CBRE Group Inc's income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), CBRE Group Inc reported revenue of $40.5B (+13.4% year on year) and net income of $1.3B (+23.3% year on year).
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Revenue | $40.5B | $35.8B | $31.9B | $30.8B |
| Cost of revenue | $33.0B | $28.8B | $25.7B | $24.2B |
| Operating, administrative and other | $5.5B | $5.0B | $4.6B | $4.6B |
| Depreciation and amortization | $729.0M | $674.0M | $622.0M | $613.1M |
| Total costs and expenses | $39.3B | $34.5B | $30.9B | $29.6B |
| Gain on disposition of real estate | $459.0M | $142.0M | $27.0M | $244.4M |
| Operating income | $1.8B | $1.4B | $1.1B | $1.5B |
| Equity income (loss) from unconsolidated subsidiaries | $40.0M | ($19.0M) | $248.0M | $229.0M |
| Other income | $19.0M | $39.0M | $61.0M | ($11.9M) |
| Interest expense, net of interest income | $216.0M | $215.0M | $149.0M | $69.0M |
| Write-off of financing costs on extinguished debt | $2.0M | $0 | $0 | $1.9M |
| Income before provision for income taxes | $1.6B | $1.2B | $1.3B | $1.7B |
| Provision for income taxes | $317.0M | $182.0M | $250.0M | $234.2M |
| Net income | $1.3B | $1.0B | $1.0B | $1.4B |
| Less: Net income attributable to non-controlling interests | $120.0M | $68.0M | $41.0M | $16.6M |
| Net income attributable to CBRE Group, Inc. | $1.2B | $968.0M | $986.0M | $1.4B |
| Net income per share attributable to CBRE Group, Inc. (in dollars per share) | $3.88 | $3.16 | $3.20 | $4.36 |
| Weighted average shares outstanding for basic income per share (in shares) | $298157861.00 | $305859458.00 | $308430080.00 | $322813345.00 |
| Net income per share attributable to CBRE Group, Inc. (in dollars per share) | $3.85 | $3.14 | $3.15 | $4.29 |
| Weighted average shares outstanding for diluted income per share (in shares) | $300751541.00 | $308033612.00 | $312550942.00 | $327696115.00 |
| Line item | Sep 30, 2026 · Q3 | Jun 30, 2026 · Q2 | Mar 31, 2026 · Q1 | Sep 30, 2025 · Q3 |
|---|---|---|---|---|
| Revenue | $11.5B | $11.2B | $10.5B | $10.3B |
| Cost of revenue | $9.4B | $9.1B | $8.7B | $8.3B |
| Operating, administrative and other | $1.6B | $1.5B | $1.5B | $1.3B |
| Depreciation and amortization | $184.0M | $190.0M | $182.0M | $181.0M |
| Total costs and expenses | $11.1B | $10.9B | $10.3B | $9.8B |
| Gain on disposition of real estate | $184.0M | $5.0M | $301.0M | $36.0M |
| Operating income | $561.0M | $365.0M | $511.0M | $481.0M |
| Equity income from unconsolidated subsidiaries | $104.0M | $4.0M | ($9.0M) | $53.0M |
| Other income | $8.0M | $6.0M | $11.0M | $3.0M |
| Interest expense, net of interest income | $62.0M | $60.0M | $59.0M | $50.0M |
| Write-off of financing costs on extinguished debt | $0 | $0 | — | $0 |
| Income before provision for income taxes | $611.0M | $315.0M | $454.0M | $487.0M |
| Provision for income taxes | $131.0M | $68.0M | $112.0M | $91.0M |
| Net income | $480.0M | $247.0M | $342.0M | $396.0M |
| Less: Net income attributable to non-controlling interests | $37.0M | $43.0M | $24.0M | $33.0M |
| Net income attributable to CBRE Group, Inc. | $443.0M | $204.0M | $318.0M | $363.0M |
| Net income per share attributable to CBRE Group, Inc. (in dollars per share) | $1.53 | $0.70 | $1.08 | $1.22 |
| Weighted average shares outstanding for basic income per share (in shares) | $289273856.00 | $291824424.00 | $294377494.00 | $297557891.00 |
| Net income per share attributable to CBRE Group, Inc. (in dollars per share) | $1.52 | $0.69 | $1.07 | $1.21 |
