CWK at a glance
Cushman & Wakefield Ltd. (CWK, SEC CIK 1628369) filed its latest 10-K annual report on February 19, 2026, a 10-Q quarterly report on August 5, 2026, an 8-K current report on September 15, 2026 and Form 4 insider filings as recently as October 2, 2026. SignalX summarizes each filing with AI and tracks the company's insider trades and institutional holders.
- For the fiscal year ended December 31, 2025 (FY2025), Cushman & Wakefield Ltd. (CWK) reported revenue of $10.3 billion (up 8.9% from FY2024) and net income of $88.2 million. Diluted EPS was $0.38.
- As of September 30, 2025, 29 institutional investment managers tracked by SignalX reported holding Cushman & Wakefield Ltd. (CWK) shares worth $2.1 billion in 13F-HR filings.
- The most recent insider open-market sale reported on Form 4 was by Robinson Nathaniel on September 8, 2026 of 12,500 shares at $13.39 per share.
- In the last 90 days, CWK insiders reported 0 open-market purchases ($0) and 2 open-market sales ($389K) on Form 4, a net sale of $389K.
Source: SEC EDGAR (XBRL financial data, 13F-HR and Form 4 filings).
- Revenue · FY2025
- $10.3B
- +8.9% vs prior year
- Insiders · 90 days
- 0 buys · 2 sells
- Net −$389K
- 13F holders
- 29 funds
- $2.1B · +1 vs prior quarter
- Latest 8-K
- Sep 15, 2026
- Item 5.02
AI 10-K Annual Report Analysis
Latest 10-K, fiscal year ended Dec 31, 2025
Business Overview
- Core business: Global commercial real estate services including Services, Leasing, Capital markets, Valuation across 350 offices in 60 countries
- New emphasis on data centers growth driven by increased AI and automation demand, targeted in growth strategy
- Strategic redomiciliation in Nov 2025 to Bermudan holding company, shifting parent company jurisdiction from UK to Bermuda
- Employee count steady at ~53,000 with 67% Americas, 10% EMEA, 23% APAC; Services revenue increased to 66% of total in 2025
- Updated science-based climate targets in 2025: reduce Scope 1 & 2 emissions by 73.12% and Scope 3 by 66.33% by 2034, net zero by 2050
Risk Factors
- Debt repricing reduced interest rates, $300.0M principal prepaid on Term Loans in 2025, Revolver maturity extended to October 2030
- Operating lease obligations total $400.8M, with $113.5M due within 12 months as of December 31, 2025
- A/R Securitization facility with $250.0M max, $120.0M outstanding repaid January 6, 2026, facility expires June 19, 2026
- U.K. defined benefit plans bulk annuity buy-out anticipated in 2026, transferring pension obligations to insurer
- Income tax liabilities total $54.7M, with $29.0M expected cash settlement within one year as of December 31, 2025
Management Discussion & Analysis
- No profitability or margin figures mentioned
- Forward-looking statements noted with risk factors referenced, no specific guidance given
AI summary of the CWK 10-K filed . Generated from the filing text; verify against the original.View on SEC EDGARHow to read a 10-K
AI 10-Q Quarterly Report Analysis
Latest 10-Q, quarter ended Jun 30, 2026
Management Discussion & Analysis
- Revenue $2.763B, up 11% YoY from $2.484B, led by Services and Leasing
- Operating margin 4.9% vs 4.9% YoY; net income $52.7M vs $57.3M
- Best segment Leasing revenue $628.5M, up 27%; weakest Capital markets $206.4M, down 1%
- Liquidity $1.5B, including $0.5B cash and $1.0B revolver availability
- Debt refinancing increased term loan $352.5M and reduced 2028 notes by $450.0M; macroeconomic and geopolitical uncertainties remain headwinds
Risk Factors
- Risk factors unchanged from the 2025 Annual Report
- No newly triggered risk factor disclosed for the quarter
- Credit exposure unchanged; Amendment No. 14 to the Credit Agreement dated June 12, 2026
- Regulatory compliance risk unchanged; quarterly certifications under Sections 302 and 906
