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CBRE Group CBRE

CBRE Group reports $11.52B revenue for Q3 2026

Form
10-Q
Filed
Importance
Notable
  1. Revenue: $11.52 billion for the three months ended Sep 30, 2026
  2. Net income: $443 million for the three months ended Sep 30, 2026
  3. Diluted EPS: $1.52 for the three months ended Sep 30, 2026
  4. Cash and equivalents: $1.68 billion at Sep 30, 2026

Written from the 10-Q on EDGAR. AI can make mistakes. Check the filing.

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What changed since last quarter

No new risk factors or legal mentions.

Compared with the 10-Q for the period ended Jun 30, 2026.

Key numbers from the XBRL in this filing and the previous one.
This filingPreviousChange vs prior 10-Q
Revenue$11.52B$11.23B+2.6%
Operating income and margin$561M · 4.9%$365M · 3.3%+54%, margin +1.6 pts
Net income$443M$204M+117%
Operating cash flow$869M$138M+530%
Cash$1.68B$1.49B+13%

The reading, claim by claim

  1. Net income attributable to CBRE Group, Inc. was $965 million, against $741 million.
  2. Diluted income per share was $3.28, against $2.46.
  3. Gain on disposition of real estate was $184 million, against $36 million.
  4. The balance sheet shows cash and cash equivalents of $1,683 million at September 30, 2026, against $1,864 million at December 31, 2025.
  5. Total assets were $31,329 million, against $30,877 million.
  6. Long-term debt, net of current maturities, was $5,710 million, against $5,050 million.

6 of 6 claims matched the filing text.

From the filing's financial data, not stated in its text

From this 10-Q's financial data (XBRL) for the quarter ended September 30, 2026

  • The same data lists a gross margin of 17.7%, an operating margin of 4.9% and a net margin of 3.9% for the quarter.

From the filing

Item 1. Financial Statements

CBRE GROUP, INC.

CONSOLIDATED BALANCE SHEETS

(Dollars in millions, except share data) (Unaudited)
September 30, 2026December 31, 2025
ASSETS
Current Assets:
Cash and cash equivalents4$1,6834$1,8644
Restricted cash137150
Receivables, less allowance for doubtful accounts of $152 and $125 at
September 30, 2026 and December 31, 2025 , respectively9,0488,284
Warehouse receivables9451,630
Contract assets565462
Prepaid expenses422372
Income taxes receivable186175
Other current assets6795532
Total Current Assets13,66513,489
Property and equipment, net of accumulated depreciation and amortization of $2,332 and $2,137 at
September 30, 2026 and December 31, 2025 , respectively1,0751,049
Goodwill6,9927,051
Other intangible assets, net of accumulated amortization of $3,015 and $2,764 at
September 30, 2026 and December 31, 2025 , respectively2,7702,972
Operating lease assets2,18432,062
Investments in unconsolidated subsidiaries (with $480 and $421 at fair value at
September 30, 2026 and December 31, 2025 , respectively)913870
Non-current contract assets71103
Real estate under development1,048646
Non-current income taxes receivable122106
Deferred tax assets, net756697
Other assets1,7331,832
Total Assets5$31,3295$30,8775
LIABILITIES AND EQUITY
Current Liabilities:
Accounts payable and accrued expenses$5,006$4,838
Compensation and employee benefits payable1,5941,630
Accrued bonus and profit sharing1,5791,879
Operating lease liabilities331284
Contract liabilities489448
Income taxes payable76258
Warehouse lines of credit (which fund loans that U.S. Government Sponsored Enterprises have committed to purchase)93631,609
Other short-term borrowings1,199856
Current maturities of long-term debt6971
Other current liabilities399447
Total Current Liabilities11,67812,320
Long-term debt, net of current maturities65,71065,0506
Non-current operating lease liabilities2,2222,121
Non-current tax liabilities213183
Deferred tax liabilities, net229238
Other liabilities1,8001,339
Total Liabilities21,85221,251
Mezzanine Equity:
Redeemable non-controlling interests in consolidated entities461433
Equity:
CBRE Group, Inc. Stockholders' Equity:
Class A common stock; $0.01 par value; 525,000,000 shares authorized; 288,369,766 and 295,731,478 shares issued and outstanding at September 30, 2026 and December 31, 2025 , respectively33
Additional paid-in capital——
Accumulated earnings9,7839,916
Accumulated other comprehensive loss(1,114)(1,041)
Total CBRE Group, Inc. Stockholders' Equity8,6728,878
Non-controlling interests344315
Total Equity9,0169,193
Total Liabilities and Equity$31,329$30,877

