Filing Flows › CBRE Group (CBRE) › Q3 2026 › vs Q3 2025
CBRE Group (CBRE) Q3 2026 vs Q3 2025 (year over year)
CBRE Group's revenue rose $1.3B (+13%) from $10.2B in Q3 2025 to $11.5B in Q3 2026. The biggest changes: Facilities management +$630M (+13%); Critical infrastructure +$330M (+80%); Advisory sales +$152M (+28%). Operating margin 4.9% against 4.7% (+0.2 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 Q3 2025, the increases inside each band.
Margins
| Q3 2026 | Q3 2025 | Change | |
|---|---|---|---|
| Operating margin | 4.9% | 4.7% | +0.2 pts |
| Net margin | 3.8% | 3.6% | +0.3 pts |
| Free cash flow margin | 6.5% | 7.3% | -0.8 pts |
Every line
| Line | Q3 2026 | Q3 2025 | Change | % |
|---|---|---|---|---|
| Facilities management | $5.4B | $4.8B | $630M | +13% |
| Project management | $2.0B | $2.0B | $57.0M | +3% |
| Advisory leasing | $1.2B | $1.1B | $69.0M | +6% |
| Critical infrastructure | $744M | $414M | $330M | +80% |
| Advisory sales | $697M | $545M | $152M | +28% |
| Property management | $693M | $648M | $45.0M | +7% |
| Valuation | $206M | $194M | $12.0M | +6% |
| Investment management | $154M | $148M | $6.0M | +4% |
| Other portfolio services | $98.0M | $89.0M | $9.0M | +10% |
| Commercial mortgage origination | $78.0M | $58.0M | $20.0M | +34% |
| Development services | $47.0M | $61.0M | −$14.0M | -23% |
| Loan servicing | $41.0M | $40.0M | $1.0M | +2% |
| Other revenues | $110M | $131M | −$21.0M | -16% |
| Revenue | $11.5B | $10.2B | $1.3B | +13% |
| Other income, net | $50.0M | $5.0M | $45.0M | +900% |
| Operating profit | $561M | $481M | $80.0M | +17% |
| Costs & expenses | $11.0B | $9.7B | $1.2B | +12% |
| Pre-tax earnings | $611M | $486M | $125M | +26% |
| Cost of revenue | $9.4B | $8.3B | $1.1B | +13% |
| Other operating costs | $1.6B | $1.4B | $128M | +9% |
| Net earnings | $443M | $363M | $80.0M | +22% |
| Minority interests | $37.0M | $33.0M | $4.0M | +12% |
| Income tax | $131M | $90.0M | $41.0M | +46% |
| Depreciation & amortization | $184M | $145M | $39.0M | +27% |
| Share-based compensation | $51.0M | $47.0M | $4.0M | +9% |
| Working capital & other | $191M | $272M | −$81.0M | -30% |
| Operating cash flow | $869M | $827M | $42.0M | +5% |
| Free cash flow (OCF − capex) | $743M | $743M | $0 | 0% |
| Capital expenditures | $126M | $84.0M | $42.0M | +50% |
Questions
How much did CBRE Group's revenue grow year over year in Q3 2026?
CBRE Group's revenue rose $1.3B (+13%) from $10.2B in Q3 2025 to $11.5B in Q3 2026.
What drove CBRE Group's revenue change in Q3 2026?
Facilities management +$630M (+13%); Critical infrastructure +$330M (+80%); Advisory sales +$152M (+28%).