Cushman & Wakefield plc

CWK

Financial Statements

Income Statement (Annual)

Amounts in millions

2024

12/31/2024

Revenue

9,447

Cost of Revenue

7,720

Gross Profit

1,726

Gross Margin

18.3%

Operating Income

339

Operating Margin

3.6%

Net Income

131

Net Margin

1.4%

EPS (Basic)

$0.57

EPS (Diluted)

$0.56

EBITDA

511

EBITDA Margin

5.4%

2023

12/31/2023

Revenue

9,494

Cost of Revenue

7,842

Gross Profit

1,652

Gross Margin

17.4%

Operating Income

206

Operating Margin

2.2%

Net Income

-35

Net Margin

-0.4%

EPS (Basic)

$-0.16

EPS (Diluted)

$-0.16

EBITDA

495

EBITDA Margin

5.2%

2022

12/31/2022

Revenue

10,106

Cost of Revenue

8,154

Gross Profit

1,952

Gross Margin

19.3%

Operating Income

535

Operating Margin

5.3%

Net Income

196

Net Margin

1.9%

EPS (Basic)

$0.87

EPS (Diluted)

$0.86

EBITDA

780

EBITDA Margin

7.7%

2021

12/31/2021

Revenue

9,389

Cost of Revenue

7,448

Gross Profit

1,940

Gross Margin

20.7%

Operating Income

497

Operating Margin

5.3%

Net Income

250

Net Margin

2.7%

EPS (Basic)

$1.12

EPS (Diluted)

$1.10

EBITDA

796

EBITDA Margin

8.5%

2020

12/31/2020

Revenue

7,844

Cost of Revenue

6,455

Gross Profit

1,388

Gross Margin

17.7%

Operating Income

-53

Operating Margin

-0.7%

Net Income

-221

Net Margin

-2.8%

EPS (Basic)

$-1.00

EPS (Diluted)

$-1.00

EBITDA

386

EBITDA Margin

4.9%

Income Statement (Annual)

Financial performance (amounts in millions)

Item	2024	2023	2022	2021	2020
Revenue	9,447	9,494	10,106	9,389	7,844
Cost of Revenue	7,720	7,842	8,154	7,448	6,455
Gross Profit	1,726	1,652	1,952	1,940	1,388
Gross Margin	18.3%	17.4%	19.3%	20.7%	17.7%
Operating Income	339	206	535	497	-53
Operating Margin	3.6%	2.2%	5.3%	5.3%	-0.7%
Net Income	131	-35	196	250	-221
Net Margin	1.4%	-0.4%	1.9%	2.7%	-2.8%
EPS (Basic)	$0.57	$-0.16	$0.87	$1.12	$-1.00
EPS (Diluted)	$0.56	$-0.16	$0.86	$1.10	$-1.00
EBITDA	511	495	780	796	386
EBITDA Margin	5.4%	5.2%	7.7%	8.5%	4.9%