# CBRE Group (CBRE.US)

Canonical: https://gigainvestors.com/s/CBRE

Analysis as of: 2026-10-16T07:27:16.446Z. Financial observations: FY2001–FY2025.

Listing currency: USD. Reporting currency: USD.

## Verdict

Not a wonderful business

Quality tests for Buy: not passed (profit record: pass; earnings resilience is evidence only). Published buy qualification: no.

Share price: $135.49 per share; close as of 2026-10-15.

Estimated value: low $79.29 per share, central $103.65 per share, high $120.92 per share. Buy at or below the central value $103.65 per share. Valuation as of 2026-10-16T07:27:16.446Z; scenarios are not confidence intervals.

Expected annual return: 8.4% at the stated quote. About 8.4% a year at today's price (required return 10.0%). required return 10.0% a year (10% floor; US 10-year bond 5.1% + 4 points).

## Checklist

### understandable: pass

- 1 revenue decline in the last 10 years (informational)

- Financial history: 10 years

- Years with declining revenue: 1

- Years with a net loss: 0

- Operating margin variation: 0.19×

Chart: Operating margin; fiscal year observations.

- FY2016: 0.05×

- FY2017: 0.06×

- FY2018: 0.05×

- FY2019: 0.05×

- FY2020: 0.04×

- FY2021: 0.06×

- FY2022: 0.05×

- FY2023: 0.03×

- FY2024: 0.04×

- FY2025: 0.03×

### moat: fail

- Recent gross margin fell 6.7pp below the typical margin (limit 4pp)

- ROIC, median of available years: 19.7%

- ROIC, second-lowest year: 13.4%

- Typical minus recent gross margin: 6.7 pp

- Typical gross margin (annual median): 21.6%

- Recent gross margin (lower of latest and 3-year median): 15.0%

- Years with nonpositive capital: 0

- Capital spending / revenue: 1.0%

- ROIC including acquisitions, ten-year median: 12.8%

Chart: ROIC excluding acquisitions; fiscal year observations.

- FY2016: 17.6%

- FY2017: 23.2%

- FY2018: 23.3%

- FY2019: 21.8%

- FY2020: 13.8%

- FY2021: 23.6%

- FY2022: 25.2%

- FY2023: 13.4%

- FY2024: 16.3%

- FY2025: 10.4%

### economics: pass

- Owner earnings / net income, 5-yr: 1.27×

- Cash conversion uses consolidated totals: No

- Owner earnings, five-year total: $8.1B

- Net income, five-year total: $6.4B

- Return on incremental invested capital: 187.8%

- Working capital / revenue, annual change: -0.4 pp

- Working capital / revenue, change between three-year averages: -2.6 pp

- Working capital / revenue, final three-year average: 11.8%

Chart: Annual owner cash / profit; fiscal year observations.

- FY2021: 1.17×

- FY2022: 1.25×

- FY2023: 1.32×

- FY2024: 1.41×

- FY2025: 1.31×

### management: fail

- Historical market-dollar context (not the management verdict): 2016 to 2025 (9 years)

- potential debt-funded buybacks (informational)

- buybacks unrelated to price (informational)

- ROIC first 3 years vs last 3 years: 23.2% vs 13.4%

- Per-share earnings: 1.69 to 3.15 (three-year endpoint medians)

- acquired goodwill and intangibles (proxy) exceeds half of ten-year net income with low and deteriorating ROIC

- Management verdict uses per-share economic progress: Yes

- Ordinary dilution, 10-year annual growth: -1.1%

- Ordinary dilution, 5-year annual growth: -2.3%

- Market cap gain: $37B

- Cumulative retained earnings: $7.3B

- Diluted shares, 10-year annual growth: -1.1%

- Diluted shares, 5-year annual growth: -2.3%

- $1 test, starting fiscal year: FY2016

- $1 test, ending fiscal year: FY2025

- Per-share value growth: 8.1%

- Per-share value change: $1.46

- Per-share value, starting three-year median: $1.69

- Per-share value, ending three-year median: $3.15

- Buybacks concentrated in cheaper years (correlation): -0.16

- Average buyback yield: 1.7%

- Buyback history: 10 years

- Debt-funded buybacks: Yes

- Acquisition spending: $6.0B

- Cumulative net income, 10 years: $11B

- ROIC, first three-year median: 23.2%

- ROIC, last three-year median: 13.4%

Chart: Earnings per share; fiscal year observations.