| Weighted average shares outstanding for diluted income per share (in shares) | $291609847.00 | $293859609.00 | $296987404.00 | $300257330.00 |
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Cash and cash equivalents | $1.9B | $1.1B | $1.3B | $1.3B |
| Restricted cash | $150.0M | $107.0M | $106.0M | $86.6M |
| Receivables, less allowance for doubtful accounts of $125 and $101 at December 31, 2025 and 2024, respectively | $8.3B | $7.0B | $6.4B | $5.3B |
| Warehouse receivables | $1.6B | $561.0M | $675.0M | $455.4M |
| Contract assets | $462.0M | $400.0M | $442.9M | $391.6M |
| Prepaid expenses | $372.0M | $332.0M | $333.0M | $311.5M |
| Income taxes receivable | $175.0M | $130.0M | $159.0M | $81.5M |
| Other current assets | $552.0M | $321.0M | $315.0M | $557.0M |
| Total Current Assets | $13.5B | $10.0B | $9.7B | $8.5B |
| Property and equipment, net of accumulated depreciation and amortization of $2,137 and $1,795 at December 31, 2025 and 2024, respectively | $1.0B | $914.0M | $907.0M | $836.0M |
| Goodwill | $7.1B | $5.6B | $5.1B | $4.9B |
| Other intangible assets, net of accumulated amortization of $2,764 and $2,494 at December 31, 2025 and 2024, respectively | $3.0B | $2.3B | $2.1B | $2.2B |
| Operating lease assets | $2.1B | $1.2B | $1.0B | $1.0B |
| Investments in unconsolidated subsidiaries (with $421 and $890 at fair value at December 31, 2025 and 2024, respectively) | $870.0M | $1.3B | $1.4B | $1.3B |
| Non-current contract assets | $103.0M | $89.0M | $75.0M | $137.5M |
| Real estate under development | $646.0M | $505.0M | $300.0M | $172.3M |
| Non-current income taxes receivable | $106.0M | $75.0M | $78.0M | $51.9M |
| Deferred tax assets, net | $697.0M | $538.0M | $361.0M | $265.6M |
| Other assets | $1.8B | $1.9B | $1.5B | $1.1B |
| Total assets | $30.9B | $24.4B | $22.5B | $20.5B |
| Accounts payable and accrued expenses | $4.8B | $4.1B | $3.6B | $3.1B |
| Compensation and employee benefits payable | $1.6B | $1.4B | $1.5B | $1.5B |
| Accrued bonus and profit sharing | $1.9B | $1.7B | $1.6B | $1.7B |
| Operating lease liabilities | $284.0M | $200.0M | $242.0M | $229.6M |
| Contract liabilities | $448.0M | $375.0M | $297.6M | $276.3M |
| Income taxes payable | $258.0M | $209.0M | $217.0M | $184.5M |
| Warehouse lines of credit (which fund loans that U.S. Government Sponsored Enterprises have committed to purchase) | $1.6B | $552.0M | $666.0M | $447.8M |
| Revolving credit facilities | $0 | $132.0M | $0 | $178.0M |
| Other short-term borrowings | $856.0M | $222.0M | $16.0M | $42.9M |
| Current maturities of long-term debt | $71.0M | $36.0M | $9.0M | $427.8M |
| Other current liabilities | $447.0M | $345.0M | $218.0M | $226.2M |
| Total Current Liabilities | $12.3B | $9.3B | $8.2B | $8.2B |
| Long-term debt, net of current maturities | $5.0B | $3.2B | $2.8B | $1.1B |
| Non-current operating lease liabilities | $2.1B | $1.3B | $1.1B | $1.1B |
| Non-current income taxes payable | $0 | $0 | $30.0M | $54.8M |
| Non-current tax liabilities | $183.0M | $160.0M | $157.0M | $148.8M |
| Deferred tax liabilities, net | $238.0M | $247.0M | $255.0M | $282.1M |
| Other liabilities | $1.3B | $945.0M | $903.0M | $1.0B |
| Total liabilities | $21.3B | $15.2B | $13.5B | $11.9B |
| Redeemable non-controlling interests in consolidated entities | $433.0M | — | — | — |
| Class A common stock; $0.01 par value; 525,000,000 shares authorized; 295,731,478 and 302,052,229 shares issued and outstanding at December 31, 2025 and 2024, respectively | 3.0M | 3.0M | 3.0M | 3.1M |
