---
schema_version: "secwatch.filing_event.v1"
accession: "0001628369-25-000019"
form_type: "8-K"
ticker: "CWK"
cik: "0001628369"
company_name: "Cushman & Wakefield Ltd."
filed_at: "2025-04-29T23:59:59+00:00"
generated_at: "2026-05-23T03:50:47.756833+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Cushman & Wakefield Q1 net income $1.9M vs loss $28.8M; adjusted EBITDA +23%

## Summary
- Revenue $2.3B (+5% YoY); leasing +8%, capital markets +11% drove growth.
- Net income $1.9M (diluted EPS $0.01) vs net loss $28.8M (diluted loss $0.13) YoY.
- Adjusted EBITDA $96.2M (+23%), margin 6.2% (+103bps); adjusted diluted EPS $0.09.
- Prepaid $25M term loan due 2030; liquidity $1.7B as of March 31.
- Services organic revenue +3% (4% local currency), two quarters ahead of target.

## SEC filing metadata
- accession: 0001628369-25-000019
- form_type: 8-K
- ticker: CWK
- cik: 0001628369
- company_name: Cushman & Wakefield Ltd.
- filed_at: 2025-04-29T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- 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/1628369/000162836925000019/0001628369-25-000019-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1628369/000162836925000019/cwk-20250429.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628369-25-000019
- JSON: https://secwatch.observer/filing/0001628369-25-000019.json
- Plain text: https://secwatch.observer/filing/0001628369-25-000019.txt

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