CBRE · 8-K · 20261022PR000028

Income Tax Rate Changes

CBRE GROUP, INC. · 2026-10-22 · Importance 33 · Surprise 38

Q3 2026 provision for income taxes increased 45.6% to $131 million from $90 million, while income before taxes rose 25.7% to $611 million. The implied effective tax rate increased to approximately 21.4% from 18.5% in Q3 2025. For the first nine months of 2026, tax provision was $311 million on pretax income of $1.380 billion, compared with $203 million on $1.030 billion in 2025. Nine-month net income attributable to CBRE increased to $965 million from $741 million.