
CBRE Group Inc
NYSE:CBRE

Income Statement
Earnings Waterfall
CBRE Group Inc
Revenue
|
35.8B
USD
|
Cost of Revenue
|
-28.7B
USD
|
Gross Profit
|
7.1B
USD
|
Operating Expenses
|
-5.6B
USD
|
Operating Income
|
1.5B
USD
|
Other Expenses
|
-558m
USD
|
Net Income
|
968m
USD
|
Income Statement
CBRE Group Inc
Dec-2014 | Mar-2015 | Jun-2015 | Sep-2015 | Dec-2015 | Mar-2016 | Jun-2016 | Sep-2016 | Dec-2016 | Mar-2017 | Jun-2017 | Sep-2017 | Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | Mar-2024 | Jun-2024 | Sep-2024 | Dec-2024 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||||||||||||||||||||||||||||||||
Revenue |
9 050
N/A
|
9 242
+2%
|
9 505
+3%
|
9 943
+5%
|
10 856
+9%
|
11 650
+7%
|
12 467
+7%
|
12 948
+4%
|
17 369
+34%
|
18 573
+7%
|
19 806
+7%
|
21 251
+7%
|
18 629
-12%
|
19 252
+3%
|
19 924
+3%
|
20 546
+3%
|
21 340
+4%
|
21 802
+2%
|
22 404
+3%
|
23 068
+3%
|
23 894
+4%
|
24 648
+3%
|
24 315
-1%
|
24 035
-1%
|
23 826
-1%
|
23 876
+0%
|
24 953
+5%
|
26 106
+5%
|
27 746
+6%
|
29 140
+5%
|
30 453
+5%
|
31 184
+2%
|
30 828
-1%
|
30 906
+0%
|
30 855
0%
|
31 194
+1%
|
31 949
+2%
|
32 473
+2%
|
33 144
+2%
|
34 312
+4%
|
35 767
+4%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(5 611)
|
(5 741)
|
(5 914)
|
(6 259)
|
(7 083)
|
(7 806)
|
(8 572)
|
(9 051)
|
(13 421)
|
(14 554)
|
(15 709)
|
(17 055)
|
(14 305)
|
(14 779)
|
(15 328)
|
(15 828)
|
(16 449)
|
(16 842)
|
(17 320)
|
(17 897)
|
(18 646)
|
(19 346)
|
(19 302)
|
(19 190)
|
(18 990)
|
(19 047)
|
(19 672)
|
(20 366)
|
(21 531)
|
(22 612)
|
(23 649)
|
(24 325)
|
(24 189)
|
(24 494)
|
(24 619)
|
(25 082)
|
(25 626)
|
(26 137)
|
(26 740)
|
(27 583)
|
(28 687)
|
|
Gross Profit |
3 439
N/A
|
3 501
+2%
|
3 591
+3%
|
3 684
+3%
|
3 773
+2%
|
3 844
+2%
|
3 895
+1%
|
3 897
+0%
|
3 948
+1%
|
4 020
+2%
|
4 096
+2%
|
4 196
+2%
|
4 324
+3%
|
4 473
+3%
|
4 596
+3%
|
4 718
+3%
|
4 891
+4%
|
4 959
+1%
|
5 085
+3%
|
5 172
+2%
|
5 248
+1%
|
5 302
+1%
|
5 014
-5%
|
4 845
-3%
|
4 836
0%
|
4 829
0%
|
5 281
+9%
|
5 740
+9%
|
6 215
+8%
|
6 528
+5%
|
6 803
+4%
|
6 859
+1%
|
6 639
-3%
|
6 413
-3%
|
6 236
-3%
|
6 112
-2%
|
6 323
+3%
|
6 336
+0%
|
6 404
+1%
|
6 729
+5%
|
7 080
+5%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(2 704)
|
(2 712)
|
(2 763)
|
(2 797)
|
(2 948)
|
(3 077)
|
(3 167)
|
(3 244)
|
(3 147)
|
(3 118)
|
(3 160)
|
(3 188)
|
(3 265)
|
(3 405)
|
(3 531)
|
(3 696)
|
(3 818)
|
(3 885)
|
