Cushman & Wakefield (CWK) Operating Expenses (2017 - 2026)
Cushman & Wakefield (CWK) posted Operating Expenses of $2.6 billion for Q2 2026, up 6.11% on a QoQ basis from $2.5 billion in Q1 2026, and up 11.32% year-over-year from $2.4 billion in Q2 2025.
Analysis
Cushman & Wakefield (CWK) Operating Expenses (2017 - 2026) Analysis & Trends
Cushman & Wakefield has reported Operating Expenses for 10 years, with the latest figure at $2.6 billion in Q2 2026.
- On a quarterly basis, Operating Expenses rose 11.32% year-over-year to $2.6 billion in Q2 2026; TTM through Jun 2026 was $10.3 billion, a 10.9% increase from a year earlier, with the FY2025 full-year figure at $9.8 billion, up 7.99% from the prior year.
- Operating Expenses was $2.6 billion for Q2 2026 at Cushman & Wakefield, up from $2.5 billion in the prior quarter.
- The five-year high for Operating Expenses was $2.7 billion in Q4 2025, with the low at $2.2 billion in Q1 2024.
- Average Operating Expenses over 5 years is $2.4 billion, with a median of $2.4 billion recorded in 2022.
- The sharpest annual moves came in 2022 and 2023: Operating Expenses rose 14.7% in 2022, then retreated 7.27% in 2023.
- Over 5 years, Operating Expenses stood at $2.5 billion in 2022, then slipped by 3.69% to $2.4 billion in 2023, then advanced by 0.52% to $2.5 billion in 2024, then grew by 11.48% to $2.7 billion in 2025, then fell by 3.96% to $2.6 billion in 2026.
- The last three Operating Expenses figures came in at $2.6 billion (Q2 2026), $2.5 billion (Q1 2026), and $2.7 billion (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Cbre | 40.91 Bn | 39.42 Bn | 2.09 Bn | - |
| 2 | Jones Lang Lasalle | 16.03 Bn | 15.58 Bn | - | 6.64 Bn |
| 3 | Colliers International | 4.82 Bn | 4.55 Bn | 635.11 Mn | 485.10 Mn |
| 4 | Cushman & Wakefield | 3.10 Bn | 2.60 Bn | 512.00 Mn | 2.63 Bn |
| 5 | Marcus & Millichap | 1.18 Bn | 965.65 Mn | - | 200.70 Mn |
| 6 | Rmr | 324.23 Mn | 266.03 Mn | 151.79 Mn | 162.79 Mn |
| 7 | Comstock Holding Companies | 211.34 Mn | 186.00 Mn | 7.98 Mn | 15.94 Mn |
| 8 | Reitar Logtech Holdings | 5.32 Mn | 4.22 Mn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 2.63 Bn |
| Mar 31, 2026 | 2.48 Bn |
| Dec 31, 2025 | 2.74 Bn |
| Sep 30, 2025 | 2.50 Bn |
| Jun 30, 2025 | 2.36 Bn |
| Mar 31, 2025 | 2.24 Bn |
| Dec 31, 2024 | 2.46 Bn |
| Sep 30, 2024 | 2.27 Bn |
| Jun 30, 2024 | 2.22 Bn |
| Mar 31, 2024 | 2.17 Bn |
| Dec 31, 2023 | 2.44 Bn |
| Sep 30, 2023 | 2.23 Bn |
| Jun 30, 2023 | 2.35 Bn |
| Mar 31, 2023 | 2.27 Bn |
| Dec 31, 2022 | 2.54 Bn |
| Sep 30, 2022 | 2.40 Bn |
| Jun 30, 2022 | 2.44 Bn |
| Mar 31, 2022 | 2.20 Bn |
| Dec 31, 2021 | 2.63 Bn |
| Sep 30, 2021 | 2.20 Bn |