Cushman & Wakefield Ltd. (CWK) FY2025 10-K Annual Report

Filed: Feb 19, 2026
Real Estate
Real EstateSEC EDGAR

Cushman & Wakefield Ltd. (CWK) 10-K annual report for fiscal year 2025, filed with SEC EDGAR on Feb 19, 2026. This page provides AI-powered analysis including business overview, management discussion & analysis (MD&A), risk factors, and key financial data such as revenue, net income, gross margin, operating margin, and return on equity (ROE) extracted from XBRL.

Cushman & Wakefield Ltd. FY2025 10-K Analysis

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
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Management Discussion & Analysis

  • Revenue and YoY change not disclosed in provided text
  • No profitability or margin figures mentioned
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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
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Cushman & Wakefield Ltd. FY2025 Key Financial Metrics
XBRL

Revenue

$10.3B

+8.9% YoY

Net Income

$88M

-32.8% YoY

Operating Margin

4.4%

+81bp YoY

Net Margin

0.9%

-53bp YoY

ROE

4.5%

-297bp YoY

Total Assets

$7.7B

+1.7% YoY

EPS (Diluted)

$0.38

-32.1% YoY

Operating Cash Flow

$340M

+63.7% YoY

Source: XBRL data from Cushman & Wakefield Ltd. FY2025 10-K filing on SEC EDGAR. All figures in USD.

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