- Insider-trading compliance unchanged; no directors or officers adopted or terminated trading arrangements during the quarter
AI summary of the CWK 10-Q filed . Generated from the filing text; verify against the original.View on SEC EDGAR10-K vs 10-Q vs 8-K
AI 8-K Current Report Analysis
The most recent material events, by 8-K item
Item 5.02: Departure/Appointment of Directors or Principal Officers
- Chief Accounting Officer Laurida Sayed resigns effective September 25, 2026, to pursue a new opportunity
- Departure not related to disagreements over company operations, policies, or practices
Item 2.02: Results of Operations and Financial Condition
- Q2 2026 financial results reported by Cushman & Wakefield
- Press release furnished as Exhibit 99.1, containing the detailed operating results
Item 8.01: Other Events
- $50 million partial redemption of 6.750% Senior Secured Notes due May 2028
- $150 million principal remains outstanding after the redemption
Item 7.01: Regulation FD Disclosure
- Second-quarter 2026 earnings call scheduled for August 5, 2026, at 9:00 a.m. Eastern Time
- Webcast and slide presentation available through Cushman & Wakefield’s Investor Relations website
Item EX-99.1: Item EX-99.1
- Q2 revenue $2.8B, up 11%, led by Leasing growth of 27% and Services growth of 8%
- Adjusted EBITDA rose 14% to $183.6M, while net income fell 8% to $52.7M from higher interest and non-operating costs
Item 7.01: Regulation FD Disclosure
- June 15, 2026 press release announced an amendment to existing terms and completion of a partial redemption
- Partial redemption indicates debt reduction, potentially lowering future interest obligations
Item EX-99.1: Item EX-99.1
- $353M term-loan upsizing brings tranche to $1.2B, extending maturity to 2033
- Pricing reduced 50 basis points to Term SOFR plus 2.25% from plus 2.75%
Item 1.01: Entry into a Material Definitive Agreement
- $848M of term loans repriced and extended seven years to 2033, reducing near-term refinancing risk
- $353M increase in 2026-1 Term Loans, raising debt capacity and liquidity but increasing leverage
Item 8.01: Other Events
- $350 million partial redemption of 6.750% Senior Secured Notes completed June 15, 2026
- $200 million principal remains outstanding, reducing 2028 maturity refinancing exposure
AI summaries of CWK 8-K current reports filed with the SEC. What 8-K item codes mean
SignalX for CWK
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Recent Insider Transactions (Form 4)
Latest reported trades by officers, directors and 10% owners
| Insider | Type | Date | Shares | Price |
|---|---|---|---|---|
| PLAVIN STEPHEN D | M | Oct 1, 2026 | 10,874 | - |
| PLAVIN STEPHEN D | M | Oct 1, 2026 | 10,874 | $12.06 |
| Robinson Nathaniel | Sell | Sep 8, 2026 | 12,500 | $13.39 |
| Sayed Laurida | Sell | Aug 13, 2026 | 16,000 | $13.88 |
| Daimler Susan | M | Aug 1, 2026 | 11,873 | $13.42 |
| Daimler Susan | M | Aug 1, 2026 | 11,873 | - |
| Wennes Timothy H | M | Aug 1, 2026 | 11,873 | $13.42 |
| Wennes Timothy H | M | Aug 1, 2026 | 11,873 | - |
Financial SummaryXBRL
| Metric | FY2023 | FY2024 | FY2025 |
|---|---|---|---|
| Profitability | |||
| Revenue | - | $9.4B | $10.3B |
| Operating Income | $205.6M | $338.9M | $452.5M |
| Net Income | -$35.4M | $131.3M | $88.2M |
| Op. Margin | - | 3.6% | 4.4% |
| Net Margin | - | 1.4% | 0.9% |
| Balance Sheet | |||
| Total Assets | - | $7.5B | $7.7B |
| Equity | - | $1.8B | $2.0B |
| ROE | - | 7.5% | 4.5% |
| Per Share | |||
| EPS | $-0.16 | $0.56 | $0.38 |
| Cash Flow | |||
| Operating CF | - | $208.0M | $340.4M |
| CapEx | $51.0M | $41.0M | $47.4M |
Source: XBRL data in Cushman & Wakefield Ltd. (CWK)'s 10-K filings on SEC EDGAR, in USD. Compare across companies →
13F Fund Holdings: Quarterly Trend
Latest: Q3 2025Aggregate CWK share value held by 13F filers tracked by SignalX, by quarter.
