Abstract

CBRE Group Inc will report fiscal fourth-quarter results on February 12, 2026 Pre-Market; investors will focus on revenue, margins, and adjusted EPS amid improving transaction pipelines and resilient outsourcing demand.

Market Forecast

Consensus forecasts for CBRE Group Inc’s current quarter point to revenue of $11.70 billion, EBIT of $1.02 billion, and adjusted EPS of $2.68, implying year-over-year growth of 13.80%, 28.65%, and 20.27%, respectively. Management’s forecast framework and market models also imply continued margin normalization, though a granular gross profit margin or net profit margin outlook was not disclosed in the dataset.

The company’s main business mix is expected to be led by Building Operations and Experience, Advisory Services, and Project Management, with continued recovery in property sales and leasing and stable outsourcing revenue pipelines. The segment with the most promising momentum is Building Operations and Experience, a scaled outsourcing offering benefiting from sticky contracts and inflation escalators, which underpins mid- to high-single-digit organic growth and margin resilience.

Last Quarter Review

In the previous quarter, CBRE Group Inc delivered revenue of $10.26 billion, a gross profit margin of 19.05%, GAAP net profit attributable to the parent company of $0.36 billion, a net profit margin of 3.54%, and adjusted EPS of $1.61, with revenue and adjusted EPS both growing year over year.

One highlight was robust quarter-on-quarter profit acceleration, with net profit rising 68.84% supported by disciplined cost control and operating leverage as transaction activity improved. The main business mix featured Building Operations and Experience at $5.79 billion, Advisory Services at $2.24 billion, Project Management at $2.03 billion, and Real Estate Investments at $0.21 billion, reflecting broad-based contribution from fee-based outsourcing and project delivery.

Current Quarter Outlook

Main business trajectory and near-term revenue drivers

Building Operations and Experience remains the primary revenue engine, backed by multi-year integrated facilities management contracts, enterprise occupier relationships, and inflation-linked pricing mechanisms. As corporate clients continue to prioritize cost, uptime, and sustainability, outsourcing scope expansion is a realistic driver for recurring fee growth this quarter. Advisory Services, including leasing and capital markets, is positioned to benefit from an improving pipeline as bid-ask spreads narrow in several gateway markets and refinancing timelines force transactions, although the rebound is uneven by asset type. Project Management should see steady execution on enterprise rollouts and cost-plus assignments, with a typical seasonal uptick into year-end completions that could support revenue mix and fee margins. Together, these trends align with the forecasted double-digit top-line growth and EBIT expansion, suggesting incremental operating leverage if revenue conversion holds.

Most promising business and margin implications

The most promising opportunity near term is Building Operations and Experience, which generated $5.79 billion last quarter and continues to compound from strong client retention and share gains. The model’s durability comes from multi-year contracts with embedded indexation that can lift revenue without the need for cyclical transaction volumes, supporting more stable gross profit dynamics. As volumes gradually return to Advisory Services, the combined effect can be a healthier blend of recurring and cyclical revenue, allowing gross margin to normalize toward pre-tightening levels. With EBIT forecast to rise 28.65% year over year on 13.80% revenue growth, the setup indicates margin expansion from operating leverage and improved utilization, provided cost discipline remains intact and variable compensation scales appropriately with transaction recovery.

Stock-price sensitivities this quarter

The stock is likely to react to the balance between cyclical transaction rebound and the consistency of outsourcing growth. Upside scenarios center on stronger-than-modeled leasing absorption in office and industrial and an earlier-than-expected thaw in investment sales, which would flow through high-margin Advisory Services. Conversely, a slower transaction recovery or elongated decision timelines by large occupiers could dampen EBIT conversion despite strong backlog. Investors will also parse commentary on the capital-light Real Estate Investments activities and any update on fundraising and deployment pacing, though this was a smaller revenue contributor last quarter at $0.21 billion. Guidance cadence around gross margin and net profit margin will be important to validate the implied operating leverage in current-quarter estimates.

Analyst Opinions

Recent institutional commentary skews bullish. Notable buy ratings were reiterated by Morgan Stanley with a price target of $180.00, Evercore ISI with a price target of $193.00, and Jefferies with a price target of $184.00 during the covered period. The ratio of bullish to bearish views is 100.00% bullish among the captured notes, reflecting confidence that revenue growth of 13.80% and EBIT growth of 28.65% can be achieved as transaction markets show early-stage recovery alongside resilient outsourcing. Analysts point to the diversified fee model, improving sales and leasing pipelines, and disciplined expense control as supports for double-digit EPS growth this quarter. The predominant view is that execution against this balanced growth profile, particularly stability in outsourcing and progressive recovery in Advisory Services, can sustain earnings momentum through the current quarter and set the tone for the subsequent quarters.