Groowe Groowe BETA / Newsroom
⏱ News is delayed by 15 minutes. Sign in for real-time access. Sign in

Form 8-K

sec.gov

8-K — Cushman & Wakefield Ltd.

Accession: 0001628369-26-000050

Filed: 2026-04-08

Period: 2026-04-08

CIK: 0001628369

SIC: 6500 (REAL ESTATE)

Item: Regulation FD Disclosure

Item: Financial Statements and Exhibits

Documents

8-K — cwk-20260408.htm (Primary)

EX-99.1 (exhibit991-recast.htm)

GRAPHIC (exhibit991-recast001.jpg)

GRAPHIC (exhibit991-recast002.jpg)

GRAPHIC (exhibit991-recast003.jpg)

GRAPHIC (exhibit991-recast004.jpg)

GRAPHIC (exhibit991-recast005.jpg)

XML — IDEA: XBRL DOCUMENT (R1.htm)

8-K

8-K (Primary)

Filename: cwk-20260408.htm · Sequence: 1

cwk-20260408

0001628369false00016283692026-04-082026-04-08

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

_____________________________

FORM 8-K

_____________________________

CURRENT REPORT

Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): April 8, 2026

_____________________________

Cushman & Wakefield Ltd.

(Exact name of registrant as specified in its charter)

_____________________________

Bermuda 001-38611 98-1896559

(State or other jurisdiction of

incorporation) (Commission File Number) (IRS Employer

Identification No.)

Clarendon House, 2 Church Street

Hamilton HM 11, Bermuda

(Address of principal executive offices) (Zip Code)

+1 441 295 1422

(Registrant’s telephone number, including area code)

Not applicable

(Former name or former address, if changed since last report.)

_____________________________

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class Trading Symbol(s) Name of each exchange on which registered

Common Shares, $0.10 par value CWK New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 7.01 Regulation FD Disclosure.

On April 8, 2026, Cushman & Wakefield Ltd. (the “Company”) made available certain recast historical financial information for quarterly periods within 2024 and 2025 on the Investor Relations section of its website at https://ir.cushmanwakefield.com, a copy of which is attached hereto as Exhibit 99.1 to this Current Report on Form 8-K.

Effective January 1, 2026, the Company will no longer report “service line fee revenue”, as well as the following non-GAAP financial measures: (i) Adjusted EBITDA margin, (ii) Segment operating expenses and (iii) Fee-based operating expenses. The Company also revised the definition of “Cost of gross contract reimbursables” to include reimbursed costs including client-dedicated labor, subcontractor costs and third-party consumables specific to cost-based client contracts. Such costs will now be reported as “Gross contract costs” and comparative periods have been recast to conform with the revised presentation and definition. These costs are presented on a gross basis in total costs and expenses (with the corresponding fees included in revenue) and primarily relate to Services. The changes are intended to better align the Company’s reporting of financial performance with industry competitors and enhance decision making by the Company’s management. In addition, the Company refined the allocation of corporate costs to better align with results from our reportable segments, which impacted previously reported Net income (loss) and Adjusted EBITDA by segment with no impact to consolidated results. The reporting changes have no impact on the Company’s total revenue, consolidated net income (loss), earnings (loss) per share or cash flows for any of the previously reported periods.

The recast financial information furnished in Exhibit 99.1 hereto is included for supplemental purposes only. The information furnished in this Item 7.01, including Exhibit 99.1 hereto, shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as expressly set forth by specific reference in such filing.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits

Exhibit No.

Description

99.1 *

Recast Historical Financial Information, April 2026

104 Cover Page Interactive Data File (formatted as Inline XBRL)

* Furnished herewith.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

CUSHMAN & WAKEFIELD LTD.

