Earnings Per Share and Weighted-Average Shares Outstanding (Tables)

12 Months Ended

Dec. 31, 2024

Earnings Per Share [Abstract]

Schedule of Basic Earnings Per Share

The following is the calculation of Newmark’s basic EPS (in thousands, except per share data): 

	Year Ended December 31,
	2024		2023		2022
Basic earnings per share:
Net income (loss) available to common stockholders	$	61,234	$	42,575	$	83,275
Basic weighted-average shares of common stock outstanding	172,179		173,475		180,337
Basic earnings per share	$	0.36	$	0.25	$	0.46

Schedule of Fully Diluted Earnings Per Share

The following is the calculation of Newmark’s fully diluted EPS (in thousands, except per share data):

	Year Ended December 31,
	2024		2023		2022
Fully diluted earnings per share:
Net income (loss) available to common stockholders	$	61,234	$	42,575	$	83,275
Allocations of net income to limited partnership interests in Newmark Holdings, net of tax	—		—		27,128
Net income (loss) for fully diluted shares	$	61,234	$	42,575	$	110,403
Weighted-average shares:
Common stock outstanding	172,179		173,475		180,337
Partnership units(1)	—		—		59,944
RSUs (Treasury stock method)	5,110		2,413		3,255
Newmark exchange shares	402		494		1,641
Fully diluted weighted-average shares of common stock outstanding	177,691		176,382		245,177
Fully diluted earnings per share	$	0.34	$	0.24	$	0.45

(1)Partnership units collectively include FPUs, limited partnership units, and Cantor Units (see Note 2 — “Limited Partnership Interests in Newmark Holdings and BGC Holdings” for more information).