Income Per Share and Stockholders’ Equity

9 Months Ended

Sep. 30, 2026

14. Income Per Share and Stockholders’ Equity

The calculations of basic and diluted income per share attributable to CBRE Group, Inc. stockholders are as follows

(dollars in millions, except share and per share data):


	Three Months Ended September 30,		Nine Months Ended September 30,
	2026	2025	2026	2025
Basic Income Per Share
Net income attributable to CBRE Group, Inc. stockholders	$443	$363	$965	$741
Weighted-average shares outstanding for basic income per share	289,273,856	297,557,891	291,788,599	298,589,340
Basic income per share attributable to CBRE Group, Inc. stockholders	$1.53	$1.22	$3.31	$2.48

Diluted Income Per Share
Net income attributable to CBRE Group, Inc. stockholders	$443	$363	$965	$741
Weighted-average shares outstanding for basic income per share	289,273,856	297,557,891	291,788,599	298,589,340
Dilutive effect of contingently issuable shares	2,335,991	2,699,439	2,327,028	2,461,001
Weighted-average shares outstanding for diluted income per share	291,609,847	300,257,330	294,115,627	301,050,341
Diluted income per share attributable to CBRE Group, Inc. stockholders	$1.52	$1.21	$3.28	$2.46

For the three and nine months ended September 30, 2026, 520,253 and 434,264, respectively, of contingently issuable

shares were excluded from the computation of diluted income per share because their inclusion would have had an anti-dilutive

effect.

No shares were excluded from the computation of diluted income per share for the three months ended September 30,

2025. For the nine months ended September 30, 2025, 331,034 of contingently issuable shares were excluded from the

computation of diluted income per share because their inclusion would have had an anti-dilutive effect.

Stock Repurchase Program

On November 21, 2024, our board of directors authorized an additional $5.0 billion to our existing $4.0 billion share

repurchase program (as amended, the 2024 program) bringing the total authorized amount under the 2024 program to a total of

$9.0 billion as of September 30, 2026. The board also extended the term of the 2024 program through December 31, 2029.

During the three months ended September 30, 2026, we repurchased 1,521,085 shares of our common stock with an

average price of $142.74 per share for an aggregate of $217 million under the 2024 program. During the nine months ended

September 30, 2026, we repurchased 8,199,713 shares of our common stock with an average price of $141.77 per share for an

aggregate of $1.2 billion under the 2024 program. As of September 30, 2026, we had approximately $3.7 billion of capacity

remaining under the 2024 program.

We did not repurchase any shares of our common stock during the three months ended September 30, 2025 under the

2024 program. During the nine months ended September 30, 2025, we repurchased 5,185,163 shares of our common stock with

an average price of $127.82 per share for an aggregate of $663 million under the 2024 program.