CBRE Group, Inc. stock research
FY2026 Q1
CBRE Group (CBRE) Gross Margin & Quarterly History
Explore CBRE Group, Inc. (CBRE) gross margin from 2023 through the latest reported quarter, using SEC-sourced revenue, gross profit, and direct costs.
Gross margin takeaway
Quarter ended Mar 31, 2026 · FY2026 Q1
Revenue decreased from the prior quarter but increased from the same quarter last year. Gross profit followed the same pattern, while cost of revenue also declined sequentially and rose year-over-year, resulting in a gross margin that was slightly lower in both comparisons.
- The most observable driver of the margin change is the relative movement of cost of revenue: it declined less than revenue from the prior quarter and increased more than revenue from the year-ago period, leading to a compressed margin.
- Compared to the prior quarter, gross margin weakened slightly. Compared to the same quarter one year earlier, gross margin also weakened.
Gross margin snapshot
The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.
Gross margin
16.8%
Gross profit
$1.7B
Revenue
$10.4B
Cost of revenue
$8.7B
Quarter-over-quarter change
-0.2 pts
Year-over-year change
-0.5 pts
Quarterly gross margin trend
A four-quarter view of the revenue and direct-cost bridge behind gross margin.
| Period | Revenue | Gross profit | Cost of revenue | Gross margin |
|---|---|---|---|---|
| Jun 30, 2025 | $9.6B | $1.6B | $7.9B | 17.1% |
| Sep 30, 2025 | $10.1B | $1.8B | $8.3B | 17.7% |
| Dec 31, 2025 | $11.4B | $1.9B | $9.5B | 17.0% |
| Mar 31, 2026 | $10.4B | $1.7B | $8.7B | 16.8% |
Quarterly comparisons
Compare the selected margin with the preceding quarter and the same fiscal quarter one year earlier.
Previous-quarter change
Dec 31, 2025
-0.2 pts
Year-over-year change
Mar 31, 2025
-0.5 pts
What the margin says
Filing-constrained interpretation of margin direction, comparisons, and what to monitor next.
The most observable driver of the margin change is the relative movement of cost of revenue: it declined less than revenue from the prior quarter and increased more than revenue from the year-ago period, leading to a compressed margin.
Compared to the prior quarter, gross margin weakened slightly. Compared to the same quarter one year earlier, gross margin also weakened.
Monitor the trend in cost of revenue relative to revenue, as the margin has moved lower in both comparisons.
Peer context
Latest available gross margins for related public companies.
| Company | Gross margin |
|---|---|
| CBRE Group, Inc. (CBRE) | 16.8% |