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CBRE Group (CBRE) stock

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NYSE: CBRE NYSE Real Estate Services Next results ~January 18, 2027

B+ Fundamentals grade

CBRE Group is a commercial real estate services company. Through its Advisory Services arm it handles property leasing, sales, mortgage origination, loan servicing and valuation. Its Building Operations & Experience division supplies outsourced facilities management, property management and flexible-workplace solutions, while a separate Project Management unit—combined with majority-owned subsidiary Turner & Townsend—offers programme management, project management and cost consultancy across property, infrastructure and natural resources. The Real Estate Investments segment acts as a developer, investor and operator, running investment management and development services.

Its customers are the occupiers and owners of real estate. CBRE earns money from recurring, resilient sources such as facilities and project management fees, loan servicing and investment management charges, and from transactional sources including sales and leasing commissions, mortgage origination and development fees; some client costs are reimbursed as pass-through revenue.

The firm reports four segments plus Corporate and Other, and sells across the United States, EMEA, the United Kingdom, APAC and the Middle East. At the end of 2025 its assets under management stood at $155.5 billion.

Based on CBRE Group's 10-K filed February 12, 2026.

Stock price today

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Third-party market data · may be delayed

Model estimate per share

~$61

Valuation models combined (4)

Base case. Range ~$45–$100. Weighted average of 4 models (growth cash-flow model, forward price-to-earnings vs peers, residual income, justified price-to-book), the growth cash-flow model counting double.

Price vs value

No Buy/Hold/Sell rating is issued: valued with our growth model, which doesn't carry a Buy/Hold/Sell rating yet.

CBRE Group valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

  • Insiders0 buying, 3 selling0 purchases and 9 sales by directors and officers, last 12 monthsInsider trades
  • Funds502 adding, 519 cuttingOf 98 active managers that changed their stake, 50 added; quarter to June 30, 2026Fund buyers and sellers

Value diary

Our note on each quarter CBRE Group files

10-Q filed October 22: CBRE

Model value +1.4%

Revenue for the twelve months to September 2026 reached $45.0bn, a gain of 14.8% on a year earlier and broadly in line with the pace recorded a quarter before. The diluted share count has fallen 2.3% over the same period, lifting the claim attached to each remaining share. On the back of this, our fundamentals grade moves up a notch, from C to C+. Our model value edges higher as well, rising from $54.32 to $55.09 a share. That estimate sits well below the current share price of $131.

Source: 10-Q filed October 22, 2026 on SEC EDGAR · Financials · Valuation

Earlier notes (1)

Where CBRE stands after its latest 10-Q

Revenue for the twelve months to June 2026 was $43.6bn, up 14.7% on a year earlier, about the same pace as a quarter earlier. The diluted share count is down 2.3% on a year earlier, which lifts each remaining share. Our valuation models combined value is $54.84 a share, against a share price of $135.

10-Q on SEC EDGAR

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~January 18, 2027 (estimated)

CBRE Group's trailing-twelve-month revenue grew 14.8% year on year, with a free-cash-flow margin of 2.1%. Where it stands out: change in share count of -2.3% ranks 1 of 20 real estate services companies we cover.

Current signal Free cash flow diverging from earnings: TTM free cash flow fell 31.2% while net income grew 12.5%: a 44pp divergence.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • Shrinking share count. Diluted shares fell 2.3% in a year, so each share owns more of the business.
  • Beating expectations. Earnings per share beat the analysts' consensus estimate in each of the last four quarters.

Things to watch

  • Weak cash conversion. Free cash flow was 68% of net income over the last 12 months.