- FY2016: $1.69

- FY2017: $2.03

- FY2018: $3.10

- FY2019: $3.77

- FY2020: $2.22

- FY2021: $5.41

- FY2022: $4.29

- FY2023: $3.15

- FY2024: $3.14

- FY2025: $3.85

### accounting: pass

- Sloan accruals: -1.3%

- Receivables to sales index (DSRI): 1.15×

- Restructuring years, last five: 0

- Stock compensation / operating cash flow: 7.7%

- Earnings backed by cash: Yes

- Operating cash / earnings: 1.35×

- Accounting red flags: 0

- Goodwill and intangibles / equity: 1.13×

Chart: Sloan accruals; fiscal year observations.

- FY2016: -0.8%

- FY2017: -2.2%

- FY2018: -0.9%

- FY2019: 0.2%

- FY2020: -6.5%

- FY2021: -2.7%

- FY2022: -1.5%

- FY2023: 2.0%

- FY2024: -3.4%

- FY2025: -1.3%

## Holders

- [John Rogers](https://gigainvestors.com/AI): tracked 13F investor; follow the investor page for holding quarter and amounts.

- [Christopher Davis](https://gigainvestors.com/DAV): tracked 13F investor; follow the investor page for holding quarter and amounts.

- [Bill Nygren](https://gigainvestors.com/HA): tracked 13F investor; follow the investor page for holding quarter and amounts.

- [Richard Pzena](https://gigainvestors.com/PIM): tracked 13F investor; follow the investor page for holding quarter and amounts.

- [Martin Whitman](https://gigainvestors.com/TA): tracked 13F investor; follow the investor page for holding quarter and amounts.

- [Jeffrey Ubben](https://gigainvestors.com/VA): tracked 13F investor; follow the investor page for holding quarter and amounts.

- [William Von Mueffling](https://gigainvestors.com/cc): tracked 13F investor; follow the investor page for holding quarter and amounts.

## Price story

Down 20% since Jan 2026 · "CBRE maintains annual core profit forecast, flags 'less clear' outlook due to tariffs" (ca.finance.yahoo.com, Apr 2025) · sales +13.4%

Story as of 2026-10-16T09:58:28.183Z; price observation 2026-10-15.

Price needs cash profits to grow 7.9% a year for ten years

- 2025-04-24: CBRE maintains annual core profit forecast, flags 'less clear' outlook due to tariffs ([ca.finance.yahoo.com](https://ca.finance.yahoo.com/news/cbre-maintains-annual-core-profit-131452671.html))

- 2025-05-12: CBRE Q1 Earnings Call: Outperformance Driven by Leasing and Diversified Services Amid Tariff Uncertainty ([finance.yahoo.com](https://finance.yahoo.com/news/cbre-q1-earnings-call-outperformance-095107447.html))

- 2025-07-29: CBRE beats top-line and bottom-line estimates; raises FY25 outlook ([seekingalpha.com](https://seekingalpha.com/news/4473189-cbre-beats-top-line-and-bottom-line-estimates-raises-fy25-outlook?utm_source=feed_news_all&utm_medium=referral&feed_item_type=news))

- 2026-04-24: CBRE Q1 Deep Dive: Infrastructure Services and Data Center Momentum Propel Growth ([finance.yahoo.com](https://finance.yahoo.com/markets/stocks/articles/cbre-q1-deep-dive-infrastructure-231723537.html))

### Sales · FY2024–2025

sales +13.4%; source https://www.sec.gov/Archives/edgar/data/1138118/000113811826000005/cbre-20251231.htm; observed 2026-02-12.

