Filing Flows › Cushman & Wakefield (CWK) › Q2 2026
Cushman & Wakefield (CWK) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 5, 2026
Cushman & Wakefield (CWK) reported revenue of $2.8B for the second quarter 2026 (Q2 2026), +11% from a year earlier and +9% from the quarter before. Operating margin was 4.9%, net earnings $52.7M (1.9% of revenue).
Cushman & Wakefield, Q2 2026: revenue $2.8B (+11% year over year), operating margin 4.9%, net earnings $52.7M, operating cash flow $54.0M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $2.8B | +9% | +11% |
| Operating profit | $134M | +129% | +9% |
| Net earnings | $52.7M | — | -8% |
| Operating cash flow | $54.0M | — | +462% |
| Free cash flow | $45.5M | — | 152× |
What changed
Revenue was $2.8B in Q2 2026, up 11% year over year and up 9% from the previous quarter. Americas was the largest line at 72% of revenue. Americas added $0.19B year over year (up 11%), 70% of the total change.
Operating profit was $0.13B, a 4.9% margin (down 0.1 points year over year). Of the extra revenue versus Q2 2025, 4% reached operating profit, below the 5% margin then. Total costs grew 11% against revenue growth of 11%. The fastest-growing cost line was Cost of revenue (+12%). Net earnings were $0.05B, down 8% year over year. The effective tax rate was 31.8%.
Operating cash flow was $0.05B (up 462% year over year), 102% of net earnings. Non-cash charges added back $0.03B of depreciation and amortization and $0.01B of share-based compensation. Working capital and other items used $0.04B. Capital expenditures of $0.01B left free cash flow of $0.05B.
Questions
What was Cushman & Wakefield's revenue in the second quarter 2026?
Cushman & Wakefield (CWK) reported revenue of $2.8B for the second quarter 2026 (Q2 2026), +11% from a year earlier and +9% from the quarter before.
Was Cushman & Wakefield profitable in the second quarter 2026?
Operating profit was $134M (4.9% of revenue) and net earnings $52.7M.