CBRE · 10-Q · 2026Q3 · Full report
Revenue Performance and Mix
CBRE GROUP, INC. · 2026-10-22 · Importance 54 · Surprise 40 · From source text
For the nine months ended September 30, 2026, consolidated revenue increased 15.5% to $33.270 billion from $28.813 billion, while third-quarter revenue increased 12.7% to $11.517 billion from $10.221 billion. Nine-month revenue grew 16.4% in Advisory Services to $6.771 billion, 17.4% in Building Operations & Experience (BOE) to $20.033 billion, and 11.9% in Project Management to $5.918 billion; Real Estate Investments (REI) revenue declined. Critical infrastructure revenue rose to $1.998 billion from $1.155 billion for the nine months, lifting its share of consolidated revenue from 4.0% to 6.0%, while facilities management revenue rose to $15.941 billion from $14.024 billion. Advisory Services property sales revenue increased 29.1% and global leasing revenue increased 15.9% for the nine months, while third-quarter REI revenue declined 3.8% as lower development services fees outweighed higher investment management revenue.
Key facts
- CBRE's consolidated revenue for the three months ended September 30, 2026 was $11,517 million, compared with $10,221 million in the prior-year quarter. source
- CBRE's consolidated revenue for the nine months ended September 30, 2026 was $33,270 million, compared with $28,813 million in the prior-year period. source
- CBRE revenue increased 12.7% in the third quarter, reflecting double-digit growth in Advisory Services and BOE and single-digit growth in Project Management, partially offset by a decrease in REI revenue. source
- CBRE revenue increased 15.5% in the first nine months of 2026, with double-digit growth in Advisory Services, BOE and Project Management, partly offset by a decrease in REI revenue. source
- CBRE recorded approximately $104 million of equity income from unconsolidated subsidiaries in the third quarter, compared with $52 million, primarily due to monetization of real estate development assets in the current period. source
- CBRE reported approximately $99 million of equity income from unconsolidated subsidiaries in the first nine months of 2026, versus $50 million in the prior-year period, primarily due to higher monetization of real estate development assets. source
- Nine-month equity income from unconsolidated subsidiaries was approximately $102 million, compared with $40 million in the same period, due to higher monetization of real estate development assets. source
- CBRE gain on disposition of real estate increased by $435 million in the first nine months of 2026, driven by monetization of real estate development assets in REI. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| revenue | positive | realized | +39.1% | CBRE's consolidated revenue for the nine months ended September 30, 2026 was $33,270 million, compared with $28,813 million in the… |
| net_income | positive | realized | +0.5% | Nine-month equity income from unconsolidated subsidiaries was approximately $102 million, compared with $40 million in the same period,… |
| revenue | positive | realized | — | CBRE revenue increased 15.5% in the first nine months of 2026, with double-digit growth in Advisory Services, BOE and Project Management,… |