Cushman & Wakefield plc (CWK) Revenue History
Annual and quarterly revenue from 2016 to present
CWK Revenue Over Time (2016–2025)
CWK Revenue Growth History
6 of 9 years with positive growth- FY2016 revenue growth
- N/A
- FY2017 revenue growth
- +11.4%
- FY2018 revenue growth
- +18.7%
- FY2019 revenue growth
- +6.5%
- FY2020 revenue growth
- -10.4%
- FY2021 revenue growth
- +19.7%
- FY2022 revenue growth
- +7.6%
- FY2023 revenue growth
- -6.1%
- FY2024 revenue growth
- -0.5%
- FY2025 revenue growth
- +8.9%
| Quarter | Revenue | YoY |
|---|---|---|
| Q1 2026 | $2.54B | +11.0% |
| Q4 2025 | $2.91B | +10.8% |
| Q3 2025 | $2.61B | +11.2% |
| Q2 2025 | $2.48B | +8.6% |
| Q1 2025 | $2.28B | +4.6% |
| Q4 2024 | $2.63B | +3.0% |
| Q3 2024 | $2.34B | +2.5% |
| Q2 2024 | $2.29B | -4.9% |
Multi-year avg. share of annual revenue by fiscal quarter
Revenue Breakdown
CWK's revenue distribution by segment and geography
By Geography
CWK Revenue Analysis (2016–2025)
Current Revenue & Growth
As of June 21, 2026, Cushman & Wakefield plc (CWK) generated trailing twelve-month (TTM) revenue of $10.54 billion, reflecting strong growth of +11.0% year-over-year. The most recent quarter (Q1 2026) recorded $2.54 billion in revenue, down 13.0% sequentially.
Historical Growth Trajectory
CWK's 5-year compound annual growth rate (CAGR) stands at +5.6%, indicating steady revenue expansion. The 3-year CAGR of +0.6% is below the 5-year average, signalling a growth deceleration in recent years. Cushman & Wakefield plc's highest annual revenue of $10.29 billion was recorded in 2025, an all-time high.
Peer Comparison
Compared to Real Estate sector peers — including JLL (+11.2% YoY), CBRE (+14.8% YoY), and MMI (+9.8% YoY) — CWK has underperformed the peer group in revenue growth. Compare CWK vs JLL →
CWK Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| CWKCurrent | $10.5B | +11.0% | +5.6% | 4.5% | |
 JLL | $26.1B | +11.2% | +9.5% | 4.5% | |
 CBRE | $40.5B | +14.8% | +11.2% | 3.2% | |
 MMI | $755M | +9.8% | +1.0% | -1.6% | |
 NEN | $89M | +13.9% | +7.5% | 24.4% | |
 NMRK | $3.3B | +20.3% | +11.9% | 7.0% |
CWK Historical Revenue Data (2016–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $10.29B | +8.9% | $1.67B | 16.2% | $458.6M | 4.5% |
| 2024 | $9.45B | -0.5% | $1.73B | 18.3% | $338.9M | 3.6% |
| 2023 | $9.49B | -6.1% | $1.65B | 17.4% | $205.6M | 2.2% |
| 2022 | $10.11B | +7.6% | $1.95B | 19.3% | $535.1M | 5.3% |
| 2021 | $9.39B | +19.7% | $1.94B | 20.7% | $497.0M | 5.3% |
| 2020 | $7.84B | -10.4% | $1.39B | 17.7% | $-53,100,000 | -0.7% |
| 2019 | $8.75B | +6.5% | $1.77B | 20.2% | $187.3M | 2.1% |
| 2018 | $8.22B | +18.7% | $1.58B | 19.2% | $12.6M | 0.2% |
| 2017 | $6.92B | +11.4% | $1.28B | 18.5% | $-170,200,000 | -2.5% |
| 2016 | $6.22B | - | $1.15B | 18.5% | $-295,400,000 | -4.8% |
Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
Historical Returns
10+ years return with dividends reinvested.
DCA Calculator
See how regular investing compounds over time.
Peer Comparison
Compare growth, multiples, and margins vs sector.
CWK — Frequently Asked Questions
Quick answers to the most common questions about buying CWK stock.
Is CWK's revenue growth accelerating or slowing?
CWK revenue growth is holding steady at +11.0% year-over-year. TTM revenue is $10.5B. The current growth rate closely tracks the 5-year CAGR of +5.6%, signalling consistent execution.
What is CWK's revenue history from 2016 to 2026?
Cushman & Wakefield plc (CWK) revenue history spans 2016 to 2026. TTM revenue as of 2026 is $10.5B, growing at +11.0% YoY. The 5-year CAGR is +5.6%. Complete annual and quarterly revenue figures are available on this page, including gross profit, operating income, and margin trends.
What is CWK's long-term revenue growth rate (CAGR)?
Cushman & Wakefield plc's 5-year revenue CAGR of +5.6% reflects the sustained nature of its business expansion. As of 2026, the current YoY growth rate of +11.0% is in line with this long-term average. CAGR is the most reliable measure of sustained revenue momentum for CWK.
Why does CWK's quarterly revenue fluctuate?
CWK quarterly revenue can fluctuate significantly between periods. A quarter-over-quarter (QoQ) change does not always indicate a trend; comparing the same quarter year-over-year (YoY) is a more reliable signal for underlying growth. Cushman & Wakefield plc's revenue data from 2016 to 2026 shows full historical quarterly detail on this page.
How is CWK's revenue distributed by segment?
CWK reports revenue broken down by product line and geographic region. The segment breakdown on this page shows which business units contribute the most to total revenue as of the latest fiscal year. Concentration in a single segment above 50% indicates category dependence, while a diversified mix signals more resilient revenue streams.
How does CWK's revenue compare to industry peers?
Cushman & Wakefield plc (CWK) with TTM revenue of $10.5B and +11.0% YoY growth can be benchmarked against sector peers using the comparison table on this page. Revenue growth relative to peers indicates market share gains or losses. The peer section shows TTM revenue, YoY growth, and operating margin for direct comparisons.