Cushman & Wakefield (CWK) Operating Expenses (2017 - 2026)

Cushman & Wakefield's (CWK) quarterly Operating Expenses came in at $2.5 billion in Q1 2026, up 10.62% year-on-year from $2.2 billion in Q1 2025, and down 9.49% quarter-over-quarter from $2.7 billion in Q4 2025.

Cushman & Wakefield (CWK) Operating Expenses (2017 - 2026) Analysis & Trends

Cushman & Wakefield's Operating Expenses history runs 10 years deep, the most recent figure standing at $2.5 billion for Q1 2026.

  • On a quarterly basis, Operating Expenses rose 10.62% year-over-year to $2.5 billion in Q1 2026; TTM through Mar 2026 was $10.1 billion, a 9.72% increase from a year earlier, with the FY2025 full-year figure at $9.8 billion, up 7.99% from the prior year.
  • Operating Expenses eased to $2.5 billion in Q1 2026 per CWK's latest filing, from $2.7 billion in the prior quarter.
  • Across five years, Operating Expenses topped out at $2.7 billion in Q4 2025 and bottomed at $2.2 billion in Q1 2024.
  • The 5-year median for Operating Expenses is $2.4 billion (2025), against an average of $2.4 billion.
  • Across the five-year window, Operating Expenses gained 14.7% in 2022 and decreased 7.27% in 2023, its largest moves.
  • Year by year, Operating Expenses stood at $2.5 billion in 2022, then decreased by 3.69% to $2.4 billion in 2023, then gained by 0.52% to $2.5 billion in 2024, then climbed by 11.48% to $2.7 billion in 2025, then declined by 9.49% to $2.5 billion in 2026.
  • Per Business Quant, the three latest CWK Operating Expenses figures stand at $2.5 billion (Q1 2026), $2.7 billion (Q4 2025), and $2.5 billion (Q3 2025).

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Colliers International 4,798.15 Bn 4,797.86 Bn - 440.70 Mn
2 IHS Holding 60.96 Bn 61.13 Bn 231.80 -120.70
3 KE Holdings 53.48 Bn 50.59 Bn 661.06 Mn -476.55 Mn
4 Cbre 39.71 Bn 39.92 Bn 1.85 Bn -
5 Jones Lang Lasalle 14.96 Bn 14.65 Bn - 6.18 Bn
6 Costar 11.08 Bn 9.80 Bn 701.00 Mn 698.00 Mn
7 Compass 7.92 Bn 7.44 Bn 2.31 Bn 3.06 Bn
8 FirstService 6.01 Bn 6.28 Bn 480.66 Mn 359.42 Mn
9 Opendoor Technologies 3.69 Bn 2.69 Bn 72.00 Mn 231.00 Mn
10 Cushman & Wakefield 2.90 Bn 2.30 Bn 420.70 Mn 2.48 Bn

Historic Data

Download Data
DateValue
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
Jun 30, 2021 2.12 Bn