Strong Revenue Expansion Driven by Core Operating Segments
Consolidated revenue increased 15.5% YoY to $11.23B in Q2 FY2026, driven by double-digit growth in Advisory Services (+17.7% to $2.31B), Building Operations & Experience (+14.6% to $6.69B), and Project Management (+19.1% to $2.05B), offsetting a 10.2% decline in Real Estate Investments.
Telford Homes Fire Safety Remediation Provision Impacts Profitability
Operating expenses were negatively impacted by a $168M provision recorded in the Real Estate Investments segment related to legacy fire safety remediation efforts for developments by subsidiary Telford Homes, suppressing segment operating profit.
Data Center Growth Boosts Critical Infrastructure Revenue
Within the Building Operations & Experience (BOE) segment, critical infrastructure revenue jumped 67.7% YoY to $676M in Q2 FY2026, driven by ongoing AI-driven data center buildouts and contributions from recent acquisitions such as Pearce.