| Additional paid-in capital | $0 | $0 | $0 | $0 |
| Accumulated earnings | $9.9B | $9.6B | $9.2B | $8.8B |
| Accumulated other comprehensive loss | ($1.0B) | ($1.2B) | ($924.0M) | ($982.8M) |
| Total CBRE Group, Inc. Stockholders’ Equity | $8.9B | $8.4B | $8.3B | $7.9B |
| Line item | Sep 30, 2026 | Jun 30, 2026 | Mar 31, 2026 | Sep 30, 2025 |
|---|---|---|---|---|
| Cash and cash equivalents | $1.7B | $1.5B | $1.7B | $1.7B |
| Restricted cash | $137.0M | $150.0M | $131.0M | $140.0M |
| Receivables, less allowance for doubtful accounts of $152 and $125 at September 30, 2026 and December 31, 2025, respectively | $9.0B | $8.8B | $8.4B | $7.6B |
| Warehouse receivables | $945.0M | $722.0M | $950.0M | $1.6B |
| Contract assets | $565.0M | $520.0M | $475.0M | $415.0M |
| Prepaid expenses | $422.0M | $408.0M | $379.0M | $415.0M |
| Income taxes receivable | $186.0M | $192.0M | $192.0M | $200.0M |
| Other current assets | $679.0M | $648.0M | $539.0M | $525.0M |
| Total Current Assets | $13.7B | $12.9B | $12.7B | $12.6B |
| Property and equipment, net of accumulated depreciation and amortization of $2,332 and $2,137 at September 30, 2026 and December 31, 2025, respectively | $1.1B | $1.0B | $1.0B | $976.0M |
| Goodwill | $7.0B | $7.0B | $7.0B | $6.4B |
| Other intangible assets, net of accumulated amortization of $3,015 and $2,764 at September 30, 2026 and December 31, 2025, respectively | $2.8B | $2.8B | $2.9B | $2.4B |
| Operating lease assets | $2.2B | $2.1B | $2.1B | $2.0B |
| Investments in unconsolidated subsidiaries (with $480 and $421 at fair value at September 30, 2026 and December 31, 2025, respectively) | $913.0M | $853.0M | $844.0M | $870.0M |
| Non-current contract assets | $71.0M | $72.0M | $101.0M | $120.0M |
| Real estate under development | $1.0B | $982.0M | $822.0M | $560.0M |
| Non-current income taxes receivable | $122.0M | $103.0M | $98.0M | $96.0M |
| Deferred tax assets, net | $756.0M | $716.0M | $724.0M | $692.0M |
| Other assets | $1.7B | $1.8B | $1.8B | $1.8B |
| Total assets | $31.3B | $30.5B | $30.2B | $28.6B |
| Accounts payable and accrued expenses | $5.0B | $4.9B | $4.7B | $4.4B |
| Compensation and employee benefits payable | $1.6B | $1.6B | $1.6B | $1.5B |
| Accrued bonus and profit sharing | $1.6B | $1.1B | $1.0B | $1.3B |
| Operating lease liabilities | $331.0M | $323.0M | $293.0M | $277.0M |
| Contract liabilities | $489.0M | $469.0M | $471.0M | $382.0M |
| Income taxes payable | $76.0M | $55.0M | $271.0M | $100.0M |
| Warehouse lines of credit (which fund loans that U.S. Government Sponsored Enterprises have committed to purchase) | $936.0M | $711.0M | $940.0M | $1.6B |
| Other short-term borrowings | $1.2B | $1.6B | $1.9B | $1.1B |
| Current maturities of long-term debt | $69.0M | $69.0M | $70.0M | $71.0M |
| Other current liabilities | $399.0M | $392.0M | $410.0M | $392.0M |
| Total Current Liabilities | $11.7B | $11.3B | $11.8B | $11.2B |
| Long-term debt, net of current maturities | $5.7B | $5.7B | $5.0B | $4.3B |
| Non-current operating lease liabilities | $2.2B | $2.2B | $2.1B | $2.1B |
| Non-current tax liabilities | $213.0M | $204.0M | $196.0M | $181.0M |
| Deferred tax liabilities, net | $229.0M | $246.0M | $239.0M | $242.0M |
| Other liabilities | $1.8B | $1.6B | $1.5B | $1.3B |
| Total liabilities | $21.9B | $21.3B | $20.9B | $19.3B |
| Redeemable non-controlling interests in consolidated entities | $461.0M | $454.0M | $447.0M | $409.0M |
