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Cushman & Wakefield CWK Contract Liabilities

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Other financials

Income statement

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Revenue$2.8B+11.2%
Gross profit$512.0M+9.6%
Operating income$134.2M+9.3%
Net income$52.7M-8.0%
EPS (diluted)$0.22-12.0%

Balance sheet

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Cash & equivalents$518.7M-19.7%
Total debt$3.1B-5.9%
Total equity$2.0B+6.2%
Total assets$7.6B0.0%

Cash flow

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Operating cash flow-$243.5M-50.3%
CapEx$8.5M-8.6%
Free cash flow-$255.7M-53.5%

Valuation

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Market cap$3.21B+1.3%
Enterprise value$5.76B-0.4%
P/E21.6×
P/S0.3×0.0×

Profitability

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Gross margin18.1%-0.5pp
Operating margin4.4%+0.1pp
Net margin2.2%
FCF margin1.9%+0.5pp

Returns & leverage

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Return on equity12.2%
Debt / equity1.5×-0.2×
Current ratio1.1×-0.1×

Where this comes from

Reported directly by Cushman & Wakefield in its filing.

Tagged under the XBRL concept us-gaap:ContractWithCustomerLiability.

The source filing: Cushman & Wakefield’s 10-Q, filed August 5, 2026.

Filed
Aug 5, 2026, 4:17 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001628369-26-000118
Line itemAs of / June 30, 2026As of / December 31, 2025
Short-term contract assets, net343.4301.4
Non-current contract assets58.063.1
Contract asset allowances(4.1)(2.8)
Non-current contract assets, net included in Other non-current assets53.960.3
Total contract assets, net$397.3$361.7
Contract liabilities included in Accounts payable and accrued expenses$54.4$86.6
Contract liabilities included in Other non-current liabilities18.117.4
Total contract liabilities$72.5$104.0

Item 1. Financial Statements.

FAQ

What is Cushman & Wakefield's contract liabilities?
Cushman & Wakefield (CWK) reported contract liabilities of $72.5M in Q2 2026.
How has Cushman & Wakefield's contract liabilities changed year-over-year?
Cushman & Wakefield's contract liabilities decreased by 20.8% year-over-year, from $91.5M to $72.5M.
What is the long-term trend for Cushman & Wakefield's contract liabilities?
Over 5 years (2020 to 2025), Cushman & Wakefield's contract liabilities has grown at a 19.4% compound annual growth rate (CAGR), from $42.8M to $104M.
What does contract liabilities mean?
Revenue collected or billed in advance of performance — deferred revenue under ASC 606 terminology, representing future revenue obligations.

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