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Jun 30, 2022

JLL Q2 2022 Earnings Report

JLL demonstrated strong performance with double-digit fee revenue growth across nearly all business lines.

Key Takeaways

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.

Top-line expansion was broad-based as most segments achieved 20% or greater growth.

Higher deal volume in the Americas and EMEA led the 28% increase in Capital Markets fee revenue.

Strong leasing performance continued across several asset classes, driving 23% growth in Markets Advisory fee revenue.

Outsourcing wins and greater demand in Project Management contributed to the 19% increase in Work Dynamics fee revenue.

Total Revenue
$2.14B
Previous year: $1.82B
+17.7%
EPS
$4.48
Previous year: $4.2
+6.7%
Adjusted EBITDA
$359M
Previous year: $332M
+8.0%
Gross Profit
$2.72B
Previous year: $2.51B
+8.6%
Cash and Equivalents
$568M
Previous year: $494M
+15.0%
Free Cash Flow
$137M
Total Assets
$15.3B
Previous year: $13.5B
+13.5%

JLL

JLL

JLL Revenue by Segment

Forward Guidance

Statements in this news release regarding, among other things, future financial results and performance, achievements, plans, objectives and shares repurchases may be considered forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995.

Revenue & Expenses

Visualization of income flow from segment revenue to net income