Cushman & Wakefield Q1 revenue rises 5% to $2.3 billion; net income $1.9 million
Cushman & Wakefield reported first-quarter 2025 revenue of $2.3 billion, up 5% from a year earlier, led by Leasing and Capital markets growth. Net income was $1.9 million, compared with a net loss of $28.8 million in the first quarter of 2024, and diluted earnings per share were $0.01 versus a loss of $0.13.
Key points
- Total revenue of $2.3 billion rose 5% (6% in local currency); service line fee revenue of $1.5 billion rose 3%.
- Leasing revenue rose 8% and Capital markets revenue rose 11%, while Services revenue fell 1%, mainly due to an August 2024 sale of a non-core business.
- Adjusted EBITDA was $96.2 million, up 23%, with an Adjusted EBITDA margin of 6.2%, a 103 basis point improvement.
- In March 2025 the company prepaid $25.0 million of term loans due in 2030; liquidity was $1.7 billion as of March 31, 2025.
The filing
Written by AI on Nov 8, 2026, 1:39 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on April 29, 2025.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.