Cushman & Wakefield Ltd. (CWK) stock
CWKNYSEReal EstateFiscal year ends December 31
Financials through Q3 FY2026, quarter ended Sep 30, 2026Last filing: 10-Q on Nov 4, 2026Score 5/3039% above fair value
$13.30−0.19 (-1.41%)
Close on Nov 13, 2026Market cap $3.12BP/E 44.3Yield –
Cushman & Wakefield operating margin
Operating margin is operating income as a percentage of revenue.
Cushman & Wakefield's operating margin for the twelve months ending Sep 30, 2026 was 4.5%. For fiscal 2025 it was 4.4%, against 3.6% the year before. The highest annual figure on record is 5.3% in fiscal 2022.
Annual operating margin
| Period | Period end | Value | Change (pts) |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | 4.4% | +0.8 |
| FY2024 | Dec 31, 2024 | 3.6% | +1.4 |
| FY2023 | Dec 31, 2023 | 2.2% | −3.1 |
| FY2022 | Dec 31, 2022 | 5.3% | +0.0 |
| FY2021 | Dec 31, 2021 | 5.3% | +6.0 |
| FY2020 | Dec 31, 2020 | -0.7% | −2.8 |
| FY2019 | Dec 31, 2019 | 2.1% | +2.0 |
| FY2018 | Dec 31, 2018 | 0.2% | +2.6 |
| FY2017 | Dec 31, 2017 | -2.5% | +2.3 |
| FY2016 | Dec 31, 2016 | -4.8% | – |
Quarterly operating margin
Change is against the same quarter a year earlier.
| Period | Period end | Value | Change (pts) |
|---|---|---|---|
| Q3 FY2026 | Sep 30, 2026 | 4.6% | +0.5 |
| Q2 FY2026 | Jun 30, 2026 | 4.9% | −0.1 |
| Q1 FY2026 | Mar 31, 2026 | 2.3% | +0.3 |
| Q4 FY2025 | Dec 31, 2025 | 6.1% | −0.6 |
| Q3 FY2025 | Sep 30, 2025 | 4.1% | +0.9 |
| Q2 FY2025 | Jun 30, 2025 | 4.9% | +1.9 |
| Q1 FY2025 | Mar 31, 2025 | 2.0% | +1.1 |
| Q4 FY2024 | Dec 31, 2024 | 6.6% | +2.3 |
| Q3 FY2024 | Sep 30, 2024 | 3.2% | +0.7 |
| Q2 FY2024 | Jun 30, 2024 | 3.1% | +0.7 |
| Q1 FY2024 | Mar 31, 2024 | 0.9% | +1.7 |
| Q4 FY2023 | Dec 31, 2023 | 4.3% | +0.1 |
| Q3 FY2023 | Sep 30, 2023 | 2.5% | −1.9 |
| Q2 FY2023 | Jun 30, 2023 | 2.3% | −4.4 |
| Q1 FY2023 | Mar 31, 2023 | -0.8% | −6.6 |
| Q4 FY2022 | Dec 31, 2022 | 4.2% | −4.5 |
| Q3 FY2022 | Sep 30, 2022 | 4.5% | −1.1 |
| Q2 FY2022 | Jun 30, 2022 | 6.8% | +1.2 |
| Q1 FY2022 | Mar 31, 2022 | 5.8% | +6.2 |
| Q4 FY2021 | Dec 31, 2021 | 8.6% | +4.4 |
| Q3 FY2021 | Sep 30, 2021 | 5.6% | +5.6 |
| Q2 FY2021 | Jun 30, 2021 | 5.5% | +9.1 |
| Q1 FY2021 | Mar 31, 2021 | -0.4% | +4.1 |
| Q4 FY2020 | Dec 31, 2020 | 4.2% | −0.5 |
| Q3 FY2020 | Sep 30, 2020 | -0.0% | −1.8 |
| Q2 FY2020 | Jun 30, 2020 | -3.6% | −6.1 |
| Q1 FY2020 | Mar 31, 2020 | -4.5% | −3.1 |
| Q4 FY2019 | Dec 31, 2019 | 4.7% | +2.9 |
| Q3 FY2019 | Sep 30, 2019 | 1.7% | +0.8 |
| Q2 FY2019 | Jun 30, 2019 | 2.5% | +1.0 |
| Q1 FY2019 | Mar 31, 2019 | -1.4% | +3.3 |
| Q4 FY2018 | Dec 31, 2018 | 1.8% | −0.0 |
| Q3 FY2018 | Sep 30, 2018 | 1.0% | +4.2 |
| Q2 FY2018 | Jun 30, 2018 | 1.6% | +3.6 |
| Q1 FY2018 | Mar 31, 2018 | -4.6% | +3.5 |
| Q4 FY2017 | Dec 31, 2017 | 1.8% | – |
| Q3 FY2017 | Sep 30, 2017 | -3.2% | – |
| Q2 FY2017 | Jun 30, 2017 | -2.1% | – |
| Q1 FY2017 | Mar 31, 2017 | -8.1% | – |
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