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Colliers International
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Latest analysis
Updated Nov 4, 2026
Colliers Q3 2026: Solid Revenue Growth Across All Segments, Full-Year Outlook Cut to Low Teens on Geopolitical Uncertainty and Rate Volatility
Colliers delivered Q3 2026 revenue of $1.64 billion, up 12% year-over-year, with Adjusted EBITDA of $218.8 million up 14% and Adjusted EPS of $1.97 up 20% — results management characterized as solid across all three segments. The company simultaneously revised its full-year 2026 outlook downward from mid-teens to low-teens growth across revenue, Adjusted EBITDA, and Adjusted EPS, attributing the cut explicitly to geopolitical uncertainty and interest rate volatility in Q4, not to underlying business deterioration. Capital Markets grew 9% in Q3 led by the Americas and EMEA, but transaction activity slowed late in the quarter as rate volatility increased, the clearest signal of near-term headwind to the highest-margin revenue line.
Tone: mixedRevenue
$5.6B
CIGI 40-F · FY 2025
Employees
23,660
Revenue FY2024
$4.8B
Founded
1988
Profile
CIGI 40-F Exhibit 1 · Feb 20, 2026Colliers International Group Inc. is a global diversified professional services and investment management company operating across three segments: Commercial Real Estate, Engineering, and Investment Management. The company provides commercial real estate brokerage, outsourcing, engineering design and consulting, and alternative asset management services in 33 countries. As of December 31, 2025, Colliers managed $108.2 billion in assets under management and employed approximately 24,000 people worldwide.
Read filing description ↓ Collapse description ↑
Colliers is one of the world's largest commercial real estate services providers offering a full range of commercial real estate services in the United States, Canada, Australia, the United Kingdom, Germany, New Zealand, China and several other countries in Asia, Europe and Latin America. The Company's financial results are segmented under three segments: (i) Commercial Real Estate; (ii) Engineering and (iii) Investment Management. The Commercial Real Estate segment provides capital markets, leasing and outsourcing services to owners, occupiers and investors across all major asset classes. The Engineering segment delivers engineering design and consulting, project management, architectural and environmental services, with more than 9,600 employees globally, backed by infrastructure renewal, energy transition and urbanization tailwinds. The Investment Management segment, operating as Harrison Street Asset Management (HSAM), is a global alternative asset manager focused on long-duration, demographic, needs-based and essential real assets; middle-market infrastructure; real asset private credit; and core and opportunistic real estate strategies. As of December 31, 2025, the Company had $108.2 billion of AUM, with 86% in perpetual or long-dated investment strategies. Over the last ten years, Colliers has focused on growing high-value recurring revenue streams from Outsourcing, Engineering and Investment Management, which as of December 31, 2025 represented more than 70% of the Company's earnings.
Primary products
- Property Sales brokerage
- Debt Finance Services
- Mortgage Investment Banking
- Landlord Representation
- Tenant Representation
- Property Management
Business segments
End markets
Geographies
Named customers
“We are one of the top global providers of professional commercial real estate services to owners, occupiers and investors.” Competitive position, as stated in the filing
Revenue commentary · FY 2025
Reported in USD. Total revenues grew from $4.82 billion in 2024 to $5.56 billion in 2025, driven by growth across all three segments, most notably Engineering, which expanded from $1.24 billion to $1.73 billion.
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