Revenue from Contract with Customer, Excluding Assessed Tax

CBRE Group·Products & Services·14 segments·Rolls up to Total Revenue

Breakdown

Segment	Q2 '24	Q3 '24	Q4 '24	Q1 '25	Q2 '25	Q3 '25	Q4 '25	Q1 '26
Facilities management	$4.36B	$4.64B	$4.97B	$4.47B	$5.12B	$5.14B	$5.62B	$5.23B
Project management	$1.56B	$1.68B	$2.04B	$1.59B	$1.79B	$2.03B	$2.21B	$1.84B
Advisory leasing	$875M	$974M	$1.31B	$862M	$995M	$1.15B	$1.5B	$1.04B
Property management	$492M	$500M	$538M	$582M	$638M	$648M	$660M	$659M
Critical infrastructure	—	—	—	—	—	—	—	$578M
Advisory sales	$384M	$420M	$638M	$360M	$460M	$544M	$756M	$513M
Valuation	$184M	$178M	$223M	$183M	$196M	$194M	$242M	$200M
Investment management	$149M	$196M	$156M	$154M	$144M	$148M	$155M	$154M
Other portfolio services	—	—	—	$81M	$96M	$90M	$87M	$75M
Commercial mortgage origination	$44M	$44M	$79M	$42M	$58M	$55M	$96M	$61M
Development services	$80M	$104M	$112M	$74M	$71M	$61M	$62M	$45M
Loan servicing	$35M	$24M	$17M	$39M	$21M	$47M	$28M	$37M
Development and construction management revenues	$28.5M	$28.5M	$28.5M	—	—	—	—	—
Total	$8.39B	$9.04B	$10.4B	$8.88B	$9.75B	$10.26B	$11.63B	$10.53B

Servicing fees, Development and construction management revenues are derived from annual filings.

Facilities managementView metric

Property managementView metric

Critical infrastructureView metric

Project managementView metric

Advisory leasingView metric

Advisory salesView metric

Other portfolio servicesView metric

Commercial mortgage originationView metric

Loan servicingView metric

Investment managementView metric

Development servicesView metric

Servicing feesView metric

Development and construction management revenuesView metric