Income StatementBalance SheetCash FlowSegments
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CBRE Group Cash Flow Statement

Operating, investing, and financing cash movements

CBRE Group generated $1.3B in operating cash flow over the trailing twelve months. After $383.0M in capital expenditures, free cash flow was $897.0M. Free cash flow decreased 0.3% year-over-year. Based on the Q1 2026 filing.

Net Cash From Operating (TTM)$1.3BNet Cash From Investing (TTM)-$1.1BNet Cash From Financing (TTM)$121.0MCapital Expenditures (TTM)$383.0MDepreciation And Amortization Cf (TTM)$769.0MNet Change In Cash (TTM)$282.0M
Latest FilingQ1 2026
Report Date2026-04-23
Market Cap$41.2B
P/E Ratio31.39
ROE15.62%

Operating

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Other non-cash income (expense)-$10.0M-$8.0M$4.0M$16.0M-$239.0M-$16.0M
Other non-cash income (expense)-$10.0M-$8.0M$4.0M$16.0M-$239.0M-$16.0M
Other non-cash income (expense)-$10.0M-$8.0M$4.0M$16.0M-$239.0M-$16.0M
Change in accounts payable$477.0M-$225.0M$49.0M$181.0M$565.0M-$89.0M
Deferred income taxes-$84.0M-$3.0M$0.0-$66.0M-$200.0M$0.0
Depreciation and amortization$177.0M$142.0M$182.0M$181.0M$224.0M$182.0M
Other Non-Cash Income (Expense)-$10.0M-$8.0M$4.0M$16.0M-$239.0M-$16.0M
Other Non-cash Income (Expense)-$10.0M-$8.0M$4.0M$16.0M-$239.0M-$16.0M
Other Non-cash Income (Expense)-$10.0M-$8.0M$4.0M$16.0M-$239.0M-$16.0M
Net cash from operating activities$1.3B-$546.0M$57.0M$827.0M$1.2B-$825.0M
Net income$501.0M$191.0M$239.0M$396.0M$451.0M$342.0M
Other non-cash income (expense)-$10.0M-$8.0M$4.0M$16.0M-$239.0M-$16.0M
Amortization$55.0M$48.0M$55.0M$49.0M$47.0M$51.0M
Gain (Loss) on Disposition of Other Assets$51.0M-$2.0M$76.0M$52.0M$61.0M-$22.0M
Accrued compensation and employee benefits$731.0M-$859.0M$72.0M$356.0M$716.0M-$844.0M
Increase (Decrease) in Income Taxes Receivable—$76.0M$178.0M-$50.0M—$3.0M
Increase Decrease In Receivables Prepaid Expenses And Other Assets Including Contract Assets$438.0M-$207.0M$374.0M$252.0M$463.0M$254.0M
Warehouse lines of credit-$870.0M$626.0M$254.0M$192.0M$0.0-$669.0M
Other Noncash Income (Expense)-$10.0M-$8.0M$4.0M$16.0M-$239.0M-$16.0M
Payments For Origination Of Mortgage Loans Held For Sale$4.5B$2.6B$4.0B$4.4B$5.1B$3.7B
Other Non-cash Income and Expense-$10.0M-$8.0M$4.0M$16.0M-$239.0M-$16.0M
Other Non-Cash Adjustments-$10.0M-$8.0M$4.0M$16.0M-$239.0M-$16.0M
Other Non-Cash Income and Expense-$10.0M-$8.0M$4.0M$16.0M-$239.0M-$16.0M
Stock-based compensation$34.0M$21.0M$42.0M$47.0M$10.0M$48.0M

Financing

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Repayments of Lines of Credit$1.5B$132.0M$0.0$0.0$0.0$0.0
Other, net-$246.0M-$167.0M-$81.0M-$35.0M-$238.0M$27.0M
Proceeds from (repayments of) short-term borrowings, net$43.8M$1.4B-$239.0M-$272.0M—$1.1B
Proceeds from Secured Long-Term Debt—$585.0M$1.1B-$6.0M$742.0M$0.0
Repayments of Secured Debt—$33.0M$603.0M$15.0M$19.0M$18.0M
Payment of Deferred Purchase Consideration-$246.0M-$167.0M-$81.0M-$35.0M-$238.0M$27.0M
Noncontrolling interest transactions and other-$246.0M-$167.0M-$81.0M-$35.0M-$238.0M$27.0M
Repayments of Lines of Credit$1.5B$132.0M$0.0$0.0$0.0$0.0
Net cash from financing activities-$1.1B$1.3B-$96.0M-$328.0M$0.0$545.0M
Noncontrolling Interests Activity and Other-$246.0M-$167.0M-$81.0M-$35.0M-$238.0M$27.0M
Repayments of Acquisition Credit Facilities$1.5B$132.0M$0.0$0.0$0.0$0.0
Repurchases of common stock$517.0M$418.0M$262.0M$0.0$288.0M$530.0M
Repayments of lines of credit$1.5B$132.0M$0.0$0.0$0.0$0.0
Proceeds from Issuance of Secured Debt—$585.0M$1.1B-$6.0M$742.0M$0.0

Investing

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Capital expenditures$93.0M$64.0M$74.0M$84.0M$144.0M$81.0M
Payment for (Proceeds from) Other Investing Activity-$56.0M-$9.0M-$192.0M-$21.0M—-$6.0M
Payments To Acquire And Develop Real Estate$177.0M$66.0M$68.0M$106.0M$150.0M$165.0M
Payments To Acquire Business Two Net Of Cash Acquired$15.0M$303.0M$8.0M$20.0M$1.0B$0.0
Payments to Acquire Interest in Joint Venture$26.0M$51.0M$34.0M$8.0M$68.0M$17.0M
Proceeds From Sale Of Mortgage Loans Held For Sale$5.3B$2.0B$3.8B$4.2B$5.2B$4.3B
Proceeds From Sale Of Real Estate Heldforinvestment$58.8M$13.0M———$321.0M
Net cash from investing activities-$20.0M-$462.0M-$5.0M-$197.0M-$963.0M$64.0M

Free Cash Flow

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Free cash flow$1.2B-$610.0M-$17.0M$743.0M$1.1B-$906.0M

Other

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Effect of exchange rate changes on cash-$108.0M$44.0M$63.0M-$25.0M—-$3.0M
Net increase (decrease) in cash—$292.0M$19.0M$277.0M$205.0M-$219.0M

Supplemental

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Interest paid$89.0M$102.0M$124.0M$100.0M$122.0M$98.0M
Deferred and/or contingent consideration$4.0M$27.0M$0.0$10.0M$146.0M-$2.0M
Income Taxes Paid, Net$116.0M$131.0M$220.0M$106.0M$142.0M$105.0M