← Cushman & Wakefield Ltd.
| Annual Trend | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | $895.3m | $813.2m | $1.1b | $770.7m | $644.5m | $767.7m | $793.3m | $784.2m | |
| Trade and other receivables, net of allowance of $93.2 and $88.7 as of December 31, 2025 and 2024, respectively | $1.5b | $1.5b | $1.3b | $1.4b | $1.5b | $1.5b | $1.4b | $1.5b | |
| Income tax receivable | $41.1m | $39.0m | $43.5m | $30.0m | $55.4m | $67.1m | $62.1m | $52.3m | |
| Prepaid expenses and other current assets | $343.4m | $484.4m | $223.2m | $264.7m | $246.3m | $189.4m | $181.2m | $189.7m | |
| Total current assets | $2.7b | $2.9b | $2.9b | $2.8b | $2.8b | $2.8b | $2.7b | $2.8b | |
| Property and equipment, net | $313.8m | $299.4m | $235.9m | $194.6m | $172.6m | $163.8m | $136.0m | $132.9m | |
| Goodwill | $1.8b | $2.0b | $2.1b | $2.1b | $2.1b | $2.1b | $2.0b | $2.1b | |
| Intangible assets, net | $1.1b | $1.1b | $991.2m | $922.2m | $874.5m | $805.9m | $690.1m | $654.7m | |
| Short-term contract assets, net | — | $313.4m | $247.6m | $318.9m | $358.2m | $311.0m | $301.4m | $301.4m | |
| Equity method investments | $8.7m | $7.9m | $114.9m | $641.3m | $677.3m | $708.0m | $723.6m | $536.9m | |
| Deferred tax assets | $84.0m | $86.6m | $61.4m | $65.5m | $58.6m | $67.4m | $93.1m | $149.0m | |
| Non-current operating lease assets | — | $490.7m | $438.2m | $413.5m | $358.0m | $339.0m | $290.1m | $277.2m | |
| Other non-current assets | $489.5m | $386.3m | $507.6m | $741.1m | $976.0m | $805.8m | $927.6m | $1.0b | |
| Income tax payable | $43.2m | $59.6m | $45.1m | $105.1m | $33.1m | $20.8m | $19.8m | $29.0m | |
| Other current liabilities | $90.0m | $189.6m | $205.8m | $204.5m | $192.0m | $217.6m | $196.0m | $191.4m | |
| Non-current operating lease liabilities | — | $457.1m | $405.6m | $394.6m | $334.6m | $319.6m | $270.3m | $246.6m | |
| Other non-current liabilities | $366.6m | $352.1m | $433.3m | $343.5m | $293.3m | $268.6m | $241.4m | $243.7m | |
| Common shares, par value $0.10 per share, 800,000,000 shares authorized; 231,699,585 and 229,696,912 shares issued and outstanding as of December 31, 2025 and 2024, respectively | 21.7m | 22.0m | 22.2m | 22.4m | 22.6m | 22.7m | 23.0m | 23.2m | |
| Non-controlling interests | — | $0 | $900k | $800k | $800k | $600k | $500k | $500k | |
| Total equity attributable to the Company | $1.4b | $1.3b | $1.1b | $1.4b | $1.7b | $1.7b | $1.8b | $2.0b | |
| Total equity | — | $1.3b | $1.1b | $1.4b | $1.7b | $1.7b | $1.8b | $2.0b | |
| Total assets | $6.5b | $7.2b | $7.3b | $7.9b | $7.9b | $7.8b | $7.5b | $7.7b | |
| Short-term borrowings and current portion of long-term debt | $39.9m | $39.3m | $39.7m | $42.4m | $49.8m | $149.7m | $103.2m | $124.9m | |
| Accounts payable and accrued expenses | $1.0b | $1.1b | $1.1b | $1.1b | $1.2b | $1.2b | $1.1b | $1.2b | |
| Accrued compensation | $817.9m | $888.8m | $720.5m | $976.3m | $916.5m | $851.4m | $900.4m | $1.0b | |
| Total current liabilities | $2.0b | $2.3b | $2.1b | $2.4b | $2.4b | $2.4b | $2.3b | $2.6b | |
| Long-term debt, net | $2.6b | $2.6b | $3.2b | $3.2b | $3.2b | $3.1b | $2.9b | $2.6b | |
| Deferred tax liabilities | $136.4m | $110.0m | $102.2m | $48.7m | $57.2m | $13.7m | $12.6m | $13.8m | |
| Total liabilities | $5.2b | $5.9b | $6.2b | $6.4b | $6.3b | $6.1b | $5.8b | $5.7b | |
| Additional paid-in capital | $2.8b | $2.8b | $2.8b | $2.9b | $2.9b | $3.0b | $3.0b | $3.0b | |
| Accumulated deficit | ($1.3b) | ($1.3b) | ($1.5b) | ($1.3b) | ($1.1b) | ($1.1b) | ($985.9m) | ($897.7m) | |
| Accumulated other comprehensive loss | ($154.4m) | ($242.8m) | ($242.7m) | ($193.0m) | ($191.0m) | ($185.4m) | ($268.6m) | ($208.6m) | |
| Total liabilities and shareholders’ equity | $6.5b | $7.2b | $7.3b | $7.9b | $7.9b | $7.8b | $7.5b | $7.7b |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.