- FY2016: $17B 

- FY2017: $19B 

- FY2018: $21B 

- FY2019: $24B 

- FY2020: $24B 

- FY2021: $28B 

- FY2022: $31B 

- FY2023: $32B 

- FY2024: $36B 

- FY2025: $41B 

### Gross margin · FY2025

gross margin 15%; source https://www.sec.gov/Archives/edgar/data/1138118/000113811826000005/cbre-20251231.htm; observed 2026-02-12.

- FY2016: 22.9% 

- FY2017: 23.2% 

- FY2018: 22.9% 

- FY2019: 21.8% 

- FY2020: 20.2% 

- FY2021: 22.2% 

- FY2022: 21.5% 

- FY2023: 19.7% 

- FY2024: 19.6% 

- FY2025: 15.0% 

## Owner memo

Memo as of 2026-10-16T08:06:05.509Z.

### How it makes money

Operates in real estate services; annual sales are USD 40.5 billion.

- Source: https://www.sec.gov/Archives/edgar/data/1138118/000113811826000005/cbre-20251231.htm (filed 2026-02-12); FY2025: revenue 40550000000; grossProfit 6071000000; margin = grossProfit / revenue.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-10-16); CBRE.US: CBRE Group, Inc. operates as a commercial real estate services and investment company in the United States, the United Kingdom, and internationally. The company operates through Advisory Services, Building Operations and Experience, Project Management, and Real Estate Investments segments. The Advisory Services segment offers strategic advice and execution to owners, investors, and occupiers of real estate in connection with leasing of offices, and industrial and retail space; clients fully integrated property sales services under the CBRE Capital Markets brand; clients commercial mortgage and structured financing services; originates and sells commercial mortgage loans; property management services, such as marketing, building engineering, lease administration, accounting, investment reporting services, financial services on a contractual basis for owners of and investors in office, industrial, and retail properties; and valuation services that include market value appraisals, litigation support, discounted cash flow analyses, and feasibility studies, as well as consulting services, such as property condition reports, hotel advisory, and environmental consulting. The Global Workplace Solutions segment provides facilities management, and project management services comprising building consulting, program, and project and cost management services under the Turner & Townsend brand name. The Real Estate Investments segment offers investment management services under the CBRE Investment Management brand to pension funds, insurance companies, sovereign wealth funds, foundations, endowments, and other institutional investors and development services, such as real estate development and investment activities under the Trammell Crow Company brand to users and investors in commercial real estate, and for their own account. CBRE Group, Inc. was founded in 1906 and is headquartered in Dallas, Texas.

### Why customers stay

Margins ranged from 15% to 19.7% during 2023–25; it earns 19.7% on its capital.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-02-12); FY2023: grossProfit / revenue = 19.7%.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-02-12); FY2024: grossProfit / revenue = 19.6%.

- Source: https://www.sec.gov/Archives/edgar/data/1138118/000113811826000005/cbre-20251231.htm (filed 2026-02-12); FY2025: grossProfit / revenue = 15%.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-02-12); 10-year return on capital observations [[2016,0.17632046568342966],[2017,0.232291646995486],[2018,0.2330640885466953],[2019,0.21815573120643483],[2020,0.13848703343026555],[2021,0.23609615083419588],[2022,0.25166774202597697],[2023,0.13409813617736283],[2024,0.16307490759369297],[2025,0.10414519083896337]]; median 0.19723809844493223. ROIC follows the displayed moat series; financial companies use return on tangible equity.

