Cushman & Wakefield plc
Profit after direct costs
Core business profitability
Bottom line profitability
Top line growth rate
Flow of revenue through cost categories to net income
| Item | Trend | 2021 | 2022 | 2023 | 2024 | 2025 | YoY Change |
|---|---|---|---|---|---|---|---|
Total Revenue | 9.39B | 10.11B | 9.49B | 9.45B | 10.29B | 8.9% | |
| Cost of Revenue | (7.45B) | (8.15B) | (7.84B) | (7.72B) | (8.62B) | 11.6% | |
Gross Profit | 1.94B | 1.95B | 1.65B | 1.73B | 1.67B | -3.2% | |
| Operating Expenses | |||||||
| Research & Development | — | — | — | — | — | — | |
| Selling, General & Administrative | (1.23B) | (1.26B) | (1.26B) | (1.22B) | (1.32B) | 8.4% | |
| General & Administrative | (1.23B) | (1.26B) | (1.26B) | (1.18B) | (1.32B) | 11.9% | |
| Depreciation & Amortization | (276.30M) | (249.10M) | (243.40M) | (122.20M) | (104.20M) | -14.7% | |
Operating Income (EBIT) | 497.00M | 535.10M | 205.60M | 338.90M | 458.60M | 35.3% | |
| Non-Operating Items | |||||||
| Interest Income | — | — | — | — | 857.60M | — | |
| Interest Expense | (179.50M) | (193.10M) | (281.10M) | (229.90M) | (216.20M) | -6.0% | |
| Other Income/Expenses (Net) | -157.10M | -197.10M | -235.60M | -163.10M | -344.40M | 111.2% | |
Income Before Tax | 339.90M | 338.00M | -30.00M | 175.80M | 114.20M | -35.0% | |
| Income Tax Expense | (89.90M) | (141.60M) | (5.40M) | (44.50M) | (26.00M) | -41.6% | |
Net Income | 250.00M | 196.40M | -35.40M | 131.30M | 88.20M | -32.8% | |
| Per Share Metrics | |||||||
| Earnings Per Share (Basic) | $1 | $1 | $-0 | $1 | $0 | -33.3% | |
| Weighted Avg Shares Outstanding | 223.00M | 225.40M | 226.90M | 228.90M | 231.20M | 1.0% | |
| Weighted Avg Shares Outstanding (Diluted) | 226.50M | 228.00M | 226.90M | 232.80M | 234.70M | 0.8% | |
EBITDA | 795.70M | 780.20M | 494.50M | 510.70M | 434.60M | -14.9% |
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Mid Cap