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Dec 31, 2024
JLL Q4 2024 Earnings Report
JLL reported strong Q4 2024 performance with double-digit revenue growth and improved margins.
Key Takeaways
Jones Lang LaSalle (JLL) achieved strong financial performance in Q4 2024, with revenue increasing by 16% year-over-year to $6.81 billion. Net income rose 40% to $241.2 million, driven by robust transactional growth in Capital Markets (+32%) and Leasing (+14%). The company maintained cost discipline, improving margins and generating higher free cash flow.
Revenue grew 16% YoY to $6.81 billion, driven by strong transactional growth.
Net income increased 40% YoY to $241.2 million.
Capital Markets revenue surged 32% YoY, reflecting higher investment sales and debt advisory activity.
Free cash flow improved by 28% YoY to $868.1 million.
JLL
JLL
JLL Revenue by Segment
Revenue by Segment
Capital Markets Services Revenue
CapyFin.com Forward Guidance
JLL expects continued revenue growth in 2025, supported by transactional activity, workplace management expansion, and cost efficiencies.
Positive Outlook
- Continued strength in investment sales and debt advisory.
- Leasing growth across asset classes.
- Expansion in Workplace Management within Work Dynamics.
- Improved operational efficiencies and cost control.
- Strong free cash flow generation.
Challenges Ahead
- Potential market volatility impacting real estate transactions.
- Continued weakness in JLL Technologies revenue.
- Higher interest rates affecting debt advisory demand.
- Fluctuations in LaSalle advisory fees.
- Macroeconomic uncertainty impacting investment decisions.