Cushman & Wakefield Limited (CWK)

NYSE: CWK · Real-Time Price · USD

12.59

-0.11 (-0.87%)

Sep 15, 2026, 9:30 AM EDT - Market open

Cushman & Wakefield Financials Overview

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Revenue & Profits

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	10,818	10,288	9,447	9,494	10,106	9,389
Revenue Growth	11.04%	8.91%	-0.50%	-6.06%	7.64%	19.70%
Gross Profit	1,961	1,880	1,726	1,652	1,952	1,940
Operating Income	476.3	458.6	387.4	274.8	544	541.5
Net Income	69.1	88.2	131.3	-35.4	196.4	250
Earnings Per Share	0.30	0.38	0.56	-0.16	0.86	1.10
EPS Growth	-65.88%	-32.14%	-	-	-21.82%	-

Revenue by Segment

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Americas	7,845	7,511	6,998	7,129	7,751	7,015
EMEA	1,166	1,066	953.2	973.7	1,030	1,113
APAC	1,807	1,712	1,495	1,391	1,325	1,260
Total	10,818	10,288	9,447	9,494	10,106	9,389

Cash & Debt

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Investments	500.5	784.2	793.3	767.7	644.5	770.7
Total Debt	3,030	3,096	3,412	3,684	3,714	3,849
Net Cash (Debt)	-2,529	-2,312	-2,619	-2,917	-3,070	-3,078
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	-10.70	-9.85	-11.25	-12.85	-13.46	-13.59

Cash Flow & CapEx

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Operating Cash Flow	303.3	340.4	208	152.2	49.1	549.5
Capital Expenditures	-54.2	-47.4	-41	-51	-50.7	-53.8
Free Cash Flow	249.1	293	167	101.2	-1.6	495.7
Free Cash Flow Growth	97.23%	75.45%	65.02%	-	-	-

Margins

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Gross Margin	18.13%	18.27%	18.27%	17.40%	19.32%	20.67%
Operating Margin	4.40%	4.46%	4.10%	2.90%	5.38%	5.77%
Pretax Margin	0.93%	1.11%	1.86%	-0.32%	3.34%	3.62%
Profit Margin	0.64%	0.86%	1.39%	-0.37%	1.94%	2.66%
FCF Margin	2.30%	2.85%	1.77%	1.07%	-0.02%	5.28%

Valuation

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 15, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
PE Ratio	42.74	42.51	22.86	-	14.32	19.88
Forward PE	8.22	11.90	11.83	10.63	6.55	10.67
P/FCF Ratio	11.97	12.80	17.97	24.25	-	10.03
PS Ratio	0.28	0.36	0.32	0.26	0.28	0.53