Direct Answer
CBRE Group reports revenue across 4 business segments in its fiscal 2025 Form 10-K. Building Operations Experience is the largest, with $23.2 billion of revenue (57% of the total), followed by Advisory Services at $8.8 billion (22%). 56% of revenue came from the United States.
How Does CBRE Group Make Money?
No single line supplies a majority of revenue: the largest, Building Operations Experience, is 57%, which spreads CBRE Group's exposure across several demand drivers. Between fiscal 2024 and 2025, Building Operations Experience grew fastest (+14.9%) and Real Estate Investments slowest (-15.3%), so the revenue mix tilts toward Building Operations Experience while that gap lasts.
| Segment | FY2025 revenue | FY2024 revenue | Share of revenue | Change |
|---|---|---|---|---|
| Building Operations Experience | $23.2 billion | $20.2 billion | 57.3% | 14.9% |
| Advisory Services | $8.8 billion | $7.7 billion | 21.8% | 14.4% |
| Project Management | $7.7 billion | $6.8 billion | 18.9% | 12.5% |
| Real Estate Investments | $879 million | $1.0 billion | 2.2% | -15.3% |
Which CBRE Group Segments Earn the Most?
| Segment | FY2025 segment operating income | Segment margin |
|---|---|---|
| Building Operations Experience | $1.1 billion | 4.7% |
| Advisory Services | $1.8 billion | 20.7% |
| Project Management | $561 million | 7.3% |
| Real Estate Investments | $324 million | 36.9% |
Segment operating income is the profit measure CBRE Group reports to its chief operating decision maker for each segment. It usually leaves out corporate costs that are not allocated to a segment, so the segments usually add up to more than consolidated operating income, and margins are comparable within CBRE Group more safely than against another company.
Where Does CBRE Group's Revenue Come From?
Regions follow the definitions in the filing; most companies assign revenue by customer location.
| Region | FY2025 revenue | FY2024 revenue | Share of revenue | Change |
|---|---|---|---|---|
| United States | $22.8 billion | $20.2 billion | 56.3% | 13.3% |
| All Other Countries | $12.0 billion | $10.6 billion | 29.6% | 12.7% |
| United Kingdom | $5.7 billion | $5.0 billion | 14.1% | 14.9% |
What the Segment Figures Do Not Show
The rows above add up to 100% of CBRE Group's reported revenue for fiscal 2025; the difference is intersegment eliminations, corporate revenue or items the company reports outside its segments. Segment definitions are management's choice and change when a company reorganizes, in which case it restates prior years in the next filing, so a multi-year comparison should use the figures from a single filing. Revenue shows where sales come from, not where profit or cash is earned: a small segment can carry most of the margin.
Where These Numbers Come From
Every figure on this page is a value CBRE Group reported in the segment note and revenue disclosures of its Form 10-K filed February 12, 2026 (accession 0001138118-26-000005), read from the SEC's Financial Statement Data Sets. The prior-year column is the comparative figure from that same filing, so it reflects any restatement for a change in segments. Category names are the company's own XBRL labels, lightly reformatted for reading.
Rows that only total other rows (for example a "Products" line beside the individual products) are left out so nothing is counted twice. This page is educational and describes reported history for fiscal 2025; it is not a forecast or a recommendation.
Frequently Asked Questions
What are CBRE Group's business segments?
In its fiscal 2025 Form 10-K, CBRE Group reports revenue for Building Operations Experience, Advisory Services, Project Management and Real Estate Investments.
Which part of CBRE Group brings in the most revenue?
Building Operations Experience, with $23.2 billion of revenue in fiscal 2025, or 57% of the total.
How much of CBRE Group's revenue comes from outside the United States?
44% in fiscal 2025, by the geographic breakdown CBRE Group reports in its Form 10-K. Companies assign revenue to regions differently (customer location, shipping address or selling entity), so check the filing's definition before comparing companies.