Earnings summaries and quarterly performance for Cushman & Wakefield.
Executive leadership at Cushman & Wakefield.
Michelle MacKay
Detailed
Chief Executive Officer
CEO
AM
Andrew McDonald
Detailed
Global President & Chief Operating Officer
NR
Nathaniel Robinson
Detailed
Executive Vice President, Chief Investment & Strategy Officer
NJ
Neil Johnston
Detailed
Executive Vice President, Chief Financial Officer
NP
Noelle Perkins
Detailed
Executive Vice President, Chief Legal Officer & Secretary
Board of directors at Cushman & Wakefield.
Research analysts who have asked questions during Cushman & Wakefield earnings calls.
AP
Anthony Paolone
JPMorgan Chase & Co.
4 questions for CWK
Also covers: ARE, BDN, BNL +29 more
PA
Peter Abramowitz
Jefferies
3 questions for CWK
Also covers: AHH, ARE, BXP +14 more
RK
Ronald Kamdem
Morgan Stanley
3 questions for CWK
Also covers: AAT, ADC, AHR +36 more
Stephen Sheldon
William Blair & Company
3 questions for CWK
Also covers: AGYS, ALRM, APEI +11 more
JB
Julien Blouin
The Goldman Sachs Group, Inc.
2 questions for CWK
Also covers: ALX, AMH, CBRE +11 more
Michael Griffin
Citigroup Inc.
2 questions for CWK
Also covers: AHR, ALX, ARE +32 more
AK
Alex Kramm
UBS Group AG
1 question for CWK
Also covers: BR, CBOE, CBRE +15 more
MG
Mitch Germain
Citizens JMP
1 question for CWK
Also covers: ALEX, CIGI, EPR +13 more
Patrick McIlwee
William Blair
1 question for CWK
Also covers: LRN, LZ, OLO +1 more
Seth Bergey
Citi
1 question for CWK
Also covers: AHR, BDN, CBRE +15 more
Recent press releases and 8-K filings for CWK.
Cushman & Wakefield Outlines Strategic Vision and Financial Targets at Investor Day
CWK
Guidance Update
New Projects/Investments
Revenue Acceleration/Inflection
- Cushman & Wakefield (CWK) has achieved significant financial progress over the past two years, including 20% compound annual growth rate (CAGR) in earnings per share, an improvement in free cash flow margin from 50% to 70%, and the repayment of $500 million of debt, resulting in $50 million in annual interest cost savings.
- The company's three-year plan targets 15%-20% CAGR in earnings per share, 6%-8% revenue growth, and a 150 basis point increase in margins, expecting to generate over $800 million in free cash flow.
- CWK is undergoing an operational transformation to become a globally integrated and digitally enabled real estate services platform by the end of 2028, with 60% of the journey already completed and 70% of global revenue under digital transformation.
- Key growth areas include multi-market leasing, global institutional capital markets, and data centers, which is highlighted as the fastest-growing asset class in real estate with an expected $6.7 trillion in CapEx spend by 2030.
Dec 4, 2025, 2:00 PM
Cushman & Wakefield Outlines "Driving Profitable Growth" Strategy and Financial Targets at 2025 Investor Day
CWK
Guidance Update
Debt Issuance
New Projects/Investments
- Cushman & Wakefield presented its "Driving Profitable Growth" strategy at its 2025 Investor Day, highlighting a strategic reset over the past 2.5 years focused on strengthening the core, operating with rigor, and organic growth.
- Key achievements include reducing $500 million of debt and saving $50 million annually in interest costs , alongside a 90% increase in cash from 2023 to 2025.
- The company is undergoing a digital transformation, aiming to be a globally integrated and fully digitally enabled real estate services platform by the end of 2028, with 70% of global revenue already under digital transformation.
- Financially, Cushman & Wakefield achieved a 20% compound annual growth rate in EPS and improved its free cash flow margin from 50% to 70% over the last two years.
- A new three-year plan targets 15%-20% compound annual EPS growth, 6%-8% revenue growth, and a 150 basis point margin expansion, projecting over $800 million in free cash flow generation.
Dec 4, 2025, 2:00 PM
Cushman & Wakefield Outlines Three-Year Financial Targets and Strategic Progress at 2025 Investor Day
CWK
Guidance Update
New Projects/Investments
Revenue Acceleration/Inflection
- Cushman & Wakefield targets a 15%-20% compound annual growth rate for earnings per share over the next three years, supported by 6%-8% revenue growth and a 150 basis point margin expansion.
- The company has strengthened its financial foundation by reducing $500 million of debt in two years, resulting in $50 million in annual interest cost savings and lowering leverage to 3.2x.
- Free cash flow generation has significantly improved, with conversion rising from 50% to 70%, and the company expects to generate over $800 million of free cash flow over the next three years.
- Cushman & Wakefield is advancing a major operational transformation, aiming for a globally integrated and digitally enabled real estate services platform by the end of 2028, with 70% of global revenue already under full digital transformation.
Dec 4, 2025, 2:00 PM
COPT Defense Properties Acquires Stonegate I Building
CWK
M&A
New Projects/Investments
- COPT Defense Properties acquired Stonegate I, a 142,000 square foot Class A office building in Chantilly, VA, for a gross purchase price of $40.2 million.
- The building is fully occupied by a top 20 U.S. Defense Contractor with 10 years of lease term remaining.
- This acquisition is expected to be accretive to FFO per share and enhances COPT Defense's relationship with the contractor, reinforcing its dominant position in the Westfields submarket.
- As of June 30, 2025, COPT Defense's Defense/IT Portfolio comprised 198 properties totaling 22.6 million square feet and was 96.8% leased.
