CBRE Q2 2024 Earnings — CBRE Group, Inc. Revenue & Financial Results | Market Cap Arena

CBRECBRE Group, Inc.

$40B

Q2 2024 Earnings

Real Estate Real Estate - Services

Income Statement

Revenue

$8.4B+8.7% YoY

Gross Profit

$1.6B19.0% margin

Operating Income

$246M2.9% margin

Net Income

$130M1.5% margin

EPS (Diluted)

$0.42

QoQ Revenue Growth

+5.7%

Cash Flow

Operating Cash Flow

$294M

Free Cash Flow

$227M

Stock-Based Comp.

$0

Balance Sheet

Total Assets

$23.5B

Total Liabilities

$14.3B

Stockholders' Equity

$8.4B

Cash & Equivalents

$928M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$8.4B	$7.7B	+8.7%
Gross Profit	$1.6B	$1.5B	+3.7%
Operating Income	$246M	$306M	-19.6%
Net Income	$130M	$201M	-35.3%

Revenue Segments

Global Workplace Solutions Segment

$5.9B71%

Advisory Services Segment

$2.2B26%

Real Estate Investments Segment

$232M3%

Geographic Segments

UNITED STATES

$4.7B56%

All Other Countries

$2.5B30%

UNITED KINGDOM

$1.2B14%