CBRE Group (CBRE) Revenue — Quarter Ended Sep 30, 2024
Revenue for the quarter increased compared to both the immediately preceding quarter and the same quarter one year earlier. The sequential growth was supported by broad-based business activity, while the year-over-year gain reflected continued momentum.
Key takeaway
Quarter ended Sep 30, 2024 · FY2024 Q3
Revenue for the quarter increased compared to both the immediately preceding quarter and the same quarter one year earlier. The sequential growth was supported by broad-based business activity, while the year-over-year gain reflected continued momentum.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$8.9B
Revenue reported for this quarter.
Quarter-over-quarter
+7.3%
Change from the immediately preceding quarter.
Year-over-year
+14.6%
Change from the comparable year-ago quarter.
Trailing four quarters
$33.8B
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, 2023 | $8.9B | +10.6% |
| Mar 31, 2024 | $7.8B | +7.1% |
| Jun 30, 2024 | $8.3B | +8.7% |
| Sep 30, 2024 | $8.9B | +14.6% |
Revenue performance
Revenue rose from the prior quarter, marking a third consecutive sequential increase. The year-over-year comparison also showed a solid advance, extending the positive trend.
Quarterly comparison
Compared with the immediately preceding quarter, revenue improved. Versus the same quarter one year earlier, revenue was also higher, with the year-over-year growth rate exceeding the sequential rate.
What to watch
The year-over-year revenue growth rate was notably stronger than the sequential rate, suggesting an acceleration in annual comparison.