Earnings summaries and quarterly performance for JONES LANG LASALLE.
Executive leadership at JONES LANG LASALLE.
Christian Ulbrich
Detailed
Chief Executive Officer and President
CEO
AK
Alan K. Tse
Detailed
Chief Legal Officer and Corporate Secretary
BH
Benjamin Hawke
Detailed
Chief Accounting Officer
KB
Karen Brennan
Detailed
Chief Executive Officer, Leasing Advisory
KH
Kelly Howe
Detailed
Chief Financial Officer
LA
Laura Adams
Detailed
Chief Human Resources Officer
MS
Mihir Shah
Detailed
Chief Executive Officer, JLL Technologies
NM
Neil Murray
Detailed
Chief Executive Officer, Real Estate Management Services
RB
Richard Bloxam
Detailed
Chief Executive Officer, Capital Markets Services
Board of directors at JONES LANG LASALLE.
BM
Bobby Mehta
Detailed
Chairman of the Board
BM
Bridget Macaskill
Detailed
Director
CC
Catherine Clay
Detailed
Director
DM
Deborah McAneny
Detailed
Director
ER
Efrain Rivera
Detailed
Director
HB
Hugo Bagué
Detailed
Director
JP
Jeetu Patel
Detailed
Director
LQ
Larry Quinlan
Detailed
Director
MC
Matthew Carter Jr.
Detailed
Director
MO
Moses Ojeisekhoba
Detailed
Director
SG
Susan Gore
Detailed
Director
TJ
Tina Ju
Detailed
Director
Research analysts who have asked questions during JONES LANG LASALLE earnings calls.
AP
Anthony Paolone
JPMorgan Chase & Co.
8 questions for JLL
Also covers: ALX, ARE, AVB +32 more
JR
Jade Rahmani
Keefe, Bruyette & Woods
8 questions for JLL
Also covers: ABR, ACRE, AMH +22 more
JB
Julien Blouin
The Goldman Sachs Group, Inc.
5 questions for JLL
Also covers: ALX, AMH, CBRE +12 more
MG
Mitch Germain
Citizens JMP
5 questions for JLL
Also covers: ADC, ALEX, BNL +17 more
Seth Bergey
Citi
5 questions for JLL
Also covers: AHR, BDN, BXP +16 more
Stephen Sheldon
William Blair & Company
4 questions for JLL
Also covers: AGYS, ALRM, APEI +11 more
AK
Alex Kramm
UBS Group AG
3 questions for JLL
Also covers: BR, CBOE, CBRE +16 more
PO
Patrick O'Shaughnessy
Raymond James
3 questions for JLL
Also covers: AMTD, BR, CBRE +8 more
PA
Peter Abramowitz
Jefferies
3 questions for JLL
Also covers: AHH, ARE, BXP +14 more
Stephen Sheldon
William Blair
3 questions for JLL
Also covers: AGYS, ALRM, CBRE +9 more
Brendan Lynch
Barclays
2 questions for JLL
Also covers: AMT, BXP, CCI +24 more
JB
Julian Blome
Goldman Sachs
2 questions for JLL
Michael Griffin
Citigroup Inc.
1 question for JLL
Also covers: AHR, ALX, ARE +35 more
Nick Joseph
Citigroup Inc.
1 question for JLL
Also covers: ADC, AIV, ARE +22 more
SB
Seth Berge
Citigroup
1 question for JLL
Also covers: BDN, BXP, CBRE +5 more
SS
Steven Sheldon
William Blair & Company, L.L.C.
1 question for JLL
Also covers: ALRM, MH
Recent press releases and 8-K filings for JLL.
JLL Reports Strong Q4 and Full-Year 2025 Results, Provides 2026 Adjusted EBITDA Outlook
JLL
Earnings
Guidance Update
Share Buyback
- JLL reported its seventh consecutive quarter of double-digit revenue gains and ninth consecutive quarter of double-digit EPS growth in Q4 2025. For the full year 2025, revenue increased 11%, and Adjusted EBITDA was $1.45 billion, growing 22%.
- The company achieved record-high Free Cash Flow in 2025 and reduced net debt to 0.2 times at year-end, with a full-year average leverage ratio of 0.9 times.
- For 2026, JLL is targeting an Adjusted EBITDA range of $1.575 billion to $1.675 billion, reflecting 12% growth at the midpoint, with continued momentum expected in Capital Markets, leasing, and Real Estate Management Services.
