{"schema_version":"secwatch.filing_event.v1","accession":"0001628369-22-000025","form_type":"8-K","ticker":"CWK","cik":"0001628369","company_name":"Cushman & Wakefield Ltd.","filed_at":"2022-11-03T23:59:59+00:00","discovered_at":"2026-05-14T18:03:51.490852+00:00","generated_at":"2026-06-22T09:14:14.299121+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Cushman & Wakefield Q3 net income down 65% to $23.9M; capital markets fee revenue falls 20%","bullets":["Revenue $2.5B (+8% YoY); service line fee revenue $1.8B (+4% YoY).","Leasing fee revenue up 13% YoY; capital markets fee revenue declined 20%.","Adjusted EPS $0.43, down 10% YoY; adjusted EBITDA $201.9M (-8% YoY).","Net income $23.9M ($0.11 diluted EPS) vs $68.7M ($0.30) in Q3 2021.","Liquidity $1.5B with $1.1B undrawn revolver and $0.4B cash."],"urls":{"canonical":"https://secwatch.observer/filing/0001628369-22-000025","json":"https://secwatch.observer/filing/0001628369-22-000025.json","markdown":"https://secwatch.observer/filing/0001628369-22-000025.md","text":"https://secwatch.observer/filing/0001628369-22-000025.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1628369/000162836922000025/0001628369-22-000025-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1628369/000162836922000025/cwk-20221103.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-22T09:14:14.299121+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"89bc18f75777ee6fec3510a888e02ed7c67a0332","claim":"Cushman & Wakefield Ltd. reported nine months ended September 30, 2022 results: revenue $7.5 billion, net income $166.6 million, EPS $0.73.","evidence_excerpt":"Year-to-Date Results: • Revenue of $7.5 billion and service line fee revenue of $5.4 billion for the nine months ended September 30, 2022 increased 15% and 16%, respectively, from the nine months ended September 30, 2021. ◦ Leasing, Capital markets and Property, facilities and project management experienced continued growth, led by the Americas. • Net income and earnings per share for the nine months ended September 30, 2022 were $166.6 million and $0.73, respectively.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1628369/000162836922000025/0001628369-22-000025-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"nine months ended September 30, 2022"},{"label":"Revenue","value":"$7.5 billion"},{"label":"Net income","value":"$166.6 million"},{"label":"EPS","value":"$0.73"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"95901bd9af32512098a4d668d2370f890936616c","claim":"Cushman & Wakefield Ltd. reported third quarter of 2022 results: revenue $2.5 billion, net income $23.9 million, EPS $0.11.","evidence_excerpt":"Third Quarter Results: • Revenue of $2.5 billion and service line fee revenue of $1.8 billion for the third quarter of 2022 increased 8% and 4%, respectively, from the third quarter of 2021. ◦ Leasing and Property, facilities and project management grew 13% and 10%, respectively. ◦ Capital markets declined 20%. • Net income and earnings per share for the third quarter of 2022 were $23.9 million and $0.11, respectively.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1628369/000162836922000025/0001628369-22-000025-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"third quarter of 2022"},{"label":"Revenue","value":"$2.5 billion"},{"label":"Net income","value":"$23.9 million"},{"label":"EPS","value":"$0.11"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}