### Where the cash goes

Paid dividends in 3 of 10 years; bought back USD 968 million of shares.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-02-12); FY2016: growth capex 0; upkeep 191205000; owner earnings 747695000. Growth capex / owner earnings = 0.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-02-12); FY2017: growth capex 0; upkeep 178042000; owner earnings 919551000. Growth capex / owner earnings = 0.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-02-12); FY2018: growth capex 0; upkeep 227803000; owner earnings 1287404000. Growth capex / owner earnings = 0.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-02-12); FY2019: growth capex 0; upkeep 293514000; owner earnings 1428067000. Growth capex / owner earnings = 0.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-02-12); FY2020: growth capex 0; upkeep 266575000; owner earnings 1019842000. Growth capex / owner earnings = 0.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-02-12); FY2021: growth capex 0; upkeep 209851000; owner earnings 2153020000. Growth capex / owner earnings = 0.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-02-12); FY2022: growth capex 0; upkeep 260140000; owner earnings 1759948000. Growth capex / owner earnings = 0.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-02-12); FY2023: growth capex 0; upkeep 305000000; owner earnings 1303000000. Growth capex / owner earnings = 0.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-02-12); FY2024: growth capex 0; upkeep 307000000; owner earnings 1362000000. Growth capex / owner earnings = 0.

- Source: https://www.sec.gov/Archives/edgar/data/1138118/000113811826000005/cbre-20251231.htm (filed 2026-02-12); FY2025: growth capex 0; upkeep 366000000; owner earnings 1520000000. Growth capex / owner earnings = 0.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-02-12); Dividend observations: [[2016,19133000],[2017,8715000],[2018,13413000],[2019,0],[2020,0],[2021,0],[2022,0],[2023,0],[2024,0],[2025,0]]. Zero only counted when supported by a complete cash-flow statement.

- Source: https://www.sec.gov/Archives/edgar/data/1138118/000113811826000005/cbre-20251231.htm (filed 2026-02-12); FY2025: cash repurchases 968000000 USD.

### Are managers owners

Insiders own 0.5% of the company.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-10-16); CBRE.US SharesStats.PercentInsiders = 0.509 percentage points; cache date 2026-10-16.

### What could break it

"We have concentrations of business with large clients" (SEC filing, Feb 2026)

- Source: https://www.sec.gov/Archives/edgar/data/1138118/000113811826000005/cbre-20251231.htm (filed 2026-02-12); We have concentrations of business with large clients

### What the price says

The price assumes cash profits grow 7.9% yearly over ten years; actual growth was 8.9%.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-02-12); Ten-year compound average after fade. Initial solved rate 0.10018120869640057. Price 135.49; FX 1; discount 0.1; same standard ten-year fade to terminal 0.03. FY2015 owner earnings/share 2.1454581660924035 → FY2025 5.05400569169486. Closing-price date 2026-10-15.