| Class A common stock; $0.01 par value; 525,000,000 shares authorized; 288,369,766 and 295,731,478 shares issued and outstanding at September 30, 2026 and December 31, 2025, respectively | 3.0M | 3.0M | 3.0M | 3.0M |
| Additional paid-in capital | $0 | $0 | $0 | $44.0M |
| Accumulated earnings | $9.8B | $9.5B | $9.7B | $9.8B |
| Accumulated other comprehensive loss | ($1.1B) | ($1.1B) | ($1.2B) | ($1.3B) |
| Total CBRE Group, Inc. Stockholders’ Equity | $8.7B | $8.4B | $8.5B | $8.5B |
| Non-controlling interests | $344.0M | $322.0M | $340.0M | $349.0M |
| Total Equity | $9.0B | $8.7B | $8.9B | $8.9B |
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Net income | $1.3B | $1.0B | $1.0B | $1.4B |
| Depreciation and amortization | $729.0M | $674.0M | $622.0M | $613.1M |
| Amortization of other assets | $199.0M | — | — | — |
| Net non-cash mortgage servicing rights and premiums on loan sales | ($187.0M) | ($162.0M) | ($102.0M) | ($202.5M) |
| Deferred income taxes | ($269.0M) | — | — | — |
| Stock-based compensation expense | $120.0M | $146.0M | $96.0M | $160.3M |
| Equity (income) loss from investments | ($40.0M) | $19.0M | ($248.0M) | ($229.0M) |
| Gain on sale of real estate assets | ($459.0M) | — | — | — |
| Other non-cash adjustments | $227.0M | $8.0M | — | — |
| Sale of mortgage loans | $15.1B | $12.8B | $9.7B | $14.5B |
| Origination of mortgage loans | ($16.2B) | ($12.7B) | ($9.9B) | ($13.7B) |
| Warehouse lines of credit | $1.1B | ($114.0M) | $218.0M | ($829.6M) |
| Receivables, prepaid expenses and other assets | ($882.0M) | ($572.0M) | ($860.0M) | ($503.4M) |
| Accounts payable, accrued liabilities and other liabilities | $570.0M | $538.0M | $22.0M | $64.1M |
| Accrued compensation expenses | $285.0M | $206.0M | ($173.0M) | ($2.0M) |
| Income taxes, net | ($40.0M) | ($8.0M) | ($97.0M) | ($133.2M) |
| Net cash provided by operating activities | $1.6B | $1.7B | $480.0M | $1.6B |
| Capital expenditures | ($366.0M) | ($307.0M) | ($305.0M) | ($260.1M) |
| Payments for business acquired, net of cash acquired | ($1.4B) | ($1.1B) | ($203.0M) | ($173.6M) |
| Capital contributions related to investments | ($161.0M) | ($136.0M) | ($127.0M) | ($385.2M) |
| Acquisition and development of real estate assets | ($390.0M) | ($389.0M) | ($171.0M) | — |
| Proceeds from disposition of real estate assets | $509.0M | $235.0M | $77.0M | — |
| Other investing activities, net | $155.0M | $59.0M | ($6.0M) | ($19.0K) |
| Net cash used in investing activities | ($1.6B) | ($1.5B) | ($681.0M) | ($832.5M) |
| Proceeds from revolving credit facility | $0 | $4.2B | $4.0B | $1.8B |
| Repayment of revolving credit facility | ($132.0M) | ($4.0B) | ($4.2B) | ($1.7B) |
| Proceeds from commercial paper, net | $677.0M | — | — | — |
| Proceeds from long-term debt | $2.4B | $0 | $748.0M | — |
| Repayment of long-term debt | ($670.0M) | ($9.0M) | ($437.0M) | $0 |
| Repurchase of common stock | ($968.0M) | ($627.0M) | ($665.0M) | ($1.9B) |
| Other financing activities, net | ($521.0M) | ($1.0M) | ($69.0M) | ($34.5M) |
| Net cash provided by (used in) financing activities | $796.0M | ($221.0M) | $154.0M | ($1.8B) |
| Effect of currency exchange rate changes on cash and cash equivalents and restricted cash | $65.0M | ($123.0M) | $13.0M | ($165.5M) |
| NET CHANGE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH | $793.0M | ($150.0M) | ($34.0M) | ($1.1B) |
| CASH, CASH EQUIVALENTS AND RESTRICTED CASH, AT BEGINNING OF PERIOD | $1.2B | $1.4B | $1.4B | $2.5B |
| CASH, CASH EQUIVALENTS AND RESTRICTED CASH, AT END OF PERIOD | $2.0B | — | — | — |
| Interest | $448.0M | $396.0M | $191.0M | $89.2M |
