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Adjusted EBITDA

Cushman & Wakefield ·Business Segments·3 segments

Breakdown

Segments

AmericasView metric

EMEAView metric

APACView metric

Segment	Q2 '24	Q3 '24	Q4 '24	Q1 '25	Q2 '25	Q3 '25	Q4 '25	Q1 '26
Americas	$109M	$111.3M	$151.7M	$77.6M	$112.2M	$125.9M	$163.4M	$96.3M
EMEA	$13.2M	$12.4M	$39.9M	$3.7M	$32.3M	$18.3M	$47.4M	$8.8M
APAC	$16.7M	$18.8M	$30.8M	$14.9M	$17.2M	$15.4M	$27.9M	$6.2M
Total	$109M	$111.3M	$151.7M	$77.6M	$112.2M	$125.9M	$163.4M	$96.3M