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Compensation (Tables)
 6 Months Ended
Jun. 30, 2024
Share-Based Payment Arrangement [Abstract]  
Schedule of Compensation Cost for Share-Based Payment Arrangements
Newmark incurred compensation expense related to Class A common stock, limited partnership units and RSUs held by Newmark employees as follows (in thousands):
Three Months Ended June 30,Six Months Ended June 30,
 2024202320242023
Issuance of common stock and exchangeability expenses11,852 5,832 47,958 27,705 
Limited partnership units amortization7,169 7,434 14,516 15,005 
RSU amortization5,920 6,221 13,679 12,184 
Total compensation expense
24,941 19,487 76,153 54,894 
Allocations of net income to limited partnership units and FPUs (1)
545 122 776 364 
Equity-based compensation and allocations of net income to limited partnership units and FPUs$25,486 $19,609 $76,929 $55,258 
(1)Certain limited partnership units receive quarterly allocations of net income and are generally contingent upon services being provided by the unit holders, including the Preferred Distribution.
Compensation expense related to the issuance of Newmark or BGC Class A common stock and grants of exchangeability on Newmark Holdings and BGC Holdings (prior to the Corporate Conversion) limited partnership units to Newmark employees is as follows (in thousands):
Three Months Ended June 30,Six Months Ended June 30,
 2024202320242023
Issuance of common stock and exchangeability expenses$11,852 $5,832 $47,958 $27,705 
Newmark recognized compensation expense related to these limited partnership units that were not redeemed as follows (in thousands):
Three Months Ended June 30,Six Months Ended June 30,
 2024202320242023
Post-termination payout$3,104 $3,369 $6,386 $8,230 
Stated vesting schedule
4,065 $4,065 8,130 $6,775 
Limited partnership units amortization$7,169 $7,434 $14,516 $15,005 
Compensation expense related to Newmark and BGC RSUs are as follows (in thousands):
Three Months Ended June 30,Six Months Ended June 30,
 2024202320242023
RSU amortization$5,920 $6,221 $13,679 $12,184 
Schedule of Activity Associated with Limited Partnership Units
A summary of the activity associated with limited partnership units held by Newmark employees is as follows:
 
Newmark Holdings Units
BGC Holdings Units
Balance, January 1, 202330,687,954 5,459,388 
Issued16,092,841 1,506 
Redeemed/exchanged units(3,676,057)(5,459,895)
Forfeited units/other(727,772)(999)
Balance, December 31, 2023(1)
42,376,966 — 
Issued9,040,073 — 
Redeemed/exchanged units(2,462,482)— 
Forfeited units/other(398,037)— 
June 30, 2024(2)
48,556,520 — 
Total exchangeable units outstanding(1):
December 31, 202312,189,148 — 
June 30, 202413,382,806 — 
(1)The Limited Partnership Units table above also includes partnership units issued as consideration for acquisitions. As of June 30, 2024, there were 2.8 million such partnership units in Newmark Holdings outstanding, of which 1.9 million units were exchangeable. There were no partnership units in BGC Holdings outstanding. As of December 31, 2023, there were 3.1 million such partnership units in Newmark Holdings outstanding, of which 1.5 million units were exchangeable.
(2)As of June 30, 2024, the total Limited Partnership Units included 2.2 million Newmark Preferred Units.
Schedule of Units Redeemed
A summary of units held by Newmark employees redeemed in connection with the issuance of Newmark or BGC Class A common stock (at the current Exchange Ratio) or granted exchangeability for Newmark or BGC Class A common stock is as follows:
Three Months Ended June 30,Six Months Ended June 30,
 2024202320242023
BGC Holdings Units
— 100,280 — 116,556 
Newmark Holdings Units
1,274,736 972,339 4,922,350 3,700,617 
Total1,274,736 1,072,619 4,922,350 3,817,173 
Schedule of Limited Partnership Units with a Post-Termination Payout Limited partnership units with a post-termination payout held by Newmark employees are as follows (dollars in thousands):
June 30, 2024December 31, 2023
Notional Value$161,604 $158,594 
Estimated fair value of the post-termination payout(1)
$59,680 $54,950 
Outstanding limited partnership units in Newmark Holdings17,092,900 16,704,405 
Outstanding limited partnership units in Newmark Holdings - unvested374,104 4,856,908 
(1)Included in “Other long-term liabilities” on the accompanying unaudited condensed consolidated balance sheets.
Schedule of Grant of Conversion Rights
The grants of exchange rights to HDUs of Newmark employees are as follows (in thousands):
June 30, 2024December 31, 2023
Notional Value$1,254 $1,254 
Estimated fair value of limited partnership units (1)
$1,135 $1,135 
(1)Included in “Other long-term liabilities” on the accompanying unaudited condensed consolidated balance sheets.
Schedule of Activity Associated with Restricted Stock Units A summary of the activity associated with Newmark and BGC RSUs held by Newmark employees is as follows (fair value amount in thousands):
Newmark RSUs(1)
BGC RSUs(2)
 Restricted
Stock
Units		Weighted-
Average
Grant Date
Fair Value
Per Share		Fair
Value
Amount		Weighted-
Average
Remaining
Contractual
Term (Years)		Restricted
Stock
Units		Weighted-
Average
Grant Date
Fair Value
Per Share		Fair
Value
Amount		Weighted-
Average
Remaining
Contractual
Term (Years)
Balance, January 1, 202311,263,862 $9.39 $105,735 4.756,928 $4.17 $29 1.62
Granted4,192,685 6.82 28,594 — — — 
Settled units (delivered shares)(2,708,902)9.03 (24,461)(2,045)4.05 (8)
Forfeited units(614,540)9.14 (5,617)— — — 
Balance, December 31, 202312,133,105 $8.59 $104,251 4.014,883 $4.22 $21 0.87
Granted2,063,848 9.52 19,647 19,425 6.87 133 
Settled units (delivered shares)(1,964,631)8.69 (17,066)(1,243)4.28 (5)
Forfeited units(254,622)8.83 (2,248)(54)12.51 (1)
Balance, June 30, 202411,977,700 $8.73 $104,584 4.1523,011 $6.43 $148 5.71
(1)Newmark issues RSUs to Newmark employees with the awards vesting ratably over the two- to nine-year vesting period into shares of Newmark Class A common stock.
(2)    BGC RSUs historically vested over a two to three year period. The awards granted during 2024 vest over seven years.