CBRE Group (CBRE) Revenue — Quarter Ended Mar 31, 2024
Revenue declined from the preceding quarter. Compared with the same quarter a year earlier, revenue increased.
Key takeaway
Quarter ended Mar 31, 2024 · FY2024 Q1
Revenue declined from the preceding quarter. Compared with the same quarter a year earlier, revenue increased.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$7.8B
Revenue reported for this quarter.
Quarter-over-quarter
-11.8%
Change from the immediately preceding quarter.
Year-over-year
+7.1%
Change from the comparable year-ago quarter.
Trailing four quarters
$32B
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, 2023 | $7.6B | -0.1% |
| Sep 30, 2023 | $7.7B | +4.8% |
| Dec 31, 2023 | $8.9B | +10.6% |
| Mar 31, 2024 | $7.8B | +7.1% |
Revenue performance
The reported revenue shows a downward direction for the quarter.
Quarterly comparison
Revenue decreased compared to the immediately preceding quarter. However, revenue increased compared to the same quarter one year earlier.
What to watch
The decline from the prior quarter may warrant attention, especially if the trend continues.