10-QPeriod: Q2 FY2026

CBRE GROUP, INC. Quarterly Report for Q2 Ended Jun 30, 2026

Filed July 29, 2026For Securities:CBRE

Summary

CBRE Group, Inc. reported strong financial performance for the six months ended June 30, 2026, with a significant increase in revenue to $21.8 billion and net income attributable to CBRE Group, Inc. stockholders of $522 million. This growth was driven by robust performance across its Advisory Services, Building Operations & Experience (BOE), and Project Management segments, signaling a healthy recovery and expansion in the commercial real estate market. The company's balance sheet remains solid, though total assets slightly decreased to $30.5 billion from $30.9 billion at the end of 2025. Liabilities also saw a slight increase. Strategic acquisitions, including Pearce and Industrious, continue to be integrated, contributing to the company's expanded service offerings and market presence. Management is focused on capital allocation through significant share repurchases, demonstrating confidence in the company's value.

Key Highlights

  • 1Revenue increased by 17.0% to $21.8 billion for the first six months of 2026 compared to the same period in 2025, driven by strong performance in Advisory Services, BOE, and Project Management segments.
  • 2Net income attributable to CBRE Group, Inc. stockholders reached $522 million for the first six months of 2026, a substantial increase from $378 million in the prior year's comparable period.
  • 3The company repurchased approximately $945 million of its common stock during the first six months of 2026, demonstrating a commitment to returning capital to shareholders and managing share count.
  • 4Operating income for the six months ended June 30, 2026, was $1.7 billion, an increase from $1.2 billion in the prior year, reflecting improved operational efficiency and revenue growth.
  • 5Total assets were $30.5 billion as of June 30, 2026, a slight decrease from $30.9 billion at December 31, 2025. Total liabilities remained stable at $21.3 billion.
  • 6The company successfully integrated recent acquisitions, including Pearce and Industrious, which are contributing to growth in the BOE segment.
  • 7Cash flow from operating activities was a net use of $687 million for the six months ended June 30, 2026, primarily due to working capital movements, while investing activities used $209 million.

Frequently Asked Questions

For the six months ended June 30, 2026, CBRE reported total revenue of $21.8 billion and net income attributable to CBRE Group, Inc. stockholders of $522 million. This represents significant year-over-year growth, with revenue up 17.0% and net income up from $378 million in the same period of 2025.

CBRE has actively managed its capital, notably through substantial share repurchases. In the first six months of 2026, the company repurchased approximately $945 million of its common stock under its authorized program, demonstrating confidence in its stock valuation and a commitment to shareholder returns.

The revenue growth of 17.0% for the first six months of 2026 was primarily driven by strong performance in the Advisory Services, Building Operations & Experience (BOE), and Project Management segments. This growth reflects a strengthening commercial real estate market and increased demand for the company's diverse service offerings, including facilities management, critical infrastructure services, and leasing and capital markets activities.

Recent acquisitions, specifically Pearce (acquired November 2025) and Industrious (acquired January 2025), have been successfully integrated and are contributing positively to CBRE's Building Operations & Experience (BOE) segment. The report notes increased depreciation and amortization expense related to intangibles from these acquisitions, which is a normal consequence of integrating new businesses.