---
schema_version: "secwatch.filing_event.v1"
accession: "0001138118-24-000003"
form_type: "8-K"
ticker: "CBRE"
cik: "0001138118"
company_name: "CBRE GROUP, INC."
filed_at: "2024-02-15T23:59:59+00:00"
generated_at: "2026-06-06T00:45:50.437818+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# CBRE Q4 GAAP EPS $1.55, revenue $8.95B; FY Core EPS $3.84, guides 2024 Core EPS $4.25-$4.65

## Summary
- Q4 GAAP EPS $1.55 (up from $0.25 YoY); FY GAAP EPS $3.15 (down from $4.29).
- Q4 revenue $8.95B (+9.2% USD); FY revenue $31.95B (+3.6%).
- Q4 Core EPS $1.38; FY Core EPS $3.84; 2024 Core EPS guidance $4.25-$4.65 (mid-teens growth).
- All three segments posted Q4 YoY operating profit growth: Advisory $502M, GWS $292M, REI $68M.
- Announced $800M cash acquisition of J&J Worldwide Services (U.S. federal facilities) plus $250M earn-out.

## SEC filing metadata
- accession: 0001138118-24-000003
- form_type: 8-K
- ticker: CBRE
- cik: 0001138118
- company_name: CBRE GROUP, INC.
- filed_at: 2024-02-15T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1138118/000113811824000003/0001138118-24-000003-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1138118/000113811824000003/cbre-20240215.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001138118-24-000003
- JSON: https://secwatch.observer/filing/0001138118-24-000003.json
- Plain text: https://secwatch.observer/filing/0001138118-24-000003.txt

## Key facts
- Earnings Releases
  CBRE GROUP, INC. reported the fourth quarter ended December 31, 2023 results: revenue $8,950 million, net income $477 million, EPS $1.55. Guidance initiated.
  - Period: the fourth quarter ended December 31, 2023
  - Revenue: $8,950 million
  - Net income: $477 million
  - EPS: $1.55
  - Guidance: initiated
  - Result: reported results
  source text: Q4 2023 Q4 2022 USD LC (1) FY 2023 FY 2022 USD LC (1) Operating Results Revenue $ 8,950 $ 8,194 9.2 % 7.7 % $ 31,949 $ 30,828 3.6 % 4.1 % Net revenue (2) 5,187 4,975 4.3 % 2.9 % 18,276 18,777 (2.7) % (2.2) % GAAP net income 477 81 487.9 % 503.9 % 986 1,407 (30.0) % (28.0) % GAAP EPS 1.55 0.25 508.3 % 524.8 % 3.15 4.29 (26.6) % (24.6) %
  evidence_url: https://www.sec.gov/Archives/edgar/data/1138118/000113811824000003/0001138118-24-000003-index.htm
- Earnings Releases
  CBRE GROUP, INC. reported the year ended December 31, 2023 results: revenue $31,949 million, net income $986 million, EPS $3.15. Guidance initiated.
  - Period: the year ended December 31, 2023
  - Revenue: $31,949 million
  - Net income: $986 million
  - EPS: $3.15
  - Guidance: initiated
  - Result: reported results
  source text: Q4 2023 Q4 2022 USD LC (1) FY 2023 FY 2022 USD LC (1) Operating Results Revenue $ 8,950 $ 8,194 9.2 % 7.7 % $ 31,949 $ 30,828 3.6 % 4.1 % Net revenue (2) 5,187 4,975 4.3 % 2.9 % 18,276 18,777 (2.7) % (2.2) % GAAP net income 477 81 487.9 % 503.9 % 986 1,407 (30.0) % (28.0) % GAAP EPS 1.55 0.25 508.3 % 524.8 % 3.15 4.29 (26.6) % (24.6) %
  evidence_url: https://www.sec.gov/Archives/edgar/data/1138118/000113811824000003/0001138118-24-000003-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.