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Get filing alertsCBRE reports Q2 revenue up 16% to $11.2B, raises full-year EPS guidance to $7.80-$7.90
Filed July 29, 2026 · Period ending July 29, 2026 · ~1 min read
Key Changes
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Q2 revenue rose 16% to $11.2B with Core EPS up 30% to $1.56; all four segments grew operating profit >25%, with transactional businesses up 19% and resilient businesses up 15%.
Exhibit 99.1 view on EDGAR → -
high
Full-year 2026 Core EPS guidance raised from $7.60-$7.80 to $7.80-$7.90 (23% growth at midpoint), reflecting stronger-than-expected momentum across all segments.
Exhibit 99.1 view on EDGAR → -
high
Q2 GAAP EPS of $0.69 includes a $168M non-cash charge for increased U.K. fire-safety remediation reserves in the development business; excluding this, GAAP EPS would have risen 57%.
Exhibit 99.1 view on EDGAR → -
medium
Repurchased nearly $1.0B of shares year-to-date; net leverage at 1.60x with $4.4B total liquidity as of June 30, 2026.
Exhibit 99.1 view on EDGAR → -
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Trailing twelve-month free cash flow reached nearly $1.7B, with Q2 cash flow from operations of nearly $1.4B on a trailing basis.
Exhibit 99.1 view on EDGAR →
Summary
CBRE delivered strong second-quarter results with revenue up 16% to $11.2 billion and Core EPS up 30% to $1.56, driven by balanced growth across both resilient businesses (facilities/property management, up 15%) and transactional businesses (property sales/leasing, up 19%). All four segments grew operating profit by more than 25%, with Real Estate Investments leading at 68% growth. The company raised its full-year Core EPS guidance to $7.80-$7.90 from $7.60-$7.80, reflecting 23% growth at the midpoint.
GAAP results were impacted by a $168 million non-cash charge for increased fire-safety remediation reserves in the U.K. development business, reducing GAAP EPS to $0.69; without this item, GAAP EPS would have increased 57%. The company repurchased nearly $1.0 billion of shares year-to-date while maintaining a net leverage ratio of 1.60x and $4.4 billion in total liquidity. Trailing twelve-month free cash flow reached nearly $1.7 billion, demonstrating strong cash generation alongside earnings growth.
Section-by-Section Diff
Event · Exhibit 99.1
Added in current filing · view on EDGAR →
GAAP EPS of $0.69 and Core EPS of $1.56 | •Revenue up 16% to $11.2 billion | •Resilient Businesses(1) revenue up 15%
•Transactional Businesses(1) revenue up 19%
•Cash flow from operations of nearly $1.4 billion and free cash flow of nearly $1.7 billion on a trailing 12-month basis
CBRE reported second-quarter 2026 revenue of $11.2 billion, up 16% year-over-year, with Core EPS of $1.56 (up 30%) and GAAP EPS of $0.69. Resilient businesses (facilities management, property management, project management, loan servicing, valuations) grew 15%, while transactional businesses (property sales, leasing, mortgage origination) grew 19%. Trailing twelve-month free cash flow reached nearly $1.7 billion.
Added in current filing · view on EDGAR →
Second-quarter GAAP net income was reduced by $168 million due to the non-cash impact of an increased reserve for fire-safety remediation in the U.K. development business. Without this item, second-quarter GAAP net income would have increased by 53% and GAAP EPS by 57%.
CBRE recorded a $168 million non-cash charge in Q2 2026 for increased reserves related to fire-safety remediation efforts in its U.K. development business (Telford). This charge reduced GAAP net income to $204 million and GAAP EPS to $0.69; excluding this item, GAAP net income would have increased 53% and GAAP EPS 57% year-over-year.
Added in current filing · view on EDGAR →
Each of our segments – Advisory, Building Operations & Experience, Project Management and Real Estate Investments – grew Segment Operating Profit by more than 25%.
All four business segments delivered strong profitability growth in Q2 2026. Advisory segment operating profit increased 29% to $449 million, Building Operations & Experience rose 25% to $335 million, Project Management grew 28% to $147 million, and Real Estate Investments increased 68% to $42 million. This broad-based strength demonstrates balanced performance across the company's diversified business model.
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Figures/quotes linked to EDGAR · Narrative written by AI · Jul 30, 2026 · How we verify