10 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Overview →
| FY | Revenue | Net income | Gross M | Op M | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|
| 2025 | $10.3B | $88M | 0.0% | 4.4% | $293M | $2.7B | $784M |
| 2024 | $9.4B | $131M | 0.0% | 3.6% | $167M | $3.0B | $793M |
| 2023 | $9.5B | -$35M | 0.0% | 2.2% | $101M | $3.2B | $768M |
| 2022 | $10.1B | $196M | 0.0% | 5.3% | -$2M | $3.3B | $645M |
| 2021 | $9.4B | $250M | 0.0% | 5.3% | $496M | $3.3B | $771M |
| 2020 | $7.8B | -$221M | 0.0% | -0.7% | -$79M | $3.3B | $1.1B |
| 2019 | $8.8B | $200000 | 0.0% | 2.1% | $189M | $2.6B | $813M |
| 2018 | $8.2B | -$186M | 0.0% | 0.2% | -$86M | $2.7B | $895M |
| 2017 | $6.9B | -$221M | 0.0% | -2.5% | -$125M | $2.8B | $406M |
| 2016 | — | -$434M | — | — | -$412M | — | $382M |
| Quarter | Revenue | Net income | Gross M | Op M | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|
| Mar '26 | $2.5B | -$13M | 0.0% | 2.3% | -$256M | $2.7B | $601M |
| Dec '25 | $2.9B | -$22M | 0.0% | 6.1% | $234M | $2.7B | $784M |
| Sep '25 | $2.6B | $51M | 0.0% | 4.1% | $225M | $2.8B | $634M |
| Jun '25 | $2.5B | $57M | 0.0% | 4.9% | $300000 | $3.0B | $618M |
| Mar '25 | $2.3B | $2M | 0.0% | 2.0% | -$167M | $3.0B | $623M |
| Dec '24 | $2.6B | $113M | 0.0% | 6.6% | $106M | $3.0B | $793M |
| Sep '24 | $2.3B | $34M | 0.0% | 3.2% | $187M | $3.1B | $775M |
| Jun '24 | $2.3B | $14M | 0.0% | 3.1% | $10M | $3.1B | $567M |
| Mar '24 | $2.2B | -$29M | 0.0% | 0.9% | -$136M | $3.2B | $554M |
| Dec '23 | $2.6B | $70M | 0.0% | 4.3% | $186M | $3.2B | $768M |
| Sep '23 | $2.3B | -$34M | 0.0% | 2.5% | $174M | $3.2B | $588M |
| Jun '23 | $2.4B | $5M | 0.0% | 2.3% | -$27M | $3.3B | $502M |
| Mar '23 | $2.2B | -$76M | 0.0% | -0.8% | -$232M | $3.3B | $460M |
| Dec '22 | $2.6B | $30M | 0.0% | 4.2% | $237M | $3.3B | $645M |
| Sep '22 | $2.5B | $24M | 0.0% | 4.5% | $38M | $3.3B | $381M |
| Jun '22 | $2.6B | $97M | 0.0% | 6.8% | -$100M | $3.3B | $477M |
| Mar '22 | $2.3B | $46M | 0.0% | 5.8% | -$177M | $3.3B | $612M |
| Dec '21 | $2.9B | $146M | 0.0% | 8.6% | $277M | $3.3B | $771M |
| Sep '21 | $2.3B | $69M | 0.0% | 5.6% | $153M | $3.3B | $1.2B |
| Jun '21 | $2.2B | $53M | 0.0% | 5.5% | $95M | $3.3B | $1.1B |
How the market has priced CWK against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.
Over the past 5 years, Cushman & Wakefield Ltd.'s revenue has grown 5.6% per year. These are computed facts, not advice.
As of FY2025, Cushman & Wakefield Ltd. reported $2.7B of total debt against $784M of cash; operating income covered interest expense 2.1×.
In FY2025, gross margin was —, operating margin 4.4%, and net margin 0.9%.
As of Jun '26, Cushman & Wakefield Ltd. traded at a price-to-earnings ratio of about 34.5× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S have moved with the share price. These are computed facts, not advice.
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.