CBRE Group, Inc. (CBRE) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Sales/Revenue | 10.53B | 11.63B | 10.26B | 9.75B | 8.91B | 10.4B | 9.04B | 8.39B | 7.93B | 8.95B | 7.87B | 7.72B | 7.41B | 8.19B | 7.53B | 7.77B | 7.33B | 8.55B | 6.8B | 6.46B |
| Revenue Growth % | 18.15% | 11.77% | 13.52% | 16.23% | 12.29% | 16.25% | 14.84% | 8.69% | 7.07% | 9.22% | 4.5% | -0.66% | 1.06% | -4.16% | 10.76% | 20.32% | 23.47% | 23.73% | 20.43% | 20.02% |
| Cost of Goods Sold | 8.68B | 9.85B | 8.27B | 618M | 7.26B | 8.26B | 7.25B | 6.79B | 6.47B | 7.07B | 6.4B | 6.18B | 6.01B | 6.46B | 5.93B | 6.05B | 5.75B | 6.58B | 5.26B | 5.02B |
| COGS % of Revenue | 82.41% | 84.71% | 80.6% | 6.34% | 81.54% | 79.34% | 80.26% | 80.96% | 81.6% | 78.96% | 81.3% | 80.04% | 81.04% | 78.9% | 78.82% | 77.9% | 78.44% | 77.01% | 77.36% | 77.68% |
| Gross Profit | 1.85B | 1.78B | 1.99B | 9.13B | 1.65B | 2.15B | 1.78B | 1.6B | 1.46B | 1.88B | 1.47B | 1.54B | 1.41B | 1.73B | 1.6B | 1.72B | 1.58B | 1.97B | 1.54B | 1.44B |
| Gross Margin % | 17.59% | 15.29% | 19.4% | 93.66% | 18.46% | 20.66% | 19.74% | 19.04% | 18.4% | 21.04% | 18.7% | 19.96% | 18.96% | 21.1% | 21.18% | 22.1% | 21.56% | 22.99% | 22.64% | 22.32% |
| Gross Profit Growth % | 12.58% | -17.26% | 11.55% | 471.65% | 12.67% | 14.13% | 21.28% | 3.7% | 3.91% | 8.89% | -7.78% | -10.27% | -11.12% | -12.04% | 3.62% | 19.1% | 29.64% | 24.29% | 42.46% | 45.75% |
| Operating Expenses | 1.34B | 1.56B | 1.51B | 8.78B | 1.37B | 1.55B | 1.42B | 1.35B | 1.26B | 1.38B | 1.2B | 1.24B | 1.37B | 1.49B | 1.22B | 1.2B | 1.2B | 1.37B | 1.13B | 1.08B |
| OpEx % of Revenue | 12.74% | 13.41% | 14.71% | 90.03% | 15.36% | 14.95% | 15.67% | 16.11% | 15.83% | 15.41% | 15.28% | 16% | 18.46% | 18.13% | 16.21% | 15.45% | 16.42% | 16.07% | 16.62% | 16.65% |
| Selling, General & Admin | 1.46B | 1.75B | 1.33B | 1.27B | 1.19B | 1.47B | 1.22B | 1.19B | 1.11B | 1.21B | 1.05B | 1.09B | 1.07B | 1.29B | 1.05B | 1.17B | 1.06B | 1.29B | 1.01B | 949.08M |
| SG&A % of Revenue | 13.87% | 15.02% | 12.95% | 13.07% | 13.38% | 14.14% | 13.45% | 14.19% | 14% | 13.51% | 13.38% | 14.11% | 14.44% | 15.69% | 13.98% | 15.06% | 14.43% | 15.06% | 14.85% | 14.69% |
| Research & Development | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| R&D % of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Operating Income | 511M | 218M | 481M | 374M | 276M | 594M | 368M | 246M | 204M | 504M | 269M | 306M | 37M | 243.76M | 374.35M | 516.94M | 376.95M | 592.24M | 409.67M | 366.48M |
| Operating Margin % | 4.85% | 1.87% | 4.69% | 3.83% | 3.1% | 5.71% | 4.07% | 2.93% | 2.57% | 5.63% | 3.42% | 3.96% | 0.5% | 2.97% | 4.97% | 6.65% | 5.14% | 6.93% | 6.03% | 5.67% |
| Operating Income Growth % | 85.14% | -63.3% | 30.71% | 52.03% | 35.29% | 17.86% | 36.8% | -19.61% | 451.35% | 106.76% | -28.14% | -40.81% | -90.18% | -58.84% | -8.62% | 41.05% | 40.09% | 33.42% | 93.78% | 289.19% |
| EBITDA | 693M | 407M | 614M | 556M | 501M | 798M | 546M | 407M | 409M | 686M | 418M | 460M | 199M | 421.63M | 516.49M | 679.3M | 525.98M | 786.28M | 532.23M | 485.57M |
| EBITDA Margin % | 6.58% | 3.5% | 5.99% | 5.7% | 5.62% | 7.67% | 6.04% | 4.85% | 5.15% | 7.66% | 5.31% | 5.96% | 2.69% | 5.15% | 6.86% | 8.74% | 7.17% | 9.2% | 7.83% | 7.52% |
| EBITDA Growth % | 38.32% | -49% | 12.45% | 36.61% | 22.49% | 16.33% | 30.62% | -11.52% | 105.53% | 62.7% | -19.07% | -32.28% | -62.17% | -46.38% | -2.96% | 39.9% | 34.47% | 31.11% | 56.94% | 130.62% |
