Earnings Releases·Nov 4, 2026, 7:02 AM ET

Cushman & Wakefield — Third Quarter 2026 Earnings Summary

Total revenue rose 8% year-over-year to $2,807.8 million for the quarter and 10% to $8,106.2 million for the nine months; Adjusted EPS grew 28% to $0.37 in Q3 and $0.87 year-to-date, while reported diluted EPS remained flat at $0.22 for the quarter and declined 17% to $0.39 for the nine months due to non-cash pension and servicing liability charges.
The company maintained its full-year 2026 Adjusted EPS growth guidance of 18%-23% and highlighted a transformed balance sheet with $800 million in debt paydowns since 2024, resulting in no long-term debt maturing prior to 2030 following the full redemption of the 2028 Notes on October 21, 2026.
All major business segments delivered revenue growth in Q3, with Leasing up 15%, Capital Markets up 18%, and Services up 5%, driven by broad-based strength in the Americas and continued demand for high-quality office, industrial, and data center assets.
Adjusted EBITDA increased 15% to $183.7 million for the quarter, though operating expenses rose 8% due to higher employment costs and strategic investments; the company confirmed it does not intend to pay cash dividends and maintains $1.5 billion in liquidity.