Business Segments · Cost of revenue, excluding pass-through costs
Project Management — Cost of revenue, excluding pass-through costs
CBRE Group Project Management — Cost of revenue, excluding pass-through costs increased by 1.9% to $651.00M in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 19.0%, from $547.00M to $651.00M. This increase may warrant attention — for this metric, lower values are generally preferred.
Analysis
StatementSegment
CategoryProfitability
SignalLower is better
VolatilityModerate
First reportedQ1 2023
Last reportedQ1 2026
How to read this metric
Lower costs relative to revenue indicate improved operational efficiency and higher service margins.
Detailed definition
This metric represents the direct costs associated with delivering project management services, excluding reimbursed pas...
Peer comparison
Key metric for comparing the true operational margin of service-based businesses across the industry.
Metric ID:
cbre_segment_project_management_cost_of_revenue_excluding_pass_through_costsHistorical Data
8 periods
| Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q3 '24 | Q1 '25 | Q3 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|
| Value | $495.25M | $495.25M | $495.25M | $495.25M | $541.00M | $547.00M | $639.00M | $651.00M |
| QoQ Change | — | +0.0% | +0.0% | +0.0% | +9.2% | +1.1% | +16.8% | +1.9% |
| YoY Change | — | — | — | — | +9.2% | — | +18.1% | +19.0% |
Range$495.25M – $651.00M
CAGR+16.9%
Avg YoY Growth+15.5%
Median YoY Growth+18.1%
Current Streak7+ quarters growth
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Frequently Asked Questions
- What is CBRE Group's project management — cost of revenue, excluding pass-through costs?
- CBRE Group (CBRE) reported project management — cost of revenue, excluding pass-through costs of $651.00M in Q1 2026.
- How has CBRE Group's project management — cost of revenue, excluding pass-through costs changed year-over-year?
- CBRE Group's project management — cost of revenue, excluding pass-through costs increased by 19.0% year-over-year, from $547.00M to $651.00M.
- What does project management — cost of revenue, excluding pass-through costs mean?
- The actual costs of providing project management services, excluding expenses paid back by clients.