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Cushman & Wakefield CWK APAC — Direct employment costs

Other segment segments

Americas
$623M+12.0%
EMEA
$107.1M+16.5%

Similar metrics at other companies

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TDWAsia Pacific1 — Cost Direct Labor
$15.87M-22.0%
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ACNAsia Pacific — Payroll costs
$1.67B+7.0%
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KFYAsia Pacific — Compensation and benefits
$16.18M+6.7%
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SNXAPJ — Compensation Expense, Excluding Cost of Good and Service Sold
$34.85M+14.5%

Other financials

Income statement

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Revenue$2.5B+11.0%
Gross profit$420.7M+9.5%
Operating income$58.7M+29.6%
Net income-$12.6M-763%
EPS (diluted)-$0.05-600%

Balance sheet

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Cash & equivalents$619.5M-3.2%
Total debt$3.2B-4.5%
Total equity$2.0B+9.9%
Total assets$7.6B+3.2%

Cash flow

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Operating cash flow-$243.5M-50.3%
CapEx$12.2M+165%
Free cash flow-$255.7M-53.5%

Valuation

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Market cap$3B+21.1%
Enterprise value$5.53B+7.3%
P/E30.6×
P/S0.3×0.0×

Profitability

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Gross margin18.2%-0.2pp
Operating margin4.4%+0.6pp
Net margin2.2%
FCF margin1.9%+0.5pp

Returns & leverage

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Return on equity12.2%
Debt / equity1.6×-0.2×
Current ratio1.1×0.0×

Where this comes from

Reported directly by Cushman & Wakefield in its filing.

Tagged under the XBRL concept us-gaap:CostDirectLabor.

The official record: Cushman & Wakefield ’s 10-Q, filed May 7, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Cushman & Wakefield 's APAC — direct employment costs?
Cushman & Wakefield (CWK) reported APAC — direct employment costs of $110.1M in Q1 2026.
How has Cushman & Wakefield 's APAC — direct employment costs changed year-over-year?
Cushman & Wakefield 's APAC — direct employment costs increased by 11.2% year-over-year, from $99M to $110.1M.
What is the long-term trend for Cushman & Wakefield 's APAC — direct employment costs?
Over 3 years (2022 to 2025), Cushman & Wakefield 's APAC — direct employment costs has grown at a 3.4% compound annual growth rate (CAGR), from $401.2M to $444.1M.
What does APAC — direct employment costs mean?
Captures the total compensation, benefits, and payroll-related expenses for personnel directly involved in delivering services to clients within the Asia Pacific segment. This is a primary driver of the cost structure for service-based revenue generation.