(3 939)
|
(3 899)
|
(3 918)
|
(3 915)
|
(3 778)
|
(3 767)
|
(3 828)
|
(3 824)
|
(4 044)
|
(4 270)
|
(4 649)
|
(4 865)
|
(5 140)
|
(5 214)
|
(5 313)
|
(5 418)
|
(5 310)
|
(5 295)
|
(5 233)
|
(5 058)
|
(5 116)
|
(5 278)
|
(5 554)
|
|
Selling, General & Administrative |
(2 439)
|
(2 442)
|
(2 486)
|
(2 512)
|
(2 634)
|
(2 745)
|
(2 816)
|
(2 875)
|
(2 780)
|
(2 744)
|
(2 776)
|
(2 794)
|
(2 859)
|
(2 984)
|
(3 098)
|
(3 252)
|
(3 366)
|
(3 430)
|
(3 485)
|
(3 440)
|
(3 454)
|
(3 448)
|
(3 307)
|
(3 287)
|
(3 293)
|
(3 314)
|
(3 531)
|
(3 762)
|
(4 091)
|
(4 312)
|
(4 543)
|
(4 598)
|
(4 673)
|
(4 792)
|
(4 692)
|
(4 670)
|
(4 586)
|
(4 439)
|
(4 491)
|
(4 624)
|
(4 853)
|
|
Depreciation & Amortization |
(265)
|
(270)
|
(277)
|
(285)
|
(314)
|
(331)
|
(351)
|
(369)
|
(367)
|
(374)
|
(384)
|
(394)
|
(406)
|
(420)
|
(433)
|
(444)
|
(452)
|
(456)
|
(454)
|
(459)
|
(465)
|
(467)
|
(471)
|
(481)
|
(534)
|
(510)
|
(513)
|
(508)
|
(558)
|
(553)
|
(596)
|
(616)
|
(639)
|
(626)
|
(618)
|
(625)
|
(647)
|
(619)
|
(625)
|
(654)
|
(701)
|
|
Operating Income |
735
N/A
|
789
+7%
|
828
+5%
|
887
+7%
|
825
-7%
|
768
-7%
|
729
-5%
|
653
-10%
|
801
+23%
|
902
+13%
|
937
+4%
|
1 008
+8%
|
1 059
+5%
|
1 069
+1%
|
1 065
0%
|
1 021
-4%
|
1 073
+5%
|
1 074
+0%
|
1 146
+7%
|
1 273
+11%
|
1 330
+4%
|
1 388
+4%
|
1 236
-11%
|
1 078
-13%
|
1 008
-6%
|
1 005
0%
|
1 238
+23%
|
1 470
+19%
|
1 566
+7%
|
1 663
+6%
|
1 664
+0%
|
1 645
-1%
|
1 326
-19%
|
995
-25%
|
926
-7%
|
817
-12%
|
1 090
+33%
|
1 278
+17%
|
1 288
+1%
|
1 451
+13%
|
1 526
+5%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
(4)
|
(1)
|
(1)
|
(31)
|
50
|
83
|
102
|
103
|
61
|
20
|
60
|
109
|
83
|
115
|
144
|
209
|
226
|
263
|
189
|
92
|
75
|
28
|
33
|
43
|
58
|
127
|
324
|
462
|
568
|
525
|
427
|
488
|
160
|
243
|
92
|
(173)
|
99
|
(108)
|
(136)
|
(152)
|
(234)
|
|
Non-Reccuring Items |
35
|
25
|
9
|
28
|
8
|
16
|
9
|
16
|
16
|
12
|
24
|
19
|
20
|
(10)
|
(9)
|
(15)
|
(13)
|
(58)
|
(70)
|
(70)
|
(73)
|
(53)
|
(91)
|
(38)
|
(114)
|
(62)
|
(22)
|
(57)
|
71
|
82
|
232
|
213
|
184
|
176
|
34
|
40
|
27
|
6
|
(65)
|
(129)
|
(113)
|
|
Total Other Income |
12
|
9
|
1
|
(4)
|
(4)
|
(2)
|
3
|
10
|
5
|
6
|
5
|
5
|
9
|
1
|
2
|
96
|
93
|
118
|
119
|
24
|
29
|
8
|
9
|
16
|
17
|
20
|
27
|
27
|
204
|
186
|
167
|
168
|
(12)
|
5
|
18
|
23
|
61
|
68
|
68
|
66
|
39
|
|
Pre-Tax Income |
777
N/A
|
821
+6%
|
837
+2%
|
881
+5%
|
880
0%
|
865
