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Cushman & Wakefield CWK EMEA — Adjusted EBITDA

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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 cwk:IncomeLossFromContinuingOperationsBeforeInterestTaxesDepreciationAndAmortization.

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 itemAmericasEMEAAPACTotal
Less:
Gross contract costs882.552.0192.21,126.7
Direct employment costs714.7110.6114.2939.5
Other direct costs47.542.094.9184.4
Indirect and overhead employment costs126.833.235.8195.8
Other indirect and overhead costs105.030.917.6153.5
Add: Other segment items(1)14.71.64.620.9
Adjusted EBITDA$136.0$28.0$19.6$183.6

Item 1. Financial Statements.

FAQ

What is Cushman & Wakefield's EMEA — adjusted EBITDA?
Cushman & Wakefield (CWK) reported EMEA — adjusted EBITDA of $28M in Q2 2026.
How has Cushman & Wakefield's EMEA — adjusted EBITDA changed year-over-year?
Cushman & Wakefield's EMEA — adjusted EBITDA decreased by 18.1% year-over-year, from $34.2M to $28M.
What is the long-term trend for Cushman & Wakefield's EMEA — adjusted EBITDA?
Over 4 years (2021 to 2025), Cushman & Wakefield's EMEA — adjusted EBITDA has grown at a -3.2% compound annual growth rate (CAGR), from $117.9M to $103.6M.
What does EMEA — adjusted EBITDA mean?
Measures the operational profitability of the EMEA segment by excluding interest, taxes, depreciation, amortization, and non-recurring charges. This is a key indicator of the segment's ability to generate cash flow from its core real estate service activities.

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