CBRE Q4 FY25: where the revenue came from and where it went
The whole income statement of CBRE for this quarter, as one diagram: what earned the revenue, and what it went on.
- Period
- Oct 1 – Dec 31, 2025
- Reported
- Feb 12, 2026
Revenue$11.70B
+12% year over year
Gross profit$2.23B
19% margin
Operating profit$0.62B
5% margin
Net profit$0.42B
4% margin
The numbers
| Item | Value | Share of revenue | Year over year |
|---|---|---|---|
| Revenue | 11.70 | 100% | +12% |
| Building operations | 6.31 | 54% | +15% |
| Advisory services | 2.92 | 25% | +13% |
| Project management | 2.21 | 19% | +8% |
| Real estate investments | 0.22 | 2% | −20% |
| Other and unallocated | 0.04 | 0% | |
| Cost of revenue | −9.47 | 81% | |
| Gross profit | 2.23 | 19% margin | −1pp |
| Operating expenses | −1.61 | 14% | +0pp |
| Operating profit | 0.62 | 5% margin | +0pp |
| Interest & other costs | −0.09 | ||
| Tax | −0.11 | ||
| Net profit | 0.42 | 4% margin | −1pp |
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