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+8.3% | $7.51B+7.3% | $7.33B+5.4% | $7.16B+3.6% | $7.07B+0.5% | |
| APAC | $1.76B+13.7% | $1.71B+14.5% | $1.66B+13.5% | $1.61B+12.6% | $1.55B+9.7% | |
| EMEA | $1.13B+20.8% | $1.07B+11.8% | $1.01B+6.6% | $973.8M+0.1% | $935.9M-5.6% | |
| Other segment items by Business | ||||||
| Americas | -$37.7M-66.1% | -$44.9M+14.8% | -$27.7M+62.8% | -$22M+75.2% | -$22.7M+78.1% | |
| APAC | -$8.2M+48.4% | -$7.5M+69.6% | -$9.7M+65.0% | -$15.2M+43.8% | -$15.9M+44.4% | |
| EMEA | -$2.5M-56.3% | -$5.6M-143% | $2.4M+127% | $4.2M+126% | -$1.6M+93.7% | |
| Adjusted EBITDA by Business | ||||||
| Americas | $497.8M+10.7% | $479.1M+9.8% | $467.4M+10.3% | $452.8M+5.3% | $449.6M+2.8% | |
| APAC | $66.7M-17.9% | $75.4M+6.2% | $78.3M+15.0% | $81.7M+25.1% | $81.2M+32.2% | |
| EMEA | $106.8M+54.3% | $101.7M+36.5% | $94.2M+16.9% | $88.3M+4.1% | $69.2M-21.8% | |
| Direct employment costs by Business | ||||||
| Americas | $3.16B+9.0% | $3.09B+2.6% | $3.04B+6.1% | $2.96B+5.1% | $2.9B+3.0% | |
| APAC | $455.2M+7.3% | $444.1M+5.1% | $439.5M+7.6% | $431.3M+5.4% | $424.2M+1.5% | |
| EMEA | $448.5M+15.8% | $433.3M+11.0% | $407.1M+7.1% | $393.1M+1.6% | $387.3M-0.9% | |
| Other direct costs by Business | ||||||
| Americas | $402.7M+2.0% | $394.2M-17.9% | $390.4M-26.0% | $389.1M-31.6% | $394.7M-33.4% | |
| APAC | $426.8M+1.0% | $439.3M+0.8% | $422.1M-1.9% | $411.3M-5.2% | $422.6M-2.3% | |
| EMEA | $157.2M+43.7% | $141.5M+18.7% | $130.1M+2.1% | $116.9M-18.1% | $109.4M-30.1% | |
| Goodwill by Business | ||||||
| Americas | $5.89B0.0% | $5.88B-0.8% | $5.88B-1.6% | $5.88B-2.3% | $5.88B-3.1% | |
| APAC | $949.6M+2.8% | $926.8M-0.7% | $909.7M-4.8% | $920.4M-1.9% | $923.7M-1.6% | |
| EMEA | $1.4B+8.6% | $1.38B+8.7% | $1.34B+4.6% | $1.32B+5.2% | $1.29B+1.8% | |
| Effect of movements in exchange rates by Business | ||||||
| APAC | $22.8M— | $17.1M— | -$10.7M— | -$3.3M— | —— | |
| Revenue by Product | ||||||
| Capital markets | $883.5M+19.5% | $859.8M+18.8% | $818.9M+24.0% | $783.7M+17.4% | $739.5M+6.2% | |
| Leasing | $2.2B+9.9% | $2.12B+7.6% | $2.09B+7.8% | $2.04B+8.6% | $2B+7.1% | |
| Services | $6.96B+9.5% | $6.82B+8.2% | $6.63B+4.7% | $6.46B+2.1% | $6.36B-1.0% | |
| Valuation and other | $493.7M+10.6% | $484.6M+8.6% | $468.2M+6.1% | $455M+4.7% | $446.5M+1.3% |
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.
