CBRE Group, Inc.

CBRE Group, Inc. Earnings Recaps

CBRE Real Estate 3 recaps
Q1 2026 Apr 23, 2026

CBRE delivered another strong quarter with double-digit growth across core segments, driven by robust leasing, sales, and infrastructure services, supported by secular tailwinds and strategic market positioning.

Key takeaways
  • Revenue increased 20% across Advisory, Building Operations & Experience, and Project Management, with transactional business growth peaking at 22%.
  • Data center land development profits were realized earlier than planned, contributing to stronger earnings and embedded gains of ~$900 million to be monetized over time.
  • Infrastructure services, including critical data center and telecom assets, generated nearly $950 million in Q1 revenue, up over 60% YoY, reinforcing the company’s focus on resilient, secular growth drivers.
  • EPS outlook upgraded to $7.60–$7.80 for 2026, implying over 20% growth at the midpoint, assuming favorable economic conditions.
  • Free cash flow remained strong, with $1.7 billion generated in the quarter, underpinning disciplined capital allocation and reinvestment strategies.
Full recap
Q3 2025 Oct 23, 2025

CBRE reported a robust Q3 2025, driven by strong growth across all segments, leading to a raised EPS outlook of $6.25 to $6.35. Notable performance was observed in data centers and international markets.

Key takeaways
  • Core EPS grew 34% and core EBITDA increased by 19%, exceeding expectations.
  • Data center revenue surged nearly 40% year-over-year, contributing approximately 10% to overall EBITDA.
  • Advisory Services showed a 16% revenue increase, with U.S. leasing achieving its highest third-quarter level ever, growing 18%.
  • Significant revenue growth in Asia-Pacific, particularly in Japan and India, where combined revenues rose over 30%.
  • Full-year core EPS guidance raised from $6.10–$6.20 to $6.25–$6.35, reflecting positive business momentum.
Full recap
Q2 2025 Aug 2, 2025

CBRE Group delivered strong second-quarter performance in 2025, exceeding expectations with significant revenue growth across both resilient and transactional sectors, and raising full-year earnings guidance.

Key takeaways
  • Resilient revenues grew by 17%, outpacing the 15% growth in transactional revenues, indicating effective strategic positioning.
  • Core EPS increased by 47%, with full-year guidance lifted to $6.10 to $6.20, reflecting over 20% annual growth potential.
  • Advisory Services and Global Leasing achieved record revenue, with U.S. office leasing growing by 15% and overall property sales increasing by 25% in the U.S.
  • Strong growth in mortgage origination fees (+40%) and a robust performance in the Project Management segment contribute to a positive outlook.
  • Free cash flow expectations remain strong, targeting over $1.5 billion for the full year, supporting ongoing capital allocation strategies.
Full recap