CBRE Group Advisory Services — Pass-through costs decreased by 33.3% to $8.00M in Q1 2026 compared to the prior quarter. Year-over-year, this metric declined by 33.3%, from $12.00M to $8.00M. Over 3 years (FY 2022 to FY 2025), Advisory Services — Pass-through costs shows a downward trend with a -11.4% CAGR.
High pass-through costs indicate a business model heavily reliant on managing third-party vendors or large-scale project execution.
Expenses incurred by the Advisory Services segment that are directly reimbursed by clients, such as third-party vendor p...
Common in property management and professional services firms that act as agents for clients.
cbre_segment_advisory_services_pass_through_costs| Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | 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 | $18.00M | $18.00M | $18.00M | $18.00M | $22.00M | $22.00M | $22.00M | $22.00M | $14.00M | $12.00M | $17.00M | $56.00M | $12.00M | $13.00M | $13.00M | $12.00M | $8.00M |
| QoQ Change | — | +0.0% | +0.0% | +0.0% | +22.2% | +0.0% | +0.0% | +0.0% | -36.4% | -14.3% | +41.7% | +229.4% | -78.6% | +8.3% | +0.0% | -7.7% | -33.3% |
| YoY Change | — | — | — | — | +22.2% | +22.2% | +22.2% | +22.2% | -36.4% | -45.5% | -22.7% | +154.5% | -14.3% | +8.3% | -23.5% | -78.6% | -33.3% |