FY2025 · ended Dec 31, 2025 · Revenue $10.29B, +8.9% YoY · Filed Feb 19, 2026
Cushman & Wakefield Ltd. (CWK) files with the SEC under industry code 6500, Real Estate. In fiscal 2025, which ended Dec 31, 2025, it reported revenue of $10.3 billion and net income of $88.2 million. Free cash flow was $293.0 million. As of Sep 30, 2026 it held $489.0 million in cash and investments and $3.0 billion in total debt.
Revenue (TTM)
$11.02B
+10.2% vs year-ago TTM
Net income (TTM)
$69.80M
-68.8% vs year-ago TTM
Operating cash flow (TTM)
$281.70M
+42.1% vs year-ago TTM
Free cash flow (TTM)
$200.20M
+21.6% vs year-ago TTM
EPS (TTM)
$0.30
-69.1% vs year-ago TTM
Dividend per share
None
Shares outstanding
231.82M
+0.9% vs prior year
Net cash
$-2.54B
as of Sep 30, 2026
Operating margin
4.5%
FY 2026
Company profile
- Industry
- Real Estate (SIC 6500)
- Listed as
- CWK (NYSE)
- Fiscal year ends
- December 31
- Incorporated in
- Bermuda
- Headquarters
- Hamilton
- SEC filer status
- Large accelerated filer
- SEC CIK
- 1628369
- Former names
- Cushman & Wakefield plc (until Nov 28, 2025); Cushman & Wakefield Ltd (until Jul 17, 2018); DTZ Jersey Holdings Ltd (until Jul 13, 2018)
Other Real Estate companies
Key figures
Fiscal-year totals from the annual reports. Balance sheet lines are as of each year end.
| Line | FY 2025 Dec 31, 2025 |
FY 2024 Dec 31, 2024 |
FY 2023 Dec 31, 2023 |
FY 2022 Dec 31, 2022 |
FY 2021 Dec 31, 2021 |
|---|---|---|---|---|---|
| Revenue | $10.3B | $9.4B | $9.5B | $10.1B | $9.4B |
| Operating income | $452.5M | $338.9M | $205.6M | $535.1M | $497.0M |
| Net income | $88.2M | $131.3M | -$35.4M | $196.4M | $250.0M |
| Diluted EPS | $0.38 | $0.56 | -$0.16 | $0.86 | $1.10 |
| Operating cash flow | $340.4M | $208.0M | $152.2M | $49.1M | $549.5M |
| Free cash flow | $293.0M | $167.0M | $101.2M | -$1.6M | $495.7M |
| Total assets | $7.7B | $7.5B | $7.8B | $7.9B | $7.9B |
| Total liabilities | $5.7B | $5.8B | $6.1B | $6.3B | $6.4B |
| Stockholders' equity | $2.0B | $1.8B | $1.7B | $1.7B | $1.4B |
| Cash and investments | $784.2M | $793.3M | $767.7M | $644.5M | $770.7M |
| Total debt | $3.1B | $3.4B | $3.7B | $3.7B | $3.8B |
Recent SEC filings
| Form | Description | Filed | Period |
|---|---|---|---|
| 10-Q | Quarterly report | Nov 4, 2026 | Sep 30, 2026 |
| 8-K |
Current report
Results of operations, Regulation FD disclosure
|
Nov 4, 2026 | Nov 4, 2026 |
| 8-K |
Current report
Regulation FD disclosure, Other events
|
Oct 21, 2026 | Oct 21, 2026 |
| 8-K |
Current report
Officer or director change
|
Sep 15, 2026 | Sep 10, 2026 |
| 10-Q | Quarterly report | Aug 5, 2026 | Jun 30, 2026 |
| 8-K |
Current report
Results of operations, Regulation FD disclosure, Other events
|
Aug 5, 2026 | Aug 5, 2026 |
All 678 Cushman & Wakefield Ltd. SEC filings
Source: SEC EDGAR filings. This is company-reported data, not investment advice.