CBRE Group, Inc. reported financial results for the third quarter ended September 30, 2026, in a press release filed with the SEC on October 22, 2026. The company reported GAAP earnings per share (EPS) of $1.52 for the quarter, representing a 26% increase compared to the prior year period. Core EPS was reported at $2.05, an increase of 28% year-over-year. Total revenue for the quarter was $11.517 billion, up 13% from $10.221 billion in the prior year.
Key operational metrics included a 28.5% increase in Core EBITDA to $1.001 billion. The company reported cash flow from operations of $869 million and free cash flow of $927 million for the quarter. On a trailing 12-month basis, free cash flow totaled $1.8 billion, and cash flow from operations was $1.4 billion. Infrastructure services revenue was up 50% to $4.5 billion on a trailing 12-month basis.
Performance varied by segment. The Building Operations & Experience (BOE) segment saw revenue increase 17.4% to $6.856 billion, with critical infrastructure services revenue surging 80% driven by data center solutions and the Pearce Services acquisition. The Advisory Services segment revenue grew 11% to $2.441 billion, with global property sales revenue rising 28%.
Regarding capital allocation, CBRE repurchased nearly $1.2 billion worth of shares year-to-date. As of September 30, 2026, the company’s net leverage ratio was 1.36x, calculated as net debt of $5.295 billion divided by trailing twelve-month Core EBITDA of $3.902 billion. Total liquidity at the end of the quarter was $5.0 billion.
