JLL Earnings Reports

JLL delivered a robust third quarter in 2025, marked by its sixth consecutive quarter of double-digit revenue growth, reaching $6.5 billion. Diluted earnings per share surged by 45% to $4.61, and adjusted diluted earnings per share increased by 29% to $4.50. The company saw accelerated transactional revenue growth and sustained momentum in its resilient businesses, leading to improved profitability and strong free cash flow generation.

JLL continued its strong performance in the second quarter of 2025, marking its fifth consecutive quarter of double-digit revenue growth. The company reported a 10% increase in revenue to $6.3 billion and a 32% rise in diluted earnings per share to $2.32. This growth was driven by strong performance in both Resilient and Transactional revenues, particularly in Real Estate Management Services and Capital Markets Services, supported by improved platform leverage and cost discipline.

JLL reported Q1 2025 revenue of $5.75 billion, a 13% increase in local currency. Adjusted EPS rose 28% to $2.31, though net income declined to $55.3 million. Revenue growth was driven by solid performance across Leasing, Capital Markets, and Real Estate Management Services. However, bottom-line results were tempered by higher technology investments and equity losses.

Jones Lang LaSalle (JLL) achieved strong financial performance in Q4 2024, with revenue increasing by 16% year-over-year to $6.81 billion. Net income rose 40% to $241.2 million, driven by robust transactional growth in Capital Markets (+32%) and Leasing (+14%). The company maintained cost discipline, improving margins and generating higher free cash flow.

JLL reported a strong third quarter with double-digit revenue growth and improved profitability, driven by high demand for outsourcing services and increased transactional activity. Revenue reached $5.9 billion, up 15% in local currency, with significant growth in Leasing, Capital Markets, and Work Dynamics.

JLL reported strong second-quarter results with revenue up 12% in local currency, driven by growth in Resilient and Transactional revenue streams. The company's cost management efforts contributed to improved profitability and a decrease in net debt.

JLL reported a strong start to 2024, with revenue up 9% in local currency, driven by growth in both resilient and transactional business lines. The company's cost actions over the last year allowed for meaningful improvement in profitability. Diluted earnings per share were $1.37, up from a loss of $0.19 last year, and adjusted diluted earnings per share were $1.78, up from $0.71.

JLL reported Q4 2023 revenue of $5.9 billion, a 4% increase in local currency. Operating income rose to $290.4 million from $254.7 million year-over-year. Diluted earnings per share were $3.57, and adjusted diluted earnings per share were $4.23.

JLL reported Q3 2023 revenue of $5.1 billion, a 2% decrease in local currency, and operating income of $119.1 million. Diluted earnings per share were $1.23, and Adjusted diluted earnings per share were $2.01. The results reflected growth in resilient business lines offsetting a market-wide pullback in transaction activity.

JLL reported a decrease in revenue and profitability for Q2 2023 due to the market-wide transaction slowdown and extended interest rate uncertainty. Revenue was $5.1 billion, down 4% in local currency, and operating income was $149.2 million. Diluted earnings per share were $0.05, and adjusted diluted earnings per share were $0.50.

JLL reported first-quarter revenue of $4.7 billion, a 1% increase in local currency, but experienced a diluted loss per share of $0.19 and adjusted diluted earnings per share of $0.65 due to a market-wide transaction slowdown impacting Capital Markets and Leasing activities.

JLL's Q4 2022 revenue was $5.6 billion, a 2% decrease in local currency. Diluted earnings per share were $3.62, and adjusted diluted earnings per share were $4.36. The company's performance was impacted by a slowdown in investment sales and leasing volumes, but supported by growth in annuity-based businesses.

JLL reported a 10% increase in revenue in local currency, driven by outsourcing wins and continued project management demand in Work Dynamics, and stable Markets Advisory fee revenue. However, the company experienced margin contraction due to higher compensation expense and increased T&E and marketing costs, along with a slowdown in Capital Markets volumes.

JLL reported strong and resilient performance in the second quarter of 2022, with revenue up 17% to $5.3 billion and fee revenue growing 19% to $2.1 billion. Diluted earnings per share increased to $3.90, and adjusted diluted earnings per share rose to $4.48.

JLL reported a strong first quarter in 2022, with revenue up 21% to $4.8 billion and fee revenue up 36% to $1.9 billion. All segments achieved double-digit top-line growth, led by Capital Markets and Markets Advisory. Diluted earnings per share increased to $2.86, and adjusted diluted earnings per share rose to $3.47.

JLL reported record fourth-quarter revenue of $5.9 billion and fee revenue of $2.8 billion. Diluted earnings per share were $8.16, and adjusted diluted earnings per share were $8.66. The company's performance was led by Leasing and Capital Markets, with significant free cash flow generation.

JLL reported strong Q3 2021 results with a 22% increase in revenue to $4.9 billion and an 81% increase in diluted earnings per share to $4.57. The company's performance was driven by growth in all segments and service lines, particularly in the Americas, with significant rebounds in transaction-based revenue from Capital Markets and Leasing.

JLL reported outstanding operating performance for the second quarter of 2021, with consolidated revenue of $4.5 billion, a 22% increase from the prior year. Diluted earnings per share increased to $3.82, and adjusted diluted earnings per share rose to $4.20. The company is increasing its 2021 Adjusted EBITDA margin target range to 16% to 19%.

JLL reported strong first-quarter results with a consolidated revenue of $4.0 billion. Diluted earnings per share increased to $1.97, and adjusted diluted earnings per share rose to $2.10.

JLL's Q4 2020 results reflect the continued impact of the COVID-19 pandemic on transaction-based service lines, but also demonstrate resilience in Property & Facility Management. The company's cost mitigation actions benefited margin performance, and a record full-year operating cash flow drove debt reduction.

JLL reported Q3 2020 results with revenue of $4.0 billion and diluted earnings per share of $2.52. The company's profitability grew compared to the second quarter, demonstrating the resilience of its global platform. Strong operating cash flows drove net debt below pre-HFF-acquisition level and the company resumed share repurchases.

JLL reported a decrease in consolidated revenue and fee revenue by 13% and 22% respectively, with transaction-based service lines being heavily impacted by the pandemic. However, the resilience of Property & Facility Management, led by Corporate Solutions, demonstrated the strength of globally-diversified platform. Significant debt reduction continued to underscore strong balance sheet and liquidity.

JLL's operations were disrupted by the COVID-19 pandemic, with offices in China closing in January and over 90% of global office-based employees working remotely by the end of March. Despite this, the company achieved strong consolidated RES revenue and fee revenue growth, driven by the Americas segment. Net income attributable to common shareholders was $5.3 million, and adjusted EBITDA was $95.6 million.

JLL reported record fourth-quarter results, with consolidated revenue of $5.4 billion and fee revenue of $2.4 billion, representing double-digit increases over the prior year. Diluted EPS was $5.23, and adjusted diluted EPS was $6.35. Strong operating cash flows enabled over $600 million in debt repayment during the quarter.