Cushman & Wakefield Posts Record 2025 Revenue, Strengthens Balance Sheet

Cushman & Wakefield ( (CWK) ) just unveiled an announcement.

Cushman & Wakefield reported on February 19, 2026 that it achieved the highest fourth-quarter and full-year revenue in its history for 2025, with total revenue up 11% in the quarter and 9% for the year, driven by broad-based growth in services, leasing, capital markets and valuation. Despite posting a fourth-quarter net loss of $22.4 million due to a $177 million impairment on its Greystone JV investment, the firm delivered a 34% rise in adjusted earnings per share, stronger adjusted EBITDA, significantly improved cash generation and $300 million of debt prepayment, underscoring healthier commercial real estate markets and a bolstered balance sheet for 2026.

For the fourth quarter of 2025, service line fee revenue rose 9% to $2.0 billion, with services up 8%, leasing up 6%, capital markets up 17% and valuation and other up 15%, reflecting solid demand across asset classes and regions. For the full year, service line fee revenue increased 7% to $7.1 billion, while operating cash flow climbed by $132.4 million to $340.4 million and free cash flow grew by $126 million to $293 million, leaving the company with $1.8 billion of liquidity at year-end and marking its fifth consecutive quarter of double-digit capital markets revenue growth.

The most recent analyst rating on (CWK) stock is a Buy with a $19.00 price target. To see the full list of analyst forecasts on Cushman & Wakefield stock, see the CWK Stock Forecast page.

Spark’s Take on CWK Stock

According to Spark, TipRanks’ AI Analyst, CWK is a Neutral.

Cushman & Wakefield’s overall stock score is driven by strong earnings call results and positive corporate events, indicating strategic growth and financial stability. However, technical indicators and cash flow challenges suggest caution.

To see Spark’s full report on CWK stock, click here.

More about Cushman & Wakefield

Cushman & Wakefield Ltd. is a global commercial real estate services firm, providing leasing, capital markets, project and facilities management, valuation and other advisory services to occupiers and investors. The company operates across the Americas, EMEA and APAC, with a focus on fee-based service lines that generate recurring revenue and support its role as an intermediary in property transactions and portfolio management.

Average Trading Volume: 2,090,988

Technical Sentiment Signal: Hold

Current Market Cap: $2.86B

Find detailed analytics on CWK stock on TipRanks’ Stock Analysis page.