CBRE
CBRE Group Inc Common StockStock · Real EstateUS REITs 2.3% · S&P 500 Equal Weight 0.2% · S&P 500 0.06% · Russell 1000 0.06% · US Stock Market 0.05% · Russell 3000 0.05% · MSCI ACWI 0.04% · MSCI World 0.04%$140.51+1.83%
as of market close, Sep 11, 2026
☾ AH — —
CBRE financial statements
The full income statement, balance sheet, and cash-flow statement for CBRE Group Inc Common Stock (CBRE), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.
Shares outstanding (point-in-time)
2024-06 306.4M2024-09 306.0M2024-12 300.0M2025-03 298.1M2025-06 297.6M2025-09 297.6M2025-12 295.2M2026-03 292.8M2026-06 289.6M-5.5% over 8 periods
SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.
As-reported fiscal years.
| Line item | Trend | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Income Statement | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Revenue | 39.9B+13.4% | 35.2B+11.7% | 31.5B+2.2% | 30.8B+11.1% | 27.7B+16.5% | |
| Cost of revenue | 33.0B+14.5% | 28.8B+12.2% | 25.7B+5.9% | 24.2B+12.3% | 21.6B+13.3% | |
| Restructuring | — | — | — | 118M | 0.00 | |
| Amortization of intangibles | 393M+8.3% | 363M+12.7% | 322M-7.5% | 348M+25.9% | 277M+21.8% | |
| Provision for credit losses | — | — | 16.0M-5.9% | 17.0M-29.2% | 24.0M-45.9% | |
| Operating income | 1.75B+24.1% | 1.41B+26.5% | 1.12B-26.1% | 1.51B-7.6% | 1.64B+68.8% | |
| Net interest income | — | — | -149M-115.9% | -69.0M-38.0% | -50.0M+26.2% | |
| Other non-operating income | 19.0M-51.3% | 39.0M-36.1% | 61.0M+608.3% | -12.0M-105.9% | 204M+1072.8% | |
| Equity-method income | 40.0M+310.5% | -19.0M-107.7% | 248M+8.3% | 229M-63.0% | 619M+390.6% | |
| Pre-tax income | 1.59B+30.9% | 1.22B-4.6% | 1.28B-23.0% | 1.66B-31.2% | 2.41B+148.5% | |
| Income tax | 317M+74.2% | 182M-27.2% | 250M+6.8% | 234M-58.8% | 568M+165.3% | |
| 1.16B+19.5% | 968M-1.8% | 986M-29.9% | 1.41B-23.4% | 1.84B+144.3% | ||
| Net income to non-controlling interest | 120M+76.5% | 68.0M+65.9% | 41.0M+141.2% | 17.0M+240.0% | 5.00M+28.9% | |
| $3.85+22.6% | $3.14-0.3% | $3.15-26.6% | $4.29-20.7% | $5.41+143.7% | ||
| EPS (basic) | $3.88+22.8% | $3.16-1.3% | $3.20-26.6% | $4.36-20.4% | $5.48+144.6% | |
| Weighted-avg shares (basic) | 298M-2.5% | 306M-0.8% | 308M-4.5% | 323M-3.7% | 335M+0.0% | |
| Weighted-avg shares (diluted) | 301M-2.4% | 308M-1.4% | 313M-4.6% | 328M-3.5% | 340M+0.4% | |
| Balance Sheet | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 13.5B+35.3% | 9.97B+3.1% | 9.67B+13.3% | 8.53B-15.4% | 10.1B+14.0% | ||
| Cash & equivalents | 1.86B+67.3% | 1.11B-11.9% | 1.26B-4.0% | 1.32B-45.8% | 2.43B+28.2% | |
| Accounts receivable | 8.28B+18.3% | 7.00B+10.0% | 6.37B+19.6% | 5.33B+3.4% | 5.15B+17.2% | |
| Prepaid expenses | 372M+12.0% | 332M-0.3% | 333M+7.1% | 311M-6.9% | 334M+13.2% | |
| Other current assets | 552M+72.0% | 321M+1.9% | 315M-43.4% | 557M+49.9% | 372M+26.7% | |
