Filing Flows › CBRE Group (CBRE) › Q2 2025
CBRE Group (CBRE) Q2 2025 earnings results (second quarter 2025)
10-Q filed Jul 29, 2025
CBRE Group (CBRE) reported revenue of $9.7B for the second quarter 2025 (Q2 2025), +16% from a year earlier and +9% from the quarter before. Operating margin was 3.8%, net earnings $215M (2.2% of revenue).
CBRE Group, Q2 2025: revenue $9.7B (+16% year over year), operating margin 3.8%, net earnings $215M, operating cash flow $57.0M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $9.7B | +9% | +16% |
| Operating profit | $374M | +36% | +52% |
| Net earnings | $215M | +32% | +65% |
| Operating cash flow | $57.0M | — | -80% |
What changed
Revenue was $9.7B in Q2 2025, up 16% year over year and up 9% from the previous quarter. Facilities management was the largest line at 53% of revenue. Facilities management added $0.76B year over year (up 17%), 57% of the total change. Loan servicing declined 40%.
Operating profit was $0.37B, a 3.8% margin (up 0.9 points year over year). Of the extra revenue versus a year earlier, 10% reached operating profit, above the 3% margin then. Total costs grew 15% against revenue growth of 16%. The fastest-growing cost line was Cost of revenue (+17%). Net earnings were $0.21B, up 65% year over year. The effective tax rate was 20.3%.
Operating cash flow was $0.06B (down 80% year over year), 24% of net income including minority interests. Non-cash charges added back $0.18B of depreciation and amortization and $0.04B of share-based compensation. Working capital and other items used $0.41B. Capital expenditures of $0.07B exceeded it, leaving free cash flow of −$0.02B.
Questions
What was CBRE Group's revenue in the second quarter 2025?
CBRE Group (CBRE) reported revenue of $9.7B for the second quarter 2025 (Q2 2025), +16% from a year earlier and +9% from the quarter before.
Was CBRE Group profitable in the second quarter 2025?
Operating profit was $374M (3.8% of revenue) and net earnings $215M.
Source: CBRE Group 10-Q on SEC EDGAR.