Marcus & Millichap expands share repurchase program and projects higher service costs for Q2 2026 amid 18% revenue growth.
Marcus & Millichap increased its share repurchase authorization by $70 million, signaling confidence in its financial position. The company expects Q2 2026 cost of services to range between 62% and 63.5% of revenue.
First-quarter revenue rose 18% year-over-year to $320 million, driven by a nearly 12% increase in brokerage revenue. Financing revenue also contributed to growth, reflecting strong market activity.
Management highlighted a solid start to the year, with performance outpacing the same period in 2025. The expanded buyback program follows a period of revenue expansion and operational strength.