Latest results: FY2026 Q3

Filed October 22, 2026
Earnings per share
$2.05 against an average estimate of $1.95: beat by 5.0%
Revenue
$11.52bn, up 12.7% on a year earlier
Share reaction
-8.4% in the first session after the results on October 22, 2026, against -1.7% for the S&P 500
Next report
October 22, 2026; average EPS estimate $2.64

CBRE Group's figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day+6.1%
  • 1 week+11.3%
  • 1 month+5.5%
  • This year-15.0%
  • 1 year-10.3%
  • 5 years+30.5%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

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Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$45B
Operating margin
4.6%
Net margin
3.1%
EPS (TTM, diluted)
$4.67

Growth

Revenue growth
+14.8%
Change in growth rate
−0.2 pts
Share count change
−2.3%

Earnings

Last results
October 22, 2026
Next results (est.)
January 18, 2027

News & updates

Updated October 31, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Agreement
  2. Financing
  3. Our research
  4. Results
  5. Deal
  6. Announcement
  7. Results

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

CBRE Group valuation models and calculator

Fundamentalytics rating

model v1.6 · 2026-11-03

Not rated: valued with our growth model, which doesn't carry a Buy/Hold/Sell rating yet.

Valuation models

We value CBRE Group as an operating company, with every model that fits that kind of business. Cost of equity 9.4%: the 10-year Treasury yield (4.9%) plus a beta of 1 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Growth cash-flow model Revenue for this year and next from analysts' consensus, then growth fading to 2.5%; the operating margin moving to profitable peers'; investment needed per dollar of growth from peers; reduced by a failure probability. For young or fast-growing companies. The starting margin is normalized to between -100% and 60%; net margin is a proxy when operating income is not tagged. Uses analysts' consensus estimates (third-party data), not our forecasts. ~$45 ~$28–$54 Primary model, counts double
Forward price-to-earnings vs peers Next year's consensus earnings per share times peers' typical (harmonic-mean) forward price-to-earnings. Uses analysts' consensus estimates (third-party data), not our forecasts. ~$100 ~$97–$130 Included
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. ~$61 ~$41–$90 Included
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. ~$56 ~$49–$67 Included
Forward price-to-sales vs peers Next year's consensus sales per share times peers' typical forward price-to-sales; only when earnings are negative. Uses analysts' consensus estimates (third-party data), not our forecasts. — Does not apply: earnings are positive: price-to-earnings is the better measure
Revenue-to-maturity model Revenue grown to maturity with the cash margin moving to the industry's; for companies not yet profitable. — Does not apply: revenue and margins don't support a positive value
Combined value Weighted average of the models that apply: the primary model (growth cash-flow model) counts double. Models more than 5x or less than 0.2x the share price, or more than 3x away from the other models' median, are left out. ~$61 ~$45–$100 4 models

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare CBRE Group with Real Estate Services in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

Moat

52 /100

Moderate moat

How hard CBRE Group's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 9 / 20

    Net income has been a median 6.5% of total assets over 10 years.

  • Pricing power 8 / 20

    Gross margin has been a median 20.1%, moving by 1.6 percentage points (standard deviation) across 9 years.

  • Durability 8 / 20

    Operating margin has been a median 4.8%; its worst year was 2.7%.

  • Cash conversion 12 / 20

    Free cash flow was positive in 10 of 10 years, at a median 3.6% of revenue.

  • Discipline 20 / 20

    The diluted share count fell 13.0% over five years; stock-based pay has been a median 0.5% of revenue.

AI disruption exposure: Medium. In this industry, AI could change how the product is made or sold, without replacing the core asset. The score above includes a 5-point deduction for that exposure (57 before it).

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current $7.84 +23% $46.6bn +15%
Next $8.86 +13% $51.6bn +11%

Next year's EPS estimate has moved −0.3% in 90 days, across 10 analysts.

How the EPS forecast has moved

The consensus EPS forecast for the current fiscal year is +1.3% on 90 days ago. In the last 30 days, 10 analysts raised CBRE Group's forecast and 1 cut it.

Consensus EPS forecast CBRE Group, last 90 days
$7.50 $8.00 $8.50 $9.00 $9.50 90 days ago 60 days ago 30 days ago 7 days ago Now Current fiscal year, 90 days ago: $7.73 Current fiscal year, 60 days ago: $7.80 Current fiscal year, 30 days ago: $7.81 Current fiscal year, 7 days ago: $7.79 Current fiscal year, Now: $7.84 $7.84 Next fiscal year, 90 days ago: $8.88 Next fiscal year, 60 days ago: $9.08 Next fiscal year, 30 days ago: $9.10 Next fiscal year, 7 days ago: $8.99 Next fiscal year, Now: $8.86 $8.86

Average of analysts' published estimates (third-party data).

