Newmark Group, Inc. (NASDAQ: NMRK) has reported its financial results for the fourth quarter and full year ended December 31, 2025. The company achieved record quarterly and full-year revenues, with strong gains in every major service line. Total revenues for the fourth quarter of 2025 amounted to $1,006.0 million, representing a 15.3% increase from the same period in the previous year, while full-year revenues for 2025 totaled $3,294.0 million, indicating a 20.3% increase from the prior year.
In terms of net income, Newmark reported a 41.4% increase in GAAP net income for fully diluted shares, which amounted to $92.9 million for the fourth quarter of 2025, compared to $65.7 million in the same period in 2024. For the full year, GAAP net income for fully diluted shares was $173.0 million, marking a substantial 182.5% increase from the previous year.
Earnings per share (EPS) also saw significant growth with GAAP EPS for the fourth quarter of 2025 increasing by 42.3% to $0.37, compared to $0.26 in the fourth quarter of 2024. The full-year GAAP EPS for 2025 was $0.68, representing a remarkable 100% increase from the prior year.
Post-tax adjusted earnings to fully diluted shareholders (adjusted EPS) for the fourth quarter of 2025 stood at $171.8 million, marking a 24.0% increase from the same period in 2024. For the full year, adjusted EPS amounted to $409.7 million, reflecting a 30.2% increase from the previous year.
Adjusted EBITDA (AEBITDA) also showed positive growth, with Newmark reporting a 17.0% increase in AEBITDA to $214.0 million for the fourth quarter of 2025, compared to $182.9 million in the fourth quarter of 2024. For the full year, AEBITDA amounted to $562.4 million, indicating a 26.3% increase from the prior year.
Newmark's management services, servicing fees, and other recurring businesses experienced a 13.0% growth, leading to the company's best-ever quarter and year. The total servicing and asset management portfolio increased by 15.2% year-on-year to a record $211.2 billion.
Furthermore, leasing fees were up 13.6%, resulting in an all-time best quarter and year for this service line. Newmark represented notable clients across various sectors, driving strong activity across retail, industrial, and office spaces.
Capital markets revenues grew by 19.2%, marking the ninth quarter in a row of double-digit growth. Newmark advised on several high-profile transactions, further contributing to its robust financial performance.
As a result of these announcements, the company's shares have moved -0.46% on the market, and are now trading at a price of $17.44. Check out the company's full 8-K submission here.
