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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)-$157.0MCapital Expenditures (TTM)$383.0MDepreciation And Amortization Cf (TTM)$734.0MNet Change In Cash (TTM)$282.0M
Latest FilingQ1 2026
Report Date2026-04-23
Market Cap$38.6B
P/E Ratio29.44
ROE15.62%

Operating

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Other non-cash income (expense)-$10M-$8M$0$16M-$239M-$16M
Share of Profits (Losses) of Related Party—$16M-$18M$53M—-$9M
Other non-cash income (expense)-$10M-$8M$0$16M-$239M-$16M
Change in accounts payable$477M-$225M$49M$181M$565M-$89M
Deferred income taxes-$84M-$3M$0-$66M-$200M$0
Depreciation and amortization$177M$142M$182M$181M$189M$182M
Other Non-Cash Income (Expense)-$10M-$8M$0$16M-$239M-$16M
Other Non-cash Income (Expense)-$10M-$8M$0$16M-$239M-$16M
Income (Loss) from Equity Method Investments—$16M-$18M$53M—-$9M
Other Non-cash Income (Expense)-$10M-$8M$0$16M-$239M-$16M
Income (Loss) from Equity Method Investments—$16M-$18M$53M—-$9M
Income (Loss) from Equity Method Investments—$16M-$18M$53M—-$9M
Net cash from operating activities$1.3B-$546M$57M$827M$1.2B-$825M
Net income$501M$191M$239M$396M$450M$342M
Other non-cash income (expense)-$10M-$8M$0$16M-$239M-$16M
Amortization$55M$48M$55M$49M$47M$51M
Gain (Loss) on Disposition of Other Assets$51M-$2M$76M$52M$61M-$22M
Equity in earnings (losses) of equity method investees—$16M-$18M$53M—-$9M
Accrued compensation and employee benefits$731M-$859M——$716M-$844M
Increase (Decrease) in Income Taxes Receivable—$76M$178M——$3M
Increase Decrease In Receivables Prepaid Expenses And Other Assets Including Contract Assets$397M-$218M$385M$252M$463M$254M
Warehouse lines of credit-$870M$626M$254M$192M$0-$669M
Other Noncash Income (Expense)-$10M-$8M$0$16M-$239M-$16M
Payments For Origination Of Mortgage Loans Held For Sale$4.5B$2.6B$4B$4.4B$5.1B$3.7B
Other Non-cash Income and Expense-$10M-$8M$0$16M-$239M-$16M
Other Non-Cash Adjustments-$10M-$8M$0$16M-$239M-$16M
Other Non-Cash Income and Expense-$10M-$8M$0$16M-$239M-$16M
Income (Loss) from Equity Method Investments—$16M-$18M$53M—-$9M
Stock-based compensation$34M$21M$42M$47M$10M$48M

Financing

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Repayments of Lines of Credit$1.5B$132M———$0
Other, net-$246M-$167M-$81M-$35M-$238M$27M
Proceeds from (repayments of) short-term borrowings, net$175M$1.4B———$1.1B
Proceeds from Secured Long-Term Debt—$585M$1.1B$0$742M$0
Repayments of Secured Debt$9M$33M$603M$15M$19M$18M
Payment of Deferred Purchase Consideration-$246M-$167M-$81M-$35M-$238M$27M
Noncontrolling interest transactions and other-$246M-$167M-$81M-$35M-$238M$27M
Repayments of Lines of Credit$1.5B$132M———$0
Net cash from financing activities-$1.1B$1.3B———$545M
Noncontrolling Interests Activity and Other-$246M-$167M-$81M-$35M-$238M$27M
Repayments of Acquisition Credit Facilities$1.5B$132M———$0
Repurchases of common stock$517M$418M$262M$0$288M$530M
Repayments of lines of credit$1.5B$132M———$0
Proceeds from Issuance of Secured Debt—$585M$1.1B$0$742M$0

Investing

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Capital expenditures$93M$64M$74M$84M$144M$81M
Payment for (Proceeds from) Other Investing Activity-$56M-$9M-$192M-$21M—-$6M
Payments To Acquire And Develop Real Estate$177M$66M$68M$106M$150M$165M
Payments To Acquire Business Two Net Of Cash Acquired$15M$303M$8M$20M$1B$0
Payments to Acquire Interest in Joint Venture$26M$51M$34M$8M$68M$17M
Proceeds From Sale Of Mortgage Loans Held For Sale$5.3B$2B$3.8B$4.2B$5.2B$4.3B
Proceeds From Sale Of Real Estate Heldforinvestment$229M$13M———$321M
Net cash from investing activities-$20M-$462M-$5M-$197M-$963M$64M

Free Cash Flow

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Free cash flow$1.2B-$610M-$17M$743M$1.1B-$906M

Other

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Effect of exchange rate changes on cash-$108M$44M$63M——-$3M
Net increase (decrease) in cash—$292M$19M$277M$205M-$219M

Supplemental

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Interest paid$89M$102M$124M$100M$122M$98M
Deferred and/or contingent consideration$4M$27M$0$10M$146M-$2M
Income Taxes Paid, Net$116M$131M$220M$106M$142M$105M