CBRE Group CBRE Business Segments
| TTM Q1 '26 | TTM Q4 '25 | TTM Q3 '25 | TTM Q2 '25 | TTM Q1 '25 | ||
|---|---|---|---|---|---|---|
| Revenue from Contract with Customer, Excluding Assessed Tax by Business | ||||||
| Advisory Services | $9.17B+4.1% | $8.81B+4.0% | $8.47B+4.0% | $8.15B+3.2% | $7.89B+2.1% | |
| Real Estate Investments | $845M-3.9% | $879M-6.0% | $935M-8.9% | $1.03B-1.6% | $1.04B+0.5% | |
| Total Out of Scope of Topic 606 Revenue by Business | ||||||
| Advisory Services | $643M+1.7% | $632M+1.4% | $623M-2.7% | $640M+6.7% | $600M-3.1% | |
| Real Estate Investments | $5M-50.0% | $10M-33.3% | $15M0.0% | $15M-16.7% | $18M+20.0% | |
| Other income by Business | ||||||
| Advisory Services | $6M0.0% | $6M+50.0% | $4M-20.0% | $5M+150% | $2M0.0% | |
| Project Management | $1M0.0% | $1M0.0% | $1M0.0% | $1M— | $0-100% | |
| Real Estate Investments | $0— | $0— | —— | —— | —— | |
| Operating Income by Business | ||||||
| Advisory Services | $1.91B+5.3% | $1.81B+5.0% | $1.73B+5.2% | $1.64B+6.0% | $1.55B+3.1% | |
| Project Management | $583M+4.1% | $560M+1.1% | $554M+4.5% | $530M+3.7% | $511M+2.2% | |
| Real Estate Investments | $479M+47.8% | $324M+18.7% | $273M+2.2% | $267M+6.0% | $252M-3.4% | |
| Cost of revenue, excluding pass-through costs by Business | ||||||
| Advisory Services | $5.47B+4.3% | $5.25B+7.6% | $4.88B+4.1% | $4.69B— | —— | |
| Project Management | $2.56B+4.2% | $2.45B+4.2% | $2.36B+4.3% | $2.26B— | —— | |
| Real Estate Investments | $140M-13.0% | $161M-12.5% | $184M-10.2% | $205M— | —— | |
| Operating expenses and allocations by Business | ||||||
| Advisory Services | $1.91B+2.2% | $1.87B+0.7% | $1.85B+1.9% | $1.82B+0.8% | $1.8B+0.7% | |
| Project Management | $509M+2.4% | $497M+3.5% | $480M+1.5% | $473M+1.5% | $466M+6.2% | |
| Real Estate Investments | $1.18B+11.4% | $1.06B+30.0% | $816M-4.3% | $853M+1.5% | $840M-2.7% | |
| Other segment adjustments by Business | ||||||
| Advisory Services | $160M-2.4% | $164M+290% | $42M-34.4% | $64M+3.2% | $62M+26.5% | |
| Project Management | $16M-23.8% | $21M+90.9% | $11M+22.2% | $9M+28.6% | $7M+132% | |
| Real Estate Investments | $197M+4.2% | $189M+440% | $35M-38.6% | $57M+23.9% | $46M-4.2% | |
| Goodwill, Gross by Business | ||||||
| Advisory Services | $9.55B+0.7% | $9.48B-9.2% | $10.44B— | —— | —— | |
| Project Management | $5.48B0.0% | $5.48B+33.6% | $4.11B— | —— | —— | |
| Real Estate Investments | $1.69B+0.3% | $1.68B-9.3% | $1.86B— | —— | —— | |
| Reallocation by Business | ||||||
| Real Estate Investments | $0— | $0— | —— | —— | —— | |
| Acquisitions by Business | ||||||
| Advisory Services | $33M-10.8% | $37M+42.3% | $26M+271% | $7M+16.7% | $6M-25.0% | |
| Project Management | $0— | $0— | $0— | $0— | $0— | |
| Real Estate Investments | $0— | $0— | $0— | $0— | $0— | |
| Equity (loss) income from unconsolidated subsidiaries by Business | ||||||
| Advisory Services | -$2M— | $0— | $0+100% | -$9M-12.5% | -$8M0.0% | |
| Project Management | $0— | $0— | $0-100% | $1M0.0% | $1M0.0% | |
| Real Estate Investments | $47M0.0% | $47M-63.0% | $127M+38.0% | $92M-7.1% | $99M-15.4% | |
| Gain on disposition of real estate by Business | ||||||
| Advisory Services | $0— | $0— | $0— | $0— | $0— | |