## Monthly share-price history (USD per share)

- 2016-10: $25.76 per share

- 2016-11: $29.04 per share

- 2016-12: $31.49 per share

- 2017-01: $30.36 per share

- 2017-02: $35.62 per share

- 2017-03: $34.79 per share

- 2017-04: $35.81 per share

- 2017-05: $34.88 per share

- 2017-06: $36.40 per share

- 2017-07: $37.99 per share

- 2017-08: $36.08 per share

- 2017-09: $37.88 per share

- 2017-10: $39.32 per share

- 2017-11: $43.36 per share

- 2017-12: $43.31 per share

- 2018-01: $45.69 per share

- 2018-02: $46.75 per share

- 2018-03: $47.22 per share

- 2018-04: $45.31 per share

- 2018-05: $46.19 per share

- 2018-06: $47.74 per share

- 2018-07: $49.80 per share

- 2018-08: $48.81 per share

- 2018-09: $44.10 per share

- 2018-10: $40.29 per share

- 2018-11: $43.68 per share

- 2018-12: $40.04 per share

- 2019-01: $45.75 per share

- 2019-02: $49.76 per share

- 2019-03: $49.45 per share

- 2019-04: $52.07 per share

- 2019-05: $45.70 per share

- 2019-06: $51.30 per share

- 2019-07: $53.01 per share

- 2019-08: $52.27 per share

- 2019-09: $53.01 per share

- 2019-10: $53.55 per share

- 2019-11: $57.02 per share

- 2019-12: $61.29 per share

- 2020-01: $61.05 per share

- 2020-02: $56.14 per share

- 2020-03: $37.71 per share

- 2020-04: $42.93 per share

- 2020-05: $43.98 per share

- 2020-06: $45.22 per share

- 2020-07: $43.81 per share

- 2020-08: $47.03 per share

- 2020-09: $46.97 per share

- 2020-10: $50.40 per share

- 2020-11: $61.14 per share

- 2020-12: $62.72 per share

- 2021-01: $60.98 per share

- 2021-02: $75.77 per share

- 2021-03: $79.11 per share

- 2021-04: $85.20 per share

- 2021-05: $87.78 per share

- 2021-06: $85.73 per share

- 2021-07: $96.46 per share

- 2021-08: $96.30 per share

- 2021-09: $97.36 per share

- 2021-10: $104.08 per share

- 2021-11: $95.57 per share

- 2021-12: $108.51 per share

- 2022-01: $101.34 per share

- 2022-02: $96.85 per share

- 2022-03: $91.52 per share

- 2022-04: $83.04 per share

- 2022-05: $82.84 per share

- 2022-06: $73.61 per share

- 2022-07: $85.62 per share

- 2022-08: $78.96 per share

- 2022-09: $67.51 per share

- 2022-10: $70.94 per share

- 2022-11: $79.60 per share

- 2022-12: $76.96 per share

- 2023-01: $85.51 per share

- 2023-02: $85.14 per share

- 2023-03: $72.81 per share

- 2023-04: $76.66 per share

- 2023-05: $74.92 per share

- 2023-06: $80.71 per share

- 2023-07: $83.31 per share

- 2023-08: $85.05 per share

- 2023-09: $73.86 per share

- 2023-10: $69.34 per share

- 2023-11: $78.96 per share

- 2023-12: $93.09 per share

- 2024-01: $86.31 per share

- 2024-02: $91.89 per share

- 2024-03: $97.24 per share

- 2024-04: $86.89 per share

- 2024-05: $88.07 per share

- 2024-06: $89.11 per share

- 2024-07: $112.71 per share

- 2024-08: $115.14 per share

- 2024-09: $124.48 per share

- 2024-10: $130.97 per share

- 2024-11: $139.99 per share

- 2024-12: $131.29 per share

- 2025-01: $144.74 per share

- 2025-02: $141.94 per share

- 2025-03: $130.78 per share

- 2025-04: $122.18 per share

- 2025-05: $125.02 per share

- 2025-06: $140.12 per share

- 2025-07: $155.74 per share

- 2025-08: $162.12 per share

- 2025-09: $157.56 per share

- 2025-10: $152.43 per share

- 2025-11: $161.83 per share

- 2025-12: $160.79 per share

- 2026-01: $170.33 per share

- 2026-02: $147.66 per share

- 2026-03: $135.46 per share

- 2026-04: $142.73 per share

- 2026-05: $125.04 per share

- 2026-06: $134.69 per share

- 2026-07: $146.81 per share

- 2026-08: $145.81 per share

- 2026-09: $128.47 per share

- 2026-10: $129.67 per share

## Annual estimated value (USD per share)

- FY2016: low $33.73 per share, central $43.14 per share, high $50.22 per share

- FY2017: low $33.06 per share, central $40.65 per share, high $47.23 per share

- FY2018: low $49.51 per share, central $66.75 per share, high $78.04 per share

- FY2019: low $58.46 per share, central $82.90 per share, high $97.12 per share

- FY2020: low $50.76 per share, central $69.72 per share, high $81.11 per share

- FY2021: low $71.88 per share, central $100.32 per share, high $116.88 per share

- FY2022: low $63.60 per share, central $72.07 per share, high $83.35 per share

- FY2023: low $65.79 per share, central $74.58 per share, high $86.29 per share

- FY2024: low $55.62 per share, central $63.11 per share, high $73.08 per share

- FY2025: low $72.54 per share, central $94.33 per share, high $109.78 per share

Historical values use today's bond yield for every fiscal year

Historical values use today's FX rate into trading currency for every fiscal year

Historical values use current restated fundamentals and current commodity classification; they are not point-in-time estimates

## Sources

[Original 10-K filing](https://www.sec.gov/Archives/edgar/data/1138118/000113811826000005/cbre-20251231.htm); period 2025-12-31, filed 2026-02-12.

