Colliers International (CIGI) Operating Expenses (2009 - 2026)

Over the trailing twelve months to Jun 30, 2026, Colliers International reported Operating Expenses of $1.82 billion, up 18.0% year-over-year; for the year ended Dec 31, 2025, it was $1.68 billion, up 21.7% from the prior year.

• Operating Expenses has increased in each of the last five years, with a five-year compound annual growth rate of 16.1% (years ended Dec 2020 to Dec 2025).
• Going back by year, Operating Expenses was $1.38 billion in the year ended Dec 31, 2024 (+7.0%), $1.29 billion in the year ended Dec 31, 2023 (+5.3%), $1.22 billion in the year ended Dec 31, 2022 (+8.2%) and $1.13 billion in the year ended Dec 31, 2021 (+42.1%).
• The figure for the quarter ended Jun 30, 2026 represents the highest quarterly Operating Expenses in data going back to the quarter ended Mar 31, 2009.
• Year-over-year, Operating Expenses has increased for eight consecutive quarters, with growth averaging 20.4% over the last eight quarters.
• The fastest year-over-year change in Operating Expenses over five years came in the quarter ended Sep 30, 2021 (growth of 47.9%), and the weakest in the quarter ended Jun 30, 2024 (a decline of 6.0%).
• Business Quant data shows CIGI's Operating Expenses at $440.7 million (quarter ended Mar 31, 2026), $467.25 million (quarter ended Dec 31, 2025) and $424.77 million (quarter ended Sep 30, 2025) in the three quarters before the quarter ended Jun 30, 2026.