Quarterly ResultMay 7, 2026, 07:08 AM
Cushman & Wakefield Q1 Revenue $2.5B, up 11%; Adjusted EPS $0.15
AI Summary
Cushman & Wakefield reported its first quarter 2026 financial results, achieving its highest first quarter revenue in company history at $2.5 billion, an 11% increase year-over-year. Despite a net loss of $12.6 million, primarily due to a non-cash pension buy-out settlement loss and a servicing liability, the company saw strong adjusted performance. Adjusted EBITDA grew 16% to $111.3 million, and Adjusted diluted earnings per share increased 67% to $0.15, reflecting robust growth across its service lines.
Key Highlights
- Total revenue reached $2.5 billion, an 11% increase (9% in local currency) from Q1 2025.
- Reported a net loss of $12.6 million, compared to net income of $1.9 million in Q1 2025.
- Adjusted EBITDA increased 16% to $111.3 million (15% in local currency).
- Adjusted diluted earnings per share rose 67% to $0.15.
- Leasing revenue grew 19% (17% in local currency), driven by Americas growth.
- Services revenue increased 9% (7% in local currency), led by facilities and project management.
- Capital markets revenue increased 15% (14% in local currency), marking the sixth consecutive quarter of double-digit growth.
- Announced partial redemption of $100 million of 6.750% senior secured notes due May 2028.