- Capital allocation priorities for 2026 include driving organic growth, augmenting M&A, and significantly increasing share repurchases, with $212 million in share repurchases made in 2025.
- JLL emphasizes its strong position regarding AI and technology, leveraging proprietary data and a scaled platform to drive client outcomes, and sees minimal risk of disintermediation from AI.
Feb 18, 2026, 2:00 PM
JLL Reports Strong Q4 and Full Year 2025 Results, Provides 2026 Adjusted EBITDA Guidance
JLL
Earnings
Guidance Update
Share Buyback
- Jones Lang LaSalle (JLL) reported a strong Q4 and full year 2025, with full-year revenue increasing 11% and Adjusted EBITDA growing 22% to $1.45 billion, reaching the top end of its financial target. The company also achieved its midterm margin target in 2025.
- For full-year 2026, JLL is targeting an Adjusted EBITDA range of $1.575 billion-$1.675 billion, reflecting 12% growth at the midpoint. The company anticipates continued momentum in transactional businesses and expects Real Estate Management Services (REMS) revenue growth to be modest in the near term before building in the second half of 2026.
- JLL's net leverage improved to 0.2 times at year-end 2025, and the company repurchased $80 million in shares during Q4, bringing the full-year total to $212 million, with plans to further increase share repurchases in 2026.
- JLL emphasized its strategic focus on AI and technology, noting that AI is driving efficiency and productivity across the organization, contributing to strong margin performance without significant headcount additions. The company does not foresee competitive pressure from outside the industry due to AI.
Feb 18, 2026, 2:00 PM
JLL Reports Strong Q4 and Full-Year 2025 Financial Results
JLL
Earnings
Revenue Acceleration/Inflection
- JLL reported strong financial results for Q4 2025, with revenue up 12% to $7,609 million and Adjusted Diluted EPS increasing 42% to $8.71 compared to Q4 2024. For the full year 2025, revenue grew 11% to $26,116 million and Adjusted Diluted EPS rose 34% to $18.80.
- Global office leasing volumes increased 1% in Q4 2025, driven by North America (up 4%) and Asia Pacific (up 5%), while global office vacancy declined to 16.8%. The industrial sector also saw increased global activity, with North America Gross Leasing at 20 and Europe Gross Leasing at 13 in Q4 2025.
- The company significantly reduced its Total Net Debt to $304 million in Q4 2025 from $801 million in Q4 2024, resulting in a Net Debt / Adjusted TTM EBITDA ratio of 0.2x. Free Cash Flow for 2025 was $978.5 million, an increase from $599.8 million in 2024.
- Capital Markets Services revenue grew 19% local currency in Q4 2025, led by investment sales and debt advisory businesses. Conversely, Investment Management revenue declined 18% local currency, with Assets under management decreasing to $86.4 billion at year-end.
Feb 18, 2026, 2:00 PM
JLL Reports Strong Q4 2025 Performance and Plans Increased Share Buybacks
JLL
Earnings
Share Buyback
Revenue Acceleration/Inflection
- Jones Lang LaSalle (JLL) reported strong top-line and bottom-line performance for Q4 and the full year 2025, reflecting meaningful margin expansion, earnings growth, and robust cash flow.
- The company intends to significantly increase share repurchases in 2026, allocating a substantial amount of free cash flow, as debt levels are comfortable and the current share price makes buybacks an attractive use of capital.
- Leasing Advisory revenue grew significantly in Q4 2025, with office leasing up 26% and industrial up 11% in local currency, and JLL anticipates continued momentum in its transactional businesses for 2026.
Feb 18, 2026, 2:00 PM
JLL Reports Strong Q4 and Full-Year 2025 Financial Results
JLL
Earnings
Revenue Acceleration/Inflection
Share Buyback
- JLL reported a 10% increase in fourth-quarter revenue in local currency, reaching $7.6 billion, and an 11% increase in full-year revenue to $26.1 billion. This growth was driven by a 15% increase in Transactional revenues and a 9% increase in Resilient revenues for the fourth quarter.
- Diluted earnings per share for Q4 2025 reached a record $8.34, up 66% from the prior year, with full-year diluted EPS at $16.40, an increase of 44%. Adjusted diluted EPS also saw significant growth, reaching $8.71 for Q4 and $18.80 for the full year.
