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Dec 31, 2020

JLL Q4 2020 Earnings Report

JLL reported Q4 2020 results with diluted earnings per share of $4.80 and adjusted diluted earnings per share of $5.29.

Key Takeaways

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.

Consolidated revenue was $4.8 billion, a decrease of 12%.

Fee revenue was $2.0 billion, a decrease of 19%.

Diluted earnings per share was $4.80.

Adjusted diluted earnings per share was $5.29.

Total Revenue
$1.96B
Previous year: $2.38B
-17.3%
EPS
$5.29
Previous year: $6.35
-16.7%
Adjusted EBITDA
$417M
Previous year: $494M
-15.6%
Gross Profit
$2.75B
Previous year: $3.18B
-13.5%
Cash and Equivalents
$574M
Previous year: $452M
+27.1%
Free Cash Flow
$1.11B
Total Assets
$14.3B
Previous year: $13.7B
+4.7%

JLL

JLL

JLL Revenue by Segment

Forward Guidance

JLL enters 2021 poised to lead in a post-pandemic environment and generate substantial value for all stakeholders over the long term.

Revenue & Expenses

Visualization of income flow from segment revenue to net income