The accompanying notes are an integral part of these consolidated financial statements.

CBRE GROUP, INC.

CONSOLIDATED STATEMENTS OF OPERATIONS

(Unaudited) (Dollars in millions, except share and per share data)
Three Months Ended
Nine Months Ended
September 30, 2026September 30, 202520262025
Revenue$11,517$10,221$33,270$28,813
Costs and expenses:
Cost of revenue9,3928,30427,20723,511
Operating, administrative and other1,5641,3274,5603,794
Depreciation and amortization184145556432
Total costs and expenses11,1409,77632,32327,737
Gain on disposition of real estate318436490355
Operating income5614811,4371,131
Equity income from unconsolidated subsidiaries104529950
Other income832510
Interest expense, net of interest income6250181159
Write-off of financing costs on extinguished debt———2
Income before provision for income taxes6114861,3801,030
Provision for income taxes13190311203
Net income4803961,069827
Less: Net income attributable to non-controlling interests373310486

Net income attributable to CBRE Group, Inc.1

$ 4431

$ 3631

$ 9651

$ 7411

Basic income per share:

Net income per share attributable to CBRE Group, Inc.2

$ 1.53

$ 1.22

$ 3.31

$ 2.48

Weighted-average shares outstanding for basic income per share

289,273,856

297,557,891

291,788,599

298,589,340

Diluted income per share:

Net income per share attributable to CBRE Group, Inc.

$ 1.522

$ 1.212

$ 3.282

$ 2.462

Weighted-average shares outstanding for diluted income per share

291,609,847

300,257,330

294,115,627

301,050,341

The accompanying notes are an integral part of these consolidated financial statements.

CBRE GROUP, INC.

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

(Unaudited) (Dollars in millions)
Three Months Ended
Nine Months Ended
September 30, 2026September 30, 202520262025
Net income$480$396$1,069$827
Other comprehensive income (loss):
Foreign currency translation gain (loss)4(153)(75)(134)
Other, net of tax(1)10(2)(4)
Total other comprehensive income (loss)3(143)(77)(138)
Comprehensive income483253992689
Less: Comprehensive income attributable to non-controlling interests3727100104

Comprehensive income attributable to CBRE Group, Inc.

$ 446

$ 226

$ 892

$ 585

The accompanying notes are an integral part of these consolidated financial statements.

CBRE GROUP, INC.

CONSOLIDATED STATEMENTS OF CASH FLOWS

(Unaudited) (Dollars in millions)
Nine Months Ended
September 30, 20262025
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income$1,069$827
Reconciliation of net income to net cash provided by operating activities:
Depreciation and amortization556432
Amortization of other assets149152
Net non-cash mortgage servicing rights and premiums on loan sales12(18)
Deferred income taxes(36)(69)
Stock-based compensation expense158110
Equity income from investments(99)(50)
Gain on sale of real estate assets(490)(55)
Other non-cash adjustments12043
Sale of mortgage loans10,7479,984
Origination of mortgage loans(10,045)(11,041)
Changes in:
Warehouse lines of credit(673)1,072
Receivables, prepaid expenses and other assets(1,039)(419)
Accounts payable, accrued liabilities and other liabilities2855

Accrued compensation exp

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Data on this page was fetched . The filing on SEC.gov is the record.