| D&A (Non-Cash Add-back) | 182M | 189M | 133M | 182M | 225M | 204M | 178M | 161M | 205M | 182M | 149M | 154M | 162M | 177.87M | 142.14M | 162.36M | 149.03M | 194.04M | 122.56M | 119.08M |
| EBIT | 513M | 591M | 537M | 355M | 276M | 501M | 391M | 246M | 191M | 526M | 269M | 297M | 173M | 292.28M | 400.14M | 384.57M | 373.83M | 516.51M | 407.35M | 373.69M |
| Net Interest Income | -59M | -27M | -50M | -58M | -50M | -52M | -64M | -63M | -36M | -39.4M | -38.21M | -43M | -28M | -17.7M | -19.96M | -18.52M | -12.83M | -15.44M | -11.04M | -13.77M |
| Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 414K | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Expense | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Income/Expense | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Pretax Income | 454M | 564M | 487M | 300M | 243M | 613M | 312M | 174M | 119M | 631M | 232M | 261M | 153M | 60.44M | 594.35M | 610.68M | 392.53M | 917.1M | 570.13M | 576.89M |
| Pretax Margin % | 4.31% | 4.85% | 4.75% | 3.08% | 2.73% | 5.89% | 3.45% | 2.07% | 1.5% | 7.05% | 2.95% | 3.38% | 2.06% | 0.74% | 7.89% | 7.86% | 5.35% | 10.73% | 8.39% | 8.93% |
| Income Tax | 112M | 114M | 91M | 61M | 52M | 112M | 67M | 32M | -29M | 136M | 31M | 55M | 28M | -25.69M | 142.67M | 120.76M | -3.74M | 224.23M | 133.51M | 133.44M |
| Effective Tax Rate % | 24.67% | 20.21% | 18.69% | 20.33% | 21.4% | 18.27% | 21.47% | 18.39% | -24.37% | 21.55% | 13.36% | 21.07% | 18.3% | -42.51% | 24% | 19.78% | -0.95% | 24.45% | 23.42% | 23.13% |
| Net Income | 318M | 416M | 363M | 215M | 163M | 487M | 225M | 130M | 126M | 477.15M | 190.55M | 201M | 117M | 81.11M | 446.64M | 487.32M | 392.3M | 691.99M | 435.74M | 442.64M |
| Net Margin % | 3.02% | 3.58% | 3.54% | 2.2% | 1.83% | 4.68% | 2.49% | 1.55% | 1.59% | 5.33% | 2.42% | 2.6% | 1.58% | 0.99% | 5.93% | 6.27% | 5.35% | 8.09% | 6.41% | 6.85% |
| Net Income Growth % | 95.09% | -14.58% | 61.33% | 65.38% | 29.37% | 2.06% | 18.08% | -35.32% | 7.69% | 488.26% | -57.34% | -58.75% | -70.18% | -88.28% | 2.5% | 10.1% | 47.37% | 120.54% | 136.65% | 440.48% |
| Net Income (Continuing) | 342M | 450M | 396M | 239M | 191M | 501M | 245M | 142M | 148M | 495M | 201M | 206M | 125M | 86.13M | 451.68M | 489.92M | 396.27M | 692.87M | 436.62M | 443.44M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 340M | 748M | 758M | 740M | 722M | 781M | 864M | 833M | 838M | 800M | 776.87M | 795.58M | 782.58M | 753M | 703.82M | 758.97M | 812.85M | 830.92M | 438.09M | 443.67M |
| EPS (Diluted) | 1.07 | 1.39 | 1.21 | 0.71 | 0.54 | 1.58 | 0.73 | 0.42 | 0.41 | 1.55 | 0.61 | 0.64 | 0.37 | 0.25 | 1.38 | 1.48 | 1.16 | 2.04 | 1.28 | 1.30 |
| EPS Growth % | 98.15% | -12.03% | 65.75% | 69.05% | 31.71% | 1.94% | 19.67% | -34.38% | 10.81% | 520% | -55.8% | -56.76% | -68.1% | -87.75% | 7.81% | 13.85% | 48.72% | 119.35% | 132.73% | 441.67% |
| EPS (Basic) | 1.08 | 1.40 | 1.22 | 0.70 | 0.54 | 1.60 | 0.73 | 0.42 | 0.41 | 1.57 | 0.62 | 0.65 | 0.38 | 0.26 | 1.40 | 1.50 | 1.18 | 2.07 | 1.30 | 1.32 |
| Diluted Shares Outstanding | 296.99M | 299.87M | 300.26M | 302.92M | 302.92M | 308.31M | 308.31M | 308.04M | 308.5M | 308.53M | 312.22M | 314.28M | 315.36M | 319.22M | 324.74M | 329.84M | 337.14M | 339.47M | 340.34M | 339.5M |
| Basic Shares Outstanding | 294.38M | 296.88M | 297.56M | 305.86M | 305.86M | 306.25M | 306.25M | 306.75M | 305.81M | 304.73M | 307.85M | 310.86M | 310.46M | 314.25M | 319.83M | 325.42M | 331.93M | 334.08M | 335.36M | 335.64M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |