Cushman & Wakefield
Manages workplaces and advises occupiers and investors on commercial real estate transactions.
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Profile
Provides property and facilities management, project management, leasing, capital-markets, and valuation services to commercial real estate occupiers and investors worldwide. Recurring outsourced-services contracts anchor the revenue mix, while brokerage and financing fees depend on transaction activity and the Americas supplies most fee revenue.
Advises commercial real estate occupiers and investors while operating buildings and workplaces across the Americas, EMEA and Asia Pacific. Services—the largest line—combines property and facilities management, facilities services and project management, often through recurring multi-year contracts. Leasing represents owners and tenants; Capital markets handles property sales and arranges equity, debt and structured financing; Valuation and other covers appraisals, portfolio advice and related consulting.
An integrated platform lets multinational clients bundle workplace operations, transaction management and advisory work across markets. The Americas generates most fee revenue, and the United States is the largest country market. Recurring service contracts temper, but do not remove, exposure to leasing and capital-markets transaction volumes. Brokerage, management, valuation and debt-placement activities require licenses across many jurisdictions.
Company facts
Categories
Key statistics
Year to date −10.9% · Average volume (30d) 1.9M
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Aug 17, 2026 | Barclays | Reiterate | Equal Weight | $19 | $16 | |
| Aug 10, 2026 | UBS | Reiterate | Neutral | $17 | $15 | |
| May 21, 2026 | Goldman Sachs | Target | $25 | $17 | ||
| Feb 9, 2026 | Wolfe Research | Target | $14 | $19 | ||
| Jan 16, 2026 | Morgan Stanley | Target | $14.50 | $19 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 5, 2026Q2 FY26 | $0.35 | $0.35 | +0.1% | $2.65B | $2.76B | +4.3% | −0.36% |
| May 7, 2026Q1 FY26 | $0.13 | $0.15 | +15.4% | $1.54B | $2.54B | +64.5% | +2.45% |
| Feb 19, 2026Q4 FY25 | $0.53 | −$0.10 | −118.5% | $2.01B | $2.04B | +1.4% | +1.52% |
| Oct 30, 2025Q3 FY25 | $0.28 | $0.29 | +3.6% | $2.82B | $2.61B | −7.6% | −2.97% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $2.28B | $2.48B | $2.61B | $2.91B | $2.54B | $2.76B | |
| Gross profit | $384.3M | $441.1M | $428.1M | $523.5M | $370.1M | $455.0M | |
| Operating income | $45.3M | $122.1M | $107.5M | $176.9M | $58.7M | $134.2M | |
| Net income | $1.9M | $57.3M | $51.4M | −$22.4M | −$12.6M | $52.7M | |
| Diluted EPS | $0.01 | $0.25 | $0.22 | −$0.10 | −$0.05 | $0.22 | |
| Gross margin | 16.8% | 17.8% | 16.4% | 18.0% | 14.6% | 16.5% | |
| Operating margin | 2.0% | 4.9% | 4.1% | 6.1% | 2.3% | 4.9% |
Fiscal years (4-quarter sums)FY21 $9.39B · FY22 $10.11B · FY23 $9.49B · FY24 $9.45B · FY25 $10.29B
Revenue by geography · Q2 FY26
Balance sheet, Jun 30, 2026Cash & short-term investments $500.5M · Total debt $3.03B · Total assets $7.55B · Shareholders' equity $2.02B
Dividends
No dividends on record.
Ownership
Institutions and insiders are filed separately and overlap, so together they can pass the whole company. No split is drawn from them.
Shares outstanding 234.30M · Float 232.34M · 99.2% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 33.78M | 14.42% | 13F | Aug 7, 2026 |
| Vanguard Portfolio Management LLC | 24.74M | 10.56% | 13F | Aug 13, 2026 |
| Dimensional Fund Advisors LP | 13.80M | 5.89% | 13F | Aug 11, 2026 |
| Vanguard Capital Management LLC | 10.48M | 4.47% | 13F | Aug 13, 2026 |
| State Street Corp | 9.57M | 4.08% | 13F | Aug 7, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 13, 2026 | Laurida Sayed | officer: See Remarks | −16,000 | $13.88 |
| Jun 4, 2026 | Nathaniel Robinson | officer: See Remarks | −24,828 | $13.25 |
| May 12, 2026 | Nathaniel Robinson | officer: See Remarks | −10,000 | $13.52 |
| Mar 3, 2026 | Nathaniel Robinson | officer: See Remarks | −10,000 | $13.50 |
| Sep 5, 2025 | Angela Sun | director | −6,800 | $16.02 |
Peers
- CBRE Group
World's largest CRE-services firm; head-to-head across every service line.
- Jones Lang LaSalle
Big Three CRE firm; head-to-head in leasing, capital markets, and PM/FM.
- Newmark Group
US CRE advisor with top capital markets platform and multifamily GSE lending.
- Colliers International Group
Global diversified CRE services, engineering, and investment management firm.
- Walker & Dunlop
Top US multifamily agency lender in GSE debt, investment sales, and servicing.
- Marcus & Millichap
Private-client and mid-market CRE investment-sales and financing brokerage.
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Cushman & Wakefield | $14.12 | +0.07% | $3.31B | 48.4 | 9.1 | 0.3 | +11.2% |
| CBRE Group | $150.82 | −0.07% | $43.69B | 34.6 | 18.8 | 1.0 | +15.1% |
| Jones Lang LaSalle | $378.01 | +0.00% | $17.39B | 18.1 | 14.5 | 0.6 | +10.8% |
| Newmark Group | $15.83 | −0.03% | $2.47B | 19.9 | 7.6 | 0.7 | +17.0% |
| Colliers International Group | $102.93 | +0.07% | $5.12B | 47.9 | 12.7 | 0.9 | +13.3% |
| Walker & Dunlop | $41.78 | +1.04% | $1.42B | 36.9 | 12.2 | 1.1 | +3.5% |
| Marcus & Millichap | $32.50 | −0.15% | $1.23B | 88.8 | 45.5 | 1.5 | +17.8% |
| Median | 35.8 | 13.6 | 0.9 | +14.2% |