Estimates depend on assumptions and are not guarantees or investment advice. Underlying data remains subject to its source licenses; public reading does not grant bulk redistribution rights.

## Reported holder observations

- [John Rogers](https://gigainvestors.com/AI): 343,527 CBRE shares; USD 46,270,000 reported position value; 0.46% of portfolio; add; quarter 2026 Q2.
- [Christopher Davis](https://gigainvestors.com/DAV): 25,390 CBRE shares; USD 3,420,000 reported position value; 0.01% of portfolio; reduce; quarter 2026 Q2.
- [Bill Nygren](https://gigainvestors.com/HA): 6,013,890 CBRE shares; USD 810,011,000 reported position value; 1.08% of portfolio; reduce; quarter 2026 Q2.
- [Richard Pzena](https://gigainvestors.com/PIM): 305,781 CBRE shares; USD 41,186,000 reported position value; 0.12% of portfolio; add; quarter 2026 Q2.
- [Martin Whitman](https://gigainvestors.com/TA): 135,896 CBRE shares; USD 18,304,000 reported position value; 2.93% of portfolio; reduce; quarter 2026 Q2.
- [Jeffrey Ubben](https://gigainvestors.com/VA): 992,391 CBRE shares; USD 133,665,000 reported position value; 2.37% of portfolio; add; quarter 2026 Q2.
- [William Von Mueffling](https://gigainvestors.com/cc): 181,083 CBRE shares; USD 24,390,000 reported position value; 3.67% of portfolio; reduce; quarter 2026 Q2.

# CBRE — CBRE Group

Held by 7 investors · USD 1,077,246,000 total · 2026 Q2 · reported price USD 134.69 (split-adjusted).
Page: https://gigainvestors.com/s/CBRE

## Holders (2026 Q2)

| Investor | Value | % of their portfolio | This quarter |
|---|---:|---:|---|
| Bill Nygren (https://gigainvestors.com/HA) | USD 810,011,000 | 1.1% | reduce -6.36% |
| Jeffrey Ubben (https://gigainvestors.com/VA) | USD 133,665,000 | 2.4% | add +323.03% |
| John Rogers (https://gigainvestors.com/AI) | USD 46,270,000 | 0.5% | add +30.54% |
| Richard Pzena (https://gigainvestors.com/PIM) | USD 41,186,000 | 0.1% | add +1.3% |
| William Von Mueffling (https://gigainvestors.com/cc) | USD 24,390,000 | 3.7% | reduce -95.39% |
| Martin Whitman (https://gigainvestors.com/TA) | USD 18,304,000 | 2.9% | reduce -0.32% |
| Christopher Davis (https://gigainvestors.com/DAV) | USD 3,420,000 | <0.1% | reduce -0.86% |

