CBRE GROUP, INC. has recently released its 10-K report, detailing its operations as a commercial real estate services and investment company in the United States, the United Kingdom, and internationally. The company operates through four business segments – Advisory Services, Building Operations & Experience (BOE), Project Management, and Real Estate Investments (REI). In 2025, CBRE served clients through these segments, generating revenue from resilient sources and non-recurring sources, including commissions generated by transactions. The 10-K report provides a comprehensive analysis of the company's financial condition and results of operations, as well as insights into its revenue mix and capital deployment.
In the year ended December 31, 2025, CBRE reported revenue of $40.6 billion, representing a 13.4% increase from the previous year. The revenue growth was driven by double-digit growth across the Advisory Services, BOE, and Project Management segments. The company's resilient business lines, including facilities management, project management, property management, loan servicing, valuations, and recurring investment management fees, contributed significantly to the revenue growth, accounting for $33.1 billion. Additionally, revenue from transactional business lines, such as property sales, leasing, mortgage origination, and development fees, totaled $7.5 billion.
CBRE's operating expenses also saw an increase, with pass-through costs, cost of revenue (excluding pass-through costs), and operating, administrative, and other expenses rising by 12.4%, 16.7%, and 10.6% respectively. However, the company managed to improve its operating income, reporting a consolidated net income of $1.2 billion for the year ended December 31, 2025, compared to $968 million in the previous year.
The 10-K report also highlights CBRE's strategic capital deployment, with approximately $2.7 billion of capital deployed in 2025. The company's largest deployments for the year included the acquisition of Pearce, a leading provider of advanced technical services for digital and power infrastructure, and the acquisition of the remaining 60% equity interest in Industrious, a flexible workplace solutions and workplace experience platform. Additionally, CBRE repurchased 7,052,481 shares, deploying $956 million for the repurchase.
Today the company's shares have moved 0.45% to a price of $171.59. For more information, read the company's full 10-K submission here.
