Cushman & Wakefield Q1 revenue rises 11% to $2.5 billion; net loss of $12.6 million
Cushman & Wakefield reported first-quarter 2026 revenue of $2.5 billion, up 11% from a year earlier, with Leasing revenue up 19%. The company posted a net loss of $12.6 million, compared with net income of $1.9 million in the first quarter of 2025, after non-cash charges including a $16.6 million pension settlement loss and an $11.8 million servicing liability. Adjusted diluted earnings per share rose to $0.15 from $0.09, so shareholders face a mix of stronger operating results and a reported loss driven by one-time items.
Key points
- Revenue of $2.5 billion rose 11% (9% in local currency); Leasing revenue rose 19% and Services revenue rose 9%.
- Net loss was $12.6 million, compared with net income of $1.9 million, including a $16.6 million non-cash U.K. pension settlement loss and an $11.8 million non-cash A/R Securitization servicing liability.
- Adjusted EBITDA was $111.3 million, up 16%, and adjusted diluted EPS was $0.15 versus $0.09.
- Liquidity was $1.6 billion as of March 31, 2026; the company will partially redeem $100.0 million of its 6.750% senior secured notes due 2028 on May 15, 2026.
The filing
Written by AI on Nov 8, 2026, 1:38 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 May 07, 2026.
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.