Cushman & Wakefield CWK Business Segments
| Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | ||
|---|---|---|---|---|---|---|
| Revenue by Business | ||||||
| Americas | $1.83B+8.3% | $2.1B+9.5% | $1.92B+9.9% | $1.8B+5.3% | $1.69B+4.2% | |
| APAC | $436.7M+11.6% | $478M+11.8% | $422.7M+13.1% | $420M+19.1% | $391.3M+14.6% | |
| EMEA | $270.1M+31.8% | $340.8M+17.9% | $260.1M+18.3% | $259.8M+17.1% | $205M-7.8% | |
| Other segment items by Business | ||||||
| Americas | $18.3M+64.9% | -$23.7M-265% | -$19.6M-41.0% | -$12.7M+5.2% | $11.1M+159% | |
| APAC | $5.1M-12.1% | -$3.3M+40.0% | -$3.7M+59.8% | -$6.3M+10.0% | $5.8M+293% | |
| EMEA | $3.9M+388% | -$9.7M-471% | -$3M-150% | $6.3M+1,160% | $800K+700% | |
| Adjusted EBITDA by Business | ||||||
| Americas | $96.3M+24.1% | $163.4M+7.7% | $125.9M+13.1% | $112.2M+2.9% | $77.6M+20.5% | |
| APAC | $6.2M-58.4% | $27.9M-9.4% | $15.4M-18.1% | $17.2M+3.0% | $14.9M+217% | |
| EMEA | $8.8M+138% | $47.4M+18.8% | $18.3M+47.6% | $32.3M+145% | $3.7M-58.9% | |
| Direct employment costs by Business | ||||||
| Americas | $623M+12.0% | $924.8M+6.5% | $841.8M+10.4% | $770.4M+8.0% | $556.2M-17.1% | |
| APAC | $110.1M+11.2% | $125.5M+3.8% | $114.2M+7.7% | $105.4M+7.2% | $99M+1.7% | |
| EMEA | $107.1M+16.5% | $135M+24.1% | $105.7M+15.3% | $100.7M+6.1% | $91.9M-3.2% | |
| Other direct costs by Business | ||||||
| Americas | $54M+18.7% | $110M+3.6% | $114.2M+1.2% | $124.5M-4.3% | $45.5M-65.3% | |
| APAC | $91.4M-12.0% | $127.7M+15.6% | $112.3M+10.6% | $95.4M-10.6% | $103.9M-11.1% | |
| EMEA | $39.8M+65.1% | $44M+35.0% | $38.8M+51.6% | $34.6M+27.7% | $24.1M-28.9% | |
| Gross contract costs by Business | ||||||
| Americas | $855.4M+5.8% | —— | —— | —— | $808.6M— | |
| APAC | $181.3M+32.1% | —— | —— | —— | $137.2M— | |
| EMEA | $53M+56.3% | —— | —— | —— | $33.9M— | |
| Goodwill by Business | ||||||
| Americas | $1.47B+0.1% | $1.47B+0.2% | $1.47B-0.1% | $1.47B0.0% | $1.47B-3.2% | |
| APAC | $244.6M+10.3% | $236.8M+7.8% | $234.8M-4.4% | $233.4M-1.4% | $221.8M-4.1% | |
| EMEA | $343.7M+4.2% | $349.7M+13.0% | $349.5M+5.5% | $354.1M+12.3% | $329.8M+4.4% | |
| Effect of movements in exchange rates by Business | ||||||
| Americas | -$900K— | $800K+124% | —— | $3M+600% | $0+100% | |
| APAC | $7.8M+271% | $2M+108% | $1.4M-84.1% | $11.6M— | $2.1M+120% | |
| EMEA | -$6M-152% | $200K+101% | —— | $24.3M+4,150% | $11.6M+337% | |
| Revenue by Product | ||||||
| Capital markets | $181.6M+15.0% | $288.9M+16.5% | $205.2M+20.7% | $207.8M+27.0% | $157.9M+11.1% | |
| Leasing | $497.7M+19.0% | $666.7M+5.8% | $544.7M+9.2% | $493.1M+8.0% | $418.4M+7.9% | |
| Services | $1.74B+8.7% | $1.81B+11.8% | $1.74B+10.7% | $1.67B+6.8% | $1.6B+3.4% | |
| Valuation and other | $113.8M+8.7% | $145.9M+12.7% | $119M+12.5% | $115M+8.0% | $104.7M+0.4% |
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.