View chart data
Period Current fiscal yearNext fiscal year
90 days ago $7.73$8.88
60 days ago $7.80$9.08
30 days ago $7.81$9.10
7 days ago $7.79$8.99
Now $7.84$8.86

Earnings against estimates

Quarter toEstimateActualSurprise
Sept 2026 $1.95 $2.05 +5.0%
Jun 2026 $1.47 $1.56 +5.8%
Mar 2026 $1.13 $1.61 +42.0%
Dec 2025 $2.68 $2.73 +2.0%

Adjusted EPS as companies report it, against the average analyst estimate.

Management guidance

Earnings release, October 22, 2026

No numeric guidance in CBRE Group's latest earnings release (filed October 22, 2026). Some companies give their outlook only on the earnings call.

Analyst recommendations

13 analysts, Oct 2026
Buy1292%
Hold18%
Sell00%

Monthly trend

  1. Oct 202657113
  2. Sep 202657113
  3. Aug 202657113
  4. Jul 202657113

Counts of recommendations published by analysts covering CBRE Group, by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
1.5%
of tradable shares
Days to cover
1.95
at average volume
Short interest, 1 month
+2%
to October 15, 2026
Held by institutions
—
of shares
Held by insiders
0.5%
of shares
Employees
155,000
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

What moved the share price

Last 12 months −10.3%

$152.43 on October 31, 2025 to $136.75

ThenNowEffect
Revenue (last 12 months) $38.0bn $43.7bn +14.9%
Net margin 2.9% 3.0% +3.9%
P/E multiple 42.6x 31.3x −26.5%
Share count 305m 298m +2.3%

Biggest factor: p/e multiple.

Last 3 years +79.9%

$76.01 on November 3, 2023 to $136.75

ThenNowEffect
Revenue (last 12 months) $30.9bn $43.7bn +41.7%
Net margin 2.7% 3.0% +8.6%
P/E multiple 28.6x 31.3x +9.3%
Share count 318m 298m +6.9%

Biggest factor: revenue.

The effects multiply back to the price change exactly. Results are the last 12 months as known on each date (filings assumed public 45 days after quarter end).

Return and risk by year

Calendar year 202120222023202420252026 to date
Return
CBRE+73%−29%+21%+41%+23%−15%
Industry peers (median)+41%−53%+31%+8%−8%−43%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
CBRE67%25%58%75%50%55%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
CBRE−11%−39%−27%−14%−23%−29%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since November 2, 2015: 54% from February 10, 2020 to March 23, 2020. Getting back needed a 115% gain, reached on December 4, 2020, 256 days after the low.

Price behaviour

52-week range
$121.65 – $171.61
From 52-week high
−20.3%
vs 50-day average
+0.5%
vs 200-day average
−3.4%
Volatility (1 year)
35%
Beta vs S&P 500
0.88

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
6 up, 6 down
typical move ±4.7%
After a week
7 up, 5 down
typical move ±6.0%
After a month
5 up, 6 down
typical move ±8.7%
Results releasedNext dayS&P 500 next day5 days21 days
October 22, 2026 −8.4% −1.7% −4.5% —
July 29, 2026 +1.6% +0.1% +2.8% +0.1%
April 23, 2026 −3.4% +0.4% −7.0% −14.6%
February 12, 2026 −4.8% −1.5% −1.7% −9.6%
October 23, 2025 −0.5% +1.4% −6.6% −4.3%
July 29, 2025 +7.4% −0.4% +6.8% +11.2%
April 24, 2025 −1.1% +2.8% +1.2% −0.8%
February 13, 2025 +2.2% +1.1% −3.5% −8.5%
January 14, 2025 +6.3% +2.0% +12.9% +15.8%
October 24, 2024 +7.7% +0.2% +6.4% +10.0%
July 25, 2024 +12.5% +0.6% +14.3% +19.1%
May 3, 2024 −0.5% +2.3% +4.0% −1.3%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

