← NEWMARK GROUP, INC.
| Annual Trend | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenues: | ||||||||||
| Total operating expenses | $1.5b | $1.8b | $2.1b | $1.7b | $2.9b | $2.4b | $2.4b | $2.6b | $3.1b | |
| Compensation and employee benefits | $987.7m | $1.2b | $1.3b | $1.1b | $1.8b | $1.6b | $1.5b | $1.6b | $1.9b | |
| Operating, administrative and other | $219.2m | $331.8m | $361.9m | $294.4m | $553.6m | $534.8m | $536.7m | $597.6m | $658.9m | |
| Fees to related parties | $20.8m | $26.2m | $25.0m | $22.6m | $23.8m | $28.5m | $27.2m | $26.4m | $33.3m | |
| Depreciation and amortization | $95.8m | $97.7m | $131.1m | $141.2m | $121.7m | $165.8m | $166.2m | $174.3m | $181.3m | |
| Other income (loss), net | — | $127.3m | $81.0m | $15.3m | $1.2b | ($97.7m) | $13.9m | $6.7m | $43.0m | |
| Income (loss) from operations | $199.8m | $332.6m | $246.2m | $184.0m | $1.3b | $185.6m | $125.2m | $163.0m | $234.0m | |
| Income (loss) before income taxes and noncontrolling interests | $202.6m | $282.4m | $214.1m | $146.3m | $1.2b | $154.6m | $103.5m | $131.3m | $201.5m | |
| Provision (benefit) for income taxes | $57.5m | $90.5m | $52.4m | $37.0m | $243.0m | $42.1m | $41.1m | $45.8m | $46.1m | |
| Total compensation and employee benefits | $1.1b | $1.4b | $1.5b | $1.3b | $2.2b | $1.7b | $1.6b | $1.8b | $2.2b | |
| Equity-based compensation and allocations of net income to limited partnership units and FPUs | $147.1m | $224.6m | $258.8m | $130.8m | $356.3m | $138.3m | $139.7m | $185.4m | $282.0m | |
| Consolidated net income (loss) | $145.1m | $191.9m | $161.7m | $109.3m | $978.1m | $112.5m | $62.4m | $85.5m | $155.4m | |
| Net income (loss) available to common stockholders | $144.5m | $101.6m | $104.4m | $70.3m | $744.5m | $83.3m | $42.6m | $61.2m | $126.2m | |
| Net income (loss) for fully diluted shares | $117.2m | $105.6m | $108.2m | $70.3m | $744.5m | $110.4m | $42.6m | $61.2m | $173.0m | |
| Less: Net income (loss) attributable to noncontrolling interests | $604k | $85.2m | $44.4m | $29.2m | $227.4m | $29.3m | $19.8m | $24.3m | $29.3m | |
| Basic earnings per share | ||||||||||
| Fully diluted earnings per share | ||||||||||
| Basic weighted-average shares of common stock outstanding (in shares) | 133.4m | 157.3m | 177.8m | 179.1m | 190.2m | 180.3m | 173.5m | 172.2m | 178.5m | |
| Fully diluted weighted-average shares of common stock outstanding (in shares) | 138.4m | 163.8m | 185.0m | 179.7m | 195.8m | 245.2m | 176.4m | 177.7m | 253.4m | |
| Interest expense, net | — | ($50.2m) | ($32.1m) | ($37.7m) | ($33.5m) | ($31.0m) | ($21.7m) | ($31.8m) | ($32.5m) |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.