CBRE Group (CBRE) FY2025 10-K Annual Report

Filed: Feb 12, 2026
Real Estate
Real EstateSEC EDGAR

CBRE Group (CBRE) 10-K annual report for fiscal year 2025, filed with SEC EDGAR on Feb 12, 2026. This page provides AI-powered analysis including business overview, management discussion & analysis (MD&A), risk factors, and key financial data such as revenue, net income, gross margin, operating margin, and return on equity (ROE) extracted from XBRL.

CBRE Group FY2025 10-K Analysis

Business Overview

  • Core business model: Global commercial real estate services providing advisory, facilities management, project management, and real estate investment operations
  • New segments in 2025: Building Operations & Experience (BOE) including flexible workplace solutions (Industrious acquisition), and standalone Project Management segment post Turner & Townsend combination
  • Strategic shift: Reorganized into four reportable segments emphasizing integrated outsourcing services and premium flexible workplace solutions
  • Capital deployment $2.7B including $1.2B for Pearce acquisition and $468M for remaining Industrious equity; share repurchase $956M for 7 million shares
  • Revenue growth 13.4% to $40.6B with net income up 19.5% to $1.2B; effective tax rate rose to 19.9% from 15.0% driven by lower tax benefits in 2024

Management Discussion & Analysis

  • Revenue and profitability details for 2026 not provided in the excerpt
  • No segment performance data disclosed
  • No information on cash flow, buybacks, dividends, or capex
  • No management outlook, guidance, or risk discussion included

Risk Factors

  • Regulatory risk: oversight by Audit Committee per SEC guidance on cybersecurity disclosures and risk management reporting
  • Operational risk: reliance on CISO with 28 years experience for global cybersecurity strategy and incident response
  • Financial risk: potential real-time escalation of material cybersecurity incidents may impact operations and financial reporting
  • Competitive risk: cyberattack vulnerability could disrupt digital platforms, affecting service delivery versus tech-savvy rivals
  • Geopolitical risk: no specific geopolitical exposure detailed in the cybersecurity context

CBRE Group FY2025 Key Financial Metrics
XBRL

Revenue

$39.9B

+13.7% YoY

Net Income

$1.2B

+19.5% YoY

Operating Margin

4.4%

+37bp YoY

Net Margin

2.9%

+14bp YoY

ROE

13.0%

+152bp YoY

Total Assets

$30.9B

+26.6% YoY

EPS (Diluted)

$3.85

+22.6% YoY

Operating Cash Flow

$1.6B

-8.7% YoY

Source: XBRL data from CBRE Group FY2025 10-K filing on SEC EDGAR. All figures in USD.

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