Date: April 8, 2026

/s/ Laurida Sayed

Laurida Sayed

Chief Accounting Officer

EX-99.1

EX-99.1

Filename: exhibit991-recast.htm · Sequence: 2

exhibit991-recast

Exhibit 99.1 Cushman & Wakefield Ltd. Notes and Non-GAAP Financial Measures Notes Use of Non-GAAP Financial Measures     During the periods presented in this supplemental, we had the following adjustments: Adjustments to GAAP Financial Measures Used to Calculate Adjusted EBITDA On April 8, 2026, Cushman & Wakefield Ltd. (the “Company”) made available certain recast historical financial information for quarterly periods within 2024 and 2025. Effective January 1, 2026, the Company will no longer report “service line fee revenue”, as well as the following non-GAAP financial measures: (i) Adjusted EBITDA margin, (ii) Segment operating expenses and (iii) Fee-based operating expenses. The Company also revised the definition of “Cost of gross contract reimbursables” to include reimbursed costs including client-dedicated labor, subcontractor costs and third-party consumables specific to cost-based client contracts. Such costs will now be reported as “Gross contract costs” and comparative periods have been recast to conform with the revised presentation and definition. These costs are presented on a gross basis in total costs and expenses (with the corresponding fees included in revenue) and primarily relate to Services. The changes are intended to better align the Company’s reporting of financial performance with industry competitors and enhance decision making by the Company’s management. In addition, the Company refined the allocation of corporate costs to better align with results from our reportable segments, which impacted previously reported Net income (loss) and Adjusted EBITDA by segment with no impact to consolidated results. The reporting changes have no impact on the Company’s total revenue, consolidated net income (loss), earnings (loss) per share or cash flows for any of the previously reported periods. The following tables have been presented as supplemental financial information to provide investors with a view of historical results based on the new definition of Gross contract costs and new presentation of segment results. This information is unaudited. Adjusted earnings before interest, taxes, depreciation and amortization (“Adjusted EBITDA”) is considered a “non-GAAP financial measure” under SEC guidelines. Management principally uses this non-GAAP financial measure to evaluate operating performance, develop budgets and forecasts, improve comparability of results and assist our investors in analyzing the underlying performance of our business. This measure is not a measurement recognized under U.S. generally accepted accounting principles (“GAAP”). When analyzing our operating results, investors should use this in addition to, but not as an alternative for, the most directly comparable financial results calculated and presented in accordance with GAAP. Because the Company’s calculation of this non-GAAP financial measure may differ from other companies, our presentation of this measure may not be comparable to similarly titled measures of other companies. The Company believes that this measure provides a more complete understanding of ongoing operations, enhances comparability of current results to prior periods and may be useful for investors to analyze our financial performance. This measure eliminates the impact of certain items that may obscure trends in the underlying performance of our business. The Company believes that this measure is useful to investors for the additional purposes described below. Adjusted EBITDA: We have determined Adjusted EBITDA to be our primary measure of segment profitability pursuant to the Financial Accounting Standards Board's Accounting Standards Codification Topic 280, Segment Reporting , and accordingly, such measure reported on a segment basis is not considered a non-GAAP financial measure. We believe that investors find this measure useful in comparing our operating performance to that of other companies in our industry because these calculations generally eliminate unrealized loss (gain) on investments, net, impairment of investments, loss (gain) on dispositions, net, acquisition related costs, cost savings initiatives, system implementation costs, (gain) loss from insurance proceeds, net of legal fees, non- operating items related to the Cushman Wakefield Greystone LLC (the “Greystone JV”) and other non-recurring items. Adjusted EBITDA also excludes the effects of financings, income taxes and the non-cash accounting effects of depreciation and intangible asset amortization. (Gain) loss from insurance proceeds, net of legal fees represents one-time gains related to certain contingent events, such as insurance recoveries, which are not considered ordinary course and which are only recorded once realized or realizable, net of related legal fees or estimated settlements. We exclude such net gains from the calculation of Adjusted EBITDA to improve the comparability of our operating results for the current period to prior and future periods. Non-operating items related to the Greystone JV reflects certain non-operating activity presented within earnings (loss) from equity method investments related to the Greystone JV for (i) gains recognized from the retention of mortgage servicing rights (“MSRs”) upon the origination and sale of mortgage loans, (ii) increases or decreases in the fair value of the MSRs and (iii) estimated provisions for credit losses related to mortgage loans. This activity is specific to the Greystone JV rather than all of the Company’s equity method investments based on the Greystone JV’s specialized industry, namely, multi-family lending and loan servicing solutions. Starting in the second quarter of 2025, the Company has excluded such activity from the calculation of Adjusted EBITDA as it is non- cash in nature and does not represent the underlying operating performance of the business. This activity is reported entirely within the Americas reportable segment. Unrealized loss (gain) on investments, net represents net unrealized gains and losses on fair value investments. Impairment of investments reflects certain one-time impairment charges related to investments, equity method investments or other assets. Loss (gain) on dispositions, net reflects net gains and losses on the sale or disposition of businesses or investments as well as other transaction costs associated with the sales, which are not indicative of our core operating results given the low frequency of business dispositions by the Company. Acquisition related costs includes certain direct costs incurred in connection with acquiring businesses. Cost savings initiatives primarily reflects severance and other one-time employment-related separation costs related to actions to reduce headcount across select roles to help optimize our workforce given the challenging macroeconomic conditions and operating environment, as well as property lease rationalizations. These actions continued through September 30, 2024. System implementation costs includes costs incurred related to transformative system implementations that may take several years to complete.

Cushman & Wakefield Ltd. Consolidated Results ($ in millions) (unaudited) Q1 2024 Q2 2024 Q3 2024 Q4 2024 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 2025 Revenue: Services 1,550.7$ 1,561.4$ 1,569.7$ 1,621.8$ 6,303.5$ 1,603.6$ 1,668.0$ 1,737.0$ 1,812.2$ 6,820.8$ Leasing 387.7 456.5 498.7 630.2 1,973.2 418.4 493.1 544.7 666.7 2,122.9 Capital markets 142.1 163.6 170.0 248.0 723.7 157.9 207.8 205.2 289.0 859.8 Valuation and other 104.3 106.5 105.8 129.5 446.1 104.7 115.0 119.0 145.9 484.7 Total revenue 2,184.8$ 2,288.0$ 2,344.2$ 2,629.5$ 9,446.5$ 2,284.6$ 2,483.9$ 2,605.9$ 2,913.8$ 10,288.2$ Costs and expenses: Gross contract costs(1) 908.6$ 940.0$ 944.3$ 994.2$ 3,787.1$ 979.7$ 1,031.4$ 1,088.7$ 1,139.8$ 4,239.7$ Cost of services provided to clients 923.9 934.8 967.5 1,106.9 3,933.1 920.6 985.2 1,063.3 1,199.5 4,168.5 Total costs of services 1,832.5 1,874.8 1,911.8 2,101.1 7,720.2 1,900.3 2,016.6 2,152.0 2,339.3 8,408.2 Operating, administrative and other 296.0 294.2 314.2 319.7 1,224.1 305.8 318.3 320.6 372.1 1,317.2 Depreciation and amortization 32.5 31.2 28.9 29.6 122.2 26.7 26.2 25.8 25.5 104.2 Restructuring, impairment and related charges 5.0 17.4 14.1 4.6 41.1 6.5 - - - 6.1 Total costs and expenses 2,166.0 2,217.6 2,269.0 2,455.0 9,107.6 2,239.3 2,361.1 2,498.4 2,736.9 9,835.7 Operating income 18.8 70.4 75.2 174.5 338.9 45.3 122.8 107.5 176.9 452.5 Interest expense, net of interest income (58.7) (60.8) (54.9) (55.5) (229.9) (52.3) (53.2) (56.0) (54.7) (216.2) Earnings (loss) from equity method investments 11.7 4.3 12.1 9.3 37.4 11.1 0.2 (8.6) (171.0) (168.3) Other income, net 1.7 3.3 20.6 3.8 29.4 0.9 6.4 2.2 36.7 46.2 Earnings (loss) before income taxes (26.5) 17.2 53.0 132.1 175.8 5.0 76.2 45.1 (12.1) 114.2 Provision for income taxes 2.3 3.7 19.3 19.2 44.5 3.1 18.9 (6.3) 10.3 26.0 Net income (loss) (28.8)$ 13.5$ 33.7$ 112.9$ 131.3$ 1.9$ 57.3$ 51.4$ (22.4)$ 88.2$ Adjusted EBITDA 78.1$ 138.9$ 142.5$ 222.3$ 581.9$ 96.2$ 161.7$ 159.6$ 238.7$ 656.2$ General Note: Due to rounding, numbers presented throughout this document may not add up precisely to the totals provided and percentages may not precisely reflect the absolute figures. (1) Gross contract costs represents reimbursed client costs including client-dedicated labor, subcontractor costs and third-party consumables. These costs are presented on a gross basis in total costs and expenses (with the corresponding fees in revenue) and primarily relate to Services.

Cushman & Wakefield Ltd. Segment Results ($ in millions) (unaudited) Q1 2024 Q2 2024 Q3 2024 Q4 2024 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 2025 CONSOLIDATED Revenue: Services 1,550.7$ 1,561.4$ 1,569.7$ 1,621.8$ 6,303.5$ 1,603.6$ 1,668.0$ 1,737.0$ 1,812.2$ 6,820.8$ Leasing 387.7 456.5 498.7 630.2 1,973.2 418.4 493.1 544.7 666.7 2,122.9 Capital markets 142.1 163.6 170.0 248.0 723.7 157.9 207.8 205.2 289.0 859.8 Valuation and other 104.3 106.5 105.8 129.5 446.1 104.7 115.0 119.0 145.9 484.7 Total revenue 2,184.8$ 2,288.0$ 2,344.2$ 2,629.5$ 9,446.5$ 2,284.6$ 2,483.9$ 2,605.9$ 2,913.8$ 10,288.2$ Gross contract costs(1) 908.6$ 940.0$ 944.3$ 994.2$ 3,787.1$ 979.7$ 1,031.4$ 1,088.7$ 1,139.8$ 4,239.7$ Cost of services provided to clients 923.9 934.8 967.5 1,106.9 3,933.1 920.6 985.2 1,063.3 1,199.5 4,168.5 Operating, administrative and other 296.0 294.2 314.2 319.7 1,224.1 305.8 318.3 320.6 372.1 1,317.2 Segment expenses 2,128.5 2,169.0 2,226.0 2,420.8 8,944.3 2,206.1 2,334.9 2,472.6 2,711.4 9,725.4 Add: Other segment items(2) 21.8 19.9 24.3 13.6 79.7 17.7 12.7 26.3 36.3 93.4 Adjusted EBITDA 78.1$ 138.9$ 142.5$ 222.3$ 581.9$ 96.2$ 161.7$ 159.6$ 238.7$ 656.2$ AMERICAS Revenue: Services 1,167.8$ 1,183.4$ 1,170.6$ 1,183.1$ 4,705.1$ 1,186.7$ 1,202.1$ 1,271.2$ 1,303.9$ 4,964.0$ Leasing 305.5 358.3 401.8 494.7 1,560.3 346.3 388.0 443.5 518.0 1,695.8 Capital markets 111.6 132.7 139.0 183.3 566.6 115.9 171.7 161.5 218.9 668.0 Valuation and other 36.1 39.0 39.1 51.8 166.0 39.4 42.3 46.9 54.7 183.3 Total revenue 1,621.0$ 1,713.4$ 1,750.5$ 1,912.9$ 6,998.0$ 1,688.3$ 1,804.1$ 1,923.1$ 2,095.5$ 7,511.1$ Gross contract costs(1) 770.6$ 784.2$ 783.8$ 806.2$ 3,144.7$ 808.6$ 818.2$ 886.9$ 917.9$ 3,431.6$ Cost of services provided to clients 607.4 643.0 662.8 750.8 2,664.1 601.7 675.9 715.6 803.5 2,796.4 Operating, administrative and other 200.1 193.2 209.0 207.0 809.2 211.5 212.6 216.1 231.0 871.4 Segment expenses 1,578.1 1,620.4 1,655.6 1,764.0 6,618.0 1,621.8 1,706.7 1,818.6 1,952.4 7,099.4 Add: Other segment items(2) 19.2 13.9 14.2 0.7 47.9 11.1 12.9 19.7 18.3 61.8 Adjusted EBITDA 62.1$ 106.9$ 109.1$ 149.6$ 427.9$ 77.6$ 110.3$ 124.2$ 161.4$ 473.5$ General Note: Due to rounding, numbers presented throughout this document may not add up precisely to the totals provided and percentages may not precisely reflect the absolute figures. (2) Other segment items include earnings (loss) from equity method investments, as well as certain non-GAAP adjustments for unusual, non-recurring or non-operating items used to calculate Adjusted EBITDA. (1) Gross contract costs represents reimbursed client costs including client-dedicated labor, subcontractor costs and third-party consumables. These costs are presented on a gross basis in total costs and expenses (with the corresponding fees in revenue) and primarily relate to Services.

