Cushman & Wakefield Ltd. · NYSE:CWK
Cushman & Wakefield — FY2025 Earnings Presentation
5 slides from Cushman & Wakefield's earnings presentation, Apr 8, 2026
Slide 1: Notes and Non-GAAP Financial Measures
Exhibit 99.1 Cushman & Wakefield Ltd. Notes and Non-GAAP Financial Measures Notes Use of Non-GAAP Financial Measures During the periods presented in this supplemental, we had the following adjustments: Adjustments to GAAP Financial Measures Used to Calculate Adjusted EBITDA On April 8, 2026, Cushman
Slide 2: Consolidated Results
Cushman & Wakefield Ltd. Consolidated Results ($ in millions) (unaudited) Q1 2024 Q2 2024 Q3 2024 Q4 2024 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 2025 Revenue: Services 1,550.7$ 1,561.4$ 1,569.7$ 1,621.8$ 6,303.5$ 1,603.6$ 1,668.0$ 1,737.0$ 1,812.2$ 6,820.8$ Leasing 387.7 456.5 498.7 630.2 1,973.2 418.
Slide 3: Segment Results
Cushman & Wakefield Ltd. Segment Results ($ in millions) (unaudited) Q1 2024 Q2 2024 Q3 2024 Q4 2024 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 2025 CONSOLIDATED Revenue: Services 1,550.7$ 1,561.4$ 1,569.7$ 1,621.8$ 6,303.5$ 1,603.6$ 1,668.0$ 1,737.0$ 1,812.2$ 6,820.8$ Leasing 387.7 456.5 498.7 630.2 1,97
Slide 4: Segment Results (continued)
Cushman & Wakefield Ltd. Segment Results (continued) ($ in millions) (unaudited) Q1 2024 Q2 2024 Q3 2024 Q4 2024 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 2025 EMEA Revenue: Services 109.1$ 107.6$ 106.6$ 131.5$ 454.7$ 105.0$ 129.5$ 131.2$ 154.3$ 519.9$ Leasing 53.7 54.0 50.7 68.9 227.3 39.4 61.7 58.1 80.
Slide 5: Reconciliation of Net income (loss) to Adjusted EBITDA
Cushman & Wakefield Ltd. Reconciliation of Net income (loss) to Adjusted EBITDA ($ in millions) (unaudited) Q1 2024 Q2 2024 Q3 2024 Q4 2024 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 2025 Net income (loss) (28.8)$ 13.5$ 33.7$ 112.9$ 131.3$ 1.9$ 57.3$ 51.4$ (22.4)$ 88.2$ Adjustments: Depreciation and amort