| 30.9B+26.6% | 24.4B+8.1% | 22.5B+9.9% | 20.5B-7.1% | 22.1B+22.4% | ||
| Property, plant & equipment | 1.05B+14.8% | 914M+0.8% | 907M+8.5% | 836M+2.4% | 816M+0.1% | |
| Operating lease right-of-use | 2.06B+72.1% | 1.20B+16.3% | 1.03B-0.3% | 1.03B-1.3% | 1.05B+2.6% | |
| Goodwill | 7.05B+25.4% | 5.62B+9.6% | 5.13B+5.4% | 4.87B-2.5% | 5.00B+30.7% | |
| Intangible assets | 2.97B+29.3% | 2.30B+10.4% | 2.08B-5.1% | 2.19B-9.0% | 2.41B+76.1% | |
| Deferred tax assets | 697M+29.6% | 538M+49.0% | 361M+35.7% | 266M+69.4% | 157M+71.6% | |
| Other non-current assets | 1.83B-2.6% | 1.88B+21.5% | 1.55B+39.5% | 1.11B+26.6% | 876M+17.2% | |
| 12.3B+32.7% | 9.29B+12.7% | 8.24B+0.0% | 8.24B-2.1% | 8.42B+17.8% | ||
| Deferred revenue | 448M+19.5% | 375M+25.8% | 298M+7.9% | 276M-1.6% | 281M+73.2% | |
| Short-term & current debt | 71.0M+97.2% | 36.0M+300.0% | 9.00M-97.9% | 428M | 0.00-100.0% | |
| Current lease liability | 284M+42.0% | 200M-17.4% | 242M+5.2% | 230M-1.0% | 232M+11.5% | |
| Other current liabilities | 447M+29.6% | 345M+58.3% | 218M-3.5% | 226M+13.3% | 199M+24.2% | |
| Finance lease liability (current) | 69.0M+60.5% | 43.0M+19.4% | 36.0M+9.1% | 33.0M-13.4% | 38.1M-3.0% | |
| 21.3B+39.9% | 15.2B+12.7% | 13.5B+13.2% | 11.9B-6.4% | 12.7B+20.7% | ||
| Long-term debt | 5.05B+55.6% | 3.25B+15.7% | 2.80B+158.2% | 1.09B-29.4% | 1.54B+11.4% | |
| Non-current lease liability | 2.12B+62.3% | 1.31B+20.0% | 1.09B+0.8% | 1.08B-3.3% | 1.12B-0.0% | |
| Operating lease liability (total) | 2.40B+59.6% | 1.51B+13.2% | 1.33B+1.6% | 1.31B-2.9% | 1.35B+1.8% | |
| Finance lease liability (total) | 236M+43.0% | 165M+52.8% | 108M+18.5% | 91.1M-18.2% | 111M-5.8% | |
| Finance lease liability | 167M+36.9% | 122M+69.4% | 72.0M+24.1% | 58.0M-20.8% | 73.3M-7.1% | |
| Deferred tax liabilities | 238M-3.6% | 247M-3.1% | 255M-9.6% | 282M-30.4% | 405M+225.5% | |
| Other non-current liabilities | 1.34B+41.7% | 945M+4.7% | 903M-10.9% | 1.01B-2.2% | 1.04B+65.7% | |
| 8.88B+5.6% | 8.41B+1.7% | 8.27B+5.3% | 7.85B-7.9% | 8.53B+20.5% | ||
| Common stock | 3.00M+0.0% | 3.00M+0.0% | 3.00M+0.0% | 3.00M-9.9% | 3.33M-0.8% | |
| Additional paid-in capital | 0.00 | 0.00 | 0.00 | 0.00-100.0% | 799M-25.7% | |
| Retained earnings | 9.92B+3.6% | 9.57B+4.1% | 9.19B+4.0% | 8.83B+5.6% | 8.37B+28.1% | |
| Accumulated other comprehensive income | -1.04B+10.2% | -1.16B-25.4% | -924M+6.0% | -983M-53.4% | -641M-20.9% | |
| Non-controlling interest | 315M-59.7% | 781M-2.4% | 800M+6.2% | 753M-9.4% | 831M+1889.7% | |
| Total equity incl. non-controlling | 9.19B+0.0% | 9.19B+1.4% | 9.07B+5.4% | 8.61B-8.0% | 9.36B+31.4% | |
| Total liabilities & equity | 30.9B+26.6% | 24.4B+8.1% | 22.5B+9.9% | 20.5B-7.1% | 22.1B+22.4% | |
| Common shares issued | 296M-2.1% | 302M-0.9% | 305M-2.0% | 311M-6.6% | 333M-0.8% | |
