CBRE Group (CBRE) Revenue — Quarter Ended Mar 31, 2023
Revenue declined from the prior quarter but rose compared with the same quarter a year earlier. The sequential decrease followed a period of mixed quarterly results.
Key takeaway
Quarter ended Mar 31, 2023 · FY2023 Q1
Revenue declined from the prior quarter but rose compared with the same quarter a year earlier. The sequential decrease followed a period of mixed quarterly results.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$7.3B
Revenue reported for this quarter.
Quarter-over-quarter
-9.0%
Change from the immediately preceding quarter.
Year-over-year
+1.9%
Change from the comparable year-ago quarter.
Trailing four quarters
$30.3B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Jun 30, 2022 | $7.6B | +20.8% |
| Sep 30, 2022 | $7.4B | +11.3% |
| Dec 31, 2022 | $8B | -2.7% |
| Mar 31, 2023 | $7.3B | +1.9% |
Revenue performance
The reported revenue for the quarter was lower than the immediately preceding quarter, reflecting a reversal of the prior period's growth.
Quarterly comparison
Compared with the same quarter one year earlier, revenue was higher, continuing a year-over-year upward trend. The sequential decline contrasts with the prior quarter's decrease, while the year-ago comparison shows improvement.
What to watch
The sequential revenue decline warrants attention given the prior quarter's similar direction.