- Net income attributable to common shareholders for Q4 2025 was $401.7 million (up 67%), and for the full year was $792.1 million (up 45%). The company generated a record $1.2 billion in cash from operating activities and nearly $1.0 billion in Free Cash Flow for the full year.
- JLL repurchased $80.3 million in shares during the fourth quarter, contributing to $211.5 million in full-year repurchases, marking a 163% increase compared to 2024.
Feb 18, 2026, 12:32 PM
JLL Reports Strong Fourth Quarter and Full-Year 2025 Financial Results
JLL
Earnings
Revenue Acceleration/Inflection
Share Buyback
- JLL reported record fourth-quarter 2025 diluted earnings per share of $8.34, a 66% increase in local currency, and full-year diluted EPS of $16.40, up 44%.
- Fourth-quarter 2025 revenue was $7.6 billion, up 10% in local currency, contributing to full-year revenue of $26.1 billion, an 11% increase. This marks the seventh consecutive quarter of double-digit revenue increases.
- The company generated record cash provided by operating activities of $1.2 billion and nearly $1.0 billion in Free Cash Flow for the full year 2025.
- JLL executed share repurchases totaling $211.5 million for the full year 2025, a 163% increase over 2024, and reduced Net Debt to $304.2 million by year-end 2025.
Feb 18, 2026, 12:30 PM
Facility Grid Appoints Daniel Russo as CEO
JLL
CEO Change
Management Change
Hiring
- Facility Grid, a Nexa Equity Partners company, has appointed Daniel Russo as its new Chief Executive Officer.
- Russo brings 30 years of experience in building software and scaling businesses, having previously served as CEO of Building Engines and President of JLLT Property Management Technology division at JLL.
- He was instrumental in accelerating the growth of Building Engines, leading to its sale to JLL in 2021 at 10 times its revenue.
- Russo's appointment follows a recent strategic investment in Facility Grid by Nexa Equity, which aims to scale B2B software businesses.
Jan 12, 2026, 7:14 PM
Embassy REIT Acquires Bengaluru Office Property
JLL
M&A
New Projects/Investments
- Embassy Office Parks REIT acquired a 300,000 square foot office property within the Embassy GolfLinks Business Park in Bengaluru for ₹852 crore.
- The acquired property, named Pinehurst, is a fully leased Grade-A asset anchored by Fidelity India.
- This acquisition is expected to be accretive to Distribution per Unit (DPU) and Net Operating Income (NOI), delivering an NOI yield of approximately 7.9%.
- The transaction was advised by property advisory firm JLL India.
Dec 3, 2025, 6:40 AM
JLL Reports Global Bidding Activity Improvement and Expected Capital Flow Growth
JLL
New Projects/Investments
Guidance Update
- JLL's Global Bid Intensity Index rose in October, signaling continued capital flow growth and increased market competition in private real estate capital markets.
- Bidder competitiveness has improved globally, with October posting the second-highest monthly gain over the past year, partly due to the Federal Reserve's interest rate cuts in September and October.
- Capital deployment accelerated during the third quarter, indicating increased investor confidence, and JLL expects continued capital flow growth into 2026.
- The Living / Multi-Housing sector continues to lead bidding activity, while Industrial and Logistics rebounded, and Office sector bid dynamics are on an upward path from late 2023 lows.
Nov 25, 2025, 2:09 PM
JLL Reports Strong Q3 2025 Results and Raises Full-Year Adjusted EBITDA Guidance
JLL
Earnings
Guidance Update
Share Buyback
- JLL reported strong financial results for Q3 2025, with revenue growing 10%, adjusted EBITDA increasing 16%, and adjusted EPS up 29%, driven by a reacceleration in transactional businesses, including 26% growth in investment sales, debt and equity advisory.
- The company increased the low end of its full-year 2025 adjusted EBITDA target range by $75 million, setting a new range of $1.375 billion to $1.450 billion, and is on track to achieve the low end of its mid-term adjusted EBITDA margin target this year.
- JLL is strategically integrating its Software and Technology Solutions segment into Real Estate Management Services, with the segment on track to be profitable in full year 2026. The company is also intentionally exiting certain low-margin Property Management contracts to improve overall segment margins.
- Capital allocation included $70 million in share repurchases during Q3 2025, bringing the year-to-date total to $131 million, and net leverage improved to 0.8 times.
Nov 5, 2025, 2:00 PM
Quarterly earnings call transcripts for JONES LANG LASALLE.
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