Filing Flows › Cushman & Wakefield (CWK) › Q3 2026
Cushman & Wakefield (CWK) Q3 2026 earnings results (third quarter 2026)
10-Q filed Nov 4, 2026
Cushman & Wakefield (CWK) reported revenue of $2.8B for the third quarter 2026 (Q3 2026), +8% from a year earlier and +2% from the quarter before. Operating margin was 4.6%, net earnings $52.1M (1.9% of revenue).
Cushman & Wakefield, Q3 2026: revenue $2.8B (+8% year over year), operating margin 4.6%, net earnings $52.1M, operating cash flow $214M. The chart follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $2.8B | +2% | +8% |
| Operating profit | $130M | -3% | +21% |
| Net earnings | $52.1M | -1% | +1% |
| Operating cash flow | $214M | +296% | -9% |
| Free cash flow | $176M | +287% | -22% |
What changed
Revenue was $2.8B in Q3 2026, up 8% year over year and up 2% from the previous quarter. Americas was the largest line at 73% of revenue. Americas added $0.13B year over year (up 7%), 65% of the total change.
Operating profit was $0.13B, a 4.6% margin (up 0.5 points year over year). Of the extra revenue versus Q3 2025, 11% reached operating profit, above the 4% margin then. Total costs grew 7% against revenue growth of 8%. Net earnings were $0.05B, up 1% year over year. The effective tax rate was 37.8%.
Operating cash flow was $0.21B (down 9% year over year), 411% 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 added $0.12B. Capital expenditures of $0.04B left free cash flow of $0.18B.
Questions
What was Cushman & Wakefield's revenue in the third quarter 2026?
Cushman & Wakefield (CWK) reported revenue of $2.8B for the third quarter 2026 (Q3 2026), +8% from a year earlier and +2% from the quarter before.
Was Cushman & Wakefield profitable in the third quarter 2026?
Operating profit was $130M (4.6% of revenue) and net earnings $52.1M.