CWK Cushman & Wakefield margins

Relative Growth: Rel. Growth:

Relative Strength: Rel. Strength:

Relative Valuation: Rel. Valuation:

Relative Profitability: Rel. Profitability: 33

Gross margin

18.1%

Operating margin

4.4%

EBITDA margin

4.7%

Net margin

0.6%

Currently, Cushman & Wakefield has a gross margin of 18.1%, an operating margin of 4.4%, an EBITDA margin of 4.7%, and a net margin of 0.6%. Operating margin showed the largest improvement, increasing by 0.1 percentage points. EBITDA margin saw the largest decline, decreasing by 2.3 percentage points.

CWK margin history

Gross, operating, EBITDA and net margin trends

Cushman & Wakefield's margins averaged 18.07% gross, 3.63% operating, 5.83% EBITDA, and 0.95% net during the last 3 years. Against the three-year averages, gross and operating margins are above their three-year averages and EBITDA and net margins are below their three-year averages.

CWK margin expansion

Year-over-year margin changes in percentage points

The strongest improvement was in operating margin, which increased by 0.1 percentage points, whereas gross margin contracted by 0.5 percentage points, EBITDA margin by 2.3 percentage points, and net margin by 1.5 percentage points.

Gross margin expansion

-0.5pp

Operating margin expansion

0.1pp

EBITDA margin expansion

-2.3pp

Net margin expansion

-1.5pp

CWK Gross margin

Cushman & Wakefield's gross margin averaged 18.07% over the last 3 years. Against its three-year average, Cushman & Wakefield's gross margin is currently 18.1%, 0 percentage points above its three-year average. Over the last 3 years, Cushman & Wakefield's gross margin peaked at 18.6% in Jun 2025 and reached a low of 17.4% in Dec 2023.

CWK Operating margin

Cushman & Wakefield recorded an average operating margin of 3.63% across the last 3 years. Cushman & Wakefield currently reports an operating margin of 4.4%, 0.8 percentage points above its three-year average. Over the last 3 years, Cushman & Wakefield's operating margin peaked at 4.5% in Sep 2025 and reached a low of 2.2% in Dec 2023.

CWK EBITDA margin

Over the last 3 years, the average EBITDA margin for Cushman & Wakefield was 5.83%. The latest EBITDA margin for Cushman & Wakefield is 4.7%, 1.1 percentage points below its three-year average. Cushman & Wakefield's EBITDA margin ranged from a low of 4.7% in Jun 2026 to a high of 7% in Jun 2025.

CWK Net margin

Cushman & Wakefield recorded an average net margin of 0.95% across the last 3 years. The current net margin stands at 0.6%, 0.4 percentage points below its three-year average. Net margin was highest at 2.2% in Sep 2025 and lowest at -0.4% in Dec 2023.

CWK margin group comparison

Margins compared with peer-group, industry and sector averages

With a gross margin of 18.1%, CWK stands lower than the Real Estate sector and the industry average. Looking at the Real Estate sector average of 62.8%, Cushman & Wakefield's gross margin is 71% lower.

CWK margin peer comparison

Compare margins with selected peers

Frequently asked questions

What is Cushman & Wakefield's gross margin?

For the period ending Jun 30, 2026, CWK recorded a gross margin of 18.1%.

What is Cushman & Wakefield's operating margin?

As of Jun 30, 2026, CWK has an operating margin of 4.4%.

What is Cushman & Wakefield's EBITDA margin?

As of Jun 30, 2026, CWK has an EBITDA margin of 4.7%.

What is Cushman & Wakefield's net margin?

The current net margin for CWK is 0.6% as of Jun 30, 2026.

What are the average margins of CWK?

Over the last 3 years, Cushman & Wakefield's margins averaged 18.1% gross, 3.6% operating, 5.8% EBITDA, and 1.0% net.

What are the highest historical margins of CWK?

In the last 5 years, the highest margins reported by CWK were 21.2% gross in Mar 2022, 6.8% operating in Jun 2022, 9.3% EBITDA in Jun 2022, and 3.5% net in Jun 2022.

What are the lowest historical margins of CWK?

In the last 5 years, the lowest margins reported by CWK were 17.3% gross in Sep 2023, 2.2% operating in Sep 2023, 4.7% EBITDA in Jun 2026, and -0.8% net in Sep 2023.