---
schema_version: "secwatch.filing_event.v1"
accession: "0001628369-26-000050"
form_type: "8-K"
ticker: "CWK"
cik: "0001628369"
company_name: "Cushman & Wakefield Ltd."
filed_at: "2026-04-08T23:59:59+00:00"
generated_at: "2026-05-15T06:53:40.637400+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.4
calibrated_materiality_score: 0.4
confidence: "medium"
source: SEC EDGAR
---

# Cushman & Wakefield changes financial reporting; recasts 2024-2025 quarterly data

## Summary
- No longer reports service line fee revenue or certain non-GAAP measures (Adjusted EBITDA margin, segment operating expenses, fee-based operating expenses).
- Replaces 'Cost of gross contract reimbursables' with 'Gross contract costs'; costs presented gross in total expenses with fees in revenue.
- Refined allocation of corporate costs to segments; no impact on total revenue, consolidated net income, EPS, or cash flows.
- Recast historical financials for 2024 and 2025 quarterly periods available on IR website (Exhibit 99.1).
- Changes effective January 1, 2026, intended to align with industry competitors and enhance management decision-making.

## SEC filing metadata
- accession: 0001628369-26-000050
- form_type: 8-K
- ticker: CWK
- cik: 0001628369
- company_name: Cushman & Wakefield Ltd.
- filed_at: 2026-04-08T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.4
- calibrated_materiality_score: 0.4
- confidence: medium
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1628369/000162836926000050/0001628369-26-000050-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1628369/000162836926000050/cwk-20260408.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628369-26-000050
- JSON: https://secwatch.observer/filing/0001628369-26-000050.json
- Plain text: https://secwatch.observer/filing/0001628369-26-000050.txt

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