Cushman & Wakefield plc
NYSE: CWK · REAL ESTATE · REAL ESTATE SERVICES
Updated 2026-06-05
Cushman & Wakefield plc (CWK) Financial statements
SEC filings — annual and quarterly data.
Cash flow — annual
| Item | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $-43.60M | $-335.10M | $4.40M | $-2.20M | $269.30M | $-38.20M | $549.50M | $49.10M | $152.20M | $208.00M | $340.40M |
| Capital expenditures | $43.90M | $77.30M | $129.10M | $84.20M | $80.30M | $41.00M | $53.80M | $50.70M | $51.00M | $41.00M | $47.40M |
| Depreciation | — | — | — | — | — | — | — | — | — | — | — |
| Stock-based comp | $34.00M | $49.00M | $51.40M | $81.90M | $61.30M | $42.00M | $58.20M | $40.30M | $54.10M | $35.60M | $58.20M |
| Free cash flow | $-87.50M | $-412.40M | $-124.70M | $-86.40M | $189.00M | $-79.20M | $495.70M | $-1.60M | $101.20M | $167.00M | $293.00M |
| Investing cash flow | — | — | — | — | — | — | — | — | — | — | — |
| Financing cash flow | — | — | — | — | — | — | — | — | — | — | — |
| Dividends paid | — | $642.70M | $318.70M | $2.94B | — | — | $19.00M | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — | — | — | — | — |
| Debt repayment | — | — | — | — | — | — | — | — | — | — | — |
| Net change in cash | — | — | — | $505.70M | $-95.20M | $275.90M | $-265.80M | $-150.90M | — | — | — |
Frequently asked questions
What is Cushman & Wakefield plc's revenue?
Cushman & Wakefield plc's trailing twelve-month revenue is $10.54B. Revenue is the top line the whole model builds on, and at this scale the question shifts from how fast it grows to whether margins hold as it compounds.
How profitable is CWK?
In its most recent fiscal year, CWK ran a gross margin of 16.25%, an operating margin of 4.46%, and a net margin of 0.86%. Margins this high mean most of each extra dollar of revenue drops through to profit, which is the signature of real pricing power.
How much free cash flow does CWK generate?
CWK produced $293.00M in free cash flow in its most recent fiscal year. Free cash flow is what is left after running and reinvesting in the business, and it is the cash that actually funds buybacks, dividends, and a stronger balance sheet.
Is CWK's balance sheet healthy?
CWK holds $784.20M in cash and equivalents against $2.60B in long-term debt, on $1.96B of shareholder equity. That debt is best read against the cash flow the business throws off each year.