Short answer
Cushman & Wakefield Ltd. (CWK) filed its Q3 2025 10-Q quarterly report on Oct 30, 2025 for the quarter ended Sep 30, 2025. Quarterly revenue was $2.6B (up 11.2% year over year) with net income of $51M.
Q3 2025 key financials · XBRL
- Revenue
- $2.6B
- +11.2% YoY · +4.9% QoQ
- Net income
- $51M
- +52.5% YoY · −10.3% QoQ
- Operating margin
- 4.1%
- EPS (diluted)
- $0.22
- +46.7% YoY · −8.3% QoQ
Source: XBRL data from the Cushman & Wakefield Ltd. (CWK) Q3 2025 10-Q on SEC EDGAR. USD.
Cushman & Wakefield Ltd. Q3 2025 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- Q3 revenue $2.606B, up 11% from $2.344B YoY
- Adjusted EBITDA margin 9.0% vs 8.7%; net margin 2.0% vs 1.4%
- Best segment Capital markets revenue $204.7M, up 21%; weakest Services revenue $920.2M, up 6%
- Liquidity $1.7B; $0.6B cash and $1.1B undrawn revolver availability
- $150M term-loan prepayment; macroeconomic uncertainty, tariffs and credit-market volatility headwinds
Risk Factors
- New risk: Redomiciliation completion depends on U.K. court approval despite shareholder approval on October 16, 2025
- Most material update: Board may abandon Redomiciliation, potentially triggering negative financial-market reactions and share-price pressure
- Regulatory risk: Failure to obtain required court approvals could prevent the Redomiciliation
- Operational risk: Delays could divert management attention and eliminate anticipated transaction benefits
- Strategic risk: Even after completion, anticipated Redomiciliation benefits may not materialize
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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