Oct 30, 2025, 8:15 PM
Cushman & Wakefield Reports Strong Q3 2025 Results and Raises Full-Year EPS Guidance
CWK
Earnings
Guidance Update
Revenue Acceleration/Inflection
- Cushman & Wakefield reported strong Q3 2025 financial results, with revenue increasing 8% to $1.8 billion and adjusted EBITDA rising 11% to $160 million, expanding the adjusted EBITDA margin by 23 basis points to 9%.
- The company delivered 26% year-over-year adjusted EPS growth to $0.29 in Q3 2025 and subsequently raised its full-year 2025 adjusted EPS guidance to 30%-35% growth.
- Significant debt reduction was achieved, with an additional $100 million prepayment bringing the total to $500 million over two years, resulting in a net leverage of 3.4x, the lowest since Q4 2022.
- Revenue growth was broad-based, with leasing revenue up 9%, capital markets up 20%, and Americas services revenue up 6% organically.
- Strategic investments include building out data and AI infrastructure and hiring over 45 new institutional capital markets advisors, with momentum expected to continue into Q4.
Oct 30, 2025, 1:00 PM
Cushman & Wakefield Reports Strong Q3 2025 Financial Results
CWK
Earnings
Revenue Acceleration/Inflection
Debt Issuance
- Cushman & Wakefield (CWK) reported Q3 2025 fee revenue of $1.8 billion, an 8% increase compared to Q3 2024.
- Adjusted EBITDA for Q3 2025 was $160 million, up 11% year-over-year, with an Adjusted EBITDA margin of 9.0%.
- Adjusted diluted EPS reached $0.29, a 26% increase from the prior year, marking five consecutive quarters of year-over-year growth.
- The company proactively managed its balance sheet by prepaying $250 million of debt in August and October 2025, contributing to $300 million in year-to-date debt prepayments, and repricing $1.788 billion of debt to reduce interest rates.
- Liquidity at the end of Q3 2025 stood at $1.7 billion, comprising $0.6 billion in cash and $1.1 billion in undrawn revolving credit facility availability.
Oct 30, 2025, 1:00 PM
Cushman & Wakefield Reports Strong Q3 2025 Results and Raises Full-Year EPS Guidance
CWK
Earnings
Guidance Update
New Projects/Investments
- Cushman & Wakefield reported Q3 2025 revenue of $1.8 billion, an 8% increase (or 9% organic), with adjusted EBITDA rising 11% to $160 million and adjusted EBITDA margin expanding 23 basis points to 9%.
- Adjusted EPS for Q3 2025 grew 26% year-over-year to $0.29.
- The company raised its full-year 2025 adjusted EPS growth guidance for the second consecutive quarter to 30% to 35%.
- Cushman & Wakefield has repaid $500 million in debt over the past two years, including a recent $100 million prepayment, bringing total debt repayment to a 15% reduction in gross debt and achieving a net leverage of 3.4x.
- All segments showed growth, with leasing revenue up 9%, capital markets up 20%, and Americas organic services revenue up 6%.
Oct 30, 2025, 1:00 PM
Cushman & Wakefield Reports Strong Q3 2025 Results and Raises Full-Year EPS Guidance
CWK
Earnings
Guidance Update
Revenue Acceleration/Inflection
- Cushman & Wakefield reported strong Q3 2025 financial results, with revenue increasing 8% (9% organically) to $1.8 billion, adjusted EBITDA rising 11% to $160 million, and adjusted EPS growing 26% year-over-year to $0.29.
- The company significantly improved its balance sheet, achieving a net leverage of 3.4x, the lowest since Q4 2022, and made $250 million in debt prepayments since July, contributing to a total of $500 million repaid over two years.
- Management raised its full-year 2025 adjusted EPS growth guidance for the second consecutive quarter to 30% to 35%, up from the previously provided 25% to 35% target range.
- Strategic investments are driving growth across segments, including a 9% increase in leasing revenue, 20% growth in capital markets, and accelerated organic services growth of 7% in Q3 2025.
Oct 30, 2025, 1:00 PM
Cushman & Wakefield Reports Strong Q3 2025 Financial Results and Raises Full Year Guidance
CWK
Earnings
Guidance Update
Revenue Acceleration/Inflection
- Cushman & Wakefield reported Q3 2025 revenue of $2.6 billion, an 11% increase from Q3 2024, with service line fee revenue up 9%.
- Net income for Q3 2025 was $51.4 million, resulting in diluted earnings per share of $0.22 and adjusted diluted earnings per share of $0.29.
- The company achieved its fourth consecutive quarter of double-digit Capital markets revenue growth, increasing 21% in Q3 2025, alongside 6% growth in Services revenue.
- An additional $100.0 million in term loan debt was prepaid in October 2025, contributing to $300.0 million in year-to-date principal prepayments.
- Full year 2025 Adjusted EPS guidance was raised to 30%-35% growth, up from previous guidance of 25%-35%.
Oct 30, 2025, 11:01 AM
Cushman & Wakefield Reports Strong Q3 2025 Financial Results and Raises Full-Year Guidance
CWK
Earnings
Guidance Update
Revenue Acceleration/Inflection
- Cushman & Wakefield reported Q3 2025 revenue of $2.6 billion, an 11% increase from the prior year, with service line fee revenue growing 9% to $1.8 billion.
- Net income for Q3 2025 increased to $51.4 million, with diluted earnings per share of $0.22, while Adjusted diluted earnings per share reached $0.29.
- The company prepaid an additional $100.0 million in term loan debt during Q3 2025, contributing to $500 million in cumulative debt prepayments over two years.
- Cushman & Wakefield raised its full-year 2025 Adjusted EPS guidance to 30%-35% growth, an increase from the previous 25%-35% range.
Oct 30, 2025, 11:00 AM
Quarterly earnings call transcripts for Cushman & Wakefield.
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