CBRE Q2 2023 Earnings — CBRE Group, Inc. Revenue & Financial Results | Market Cap Arena

CBRECBRE Group, Inc.

$40B

Q2 2023 Earnings

Real Estate Real Estate - Services

Income Statement

Revenue

$7.7B-0.7% YoY

Gross Profit

$1.5B20.0% margin

Operating Income

$306M4.0% margin

Net Income

$201M2.6% margin

EPS (Diluted)

$0.64

QoQ Revenue Growth

+4.2%

Cash Flow

Operating Cash Flow

-$5M

Free Cash Flow

-$80M

Stock-Based Comp.

$0

Balance Sheet

Total Assets

$21.7B

Total Liabilities

$12.8B

Stockholders' Equity

$8.1B

Cash & Equivalents

$1.3B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$7.7B	$7.8B	-0.7%
Gross Profit	$1.5B	$1.7B	-10.3%
Operating Income	$306M	$517M	-40.8%
Net Income	$201M	$487M	-58.8%

Revenue Segments

Global Workplace Solutions Segment

$5.4B70%

Advisory Services Segment

$2.0B26%

Real Estate Investments Segment

$256M3%

Geographic Segments

UNITED STATES

$4.2B55%

All Other Countries

$2.5B32%

UNITED KINGDOM

$1.1B14%