CBRE Group (CBRE) Q3 2025 10-Q Quarterly Report
CBRE Group (CBRE) 10-Q quarterly report for Q3 2025, filed with SEC EDGAR on Oct 23, 2025 for the fiscal period ending Sep 30, 2025. This page provides AI-powered analysis including management discussion & analysis (MD&A), risk factor updates, and key quarterly financial data such as revenue and net income extracted from XBRL.
CBRE Group Q3 2025 10-Q Analysis
Management Discussion & Analysis
- • Revenue $10.3B Q3 2025, up 13.5% YoY from $9.0B Q3 2024; nine months $28.9B, up 14.0% from $25.4B
- • Operating margin 4.7% Q3 2025 vs 4.1% Q3 2024; nine months margin 3.9% vs 3.2%
- • Best segment: Advisory Services, revenue up 16.8% Q3 with 16.7% operating margin; Worst segment: REI, revenue down 30.1% Q3, operating margin 5.2% but affected by incentive fees
- • Cash provided by operating activities $338M nine months 2025 vs $368M 2024; capital expenditures $222M YTD; repurchased $663M shares YTD, none in Q3
- • Management reports improved commercial real estate environment, strong leasing demand, no share repurchases in Q3; effective tax rate decreased to 18.7% Q3 2025 from 21.5% Q3 2024; no updated guidance disclosed
Risk Factors
- • No material changes to risk factors from 2024 Annual Report carried forward
- • Market risk from global economic uncertainty impacting real estate demand and valuations
- • Operational risk from integration of acquisitions and technology investments affecting service delivery
- • Financial risk from leverage with $4.9B long-term debt and associated interest rate sensitivity
- • Regulatory risk from evolving data privacy laws impacting client and employee information management
CBRE Group Q3 2025 Quarterly FinancialsXBRL
Revenue
$10.1B
▲ +14.6% YoY▲ +5.8% QoQ
Net Income
$363M
▲ +61.3% YoY▲ +68.8% QoQ
Operating Margin
4.8%
▲ +58bp YoY▲ +86bp QoQ
Net Margin
3.6%
▲ +104bp YoY▲ +134bp QoQ
ROE
4.3%
Total Assets
$28.6B
EPS (Diluted)
$1.21
▲ +65.8% YoY▲ +70.4% QoQ
Operating Cash Flow
$827M
▲ +44.3% YoY▲ +1350.9% QoQ
Source: XBRL data from CBRE Group Q3 2025 10-Q filing on SEC EDGAR. All figures in USD.
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