CBRE Group (CBRE) Revenue — Quarter Ended Jun 30, 2023
Revenue for the quarter increased compared to the immediately preceding quarter, while it was nearly flat relative to the same quarter one year earlier. The sequential improvement reflects a recovery from the prior period's decline.
Key takeaway
Quarter ended Jun 30, 2023 · FY2023 Q2
Revenue for the quarter increased compared to the immediately preceding quarter, while it was nearly flat relative to the same quarter one year earlier. The sequential improvement reflects a recovery from the prior period's decline.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$7.6B
Revenue reported for this quarter.
Quarter-over-quarter
+4.1%
Change from the immediately preceding quarter.
Year-over-year
-0.1%
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 |
|---|---|---|
| Sep 30, 2022 | $7.4B | +11.3% |
| Dec 31, 2022 | $8B | -2.7% |
| Mar 31, 2023 | $7.3B | +1.9% |
| Jun 30, 2023 | $7.6B | -0.1% |
Revenue performance
The reported revenue moved higher from the prior quarter, marking a positive sequential performance. However, on a year-over-year basis, revenue showed a slight decrease.
Quarterly comparison
Compared with the immediately preceding quarter, revenue rose moderately. Versus the same quarter one year earlier, revenue was virtually unchanged, with a negligible decline.
What to watch
The filing context notes anticipated capital expenditures for the fiscal year, but no direct commentary on revenue drivers is provided.