CBRE GroupCBREEarnings & Financial Report
CBRE can refer to:Canadian Brotherhood of Railway Employees, a railway trade union in Canada Chemical, Biological, Radiological and Explosive Defence Group, a counter-terrorism unit in Singapore CBRE Group, a multinational real estate corporation Certified broadcast radio engineer, a professional title regulated by The Society of Broadcast Engineers
Revenue
$11.5B
Gross Profit
$2.0B
Operating Profit
$622.0M
Net Profit
$416.0M
Gross Margin
17.3%
Operating Margin
5.4%
Net Margin
3.6%
YoY Growth
12.3%
EPS
$1.38
CBRE Group Q4 FY2025 Financial Summary
CBRE Group reported revenue of $11.5B (up 12.3% YoY) for Q4 FY2025, with a net profit of $416.0M (down 14.6% YoY) (3.6% margin). Cost of goods sold was $9.5B, operating expenses totaled $1.4B.
Key Financial Metrics
| Total Revenue | $11.5B |
|---|---|
| Net Profit | $416.0M |
| Gross Margin | 17.3% |
| Operating Margin | 5.4% |
| Report Period | Q4 FY2025 |
Revenue Breakdown
CBRE Group Q4 FY2025 revenue of $11.5B breaks down across 10 segments, led by Other at $5.8B (50.9% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Other | $5.8B | 50.9% |
| Project Management Segment | $2.2B | 19.3% |
| Advisory Leasing | $1.5B | 13.0% |
| Advisory Sales | $756.0M | 6.6% |
| Property Management | $695.0M | 6.1% |
| Investment Management Property Management Brokerage And Other Professional Services | $156.0M | 1.4% |
| Commercial Mortgage Origination | $95.0M | 0.8% |
| Other Portfolio Services | $87.0M | 0.8% |
| Loan Servicing | $73.0M | 0.6% |
| Real Estate Development Services | $60.0M | 0.5% |
CBRE Group Revenue by Segment — Quarterly Trend
CBRE Group revenue by segment across the last 4 reported quarters, showing how each business line (such as Other and Project Management Segment) has evolved quarter over quarter.
| Segment | Q1 FY2026 | Q4 FY2025 | Q3 FY2025 | Q2 FY2025 |
|---|---|---|---|---|
| Other | — | $5.8B | $4.3B | — |
| Project Management Segment | — | $2.2B | $2.0B | — |
| Advisory Leasing | — | $1.5B | $1.1B | — |
| Advisory Sales | — | $756.0M | $544.0M | — |
| Property Management | — | $695.0M | $657.0M | — |
CBRE Group Annual Revenue by Year
CBRE Group annual revenue history includes year-by-year totals (for example, 2025 revenue was $39.9B).
| Year | Annual Revenue |
|---|---|
| 2025 | $39.9B |
| 2024 | $35.1B |
| 2023 | $31.4B |
| 2022 | $30.2B |
CBRE Group Quarterly Revenue & Net Profit History
CBRE Group results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q1 FY2026 | $10.5B | +22.0% | $318.0M | 3.0% |
| Q4 FY2025 | $11.5B | +12.3% | $416.0M | 3.6% |
| Q3 FY2025 | $10.1B | +14.1% | $363.0M | 3.6% |
| Q2 FY2025 | $9.6B | +16.2% | $215.0M | 2.2% |
| Q1 FY2025 | $8.8B | +12.2% | $163.0M | 1.9% |
| Q4 FY2024 | $10.2B | +16.3% | $487.0M | 4.8% |
| Q3 FY2024 | $8.8B | +14.5% | $225.0M | 2.5% |
| Q2 FY2024 | $8.2B | +8.5% | $130.0M | 1.6% |
Income Statement
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $8.24B | $8.85B | $10.20B | $8.76B | $9.58B | $10.10B | $11.46B | $10.53B |
| YoY Growth | 8.5% | 14.5% | 16.3% | 12.2% | 16.2% | 14.1% | 12.3% | 22.0% |
Balance Sheet
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $23.46B | $24.84B | $24.38B | $26.37B | $27.69B | $28.57B | $30.88B | $30.17B |
| Liabilities | $14.27B | $15.29B | $15.19B | $17.36B | $18.70B | $19.27B | $21.25B | $20.86B |
| Equity | $8.36B | $8.69B | $8.41B | $8.28B | $8.25B | $8.54B | $8.88B | $8.86B |
Cash Flow
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $287.0M | $573.0M | $1.34B | $-546.0M | $57.0M | $827.0M | $1.22B | $-825.0M |