Building Operations & Experience was Cbre’s largest segment in fiscal 2025, bringing in $23.22B of $40.55B (57%).
| Segment | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Building Operations & Experience | — | $17.81B | $20.21B | $23.22B | ||||||
| Global Workplace Solutions | $19.85B | — | — | — | ||||||
| Americas | — | — | — | — | ||||||
| Advisory Services | $9.88B | $6.91B | $7.73B | $8.84B | ||||||
| Project Management | — | $6.30B | $6.81B | $7.66B | ||||||
| Emea | — | — | — | — | ||||||
| Asia Pacific | — | — | — | — | ||||||
| Real Estate Investments | $1.11B | $952.00M | $1.04B | $879.00M | ||||||
| Global Investment Management | — | — | — | — | ||||||
| Development Services | — | — | — | — | ||||||
| Corporate, Other & Eliminations | -$16.00M | -$17.00M | -$17.00M | -$50.00M | ||||||
| Corporate & Reconciling Items | — | — | — | — | ||||||
| Total | $30.83B | $31.95B | $35.77B | $40.55B |
Cbre brought in $40.55B from its five segments in fiscal 2025, the year ended December 31, 2025. That was up 13.4% from $35.77B in fiscal 2024. Building Operations & Experience was the largest at $23.22B (57.3%), ahead of Advisory Services at $8.84B (21.8%) and Project Management at $7.66B (18.9%). The remaining segment, Real Estate Investments, brought in $879.00M.
Compared with fiscal 2024, Building Operations & Experience grew fastest, up 14.9% to $23.22B, while Real Estate Investments fell the most, down 15.3% to $879.00M.
Cbre began breaking out Building Operations & Experience in fiscal 2023 and Project Management in fiscal 2023. Cbre stopped reporting Global Workplace Solutions as a separate segment after fiscal 2022, when it brought in $19.85B. The total is net of Corporate, Other & Eliminations, which took $50.00M off revenue in fiscal 2025.
United States was Cbre’s largest region in fiscal 2025, bringing in $22.85B of $40.55B (56%).
| Geography | FY 2009 | FY 2010 | FY 2011 | FY 2012 | FY 2013 | FY 2014 | FY 2015 | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| United States | $17.46B | $17.46B | $20.16B | $22.85B | |||||||||||||
| U.S | — | — | — | — | |||||||||||||
| All Other Countries | $9.28B | $10.10B | $10.64B | $11.99B | |||||||||||||
| United Kingdom | $4.08B | $4.39B | $4.97B | $5.71B | |||||||||||||
| U. K | — | — | — | — | |||||||||||||
| U.K | — | — | — | — | |||||||||||||
| Total | $30.83B | $31.95B | $35.77B | $40.55B |
Cbre brought in $40.55B from its three regions in fiscal 2025, the year ended December 31, 2025. That was up 13.4% from $35.77B in fiscal 2024. United States was the largest at $22.85B (56.3%), ahead of All Other Countries at $11.99B (29.6%) and United Kingdom at $5.71B (14.1%).
Compared with fiscal 2024, United Kingdom grew fastest, up 14.9% to $5.71B. Every region above 2% of revenue grew. From fiscal 2022 to 2025, combined revenue from these regions grew from $30.83B to $40.55B, a compound annual growth rate of 9.6%. United States' share held steady at about 56.3%.
Guarantor Subsidiaries was Cbre’s largest revenue line in fiscal 2017, bringing in $10.70B of $18.63B (57%).
| Consolidated Entities | FY 2015 | FY 2016 | FY 2017 |
|---|---|---|---|
| Guarantor Subsidiaries | $5.82B | $10.17B | $10.70B |
| Nonguarantor Subsidiaries | $5.04B | $7.20B | $7.93B |
| Total | $10.86B | $17.37B | $18.63B |
Cbre brought in $18.63B from its two revenue lines in fiscal 2017, the year ended December 31, 2017. That was up 7.3% from $17.37B in fiscal 2016. Guarantor Subsidiaries was the largest at $10.70B (57.4%), ahead of Nonguarantor Subsidiaries at $7.93B (42.6%).
Compared with fiscal 2016, Nonguarantor Subsidiaries grew 10.1% to $7.93B and Guarantor Subsidiaries grew 5.2% to $10.70B. From fiscal 2015 to 2017, combined revenue from these revenue lines grew from $10.86B to $18.63B, a compound annual growth rate of 31.0%. Guarantor Subsidiaries' share of the total rose from 53.6% to 57.4%.
Cbre (CBRE) reports its revenue by segment, by geography and by consolidated entities. In fiscal 2025, Building Operations & Experience was its largest segment, bringing in $23.22B (57.3% of the total), followed by Advisory Services at $8.84B (21.8%).
Building Operations & Experience was Cbre's largest segment in fiscal 2025, bringing in $23.22B, or 57.3% of the $40.55B total across its five segments.
United States was Cbre's largest region in fiscal 2025, bringing in $22.85B, or 56.3% of the $40.55B total across its three regions.
Guarantor Subsidiaries was Cbre's largest revenue line in fiscal 2017, bringing in $10.70B, or 57.4% of the $18.63B total across its two revenue lines.
Among Cbre's segments that make up at least 2% of revenue, Building Operations & Experience grew fastest in fiscal 2025, up 14.9% from $20.21B to $23.22B.
Every figure comes from Cbre's annual financial filings, as reported. Each line keeps the name Cbre gives it, and years follow its fiscal calendar.
Cbre's revenue by segment goes back to fiscal 2016, with figures through fiscal 2025. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.