CBRE Group in five measures

Fundamentals grade B+
Growth Profitability Cash Balance sheet

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) CBRE Group
$30B $35B $40B $45B $50B FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Revenue (TTM), FY23 Q4: $31.9B Revenue (TTM), FY24 Q1: $32.5B Revenue (TTM), FY24 Q2: $33.1B Revenue (TTM), FY24 Q3: $34.3B Revenue (TTM), FY24 Q4: $35.8B Revenue (TTM), FY25 Q1: $36.7B Revenue (TTM), FY25 Q2: $38B Revenue (TTM), FY25 Q3: $39.2B Revenue (TTM), FY25 Q4: $40.6B Revenue (TTM), FY26 Q1: $42.2B Revenue (TTM), FY26 Q2: $43.7B Revenue (TTM), FY26 Q3: $45B $45B

Source: SEC EDGAR filings. Retrieved October 23, 2026.

View chart data
Period Revenue (TTM)
FY23 Q4 $31.9B
FY24 Q1 $32.5B
FY24 Q2 $33.1B
FY24 Q3 $34.3B
FY24 Q4 $35.8B
FY25 Q1 $36.7B
FY25 Q2 $38B
FY25 Q3 $39.2B
FY25 Q4 $40.6B
FY26 Q1 $42.2B
FY26 Q2 $43.7B
FY26 Q3 $45B
Revenue growth, TTM YoY CBRE Group
0% 5% 10% 15% FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Revenue growth, TTM YoY, FY23 Q4: 3.6% Revenue growth, TTM YoY, FY24 Q1: 5.1% Revenue growth, TTM YoY, FY24 Q2: 7.4% Revenue growth, TTM YoY, FY24 Q3: 10.0% Revenue growth, TTM YoY, FY24 Q4: 11.9% Revenue growth, TTM YoY, FY25 Q1: 13.0% Revenue growth, TTM YoY, FY25 Q2: 14.7% Revenue growth, TTM YoY, FY25 Q3: 14.3% Revenue growth, TTM YoY, FY25 Q4: 13.4% Revenue growth, TTM YoY, FY26 Q1: 15.0% Revenue growth, TTM YoY, FY26 Q2: 14.9% Revenue growth, TTM YoY, FY26 Q3: 14.8% 14.8%

Source: SEC EDGAR filings. Retrieved October 23, 2026.

View chart data
Period Revenue growth, TTM YoY
FY23 Q4 3.6%
FY24 Q1 5.1%
FY24 Q2 7.4%
FY24 Q3 10.0%
FY24 Q4 11.9%
FY25 Q1 13.0%
FY25 Q2 14.7%
FY25 Q3 14.3%
FY25 Q4 13.4%
FY26 Q1 15.0%
FY26 Q2 14.9%
FY26 Q3 14.8%
Operating margin (TTM) CBRE Group
3% 3.5% 4% 4.5% 5% FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Operating margin (TTM), FY23 Q4: 3.5% Operating margin (TTM), FY24 Q1: 4.0% Operating margin (TTM), FY24 Q2: 3.7% Operating margin (TTM), FY24 Q3: 3.9% Operating margin (TTM), FY24 Q4: 3.9% Operating margin (TTM), FY25 Q1: 4.0% Operating margin (TTM), FY25 Q2: 4.2% Operating margin (TTM), FY25 Q3: 4.4% Operating margin (TTM), FY25 Q4: 4.3% Operating margin (TTM), FY26 Q1: 4.7% Operating margin (TTM), FY26 Q2: 4.5% Operating margin (TTM), FY26 Q3: 4.6% 4.6%

Source: SEC EDGAR filings. Retrieved October 23, 2026.

View chart data
Period Operating margin (TTM)
FY23 Q4 3.5%
FY24 Q1 4.0%
FY24 Q2 3.7%
FY24 Q3 3.9%
FY24 Q4 3.9%
FY25 Q1 4.0%
FY25 Q2 4.2%
FY25 Q3 4.4%
FY25 Q4 4.3%
FY26 Q1 4.7%
FY26 Q2 4.5%
FY26 Q3 4.6%
FCF margin (TTM) CBRE Group
0% 1% 2% 3% 4% FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 FCF margin (TTM), FY23 Q4: 0.5% FCF margin (TTM), FY24 Q1: 1.3% FCF margin (TTM), FY24 Q2: 2.2% FCF margin (TTM), FY24 Q3: 2.7% FCF margin (TTM), FY24 Q4: 3.9% FCF margin (TTM), FY25 Q1: 3.7% FCF margin (TTM), FY25 Q2: 2.9% FCF margin (TTM), FY25 Q3: 3.5% FCF margin (TTM), FY25 Q4: 2.9% FCF margin (TTM), FY26 Q1: 2.1% FCF margin (TTM), FY26 Q2: 2.1% FCF margin (TTM), FY26 Q3: 2.1% 2.1%

Source: SEC EDGAR filings. Retrieved October 23, 2026.

