Derivatives (Tables)

3 Months Ended

Mar. 31, 2026

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Fair Value of Derivative Contracts

The fair value of derivative contracts, computed in accordance with Newmark’s netting policy, is set forth below (in thousands):

	March 31, 2026						December 31, 2025
Derivative contract	Assets		Liabilities		Notional Amounts(1)		Assets		Liabilities		Notional Amounts(1)
Rate lock commitments	$	2,878	$	1	$	126,214	$	3,241	$	607	$	110,013
Forward Sales Contracts	9,265		1,355		1,258,109		2,799		1,809		1,011,144
Total	$	12,143	$	1,356	$	1,384,323	$	6,040	$	2,416	$	1,121,157

(1)Notional amounts represent the sum of gross long and short derivative contracts, an indication of the volume of Newmark’s derivative activity, and do not represent anticipated losses.

Schedule of Gain (Loss) on Change in Fair Value of Derivatives Included in Condensed Consolidated Statements of Operations

Gains and losses on derivative contracts, which are included on the accompanying unaudited condensed consolidated statements of operations, were as follows (in thousands):

	Location of gains (losses) recognized in income for derivatives	Three Months Ended March 31,
		2026		2025
Derivatives not designed as hedging instruments:
Rate lock commitments	Capital Markets	3,487		5,418
Rate lock commitments	Compensation and employee benefits	(610)		(1,034)
Forward Sale Contracts	Capital Markets	7,910		(7,252)
Total		$	10,787	$	(2,868)