Jun 2026 (Q2 FY26) — Aug 5, 2026
Cushman & Wakefield Q2 FY26 — Record Revenue and EPS Growth Driven by Organic Strength
Read the full callCushman & Wakefield earnings: last reported Wed, 5 Aug 2026, for the quarter ended Jun 2026.
Reported
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 2,763 | +11.2% YoY | Quarterly, as filed | Quarter to Jun 2026 | Revenue from operations as filed. |
| Operating margin | 4.9 | −0.1 pts YoY | Operating profit / revenue | Quarter to Jun 2026 | For the quarter; a change is in percentage points. |
| Net profit | 52.7 | −8.0% YoY | Quarterly, as filed | Quarter to Jun 2026 | Profit after tax as filed. |
Price
1Y: $15.91 on 15 Oct 2025 → $11.3. High $17.2 (16 Jan 2026), low $11.04 (14 Oct 2026).
Overview
Call summaries
Cushman & Wakefield Q2 FY26 — Record Revenue and EPS Growth Driven by Organic Strength
Read the full callEvery analysed call
Financials
Net profit, year on year: −8% (quarter to jun 2026 against jun 2025).
| Line item | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 2,344 | 2,630 | 2,285 | 2,484 | 2,606 | 2,914 | 2,536 | 2,763 |
| Expenses | 2,269 | 2,455 | 2,239 | 2,361 | 2,498 | 2,737 | 2,477 | 2,628 |
| Operating profit | 75 | 175 | 45 | 123 | 108 | 177 | 59 | 134 |
| Operating margin | 3.2% | 6.6% | 2.0% | 4.9% | 4.1% | 6.1% | 2.3% | 4.9% |
| Other income | 0 | 0 | 0 | -11 | -24 | -3 | -13 | -11 |
| Interest | 55 | 56 | 52 | 53 | 56 | 55 | 49 | 60 |
| Profit before tax | 53 | 132 | 5 | 76 | 45 | -12 | — | — |
| Tax rate | 36.4% | 14.5% | 62.0% | 24.8% | −14.0% | −85.1% | — | — |
| Net profit | 34 | 113 | 2 | 57 | 51 | -22 | -13 | 53 |
| EPS ($ per share) | 0.15 | — | 0.01 | 0.25 | 0.22 | — | -0.05 | 0.22 |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Equity capital | 22 | 22 | 22 | 22 | 23 | 23 | 23 | 23 |
| Reserves | -1,298 | -1,297 | -1,528 | -1,278 | -1,082 | -1,117 | -986 | -898 |
| Total liabilities | 5,186 | 5,862 | 6,242 | 6,442 | 6,287 | 6,096 | 5,794 | 5,721 |
| Fixed assets | 314 | 299 | 236 | 195 | 173 | 164 | 136 | 133 |
| Total assets | 6,546 | 7,163 | 7,338 | 7,890 | 7,949 | 7,774 | 7,549 | 7,677 |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | -2 | 269 | -38 | 550 | 49 | 152 | 208 | 340 |
| Cash from investing | -218 | -275 | -258 | -749 | -121 | 49 | 81 | -21 |
| Cash from financing | 726 | -90 | 572 | -66 | -79 | -121 | -253 | -350 |
| Net cash flow | 506 | -95 | 276 | -266 | -151 | — | — | — |
| Capital expenditure | -84 | -80 | -41 | -54 | -51 | -51 | -41 | -47 |
| Free cash flow | -86 | 189 | -79 | 496 | -2 | 101 | 167 | 293 |
62 filings between Feb 22, 2026 and Oct 1, 2026.
Purchases
None
No insider bought shares.
Sales
$988.6K
5 sales by 2 insiders
Also filed: 2 gifts.
