Cushman & Wakefield PLC
SWB:2IY
Income Statement
Earnings Waterfall
Cushman & Wakefield PLC
Income Statement
Cushman & Wakefield PLC
| Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | Mar-2024 | Jun-2024 | Sep-2024 | Dec-2024 | Mar-2025 | Jun-2025 | Sep-2025 | Dec-2025 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | |||||||||||||||||||||||||||||||
| Revenue |
5 818
N/A
|
8 220
+41%
|
8 355
+2%
|
8 503
+2%
|
8 545
+1%
|
8 751
+2%
|
8 743
0%
|
8 365
-4%
|
8 178
-2%
|
7 844
-4%
|
7 872
+0%
|
8 377
+6%
|
8 778
+5%
|
9 389
+7%
|
9 796
+4%
|
10 160
+4%
|
10 342
+2%
|
10 106
-2%
|
10 024
-1%
|
9 817
-2%
|
9 588
-2%
|
9 494
-1%
|
9 429
-1%
|
9 311
-1%
|
9 369
+1%
|
9 447
+1%
|
9 546
+1%
|
9 742
+2%
|
10 004
+3%
|
10 288
+3%
|
|
| Gross Profit | |||||||||||||||||||||||||||||||
| Cost of Revenue |
(4 727)
|
(6 642)
|
(6 736)
|
(6 857)
|
(6 861)
|
(6 982)
|
(7 016)
|
(6 783)
|
(6 690)
|
(6 455)
|
(6 446)
|
(6 775)
|
(7 025)
|
(7 448)
|
(7 719)
|
(8 015)
|
(8 217)
|
(8 154)
|
(8 201)
|
(8 101)
|
(7 930)
|
(7 842)
|
(7 767)
|
(7 663)
|
(7 693)
|
(7 720)
|
(7 788)
|
(7 930)
|
(8 170)
|
(8 408)
|
|
| Gross Profit |
1 091
N/A
|
1 578
+45%
|
1 620
+3%
|
1 646
+2%
|
1 684
+2%
|
1 769
+5%
|
1 728
-2%
|
1 583
-8%
|
1 488
-6%
|
1 388
-7%
|
1 426
+3%
|
1 602
+12%
|
1 753
+9%
|
1 940
+11%
|
2 077
+7%
|
2 146
+3%
|
2 125
-1%
|
1 952
-8%
|
1 823
-7%
|
1 716
-6%
|
1 658
-3%
|
1 652
0%
|
1 663
+1%
|
1 648
-1%
|
1 677
+2%
|
1 726
+3%
|
1 758
+2%
|
1 812
+3%
|
1 834
+1%
|
1 880
+3%
|
|
| Operating Income | |||||||||||||||||||||||||||||||
| Operating Expenses |
(1 119)
|
(1 555)
|
(1 548)
|
(1 545)
|
(1 566)
|
(1 570)
|
(1 566)
|
(1 531)
|
(1 460)
|
(1 385)
|
(1 352)
|
(1 332)
|
(1 358)
|
(1 399)
|
(1 409)
|
(1 439)
|
(1 444)
|
(1 408)
|
(1 427)
|
(1 434)
|
(1 422)
|
(1 408)
|
(1 384)
|
(1 345)
|
(1 351)
|
(1 346)
|
(1 350)
|
(1 369)
|
(1 373)
|
(1 421)
|
|
| Selling, General & Administrative |
0
|
(53)
|
0
|
0
|
0
|
(50)
|
0
|
0
|
0
|
(35)
|
0
|
0
|
0
|
(46)
|
0
|
0
|
0
|
(42)
|
0
|
0
|
0
|
(40)
|
0
|
0
|
0
|
(39)
|
0
|
0
|
0
|
(39)
|
|
| Depreciation & Amortization |
(213)
|
(290)
|
(294)
|
(296)
|
(300)
|
(297)
|
(295)
|
(296)
|
(285)
|
(264)
|
(235)
|
(203)
|
(180)
|
(172)
|
(170)
|
(167)
|
(158)
|
(147)
|
(143)
|
(139)
|
(142)
|
(146)
|
(141)
|
(137)
|
(129)
|
(122)
|
(116)
|
(111)
|
(108)
|
(104)
|
|
| Other Operating Expenses |
(906)
|
(1 212)
|
(1 255)
|
(1 248)
|
(1 266)
|
(1 224)
|
(1 271)
|
(1 236)
|
(1 175)
|
(1 085)
|
(1 118)
|
(1 130)
|
(1 178)
|
(1 181)
|
(1 239)
|
(1 273)
|
(1 286)
|
(1 220)
|
(1 284)
|
(1 295)
|
(1 281)
|
(1 223)
|
(1 243)
|
(1 208)
|
(1 222)
|
(1 186)
|
(1 234)
|
(1 258)
|
(1 264)
|
(1 279)
|
|
| Operating Income |
(28)
N/A
|
23
N/A
|
71
+210%
|
