NEW YORK - Cushman & Wakefield Ltd. (NYSE: CWK) today reported financial results for the third quarter of 2026. Diluted earnings per share (“EPS”) was $0.22, flat with prior year, while Adjusted EPS was $0.37, up 28%.
Today we reported our seventh consecutive quarter of double-digit adjusted earnings per share growth, showcasing the power of our balanced platform and strategy. With $800 million in debt paydowns since 2024 our balance sheet has been transformed, and we enter this next stage of growth with increased strength, stability and optionality,” said Michelle MacKay, Chief Executive Officer of Cushman & Wakefield. “In three years, we have built a more agile and future-ready company, and the opportunity in front of us has never been greater. Our teams have consistently delivered, and we will continue to focus on converting the strength we have built into durable, profitable long-term growth.
Third Quarter Highlights:
- Leasing revenue increased 15% (15% in local currency), principally driven by 19% growth in the Americas spread across all deal sizes, with continued strength in office and industrial leasing, including data centers.
- Capital markets revenue increased 18% (18% in local currency), primarily due to 24% revenue growth in the Americas, which experienced growth in all major asset classes.
- Services revenue increased 5% (5% in local currency), reflecting growth across all segments, led by higher global facilities management revenue and project management revenue, especially in EMEA and APAC.
- EPS remained flat while Adjusted EPS grew 28%. Maintaining full year 2026 Adjusted EPS guidance range of 18%-23% growth.
- For the trailing twelve months ended September 30, 2026, Net cash provided by operating activities was $281.7 million and Free cash flow was $200.2 million.
>> READ THE FULL PRESS RELEASE
INVESTOR RELATIONS:
Megan McGrath | Investor Relations
+1 312 338 7860
IR@cushwake.com
