CIGI on Nasdaq

Colliers International

Logo: ™/®Colliers, Public domain, via Wikimedia Commons5

Canadian real estate investment firm

Colliers International Group Inc. is a Canadian diversified professional services and investment management company with approximately 29,000 employees in more than 400 offices in 65 countries.3 From Wikipedia, CC BY-SA 4.0

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Last updated Oct 19, 2026.

Overview

$5.6BRevenue, fiscal 20256
$224.6MNet income, fiscal 20256
1976Founded1

Compare with FirstService Corp, Brookfield Property Partners or Forestar Group, or pick any stock.

  • TickerCIGI on Nasdaq1
  • IndustryReal Estate1
  • HeadquartersToronto1
  • Founded inAustralia1
  • Websitewww.colliers.com
  • Legal formBusiness corporations (which includes professional corporations)1
  • Incorporated inOntario, Canada7
  • Business address1140 Bay Street, Suite 4000, Toronto, A6 M5S 2B47
  • Filer categoryLarge accelerated filer7
  • LEID3O8K13PHLEXXD1DT4804
  • StatusActive4
  • LEI statusIssued and current4
  • Registered address1140 Bay Street, Suite 4000, M5S 2B4 Toronto, Canada4
  • Registered withMinistry of Government and Consumer Services, 19368834

Colliers International Group Inc. is a Canadian diversified professional services and investment management company with approximately 29,000 employees in more than 400 offices in 65 countries.3

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

6.7%Operating margin6
4.0%Net margin6
15.3%Revenue growth, 20256
14.6%Return on equity6
1.07×Debt to equity6
$251.4MFree cash flow6

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Products and services

Engineering Products brought in 31% of the revenue Colliers International broke down this way in fiscal 2025.

  1. Engineering Products$1.7B631%up 40% from 2024
  2. Lease Brokerage$1.2B621%up 2% from 2024
  3. Capital Markets$885.0M616%up 16% from 2024
  4. Property Management$545.5M610%up 1% from 2024
  5. Valuation and Advisory$531.3M610%up 14% from 2024
  6. Investment Management$495.6M69%up 1% from 2024
  7. Other Revenue$150.6M63%up 3% from 2024
  8. Incentive Fees$36.7M61%up 55% from 2024
Products and services by year
Products and services20242025
Engineering Products$1.2B$1.7B
Lease Brokerage$1.2B$1.2B
Capital Markets$765.3M$885.0M
Property Management$537.6M$545.5M
Valuation and Advisory$465.5M$531.3M
Investment Management$489.0M$495.6M
Other Revenue$146.2M$150.6M
Incentive Fees$23.6M$36.7M

Business segments

Real Estate Services brought in 59% of the revenue Colliers International broke down this way in fiscal 2025.

  1. Real Estate Services$3.3B659%up 7% from 2024
  2. Engineering$1.7B631%up 40% from 2024
  3. Investment Management$532.3M610%up 4% from 2024
Business segments by year
Business segments20242025
Real Estate Services$3.1B$3.3B
Engineering$1.2B$1.7B
Investment Management$512.6M$532.3M

Regions

United States brought in 52% of the revenue Colliers International broke down this way in fiscal 2025.

  1. United States$2.9B652%up 12% from 2024
  2. Canada$909.9M616%up 44% from 2024
  3. Euro Currency Countries$472.9M69%up 15% from 2024
  4. United Kingdom$352.8M66%up 13% from 2024
  5. Australia$342.5M66%up 13% from 2024
  6. Other Geographic Locations$324.7M66%down 0% from 2024
  7. PL$136.7M62%up 36% from 2024
  8. China$68.1M61%down 19% from 2024
  9. India$66.8M61%down 12% from 2024
Regions by year
Regions20242025
United States$2.6B$2.9B
Canada$632.3M$909.9M
Euro Currency Countries$411.7M$472.9M
United Kingdom$311.9M$352.8M
Australia$304.4M$342.5M
Other Geographic Locations$325.6M$324.7M
PL$100.5M$136.7M
China$84.6M$68.1M
India$75.6M$66.8M

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Selling, general and admin28¢$1.6B
  • Other costs66¢$3.7B
  • Income tax1¢$80.2M
  • Profit4¢$224.6M

Out of $5.6B in revenue.6

Where each dollar of operating cash went, fiscal 2025

  • Capital spending24¢$78.7M
  • Dividends paid5¢$15.2M
  • Kept or used elsewhere72¢$236.2M

