Cushman & Wakefield disclosed recast historical financial information for 2024 and 2025 quarterly periods reflecting new reporting changes effective January 1, 2026, with no impact on consolidated revenue, net income, EPS or cash flows.
Key takeaways
Made available recast financials for Q1 2024-Q4 2025 on IR website via Exhibit 99.1.
Effective Jan 1, 2026, will cease reporting service line fee revenue and non-GAAP measures: Adjusted EBITDA margin, Segment operating expenses, Fee-based operating expenses.
Revised 'Cost of gross contract reimbursables' to 'Gross contract costs' including client-dedicated labor, subcontractor costs, third-party consumables; comparative periods recast.
Refined corporate cost allocation to segments, impacting segment Net income (loss) and Adjusted EBITDA but not consolidated results.
Reporting changes align with industry competitors and enhance management decision-making.
Item 7.01 disclosure not deemed 'filed' under Exchange Act Section 18.