secwatch.observer — SEC 8-K summary
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Issuer:     Cushman & Wakefield Ltd. (CWK)
CIK:        0001628369
Form:       8-K
Filed at:   2026-02-19T23:59:59+00:00
Accession:  0001628369-26-000005
Event type: earnings
Sentiment:  positive
Materiality: 0.95
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud

Cushman & Wakefield reports record Q4 and full year 2025 revenue, 34% adjusted EPS growth
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- Q4 revenue of $2.9 billion rose 11% (10% in constant currency) from Q4 2024, a company record.
- Adjusted diluted EPS of $0.54 increased 13% year-over-year; full year adjusted EPS of $1.22 rose 34%.
- Adjusted EBITDA of $238.7 million in Q4 was up 7%; full year adjusted EBITDA of $656.2 million grew 13%.
- Prepaid $300 million of term loans during 2025 and repriced term loans to lowest credit spread in history.
- Recognized a $177 million non-cash impairment on equity method investment in Cushman Wakefield Greystone joint venture.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1628369/000162836926000005/0001628369-26-000005-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1628369/000162836926000005/cwk-20260219.htm
  HTML page:      https://secwatch.observer/filing/0001628369-26-000005

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