| Insider | Bought | Sold | Last filing |
|---|---|---|---|
| Robinson Nathaniel | — | $766.5K | Sep 8, 2026 |
| Sayed Laurida | — | $222.1K | Aug 13, 2026 |
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| Oct 1, 2026 | PLAVIN STEPHEN D Director | Option exercise | 10,874 | $131.1K |
| Sep 8, 2026 | Robinson Nathaniel See Remarks | Sale | 12,500 | $167.4K |
| Aug 13, 2026 | Sayed Laurida See Remarks | Sale | 16,000 | $222.1K |
| Aug 1, 2026 | Wennes Timothy H Director | Option exercise | 11,873 | $159.3K |
| Aug 1, 2026 | Daimler Susan Director | Option exercise | 11,873 | $159.3K |
| Jul 1, 2026 | MACKAY MICHELLE Chief Executive Officer | Option exercise | 133,283 | $0 |
| Jul 1, 2026 | MACKAY MICHELLE Chief Executive Officer | Tax withheld | 13,803 | $191.0K |
| Jul 1, 2026 | Perkins Noelle J See Remarks | Option exercise | 163,203 | $0 |
| Jul 1, 2026 | MCDONALD ANDREW R. See Remarks | Tax withheld | 29,063 | $402.2K |
| Jul 1, 2026 | MACKAY MICHELLE Chief Executive Officer | Option exercise | 24,960 | $0 |
| Jul 1, 2026 | MCDONALD ANDREW R. See Remarks | Option exercise | 57,120 | $0 |
| Jul 1, 2026 | MCDONALD ANDREW R. See Remarks | Tax withheld | 5,443 | $75.3K |
| Jul 1, 2026 | Perkins Noelle J See Remarks | Tax withheld | 72,299 | $1.00M |
| Jul 1, 2026 | MACKAY MICHELLE Chief Executive Officer | Tax withheld | 73,706 | $1.02M |
| Jul 1, 2026 | MCDONALD ANDREW R. See Remarks | Option exercise | 10,697 | $0 |
| Jul 1, 2026 | Perkins Noelle J See Remarks | Tax withheld | 13,540 | $187.4K |
| Jul 1, 2026 | Perkins Noelle J See Remarks | Option exercise | 30,563 | $0 |
| Jun 4, 2026 | Robinson Nathaniel See Remarks | Sale | 24,828 | $329.0K |
| Jun 1, 2026 | FELMAN MICHELLE Director | Gift | 17,013 | $0 |
| Jun 1, 2026 | FELMAN MICHELLE Director | Gift | 17,013 | $0 |
| May 15, 2026 | Sun Angela Director | Option exercise | 17,013 | — |
| May 15, 2026 | McLean Jodie W. Director | Option exercise | 17,013 | — |
| May 15, 2026 | McPeek Jennifer J Director | Option exercise | 17,013 | — |
| May 15, 2026 | Vennam Rajesh Director | Option exercise | 17,013 | — |
| May 15, 2026 | FELMAN MICHELLE Director | Option exercise | 17,013 | — |
| May 15, 2026 | Williamson Billie Ida Director | Option exercise | 17,013 | — |
| May 12, 2026 | Robinson Nathaniel See Remarks | Sale | 10,000 | $135.2K |
| Mar 3, 2026 | Robinson Nathaniel See Remarks | Sale | 10,000 | $135.0K |
| Feb 27, 2026 | MACKAY MICHELLE Chief Executive Officer | Option exercise | 101,540 | $0 |
| Feb 27, 2026 | JOHNSTON NEIL O See Remarks | Option exercise | 30,812 | $0 |
| Feb 27, 2026 | Sayed Laurida See Remarks | Tax withheld | 1,655 | $22.2K |
| Feb 27, 2026 | Sayed Laurida See Remarks | Option exercise | 5,602 | $0 |
| Feb 27, 2026 | JOHNSTON NEIL O See Remarks | Tax withheld | 13,724 | $184.0K |
| Feb 27, 2026 | Robinson Nathaniel See Remarks | Tax withheld | 3,957 | $53.1K |
| Feb 27, 2026 | Perkins Noelle J See Remarks | Option exercise | 15,406 | $0 |
| Feb 27, 2026 | MCDONALD ANDREW R. See Remarks | Option exercise | 53,921 | $0 |
| Feb 27, 2026 | Robinson Nathaniel See Remarks | Option exercise | 14,005 | $0 |
| Feb 27, 2026 | Perkins Noelle J See Remarks | Tax withheld | 4,514 | $60.5K |
| Feb 27, 2026 | MCDONALD ANDREW R. See Remarks | Tax withheld | 27,436 | $367.9K |
| Feb 27, 2026 | MACKAY MICHELLE Chief Executive Officer | Tax withheld | 56,152 | $753.0K |
| Feb 25, 2026 | MACKAY MICHELLE Chief Executive Officer | Tax withheld | 112,191 | $1.54M |
| Feb 25, 2026 | JOHNSTON NEIL O See Remarks | Option exercise | 146,337 | $0 |
| Feb 25, 2026 | MCDONALD ANDREW R. See Remarks | Option exercise | 186,249 | $0 |
| Feb 25, 2026 | MACKAY MICHELLE Chief Executive Officer | Option exercise | 202,877 | $0 |
| Feb 25, 2026 | MCDONALD ANDREW R. See Remarks | Tax withheld | 94,764 | $1.30M |
| Feb 25, 2026 | JOHNSTON NEIL O See Remarks | Tax withheld | 58,141 | $800.0K |
| Feb 25, 2026 | Robinson Nathaniel See Remarks | Tax withheld | 12,958 | $178.3K |
| Feb 25, 2026 | Robinson Nathaniel See Remarks | Option exercise | 53,213 | $0 |
| Feb 23, 2026 | Sayed Laurida See Remarks | Option exercise | 2,492 | $0 |
| Feb 23, 2026 | Sayed Laurida See Remarks | Tax withheld | 863 | $11.2K |
Source: SEC Form 4 filings. Form 4 reports transactions, not the cap table — absence of filings says nothing about how much an insider owns, and a quiet window is not a signal.
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