| Income Taxes Paid, Net | $599.0M | $467.0M | $467.0M | $604.4M |
| Deferred and/or contingent consideration | $183.0M | $19.0M | $54.0M | $0 |
| Line item | Sep 30, 2026 · YTD | Jun 30, 2026 · YTD | Mar 31, 2026 · Q1 | Sep 30, 2025 · YTD |
|---|---|---|---|---|
| Net income | $1.1B | $589.0M | $342.0M | $827.0M |
| Depreciation and amortization | $556.0M | $372.0M | $182.0M | $540.0M |
| Amortization of other assets | $149.0M | $101.0M | $51.0M | $152.0M |
| Net non-cash mortgage servicing rights and premiums on loan sales | $12.0M | $15.0M | $22.0M | ($126.0M) |
| Deferred income taxes | ($36.0M) | $7.0M | $0 | ($69.0M) |
| Stock-based compensation expense | $158.0M | $107.0M | $48.0M | $110.0M |
| Equity income from investments | ($99.0M) | $5.0M | $9.0M | ($50.0M) |
| Gain on sale of real estate assets | ($490.0M) | ($306.0M) | ($301.0M) | — |
| Other non-cash adjustments | $120.0M | $30.0M | $16.0M | ($12.0M) |
| Sale of mortgage loans | $10.7B | $7.4B | $4.3B | $10.0B |
| Origination of mortgage loans | ($10.0B) | ($6.5B) | ($3.7B) | ($11.0B) |
| Warehouse lines of credit | ($673.0M) | ($898.0M) | ($669.0M) | $1.1B |
| Receivables, prepaid expenses and other assets | ($1.0B) | ($783.0M) | ($254.0M) | ($419.0M) |
| Accounts payable, accrued liabilities and other liabilities | $285.0M | $88.0M | ($89.0M) | $5.0M |
| Accrued compensation expenses | ($312.0M) | ($706.0M) | ($844.0M) | ($431.0M) |
| Income taxes, net | ($220.0M) | ($224.0M) | ($3.0M) | ($204.0M) |
| Net cash provided by operating activities | $182.0M | ($687.0M) | ($825.0M) | $338.0M |
| Capital expenditures | ($321.0M) | ($195.0M) | ($81.0M) | ($222.0M) |
| Payments for business acquired, net of cash acquired | ($6.0M) | ($6.0M) | $0 | ($331.0M) |
| Capital contributions related to investments | ($125.0M) | ($45.0M) | ($17.0M) | ($93.0M) |
| Acquisition and development of real estate assets | ($432.0M) | ($337.0M) | ($165.0M) | ($240.0M) |
| Proceeds from disposition of real estate assets | $436.0M | $352.0M | $321.0M | — |
| Other investing activities, net | $84.0M | $22.0M | $6.0M | $222.0M |
| Net cash used in investing activities | ($364.0M) | ($209.0M) | $64.0M | ($664.0M) |
| Repayment of revolving credit facility | $0 | $0 | $0 | ($132.0M) |
| Proceeds from commercial paper, net | $343.0M | $723.0M | $1.1B | $910.0M |
| Proceeds from long-term debt | $742.0M | $742.0M | $0 | $1.7B |
| Repayment of long-term debt | ($53.0M) | ($36.0M) | ($18.0M) | ($651.0M) |
| Repurchase of common stock | ($1.2B) | ($940.0M) | ($530.0M) | ($680.0M) |
| Other financing activities, net | $104.0M | $38.0M | $27.0M | ($283.0M) |
| Net cash (used in) provided by financing activities | ($22.0M) | $527.0M | $545.0M | $832.0M |
| Effect of currency exchange rate changes on cash and cash equivalents and restricted cash | $10.0M | ($6.0M) | ($3.0M) | $82.0M |
| NET CHANGE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH | ($194.0M) | ($375.0M) | ($219.0M) | $588.0M |
| CASH, CASH EQUIVALENTS AND RESTRICTED CASH, AT BEGINNING OF PERIOD | $2.0B | $2.0B | $2.0B | $1.2B |
| CASH, CASH EQUIVALENTS AND RESTRICTED CASH, AT END OF PERIOD | $1.8B | $1.6B | $1.8B | $1.8B |
| Interest | $351.0M | $221.0M | $98.0M | $326.0M |
| Income tax payments, net | $549.0M | $388.0M | $105.0M | $457.0M |
| Deferred and/or contingent consideration | ($2.0M) | ($2.0M) | ($2.0M) | $37.0M |
CBRE Group Inc score and earnings-call analysis · All covered companies
Figures as reported in SEC filings. General information, not investment advice.