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CBRE Group CBRE Project Management — Operating expenses and allocations

Other segment segments

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$469M+9.6%
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Other financials

Income statement

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Revenue$10.5B+18.6%
Gross profit$1.9B+15.0%
Operating income$511.0M+85.1%
Net income$318.0M+95.1%
EPS (diluted)$1.07+98.1%

Balance sheet

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Cash & equivalents$1.7B+10.0%
Total debt$10.5B+25.5%
Total equity$8.5B+2.9%
Total assets$30.2B+14.4%

Cash flow

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Operating cash flow-$825.0M-51.1%
CapEx$81.0M+26.6%
Free cash flow-$906.0M-48.5%

Valuation

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Market cap$40.23B-3.0%
Enterprise value$49.08B-1.3%
P/E30.7×-7.4×
P/S-0.1×

Profitability

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Gross margin18.4%-0.9pp
Operating margin4.7%+0.7pp
Net margin3.1%+0.4pp
FCF margin2.1%-1.6pp

Returns & leverage

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Return on equity15.6%+3.5pp
Debt / equity1.2×+0.2×
Current ratio1.1×+0.1×

Where this comes from

Reported directly by CBRE Group in its filing.

Tagged under the XBRL concept us-gaap:OperatingExpenses.

The official record: CBRE Group’s 10-Q, filed April 23, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is CBRE Group's project management — operating expenses and allocations?
CBRE Group (CBRE) reported project management — operating expenses and allocations of $127M in Q1 2026.
How has CBRE Group's project management — operating expenses and allocations changed year-over-year?
CBRE Group's project management — operating expenses and allocations increased by 10.4% year-over-year, from $115M to $127M.
What is the long-term trend for CBRE Group's project management — operating expenses and allocations?
Over 2 years (2023 to 2025), CBRE Group's project management — operating expenses and allocations has grown at a 3.1% compound annual growth rate (CAGR), from $468M to $497M.
What does project management — operating expenses and allocations mean?
This metric represents the total direct costs and overhead allocations associated with delivering project management services to clients. It includes personnel costs, administrative expenses, and shared corporate service allocations necessary to support project delivery operations.