Out of $330.1M of cash from operations.6

Financial statements

Revenue910111213146$5.6B in 2025+97% since 2018
0$2.0B$4.0B$6.0B2018: $2.8B$2.8B20182019: $3.0B$3.0B2019+8%2020: $2.8B$2.8B2020−9%2021: $4.1B$4.1B2021+47%2022: $4.5B$4.5B2022+9%2023: $4.3B$4.3B2023−3%2024: $4.8B$4.8B2024+11%2025: $5.6B$5.6B2025+15%
Operating income910111213146$371.0M in 2025+84% since 2018
-$200.0M0$200.0M$400.0M2018: $201.4M$201.4M20182019: $218.2M$218.2M2019+8%2020: $164.6M$164.6M2020−25%2021: -$131.5M-$131.5M20212022: $332.5M$332.5M20222023: $300.9M$300.9M2023−9%2024: $389.2M$389.2M2024+29%2025: $371.0M$371.0M2025−5%
Net income910111213146$224.6M in 2025+75% since 2018
-$400.0M-$200.0M0$200.0M$400.0M2018: $128.6M$128.6M20182019: $137.6M$137.6M2019+7%2020: $94.5M$94.5M2020−31%2021: -$237.6M-$237.6M20212022: $194.5M$194.5M20222023: $144.7M$144.7M2023−26%2024: $236.9M$236.9M2024+64%2025: $224.6M$224.6M2025−5%

Every line of the income statement as filed: the last 2 fiscal years, latest first.6

Period ending2025-12-312024-12-31
Revenues (note 26)$5.6B$4.8B
Cost of revenues (exclusive of depreciation and amortization shown below)$3.3B$2.9B
Selling, general and administrative expenses$1.6B$1.3B
Depreciation$77.4M$66.2M
Amortization of intangible assets$178.7M$155.4M
Acquisition-related items (note 7)$29.9M-$27.8M
Loss on disposal of operations (note 5)$696.0K$0
Operating earnings$371.0M$389.2M
Interest expense, net$82.4M$85.8M
Equity earnings from non-consolidated investments-$12.5M-$7.3M
Other income-$3.7M-$410.0K
Earnings before income tax$304.7M$311.1M
Income tax expense (note 21)$80.2M$74.2M
Net earnings$224.6M$236.9M
Non-controlling interest share of earnings$57.8M$54.0M
Non-controlling interest redemption increment (note 17)$63.6M$21.2M
Net earnings attributable to Company$103.1M$161.7M
Basic (in dollars per share)$2.03$3.24
Diluted (in dollars per share)$2.02$3.22

Compare Colliers International with another company

The story

Colliers began in Australia in 1976 after Glynn Lynch & McHarg and Jones Lang Wootten & Sons merged under the Colliers name. In 1978, Colliers merged with Hong Kong–based Tony Petty & Associates.

In 1984, Colliers merged with Macaulay Nicolls. The following year, the company merged with American Realty Services Group. In 1992, the company merged with Jardines, a British firm.

In 2004, FirstService Corporation bought a controlling interest in Colliers Macaulay Nicolls, Colliers' largest member. After gaining controlling interest, Macaulay Nicolls became First Service REA.

In 2006, FirstService purchased a majority stake in PGP Valuation and merged with the appraisal arm of Colliers Macaulay Nicolls. In 2007, FirstService acquired an 80 percent stake in PKF Hotel and Hospitality Consulting and a 60 percent stake in MHPM Project Managers.

In September 2008, FirstService purchased a 65 percent stake in GVA Williams. In 2009, FirstService gained control of Colliers after acquiring large shareholders. In October, Colliers invested in Colliers CRE, a London-based real estate services company.

In January 2010, the merger of Colliers and FirstService was announced. Following the merger in April 2010, Dylan Taylor became president and CEO of Colliers International's US operations. Also in April, Colliers invested in Colliers Bennett & Kahnweiler and West Shell Commercial in Cincinnati, Ohio. The following month, Adena Commercial, a real estate firm in Columbus, Ohio, and Grubb & Ellis Paramount Commerce in Grand Rapids, Michigan, began working with Colliers International. In June 2010, Colliers partnered with Sutton & Edwards, a real estate firm in Long Island, New York.

In July 2014, PKF Consulting was sold to CBRE Group. In June 2015, Colliers International and FirstService Corporation separated into two independent, publicly traded companies – Colliers International Group Inc. and FirstService Corporation.

In September 2016, Stephen Harper, Canada's former Conservative Prime Minister, was appointed to the company's board.

Read the full text

In October 2017, Colliers acquired Serten Advisors, LLC; a tenant representation firm headquartered in the Washington, D.C., area.

In May 2018, Colliers acquired a majority 75% stake in Harrison Street for $550 million.