View chart data
Period FCF margin (TTM)
FY23 Q4 0.5%
FY24 Q1 1.3%
FY24 Q2 2.2%
FY24 Q3 2.7%
FY24 Q4 3.9%
FY25 Q1 3.7%
FY25 Q2 2.9%
FY25 Q3 3.5%
FY25 Q4 2.9%
FY26 Q1 2.1%
FY26 Q2 2.1%
FY26 Q3 2.1%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-Q. Generated November 3, 2026. Definitions in our methodology.

Financial statements

US$ billions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2009 Dec 2009 2010 Dec 2010 2011 Dec 2011 2012 Dec 2012 2013 Dec 2013 2014 Dec 2014 2015 Dec 2015 2016 Dec 2016 2017 Dec 2017 2018 Dec 2018 2019 Dec 2019 2020 Dec 2020 2021 Dec 2021 2022 Dec 2022 2023 Dec 2023 2024 Dec 2024 2025 Dec 2025 LTM Sept 2026
Income
Revenue 4.2 5.1 5.9 6.5 7.2 9.0 10.9 17.4 18.6 21.3 23.9 23.8 27.7 30.8 31.9 35.8 40.6 45.0
Gross profit — — — — — — 10.8 17.3 4.3 4.9 5.2 4.8 6.2 6.6 6.3 7.0 7.6 8.3
EBITDA 0.3 0.6 0.6 0.8 0.8 1.1 1.2 1.2 1.5 1.5 1.7 1.5 2.2 2.1 1.7 2.1 2.5 2.9
Operating income 0.2 0.4 0.5 0.6 0.6 0.8 0.8 0.8 1.1 1.1 1.3 1.0 1.6 1.5 1.1 1.4 1.8 2.1
Net income 0.0 0.2 0.2 0.3 0.3 0.5 0.5 0.6 0.7 1.1 1.3 0.8 1.8 1.4 1.0 1.0 1.2 1.4
Diluted EPS $0.12 $0.63 $0.74 $0.97 $0.95 $1.45 $1.63 $1.69 $2.05 $3.10 $3.77 $2.22 $5.41 $4.29 $3.15 $3.14 $3.85 $4.67
Growth (year on year)
Revenue −18.8% +22.8% +15.4% +10.3% +10.3% +26.0% +20.0% +60.0% +7.3% +14.6% +12.0% −0.3% +16.5% +11.1% +3.6% +12.0% +13.4% +14.8%
EBITDA — +62.5% +4.3% +30.4% +6.9% +31.1% +8.8% +2.9% +25.4% +3.7% +10.3% −13.4% +47.0% −1.8% −18.2% +20.0% +18.9% +24.8%
Operating income — +84.6% +3.7% +26.4% +5.3% +28.6% +5.5% −2.3% +32.1% +0.9% +15.8% −23.0% +68.8% −7.6% −26.1% +26.5% +24.1% +19.4%
Net income — — +19.4% +31.9% +0.3% +53.1% +12.9% +4.7% +21.6% +52.5% +20.6% −41.4% +144.3% −23.4% −29.9% −1.8% +19.5% +12.5%
Diluted EPS — — +17.5% +31.1% −2.1% +52.6% +12.4% +3.7% +21.3% +51.2% +21.6% −41.1% +143.7% −20.7% −26.6% −0.3% +22.6% +15.1%
Margins
Gross margin — — — — — — 99.6% 99.5% 23.2% 22.9% 21.8% 20.1% 22.2% 21.4% 19.6% 19.4% 18.7% 18.5%
EBITDA margin 8.2% 10.8% 9.8% 11.6% 11.2% 11.7% 10.6% 6.8% 8.0% 7.2% 7.1% 6.2% 7.8% 6.9% 5.4% 5.8% 6.1% 6.5%
Operating margin 5.8% 8.7% 7.8% 9.0% 8.6% 8.8% 7.7% 4.7% 5.8% 5.1% 5.3% 4.1% 5.9% 4.9% 3.5% 4.0% 4.3% 4.6%
Net margin 0.8% 3.9% 4.0% 4.8% 4.4% 5.4% 5.0% 3.3% 3.7% 5.0% 5.4% 3.2% 6.6% 4.6% 3.1% 2.7% 2.9% 3.1%
Free-cash-flow margin 4.5% 10.7% 3.6% 2.2% 8.2% 5.4% 4.7% 2.5% 3.8% 4.2% 3.9% 6.6% 7.8% 4.4% 0.5% 3.9% 2.9% 2.1%
Cash flow
Cash from operations 0.2 0.6 0.4 0.3 0.7 0.7 0.7 0.6 0.9 1.1 1.2 1.8 2.4 1.6 0.5 1.7 1.6 1.4
Capital spending 0.0 0.1 0.1 0.2 0.2 0.2 0.1 0.2 0.2 0.2 0.3 0.3 0.2 0.3 0.3 0.3 0.4 0.5
Free cash flow 0.2 0.5 0.2 0.1 0.6 0.5 0.5 0.4 0.7 0.9 0.9 1.6 2.2 1.4 0.2 1.4 1.2 0.9
Stock-based pay 0.0 0.0 0.0 0.1 0.0 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.2 0.2 0.1 0.1 0.1 0.2
Free cash flow after stock pay 0.1 0.5 0.2 0.1 0.5 0.4 0.4 0.4 0.6 0.8 0.8 1.5 2.0 1.2 0.1 1.3 1.1 0.8
Balance sheet
Cash 0.7 0.5 1.1 1.1 0.5 0.7 0.5 0.8 0.8 0.8 1.0 1.9 2.4 1.3 1.3 1.1 1.9 1.7
Total debt 2.5 1.9 3.2 3.5 2.4 2.4 4.5 3.8 2.9 3.1 2.7 2.8 2.8 2.2 3.5 4.2 7.6 7.9
Net debt (negative = net cash) 1.7 1.4 2.1 2.4 1.9 1.6 3.9 3.1 2.2 2.3 1.8 0.9 0.4 0.9 2.2 3.1 5.7 6.2
Diluted shares 280m 319m 324m 327m 332m 334m 336m 338m 341m 343m 341m 338m 340m 328m 313m 308m 301m 296m
Returned to shareholders
Buybacks — — — — −0.0 — — — — 0.2 0.1 0.1 0.4 1.9 0.7 0.6 1.0 1.4
Total returned — — — — −0.0 — — — — 0.2 0.1 0.1 0.4 1.9 0.7 0.6 1.0 1.4

