eXp Wraps Up 2024 With Revenue Growth and Plans for Continued Expansion in 2025
eXp World Holdings, the parent company of eXp Realty, concluded 2024 with steady growth, reporting a 7% increase in revenue to $4.6 billion and a rise in transaction volume to $185.2 billion. The company’s top 10 U.S. agents closed over $100 million in December, demonstrating significant momentum at the close of the year. (Read the press release here.)
Throughout 2024, eXp Realty continued its commitment to agents by issuing 1.8 million shares valued at $22 million, reinforcing its agent-first model. Additionally, the company was named to Glassdoor’s Best Places to Work list for the eighth consecutive year, reflecting a strong organizational culture and continued support for its agents.
Innovation, Growth, and the Strength of the eXp Platform
“At eXp, the focus is on continuous innovation,” said Glenn Sanford, eXp World Holdings Founder, Chairman, and CEO. “The company remains dedicated to redefining possibilities in real estate by equipping agents with the tools, support, and community necessary for business growth. The achievements of 2024 set the stage for an even stronger 2025.”
A key development in 2024 was the addition of big producers, such as Spring Bengtzen and the Utah Life Real Estate Group to eXp. This team of over 80 agents closed $316 million in sales before transitioning from Real brokerage, further strengthening eXp’s network of top producers.
Q4 and Full-Year 2024 Financial Highlights
- Revenue: $4.6 billion in 2024 (up 7%), with $1.1 billion in Q4.
- Transaction Volume: $185.2 billion for the year (up 9%) and $45.3 billion in Q4 (up 17%).
- Sales Transactions: 434,165 for the year (up 3%) and 103,942 in Q4 (up 6%).
- Cash Distributed to Shareholders: $171.2 million in 2024, including $141.1 million in stock repurchases and $30.1 million in cash dividends.
- Adjusted EBITDA: $75.5 million for the year, with $7.7 million in Q4.
eXp Realty plans to continue investing in innovation, training, and technology to create more opportunities for its agents. Leo Pareja, CEO of eXp Realty, emphasized the company’s ongoing growth, stating, “eXp Realty remains the largest independent brokerage, and the focus remains on enhancing the agent experience through cutting-edge tools and training.”
With agent satisfaction maintaining a strong Net Promoter Score (NPS) of 77, the company remains committed to providing value for its agents.
