CBRE Group Revenue Jumps 19% to $10.5B in Q1 2026 as Net Income Doubles
CBRE Group, a commercial real estate services and investment firm, reported total revenue of $10.53 billion for the three months ending March 31, 2026, up from $8.88 billion in the same period last year. Net income reached $318 million, nearly doubling from $163 million a year earlier.
CBRE Group (NYSE: CBRE), a commercial real estate services and investment firm, reported total revenue of $10.53 billion for the three months ending March 31, 2026, up 19% from $8.88 billion in the first quarter of 2025. Net income reached $318 million for the period, compared with $163 million in the year-ago quarter, a 95% increase. Read more earnings reports.
Operating income rose to $826 million from $538 million, a 54% gain. The company's operating margin expanded as revenue growth outpaced expense growth. Cost of revenue climbed to $8.68 billion from $7.27 billion, while operating expenses increased to $1.46 billion from $1.19 billion.
Diluted earnings per share came in at $1.07, up from $0.54 in the first quarter of 2025, based on 297.0 million weighted average diluted shares outstanding compared with 302.9 million a year earlier. The company reduced its share count by nearly 6 million shares over the twelve-month period.
Cash Position and Balance Sheet
Cash and cash equivalents stood at $1.66 billion as of March 31, 2026, down from $1.86 billion at year-end 2025. Total assets declined to $30.17 billion from $30.88 billion at December 31, 2025. The company held $5.02 billion in long-term debt, down slightly from $5.05 billion three months prior.
Stockholders' equity decreased to $8.52 billion from $8.88 billion at the end of 2025. Retained earnings fell to $9.68 billion from $9.92 billion over the same period.
Cash Flow
Cash used in operations totaled $825 million for the quarter, compared with $546 million used in the first quarter of 2025. Cash from investing activities turned positive at $64 million, versus an outflow of $462 million a year earlier. Financing activities provided $545 million in cash, down from $1.26 billion in the prior-year period.
Depreciation and amortization expense increased to $182 million from $142 million in the year-ago quarter, a 28% rise.
Financial Summary
| Metric | Q1 2026 | Q1 2025 |
|---|---|---|
| Total Revenue | $10.53 billion | $8.88 billion |
| Operating Income | $826 million | $538 million |
| Net Income | $318 million | $163 million |
| Diluted EPS | $1.07 | $0.54 |
| Cash and Cash Equivalents | $1.66 billion | $1.86 billion (Dec 2025) |
| Total Assets | $30.17 billion | $30.88 billion (Dec 2025) |
| Long-Term Debt | $5.02 billion | $5.05 billion (Dec 2025) |
| Stockholders' Equity | $8.52 billion | $8.88 billion (Dec 2025) |
The company had 292.8 million common shares outstanding as of March 31, 2026, compared with 295.7 million at year-end 2025.