Cushman & Wakefield CWK Business Segments
| TTM Q1 '26 | TTM Q4 '25 | TTM Q3 '25 | TTM Q2 '25 | TTM Q1 '25 | ||
|---|---|---|---|---|---|---|
| Revenue by Business | ||||||
| Americas | $7.65B+1.9% | $7.51B+2.5% | $7.33B+2.4% | $7.16B+1.3% | $7.07B+1.0% | |
| APAC | $1.76B+2.7% | $1.71B+3.0% | $1.66B+3.0% | $1.61B+4.4% | $1.55B+3.3% | |
| EMEA | $1.13B+6.1% | $1.07B+5.1% | $1.01B+4.1% | $973.8M+4.0% | $935.9M-1.8% | |
| Other segment items by Business | ||||||
| Americas | -$37.7M+16.0% | -$44.9M-62.1% | -$27.7M-25.9% | -$22M+3.1% | -$22.7M+56.9% | |
| APAC | -$8.2M-9.3% | -$7.5M+22.7% | -$9.7M+36.2% | -$15.2M+4.4% | -$15.9M+35.6% | |
| EMEA | -$2.5M+55.4% | -$5.6M-333% | $2.4M-42.9% | $4.2M+363% | -$1.6M+30.4% | |
| Adjusted EBITDA by Business | ||||||
| Americas | $497.8M+3.9% | $479.1M+2.5% | $467.4M+3.2% | $452.8M+0.7% | $449.6M+3.0% | |
| APAC | $66.7M-11.5% | $75.4M-3.7% | $78.3M-4.2% | $81.7M+0.6% | $81.2M+14.4% | |
| EMEA | $106.8M+5.0% | $101.7M+8.0% | $94.2M+6.7% | $88.3M+27.6% | $69.2M-7.1% | |
| Direct employment costs by Business | ||||||
| Americas | $3.16B+2.2% | $3.09B+1.9% | $3.04B+2.7% | $2.96B+2.0% | $2.9B-3.8% | |
| APAC | $455.2M+2.5% | $444.1M+1.0% | $439.5M+1.9% | $431.3M+1.7% | $424.2M+0.4% | |
| EMEA | $448.5M+3.5% | $433.3M+6.4% | $407.1M+3.6% | $393.1M+1.5% | $387.3M-0.8% | |
| Other direct costs by Business | ||||||
| Americas | $402.7M+2.2% | $394.2M+1.0% | $390.4M+0.3% | $389.1M-1.4% | $394.7M-17.8% | |
| APAC | $426.8M-2.8% | $439.3M+4.1% | $422.1M+2.6% | $411.3M-2.7% | $422.6M-3.0% | |
| EMEA | $157.2M+11.1% | $141.5M+8.8% | $130.1M+11.3% | $116.9M+6.9% | $109.4M-8.2% | |
| Goodwill by Business | ||||||
| Americas | $5.89B0.0% | $5.88B0.0% | $5.88B0.0% | $5.88B0.0% | $5.88B-0.8% | |
| APAC | $949.6M+2.5% | $926.8M+1.9% | $909.7M-1.2% | $920.4M-0.4% | $923.7M-1.0% | |
| EMEA | $1.4B+1.0% | $1.38B+3.0% | $1.34B+1.4% | $1.32B+3.0% | $1.29B+1.1% | |
| Effect of movements in exchange rates by Business | ||||||
| APAC | $22.8M+33.3% | $17.1M+260% | -$10.7M-224% | -$3.3M— | —— | |
| Revenue by Product | ||||||
| Capital markets | $883.5M+2.8% | $859.8M+5.0% | $818.9M+4.5% | $783.7M+6.0% | $739.5M+2.2% | |
| Leasing | $2.2B+3.7% | $2.12B+1.7% | $2.09B+2.3% | $2.04B+1.8% | $2B+1.6% | |
| Services | $6.96B+2.0% | $6.82B+2.9% | $6.63B+2.6% | $6.46B+1.7% | $6.36B+0.8% | |
| Valuation and other | $493.7M+1.9% | $484.6M+3.5% | $468.2M+2.9% | $455M+1.9% | $446.5M+0.1% |
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.