Business Segments · Pass-through costs
Project Management — Pass-through costs
CBRE Group Project Management — Pass-through costs decreased by 26.3% to $927.00M in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 8.0%, from $858.00M to $927.00M. Over 2 years (FY 2023 to FY 2025), Project Management — Pass-through costs shows an upward trend with a 10.0% CAGR.
Analysis
StatementSegment
CategoryEfficiency
SignalContext dependent
VolatilityModerate
First reportedQ1 2023
Last reportedQ1 2026
How to read this metric
High pass-through costs indicate large-scale project management activity, but do not necessarily correlate with higher profitability.
Detailed definition
These are costs incurred by the company on behalf of clients, such as construction materials or subcontractor fees, whic...
Peer comparison
Standard in construction and project management services to distinguish between service fees and project expenses.
Metric ID:
cbre_segment_project_management_pass_through_costsHistorical Data
13 periods
| Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $861.25M | $861.25M | $861.25M | $861.25M | $794.00M | $781.00M | $897.00M | $1.20B | $858.00M | $939.00M | $1.11B | $1.26B | $927.00M |
| QoQ Change | — | +0.0% | +0.0% | +0.0% | -7.8% | -1.6% | +14.9% | +33.6% | -28.4% | +9.4% | +18.5% | +12.9% | -26.3% |
| YoY Change | — | — | — | — | -7.8% | -9.3% | +4.2% | +39.1% | +8.1% | +20.2% | +24.1% | +4.9% | +8.0% |
Range$781.00M – $1.26B
CAGR+2.5%
Avg YoY Growth+10.2%
Median YoY Growth+8.0%
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Frequently Asked Questions
- What is CBRE Group's project management — pass-through costs?
- CBRE Group (CBRE) reported project management — pass-through costs of $927.00M in Q1 2026.
- How has CBRE Group's project management — pass-through costs changed year-over-year?
- CBRE Group's project management — pass-through costs increased by 8.0% year-over-year, from $858.00M to $927.00M.
- What is the long-term trend for CBRE Group's project management — pass-through costs?
- Over 2 years (2023 to 2025), CBRE Group's project management — pass-through costs has grown at a 10.0% compound annual growth rate (CAGR), from $3.45B to $4.17B.
- What does project management — pass-through costs mean?
- Client-reimbursable expenses that flow through the company's books without impacting profit margins.