Marcus & Millichap, Inc.MMI
What Marcus & Millichap, Inc. does.
Marcus & Millichap, Inc. (“MMI”) is a leading national real estate services firm specializing in commercial real estate investment sales, financing services, research and advisory services. We are the leading national investment brokerage company in the $1 million to $10 million private client market. This is the largest and most active market and consistently comprises more than 80% of total U.S. commercial property transactions greater than $1 million in the marketplace. As of December 31, 2025, we had 1,808 investment sales and financing professionals who are primarily commission-based independent contractors who provide real estate investment brokerage and financing services to sellers and buyers of commercial real estate in over 80 offices in the United States and Canada. In 2025, we closed 8,818 sales, financing, and other transactions with total sales volume of approximately $50.8 billion.
Marcus & Millichap, Inc was formed in June 2013 in preparation for the spin-off of Marcus & Millichap Real Estate Investment Services, Inc. (“MMREIS”), which was founded in 1971. MMREIS was the real estate investment services business of the Marcus & Millichap Company (“MMC”). Our initial public offering ("IPO") was completed in November 2013. In connection with our IPO, the shareholders of MMREIS contributed their shares of MMREIS to MMI in exchange for common stock of MMI.
Revenue and profit, by fiscal year.
| Fiscal year | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Revenue | $716.9M | $1.3B | $1.3B | $645.9M | $696.1M | $755.2M |
| Net income | $42.8M | $142.5M | $104.2M | -$34.0M | -$12.4M | -$1.9M |
| Free cash flow | $31.1M | $249.0M | $2.0M | -$81.8M | $13.8M | $58.8M |
More on MMI.
- Marcus & Millichap, Inc. summary
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- Marcus & Millichap, Inc. key metrics
- Marcus & Millichap, Inc. health scores and style box
- Marcus & Millichap, Inc. earnings
- Marcus & Millichap, Inc. dividends
- Marcus & Millichap, Inc. valuation
- Marcus & Millichap, Inc. ownership and insiders
- Marcus & Millichap, Inc. peers
Figures from Marcus & Millichap, Inc.'s filings with the U.S. SEC, standardised automatically; prices are end-of-day closes. Not financial advice.