CBRE GROUP, INC.
For the period ended Sep 30, 2025. Filed Oct 23, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2025 · Filed Oct 23, 2025
CBRE$138.17+2.0%Stored close · as of Nov 9, 2026
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Consolidated Statements of Operations
(Dollars in millions, except share and per share data)
| Three Months EndedSeptember 30, | Nine Months EndedSeptember 30, | |||
|---|---|---|---|---|
| 2025 | 2024 | 2025 | 2024 | |
| Revenue | $10,258 | $9,036 | $28,921 | $25,363 |
| Costs and expenses: | ||||
| Cost of revenue | 8,304 | 7,252 | 23,511 | 20,521 |
| Operating, administrative and other | 1,328 | 1,237 | 3,794 | 3,538 |
| Depreciation and amortization | 181 | 178 | 540 | 497 |
| Total costs and expenses | 9,813 | 8,667 | 27,845 | 24,556 |
| Gain (loss) on disposition of real estate | 36 | (1) | 55 | 12 |
| Operating income | 481 | 368 | 1,131 | 819 |
| Equity income (loss) from unconsolidated subsidiaries | 53 | (4) | 50 | (77) |
| Other income | 3 | 12 | 10 | 26 |
| Interest expense, net of interest income | 50 | 64 | 159 | 163 |
| Write-off of financing costs on extinguished debt | — | — | 2 | — |
| Income before provision for income taxes | 487 | 312 | 1,030 | 605 |
| Provision for income taxes | 91 | 67 | 203 | 70 |
| Net income | 396 | 245 | 827 | 535 |
| Less: Net income attributable to non-controlling interests | 33 | 20 | 86 | 54 |
| Net income attributable to CBRE Group, Inc. | $363 | $225 | $741 | $481 |
| Basic income per share: | ||||
| Net income per share attributable to CBRE Group, Inc. | $1.22 | $0.73 | $2.48 | $1.57 |
| Weighted average shares outstanding for basic income per share | 297,557,891 | 306,253,811 | 298,589,340 | 306,269,264 |
| Diluted income per share: | ||||
| Net income per share attributable to CBRE Group, Inc. | $1.21 | $0.73 | $2.46 | $1.56 |
| Weighted average shares outstanding for diluted income per share | 300,257,330 | 308,305,013 | 301,050,341 | 308,281,111 |
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