Cushman & Wakefield CWK Business Segments
| Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | ||
|---|---|---|---|---|---|---|
| Revenue by Business | ||||||
| Americas | $1.83B-12.7% | $2.1B+8.9% | $1.92B+6.6% | $1.8B+6.9% | $1.69B-11.7% | |
| APAC | $436.7M-8.6% | $478M+13.1% | $422.7M+0.6% | $420M+7.3% | $391.3M-8.5% | |
| EMEA | $270.1M-20.7% | $340.8M+31.0% | $260.1M+0.1% | $259.8M+26.7% | $205M-29.1% | |
| Other segment items by Business | ||||||
| Americas | $18.3M+177% | -$23.7M-20.9% | -$19.6M-54.3% | -$12.7M-214% | $11.1M+271% | |
| APAC | $5.1M+255% | -$3.3M+10.8% | -$3.7M+41.3% | -$6.3M-209% | $5.8M+205% | |
| EMEA | $3.9M+140% | -$9.7M-223% | -$3M-148% | $6.3M+688% | $800K+147% | |
| Adjusted EBITDA by Business | ||||||
| Americas | $96.3M-41.1% | $163.4M+29.8% | $125.9M+12.2% | $112.2M+44.6% | $77.6M-48.8% | |
| APAC | $6.2M-77.8% | $27.9M+81.2% | $15.4M-10.5% | $17.2M+15.4% | $14.9M-51.6% | |
| EMEA | $8.8M-81.4% | $47.4M+159% | $18.3M-43.3% | $32.3M+773% | $3.7M-90.7% | |
| Direct employment costs by Business | ||||||
| Americas | $623M-32.6% | $924.8M+9.9% | $841.8M+9.3% | $770.4M+38.5% | $556.2M-35.9% | |
| APAC | $110.1M-12.3% | $125.5M+9.9% | $114.2M+8.3% | $105.4M+6.5% | $99M-18.1% | |
| EMEA | $107.1M-20.7% | $135M+27.7% | $105.7M+5.0% | $100.7M+9.6% | $91.9M-15.5% | |
| Other direct costs by Business | ||||||
| Americas | $54M-50.9% | $110M-3.7% | $114.2M-8.3% | $124.5M+174% | $45.5M-57.2% | |
| APAC | $91.4M-28.4% | $127.7M+13.7% | $112.3M+17.7% | $95.4M-8.2% | $103.9M-6.0% | |
| EMEA | $39.8M-9.5% | $44M+13.4% | $38.8M+12.1% | $34.6M+43.6% | $24.1M-26.1% | |
| Gross contract costs by Business | ||||||
| Americas | $855.4M— | —— | —— | —— | $808.6M— | |
| APAC | $181.3M— | —— | —— | —— | $137.2M— | |
| EMEA | $53M— | —— | —— | —— | $33.9M— | |
| Goodwill by Business | ||||||
| Americas | $1.47B-0.1% | $1.47B+0.1% | $1.47B-0.1% | $1.47B+0.2% | $1.47B0.0% | |
| APAC | $244.6M+3.3% | $236.8M+0.9% | $234.8M+0.6% | $233.4M+5.2% | $221.8M+1.0% | |
| EMEA | $343.7M-1.7% | $349.7M+0.1% | $349.5M-1.3% | $354.1M+7.4% | $329.8M+6.6% | |
| Effect of movements in exchange rates by Business | ||||||
| Americas | -$900K-213% | $800K— | —— | $3M— | $0+100% | |
| APAC | $7.8M+290% | $2M+42.9% | $1.4M-87.9% | $11.6M+452% | $2.1M+108% | |
| EMEA | -$6M-3,100% | $200K— | —— | $24.3M+109% | $11.6M+153% | |
| Revenue by Product | ||||||
| Capital markets | $181.6M-37.1% | $288.9M+40.8% | $205.2M-1.3% | $207.8M+31.6% | $157.9M-36.3% | |
| Leasing | $497.7M-25.3% | $666.7M+22.4% | $544.7M+10.5% | $493.1M+17.9% | $418.4M-33.6% | |
| Services | $1.74B-3.8% | $1.81B+4.3% | $1.74B+4.1% | $1.67B+4.0% | $1.6B-1.1% | |
| Valuation and other | $113.8M-22.0% | $145.9M+22.6% | $119M+3.5% | $115M+9.8% | $104.7M-19.2% |
Chart any of these lines over time, or line them up against competitors.
Compare these in charts →Questions, answered.
- How does Cushman & Wakefield break its business down?
- Cushman & Wakefield (CWK) reports revenue by business across 3 parts — Americas, APAC and EMEA. Each is extracted from the segment footnotes and tracked over time.
- Where does Cushman & Wakefield 's segment data come from?
- Segment breakdowns are pulled from the segment footnotes in Cushman & Wakefield 's SEC filings (the XBRL dimensional tags), so every line ties back to a reported figure. Switch between quarterly, annual, and TTM, or open any segment for its full history.
