Jones Lang Lasalle Inc

JLL

Equity

ISIN null / Valor 485418

New York Stock Exchange, Inc (2026-03-02)

USD 313.64-0.61%

Jones Lang Lasalle Inc
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About company

Jones Lang LaSalle Incorporated (JLL) is a global professional services firm specializing in real estate and investment management. The company operates through various subsidiaries, including JLL Spark and LaSalle Investment Management, to offer a broad spectrum of services and solutions in the real estate sector. JLL Spark focuses on propelling the real estate industry forward by investing in technology-based innovations, leveraging the agility of a startup with the backing of JLL's extensive expertise and resources. It is led by seasoned entrepreneurs from Silicon Valley, aiming to introduce innovative products to real estate owners and operators through strategic proptech investments. On the other hand, LaSalle Investment Management, an independent subsidiary of JLL, stands as one of the world's largest and most diverse real estate investment management firms. It is dedicated to delivering competitive investment performance across economic and property market cycles for its clients, with a portfolio that includes real estate securities, commingled funds, and global indirect investments. JLL's service offerings encompass buying, building, occupying, and investing in various assets such as industrial, commercial, retail, residential, and hotel real estate. Catering to a wide range of industries, including banking, energy, healthcare, law, life sciences, manufacturing, and technology, JLL's client base ranges from tech startups to global firms, highlighting its extensive reach and versatility in the real estate market.

Summarized from source with an LLMView SourceSector: Finance

Revenue growth

Total Q3 revenue $6,510.4M (+10% LC). Resilient revenues +9% and Transactional revenues +13%. By segment: Real Estate Management Services $4,982.4M (+10% LC), Capital Markets Services $612.1M (+22% LC), Leasing Advisory $741.9M (+7% LC), Investment Management $115.4M (+12% LC) and Software & Technology Solutions $58.6M (+3% LC).

Earnings & margins

Diluted EPS $4.61 (+45%); adjusted diluted EPS $4.50 (+29%). Adjusted EBITDA $347.3M (+16% LC). Management cited improved platform leverage and continued cost discipline as drivers of margin expansion despite some timing-related incentive compensation and discrete items.

Cash flow & capital allocation

Q3 cash flow from operations $617.1M (quarter); year-to-date operating cash $182.3M — highest through three quarters since 2021. Q3 free cash flow $567.6M. Share repurchases totaled $70.0M in the quarter and $131.2M YTD (up 118% Y/Y); $882.0M remained authorized for future repurchases as of Sept. 30, 2025.

Balance sheet & leverage

Net debt of $1,098.6M at Sept. 30, 2025 (down vs June 30), net leverage ratio 0.8x (vs 1.2x at June 30). Corporate liquidity was $3,542.9M, and the company maintains a $2.5B commercial paper program (with $389.0M outstanding at quarter end).

Segment highlights

Real Estate Management Services growth driven by Workplace Management (+8% Q/Q) and Project Management (+24%). Capital Markets strength led by debt advisory, investment sales and equity advisory (investment sales revenue +22% globally). Leasing outperformed market volumes, led by office (notably U.S.) and U.S. industrial contributions. Investment Management benefited from incentive fees this quarter.

Outlook & commentary

Management said momentum should continue into Q4, raised the mid‑point of the full‑year Adjusted EBITDA target, and highlighted alignment of data, technology and AI with core businesses to deepen client relationships and drive long‑term profitable growth.

Summarized from source with an LLMView Source

Key figures

15.4%1Y

82.6%3Y

76.0%5Y

Performance

36.1%1Y

33.9%3Y

34.8%5Y

Volatility