Quarterly totals table
| Quarter | Funds | Total value |
|---|---|---|
| Q3 2025 | 29 | $2.08B |
| Q2 2025 | 28 | $1.37B |
| Q1 2025 | 26 | $1.02B |
| Q4 2024 | 22 | $1.07B |
| Q3 2024 | 18 | $470.3M |
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Source: 13F-HR filings on SEC EDGAR (aggregated from 123 fund-quarter rows). Reflects only 13F filers tracked by SignalX, not the full institutional ownership universe. How 13F filings work
CWK filing archive
AI analysis pages for each 10-K, 10-Q and 8-K
10-K annual reports
10-Q quarterly reports
Latest 2026 SEC Filings: 10-K, 10-Q, 8-K & Form 4
| Form | Filing date | Period | Analysis | SEC |
|---|---|---|---|---|
| 4 | Oct 2, 2026 | - | - | - |
| 8-K | Sep 15, 2026 | - | Analysis | - |
| 4 | Sep 10, 2026 | - | - | - |
| 4 | Aug 17, 2026 | - | - | - |
| 10-Q | Aug 5, 2026 | Jun 30, 2026 | Analysis | |
| 8-K | Aug 5, 2026 | - | Analysis | - |
| 4 | Aug 3, 2026 | - | - | - |
| 4 | Aug 3, 2026 | - | - | - |
| 4 | Jul 6, 2026 | - | - | - |
| 4 | Jul 6, 2026 | - | - | - |
| 4 | Jul 6, 2026 | - | - | - |
| 8-K | Jun 15, 2026 | - | Analysis | - |
| 4 | Jun 8, 2026 | - | - | |
| 8-K | Jun 4, 2026 | - | Analysis | |
| SC 13G | Jun 4, 2026 | - | - | |
| 4 | Jun 2, 2026 | - | - | |
| 8-K | May 15, 2026 | - | Analysis | |
| 8-K | May 14, 2026 | - | Analysis | |
| 4 | May 13, 2026 | - | - | |
| 10-Q | May 7, 2026 | Mar 31, 2026 | Analysis | |
| 8-K | May 7, 2026 | - | Analysis | |
| 8-K | May 4, 2026 | - | Analysis | - |
| SC 13G | Apr 29, 2026 | - | - | |
| 8-K | Apr 8, 2026 | - | Analysis | - |
| 4 | Mar 4, 2026 | - | - | - |
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CWK SEC filings: frequently asked questions
Are CWK insiders buying or selling?
In the last 90 days, Cushman & Wakefield Ltd. (CWK) officers, directors and 10% owners reported no open-market purchases and 2 open-market sales worth $389,455 by 2 insiders on Form 4. Many insider sales are pre-planned or for taxes, so purchases usually carry more information.
Which institutions hold CWK stock?
As of September 30, 2025, the largest Cushman & Wakefield Ltd. (CWK) holders among the 13F filers tracked by SignalX were Vanguard Group Inc ($578.0 million), BlackRock ($360.3 million), Dimensional Fund Advisors ($202.8 million), JPMorgan Chase & Co ($175.0 million), State Street Corp ($142.3 million). 13F-HR reports are filed up to 45 days after each quarter ends.
What was CWK's revenue in fiscal year 2025?
For the fiscal year ended December 31, 2025 (FY2025), Cushman & Wakefield Ltd. (CWK) reported revenue of $10.3 billion (up 8.9% from FY2024) and net income of $88.2 million. Diluted EPS was $0.38. The figures come from the XBRL data in the 10-K.
What are the main risks in CWK's latest 10-K?
In the 10-K filed February 19, 2026, Cushman & Wakefield Ltd. (CWK) flagged: Debt repricing reduced interest rates, $300.0M principal prepaid on Term Loans in 2025, Revolver maturity extended to October 2030. Operating lease obligations total $400.8M, with $113.5M due within 12 months as of December 31, 2025. (AI summary of the Risk Factors section.)
What did CWK report in its latest 8-K?
Cushman & Wakefield Ltd. (CWK) filed an 8-K on September 15, 2026 reporting Item 5.02 (Departure/Appointment of Directors or Principal Officers). Chief Accounting Officer Laurida Sayed resigns effective September 25, 2026, to pursue a new opportunity.
What are the latest CWK SEC filings?
Cushman & Wakefield Ltd. (CWK) filed its latest 10-K annual report on February 19, 2026, a 10-Q quarterly report on August 5, 2026, an 8-K current report on September 15, 2026 and a Form 4 insider filing on October 2, 2026.
What is CWK's SEC CIK number?
Cushman & Wakefield Ltd. (CWK)'s SEC Central Index Key (CIK) is 1628369. EDGAR lists every CWK filing under that number.
Ask anything about CWK
The research agent reads CWK's filings, financials, insider trades and 13F holders, then answers with sources.