Cushman & Wakefield Reports $2.9B Q4 Revenue, $22.4M Loss

By Chris Stiles • Thursday, February 19 15:48 • Permanent Link

Cushman & Wakefield Ltd. (NYSE: CWK) has reported its financial results for the fourth quarter and full year of 2025, showing some notable changes compared to the same periods in 2024.

In the fourth quarter of 2025, the company reported a revenue of $2.9 billion, marking an 11% increase from the fourth quarter of 2024. Services revenue increased by 8%, leasing revenue by 6%, capital markets revenue by 17%, and valuation and other revenue by 15%. However, the company reported a net loss of $22.4 million for the fourth quarter of 2025, compared to a net income of $112.9 million in the fourth quarter of 2024.

For the full year of 2025, Cushman & Wakefield reported a revenue of $10.3 billion, representing a 9% increase from 2024. The company's net income for 2025 was $88.2 million, a decrease of $43.1 million from 2024. Adjusted EBITDA for the full year of 2025 was $656.2 million, marking a 13% increase from 2024.

The company's operating income for the fourth quarter of 2025 was $176.9 million, a 1% increase from the same period in 2024. However, interest expense, net of interest income, decreased by 1% from the fourth quarter of 2024. Cushman & Wakefield incurred a net loss of $22.4 million for the fourth quarter of 2025, compared to a net income of $112.9 million in the fourth quarter of 2024. Adjusted EBITDA for the fourth quarter of 2025 was $238.7 million, a 7% increase from the fourth quarter of 2024.

Today the company's shares have moved 0.76% to a price of $17.20. If you want to know more, read the company's complete 8-K report here.

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