Cushman & Wakefield Reports Record Q3 2026 Revenue Driven by Leasing and Capital Markets Growth
Cushman & Wakefield (CWK) delivered a strong third quarter in 2026, reporting record revenue of $2.8 billion, an 8% increase year-over-year. The growth was primarily fueled by double-digit expansions in both the leasing and capital markets service lines, with global leasing revenue rising 15%. Adjusted EBITDA grew 16% to $183.7 million, benefiting from improved operating leverage across its global platform. The company also demonstrated significant balance sheet strengthening, reducing net leverage to 2.9x following the repayment of over $800 million in debt since early 2024. While performance was robust in the Americas and APAC regions, EMEA saw a 13% decline in adjusted EBITDA due to macroeconomic uncertainty in major markets like the U.K. and France. Management confirmed full-year guidance for revenue growth between 6% and 8%.
Tickers: $CWK
Topics: debt redemption EBITDA EPS free cash flow revenue growth