CBRE Group CBRE Business Segments
| FY'25 | FY'24 | FY'23 | FY'22 | ||
|---|---|---|---|---|---|
| Revenue from Contract with Customer, Excluding Assessed Tax by Business | |||||
| Advisory Services | $8.81B+13.9% | $7.73B+11.9% | $6.91B-30.1% | $9.88B+3.2% | |
| Real Estate Investments | $879M-15.3% | $1.04B+9.1% | $951M-14.3% | $1.11B+1.6% | |
| Total Out of Scope of Topic 606 Revenue by Business | |||||
| Advisory Services | $632M+2.1% | $619M+44.0% | $430M-20.8% | $543M-16.5% | |
| Real Estate Investments | $10M-33.3% | $15M0.0% | $15M-86.5% | $111M-24.0% | |
| Other income by Business | |||||
| Advisory Services | $6M+200% | $2M-94.7% | $38M+3,700% | $1M— | |
| Project Management | $1M-50.0% | $2M0.0% | $2M— | —— | |
| Real Estate Investments | $0— | —— | $0+100% | -$1M— | |
| Operating Income by Business | |||||
| Advisory Services | $1.81B+20.7% | $1.5B+22.4% | $1.23B-35.8% | $1.91B-7.4% | |
| Project Management | $560M+12.0% | $500M+16.6% | $429M— | —— | |
| Real Estate Investments | $324M+24.1% | $261M+9.2% | $239M-53.9% | $518M-0.4% | |
| Cost of revenue, excluding pass-through costs by Business | |||||
| Advisory Services | $5.25B— | —— | $3.95B— | —— | |
| Project Management | $2.45B— | —— | $1.98B— | —— | |
| Real Estate Investments | $161M— | —— | $186M— | —— | |
| Operating expenses and allocations by Business | |||||
| Advisory Services | $1.87B+4.1% | $1.79B+1.3% | $1.77B-13.9% | $2.06B— | |
| Project Management | $497M+13.2% | $439M-6.2% | $468M— | —— | |
| Real Estate Investments | $1.06B+22.9% | $863M+10.1% | $784M-27.5% | $1.08B— | |
| Other segment adjustments by Business | |||||
| Advisory Services | $164M+235% | $49M+11.4% | $44M-4.3% | $46M— | |
| Project Management | $21M+195% | -$22M-210% | $20M— | —— | |
| Real Estate Investments | $189M+294% | $48M+243% | $14M-92.6% | $189M— | |
| Goodwill, Gross by Business | |||||
| Advisory Services | $9.48B— | —— | —— | —— | |
| Project Management | $5.48B— | —— | —— | —— | |
| Real Estate Investments | $1.68B— | —— | —— | —— | |
| Reallocation by Business | |||||
| Real Estate Investments | $0— | —— | —— | —— | |
| Acquisitions by Business | |||||
| Advisory Services | $37M+363% | $8M— | —— | —— | |
| Project Management | $0— | $0— | —— | —— | |
| Real Estate Investments | $0— | $0— | —— | —— | |
| Equity (loss) income from unconsolidated subsidiaries by Business | |||||
| Advisory Services | $0+100% | -$8M-500% | $2M-86.7% | $15M-40.0% | |
| Project Management | $0-100% | $1M0.0% | $1M— | —— | |
| Real Estate Investments | $47M-59.8% | $117M-45.8% | $216M-43.2% | $380M-31.5% | |
| Gain on disposition of real estate by Business | |||||
| Advisory Services | $0— | $0— | $0— | $0— | |
| Project Management | $0— | $0— | $0— | —— | |
| Real Estate Investments | $432M+204% | $142M+426% | $27M-88.9% | $244M— | |
| Pass-through costs by Business | |||||
| Advisory Services | $49M-19.7% | $61M+22.0% | $50M-30.6% | $72M— | |
| Project Management | $4.14B+12.7% | $3.67B+6.5% | $3.45B— | —— | |
| Real Estate Investments | $0— | $0— | $0— | $0— | |
| D&A by Business | |||||
| Advisory Services | $239M-7.7% | $259M-4.8% | $272M-12.5% | $311M0.0% | |
| Project Management | $105M-5.4% | $111M-8.3% | $121M— | —— | |
| Real Estate Investments | $12M-7.7% | $13M-13.3% | $15M-6.3% | $16M-40.7% | |
| Revenue from Contract with Customer, Excluding Assessed Tax by Product | |||||
| Advisory leasing | $4.5B+15.5% | $3.9B+12.3% | $3.47B-10.5% | $3.88B+17.1% | |
| Advisory sales | $2.12B+20.0% | $1.77B+10.0% | $1.61B-36.3% | $2.52B-9.6% | |
| Commercial mortgage origination | $251M+27.4% | $197M+43.8% | $137M-50.0% | $274M-12.7% | |
| Development services | $268M-28.2% | $373M+8.1% | $345M-14.6% | $404M+3.6% | |
| Facilities management | $20.35B+11.6% | $18.23B+13.0% | $16.13B+6.1% | $15.2B+7.3% | |
| Investment management | $601M-7.5% | $650M+10.0% | $591M-0.7% | $595M+7.0% | |
| Loan servicing | $135M+21.6% | $111M-35.8% | $173M+204% | $57M+32.6% | |
| Other portfolio services | $354M-8.8% | $388M+3.2% | $376M— | —— | |
| Project management | $7.62B+11.9% | $6.81B+8.1% | $6.3B+35.5% | $4.65B+58.6% | |
| Property management | $2.53B+29.1% | $1.96B+18.0% | $1.66B-9.3% | $1.83B+6.6% | |
| Valuation | $815M+8.4% | $752M+4.9% | $717M-6.3% | $765M+4.4% | |
| Revenue by Product | |||||
| Development and construction management revenues | $98M-14.0% | $114M-30.9% | $165M+11.5% | $148M+41.9% | |
| Servicing fees | $357M+8.5% | $329M+4.4% | $315M+1.9% | $309M+7.3% | |
| Total Out of Scope of Topic 606 Revenue by Product | |||||
| Commercial mortgage origination | $264M+13.3% | $233M+33.1% | $175M-39.4% | $289M-25.5% | |
| Development services | $11M-26.7% | $15M0.0% | $15M-86.5% | $111M-24.0% | |
| Loan servicing | $368M-4.7% | $386M+44.6% | $267M+5.1% | $254M-3.1% | |
| Revenue by Geography | |||||
| All other countries | $11.99B+12.8% | $10.64B+5.3% | $10.1B+8.8% | $9.28B+10.1% | |
| United Kingdom | $5.71B+14.9% | $4.97B+13.1% | $4.39B+7.5% | $4.08B+12.9% | |
| United States | $22.81B+13.1% | $20.16B+15.5% | $17.46B0.0% | $17.46B+11.2% |
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.
