Cushman & Wakefield Ltd. Form 8-K Filing
On April 8, 2026, Cushman & Wakefield Ltd. announced changes to its financial reporting, including the discontinuation of "service line fee revenue" and certain non-GAAP financial measures such as Adjusted EBITDA margin, Segment operating expenses, and Fee-based operating expenses, effective January 1, 2026. The company also revised the definition of "Cost of gross contract reimbursables" to "Gross contract costs." These changes aim to align reporting with industry competitors and improve decision-making. Recast historical financial information for 2024 and 2025 has been made available on the company's investor relations website. The reporting adjustments do not impact total revenue, consolidated net income (loss), earnings per share, or cash flows. The filing includes detailed financial tables for consolidated and segment results, as well as a reconciliation of net income (loss) to Adjusted EBITDA for quarterly periods in 2024 and 2025.