Cushman & Wakefield's earnings call was predominantly positive, with significant revenue growth across major segments, successful debt reduction, and high client retention rates. Despite minor challenges in the APAC region and equity method investments, the company raised its full-year EPS guidance, indicating strong future prospects.

Company Guidance -

Q3 2025

During the Cushman & Wakefield Second Quarter 2025 Earnings Conference Call, the company reported significant progress across multiple fronts, achieving most of its three-year targets within two years. Key metrics included a 90 basis points improvement in adjusted EBITDA margin and a 95% increase in adjusted earnings per share to $0.39. The Capital Markets segment saw a 26% revenue growth in Q2, while the Americas recruited capital markets brokers with 200% higher annual average revenue than in 2024. The leasing business grew 8% in the Americas, driven by strong industrial demand, and experienced a 45% increase in average contract revenue. The company achieved 6% organic growth in its services business, with a 96% client retention rate in its GOS segment. Additionally, Cushman & Wakefield prepaid $150 million in debt, reducing gross debt from $3.2 billion to $2.8 billion, and realized over $45 million in annual interest savings. Looking ahead, the company raised its full-year EPS guidance, anticipating continued growth in leasing and capital markets, alongside a strategic focus on debt reduction and operational efficiency.

Strong Revenue Growth Across Segments

Cushman & Wakefield reported a 7% increase in fee revenue to $1.7 billion, with organic revenue up 8% in Q2 2025. Adjusted EBITDA increased by 15% to $162 million, and the adjusted EBITDA margin expanded by 75 basis points to 9.5%.

Significant Improvement in Capital Markets

Capital Markets revenue grew by 26% in Q2 2025. The Americas delivered 30% growth, driven by healthy fundamentals across asset classes and deal sizes, with EMEA up 16% and APAC Capital Markets growing by 4%.

Leasing Business Momentum

Leasing revenue grew by 8% globally in Q2 2025, with the Americas experiencing a 9% increase. The growth was driven by strong demand across asset types, particularly in office and industrial sectors.

Debt Reduction and Interest Savings

Cushman & Wakefield prepaid an additional $150 million in debt, reducing gross debt from $3.2 billion to $2.8 billion over 18 months, resulting in total interest savings of more than $45 million annually.

High Client Retention

The company achieved a 96% annualized retention rate in its Global Occupier Services (GOS) business year-to-date, indicating strong client loyalty and satisfaction.

Raised Full Year EPS Guidance

Cushman & Wakefield raised its full-year 2025 adjusted EPS growth guidance to 25% to 35%, significantly above initial expectations.

Cushman & Wakefield (CWK) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

CWK Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 30, 2025	2025 (Q3)	0.27 / -	0.23	―	―	―
Aug 05, 2025	2025 (Q2)	0.22 / 0.28	0.085	224.71% (+0.19)
Apr 29, 2025	2025 (Q1)	0.02 / 0.06	0	―
Feb 20, 2025	2024 (Q4)	0.48 / 0.49	0.45	8.67% (+0.04)
Nov 04, 2024	2024 (Q3)	0.21 / 0.23	0.21	9.52% (+0.02)
Jul 29, 2024	2024 (Q2)	0.19 / 0.09	0.22	-61.36% (-0.14)
Apr 29, 2024	2024 (Q1)	-0.01 / 0.00	-0.04	―
Feb 20, 2024	2023 (Q4)	0.40 / 0.45	0.46	-2.17% (-0.01)
Oct 30, 2023	2023 (Q3)	0.21 / 0.21	0.207	1.45% (<+0.01)
Jul 31, 2023	2023 (Q2)	0.17 / 0.22	0.63	-65.08% (-0.41)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

CWK Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Aug 05, 2025	$12.32	$13.39	+8.69%
Apr 29, 2025	$9.01	$9.41	+4.44%
Feb 20, 2025	$13.02	$12.24	-5.99%
Nov 04, 2024	$13.14	$15.17	+15.45%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Cushman & Wakefield (CWK) report earnings?

Cushman & Wakefield (CWK) is schdueled to report earning on Oct 30, 2025, After Close (Confirmed).

What is Cushman & Wakefield (CWK) earnings time?

Cushman & Wakefield (CWK) earnings time is at Oct 30, 2025, After Close (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is CWK EPS forecast?

CWK EPS forecast for the fiscal quarter 2025 (Q3) is 0.27.

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