CBRE Q4 revenue rises 12% to $11.6 billion; 2026 core EPS guidance $7.30 to $7.60
CBRE reported fourth-quarter 2025 revenue of $11.6 billion, up 12%, and core EPS of $2.73, up from $2.32 a year earlier. GAAP EPS fell to $1.39 from $1.58 after a $279 million reduction tied to a U.K. pension buy-out and a higher U.K. fire-safety reserve. The company expects 2026 core EPS of $7.30 to $7.60, which it says reflects 17% growth at the midpoint.
Key points
- Q4 revenue $11.6 billion, up 12% from $10.4 billion; full-year 2025 revenue $40.6 billion, up 13%
- Q4 GAAP EPS $1.39 vs. $1.58 a year earlier; core EPS $2.73 vs. $2.32
- Q4 GAAP net income reduced by $279 million from a non-cash U.K. pension buy-out and increased U.K. fire-safety reserve
- 2026 core EPS guidance of $7.30 to $7.60; full-year 2025 free cash flow of about $1.7 billion
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:30 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on February 12, 2026.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.