-2%
|
842
-3%
|
782
-7%
|
882
+13%
|
940
+7%
|
1 026
+9%
|
1 140
+11%
|
1 171
+3%
|
1 175
+0%
|
1 202
+2%
|
1 312
+9%
|
1 379
+5%
|
1 398
+1%
|
1 384
-1%
|
1 318
-5%
|
1 361
+3%
|
1 371
+1%
|
1 186
-13%
|
1 099
-7%
|
970
-12%
|
1 091
+12%
|
1 566
+44%
|
1 903
+21%
|
2 409
+27%
|
2 457
+2%
|
2 490
+1%
|
2 515
+1%
|
1 658
-34%
|
1 419
-14%
|
1 070
-25%
|
707
-34%
|
1 277
+81%
|
1 243
-3%
|
1 155
-7%
|
1 236
+7%
|
1 218
-1%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
(264)
|
(283)
|
(295)
|
(299)
|
(321)
|
(314)
|
(302)
|
(280)
|
(297)
|
(301)
|
(306)
|
(332)
|
(324)
|
(316)
|
(317)
|
(335)
|
(300)
|
(298)
|
(290)
|
(259)
|
(70)
|
(77)
|
(34)
|
(19)
|
(214)
|
(239)
|
(354)
|
(438)
|
(568)
|
(487)
|
(475)
|
(484)
|
(234)
|
(266)
|
(201)
|
(89)
|
(250)
|
(193)
|
(170)
|
(206)
|
(182)
|
|
Income from Continuing Operations |
514
|
539
|
542
|
582
|
559
|
550
|
541
|
502
|
585
|
639
|
719
|
808
|
847
|
859
|
885
|
977
|
1 079
|
1 099
|
1 093
|
1 060
|
1 291
|
1 294
|
1 153
|
1 080
|
756
|
851
|
1 213
|
1 464
|
1 842
|
1 969
|
2 016
|
2 031
|
1 424
|
1 153
|
869
|
618
|
1 027
|
1 050
|
986
|
1 030
|
1 036
|
|
Income to Minority Interest |
(29)
|
(29)
|
(12)
|
(11)
|
(12)
|
(14)
|
(8)
|
(14)
|
(12)
|
(12)
|
(11)
|
(5)
|
(6)
|
(4)
|
(4)
|
(4)
|
(3)
|
(9)
|
(8)
|
(8)
|
(9)
|
(4)
|
(5)
|
(4)
|
(4)
|
(5)
|
(6)
|
(6)
|
(5)
|
(7)
|
(8)
|
(12)
|
(17)
|
(21)
|
(23)
|
(28)
|
(41)
|
(55)
|
(62)
|
(72)
|
(68)
|
|
Net Income (Common) |
485
N/A
|
510
+5%
|
529
+4%
|
571
+8%
|
547
-4%
|
536
-2%
|
533
-1%
|
488
-8%
|
573
+17%
|
628
+10%
|
708
+13%
|
803
+13%
|
697
-13%
|
710
+2%
|
737
+4%
|
829
+12%
|
1 063
+28%
|
1 077
+1%
|
1 072
0%
|
1 039
-3%
|
1 282
+23%
|
1 290
+1%
|
1 148
-11%
|
1 076
-6%
|
752
-30%
|
846
+13%
|
1 207
+43%
|
1 458
+21%
|
1 837
+26%
|
1 963
+7%
|
2 007
+2%
|
2 018
+1%
|
1 407
-30%
|
1 132
-20%
|
846
-25%
|
590
-30%
|
986
+67%
|
995
+1%
|
924
-7%
|
958
+4%
|
968
+1%
|
|
EPS (Diluted) |
1.45
N/A
|
1.53
+6%
|
1.58
+3%
|
1.7
+8%
|
1.63
-4%
|
1.58
-3%
|
1.57
-1%
|
1.44
-8%
|
1.69
+17%
|
1.85
+9%
|
2.08
+12%
|
2.35
+13%
|
2.04
-13%
|
2.07
+1%
|
2.14
+3%
|
2.41
+13%
|
3.09
+28%
|
3.16
+2%
|
3.14
-1%
|
3.04
-3%
|
3.77
+24%
|
3.79
+1%
|
3.4
-10%
|
3.17
-7%
|
2.22
-30%
|
2.5
+13%
|
3.56
+42%
|
4.29
+21%
|
5.41
+26%
|
5.82
+8%
|
6.08
+4%
|
6.21
+2%
|
4.29
-31%
|
3.58
-17%
|
2.69
-25%
|
1.88
-30%
|
3.15
+68%
|
3.21
+2%
|
2.99
-7%
|
3.11
+4%
|
3.14
+1%
|