CBRE Q4 International Revenue Surpasses Estimates: UK +2.9%, Other Markets +6.6%
CBRE’s Q4 revenue was $11.63B, up 11.8%, with UK revenue at $1.64B (+2.88% surprise) and other international markets generating $3.57B (+6.61% surprise). Analysts project Q1 revenue of $9.97B (+11.9%) with the UK contributing $1.36B (13.7%) and other markets $2.83B (28.4%).
1. Q4 International Revenue Breakdown
In the quarter ended December 2025, CBRE reported total revenues of $11.63 billion, an 11.8% year-over-year increase. International operations contributed $1.64 billion (14.1% of total) in the UK—2.88% above estimates—and $3.57 billion (30.7% of total) across all other markets, beating forecasts by 6.61%.
2. Analyst Projections
For the fiscal quarter ending March 2026, analysts forecast total revenue of $9.97 billion, a 11.9% year-over-year rise, with the UK accounting for $1.36 billion (13.7% of total) and other international markets $2.83 billion (28.4%). Full-year consensus calls for $44.55 billion in revenue, with UK and other regions contributing $5.96 billion (13.4%) and $12.44 billion (27.9%), respectively.
3. Market Reaction and Valuation Implications
CBRE shares have fallen 17.1% over the past month and 9.2% over three months, compared with S&P 500 moves of –1.7% and +1.7%. Sustained international revenue growth and surprise beats may prompt upward earnings revisions and support valuation multiples as investors reassess the global growth outlook.