CBRE Group CBRE Project Management — Pass-through costs

Similar metrics at other companies

EXPOCost Incurred From Reimbursable Expense

$14.49M+79.5%

MEDPReimbursed out-of-pocket expenses — Total direct costs

$312M+54.1%

VALReimbursable expenses

$33M-19.5%

ADPEmployer Services — Zero-margin benefits pass-through costs

$0—

BAHBillable Expenses

$877M-5.5%

AJGReimbursements

$42M+7.7%

Questions, answered.

What is CBRE Group's project management — pass-through costs?

CBRE Group (CBRE) reported project management — pass-through costs of $927M 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 12.1% year-over-year, from $827M to $927M.

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 9.6% compound annual growth rate (CAGR), from $3.45B to $4.14B.

What does project management — pass-through costs mean?

These are costs incurred by the company on behalf of clients, such as construction materials or subcontractor fees, which are fully reimbursed by the client. These costs are typically excluded from revenue and margin analysis to reflect true service-based performance.