Cushman & Wakefield Financial Statements
NYSE: CWKFinanceReal EstateUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
Cushman & Wakefield revenue and earnings
In fiscal 2025, Cushman & Wakefield generated $10.29 billion in revenue, up 8.9% from fiscal 2024. Net income was $88.2 million (-32.8% year over year), for a net margin of 0.9% versus a median of 1.4% in the prior 5 years. Gross margin was 18.3% (flat year over year) and operating margin 4.4%.
Diluted earnings per share came in at $0.38, down from $0.56. Over the last 5 fiscal years, CWK's revenue has grown at a 5.6% compound annual rate.
Summary generated from market data by MetaCap's automated system. Methodology
Cushman & Wakefield income statement (annual)
| Fiscal year (USD) | FY 20252025-12-31 | FY 20242024-12-31 | FY 20232023-12-31 | FY 20222022-12-31 | FY 20212021-12-31 | FY 20202020-12-31 | FY 20192019-12-31 | FY 20182018-12-31 | FY 20172017-12-31 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 10.29B | 9.45B | 9.49B | 10.11B | 9.39B | 7.84B | 8.75B | 8.22B | 6.92B |
| Revenue growth (YoY) | +8.91% | -0.50% | -6.06% | +7.64% | +19.70% | -10.37% | +6.46% | +18.72% | — |
| Cost of Revenue | 8.41B | 7.72B | 7.84B | 8.15B | 7.45B | 6.46B | 6.98B | 6.64B | 5.64B |
| Gross Profit | 1.88B | 1.73B | 1.65B | 1.95B | 1.94B | 1.39B | 1.77B | 1.58B | 1.28B |
| Operating Expenses | 1.43B | 1.39B | 1.45B | 1.42B | 1.44B | 1.44B | 1.58B | 1.56B | 1.46B |
| Selling, General & Admin | 1.32B | 1.22B | 1.26B | 1.26B | 1.23B | 1.12B | 1.28B | 1.27B | 1.16B |
| Operating Income | 452.50M | 338.90M | 205.60M | 535.10M | 497.00M | -53.10M | 187.30M | 12.60M | -171.10M |
| Interest Expense | 216.20M | 229.90M | 281.10M | 193.10M | 179.50M | 163.80M | 150.60M | 228.80M | 183.10M |
| Other Income (Expense) | -37.40M | 0 | 0 | -89.00M | 1.20M | 32.00M | 3.50M | 3.50M | 11.00M |
| Pretax Income | 114.20M | 175.80M | -30.00M | 338.00M | 339.90M | -176.60M | 42.80M | -210.80M | -341.80M |
| Income Tax | 26.00M | 44.50M | 5.40M | 141.60M | 89.90M | 43.90M | 42.60M | -25.00M | -120.50M |
| Net Income | 88.20M | 131.30M | -35.40M | 196.40M | 250.00M | -220.50M | 200.00K | -185.80M | -221.30M |
| Net Income growth (YoY) | -32.83% | — | -118.02% | -21.44% | — | -110350.00% | — | — | — |
| EPS (Basic) | 0.38 | 0.57 | -0.16 | 0.87 | 1.12 | -1.00 | 0.00 | -1.09 | -1.54 |
| EPS (Diluted) | 0.38 | 0.56 | -0.16 | 0.86 | 1.10 | -1.00 | 0.00 | -1.09 | -1.54 |
| Shares Outstanding (Basic) | 231.20M | 228.90M | 226.90M | 225.40M | 223.00M | 220.80M | 217.70M | 171.20M | 143.90M |
| Shares Outstanding (Diluted) | 234.70M | 232.80M | 226.90M | 228.00M | 226.50M | 220.80M | 224.50M | 171.20M | 143.90M |
| EBITDA | 556.70M | 461.10M | 351.20M | 682.00M | 669.10M | 210.50M | 484.00M | 302.60M | 99.50M |
| Gross Margin | 18.27% | 18.27% | 17.40% | 19.32% | 20.67% | 17.70% | 20.22% | 19.19% | 18.55% |
| Operating Margin | 4.40% | 3.59% | 2.17% | 5.30% | 5.29% | -68.00% | 2.14% | 15.00% | -2.47% |
| Net Margin | 86.00% | 139.00% | -37.00% | 1.94% | 2.66% | -2.81% | 0.00% | -2.26% | -3.20% |
This table shows 9 annual periods of Cushman & Wakefield's income statement, from FY 2025 back to FY 2017, across 19 line items including revenue, cost of revenue, gross profit. Values in USD; B = billions, M = millions. Fiscal periods follow CWK's reporting calendar. What is a income statement?