Cushman & Wakefield Q2 revenue up 11% to $2.8B; raises 2026 adjusted EPS growth guidance to 18%-23%

Cushman & Wakefield Ltd.

Q2 revenue $2.8B (+11% YoY); leasing revenue up 27% YoY; services revenue up 8% YoY.
Adjusted EPS $0.35 (+17% YoY); net income $52.7M (-8% YoY) on higher interest and tax.
Raised 2026 annual adjusted EPS growth guidance to 18%-23% from prior 15%-20%.
Completed $50M partial redemption of 6.75% senior secured notes due 2028; $150M remains.
Amended credit agreement: repriced term loan to SOFR+2.25%, extended maturity to 2033, added $352.5M.

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