Filing Flows › CBRE Group (CBRE) › Q2 2026 › vs Q2 2025
CBRE Group (CBRE) Q2 2026 vs Q2 2025 (year over year)
CBRE Group's revenue rose $1.5B (+16%) from $9.7B in Q2 2025 to $11.2B in Q2 2026. The biggest changes: Facilities management +$527M (+11%); Project management +$328M (+19%); Critical infrastructure +$273M (+68%). Operating margin 3.3% against 3.8% (-0.6 pts).
CBRE Group, Q2 2026: revenue $11.2B (+16% year over year), operating margin 3.3%, net earnings $204M, operating cash flow $138M. The chart draws each line against Q2 2025, the increases inside each band.
Margins
| Q2 2026 | Q2 2025 | Change | |
|---|---|---|---|
| Operating margin | 3.3% | 3.8% | -0.6 pts |
| Net margin | 1.8% | 2.2% | -0.4 pts |
| Free cash flow margin | 0.2% | -0.2% | +0.4 pts |
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| Facilities management | $5.3B | $4.8B | $527M | +11% |
| Project management | $2.0B | $1.7B | $328M | +19% |
| Advisory leasing | $1.2B | $995M | $234M | +24% |
| Property management | $695M | $639M | $56.0M | +9% |
| Critical infrastructure | $676M | $403M | $273M | +68% |
| Advisory sales | $551M | $459M | $92.0M | +20% |
| Valuation | $220M | $196M | $24.0M | +12% |
| Investment management | $149M | $145M | $4.0M | +3% |
| Other portfolio services | $88.0M | $97.0M | −$9.0M | -9% |
| Commercial mortgage origination | $67.0M | $54.0M | $13.0M | +24% |
| Development services | $44.0M | $70.0M | −$26.0M | -37% |
| Loan servicing | $39.0M | $37.0M | $2.0M | +5% |
| Other revenues | $112M | $121M | −$9.0M | -7% |
| Revenue | $11.2B | $9.7B | $1.5B | +16% |
| Operating profit | $365M | $374M | −$9.0M | -2% |
| Costs & expenses | $10.9B | $9.3B | $1.5B | +16% |
| Pre-tax earnings | $315M | $301M | $14.0M | +5% |
| Other expense, net | $50.0M | $73.0M | −$23.0M | -32% |
| Cost of revenue | $9.1B | $7.9B | $1.2B | +15% |
| Other operating costs | $1.7B | $1.4B | $320M | +23% |
| Net earnings | $204M | $215M | −$11.0M | -5% |
| Minority interests | $43.0M | $25.0M | $18.0M | +72% |
| Income tax | $68.0M | $61.0M | $7.0M | +11% |
| Operating cash sources | $453M | $402M | $51.0M | +13% |
| Depreciation & amortization | $190M | $145M | $45.0M | +31% |
| Share-based compensation | $59.0M | $42.0M | $17.0M | +40% |
| Working capital & other | $315M | $345M | −$30.0M | -9% |
| Operating cash flow | $138M | $57.0M | $81.0M | +142% |
| Free cash flow (OCF − capex) | $24.0M | −$17.0M | $41.0M | — |
| Capital expenditures | $114M | $74.0M | $40.0M | +54% |
Questions
How much did CBRE Group's revenue grow year over year in Q2 2026?
CBRE Group's revenue rose $1.5B (+16%) from $9.7B in Q2 2025 to $11.2B in Q2 2026.
What drove CBRE Group's revenue change in Q2 2026?
Facilities management +$527M (+11%); Project management +$328M (+19%); Critical infrastructure +$273M (+68%).