| Project Management | $0— | $0— | $0— | $0— | $0— | |
| Real Estate Investments | $713M+65.0% | $432M+137% | $182M+23.0% | $148M+14.7% | $129M-9.2% | |
| Pass-through costs by Business | ||||||
| Advisory Services | $45M-8.2% | $49M-12.5% | $56M-6.7% | $60M+1.7% | $59M-3.3% | |
| Project Management | $4.24B+2.4% | $4.14B+1.5% | $4.08B+5.6% | $3.86B+4.3% | $3.7B+0.9% | |
| Real Estate Investments | $0— | $0— | $0— | $0— | $0— | |
| D&A by Business | ||||||
| Advisory Services | $240M+0.4% | $239M+1.7% | $235M+0.9% | $233M+3.1% | $226M-12.7% | |
| Project Management | $106M+1.0% | $105M-1.9% | $107M+1.9% | $105M-1.9% | $107M-3.6% | |
| Real Estate Investments | $13M+8.3% | $12M+9.1% | $11M-15.4% | $13M0.0% | $13M0.0% | |
| Revenue from Contract with Customer, Excluding Assessed Tax by Product | ||||||
| Advisory leasing | $4.67B+3.8% | $4.5B+4.2% | $4.32B+4.1% | $4.14B+3.0% | $4.02B+3.3% | |
| Advisory sales | $2.27B+7.2% | $2.12B+5.9% | $2B+6.6% | $1.88B+4.2% | $1.8B+2.0% | |
| Commercial mortgage origination | $270M+7.6% | $251M+7.3% | $234M+4.9% | $223M+6.7% | $209M+6.1% | |
| Development services | $239M-10.8% | $268M-15.7% | $318M-11.9% | $361M-2.4% | $370M-0.8% | |
| Facilities management | $21.11B+3.7% | $20.35B+3.3% | $19.69B+2.6% | $19.2B+4.1% | $18.44B+1.1% | |
| Investment management | $601M0.0% | $601M-0.2% | $602M-7.4% | $650M-0.8% | $655M+0.8% | |
| Loan servicing | $133M-1.5% | $135M+8.9% | $124M+22.8% | $101M-12.2% | $115M+3.6% | |
| Other portfolio services | $348M-1.7% | $354M-5.3% | $374M-1.6% | $380M+1.1% | $376M-3.1% | |
| Project management | $7.86B+3.2% | $7.62B+2.3% | $7.45B+4.8% | $7.11B+3.2% | $6.88B+1.1% | |
| Property management | $2.61B+3.0% | $2.53B+5.1% | $2.41B+6.6% | $2.26B+6.9% | $2.11B+7.9% | |
| Valuation | $832M+2.1% | $815M+2.4% | $796M+2.1% | $780M+1.6% | $768M+2.1% | |
| Total Out of Scope of Topic 606 Revenue by Product | ||||||
| Commercial mortgage origination | $273M+3.4% | $264M+5.6% | $250M+3.7% | $241M+11.6% | $216M-7.3% | |
| Development services | $6M-45.5% | $11M-31.3% | $16M0.0% | $16M-11.1% | $18M+20.0% | |
| Loan servicing | $370M+0.5% | $368M-1.3% | $373M-6.5% | $399M+3.9% | $384M-0.5% | |
| Revenue by Geography | ||||||
| All other countries | $12.59B+4.9% | $11.99B+4.0% | $11.54B+4.6% | $11.03B+2.9% | $10.72B+0.7% | |
| United Kingdom | $5.92B+3.7% | $5.71B+3.9% | $5.5B+3.6% | $5.31B+3.7% | $5.12B+3.0% | |
| United States | $23.66B+3.7% | $22.81B+2.5% | $22.26B+2.4% | $21.73B+4.1% | $20.87B+3.5% |
Chart any of these lines over time, or line them up against competitors.
Compare these in charts →Questions, answered.
- How does CBRE Group break its business down?
- CBRE Group (CBRE) reports revenue from contract with customer, excluding assessed tax by business across 2 parts — Advisory Services and Real Estate Investments. Each is extracted from the segment footnotes and tracked over time.
- Where does CBRE Group's segment data come from?
- Segment breakdowns are pulled from the segment footnotes in CBRE Group's SEC filings (the XBRL dimensional tags), so every line ties back to a reported figure. Switch between quarterly, annual, and TTM, or open any segment for its full history.
