Cushman & Wakefield Ltd.
CWK
Jodie read · what matters now
Revenue increased 11.0% versus the comparable filing period.
The story is only the start. Jodie keeps watching the filing evidence, the companies connected to CWK, and whether its market group begins moving.
Latest filing assessment · baseline
The latest filing shows material pressure
10-Q filed 2026-05-07 against the comparable filing from 2025-04-29.
What improved
- Revenue increased 11.0% versus the comparable filing period.
What weakened
- Operating cash flow remained negative at -243.5M.
- Cash declined 22.6M versus the comparable period.
- Net margin fell 0.6 percentage points.
Filing receipts
“Cost of services provided to clients increased $104.8 million or 11%, primarily due to an increase in employment costs of approximately $93.0 million, including higher commissions associated with higher brokerage revenue and higher salaries as a result of higher Services revenue.”
“Cost of services provided to clients of $677.0 million increased $75.3 million or 13% primarily due to higher commissions associated with higher brokerage revenue.”
“Adjusted EBITDA of $6.2 million decreased $8.7 million or 58% compared to the first quarter of 2025, primarily attributable to lower APAC Capital markets revenue, lower earnings recognized from the Onewo JV of $3.5 million, higher employment costs and cost inflation, partially offset by growth in our APAC Leasing service line.”
Retrospective baseline calibration. It was generated after the filing date and is not part of Jodie's live track record.
Who this business touches
The relationships behind CWK
Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.
Depends on
Depended on by
Filing peers
Companies whose filings use similar operating language.
You can see the shape of the network here. Pro opens 4 more links, the original filing receipts, and alerts when connected names begin moving. See Pro →
What is moving around it
Live connections
CWK is currently a Participant in the organic co-movement group Real Estate Services. This group is discovered from market behaviour rather than assigned from an industry taxonomy. 3 filing-linked names are in the relationship map; none is currently confirmed as moving with the group.
Theme membership history
No durable theme membership has been observed for this name yet.