| Common shares outstanding | 296M-2.1% | 302M-0.9% | 305M-2.0% | 311M-6.6% | 333M-0.8% | |
| Shares outstanding (cover) | 295M-1.6% | 300M-1.9% | 306M-1.4% | 310M-6.7% | 332M-1.0% | |
| Cash Flow | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 1.56B-8.7% | 1.71B+255.8% | 480M-70.5% | 1.63B-31.1% | 2.36B+29.1% | ||
| Depreciation & amortization | 729M+8.2% | 674M+8.4% | 622M+1.5% | 613M+16.5% | 526M+4.8% | |
| Intangible amortization | 393M+8.3% | 363M+12.7% | 322M-7.5% | 348M+25.9% | 277M+21.8% | |
| Share-based compensation | 120M-17.8% | 146M+52.1% | 96.0M-40.0% | 160M-13.5% | 185M+206.3% | |
| Deferred income taxes | -269M-38.7% | -194M-60.3% | -121M+70.6% | -411M-573.8% | -61.0M-183.7% | |
| -1.63B-7.5% | -1.51B-122.3% | -681M+18.1% | -832M+35.1% | -1.28B-72.2% | ||
| Capital expenditure | 366M+19.2% | 307M+0.7% | 305M+17.2% | 260M+24.0% | 210M-21.3% | |
| Free cash flow | 1.19B-14.8% | 1.40B+700.6% | 175M-87.2% | 1.37B-36.5% | 2.15B+37.7% | |
| Acquisitions | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Other investing activities | -155M-3.3% | -150M-212.5% | -48.0M-147.5% | 101M+320.8% | 24.0M+328.2% | |
| 796M+460.2% | -221M-243.5% | 154M+108.7% | -1.77B-260.4% | -490M-120.0% | ||
| Long-term debt issued | 0.00 | 0.00 | 0.00 | 0.00-100.0% | 492M | |
| Long-term debt repaid | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock issued | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock repurchased | 968M+54.4% | 627M-5.7% | 665M-64.1% | 1.85B+401.4% | 369M+637.6% | |
| Dividends paid | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Other financing activities | -521M-34.6% | -387M-33.9% | -289M-1213.6% | -22.0M+50.0% | -44.0M-5.0% | |
| Net change in cash | 793M+628.7% | -150M-341.2% | -34.0M+97.0% | -1.14B-326.5% | 501M-47.0% | |
| Interest paid | 448M+13.1% | 396M+107.3% | 191M+114.6% | 89.0M+117.1% | 41.0M-39.2% | |
| Income taxes paid | 599M+28.3% | 467M+0.0% | 467M-22.7% | 604M+83.0% | 330M+538.5% | |
| Valuation Ratios | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Market cap | 47.5B+20.5% | 39.4B+38.8% | 28.4B+16.7% | 24.3B-32.6% | 36.1B+71.3% | |
| P/E | 41.0×+0.8% | 40.7×-15.4% | 48.1×+299.4% | 12.0×-38.6% | 19.6×-29.9% | |
| P/S | 1.2×+6.2% | 1.1×+21.7% | 0.9×+18.0% | 0.8×-40.0% | 1.3×+47.1% | |
| P/B | 5.3×+14.1% | 4.7×+26.8% | 3.7×+20.5% | 3.1×-27.5% | 4.2×+42.2% | |
| P/FCF | 39.8×+41.5% | 28.1×-87.0% | 216.5×+1439.8% | 14.1×-16.0% | 16.7×+24.4% | |
| Earnings yield | 2.4%-0.8% | 2.5%+18.2% | 2.1%-75.0% | 8.3%+63.0% | 5.1%+42.6% | |
| FCF yield | 2.5%-29.3% | 3.6%+670.0% | 0.46%-93.5% | 7.1%+19.1% | 6.0%-19.6% | |
| Source filing | 10-K | 10-K | 10-K | 10-K | 10-K |
About this data
Source: CBRE’s SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn’t file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all CBRE filings on SEC EDGAR → Not investment advice.