10x Insights
Loading account…
Companies / Real Estate / Cushman & Wakefield Ltd.
CWK

Cushman & Wakefield Ltd.

Real EstateReal Estate
Ticker CWKHAMILTONFiscal year ends DecemberBook value per share $8.88Diluted shares 236.3M

Cushman & Wakefield Ltd. (NYSE: CWK) is a global commercial real estate services firm serving property occupiers and investors, including tenants, multinational companies, government entities, and public and private organizations. Its offerings span property and facilities management, project management, leasing… From the company’s description.

Over the twelve months to Sep 30, 2026, Cushman & Wakefield Ltd. reported revenue of $11.02B, up 10.2% from a year earlier, and net income of $69.80M. Its operating margin was 4.5%, and operations generated $281.70M in cash. In fiscal 2025, it reported revenue of $10.29B, up 8.9% from fiscal 2024, and net income of $88.20M.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-09-30
Sales & profitability
$10.29BFY2025
+8.9% year over year
Last 12 mo $11.02B
4.40%FY2025
+0.8 percentage points
Last 12 mo 4.53%
$88.20MFY2025
−32.8% year over year
Last 12 mo $69.80M
4.75%FY2025
−4.5 percentage points
Last 12 mo 3.32%
Cash & financing
$340.40MFY2025
+63.7% year over year
Last 12 mo $281.70M
$293.00MFY2025
+75.4% year over year
Last 12 mo $200.20M
1.41FY2025
Was 1.73× a year earlier
Last 12 mo 1.24
234.7MFY2025
+0.8% year over year
Last 12 mo 236.3M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What Cushman & Wakefield Ltd. does

In the company’s own words

Cushman & Wakefield Ltd. (NYSE: CWK) is a global commercial real estate services firm serving property occupiers and investors, including tenants, multinational companies, government entities, and public and private organizations. Its offerings span property and facilities management, project management, leasing representation, real estate sales and financing, valuation, and advisory services across asset types such as office, industrial, multifamily, retail, data centers and healthcare. The company reports three geographic segments: the Americas, EMEA, and APAC, which contributed 73%, 10%, and 17% of 2025 revenue, respectively. By service line, Services generated 66% of revenue, Leasing 21%, Capital markets 8%, and Valuation and other 5%. Services include facilities and property management, portfolio administration, workplace consulting and sustainability services; Leasing represents owners and tenants, while Capital markets advises on property transactions and financing. In 2025, the company generated $10.3 billion in revenue and managed approximately 6.5 billion square feet of commercial real estate, with about 53,000 employees across more than 350 offices in nearly 60 countries. Its main brands include Cushman & Wakefield and DTZ. Its website is www.cushmanwakefield.com.

Company details
Sector
Real Estate
Industry (SIC)
Real Estate
Headquarters
HAMILTON
Fiscal year end
December
CIK
1628369
SIC
6500

Financial performance, year by year

Fiscal 2016–2025 · USD
$-1.58B$1.86B$5.29B$8.73B$12.17B2016201720182019202020212022202320242025Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns Cushman & Wakefield Ltd. — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

121
funds hold it
1 of 35
superinvestors hold it
$706.92M
held by funds, at market
22.3%
of shares held by funds

Superinvestors in Cushman & Wakefield Ltd. · what they did last quarter

Bill NygrenDECREASED -1.4%
Harris Associates (Oakmark)
<0.1%of 13F portfolio

Share of each manager’s reported 13F portfolio. Change is in shares held, since the previous quarter.

Largest fund holders · Cushman & Wakefield Ltd.’s weight in each

VANGUARD REAL ESTATE INDEX FUND
VNQ · VANGUARD SPECIALIZED FUNDS
—of fund net assets
VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.00%of fund net assets
VANGUARD SMALL-CAP INDEX FUND
VB · VANGUARD INDEX FUNDS
0.04%of fund net assets
VANGUARD SMALL-CAP VALUE INDEX FUND
VBR · VANGUARD INDEX FUNDS
0.07%of fund net assets
VANGUARD EXTENDED MARKET INDEX FUND
VXF · VANGUARD INDEX FUNDS
0.04%of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Fund ownership is a subset of institutional 13F ownership — the two describe overlapping populations and must not be added together.

Could not be determined for this company: bond issues.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

Compare this company with peers, find it in your funds and follow its financial history with your connected AI:

  • “How do Cushman & Wakefield Ltd. and its peers compare on margins and cash generation over ten years?”
  • “Where did five years of Cushman & Wakefield Ltd.'s earnings go — cash, debt, buybacks, reinvestment?”
  • “What changed in Cushman & Wakefield Ltd.'s last four quarterly filings that the numbers alone won't show?”
See how it works →All research tools with a subscription. Use your own AI account.