In September 2019, Colliers acquired Synergy Property Development Services, an Indian real estate company.

In December 2019, Colliers acquired certain divisions of Doughtery Financial based in Minneapolis.

In July 2020, Colliers acquired Maser Consulting P.A., a multi-discipline engineering design services firm based in New Jersey.

In July 2025, Colliers restructured its entire investment management business to be under the Harrison Street brand. These would include its companies: Basalt Infrastructure Partners, Versus Capital, Rockwood Capital, and Colliers Global Investor. The new unit would be named Harrison Street Asset Management.

From Wikipedia’s article on Colliers International, shared under CC BY-SA 4.0.8

Leadership

Who has led Colliers International, and when. Pick a name to see everywhere that person has worked.

19801990200020102020

Products and brands

In 2010, Colliers consolidated its franchises under a single name, hoping to increase their market share, according to The New York Times. On 1 June 2015 First Services and Colliers split into two independent publicly traded entities. Colliers is a full service real estate brokerage firm that operates in 67 countries and is traded on the Toronto Stock Exchange (TSX) and the NASDAQ stock market exchange under the symbol CIGI.

In July 2024, Colliers completed its US$475 million acquisition of a controlling interest in Englobe Corporation.

From Wikipedia’s article on Colliers International, shared under CC BY-SA 4.0.8

Former names

  • FIRSTSERVICE CORPFeb 7, 1995 to May 29, 20157

Timeline

  1. Aug 27, 2003Went public Listed on NASDAQ1
  2. 1976Founded Founded in Australia1

Filings

137 filings to the SEC since October 2021: 5 annual reports, 22 large holders, 110 other. The latest 20:

  1. Sep 28, 2026SCHEDULE 13D/A EDGAR
  2. Aug 5, 20266-K EDGAR
  3. Jul 30, 20266-K EDGAR
  4. May 27, 20266-K EDGAR
  5. May 15, 2026SCHEDULE 13G/A EDGAR
  6. May 13, 20266-K EDGAR
  7. May 11, 20266-K EDGAR
  8. May 8, 20266-K EDGAR
  9. May 5, 20266-K EDGAR
  10. May 1, 2026SCHEDULE 13G EDGAR
  11. Apr 6, 2026SCHEDULE 13D EDGAR
  12. Apr 2, 2026EFFECT EDGAR
  13. Mar 31, 20266-K EDGAR
  14. Mar 27, 20266-K EDGAR
  15. Mar 27, 2026F-X EDGAR
  16. Mar 27, 2026F-10 EDGAR
  17. Mar 25, 20266-K EDGAR
  18. Mar 9, 20266-K EDGAR
  19. Mar 5, 20266-K EDGAR
  20. Feb 20, 202640-F EDGAR

The 137 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
Royal Bank Of Canada3,805,593$356.9M0.1%−164,931
1832 Asset Management L.P.3,562,916$334.2M0.4%+338,741
Spruce House Investment Management LLC2,745,325$257.4M7.6%+234,325
FIL Ltd2,073,742$194.6M0.1%+424,263
Turtle Creek Asset Management Inc.1,838,956$172.5M6.7%+205,400
Bank Of Montreal /can/1,342,438$125.8M0.0%+185,847
Neuberger Berman Group LLC1,303,409$122.2M0.1%+207,233
Vanguard Capital Management LLC1,281,870$120.3M0.0%+13,757
CIBC Asset Management Inc1,065,340$100.0M0.2%−28,391
Fmr LLC909,018$85.3M0.0%+247,227
Jupiter Topco LLC757,700$71.1M0.0%New
Jpmorgan Chase & Co728,823$67.6M0.0%+40,975
Norges Bank577,640$54.2M0.0%New
BloombergSen Inc.551,865$51.8M5.8%−13,449
Loomis Sayles & Co L P425,276$39.9M0.0%−78,017
Royce & Associates LP424,069$39.8M0.3%+597
CDAM (UK) Ltd396,422$37.2M9.6%−95,602
Dimensional Fund Advisors LP396,149$37.2M0.0%−20,400
Vanguard Fiduciary Trust Co390,854$36.7M0.0%+6,007
Morgan Stanley366,443$34.4M0.0%+136,592
American Century Companies Inc358,520$33.6M0.0%−33,555
Harris Associates L P354,200$33.2M0.0%+40,900
Qube Research & Technologies Ltd352,469$33.1M0.0%+115,625
Renaissance Technologies LLC348,200$32.7M0.0%−136,861
Clearbridge Investments, LLC333,008$31.2M0.0%−54,526

13F reports cover disclosed long positions in U.S. stocks only.

Sources

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