Colliers International Group Inc. recently released its financial results for the third quarter ending September 30, 2025. The earnings report painted a robust picture of growth across its business segments, highlighting the company's strategic advancements and resilience in a challenging economic climate.
Colliers International Group Inc Earnings Overview
In the third quarter of 2025, Colliers International achieved consolidated revenues of $1.46 billion, marking a notable increase of 24% from the prior year. Net revenues rose to $1.26 billion, a growth of 19%. Adjusted EBITDA also saw a surge, reaching $191.1 million, a 24% increase over the same period last year. Adjusted earnings per share (EPS) rose by 24% to $1.64, demonstrating substantial profitability growth.
A closer look at the year-to-date figures underlines steady performance. For the first nine months of 2025, revenues climbed to $3.95 billion, up 19% annually, while net revenues increased by 16% to $3.44 billion. The standing Adjusted EBITDA of $487.4 million signifies a 16% rise, supported by a consistent growth trajectory reflected across all segments.
Key Financial Metrics
The following table illustrates Colliers' financial performance year-over-year for the third quarter ending September 30, 2025:
| Metric | Q3 2025 ($ millions) | Q3 2024 ($ millions) | % Change |
|---|---|---|---|
| Total Revenue | 1,460 | 1,177 | +24% |
| Net Revenue | 1,260 | 1,058 | +19% |
| Adjusted EBITDA | 191.1 | 154.2 | +24% |
| Adjusted EPS (USD) | 1.64 | 1.32 | +24% |
| GAAP Operating Earnings | 104.7 | 109.7 | -4.6% |
| GAAP Diluted EPS (USD) | 0.82 | 0.73 | +12.3% |
The leap in Adjusted EPS underscores Colliers' adept financial management and strategic investments across varying domains. Despite a slight decrease in GAAP operating earnings due to specific reversal transactions in the previous year, the company demonstrates robust operational earnings.
Revenue Breakdown
Colliers' segmented revenue performance offers further insight into its diversified business model, as shown in the table below:
| Segment | Revenue Q3 2025 ($ millions) | Revenue Q3 2024 ($ millions) | % Change |
|---|---|---|---|
| Real Estate Services | 838.6 | 735.6 | +14% |
| Engineering | 488.1 | 317.1 | +54% |
| Investment Management | 136.3 | 127.4 | +7% |
The Real Estate Services segment, which combines leasing and capital market services, saw revenues increase by 14%, driven by growth in leasing and capital markets. Leasing experienced a 15% increase in revenues, while capital markets soared by 21% across geographies. The Engineering segment recorded the highest growth rate, with revenues jumping by 54%, propelled by strategic acquisitions and infrastructure projects’ expansion. Meanwhile, Investment Management reported a moderate growth of 7%, powered by the strategic unification of operations under the Harrison Street brand and an integrated investment portfolio.
Key Developments
Highlighting the quarter, Colliers advanced its integration across Investment Management operations, expanding its strategic reach under the Harrison Street Asset Management brand. This integration strengthens the company's standing in real asset investing, facilitating unified investment strategies across infrastructure, alternatives, real estate, and credit sectors within North America and Europe.
Comments from Company Officers
Jay S. Hennick, Chairman and CEO of Colliers, expressed optimism regarding the company’s ongoing advancement: "Colliers delivered excellent third-quarter results, highlighting our momentum across all segments of our business. Our growth in Engineering, driven both by strategic acquisitions and robust organic performance, underscores our resilient expansion strategy," said Hennick. He attributed the company's strength to its diversified operations and robust management strategies. He further assures stakeholders of continued growth: "We are well-positioned to seize opportunities and deliver lasting value for shareholders."
Colliers International Group Inc Stock Forecast
Given Colliers' solid performance and strategic initiatives, the company's stock shows potential for continued growth. Historically providing around a 20% compound annual return, Colliers’ diversified service lines and strategic acquisitions support its robust financial outlook. While market volatility may influence short-term stock movements, the company’s momentum likely positions it for stock price increases.
Stock Price Projection
- High Projection : $185
- Low Projection : $160
The high projection capitalizes on the company's consistent performance and strategic maneuvers, assuming market conditions remain favorable. The low projection considers potential risks such as market volatility and economic changes affecting the real estate landscape. Colliers' market cap currently stands at approximately $5.71 billion, providing a solid foundation for future growth.
Overall, Colliers International Group Inc's third-quarter earnings underscore its strategic resilience, robust business model, and an unwavering commitment to long-term shareholder value. The report highlights the company's dynamic approach toward capturing market opportunities, ensuring sustained profitability and growth.
