Marcus & Millichap annual operating margin
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2025
Marcus & Millichap Operating Margin Growth & History (MMI)
Marcus & Millichap's operating margin was −1.82% for fiscal 2025.
View full Marcus & Millichap company overviewMarcus & Millichap annual operating margin history
| Fiscal year | Period ended | Operating margin | Change (percentage points) |
|---|---|---|---|
| 2025 | 2025-12-31 | −1.82% | +2.91 pp |
| 2024 | 2024-12-31 | −4.73% | +4.46 pp |
| 2023 | 2023-12-31 | −9.19% | −19.75 pp |
| 2022 | 2022-12-31 | 10.56% | −4.05 pp |
| 2021 | 2021-12-31 | 14.61% | +7.13 pp |
| 2020 | 2020-12-31 | 7.48% | −4.48 pp |
| 2019 | 2019-12-31 | 11.96% | −1.82 pp |
| 2018 | 2018-12-31 | 13.78% | +0.42 pp |
| 2017 | 2017-12-31 | 13.36% | −1.49 pp |
| 2016 | 2016-12-31 | 14.84% | −1.79 pp |
| 2015 | 2015-12-31 | 16.64% | +1.85 pp |
| 2014 | 2014-12-31 | 14.79% | +9.90 pp |
| 2013 | 2013-12-31 | 4.88% | −7.82 pp |
| 2012 | 2012-12-31 | 12.71% | +4.17 pp |
| 2011 | 2011-12-31 | 8.54% | — |
Marcus & Millichap quarterly operating margin
Q3.12
Q1.13
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Q4.13
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Q1.26
Q2.26
| Fiscal quarter | Period ended | Operating margin | Change (percentage points) |
|---|---|---|---|
| Q2 2026 | 2026-06-30 | 1.09% | +6.34 pp |
| Q1 2026 | 2026-03-31 | −3.37% | +8.84 pp |
| Q4 2025 | 2025-12-31 | 6.32% | +3.53 pp |
| Q3 2025 | 2025-09-30 | −1.22% | +5.58 pp |
| Q2 2025 | 2025-06-30 | −5.25% | −0.17 pp |
| Q1 2025 | 2025-03-31 | −12.21% | +3.36 pp |
| Q4 2024 | 2024-12-31 | 2.79% | +13.14 pp |
| Q3 2024 | 2024-09-30 | −6.80% | +2.72 pp |
| Q2 2024 | 2024-06-30 | −5.08% | +1.47 pp |
| Q1 2024 | 2024-03-31 | −15.57% | −5.19 pp |
| Q4 2023 | 2023-12-31 | −10.35% | −12.58 pp |
| Q3 2023 | 2023-09-30 | −9.52% | −18.96 pp |
| Q2 2023 | 2023-06-30 | −6.55% | −20.88 pp |
| Q1 2023 | 2023-03-31 | −10.38% | −24.23 pp |
| Q4 2022 | 2022-12-31 | 2.23% | −14.31 pp |
| Q3 2022 | 2022-09-30 | 9.43% | −4.30 pp |
| Q2 2022 | 2022-06-30 | 14.33% | −0.27 pp |
| Q1 2022 | 2022-03-31 | 13.85% | +2.87 pp |
| Q4 2021 | 2021-12-31 | 16.54% | +4.53 pp |
| Q3 2021 | 2021-09-30 | 13.74% | +9.61 pp |
| Q2 2021 | 2021-06-30 | 14.60% | +16.83 pp |
| Q1 2021 | 2021-03-31 | 10.98% | +0.68 pp |
| Q4 2020 | 2020-12-31 | 12.01% | +0.62 pp |
| Q3 2020 | 2020-09-30 | 4.12% | −8.02 pp |
| Q2 2020 | 2020-06-30 | −2.23% | −15.10 pp |
| Q1 2020 | 2020-03-31 | 10.30% | −1.07 pp |
| Q4 2019 | 2019-12-31 | 11.39% | −2.72 pp |
| Q3 2019 | 2019-09-30 | 12.14% | −0.86 pp |
| Q2 2019 | 2019-06-30 | 12.87% | −1.65 pp |
| Q1 2019 | 2019-03-31 | 11.37% | −2.08 pp |
| Q4 2018 | 2018-12-31 | 14.11% | +0.59 pp |
| Q3 2018 | 2018-09-30 | 13.00% | −0.46 pp |
| Q2 2018 | 2018-06-30 | 14.52% | +0.66 pp |
| Q1 2018 | 2018-03-31 | 13.44% | +1.01 pp |
| Q4 2017 | 2017-12-31 | 13.51% | −1.24 pp |
| Q3 2017 | 2017-09-30 | 13.46% | −0.32 pp |
| Q2 2017 | 2017-06-30 | 13.86% | −1.86 pp |
| Q1 2017 | 2017-03-31 | 12.43% | −2.70 pp |
| Q4 2016 | 2016-12-31 | 14.75% | −1.95 pp |
| Q3 2016 | 2016-09-30 | 13.79% | −2.74 pp |
| Q2 2016 | 2016-06-30 | 15.72% | −1.30 pp |
| Q1 2016 | 2016-03-31 | 15.13% | −1.09 pp |
| Q4 2015 | 2015-12-31 | 16.70% | +0.99 pp |
| Q3 2015 | 2015-09-30 | 16.53% | +0.81 pp |
| Q2 2015 | 2015-06-30 | 17.02% | +0.84 pp |
| Q1 2015 | 2015-03-31 | 16.22% | +5.70 pp |
| Q4 2014 | 2014-12-31 | 15.71% | +21.19 pp |
| Q3 2014 | 2014-09-30 | 15.72% | +4.44 pp |
| Q2 2014 | 2014-06-30 | 16.18% | +2.75 pp |
| Q1 2014 | 2014-03-31 | 10.53% | +6.70 pp |
| Q4 2013 | 2013-12-31 | −5.48% | −17.86 pp |
| Q3 2013 | 2013-09-30 | 11.28% | — |
| Q2 2013 | 2013-06-30 | 13.43% | — |
| Q1 2013 | 2013-03-31 | 3.83% | — |
| Q3 2012 | 2012-09-30 | 12.38% | — |
Marcus & Millichap operating margin trends
Over the last five reported fiscal years, Marcus & Millichap's operating margin decreased from 7.48% to −1.82%, a change of −9.29 percentage points. The latest reported quarter, Q2 2026, shows 1.09%.
About the metric
What operating margin means
Operating margin measures the percentage of revenue left after operating costs and expenses. It shows how much operating profit a company generates from each dollar of revenue.
Calculation and source
How operating margin is calculated
TickerStat calculates operating margin as SEC-reported operating income 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.
Review Marcus & Millichap filings at SEC.gov ↗