Newmark Reports Record Q3 Revenue, Raises Earnings 14% Year Over Year
Newmark reported Q3 2026 revenue of $973.2M, up 12.7% YoY, and Adjusted EPS of $0.48, up 14.3%. GAAP EPS was $0.27. The company lowered its 2026 outlook due to macroeconomic uncertainty. Leasing and management businesses performed strongly, while investment sales improved in certain sectors. S&P upgraded Newmark's credit rating to BBB-.
How this was made
The 30-second read
Why it matters
Traders can reassess forward earnings power using the updated revenue, Adjusted EPS, and Adjusted EBITDA ranges, while also weighing segment momentum (leasing and servicing) against Capital Markets softness.
Market read
Fresh quarterly results plus a lowered 2026 outlook create a near-term repricing opportunity for NMRK, especially for investors focused on CRE services earnings durability.
What to watch
Capital Markets weakness is attributed to lower mortgage origination activity, which could be cyclical; the issuer credit upgrade to BBB- may support funding and client confidence despite the guidance cut.
Background
Newmark Group, Inc. (NMRK) issued a Q3 2026 results update and revised its 2026 outlook, citing macro uncertainty around deal closings.
Ticker impact
Newmark reported Q3 2026 revenue of $973.2M and Adjusted EPS of $0.48, and revised 2026 outlook to $3.7B-$3.8B revenue and $1.80-$1.90 EPS.
Likely mixed reaction, with upside from record revenue/EPS and leasing strength offset by the lowered 2026 outlook.
The article contains a fresh earnings and guidance update plus specific segment highlights, but it does not provide consensus or the magnitude of the guidance cut versus prior expectations.
Market effects
Signals continued demand resilience in commercial real estate services (leasing and servicing) even as deal-closing timing uncertainty affects forward revenue visibility.
Primarily US office and multifamily activity, with potential read-through to US CRE transaction volumes and mortgage origination sensitivity.
Limited direct global impact; mostly relevant to US CRE services and capital markets sentiment.
Counterpoint
The outlook reduction may be largely timing-related rather than demand deterioration, so the market may over-discount the forward numbers.
Key entities
- companyNewmark Group, Inc.
Reported Q3 2026 revenue and Adjusted EPS, revised 2026 outlook, and highlighted leasing, servicing, and investment sales trends.
- customer/partner601W Companies
Won a long-term property and project management assignment with Newmark covering more than 21 million square feet of US office assets.
- rating agencyS&P Global Ratings
Upgraded Newmark’s issuer credit rating to BBB- from BB+ on September 16, 2026.
