Marcus & Millichap annual gross margin
2011
2012
2013
2014
2015
2016
2017
2018
2022
2023
2024
2025
Marcus & Millichap Gross Margin Growth & History (MMI)
Marcus & Millichap's gross margin was 37.70% for fiscal 2025.
View full Marcus & Millichap company overviewMarcus & Millichap annual gross margin history
| Fiscal year | Period ended | Gross margin | Change (percentage points) |
|---|---|---|---|
| 2025 | 2025-12-31 | 37.70% | −0.32 pp |
| 2024 | 2024-12-31 | 38.01% | +0.97 pp |
| 2023 | 2023-12-31 | 37.04% | +2.41 pp |
| 2022 | 2022-12-31 | 34.63% | — |
| 2018 | 2018-12-31 | 38.28% | +0.33 pp |
| 2017 | 2017-12-31 | 37.95% | −0.05 pp |
| 2016 | 2016-12-31 | 38.01% | −0.55 pp |
| 2015 | 2015-12-31 | 38.56% | −0.26 pp |
| 2014 | 2014-12-31 | 38.81% | −0.48 pp |
| 2013 | 2013-12-31 | 39.29% | −1.02 pp |
| 2012 | 2012-12-31 | 40.31% | −0.55 pp |
| 2011 | 2011-12-31 | 40.85% | — |
Marcus & Millichap quarterly gross margin
Q1.12
Q2.12
Q3.12
Q4.12
Q1.13
Q2.13
Q3.13
Q4.13
Q1.14
Q2.14
Q3.14
Q4.14
Q1.15
Q2.15
Q3.15
Q4.15
Q1.16
Q2.16
Q3.16
Q4.16
Q1.17
Q2.17
Q3.17
Q4.17
Q1.18
Q2.18
Q3.18
Q4.18
Q1.19
Q2.19
Q3.19
Q4.19
Q2.25
Q3.25
Q4.25
Q1.26
Q2.26
| Fiscal quarter | Period ended | Gross margin | Change (percentage points) |
|---|---|---|---|
| Q2 2026 | 2026-06-30 | 37.58% | −0.54 pp |
| Q1 2026 | 2026-03-31 | 39.56% | — |
| Q4 2025 | 2025-12-31 | 36.66% | — |
| Q3 2025 | 2025-09-30 | 37.60% | — |
| Q2 2025 | 2025-06-30 | 38.11% | — |
| Q4 2019 | 2019-12-31 | 34.77% | −0.76 pp |
| Q3 2019 | 2019-09-30 | 37.37% | +0.48 pp |
| Q2 2019 | 2019-06-30 | 39.00% | −0.88 pp |
| Q1 2019 | 2019-03-31 | 42.95% | +1.18 pp |
| Q4 2018 | 2018-12-31 | 35.53% | +0.49 pp |
| Q3 2018 | 2018-09-30 | 36.89% | −0.49 pp |
| Q2 2018 | 2018-06-30 | 39.89% | +1.08 pp |
| Q1 2018 | 2018-03-31 | 41.76% | +0.27 pp |
| Q4 2017 | 2017-12-31 | 35.04% | −0.66 pp |
| Q3 2017 | 2017-09-30 | 37.38% | +0.41 pp |
| Q2 2017 | 2017-06-30 | 38.81% | +0.49 pp |
| Q1 2017 | 2017-03-31 | 41.49% | +0.02 pp |
| Q4 2016 | 2016-12-31 | 35.70% | −0.48 pp |
| Q3 2016 | 2016-09-30 | 36.97% | −1.53 pp |
| Q2 2016 | 2016-06-30 | 38.31% | −0.84 pp |
| Q1 2016 | 2016-03-31 | 41.47% | +0.26 pp |
| Q4 2015 | 2015-12-31 | 36.18% | −0.13 pp |
| Q3 2015 | 2015-09-30 | 38.50% | −0.35 pp |
| Q2 2015 | 2015-06-30 | 39.15% | −1.56 pp |
| Q1 2015 | 2015-03-31 | 41.21% | +0.89 pp |
| Q4 2014 | 2014-12-31 | 36.31% | −0.49 pp |
| Q3 2014 | 2014-09-30 | 38.85% | −0.66 pp |
| Q2 2014 | 2014-06-30 | 40.71% | −1.02 pp |
| Q1 2014 | 2014-03-31 | 40.31% | −0.27 pp |
| Q4 2013 | 2013-12-31 | 36.79% | −1.34 pp |
| Q3 2013 | 2013-09-30 | 39.51% | −1.08 pp |
| Q2 2013 | 2013-06-30 | 41.73% | −0.34 pp |
| Q1 2013 | 2013-03-31 | 40.58% | −2.07 pp |
| Q4 2012 | 2012-12-31 | 38.13% | — |
| Q3 2012 | 2012-09-30 | 40.59% | — |
| Q2 2012 | 2012-06-30 | 42.07% | — |
| Q1 2012 | 2012-03-31 | 42.64% | — |
Marcus & Millichap gross margin trends
Between the periods ended 2011-12-31 and 2025-12-31, Marcus & Millichap's gross margin decreased from 40.85% to 37.70%, a change of −3.16 percentage points. The latest reported quarter, Q2 2026, shows 37.58%.
About the metric
What gross margin means
Gross margin measures the percentage of revenue remaining after the direct costs of producing goods or services. It helps show how efficiently a company turns sales into gross profit before operating expenses.
Calculation and source
How gross margin is calculated
TickerStat calculates gross margin as SEC-reported gross profit divided by SEC-reported revenue for the same fiscal period. Changes are shown in percentage points. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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