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Dividends, buybacks and capital spending

FY2026 Q3 TTM
Buybacks (TTM)
$1.4B
Returned to shareholders
154%
of free cash flow
Buybacks, last 3 fiscal years
$2.3B
Diluted share count
−2.3%
year over year
Total shareholder yield
3.7%
dividends 0.0% + buybacks 3.7% of market value
Days sales outstanding
73 days
receivables vs revenue

Competitors: side by side with peers

Closest by revenue in real estate services
Last 12 months unless stated CBRE JLL BEKE COMP CIGI FSV Median
Revenue, last 12 months $45.0bn $28.2bn $13.2bn $10.6bn $5.6bn $5.5bn $2.2bn
Revenue growth, last 12 months 14.8% 11.4% 1.3% 67.8% 15.3% 5.4% 6.7%
Revenue growth, 3-year average 13.0% 11.2% — 27.8% 62.0% 74.3% 13.0%
Revenue growth, latest quarter 12.7% 11.8% — 109.0% — — 12.7%
Gross margin 18.5% — 21.4% — — — 18.5%
Operating margin 4.6% 4.9% 2.2% −2.6% 6.7% 6.1% 0.8%
Operating margin, 3-year average 4.3% 4.1% — −2.7% 3.6% 6.2% −2.7%
Net margin 3.1% 3.9% 3.2% 0.6% 1.9% 2.6% 1.8%
Cash from operations / revenue 3.1% 4.8% −0.4% 1.5% 5.9% 8.1% 1.8%
Free-cash-flow margin 2.1% 4.0% −1.0% 1.2% 4.5% 5.8% 1.5%
Free-cash-flow margin, 3-year average 2.7% 2.9% — 1.3% 5.9% 4.6% 2.9%
Stock pay / revenue 0.4% 0.0% 2.0% 2.5% 1.0% 0.5% 0.9%
Change in share count −2.3% −2.0% −1.8% 29.1% 1.8% 1.0% 1.6%

