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Jun 30, 2022

Cushman & Wakefield Q2 2022 Earnings Report

Cushman & Wakefield reported strong revenue growth across all segments, driven by Leasing and Capital Markets service lines.

Key Takeaways

Cushman & Wakefield reported a revenue of $2.6 billion for Q2 2022, a 16% increase compared to Q2 2021. Net income was $97.2 million, up 84% from the prior year, and adjusted EBITDA increased by 20% to $262.8 million. The growth was primarily driven by strong performance in Leasing and Capital Markets.

Revenue increased by 16% to $2.6 billion compared to the second quarter of 2021.

Leasing and Capital Markets grew 22% and 30%, respectively.

Net income increased 84% to $97.2 million compared to the second quarter of 2021.

Adjusted EBITDA increased 20% to $262.8 million with Adjusted EBITDA margin of 13.7%.

Total Revenue
$2.61B
Previous year: $2.25B
+16.2%
EPS
$0.63
Previous year: $0.5
+26.0%
Adjusted EBITDA
$263M
Previous year: $220M
+19.5%
Adjusted EBITDA margin
13.7%
Previous year: 13.5%
+1.5%
Gross Profit
$535M
Previous year: $466M
+14.9%
Cash and Equivalents
$477M
Previous year: $1.1B
-56.7%
Free Cash Flow
-$99.7M
Previous year: $95.3M
-204.6%
Total Assets
$7.73B
Previous year: $7.26B
+6.6%

Cushman & Wakefield

Cushman & Wakefield

Cushman & Wakefield Revenue by Segment

Forward Guidance

No specific forward guidance was provided in the press release.

Revenue & Expenses

Visualization of income flow from segment revenue to net income