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Mar 31, 2022

JLL Q1 2022 Earnings Report

JLL delivered strong financial results driven by robust performance in Capital Markets and Markets Advisory businesses.

Key Takeaways

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.

Revenue increased by 21% to $4.8 billion, while fee revenue grew by 36% to $1.9 billion, with all segments experiencing double-digit top-line growth.

Capital Markets fee revenue saw a significant increase of 54% due to higher transaction activity across the globe.

Markets Advisory fee revenue increased by 36% driven by strong leasing performance across asset classes.

LaSalle fee revenue grew by 36%, supported by advisory and transaction fees.

Total Revenue
$1.9B
Previous year: $1.44B
+31.7%
EPS
$3.47
Previous year: $2.1
+65.2%
Adjusted EBITDA
$274M
Previous year: $190M
+43.9%
Gross Profit
$2.39B
Previous year: $2.13B
+12.3%
Cash and Equivalents
$831M
Previous year: $457M
+82.0%
Free Cash Flow
-$763M
Total Assets
$15.4B
Previous year: $13.3B
+15.7%

JLL

JLL

JLL Revenue by Segment

Forward Guidance

The company is well positioned to help clients navigate a more uncertain macro environment and its strong capital position allows it to take advantage of opportunities in the marketplace.

Revenue & Expenses

Visualization of income flow from segment revenue to net income