EarningsQ2 2026 Earnings Report
MX:CIGIN Q2 2026 EPS Results
Actual EPS$32.78
Consensus EPS$32.03
Beat/MissBeat by +$0.75
One Year Ago EPS$30.39
MX:CIGIN Q2 2026 Revenue Results
Actual Revenue$27.82B
Expected Revenue$26.86B
Beat/MissBeat by +$961.56M
YoY Revenue Growth+16.65%
Earnings Announcement Details
QuarterQ2 2026
Date07/30/2026
TimeBefore Open
Conference CallThursday, July 30, 2026
MX:CIGIN Upcoming Earnings
Colliers International Group's next earnings date is estimated for November 4, 2026, based on past reporting schedules.
Q2 2026 Earnings Call Audio
MX:CIGIN Q2 2026 Earnings Call
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Q2 2026 Earnings Slide Deck
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call presented strong top-line momentum and improved earnings quality across all three platforms (commercial real estate, engineering, and investment management) with notable fundraising progress, AUM growth, completed strategic acquisition (Ayesa), and a healthy engineering backlog. Near-term challenges include margin pressure in investment management due to platform-building costs, higher interest expense affecting EPS, localized outsourcing timing issues in Europe and Asia, and typical engineering seasonality. Management expects deleveraging through H2, continued fundraising acceleration, and margin recovery in 2027, leading to a positive near-to-medium-term outlook despite some short-term headwinds.Company Guidance
Strong Consolidated Revenue and Net Revenue Growth
Consolidated revenues of $1.6 billion, up 16% year-over-year; net revenues of $1.4 billion, also up 16% (presented in local currency).
Improved Profitability Metrics
Adjusted EBITDA of $205 million, up 14% year-over-year; adjusted EPS of $1.83, up 6% (noting EPS was tempered by higher interest expense).
Commercial Real Estate Momentum
Double-digit revenue growth across commercial real estate platforms. Capital markets revenue rose ~23% and leasing revenues rose ~23%, led by the Americas and Asia Pacific and US industrial; segment net margin of 11.9%, up slightly year-over-year.
Engineering Segment Expansion and Backlog
Engineering net revenue increased 27% (including a partial quarter from Ayesa) with 5% internal growth year-to-date; net margin of 14.5% and a 12-month backlog as of June 30, providing strong visibility into H2.
Harrison Street and Investment Management Growth
Harrison Street AUM reached $110 billion; Harrison Street revenues increased 17%. Investment management net revenues increased 15%, and asset realizations returned $1.9 billion to LPs in the quarter ($3.0 billion YTD).
Fundraising Progress
Raised $2.2 billion in new capital commitments in Q2 and just under $3.0 billion for the six-month period; fundraising remains on plan with a 2026 target of $6 billion to $9 billion and expected acceleration in H2.
Stronger Earnings Quality and Recurring Revenue Mix
Management stated approximately 70% of earnings now come from resilient recurring revenue streams, improving cash flow stability and long-term visibility.
Balance Sheet and Deleveraging Plan
Completed Ayesa acquisition and finished Q2 with leverage of 2.8x; management expects deleveraging to ~2.3x by year-end and reiterated a long-term target leverage range of 1.5x–2.0x.
MX:CIGIN Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed