Cushman & Wakefield Q2 revenue rises on leasing strength, lifts 2026 profit growth target

Cushman & Wakefield

05/08/2026 12:25

Overview
US commercial real estate services firm's Q2 revenue rose 11% yr/yr, driven by leasing and services
Adjusted EPS for Q2 met analyst expectations; adjusted net income and EBITDA both beat estimates
Company raised 2026 adjusted EPS growth guidance to 18%-23% from 15%-20%

Outlook
Cushman & Wakefield raises 2026 annual Adjusted EPS growth target to 18%-23%, from 15%-20%

Result Drivers
LEASING REVENUE SURGE - Q2 leasing revenue rose 27%, driven by growth in the Americas across all deal sizes, with continued strength in office and industrial leasing, including data centers
SERVICES MOMENTUM - Services revenue increased 8%, led by higher facilities management and project management revenue, supported by new client wins and expansion of existing mandates
CAPITAL MARKETS DECLINE - Capital markets revenue fell 6% in the Americas, mainly due to fewer mid-sized transactions in the multi-family sector, partially offset by strength in EMEA and APAC

Company press release: ID:nBw1lDYCta

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
 
$2.76 bln
 
Q2 Adjusted EPS
Meet
$0.35
$0.35 (10 Analysts)
Q2 EPS
 
$0.22
 
Q2 Adjusted Net Income
Beat
$83.60 mln
$81.68 mln (6 Analysts)
Q2 Net Income
 
$52.70 mln
 
Q2 Adjusted EBITDA
Beat
$183.60 mln
$175.72 mln (8 Analysts)
Q2 Operating income
Miss
$134.20 mln
$141.29 mln (5 Analysts)

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy", 4 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the real estate services peer group is "buy"
Wall Street's median 12-month price target for Cushman & Wakefield Ltd is $18.00, about 27.8% above its August 4 closing price of $14.08
The stock recently traded at 9 times the next 12-month earnings vs. a P/E of 9 three months ago

Reuters Recommended Reads
Aug 4 - Kimco Realty lifts annual profit forecast, beats quarterly revenue estimates on strong leasing demand
Aug 4 - Compass Q2 revenue rises beats analyst estimates on cost synergies
Aug 5 - Iron Mountain Q2 revenue beats on strong data center demand

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)