Colliers' Q4 Revenue Hits $1.61B with 7% Growth, Full-Year Sales Up 15%
Colliers generated Q4 revenue of $1.61B, up 7% (5% local currency), net revenues of $1.43B (+9%), adjusted EBITDA of $245.1M (+9%) and adjusted EPS of $2.34 (+4%). For 2025, revenue climbed 15% to $5.56B, adjusted EPS rose 14% to $6.58 and agreed to acquire Ayesa Engineering.
1. Fourth Quarter Financial Performance
Colliers delivered consolidated Q4 revenues of $1.61 billion, up 7% (5% local currency), with net revenues rising 9% to $1.43 billion (7% local currency). Adjusted EBITDA reached $245.1 million (+9%), adjusted EPS was $2.34 (+4%), GAAP operating earnings totaled $135.5 million and GAAP diluted EPS was $1.19.
2. Full-Year Results and Cash Flow
For the year ended December 31, 2025, Colliers reported revenues of $5.56 billion, up 15%, net revenues of $4.87 billion (+14%), adjusted EBITDA of $732.5 million (+14%) and adjusted EPS of $6.58 (+14%). Recurring revenues represented over 70% of earnings and free cash flow conversion was 105% of adjusted net earnings.
3. Strategic Acquisition of Ayesa Engineering
In February 2026, Colliers agreed to acquire Ayesa Engineering, a global provider of engineering services. The deal is designed to deepen the company’s engineering capabilities, enhance cross-selling opportunities across its global client base and support continued scalable growth.