Filing Flows › CBRE Group (CBRE) › Q1 2025
CBRE Group (CBRE) Q1 2025 earnings results (first quarter 2025)
10-Q filed Apr 24, 2025
CBRE Group (CBRE) reported revenue of $8.9B for the first quarter 2025 (Q1 2025), +12% from a year earlier and -15% from the quarter before. Operating margin was 3.1%, net earnings $163M (1.8% of revenue).
CBRE Group, Q1 2025: revenue $8.9B (+12% year over year), operating margin 3.1%, net earnings $163M, operating cash flow −$546M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $8.9B | -15% | +12% |
| Operating profit | $276M | -54% | +35% |
| Net earnings | $163M | -67% | +29% |
| Operating cash flow | −$546M | — | — |
What changed
Revenue was $8.9B in Q1 2025, up 12% year over year and down 15% from the previous quarter. Facilities management was the largest line at 54% of revenue. Facilities management added $0.50B year over year (up 12%), 54% of the total change. Loan servicing declined 34%.
Operating profit was $0.28B, a 3.1% margin (up 0.5 points year over year). Of the extra revenue versus a year earlier, 8% reached operating profit, above the 3% margin then. Total costs grew 11% against revenue growth of 12%. The fastest-growing cost line was Cost of revenue (+12%). Net earnings were $0.16B, up 29% year over year. The effective tax rate was 21.4%.
Operating cash flow was −$0.55B. Non-cash charges added back $0.18B of depreciation and amortization and $0.02B of share-based compensation. Working capital and other items used $0.94B. Capital expenditures of $0.06B exceeded it, leaving free cash flow of −$0.61B.
Questions
What was CBRE Group's revenue in the first quarter 2025?
CBRE Group (CBRE) reported revenue of $8.9B for the first quarter 2025 (Q1 2025), +12% from a year earlier and -15% from the quarter before.
Was CBRE Group profitable in the first quarter 2025?
Operating profit was $276M (3.1% of revenue) and net earnings $163M.
Source: CBRE Group 10-Q on SEC EDGAR.