earnings
confidence high
sentiment positive
materiality 0.75
Marcus & Millichap posts record Q3: revenue $332.4M, EPS $0.84, both up >100% YoY
Marcus & Millichap, Inc.
2021-Q3 EPS reported
$2.00
revenue$801,306,000
- Total revenues $332.4M (+109.6% YoY); net income $33.9M ($0.84 diluted EPS) vs $6.0M ($0.15) in Q3 2020.
- Adjusted EBITDA rose more than fourfold to $51.0M; brokerage commissions doubled to $299.8M.
- Private Client brokerage revenue $183.0M (+87% YoY); Middle Market & Larger Transaction revenue $109.3M (+~200%).
- Financing fees nearly doubled to $29.4M; investment sales professionals count at 1,982, down 17 YoY.
- Nine-month revenue $801.3M (+71.7%); net income $80.5M ($2.00 diluted EPS) vs $19.2M ($0.48) in prior year.