102
+43%
|
119
+17%
|
199
+68%
|
162
-19%
|
52
-68%
|
28
-46%
|
4
-86%
|
74
+1 745%
|
270
+266%
|
395
+46%
|
542
+37%
|
668
+23%
|
706
+6%
|
682
-4%
|
544
-20%
|
396
-27%
|
282
-29%
|
236
-16%
|
244
+3%
|
279
+14%
|
303
+9%
|
326
+7%
|
380
+17%
|
408
+7%
|
443
+9%
|
461
+4%
|
459
-1%
|
|
| Pre-Tax Income | |||||||||||||||||||||||||||||||
| Interest Income Expense |
(188)
|
(233)
|
(219)
|
(205)
|
(150)
|
(148)
|
(147)
|
(146)
|
(152)
|
(156)
|
(160)
|
(162)
|
(162)
|
(158)
|
(145)
|
(135)
|
(123)
|
(108)
|
(147)
|
(163)
|
(206)
|
(223)
|
(206)
|
(218)
|
(187)
|
(192)
|
(184)
|
(180)
|
(203)
|
(384)
|
|
| Non-Reccuring Items |
(3)
|
(4)
|
3
|
(4)
|
(5)
|
(12)
|
(34)
|
(40)
|
(53)
|
(57)
|
(49)
|
(58)
|
(52)
|
(45)
|
(28)
|
(15)
|
(8)
|
(9)
|
(15)
|
(21)
|
(29)
|
(38)
|
(36)
|
(46)
|
(51)
|
(41)
|
(43)
|
(25)
|
(11)
|
(6)
|
|
| Total Other Income |
3
|
4
|
3
|
3
|
4
|
4
|
42
|
31
|
31
|
32
|
(5)
|
14
|
17
|
1
|
(34)
|
(69)
|
(104)
|
(89)
|
(62)
|
(42)
|
(12)
|
(13)
|
(4)
|
5
|
27
|
29
|
26
|
29
|
11
|
46
|
|
| Pre-Tax Income |
(216)
N/A
|
(211)
+2%
|
(142)
+33%
|
(105)
+27%
|
(32)
+70%
|
43
N/A
|
23
-47%
|
(103)
N/A
|
(146)
-41%
|
(177)
-21%
|
(140)
+21%
|
64
N/A
|
198
+208%
|
340
+72%
|
461
+36%
|
488
+6%
|
447
-8%
|
338
-24%
|
173
-49%
|
56
-68%
|
(11)
N/A
|
(30)
-165%
|
33
N/A
|
44
+33%
|
114
+162%
|
176
+54%
|
207
+18%
|
266
+28%
|
258
-3%
|
114
-56%
|
|
| Net Income | |||||||||||||||||||||||||||||||
| Tax Provision |
48
|
(4)
|
58
|
39
|
19
|
(43)
|
(57)
|
(38)
|
(44)
|
(44)
|
(42)
|
(93)
|
(121)
|
(90)
|
(149)
|
(131)
|
(134)
|
(142)
|
(98)
|
(74)
|
(64)
|
(5)
|
(21)
|
(23)
|
(26)
|
(45)
|
(45)
|
(61)
|
(35)
|
(26)
|
|
| Income from Continuing Operations |
(168)
|
(215)
|
(84)
|
(66)
|
(13)
|
0
|
(34)
|
(141)
|
(190)
|
(221)
|
(183)
|
(29)
|
77
|
250
|
313
|
357
|
312
|
196
|
75
|
(18)
|
(75)
|
(35)
|
12
|
21
|
88
|
131
|
162
|
206
|
224
|
88
|
|
| Income to Minority Interest |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
| Net Income (Common) |
(168)
N/A
|
(186)
-11%
|
(110)
+41%
|
(69)
+37%
|
(16)
+77%
|
0
N/A
|
(34)
N/A
|
(141)
-315%
|
(190)
-35%
|
(221)
-16%
|
(183)
+17%
|
(29)
+84%
|
77
N/A
|
250
+225%
|
313
+25%
|
357
+14%
|
312
-13%
|
196
-37%
|
75
-62%
|
(18)
N/A
|
(75)
-328%
|
(35)
+53%
|
12
N/A
|
21
+69%
|
88
+328%
|
131
+49%
|
162
+23%
|
206
+27%
|
224
+9%
|
88
-61%
|
|
| EPS (Diluted) |
-0.91
N/A
|
-0.85
+7%
|
-0.5
+41%
|
-0.3
+40%
|
-0.06
+80%
|
0
N/A
|
-0.16
N/A
|
-0.65
-306%
|
-0.87
-34%
|
-1
-15%
|
-0.83
+17%
|
-0.14
+83%
|
0.33
N/A
|
1.1
+233%
|
1.37
+25%
|
1.57
+15%
|
1.38
-12%
|
0.86
-38%
|
0.33
-62%
|
-0.08
N/A
|
-0.34
-325%
|
-0.16
+53%
|
0.05
N/A
|
0.09
+80%
|
0.38
+322%
|
0.56
+47%
|
0.69
+23%
|
0.88
+28%
|
0.95
+8%
|
0.38
-60%
|
|