CBRE Group, Inc. (CBRE)
NYSE: CBRE · Real-Time Price · USD
131.24
-3.41 (-2.53%)
At close: Oct 22, 2026, 4:00 PM EDT
133.15
+1.91 (1.46%)
After-hours: Oct 22, 2026, 4:37 PM EDT
CBRE Group Cash Flow Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Operating Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Net Income | 1,381 | 1,157 | 968 | 986 | 1,407 | 1,837 |
Depreciation & Amortization | 1,049 | 928 | 869 | 790 | 613 | 526 |
Other Amortization | - | - | - | - | - | 8 |
Loss (Gain) From Sale of Assets | -894 | -459 | -142 | -27 | -203 | -330 |
Asset Writedown & Restructuring Costs | - | - | - | - | 59 | - |
Loss (Gain) From Sale of Investments | - | - | - | - | - | -42 |
Loss (Gain) on Equity Investments | -89 | -40 | 19 | -248 | 160 | -99 |
Stock-Based Compensation | 168 | 120 | 146 | 96 | 160 | 185 |
Provision & Write-off of Bad Debts | - | - | - | - | - | 24 |
Other Operating Activities | 49 | -109 | -280 | -200 | -133 | -79 |
Change in Accounts Receivable | -1,502 | -882 | -597 | -702 | -503 | -766 |
Change in Accounts Payable | 850 | 570 | 566 | 34 | 64 | 105 |
Change in Income Taxes | -56 | -40 | -82 | -103 | -133 | 248 |
Change in Other Net Operating Assets | -284 | 1,342 | 92 | 45 | -737 | 568 |
Operating Cash Flow | 1,403 | 1,559 | 1,708 | 480 | 1,629 | 2,364 |
Operating Cash Flow Growth | -16.39% | -8.72% | 255.83% | -70.53% | -31.09% | 29.13% |
Investing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Capital Expenditures | -465 | -366 | -307 | -305 | -260 | -210 |
Cash Acquisitions | -1,049 | -1,374 | -1,067 | -203 | -173 | -781 |
Sale (Purchase) of Real Estate | 259 | 119 | -154 | -94 | - | - |
Investment in Securities | -193 | -161 | -136 | -127 | -298 | -479 |
Other Investing Activities | 121 | 155 | 150 | 48 | -101 | 189 |
Investing Cash Flow | -1,327 | -1,627 | -1,514 | -681 | -832 | -1,281 |
Financing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Short-Term Debt Issued | - | 677 | 4,348 | 4,006 | 1,833 | 27 |
Long-Term Debt Issued | - | 2,410 | 495 | 1,723 | - | 570 |
Total Debt Issued | 1,594 | 3,087 | 4,843 | 5,729 | 1,833 | 597 |
Short-Term Debt Repaid | - | -132 | -4,041 | -4,184 | -1,655 | - |
Long-Term Debt Repaid | - | -670 | -9 | -437 | - | -409 |
Total Debt Repaid | -72 | -802 | -4,050 | -4,621 | -1,655 | -409 |
Net Debt Issued (Repaid) | 1,522 | 2,285 | 793 | 1,108 | 178 | 188 |
Repurchase of Common Stock | -1,446 | -968 | -627 | -665 | -1,888 | -408 |
Other Financing Activities | -134 | -521 | -387 | -289 | -56 | -270 |
Financing Cash Flow | -58 | 796 | -221 | 154 | -1,766 | -490 |
Net Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Foreign Exchange Rate Adjustments | -7 | 65 | -123 | 13 | -166 | -92 |
Net Cash Flow | 11 | 793 | -150 | -34 | -1,135 | 501 |
Free Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Free Cash Flow | 938 | 1,193 | 1,401 | 175 | 1,369 | 2,154 |
Free Cash Flow Growth | -31.18% | -14.85% | 700.57% | -87.22% | -36.44% | 37.71% |
Free Cash Flow Margin | 2.08% | 2.94% | 3.92% | 0.55% | 4.44% | 7.76% |
Free Cash Flow Per Share | 3.17 | 3.97 | 4.55 | 0.56 | 4.18 | 6.34 |
Levered Free Cash Flow | 1,311 | -84.25 | 1,741 | 371.13 | 1,840 | 2,087 |
Unlevered Free Cash Flow | 1,460 | 50.75 | 1,875 | 464.25 | 1,883 | 2,111 |
Additional Metrics
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Cash Interest Paid | 448 | 448 | 396 | 191 | 89 | 41 |
Cash Income Tax Paid | 599 | 599 | 467 | 467 | 604 | 330 |
Change in Working Capital | -992 | 990 | -21 | -726 | -1,309 | 155 |