Cushman & Wakefield plc (CWK) Financial Statements
Industry: Real Estate
In fiscal 2025, Cushman & Wakefield reported revenue of $10.29B, up 8.9% from $9.45B the year before. Net income was $88.2M (a 0.9% net margin), or $0.38 per diluted share. Gross margin was 4.4% and operating margin was 4.4%. Operating activities generated $340.4M of cash, leaving $293.0M of free cash flow. At fiscal year end, Cushman & Wakefield held $7.68B in total assets against $5.72B in total liabilities, including $784.2M of cash and equivalents.
Open the full interactive Cushman & Wakefield financials → Quarterly statements, key ratios, valuation history and price charts.
Cushman & Wakefield Key Stats
| Share Price | $11.39 |
|---|---|
| Market Cap | $2.69B |
| P/E Ratio | 30.0 |
| Revenue YoY Growth | +8.9% |
| 52-Week Range | $11.39 – $17.20 |
| Shares Outstanding | 234.4 million (basic, 2026 Q2) |
Cushman & Wakefield Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $7.84B | $9.39B | $10.11B | $9.49B | $9.45B | $10.29B |
| Cost of Goods Sold | $7.90B | $8.89B | $9.57B | $9.29B | $9.11B | $9.84B |
| Gross Profit | -$53.1M | $497.0M | $535.1M | $205.6M | $338.9M | $452.5M |
| Operating Income | -$53.1M | $497.0M | $535.1M | $205.6M | $338.9M | $452.5M |
| Pre-Tax Income | -$176.6M | $339.9M | $338.0M | -$30.0M | $175.8M | $114.2M |
| Income Tax | $43.9M | $89.9M | $141.6M | $5.4M | $44.5M | $26.0M |
| Net Income | -$220.5M | $250.0M | $196.4M | -$35.4M | $131.3M | $88.2M |
| Diluted EPS | -$1.00 | $1.10 | $0.86 | -$0.16 | $0.56 | $0.38 |
Cushman & Wakefield Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $2.61B | $2.91B | $2.54B | $2.76B |
| Net Income | $51.4M | -$22.4M | -$12.6M | $52.7M |
| Diluted EPS | $0.22 | -$0.10 | -$0.05 | $0.22 |
Cushman & Wakefield Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $1.07B | $770.7M | $644.5M | $767.7M | $793.3M | $784.2M |
| Current Assets | $2.89B | $2.83B | $2.77B | $2.80B | $2.69B | $2.84B |
| Total Assets | $7.34B | $7.89B | $7.95B | $7.77B | $7.55B | $7.68B |
| Current Liabilities | $2.07B | $2.43B | $2.39B | $2.40B | $2.33B | $2.59B |
| Total Long-Term Debt | $3.27B | $3.26B | $3.26B | $3.24B | $3.04B | $2.74B |
| Total Liabilities | $6.24B | $6.44B | $6.29B | $6.10B | $5.79B | $5.72B |
| Shareholders' Equity | $1.09B | $1.45B | $1.66B | $1.68B | $1.75B | $1.96B |
Cushman & Wakefield Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | -$38.2M | $549.5M | $49.1M | $152.2M | $208.0M | $340.4M |
| Cash From Investing | -$257.8M | -$749.5M | -$120.7M | $48.9M | $81.2M | -$21.1M |
| Cash From Financing | $571.9M | -$65.8M | -$79.3M | -$120.8M | -$253.4M | -$350.5M |
| Free Cash Flow | -$79.2M | $495.7M | -$1.6M | $101.2M | $167.0M | $293.0M |
Figures from Cushman & Wakefield's 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Cushman & Wakefield financials page for every line item.
Cushman & Wakefield Company Profile
| Ticker | CWK |
|---|---|
| Exchange | NYSE |
| Industry | Real Estate |
| Headquarters | Hamilton |
| Fiscal Year End | December 31 |
| SEC Filer Category | Large accelerated filer |
| SEC CIK | 0001628369 |
Frequently Asked Questions
What was Cushman & Wakefield's revenue in fiscal 2025?
Cushman & Wakefield (CWK) reported revenue of $10.29B for fiscal 2025.
What is Cushman & Wakefield's annual revenue history?
Cushman & Wakefield's annual revenue by fiscal year: 2020: $7.84B; 2021: $9.39B; 2022: $10.11B; 2023: $9.49B; 2024: $9.45B; 2025: $10.29B.
What was Cushman & Wakefield's net income in fiscal 2025?
Cushman & Wakefield reported net income of $88.2M for fiscal 2025.
What was Cushman & Wakefield's earnings per share (EPS) in fiscal 2025?
Cushman & Wakefield's diluted EPS was $0.38 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did Cushman & Wakefield generate in fiscal 2025?
Cushman & Wakefield generated $293.0M of free cash flow in fiscal 2025.
What was Cushman & Wakefield's revenue last quarter?
In its most recent reported quarter (2026 Q2), Cushman & Wakefield reported revenue of $2.76B.
How much debt does Cushman & Wakefield have?
Cushman & Wakefield reported $2.74B of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of Cushman & Wakefield are outstanding?
Cushman & Wakefield reported a weighted average of 234.4 million basic shares outstanding in 2026 Q2.
What is Cushman & Wakefield's market cap?
Based on its latest closing price, Cushman & Wakefield (CWK) has a market capitalization of about $2.69B.
When does Cushman & Wakefield's fiscal year end?
Cushman & Wakefield's fiscal year end, as registered with the SEC, is December 31.
Where is Cushman & Wakefield headquartered?
Cushman & Wakefield lists its business address in Hamilton in its SEC filings.