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| Date | Value |
|---|---|
| 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 |