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Jun 30, 2024

JLL Q2 2024 Earnings Report

JLL's Q2 2024 performance was driven by resilient revenue growth in Work Dynamics and transactional business lines, along with successful cost management efforts, resulting in strong profit performance.

Key Takeaways

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.

Revenue increased by 12% in local currency, reaching $5.6 billion.

Resilient revenues grew by 16% in local currency, with Work Dynamics leading the growth.

Transactional revenues increased by 5% in local currency.

Net debt decreased by nearly $150 million due to higher cash provided by operating activities.

Total Revenue
$5.63B
Previous year: $1.85B
+204.7%
EPS
$2.55
Previous year: $0.5
+410.0%
Adjusted EBITDA
$246M
Previous year: $116M
+112.1%
Gross Profit
$5.57B
Previous year: $2.64B
+111.2%
Cash and Equivalents
$424M
Previous year: $403M
+5.4%
Free Cash Flow
$236M
Previous year: $198M
+19.0%
Total Assets
$15.9B
Previous year: $15.8B
+0.5%

JLL

JLL

JLL Revenue by Segment

Forward Guidance

The company did not include forward guidance in this report.

Revenue & Expenses

Visualization of income flow from segment revenue to net income