Filing Flows › CBRE Group (CBRE) › Q3 2026 › vs Q2 2026
CBRE Group (CBRE) Q3 2026 vs Q2 2026 (quarter over quarter)
CBRE Group's revenue rose $291M (+3%) from $11.2B in Q2 2026 to $11.5B in Q3 2026. The biggest changes: Advisory sales +$146M (+26%); Facilities management +$90.0M (+2%); Critical infrastructure +$68.0M (+10%). Operating margin 4.9% against 3.3% (+1.6 pts).
CBRE Group, Q3 2026: revenue $11.5B (+13% year over year), operating margin 4.9%, net earnings $443M, operating cash flow $869M. The chart draws each line against Q2 2026, the increases inside each band.
Margins
| Q3 2026 | Q2 2026 | Change | |
|---|---|---|---|
| Operating margin | 4.9% | 3.3% | +1.6 pts |
| Net margin | 3.8% | 1.8% | +2.0 pts |
| Free cash flow margin | 6.5% | 0.2% | +6.2 pts |
Every line
| Line | Q3 2026 | Q2 2026 | Change | % |
|---|---|---|---|---|
| Facilities management | $5.4B | $5.3B | $90.0M | +2% |
| Project management | $2.0B | $2.0B | −$10.0M | -0.5% |
| Advisory leasing | $1.2B | $1.2B | −$16.0M | -1% |
| Critical infrastructure | $744M | $676M | $68.0M | +10% |
| Advisory sales | $697M | $551M | $146M | +26% |
| Property management | $693M | $695M | −$2.0M | -0.3% |
| Valuation | $206M | $220M | −$14.0M | -6% |
| Investment management | $154M | $149M | $5.0M | +3% |
| Other portfolio services | $98.0M | $88.0M | $10.0M | +11% |
| Commercial mortgage origination | $78.0M | $67.0M | $11.0M | +16% |
| Development services | $47.0M | $44.0M | $3.0M | +7% |
| Loan servicing | $41.0M | $39.0M | $2.0M | +5% |
| Other revenues | $110M | $112M | −$2.0M | -2% |
| Revenue | $11.5B | $11.2B | $291M | +3% |
| Other income, net | $50.0M | −$50.0M | $100M | — |
| Operating profit | $561M | $365M | $196M | +54% |
| Costs & expenses | $11.0B | $10.9B | $95.0M | +0.9% |
| Pre-tax earnings | $611M | $315M | $296M | +94% |
| Cost of revenue | $9.4B | $9.1B | $252M | +3% |
| Other operating costs | $1.6B | $1.7B | −$157M | -9% |
| Net earnings | $443M | $204M | $239M | +117% |
| Minority interests | $37.0M | $43.0M | −$6.0M | -14% |
| Income tax | $131M | $68.0M | $63.0M | +93% |
| Depreciation & amortization | $184M | $190M | −$6.0M | -3% |
| Share-based compensation | $51.0M | $59.0M | −$8.0M | -14% |
| Working capital & other | $191M | −$315M | $506M | — |
| Operating cash flow | $869M | $138M | $731M | +530% |
| Free cash flow (OCF − capex) | $743M | $24.0M | $719M | 31× |
| Capital expenditures | $126M | $114M | $12.0M | +11% |
Questions
How much did CBRE Group's revenue grow quarter over quarter in Q3 2026?
CBRE Group's revenue rose $291M (+3%) from $11.2B in Q2 2026 to $11.5B in Q3 2026.
What drove CBRE Group's revenue change in Q3 2026?
Advisory sales +$146M (+26%); Facilities management +$90.0M (+2%); Critical infrastructure +$68.0M (+10%).