## Total held by quarter

- 2011 Q4: USD 323,485,987 · 1 holder · USD 15.22
- 2012 Q1: USD 426,545,340 · 1 holder · USD 19.96
- 2012 Q2: USD 500,290,551 · 1 holder · USD 16.36
- 2012 Q3: USD 582,184,695 · 1 holder · USD 18.41
- 2012 Q4: USD 636,800,000 · 1 holder · USD 19.90
- 2013 Q1: USD 808,000,000 · 1 holder · USD 25.25
- 2013 Q2: USD 747,554,199 · 1 holder · USD 23.36
- 2013 Q3: USD 743,924,731 · 1 holder · USD 23.13
- 2013 Q4: USD 845,880,693 · 1 holder · USD 26.30
- 2014 Q1: USD 882,224,617 · 1 holder · USD 27.43
- 2014 Q2: USD 1,030,593,802 · 1 holder · USD 32.04
- 2014 Q3: USD 956,612,349 · 1 holder · USD 29.74
- 2014 Q4: USD 1,072,786,378 · 1 holder · USD 34.25
- 2015 Q1: USD 1,212,483,523 · 1 holder · USD 38.71
- 2015 Q2: USD 1,159,113,985 · 1 holder · USD 37.00
- 2015 Q3: USD 1,002,476,960 · 1 holder · USD 32.00
- 2015 Q4: USD 1,083,301,665 · 1 holder · USD 34.58
- 2016 Q1: USD 1,058,757,948 · 2 holders · USD 28.82
- 2016 Q2: USD 1,067,428,342 · 2 holders · USD 26.48
- 2016 Q3: USD 1,206,240,632 · 2 holders · USD 27.98
- 2016 Q4: USD 1,577,018,917 · 2 holders · USD 31.49
- 2017 Q1: USD 1,740,346,789 · 2 holders · USD 34.79
- 2017 Q2: USD 1,535,439,287 · 2 holders · USD 36.40
- 2017 Q3: USD 1,380,573,874 · 2 holders · USD 37.88
- 2017 Q4: USD 1,385,306,817 · 2 holders · USD 43.31
- 2018 Q1: USD 1,267,401,610 · 2 holders · USD 47.22
- 2018 Q2: USD 1,310,959,257 · 2 holders · USD 47.74
- 2018 Q3: USD 1,190,804,605 · 3 holders · USD 44.10
- 2018 Q4: USD 1,083,415,413 · 3 holders · USD 40.04
- 2019 Q1: USD 1,005,140,332 · 3 holders · USD 49.45
- 2019 Q2: USD 1,035,944,010 · 3 holders · USD 51.30
- 2019 Q3: USD 909,899,122 · 3 holders · USD 53.01
- 2019 Q4: USD 1,042,412,492 · 3 holders · USD 61.29
- 2020 Q1: USD 649,977,480 · 4 holders · USD 37.71
- 2020 Q2: USD 781,843,086 · 4 holders · USD 45.22
- 2020 Q3: USD 808,738,822 · 4 holders · USD 46.97
- 2020 Q4: USD 1,074,884,856 · 4 holders · USD 62.72
- 2021 Q1: USD 1,205,157,748 · 4 holders · USD 79.11
- 2021 Q2: USD 1,296,416,251 · 4 holders · USD 85.73
- 2021 Q3: USD 1,366,960,297 · 4 holders · USD 97.36
- 2021 Q4: USD 1,488,328,550 · 4 holders · USD 108.51
- 2022 Q1: USD 1,266,327,721 · 4 holders · USD 91.52
- 2022 Q2: USD 1,030,761,486 · 4 holders · USD 73.61
- 2022 Q3: USD 970,042,796 · 5 holders · USD 67.51
- 2022 Q4: USD 1,068,281,147 · 4 holders · USD 76.96
- 2023 Q1: USD 1,005,289,579 · 4 holders · USD 72.81
- 2023 Q2: USD 1,506,358,882 · 5 holders · USD 80.71
- 2023 Q3: USD 884,073,653 · 5 holders · USD 73.86
- 2023 Q4: USD 1,292,162,089 · 5 holders · USD 93.09
- 2024 Q1: USD 3,057,973,196 · 9 holders · USD 97.24
- 2024 Q2: USD 2,534,680,931 · 7 holders · USD 89.11
- 2024 Q3: USD 2,906,842,395 · 7 holders · USD 124.48
- 2024 Q4: USD 2,427,435,958 · 6 holders · USD 131.29
- 2025 Q1: USD 2,186,790,070 · 6 holders · USD 130.78
- 2025 Q2: USD 2,296,606,345 · 7 holders · USD 140.12
- 2025 Q3: USD 2,117,560,601 · 7 holders · USD 157.56
- 2025 Q4: USD 1,974,140,067 · 6 holders · USD 160.79
- 2026 Q1: USD 1,532,826,769 · 7 holders · USD 135.46
- 2026 Q2: USD 1,077,246,000 · 7 holders · USD 134.69