CBRE

CBRE · Real Estate · Market cap $42.5B

Q2 FY26 Apr 1 – Jun 30, 2026 reported Jul 29, 2026

Revenue$11.2B +16% year over year

Gross profit$2.1B

Operating profit$0.4B

Net profit$0.2B 2% margin

Numbers and detail

All figures in billions of U.S. dollars, for Q2 FY26 (period ends Jun 30, 2026).
Item	Value	Share of revenue	Year over year
Revenue	11.2	100%	+16%
Building Operations Experience	6.7	60%	+15%
Advisory Services Segment	2.3	21%	+18%
Project Management Segment	2	18%	+19%
Real Estate Investments	0.2	2%	−10%
Cost of revenue	−9.1	81%
Gross profit	2.1	19% margin	+0pp
Operating expenses	−1.7	15%	+0pp
Operating profit	0.4	3% margin	−1pp
Tax	−0.1
Interest & other costs	−0.1
Net profit	0.2	2%	+0pp

All figures in billions of U.S. dollars, for Q1 FY26 (period ends Mar 31, 2026).
Item	Value	Share of revenue	Year over year
Revenue	10.5	100%	+19%
Building Operations Experience	6.5	62%	+20%
Advisory Services Segment	2	19%	+22%
Project Management Segment	1.8	17%	+15%
Real Estate Investments	0.2	2%	−15%
Cost of revenue	−8.7	83%
Gross profit	1.9	18% margin	−1pp
Operating expenses	−1.3	13%	+0pp
Operating profit	0.5	5% margin	+2pp
Tax	−0.1
Interest & other costs	−0.1
Net profit	0.3	3%	+1pp

All figures in billions of U.S. dollars, for Q4 FY25 (period ends Dec 31, 2025).
Item	Value	Share of revenue	Year over year
Revenue	11.7	100%	+12%
Building Operations Experience	6.3	54%	+15%
Advisory Services Segment	2.9	25%	+13%
Project Management Segment	2.2	19%	+8%
Real Estate Investments	0.2	2%	−20%
Cost of revenue	−9.5	81%
Gross profit	2.2	19% margin	−2pp
Operating expenses	−1.6	13%	+0pp
Operating profit	0.6	5% margin	+0pp
Tax	−0.1
Interest & other costs	−0.1
Net profit	0.4	4%	−1pp

All figures in billions of U.S. dollars, for Q3 FY25 (period ends Sep 30, 2025).
Item	Value	Share of revenue	Year over year
Revenue	10.3	100%	+14%
Building Operations Experience	5.8	56%	+13%
Advisory Services Segment	2.2	21%	+17%
Project Management Segment	2	19%	+20%
Real Estate Investments	0.2	2%	−30%
Cost of revenue	−8.3	81%
Gross profit	2	19% margin	−1pp
Operating expenses	−1.5	14%	+0pp
Operating profit	0.5	5% margin	+1pp
Tax	−0.1
Net profit	0.4	4%	+1pp

All figures in billions of U.S. dollars, for Q2 FY25 (period ends Jun 30, 2025).
Item	Value	Share of revenue	Year over year
Revenue	9.8	100%	+16%
Building Operations Experience	5.8	59%	+19%
Advisory Services Segment	2	20%	+14%
Project Management Segment	1.8	18%	+14%
Real Estate Investments	0.2	2%	−7%
Cost of revenue	−7.9	81%
Gross profit	1.8	19% margin	+0pp
Operating expenses	−1.4	15%	+0pp
Operating profit	0.4	4% margin	+1pp
Tax	−0.1
Interest & other costs	−0.1
Net profit	0.2	2%	+1pp

Quarter by quarter

Pick a quarter and the diagram above changes. Bars compare revenue across the quarters we hold.

Quarter	Period	Reported	Revenue	Year over year	Operating margin	Net profit	Net margin
Q2 FY26	Apr 1 – Jun 30, 2026	Jul 29, 2026	$11.2B	+16%	4%	$0.2B	2%
Q1 FY26	Mar 31, 2026	Apr 23, 2026	$10.5B	+19%	5%	$0.3B	3%
Q4 FY25	Oct 1 – Dec 31, 2025	Feb 12, 2026	$11.7B	+12%	5%	$0.4B	4%
Q3 FY25	Jul 1 – Sep 30, 2025	Oct 23, 2025	$10.3B	+14%	5%	$0.4B	4%
Q2 FY25	Apr 1 – Jun 30, 2025	Jul 29, 2025	$9.8B	+16%	4%	$0.2B	2%