Cushman & Wakefield Ltd. Segment Results (continued) ($ in millions) (unaudited) Q1 2024 Q2 2024 Q3 2024 Q4 2024 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 2025 EMEA Revenue: Services 109.1$ 107.6$ 106.6$ 131.5$ 454.7$ 105.0$ 129.5$ 131.2$ 154.3$ 519.9$ Leasing 53.7 54.0 50.7 68.9 227.3 39.4 61.7 58.1 80.0 239.2 Capital markets 15.6 19.2 20.2 36.6 91.5 18.0 23.7 24.3 43.6 109.6 Valuation and other 44.0 41.1 42.4 52.2 179.7 42.6 44.9 46.5 62.8 196.8 Total revenue 222.4$ 221.9$ 219.9$ 289.2$ 953.2$ 205.0$ 259.8$ 260.1$ 340.7$ 1,065.5$ Gross contract costs(1) 32.1$ 33.0$ 33.2$ 43.1$ 141.5$ 33.9$ 37.5$ 37.3$ 44.0$ 152.7$ Cost of services provided to clients 125.2 117.1 113.4 139.0 494.7 116.0 134.0 142.9 176.0 569.0 Operating, administrative and other 54.1 56.0 60.2 71.6 241.8 52.2 47.6 62.8 86.1 248.6 Segment expenses 211.4 206.1 206.8 253.7 878.0 202.1 219.1 243.0 306.1 970.3 Add: Other segment items(2) (0.2) (1.0) 1.0 5.9 5.9 0.8 (6.5) 2.9 14.8 12.1 Adjusted EBITDA 10.8$ 14.8$ 14.1$ 41.4$ 81.1$ 3.7$ 34.2$ 20.0$ 49.4$ 107.3$ APAC Revenue: Services 273.8$ 270.4$ 292.5$ 307.2$ 1,143.7$ 311.9$ 336.4$ 334.6$ 354.0$ 1,336.9$ Leasing 28.5 44.2 46.2 66.6 185.6 32.7 43.4 43.1 68.7 187.9 Capital markets 14.9 11.7 10.8 28.1 65.6 24.0 12.4 19.4 26.5 82.2 Valuation and other 24.2 26.4 24.3 25.5 100.4 22.7 27.8 25.6 28.4 104.6 Total revenue 341.4$ 352.7$ 373.8$ 427.4$ 1,495.3$ 391.3$ 420.0$ 422.7$ 477.6$ 1,711.6$ Gross contract costs(1) 105.9$ 122.8$ 127.3$ 144.9$ 500.9$ 137.2$ 175.7$ 164.5$ 177.9$ 655.4$ Cost of services provided to clients 191.3 174.7 191.3 217.1 774.3 202.9 175.3 204.8 220.0 803.1 Operating, administrative and other 41.8 45.0 45.0 41.1 173.1 42.1 58.1 41.7 55.0 197.2 Segment expenses 339.0 342.5 363.6 403.1 1,448.3 382.2 409.1 411.0 452.9 1,655.7 Add: Other segment items(2) 2.8 7.0 9.1 7.0 25.9 5.8 6.3 3.7 3.2 19.5 Adjusted EBITDA 5.2$ 17.2$ 19.3$ 31.3$ 72.9$ 14.9$ 17.2$ 15.4$ 27.9$ 75.4$ General Note: Due to rounding, numbers presented throughout this document may not add up precisely to the totals provided and percentages may not precisely reflect the absolute figures. (2) Other segment items include earnings (loss) from equity method investments, as well as certain non-GAAP adjustments for unusual, non-recurring or non-operating items used to calculate Adjusted EBITDA. (1) Gross contract costs represents reimbursed client costs including client-dedicated labor, subcontractor costs and third-party consumables. These costs are presented on a gross basis in total costs and expenses (with the corresponding fees in revenue) and primarily relate to Services.

