Filing Flows › CBRE Group (CBRE) › Q1 2026
CBRE Group (CBRE) Q1 2026 earnings results (first quarter 2026)
10-Q filed Apr 23, 2026
CBRE Group (CBRE) reported revenue of $10.5B for the first quarter 2026 (Q1 2026), +19% from a year earlier and -10% from the quarter before. Operating margin was 4.9%, net earnings $318M (3.0% of revenue).
CBRE Group, Q1 2026: revenue $10.5B (+19% year over year), operating margin 4.9%, net earnings $318M, operating cash flow −$825M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $10.5B | -10% | +19% |
| Operating profit | $511M | -18% | +85% |
| Net earnings | $318M | -24% | +95% |
| Operating cash flow | −$825M | -168% | — |
What changed
Revenue was $10.5B in Q1 2026, up 19% year over year and down 10% from the previous quarter. Facilities management was the largest line at 50% of revenue. Facilities management added $0.76B year over year (up 17%), 46% of the total change. Development services declined 39%.
Operating profit was $0.51B, a 4.9% margin (up 1.7 points year over year). Of the extra revenue versus Q1 2025, 14% reached operating profit, above the 3% margin then. Total costs grew 16% against revenue growth of 19%. The fastest-growing cost line was Cost of revenue (+19%). Net earnings were $0.32B, up 95% year over year. The effective tax rate was 24.7%.
Operating cash flow was −$0.82B. Non-cash charges added back $0.18B of depreciation and amortization and $0.05B of share-based compensation. Working capital and other items used $1.4B. Capital expenditures of $0.08B exceeded it, leaving free cash flow of −$0.91B.
Questions
What was CBRE Group's revenue in the first quarter 2026?
CBRE Group (CBRE) reported revenue of $10.5B for the first quarter 2026 (Q1 2026), +19% from a year earlier and -10% from the quarter before.
Was CBRE Group profitable in the first quarter 2026?
Operating profit was $511M (4.9% of revenue) and net earnings $318M.
Source: CBRE Group 10-Q on SEC EDGAR.