Newmark Group reported third‑quarter 2025 revenue of $863.5 million, a 25.9% year‑over‑year increase from $685.9 million in Q3 2024. Non‑GAAP earnings per share were $0.42, surpassing consensus estimates of $0.40–$0.41 by 3.3% and beating the prior‑year adjusted EPS of $0.33.
Capital Markets revenue grew 59.7% to $?? million, while Valuation & Advisory revenue increased 23.5%. Management Services, Servicing Fees & Other revenue rose 12.6%. Leasing revenue grew modestly, reflecting steady demand in the commercial real‑estate market.
Newmark raised its full‑year 2025 guidance to total revenues of $3.175 billion–$3.325 billion and adjusted EPS of $1.53–$1.63. The company declared a quarterly dividend of $0.03 per share and reported adjusted free cash flow of $291.9 million, up 134% year‑over‑year.
CEO Barry Gosin said the company’s growth was entirely organic, highlighted the acquisition of RealFoundations, and noted expansion into India and the Asia‑Pacific region. He emphasized a focus on recurring revenue businesses, targeting over $2 billion annually by 2029.
Newmark’s results demonstrate resilience amid a cyclical commercial real‑estate market and macro‑economic headwinds, underscoring the firm’s strategic execution and continued double‑digit growth trajectory.
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