Cushman & Wakefield Ltd. Reconciliation of Net income (loss) to Adjusted EBITDA ($ in millions) (unaudited) Q1 2024 Q2 2024 Q3 2024 Q4 2024 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 2025 Net income (loss) (28.8)$ 13.5$ 33.7$ 112.9$ 131.3$ 1.9$ 57.3$ 51.4$ (22.4)$ 88.2$ Adjustments: Depreciation and amortization 32.5 31.2 28.9 29.6 122.2 26.7 26.2 25.8 25.5 104.2 Interest expense, net of interest income 58.7 60.8 54.9 55.5 229.9 52.3 53.2 56.0 54.7 216.2 Provision for (benefit from) income taxes 2.3 3.7 19.3 19.2 44.5 3.1 18.9 (6.3) 10.3 26.0 Unrealized loss (gain) on investments, net 1.0 0.7 (0.9) - 0.8 0.7 (0.3) 0.3 (26.8) (26.1) Impairment of investments - - - - - 6.5 - - 177.0 183.5 Loss (gain) on dispositions, net - 14.0 5.5 (1.1) 18.4 - - - 1.1 1.1 Acquisition related costs - - - - - 0.4 - - 0.4 0.8 Cost savings initiatives 7.2 10.2 11.5 - 28.9 - - - - - System implementation costs - - - - - - 2.3 1.6 1.7 5.6 (Gain) loss from insurance proceeds, net of legal fees - - (16.5) - (16.5) - - 2.7 - 2.7 Non-operating items related to the Greystone JV - - - - - - 10.6 24.0 2.8 37.4 Other 5.2 4.8 6.1 6.2 22.4 4.6 (6.5) 4.1 14.4 16.6 Adjusted EBITDA 78.1$ 138.9$ 142.5$ 222.3$ 581.9$ 96.2$ 161.7$ 159.6$ 238.7$ 656.2$ General Note: Due to rounding, numbers presented throughout this document may not add up precisely to the totals provided and percentages may not precisely reflect the absolute figures.

GRAPHIC

GRAPHIC

Filename: exhibit991-recast001.jpg · Sequence: 6

Binary file (284552 bytes)

Download exhibit991-recast001.jpg

GRAPHIC

GRAPHIC

Filename: exhibit991-recast002.jpg · Sequence: 7

Binary file (149951 bytes)

Download exhibit991-recast002.jpg

GRAPHIC

GRAPHIC

Filename: exhibit991-recast003.jpg · Sequence: 8

Binary file (186701 bytes)

Download exhibit991-recast003.jpg

GRAPHIC

GRAPHIC

Filename: exhibit991-recast004.jpg · Sequence: 9

Binary file (177808 bytes)

Download exhibit991-recast004.jpg

GRAPHIC

GRAPHIC

Filename: exhibit991-recast005.jpg · Sequence: 10

Binary file (95897 bytes)

Download exhibit991-recast005.jpg

XML — IDEA: XBRL DOCUMENT

XML

Filename: R1.htm · Sequence: 12

v3.26.1

Document and Entity Information Document

Apr. 08, 2026

Cover [Abstract]

Document Type

8-K

Document Period End Date

Apr. 08, 2026

Registrant Name

Cushman & Wakefield Ltd.

Entity Incorporation, State or Country Code

D0

Entity File Number

001-38611

Entity Tax Identification Number

98-1896559

Entity Address, Address Line One

Clarendon House

Entity Address, Address Line Two

2 Church Street

Entity Address, City or Town

Hamilton

Entity Address, Postal Zip Code

HM 11

Entity Address, Country

BM

Country Region

+1

City Area Code

441

Local Phone Number

295 1422

Written Communications

false

Soliciting Material

false

Pre-commencement Tender Offer

false

Pre-commencement Issuer Tender Offer

false

Title of 12(b) Security

Common Shares, $0.10 par value

Trading Symbol

CWK

Security Exchange Name

NYSE

Entity Emerging Growth Company

false

Central Index Key

0001628369

Amendment Flag

false

X

- Definition

Boolean flag that is true when the XBRL content amends previously-filed or accepted submission.

+ References

No definition available.

+ Details

Name:

dei_AmendmentFlag

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

na

Period Type:

duration

X

- Definition

Area code of city

+ References

No definition available.

+ Details

Name:

dei_CityAreaCode

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

na

Period Type:

duration

X

- Definition

Region code of country

+ References

No definition available.

+ Details

Name:

dei_CountryRegion

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

na

Period Type:

duration

X

- Definition

Cover page.

+ References

No definition available.

+ Details

Name:

dei_CoverAbstract

Namespace Prefix:

dei_

Data Type:

xbrli:stringItemType

Balance Type:

na

Period Type:

duration

X

- Definition

For the EDGAR submission types of Form 8-K: the date of the report, the date of the earliest event reported; for the EDGAR submission types of Form N-1A: the filing date; for all other submission types: the end of the reporting or transition period. The format of the date is YYYY-MM-DD.

+ References

No definition available.

+ Details

Name:

dei_DocumentPeriodEndDate

Namespace Prefix:

dei_

Data Type:

xbrli:dateItemType

Balance Type:

na

Period Type:

duration

X

- Definition

The type of document being provided (such as 10-K, 10-Q, 485BPOS, etc). The document type is limited to the same value as the supporting SEC submission type, or the word 'Other'.

