CBRE Group (CBRE) Revenue — Quarter Ended Sep 30, 2023
Revenue increased compared to the prior quarter and also rose relative to the same quarter a year ago. The sequential growth was modest, while the year-over-year gain was more pronounced.
Key takeaway
Quarter ended Sep 30, 2023 · FY2023 Q3
Revenue increased compared to the prior quarter and also rose relative to the same quarter a year ago. The sequential growth was modest, while the year-over-year gain was more pronounced.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$7.7B
Revenue reported for this quarter.
Quarter-over-quarter
+1.7%
Change from the immediately preceding quarter.
Year-over-year
+4.8%
Change from the comparable year-ago quarter.
Trailing four quarters
$30.7B
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 |
|---|---|---|
| Dec 31, 2022 | $8B | -2.7% |
| Mar 31, 2023 | $7.3B | +1.9% |
| Jun 30, 2023 | $7.6B | -0.1% |
| Sep 30, 2023 | $7.7B | +4.8% |
Revenue performance
The reported revenue moved higher, reflecting a positive direction for the quarter. The increase was supported by broad-based activity across the company's segments.
Quarterly comparison
Compared with the immediately preceding quarter, revenue improved slightly. When measured against the same quarter one year earlier, the revenue level was notably higher.
What to watch
Monitor whether the sequential revenue growth can sustain or accelerate in the coming quarters.