| Metric | Value ($ M) | Q1 FY26 | Q2 FY25 |
|---|---|---|---|
| Revenue | 2.8K | 8.9% | 11.2% |
| Total Income | 2.8K | 8.9% | 11.2% |
| Expenditure | 2.6K | 6.1% | 11.3% |
| PBT | — | ||
| Net Profit | 52.70 | 518.3% | 8.0% |
| OPM | 4.86% | 2.54pp | 0.09pp |
| NPM | 1.91% | 2.40pp | 0.40pp |
| EPS | 0.22 | 540.0% | 12.0% |
Cushman & Wakefield Reports Q2 2026 Financial Results and Raises Full-Year Adjusted EPS Guidance
05 Aug 2026 · 5 Aug, 4:37 pm
Summary
Cushman & Wakefield reported a strong second quarter of 2026 with total revenue reaching $2.8 billion, an 11% increase year-over-year, driven by robust performance in Leasing and Services. Leasing revenue grew by 27% and Services revenue by 8%, showcasing continued momentum across key business lines. While net income decreased by 8% to $52.7 million, Adjusted EBITDA increased by 14% to $183.6 million. The company also raised its full-year 2026 Adjusted EPS guidance to 18%-23% growth, reflecting confidence in its strategic plan and operational execution.
Key Highlights
- 1
Cushman & Wakefield reported total revenue of $2.8 billion for the second quarter of 2026, an increase of 11% year-over-year.
- 2
Leasing revenue saw significant growth, increasing by 27% year-over-year to $628.5 million.
- 3
Services revenue also demonstrated strong momentum, up 8% year-over-year to $1.8 billion.
- 4
Adjusted EBITDA for the second quarter of 2026 was $183.6 million, an increase of 14% compared to the prior year.
- 5
The company raised its 2026 annual Adjusted EPS guidance to 18%-23% growth, up from previous guidance of 15%-20%.
- 6
Net income for the second quarter of 2026 was $52.7 million, a decrease of 8% compared to the second quarter of 2025.
- 7
The company achieved its lowest borrowing spread on term loan debt in company history.
Management Comments
Michelle MacKay
We didn't just meet the bar this quarter—we moved it, with record second quarter leasing, services and total revenues, and our lowest gross debt balance ever. Our opportunity extends far beyond the traditional definition of commercial real estate: We advise and operate across the entire built world, from data centers and infrastructure to energy and housing. That breadth, combined with a century of earned trust, is why we're raising our 2026 annual Adjusted EPS growth target to 18%-23% just two quarters into our three-year plan. We are builders, and we'll keep proving it every quarter.
Informational and educational content only. Not investment advice.