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Cushman & Wakefield CWK Q4 2025 Annual earnings

Reported February 19, 2026 · Before market open

Revenue$2.0BBeat by $27.9MDiluted EPS-$0.10Miss by $0.63
Revenue estimate$2.0B
EPS estimate$0.53

Next report

Aug 4, 2026 (In 3 weeks)
Revenue estimate$2.2B
EPS estimate$0.35

Financials

Q4 2025

Income statement

See full
Revenue$2.9B+10.8%
Gross profit$574.5M+8.7%
Operating income$176.9M+1.4%

Balance sheet

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Cash & equivalents$803.5M-1.4%
Total debt$3.1B-9.1%
Total equity$2.0B+11.4%
Total assets$7.7B+1.7%

Cash flow

See full
Operating cash flow$257.3M+123%
CapEx$23.0M+147%
Free cash flow$234.3M+121%

Valuation & ratios

Valuation

as of 12/31/25
See full
Market cap$3.75B+24.9%
Enterprise value$6.07B+7.9%
P/S0.4×0.0×

Profitability

See full
Gross margin18.3%0.0pp
Operating margin4.4%+0.8pp
FCF margin2.8%+1.1pp

Returns & leverage

See full
Debt / equity1.6×-0.4×
Current ratio1.1×-0.1×

Segments

By product

See full
Services$1.8B+11.8%
Leasing$666.7M+5.8%
Capital markets$288.9M+16.5%
Valuation and other$145.9M+12.7%

By segment

See full
Americas$2.1B+9.5%
APAC$478.0M+11.8%
EMEA$340.8M+17.9%

Versus estimates

Revenue

Q1 2026$2.5BBeat by $993.9M
Q4 2025$2.0BBeat by $27.9M
Q3 2025$2.6BMiss by $213.2MQ2 2025$2.5BBeat by $16.0MQ1 2025$2.3BMiss by $70.6MQ4 2024$2.6BBeat by $392.5M

Diluted EPS

Q1 2026$0.15Beat by $0.02
Q4 2025-$0.10Miss by $0.63
Q3 2025$0.29Beat by $0.01Q2 2025$0.30Beat by $0.08Q1 2025$0.09Beat by $0.07Q4 2024$0.48Beat by $0.03

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Questions, answered.

When did Cushman & Wakefield report Q4 2025 earnings?
Cushman & Wakefield (CWK) reported Q4 2025 earnings on February 19, 2026 before market open.
What were Cushman & Wakefield 's Q4 2025 revenue and EPS?
Cushman & Wakefield reported revenue of $2.0B and diluted EPS of $-0.10 for Q4 2025.
Did Cushman & Wakefield beat estimates in Q4 2025?
Revenue beat the consensus estimate of $2.0B by $27.9M. EPS missed the consensus estimate of $0.53 by $0.63.
How did Cushman & Wakefield 's Q4 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue declined 22.4% from $2.6B a year earlier.
Where can I find Cushman & Wakefield 's Q4 2025 SEC filings?
You can read the 8-K earnings release (0001628369-26-000005) and the 10-K periodic report (0001628369-26-000008) directly on SEC EDGAR. The filing index links above go to sec.gov.