Cushman & Wakefield Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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	10,288	9,447	9,494	10,106	9,389
Revenue Growth (YoY)	8.91%	-0.50%	-6.06%	7.64%	19.70%
Cost of Revenue	8,408	7,720	7,842	8,154	7,448
Gross Profit	1,880	1,726	1,652	1,952	1,940
Selling, General & Admin	1,317	1,224	1,263	1,261	1,227
Depreciation & Amortization Expenses	104.2	122.2	145.6	146.9	172.1
Other Operating Expenses	6.1	41.1	38.1	8.9	44.5
Operating Income	452.5	338.9	205.6	535.1	497
Interest Income	-168.3	37.4	58.1	84.9	21.2
Interest Expense	-216.2	-229.9	-281.1	-193.1	-179.5
Other Non-Operating Income (Expense)	46.2	29.4	-12.6	-	1.2
Total Non-Operating Income (Expense)	-338.3	-163.1	-235.6	-108.2	-157.1
Pretax Income	114.2	175.8	-30	338	339.9
Provision for Income Taxes	26	44.5	5.4	141.6	89.9
Net Income	88.2	131.3	-35.4	196.4	250
Net Income to Common	88.2	131.3	-35.4	196.4	250
Net Income Growth	-32.83%	-	-	-21.44%	-
Shares Outstanding (Basic)	231	229	227	225	223
Shares Outstanding (Diluted)	235	233	227	228	227
Shares Change (YoY)	0.82%	2.60%	-0.48%	0.66%	2.58%
EPS (Basic)	0.38	0.57	-0.16	0.87	1.12
EPS (Diluted)	0.38	0.56	-0.16	0.86	1.10
EPS Growth	-32.14%	-	-	-21.82%	-
Free Cash Flow	293	167	101.2	0	495.7
Free Cash Flow Growth	75.45%	65.02%	-	-	-
Free Cash Flow Per Share	1.25	0.72	0.45	-	2.19
Gross Margin	18.27%	18.27%	17.40%	19.32%	20.67%
Operating Margin	4.40%	3.59%	2.17%	5.30%	5.29%
Profit Margin	0.86%	1.39%	-0.37%	1.94%	2.66%
FCF Margin	2.85%	1.77%	1.07%	0.00%	5.28%
EBITDA	643.2	547.6	449	535.1	773.3
EBITDA Margin	6.25%	5.80%	4.73%	5.30%	8.24%
EBIT	452.5	338.9	205.6	535.1	497
EBIT Margin	4.40%	3.59%	2.17%	5.30%	5.29%
Effective Tax Rate	22.77%	25.31%	-18.00%	41.89%	26.45%

Updated Feb 19, 2026. Data Source: Fiscal.ai. standard template. Financial Sources.

SEC Filings: 10-K · 10-Q