Median of all 22 companies we cover in real estate services. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

22 real estate services companies
Measure Company Peer median Rank
Revenue growth Growth 14.8% 8.1% 8 of 22
Change in growth rate Growth -0.2pp -0.2pp 11 of 22
Operating margin Profitability 4.6% 1.2% 8 of 22
Net margin Profitability 3.1% 1.8% 6 of 21
Stock pay as % of revenue Cash generation 0.4% 1.0% 6 of 21
Long-term debt as % of assets Balance sheet 18.2% 18.2% 8 of 14
Change in share count Balance sheet -2.3% 1.8% 1 of 20

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Where the revenue comes from

Fiscal year to December 31, 2025
Products and services
Line of business Revenue Share YoY
Facilities Management $20.6B 51.3% ▲ 13.2%
Project Management $7.7B 19.0% ▲ 12.5%
Advisory Leasing $4.5B 11.2% ▲ 15.5%
Property Management $2.5B 6.3% ▲ 29.1%
Advisory Sales $2.1B 5.3% ▲ 20.0%
Valuation $815M 2.0% ▲ 8.5%
Investment Management Property Management Brokerage and Other Professional Services $602M 1.5% ▼ 7.4%
Bank Servicing $357M 0.9% ▲ 8.5%
Other Portfolio Services $354M 0.9% ▼ 9.0%
Real Estate Development Services $266M 0.7% ▼ 28.7%
Commercial Mortgage Origination $251M 0.6% ▲ 28.1%
Loan Servicing $164M 0.4% ▲ 2.5%
Geography
Region Revenue Share YoY
United States $22.8B 56.3% ▲ 13.3%
All Other Countries $12B 29.6% ▲ 12.7%
United Kingdom $5.7B 14.1% ▲ 14.9%

From CBRE Group's 10-K filed February 12, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Who owns it

Funds buying and selling
Reported value
$38.2B
Institutions reporting
1,064
Shares held vs prior quarter
▲ 0.8%
Positions opened / closed
100 / 109

Top buyers and sellers, Q2 2026: 502 institutions bought and 519 sold ; the biggest buyer was AQR Capital Management LLC (+1.8M shares) and the biggest seller Cantillon Capital Management LLC (−3.8M). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Blackrock, Inc. $3.7B 27.7M 9.8% ▼ 0.2%
Vanguard Portfolio Management LLC $3.5B 25.8M 9.1% ▲ 0.1%
Vanguard Capital Management LLC $2.6B 19.1M 6.7% ▲ 0.5%
State Street Corp $1.9B 14.3M 5.0% ▲ 2.1%
Principal Financial Group Inc $1.4B 10.2M 3.6% ▲ 3.8%
Geode Capital Management, LLC $1.1B 8.5M 3.0% ▼ 1.2%
Harris Associates L P $810M 6.0M 2.1% ▼ 6.4%
Morgan Stanley $781M 5.8M 2.0% ▼ 7.8%
FMR LLC $754M 5.6M 2.0% ▲ 20.8%
Jpmorgan Chase & Co $688M 5.1M 1.8% ▼ 2.4%
Norges Bank $645M 4.8M 1.7% —
Invesco Ltd. $535M 4.0M 1.4% ▼ 25.1%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not CBRE Group's complete shareholder register. Values are as reported by the filers ; 3 inconsistently scaled filing rows were excluded.

