---
schema_version: "secwatch.filing_event.v1"
accession: "0001628369-24-000003"
form_type: "8-K"
ticker: "CWK"
cik: "0001628369"
company_name: "Cushman & Wakefield Ltd."
filed_at: "2024-02-20T23:59:59+00:00"
generated_at: "2026-06-05T23:09:15.583404+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Cushman & Wakefield Q4 revenue $2.6B (-4% YoY); FY net loss $35M, adj. EPS $0.84

## Summary
- Q4 service line fee revenue $1.8B (-2% YoY), with leasing +5%, capital markets -31%.
- Q4 adjusted diluted EPS $0.45 vs. $0.46 in Q4 2022; net income $69.8M.
- FY 2023 revenue $9.5B (-6% YoY), net loss $35.4M, adjusted EBITDA $570M (-37%).
- Free cash flow $101M; liquidity $1.9B with $0.8B cash and $1.1B undrawn revolver.
- CEO MacKay cites debt refinancings, cost reduction, and focus on long-term growth.

## SEC filing metadata
- accession: 0001628369-24-000003
- form_type: 8-K
- ticker: CWK
- cik: 0001628369
- company_name: Cushman & Wakefield Ltd.
- filed_at: 2024-02-20T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1628369/000162836924000003/0001628369-24-000003-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1628369/000162836924000003/cwk-20240220.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628369-24-000003
- JSON: https://secwatch.observer/filing/0001628369-24-000003.json
- Plain text: https://secwatch.observer/filing/0001628369-24-000003.txt

## Key facts
- Earnings Releases
  Cushman & Wakefield Ltd. reported financial results for the fourth quarter and full year of 2023.
  - Period: the fourth quarter and full year of 2023
  - Result: reported results
  source text: On February 20, 2024, Cushman & Wakefield plc (the "Company") issued a press release reporting its financial results for the fourth quarter and full year of 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1628369/000162836924000003/0001628369-24-000003-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.