- Cushman & Wakefield reported $2.9B in Q4 revenue, up 11% year over year.
- Full-year revenue reached a record $10.3B, with steady capital markets growth.
- Cushman forecasts 6%–8% annual revenue growth and 20% EPS increase in 2026.
- Valuation and consulting revenue rose 12% as transaction volumes recovered.
Strong Performance in Property Sales Growth
Cushman & Wakefield posted record fourth-quarter and full-year results, underpinned by property sales growth and improved leasing activity, reports CoStar. The brokerage reported $2.9B in Q4 revenue and $10.3B for 2025. Both totals were driven by double-digit gains in capital markets revenue and a rebound across office, industrial, and retail sectors.
Capital Markets Momentum
Revenue from property sales and debt transactions rose 15% in Q4, fueled by recovering markets in the Americas and EMEA. Leasing revenue also advanced by 5% as end-market demand showed signs of normalization. The improved outlook follows earlier signals from company leadership that lower interest rates could unlock pent-up transaction volume and spark a broader rebound in investment sales activity. Cushman expects this momentum to continue, projecting 6%–8% annual revenue growth and a 20% jump in adjusted EPS for the year ahead.
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Investment and Hiring Plans
As part of ongoing efforts to strengthen its service platform and capitalize on property sales growth, Cushman aims to expand its workforce. Leadership indicated robust recruiting budgets for 2026, targeting institutional capital and leasing professionals to support future deal volume.
Valuation and Consulting Services Up
The firm saw valuation, appraisal, and consulting revenue climb by 12% year over year, reflecting higher transaction activity in core segments. Management anticipates steady expansion in capital markets, even if growth moderates from recent peaks. Cushman remains positive on industry prospects for 2026 as lending loosens and buyers re-enter the market.