Insider trading activity

Full insider history and chart
Insider purchases History → $0 0 trades by 0 insiders, last 12 months Insider sales History → $2.7M 9 trades by 3 insiders · 100% under pre-set plans
Net ▼ $2.7M net selling
Insider Date Trade Shares Price Value
Doellinger Chad J Chief Legal & Admin. Officer August 13, 2026 Sell pre-set plan 228 $148.29 $33,810
Giamartino Emma E. CFO & Chief Investment Officer August 13, 2026 Sell pre-set plan 2,250 $148.29 $333,652
Kohli Vikramaditya COO & CEO, Advisory Services July 29, 2026 Sell pre-set plan 2,666 $150.00 $399,900
Giamartino Emma E. CFO & Chief Investment Officer May 15, 2026 Sell pre-set plan 2,250 $130.74 $294,165
Doellinger Chad J Chief Legal & Admin. Officer May 5, 2026 Sell pre-set plan 107 $140.35 $15,017
Doellinger Chad J Chief Legal & Admin. Officer March 12, 2026 Sell pre-set plan 116 $130.06 $15,087
Doellinger Chad J Chief Legal & Admin. Officer March 11, 2026 Sell pre-set plan 471 $133.51 $62,883
Giamartino Emma E. CFO & Chief Investment Officer February 26, 2026 Sell pre-set plan 9,223 $148.61 $1.4M
Kohli Vikramaditya COO & CEO, Advisory Services November 10, 2025 Sell pre-set plan 1,000 $152.41 $152,410

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Trades by members of Congress

All 18 trades and filings

No trades in CBRE Group disclosed in the last 12 months; 18 earlier trades on record.

  • Susie Lee(D-NV 3):Sale (full), $1,001 - $15,000, traded July 29, 2020, filed September 3, 2020
  • Susie Lee(D-NV 3):Sale (partial), $1,001 - $15,000, traded April 3, 2020, filed June 15, 2020
  • Susie Lee(D-NV 3):Sale (partial), $1,001 - $15,000, traded March 18, 2020, filed April 28, 2020

Value ranges as filed; reports can arrive up to 45 days after a trade.

Earnings dates and SEC filings

Results announcements

Next expected around January 18, 2027 estimated from the company's past filing pattern, not announced

  • October 22, 2026
  • July 29, 2026
  • April 23, 2026
  • February 12, 2026
  • October 23, 2025
  • July 29, 2025

Recent SEC filings

Data status

When each part of this page on CBRE Group was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

CBRE Group in brief

What does CBRE Group do?
CBRE Group is a US-listed company in the real estate services industry. Its financial year ends in December.
What is CBRE Group's stock ticker?
CBRE Group trades under the ticker CBRE on NYSE. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is CBRE Group's revenue, and how fast is it growing?
Over its most recent trailing twelve months, CBRE Group reported revenue of $45B, 14.8% higher than a year earlier, according to its SEC filings.
What is CBRE Group's free cash flow?
CBRE Group's free-cash-flow margin is 2.1% of revenue over the trailing twelve months.
Who are CBRE Group's largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Blackrock, Inc., Vanguard Portfolio Management LLC and Vanguard Capital Management LLC. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
Is CBRE Group buying back stock, and does it pay a dividend?
CBRE Group spent $1.4B on share repurchases over the trailing twelve months, and its diluted share count fell 2.3% over the year.
What is CBRE Group's market cap?
On November 2, 2026, CBRE Group's market capitalisation was about $40.4B, with a price-to-earnings ratio of 29.3 and net debt of $6.2B. Market figures come from third-party market data and may be delayed.
Who are CBRE Group's competitors?
In our Real Estate Services peer group, the companies closest to CBRE Group are Jones Lang Lasalle Inc, KE Holdings Inc., Compass, Inc., Colliers International Group Inc. and Firstservice Corp. The side-by-side comparison below sets their revenue, margins and growth against CBRE Group's.
Are insiders buying or selling CBRE Group stock?
Over the last 12 months, CBRE Group's directors and officers reported 0 open-market purchases and 9 sales on Form 4. The insider trading page charts every trade.
When is CBRE Group's next earnings date?
Around January 18, 2027, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — CBRE Group announces its own schedule.