Income Per Share and Stockholders’ Equity

6 Months Ended

Jun. 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 June 30,		Six Months Ended June 30,
	2026	2025	2026	2025
Basic Income Per Share
Net income attributable to CBRE Group, Inc. stockholders	$204	$215	$522	$378
Weighted-average shares outstanding for basic income per share	291,824,424	297,950,927	293,089,123	299,113,472
Basic income per share attributable to CBRE Group, Inc. stockholders	$0.70	$0.72	$1.78	$1.26

Diluted Income Per Share
Net income attributable to CBRE Group, Inc. stockholders	$204	$215	$522	$378
Weighted-average shares outstanding for basic income per share	291,824,424	297,950,927	293,089,123	299,113,472
Dilutive effect of contingently issuable shares	2,035,185	2,057,495	2,322,548	2,341,781
Weighted-average shares outstanding for diluted income per share	293,859,609	300,008,422	295,411,671	301,455,253
Diluted income per share attributable to CBRE Group, Inc. stockholders	$0.69	$0.72	$1.77	$1.25

For the three and six months ended June 30, 2026, 763,437 and 371,169, 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.

For the three and six months ended June 30, 2025, 639,807 and 412,610, 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.

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 June 30, 2026. The board also extended the term of the 2024 program through December 31, 2029.

During the three months ended June 30, 2026, we repurchased 3,096,341 shares of our common stock with an average

price of $133.94 per share for an aggregate of $414 million under the 2024 program. During the six months ended June 30,

2026, we repurchased 6,678,628 shares of our common stock with an average price of $141.55 per share for an aggregate of

$945 million under the 2024 program. As of June 30, 2026, we had approximately $3.9 billion of capacity remaining under the

2024 program.

During the three months ended June 30, 2025, we repurchased 2,123,191 shares of our common stock with an average

price of $120.43 per share for an aggregate of $256 million under the 2024 program. During the six months ended June 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.

CBRE GROUP, INC. 10-Q