Cushman & Wakefield Ltd. (CWK)
Cushman & Wakefield Ltd. brought in $11B of revenue over the twelve months to September 30, 2026, up 10.2% from a year earlier. Net income was $69.8M, a net margin of 0.6%. Operating cash flow minus capital spending left $293M of free cash flow in fiscal 2025. At September 30, 2026 it held $489M in cash against $2.6B of debt. Its latest periodic report to the SEC is the quarterly report (10-Q) filed on November 4, 2026.
Key facts about Cushman & Wakefield Ltd.
- Net worth
- Cushman & Wakefield Ltd. has a market value (market cap) of $3.4B at the latest share price, and shareholders' equity of $2.1B on its balance sheet at September 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
- Revenue and profit
- In fiscal 2025 revenue was $10.3B (+8.9% year on year), with net income of $88.2M. Over the 12 months to September 30, 2026: revenue $11B, net income $69.8M.
- Cash flow
- In fiscal 2025 operations brought in $340.4M of cash; after $47.4M of capital spending, free cash flow was $293M.
- Latest report
- The latest periodic report (quarterly report, 10-Q) was filed with the SEC on November 4, 2026 and covers the period to September 30, 2026. Open on SEC EDGAR
- Next earnings report
- Cushman & Wakefield Ltd.'s next report is expected around February 18, 2027. That is an estimate from its filing rhythm, not a date the company has announced.
What Cushman & Wakefield Ltd. does
Cushman & Wakefield Ltd. is registered with the SEC under industry code SIC 6500 (Real Estate). Its shares trade on NYSE under the ticker CWK.
Revenue and profit by year
Key figures
| Fiscal year | Revenue | Net income | Diluted EPS | Free cash flow |
|---|---|---|---|---|
| 2025 | $10.3B | $88.2M | $0.38 | $293M |
| 2024 | $9.4B | $131.3M | $0.56 | $167M |
| 2023 | $9.5B | -$35.4M | -$0.16 | $101.2M |
| 2022 | $10.1B | $196.4M | $0.86 | -$1.6M |
| 2021 | $9.4B | $250M | $1.10 | $495.7M |
| 2020 | $7.8B | -$220.5M | -$1.00 | -$79.2M |
Earnings: every quarter and the next report date
Full financial statements: income, balance sheet and cash flow
Where CWK ranks in Finance
Latest SEC filings
What Cushman & Wakefield Ltd. has filed recently, newest first. Each links to the original document on SEC EDGAR.
- November 4, 2026Quarterly report 10-Q · period to September 30, 2026Revenue rose 7.7% to $2.8B versus the same quarter last year; diluted EPS $0.22 versus $0.22.
- November 4, 2026
- October 21, 2026
- September 15, 2026
- August 5, 2026Quarterly report 10-Q · period to June 30, 2026Revenue rose 11% to $2.8B versus the same quarter last year; diluted EPS $0.22 versus $0.25.
- August 5, 2026
- July 27, 2026Passive stake changed SCHEDULE 13G/A
- June 15, 2026
- June 4, 2026Passive stake (5% or more) SCHEDULE 13G
- June 4, 2026Other event 8-K
What is CWK worth? A DCF from its reported cash flow
Insider trades
What the people running Cushman & Wakefield Ltd. did with its shares, from the Form 4 filings they must send the SEC within two business days.
Insiders sold $389.5K worth of shares in the last 90 days and bought none on the open market.
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| October 1, 2026 | Plavin Stephen DDirector | Exercised options | 10,874 | $131.1K |
| September 8, 2026 | Robinson NathanielSee Remarks | Sold | 12,500 | $167.4K |
| August 13, 2026 | Sayed LauridaSee Remarks | Sold | 16,000 | $222.1K |
| August 1, 2026 | Daimler SusanDirector | Exercised options | 11,873 | $159.3K |
| August 1, 2026 | Wennes Timothy HDirector | Exercised options | 11,873 | $159.3K |
| July 1, 2026 | Perkins Noelle JSee Remarks | Exercised options | 30,563 | - |
| July 1, 2026 | Perkins Noelle JSee Remarks | Shares withheld for tax | 13,540 | $187.4K |
| July 1, 2026 | Perkins Noelle JSee Remarks | Exercised options | 163,203 | - |
Who owns CWK
Three views from three kinds of SEC filings, each with its own date. They overlap and are not added up.
5% holders
| Holder | Of class | Filed |
|---|---|---|
| Vanguard Portfolio Management13G, passive | 10.48% | February 5, 2026 |
| Vanguard Capital Management13G, passive | 5.24% | April 29, 2026 |
Largest institutional holders
Insiders
15 insiders reported holding 1,941,117 shares in total, about $28.2M at the last price.
| Holder | Shares |
|---|---|
| Mackay MichelleChief Executive Officer, Director | 485,838 |
| Mcdonald Andrew R.See Remarks | 483,680 |
| Johnston Neil OSee Remarks | 317,017 |
| Perkins Noelle JSee Remarks | 181,884 |
| Williamson Billie IdaDirector | 106,005 |
| McLean Jodie W.Director | 88,836 |
| Sun AngelaDirector | 63,511 |
| Robinson NathanielSee Remarks | 58,376 |
| Felman MichelleDirector | 44,85744,857 held indirectly |
| Vennam RajeshDirector | 35,516 |
Questions about CWK
What does Cushman & Wakefield Ltd. do?
Cushman & Wakefield Ltd. is a company in the Finance sector, listed on NYSE as CWK. Its shares trade on NYSE under the ticker CWK.
What is Cushman & Wakefield Ltd.'s net worth?
Cushman & Wakefield Ltd. has a market value (market cap) of $3.4B at the latest share price, and shareholders' equity of $2.1B on its balance sheet at September 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
Is Cushman & Wakefield Ltd. profitable?
Yes. Over the twelve months to September 30, 2026 it reported net income of $69.8M on revenue of $11B, a net margin of 0.6%.
How much revenue does Cushman & Wakefield Ltd. make?
Over the twelve months to September 30, 2026 Cushman & Wakefield Ltd. reported revenue of $11B. That is 10.2% more than a year earlier.
When did Cushman & Wakefield Ltd. last report?
Its most recent periodic report is the quarterly report (10-Q) filed on November 4, 2026. It covers the period to September 30, 2026.
When is Cushman & Wakefield Ltd.'s next earnings report?
Cushman & Wakefield Ltd.'s next report is expected around February 18, 2027. That is an estimate from its filing rhythm, not a date the company has announced.
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Where the numbers come from
Financial figures are the values Cushman & Wakefield Ltd. tagged in its own SEC filings (XBRL), taken from the latest filing for each period, so restatements replace older figures. Revenue, profit and cash flow are for full fiscal years unless marked as the last twelve months, which is the sum of the four most recent quarters. Where a company reports only the full year, the fourth quarter is the year minus the first three.
Prices are delayed end-of-day market data in the listing currency, and market cap moves with the price. P/E is shown only when earnings per share are positive. Nothing here is investment advice.