CWK Cushman & Wakefield Ltd.
Price Chart
Executive Summary
Cushman & Wakefield reported Q1 2026 revenue of $2.54B (+11% YoY) and adjusted EPS of $0.15 (+67% YoY), both above consensus estimates of $2.46B and $0.13. All service lines grew, led by Leasing (+19%) and Capital markets (+15%), marking the sixth consecutive quarter of double-digit Capital markets growth. GAAP net loss widened to $12.6M due to non-cash charges including a pension buy-out settlement and a servicing liability.
Key Financial Metrics
Actionable Insight
The strong beat across all segments supports upside momentum. Monitor the conference call for any guidance update; continued double-digit capital markets growth is a positive signal for the CRE cycle. The widening GAAP loss is non-cash and should not derail the adjusted earnings trajectory.
Key Facts
- Revenue $2.54B vs consensus $2.46B (beat +3.1%)
- Adjusted EPS $0.15 vs consensus $0.13 (beat +15.4%)
- Total revenue +11% YoY; Leasing +19%, Capital markets +15%
- Adjusted EBITDA $111.3M (+16% YoY); Adjusted net income $34.7M (+69% YoY)
- GAAP net loss $12.6M vs income $1.9M YoY due to non-cash charges
- All four service lines grew: Services +9%, Leasing +19%, Capital markets +15%, Valuation +9%
- Sixth consecutive quarter of double-digit Capital markets revenue growth
Financial Impact
Revenue beat by ~$76M; adjusted EPS beat by $0.02
Risk Factors
- Greystone JV equity losses continued ($4.1M in Q1), with potential for further provisions
- Operating cash flow negative $244M due to working capital timing
- Pension buy-out and AR securitization costs may recur in future quarters
Market Snapshot
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001628369-26-000058 |
| Document: cwk-20260507.htm | 0001628369-26-000058 |
| Document: 0001628369-26-000058-index-headers.html | 0001628369-26-000058 |
| Document: 0001628369-26-000058-index.html | 0001628369-26-000058 |
| Document: 0001628369-26-000058.txt | 0001628369-26-000058 |
| 8-K Data (Synthetic) | 0001628369-26-000058 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
|
Jun 4, 2026
5d ago
|
8-K
| $13.27 $13.37 | ▲ +0.75% | ▲ +3.35% | $13.24 (−0.23%) |
|
May 15, 2026
25d ago
|
8-K
| $12.64 $12.59 | ▼ −0.40% | ▲ +0.25% | $13.24 (+4.75%) |
|
May 7, 2026
4w ago
|
8-K
| $13.85 $14.19 | ▲ +2.45% | ▲ +1.62% | $13.24 (−4.40%) |
|
May 4, 2026
5w ago
|
8-K
| $13.85 $14.53 | ▲ +4.91% | ▲ +4.11% | $13.24 (−4.40%) |
|
Apr 8, 2026
8w ago
|
8-K
| $13.15 $13.22 | ▲ +0.53% | ▲ +0.59% | $13.24 (+0.68%) |
|
Apr 3, 2026
9w ago
|
DEFA14A
| $12.62 $12.70 | ▲ +0.63% | ▲ +0.57% | $13.24 (+4.91%) |
US Market Status
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