CBRE Group Q2 Revenue Surges 16% to $9.8 Billion, GAAP EPS Falls Short

CBRE Group reported Q2 revenue of $9.8 billion, beating estimates, but GAAP EPS of $0.72 missed expectations. The company's revenue increased 16% YoY, with a 71% increase in GAAP EPS from the previous year. CBRE's resilient businesses, including facilities management and project management, saw a 17% revenue increase, outpacing transactional businesses. The company's financial achievements include a 65% increase in GAAP net income and a 30% rise in Core EBITDA.

CBRE Group, Inc. (NYSE: CBRE) reported robust financial results for the second quarter of 2025, with revenue of $9.8 billion, surpassing market expectations. The company's GAAP EPS of $0.72, however, fell short of analyst estimates. Despite this, CBRE's performance demonstrated significant growth across various segments, reflecting the company's resilience in the face of market uncertainty.

Key highlights from the quarter include a 16% year-over-year (YoY) increase in revenue, with a notable 71% jump in GAAP EPS compared to the previous year. The resilient businesses segment, encompassing facilities management and project management, saw a 17% revenue increase, outpacing the 15% growth in transactional businesses. This segment's strong performance underscores CBRE's ability to adapt and thrive during market recovery periods [1].

The company's financial achievements also include a 65% increase in GAAP net income and a 30% rise in Core EBITDA. These figures indicate a strong operational performance and improved profitability. Additionally, CBRE reported a net cash flow from operations of $1.4 billion and nearly $1.3 billion in free cash flow on a trailing 12-month basis, reflecting the company's robust liquidity and financial health [1].

Looking ahead, CBRE has increased its 2025 Core EPS outlook to $6.10 to $6.20, up from the previous range of $5.80 to $6.10. This revised forecast reflects better than 20% growth at the midpoint of the range and is based on constant currency, with an additional $0.10 increase expected due to favorable forward FX curves [1].

Bob Sulentic, CBRE’s chair and chief executive officer, commented on the company's performance, stating, "The strong momentum we exhibited to start the year continued in the second quarter. Despite uncertainty in the macro environment, occupier and investor clients largely proceeded with executing their plans." He further noted that the resilient revenue growth outpacing transactional revenue is a testament to CBRE's progress in its resilient businesses [1].

Overall, CBRE's Q2 results demonstrate the company's ability to navigate market challenges and maintain strong financial performance. As the company continues to focus on its resilient businesses, investors can expect further growth and stability in the coming quarters.

References:
[1] https://ir.cbre.com/press-releases/detail/253/cbre-group-inc-reports-financial-results-for