CWK · NYSE · Real Estate - Services

Cushman & Wakefield (CWK)

Manages workplaces and advises occupiers and investors on commercial real estate transactions.

$12.83
vs last close−0.07 (−0.58%)
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Cushman & Wakefield plcCWK
Real Estate

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

CEOMichelle M. MacKay
ListedNov 28, 2025
ExchangeNYSE
HeadquartersChicago, IL
CountryUnited Kingdom
Employees53,000
CIK0001628369
ISINBMG2717C1064

Market cap$3.02B
EPS (ttm)$0.2918
P/E (ttm)44.21
ROE3.5%
P/B1.50
P/S0.2794
Dividend yieldDiv yield
Beta1.53vs XLRE 1.05

Price target$16.00+24.0%Average of 16 analysts
ConsensusHold8 of 16 analysts
Ratings

Target rangeAs of Sep 21, 2026

Latest analyst notes

DateFirmActionPriorCurrent
Aug 17, 2026BarclaysReiterate
Rating: Target: $19
Rating: Equal WeightTarget: $16
Aug 10, 2026UBSReiterate
Rating: Target: $17
Rating: NeutralTarget: $15
May 21, 2026Goldman SachsTarget
Target: $25
Target: $17
Feb 9, 2026Wolfe ResearchTarget
Target: $14
Target: $19
Jan 16, 2026Morgan StanleyTarget
Target: $14.50
Target: $19

Next report
Oct 29, 26
in 37 days
EPS estimate
$0.36
Revenue estimate
$2.78B
Fiscal quarter
Q3 FY26

EPSReportedEstimate

Feb '25Apr '25Aug '25Oct '25Feb '26May '26Aug '26Oct '26
Reported$0.48$0.06$0.30$0.29−$0.10$0.15$0.35Pending
Estimate$0.45$0.02$0.22$0.28$0.53$0.13$0.35$0.36
Surprise+6.7%+186.7%+36.4%+3.6%−118.5%+15.4%+0.1%

RevenueReportedEstimate

Feb '25Apr '25Aug '25Oct '25Feb '26May '26Aug '26Oct '26
Reported$2.63B$1.54B$2.48B$2.61B$2.04B$2.54B$2.76BPending
Estimate$2.24B$1.55B$2.47B$2.82B$2.01B$2.29B$2.65B$2.78B
Surprise+17.5%−0.7%+0.6%−7.6%+1.4%+10.8%+4.3%
Estimate$0.36
ReportedDue Oct 29, 2026
Estimate$2.78B
ReportedDue Oct 29, 2026
View details

Debt to equity149.90%
Current ratio107.80%

ProfitabilityRevenueNet incomeNet margin

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Revenue$2.34B$2.63B$2.28B$2.48B$2.61B$2.91B$2.54B$2.76B
Net income$33.7M$112.9M$1.9M$57.3M$51.4M−$22.4M−$12.6M$52.7M
Net margin1.4%4.3%0.1%2.3%2.0%0.0%0.0%1.9%

GrowthOperating income

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Operating income$75.2M$174.5M$45.3M$122.1M$107.5M$176.9M$58.7M$134.2M
YoY growth+30.6%+58.6%+141.0%+73.4%+43.0%+1.4%+29.6%+9.9%

Balance sheet, Jun 30, 2026Cash & short-term investments $500.5M · Total debt $3.03B · Total assets $7.55B · Shareholders' equity $2.02B

Revenue
$2.76B
Operating income
$134.2M
Net income
$52.7M
View details

No dividends on record.

Institutions97.50%228.86M shares
317 holders · as of Jun 30, 2026
Insiders5.57%13.08M shares
15 holders · as of Sep 10, 2026
Strategic holders8.38%19.67M shares
1 holder · as of Aug 21, 2023
Adds to111.45%

234.71M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing

These groups come from separate filings that can overlap, so they add to 111.45%; nothing is left for Other.

Top shareholders13F · 13D/G · Form 4

HolderStakeSharesDate
BlackRock, Inc.Institution
14.39%33.78Mas of Jun 30, 2026
Vanguard Portfolio Management LLCInstitution
10.54%24.74Mas of Jun 30, 2026
PAGAC Drone Holding GP I LtdStrategic
8.38%19.67Mfiled Aug 21, 2023
Dimensional Fund Advisors LPInstitution
5.88%13.80Mas of Jun 30, 2026
Teachers Pension Plan Board OntarioInsider10 percent owner
4.75%11.15Mfiled Feb 14, 2022

Insider tradesForm 4

DateInsiderRoleSharesAvg price
Sep 8, 2026Nathaniel Robinsonofficer: See Remarks−12,500$13.39
Aug 13, 2026Laurida Sayedofficer: See Remarks−16,000$13.88
Jun 4, 2026Nathaniel Robinsonofficer: See Remarks−24,828$13.25
May 12, 2026Nathaniel Robinsonofficer: See Remarks−10,000$13.52
Mar 3, 2026Nathaniel Robinsonofficer: See Remarks−10,000$13.50
View details

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Compare

CompanyPriceChange
Cushman & Wakefield$12.83−0.58%$3.02B44.28.30.3+11.2%
CBRE Group$140.74−1.73%$41.47B32.817.51.0+15.1%
Jones Lang LaSalle$334.12−1.75%$15.65B16.312.80.6+10.8%
Newmark Group$13.89−0.56%$2.18B17.56.70.6+17.0%
Colliers International Group$92.09−0.34%$4.60B43.011.60.8+13.3%
Walker & Dunlop$38.21−0.44%$1.32B34.36.81.0+3.5%
Marcus & Millichap$30.77−0.31%$1.17B84.343.01.4+17.8%
Median33.612.20.9+14.2%