| Metric | Value ($ M) | Q1 FY25 |
|---|---|---|
| Revenue | 2.5K | 11.0% |
| Total Income | 2.5K | 11.0% |
| Expenditure | 2.5K | 10.6% |
| PBT | — | |
| Net Profit | -12.60 | 763.2% |
| OPM | 2.31% | 0.33pp |
| NPM | -0.50% | 0.58pp |
| EPS | -0.05 | 600.0% |
Cushman & Wakefield Reports Q1 2026 Revenue of $2.5 Billion, Up 11%
07 May 2026 · 7 May, 4:37 pm
Summary
Cushman & Wakefield reported a strong start to 2026, with first quarter revenue reaching $2.5 billion, an 11% increase compared to the same period in 2025. The company's services and leasing segments were key drivers of this growth, with increases of 9% and 19%, respectively. While net loss was $12.6 million, adjusted EBITDA increased by 16% to $111.3 million. Management is focused on generating durable, long-term growth for shareholders by capturing opportunities in the market through integrated, multi-service partnerships.
Key Highlights
- 1
Cushman & Wakefield reported revenue of $2.5 billion for the first quarter of 2026, an increase of 11% from the first quarter of 2025.
- 2
Services revenue increased by 9% in the first quarter of 2026, driven by higher facilities management and project management revenue.
- 3
Leasing revenue grew by 19% in the first quarter of 2026, primarily due to growth in the Americas.
- 4
Capital markets revenue increased by 15% in the first quarter of 2026, marking the sixth consecutive quarter of double-digit growth.
- 5
Adjusted EBITDA for the first quarter of 2026 was $111.3 million, an increase of $15.1 million or 16% from the first quarter of 2025.
- 6
Adjusted net income for the first quarter of 2026 increased by $14.2 million or 69% from the first quarter of 2025, reaching $34.7 million.
- 7
Adjusted diluted earnings per share for the first quarter of 2026 was $0.15, up $0.06 or 67% from the first quarter of 2025.
Management Comments
Michelle MacKay
Our first quarter results reflect a strong start to 2026 as we continue to execute toward the long-term targets we introduced at our 2025 Investor Day in December. We reported the highest first quarter revenue in company history, with continued momentum across all of our service lines. We are driving operating leverage as we scale the platform and driving consistent value through capital structure improvements, leading to 67% Adjusted earnings per share growth in the quarter. As clients increasingly turn to integrated, multi-service partners, we are capturing opportunities in the market through our ability to lead through market transformation. Our strategy is delivering results and we are focused on generating durable, long-term growth for our shareholders.
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