Cushman & Wakefield (NYSE: CWK) financial statements
The consolidated income statement, balance sheet and cash flow statement of Cushman & Wakefield for its last 9 fiscal years, as filed with the regulator, in millions of US dollars. At the end of fiscal 2025 it had $7,677m in total assets and $1,955m in equity.
Income statement
| Item | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | $10,288m | $9,447m | $9,494m | $10,106m | $9,389m | $7,844m | $8,751m | $8,220m | $6,924m |
| Cost of sales | $8,408m | $7,720m | $7,842m | $8,154m | $7,448m | $6,455m | $6,982m | $6,642m | $5,640m |
| Gross profit | $1,880m | $1,726m | $1,652m | $1,952m | $1,940m | $1,388m | $1,769m | $1,578m | $1,284m |
| Operating profit | $452.5m | $338.9m | $205.6m | $535.1m | $497.0m | −$53.1m | $187.3m | $12.6m | −$171.1m |
| Finance costs | $216.2m | $229.9m | $281.1m | $193.1m | $179.5m | $163.8m | $150.6m | $228.8m | $183.1m |
| Profit before tax | $114.2m | $175.8m | −$30.0m | $338.0m | $339.9m | −$176.6m | $42.8m | −$210.8m | −$341.8m |
| Income tax | $26.0m | $44.5m | $5.4m | $141.6m | $89.9m | $43.9m | $42.6m | $25.0m | $120.5m |
| Net profit | $88.2m | $131.3m | −$35.4m | $196.4m | $250.0m | −$220.5m | $0.2m | −$185.8m | −$221.3m |
| Earnings per share | $0.38 | $0.57 | −$0.16 | $0.87 | $1.12 | −$1.00 | $0.00 | −$1.09 | −$1.54 |
| Diluted earnings per share | $0.38 | $0.56 | −$0.16 | $0.86 | $1.10 | −$1.00 | $0.00 | −$1.09 | −$1.54 |
| Depreciation and amortisation | $104.2m | $122.2m | $145.6m | $146.9m | $172.1m | $263.6m | $296.7m | $290.0m | $270.6m |
Balance sheet
| Item | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|
| Total assets | $7,677m | $7,549m | $7,774m | $7,949m | $7,890m | $7,338m | $7,163m | $6,546m | $5,793m |
| Current assets | $2,843m | $2,690m | $2,803m | $2,767m | $2,830m | $2,891m | $2,861m | $2,743m | $1,911m |
| Property, plant and equipment | $132.9m | $136.0m | $163.8m | $172.6m | $194.6m | $235.9m | $299.4m | $313.8m | $304.3m |
| Goodwill | $2,058m | $1,998m | $2,081m | $2,066m | $2,082m | $2,098m | $1,969m | $1,779m | $1,765m |
| Cash | $784.2m | $793.3m | $767.7m | $644.5m | $770.7m | $1,075m | $813.2m | $895.3m | $405.6m |
| Total liabilities | $5,721m | $5,794m | $6,096m | $6,287m | $6,442m | $6,242m | $5,862m | $5,186m | $5,294m |
| Current liabilities | $2,592m | $2,330m | $2,397m | $2,390m | $2,435m | $2,066m | $2,323m | $2,039m | $1,966m |
| Equity | $1,955m | $1,755m | $1,677m | $1,661m | $1,448m | $1,095m | $1,301m | $1,360m | $499.4m |
| Equity including minorities | $1,956m | $1,755m | $1,678m | $1,662m | $1,449m | $1,096m | $1,301m | $1,360m | $499.4m |
| Minority interests | $0.5m | $0.5m | $0.6m | $0.8m | $0.8m | $0.9m | $0.0m | $0.0m | $0.0m |
Cash flow statement
| Item | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $340.4m | $208.0m | $152.2m | $49.1m | $549.5m | −$38.2m | $269.3m | −$2.2m | $4.4m |
| Investing cash flow | −$21.1m | $81.2m | $48.9m | −$120.7m | −$749.5m | −$257.8m | −$274.9m | −$218.0m | −$143.2m |
| Financing cash flow | −$350.5m | −$253.4m | −$120.8m | −$79.3m | −$65.8m | $571.9m | −$89.6m | $725.9m | $167.7m |
| Capital expenditure | −$47.4m | −$41.0m | −$51.0m | −$50.7m | −$53.8m | −$41.0m | −$80.3m | −$84.2m | −$129.1m |
Where each figure comes from
From the annual report (Form 10-K) that Cushman & Wakefield files with the SEC. The filing for each fiscal year: 2025 · 2024 · 2023 · 2022 · 2021 · 2020 · 2019 · 2018 · 2017. If an item is not tagged in the filing, it is not in the table. The summary of the last fiscal year is on the Cushman & Wakefield page.
Information prepared from the accounts the company files with the regulator, for information purposes only. It is not financial advice or a recommendation to buy or sell. Updated on 12 November 2026.