+ References

No definition available.

+ Details

Name:

dei_DocumentType

Namespace Prefix:

dei_

Data Type:

dei:submissionTypeItemType

Balance Type:

na

Period Type:

duration

X

- Definition

Address Line 1 such as Attn, Building Name, Street Name

+ References

No definition available.

+ Details

Name:

dei_EntityAddressAddressLine1

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

na

Period Type:

duration

X

- Definition

Address Line 2 such as Street or Suite number

+ References

No definition available.

+ Details

Name:

dei_EntityAddressAddressLine2

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

na

Period Type:

duration

X

- Definition

Name of the City or Town

+ References

No definition available.

+ Details

Name:

dei_EntityAddressCityOrTown

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

na

Period Type:

duration

X

- Definition

ISO 3166-1 alpha-2 country code.

+ References

No definition available.

+ Details

Name:

dei_EntityAddressCountry

Namespace Prefix:

dei_

Data Type:

dei:countryCodeItemType

Balance Type:

na

Period Type:

duration

X

- Definition

Code for the postal or zip code

+ References

No definition available.

+ Details

Name:

dei_EntityAddressPostalZipCode

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

na

Period Type:

duration

X

- Definition

A unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

+ Details

Name:

dei_EntityCentralIndexKey

Namespace Prefix:

dei_

Data Type:

dei:centralIndexKeyItemType

Balance Type:

na

Period Type:

duration

X

- Definition

Indicate if registrant meets the emerging growth company criteria.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

+ Details

Name:

dei_EntityEmergingGrowthCompany

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

na

Period Type:

duration

X

- Definition

Commission file number. The field allows up to 17 characters. The prefix may contain 1-3 digits, the sequence number may contain 1-8 digits, the optional suffix may contain 1-4 characters, and the fields are separated with a hyphen.

+ References

No definition available.

+ Details

Name:

dei_EntityFileNumber

Namespace Prefix:

dei_

Data Type:

dei:fileNumberItemType

Balance Type:

na

Period Type:

duration

X

- Definition

Two-character EDGAR code representing the state or country of incorporation.

+ References

No definition available.

+ Details

Name:

dei_EntityIncorporationStateCountryCode

Namespace Prefix:

dei_

Data Type:

dei:edgarStateCountryItemType

Balance Type:

na

Period Type:

duration

X

- Definition

The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

+ Details

Name:

dei_EntityRegistrantName

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

na

Period Type:

duration

X

- Definition

The Tax Identification Number (TIN), also known as an Employer Identification Number (EIN), is a unique 9-digit value assigned by the IRS.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

+ Details

Name:

dei_EntityTaxIdentificationNumber

Namespace Prefix:

dei_

Data Type:

dei:employerIdItemType

Balance Type:

na

Period Type:

duration

X

- Definition

Local phone number for entity.

+ References

No definition available.

+ Details

Name:

dei_LocalPhoneNumber

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

na

Period Type:

duration

X

- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 13e

-Subsection 4c

+ Details

Name:

dei_PreCommencementIssuerTenderOffer

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

na

Period Type:

duration

X

- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 14d

-Subsection 2b

+ Details

Name:

dei_PreCommencementTenderOffer

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

na

Period Type:

duration

X

- Definition

Title of a 12(b) registered security.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b

+ Details

Name:

dei_Security12bTitle

Namespace Prefix:

dei_

Data Type:

dei:securityTitleItemType

Balance Type:

na

Period Type:

duration

X

- Definition

Name of the Exchange on which a security is registered.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection d1-1

+ Details

Name:

dei_SecurityExchangeName

Namespace Prefix:

dei_

Data Type:

dei:edgarExchangeCodeItemType

Balance Type:

na

Period Type:

duration

X

- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as soliciting material pursuant to Rule 14a-12 under the Exchange Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 14a

-Subsection 12

+ Details

Name:

dei_SolicitingMaterial

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

na

Period Type:

duration

X

- Definition

Trading symbol of an instrument as listed on an exchange.

+ References

No definition available.

+ Details

Name:

dei_TradingSymbol

Namespace Prefix:

dei_

Data Type:

dei:tradingSymbolItemType

Balance Type:

na

Period Type:

duration

X

- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as written communications pursuant to Rule 425 under the Securities Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Securities Act

-Number 230

-Section 425

+ Details

Name:

dei_WrittenCommunications

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

na

Period Type:

duration