Loading...
•
Jun 30, 2023
JLL Q2 2023 Earnings Report
JLL's financial performance was driven by resilient business lines, while transaction activity continued to decline.
Key Takeaways
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.
Second-quarter revenue was $5.1 billion, down 4% in local currency.
Market-wide transaction slowdown impacted Capital Markets volumes.
Margin contraction was driven by lower transaction-based revenues in the United States and Europe.
Annual run-rate savings rose $70 million to $210 million in total.
JLL
JLL
JLL Revenue by Segment
Revenue by Segment
Capital Markets Services Revenue
CapyFin.com Forward Guidance
The company did not provide specific forward guidance in this earnings report.