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Cushman & Wakefield Earnings Calls
| Release date | Oct 30, 2025 |
| EPS estimate | $0.280 |
| EPS actual | $0.290 |
| EPS Surprise | 3.57% |
| Revenue estimate | 2.822B |
| Revenue actual | 2.606B |
| Revenue Surprise | -7.67% |
| Release date | Aug 05, 2025 |
| EPS estimate | $0.220 |
| EPS actual | $0.300 |
| EPS Surprise | 36.36% |
| Revenue estimate | 2.468B |
| Revenue actual | 2.484B |
| Revenue Surprise | 0.648% |
| Release date | Apr 29, 2025 |
| EPS estimate | $0.0200 |
| EPS actual | $0.0900 |
| EPS Surprise | 350.00% |
| Revenue estimate | 2.355B |
| Revenue actual | 2.285B |
| Revenue Surprise | -3.00% |
| Release date | Feb 20, 2025 |
| EPS estimate | $0.450 |
| EPS actual | $0.480 |
| EPS Surprise | 6.67% |
| Revenue estimate | 2.237B |
| Revenue actual | 2.63B |
| Revenue Surprise | 17.55% |
Last 4 Quarters for Cushman & Wakefield
Below you can see how CWK performed 4 days prior and 4 days after releasing the earnings report. Also, you can see the pre-estimates and the actual earnings. This information can give you a slight idea of what you might expect for the next quarter's release.
| Release date | Feb 20, 2025 |
| Price on release | $12.24 |
| EPS estimate | $0.450 |
| EPS actual | $0.480 |
| EPS surprise | 6.67% |
| Date | Price |
|---|---|
| Feb 13, 2025 | $12.90 |
| Feb 14, 2025 | $13.24 |
| Feb 18, 2025 | $13.18 |
| Feb 19, 2025 | $13.02 |
| Feb 20, 2025 | $12.24 |
| Feb 21, 2025 | $11.64 |
| Feb 24, 2025 | $11.74 |
| Feb 25, 2025 | $11.86 |
| Feb 26, 2025 | $12.01 |
| 4 days before | -5.12% |
| 4 days after | -1.88% |
| On release day | -4.90% |
| Change in period | -6.90% |
| Release date | Apr 29, 2025 |
| Price on release | $9.41 |
| EPS estimate | $0.0200 |
| EPS actual | $0.0900 |
| EPS surprise | 350.00% |
| Date | Price |
|---|---|
| Apr 23, 2025 | $8.52 |
| Apr 24, 2025 | $8.96 |
| Apr 25, 2025 | $8.80 |
| Apr 28, 2025 | $9.01 |
| Apr 29, 2025 | $9.41 |
| Apr 30, 2025 | $9.37 |
| May 01, 2025 | $9.60 |
| May 02, 2025 | $10.08 |
| May 05, 2025 | $10.01 |
| 4 days before | 10.45% |
| 4 days after | 6.38% |
| On release day | -0.425% |
| Change in period | 17.49% |
| Release date | Aug 05, 2025 |
| Price on release | $13.39 |
| EPS estimate | $0.220 |
| EPS actual | $0.300 |
| EPS surprise | 36.36% |
| Date | Price |
|---|---|
| Jul 30, 2025 | $12.26 |
| Jul 31, 2025 | $12.19 |
| Aug 01, 2025 | $11.93 |
| Aug 04, 2025 | $12.32 |
| Aug 05, 2025 | $13.39 |
| Aug 06, 2025 | $13.67 |
| Aug 07, 2025 | $13.39 |
| Aug 08, 2025 | $13.69 |
| Aug 11, 2025 | $13.50 |
| 4 days before | 9.22% |
| 4 days after | 0.82% |
| On release day | 2.09% |
| Change in period | 10.11% |
| Release date | Oct 30, 2025 |
| Price on release | $16.18 |
| EPS estimate | $0.280 |
| EPS actual | $0.290 |
| EPS surprise | 3.57% |
| Date | Price |
|---|---|
| Oct 24, 2025 | $17.08 |
| Oct 27, 2025 | $16.99 |
| Oct 28, 2025 | $16.83 |
| Oct 29, 2025 | $16.53 |
| Oct 30, 2025 | $16.18 |
| Oct 31, 2025 | $15.70 |
| Nov 03, 2025 | $15.58 |
| Nov 04, 2025 | $15.63 |
| Nov 05, 2025 | $15.50 |
| 4 days before | -5.27% |
| 4 days after | -4.20% |
| On release day | -2.97% |
| Change in period | -9.25% |
Cushman & Wakefield Earnings Call Transcript Summary of Q3 2025
Cushman & Wakefield reported strong Q3 2025 results driven by broad-based revenue growth, margin expansion and meaningful balance sheet progress. Fee revenue was $1.8 billion (up 8% year-over-year, 9% organic); adjusted EBITDA rose 11% to $160 million and adjusted EBITDA margin expanded to 9% (up 23 bps). The company delivered its largest-ever Q3 leasing revenue and set a Q3 cash-flow record. Management has repaid $500 million of debt over two years (net leverage 3.4x) and materially lowered borrowing costs through term loan repricings (most recently to SOFR + 250). Trailing 12-month free cash flow was $165 million (~61% conversion) and Cushman raised full-year 2025 adjusted EPS guidance to +30%–35% growth. Leasing, capital markets (up ~20% YoY) and retooled Services (mid-single-digit growth, accelerating) were key drivers; APAC had some JV timing impacts. Management is continuing to invest organically — including data & AI infrastructure, a global capital markets build (45 new advisers hired) and expanding capabilities in data centers and project management — while prioritizing deleveraging, margin improvement and profitable, targeted growth. The company expects leasing to finish toward the high end of its 6%–8% guidance, mid-single-digit Services growth and mid-to-high teens capital markets growth for the year.
