Jones Lang LaSalle Incorporated (JLL) SEC Filings & Earnings Calls
EquiReason read 13 Jones Lang LaSalle Incorporated SEC filings in the last 12 months. Latest: 8-K on 2026-09-30 — Mihir Shah, CEO of Jones Lang LaSalle Technologies and Global Executive Board member, will depart effective April 1, 2027. Separation agreement includes severance, bonus, and equit.
Source: SEC EDGAR filings · figures as of 2026-06-30 · read by EquiReason
JLLJones Lang LaSalle IncorporatedFollow JLL — free
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- Market cap
- 13.8B
- P/E TTM
- 14.4
- Dividend yield
- —
- 52-week
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- Next earnings
- 28 Oct, in 4 days
Every filing, read
last 12 months · SECWhat happened, the numbers inside, guidance and risks. The original is one click away.
30 Sep 20268-K · 5.02Mihir Shah, CEO of Jones Lang LaSalle Technologies and Global Executive Board member, will depart effective April 1, 2027. Separation agreement includes severance, bonus, and equity treatment.open
Risks flagged
Loss of a senior technology executive could disrupt digital transformation initiatives.
“Mihir Shah, CEO of Jones Lang LaSalle Technologies, departing.”
16 Sep 20268-K · 5.02, 7.01JLL appointed Paul Morgan as COO, a newly created role, to execute Accelerate 2030 strategy. No financial guidance or material operational changes disclosed.SEC ↗
30 Jul 202610-QJLL reported strong Q2 2026 results: revenue +10.8% YoY, Adjusted EBITDA +32.5% YoY, net income +92% YoY; completed $200M ASR.earningsopen
Figures in the filing · each found in the filing text
| Revenue · Q2-2026 | $6.93B | +11% y/y |
| Adjusted EBITDA · Q2-2026 | $386M | +32% y/y |
| Net income attributable to common shareholders · Q2-2026 | $216M | +92% y/y |
| Leasing Advisory revenue · Leasing Advisory · Q2-2026 | $837M | +24% y/y |
| Capital Markets Services revenue · Capital Markets Services · Q2-2026 | $620M | +19% y/y |
| Real Estate Management Services revenue · Real Estate Management Services · Q2-2026 | $5.37B | +8% y/y |
| Investment Management revenue · Investment Management · Q2-2026 | $102M | -1% y/y |
Risks flagged
Foreign exchange exposure
“Revenue exposed to foreign exchange rates 36% for the six months ended June 30, 2026.”
Interest rate sensitivity on variable debt
“If short-term interest rates were 50 basis points higher during 2026 on our variable-rate debt, our results would reflect an incremental $2.1 million of interest expense for the six months ended June 30, 2026.” · word for word
30 Jul 20268-K · 2.02Record Q2 EPS $4.59 (+100% LC), revenue $6.9B (+10% LC), Adj EBITDA $386.3M (+33% LC), guidance raised for FY26 Adj EPS reflecting 34% YoY growth at midpoint.earningsopen
Figures in the filing · each found in the filing text
| Revenue · Q2-2026 | $6.93B | +11% y/y |
| Net income attributable to common shareholders · Q2-2026 | $216M | +92% y/y |
| Adjusted EBITDA · Q2-2026 | $386M | +32% y/y |
| Diluted earnings per share · Q2-2026 | $4.59 | +98% y/y |
| Adjusted diluted earnings per share · Q2-2026 | $5.26 | +59% y/y |
| Cash flows from operating activities · Q2-2026 | $488M | +47% y/y |
| Free Cash Flow · Q2-2026 | $438M | +52% y/y |
| Real Estate Management Services Revenue · Real Estate Management Services · Q2-2026 | $5.37B | +8% y/y |
| Leasing Advisory Revenue · Leasing Advisory · Q2-2026 | $837M | +24% y/y |
| Capital Markets Services Revenue · Capital Markets Services · Q2-2026 | $620M | +19% y/y |
Guidance
FY26 Adjusted EPS target range raised, reflecting 34% year-over-year growth at the mid-point
CEO raised full-year Adjusted EPS target range citing year-to-date performance and strong underlying business momentum.
Risks flagged
Potential commercial real estate cyclicality could impact future demand.
“Capital Markets and Leasing Advisory are cyclical and sensitive to interest rates and economic conditions.”
30 Apr 20268-K · 2.02Revenue $6.39B (+11% y/y); Net income attributable to common shareholders $159M (+188% y/y); Diluted earnings per share $3.33 (+192% y/y)earningsopen
Figures in the filing · each found in the filing text
| Revenue · Q1-2026 | $6.39B | +11% y/y |
| Net income attributable to common shareholders · Q1-2026 | $159M | +188% y/y |
| Diluted earnings per share · Q1-2026 | $3.33 | +192% y/y |
| Adjusted diluted earnings per share · Q1-2026 | $3.43 | +48% y/y |
| Adjusted EBITDA · Q1-2026 | $274M | +22% y/y |
| Cash flows from operating activities · Q1-2026 | $-755M | |
| Free Cash Flow · Q1-2026 | $-820M | |
| Real Estate Management Services revenue · Real Estate Management Services · Q1-2026 | $5.07B | +9% y/y |
| Leasing Advisory revenue · Leasing Advisory · Q1-2026 | $686M | +17% y/y |
| Capital Markets Services revenue · Capital Markets Services · Q1-2026 | $535M | +23% y/y |
Risks flagged
Negative free cash flow due to working capital timing
“Free Cash Flow $(819.9) million”
30 Apr 202610-QTotal Revenue $6.39B (+11% y/y); Net Income Attributable to Common Shareholders $159M (+188% y/y); Consolidated Adjusted EBITDA $274M (+22% y/y)open
Figures in the filing · each found in the filing text
| Total Revenue · Q1-2026 | $6.39B | +11% y/y |
| Net Income Attributable to Common Shareholders · Q1-2026 | $159M | +188% y/y |
| Consolidated Adjusted EBITDA · Q1-2026 | $274M | +22% y/y |
| Real Estate Management Services Revenue · Real Estate Management Services · Q1-2026 | $5.07B | +10% y/y |
| Leasing Advisory Revenue · Leasing Advisory · Q1-2026 | $686M | +17% y/y |
| Capital Markets Services Revenue · Capital Markets Services · Q1-2026 | $535M | +23% y/y |
| Investment Management Revenue · Investment Management · Q1-2026 | $99M | +1% y/y |
| Real Estate Management Services Adjusted EBITDA · Real Estate Management Services · Q1-2026 | $65M | +7% y/y |
| Leasing Advisory Adjusted EBITDA · Leasing Advisory · Q1-2026 | $117M | +21% y/y |
| Capital Markets Services Adjusted EBITDA · Capital Markets Services · Q1-2026 | $77M | +59% y/y |
Risks flagged
Seasonality and Transaction Timing
“Historically, our quarterly revenue and profits have tended to increase from quarter to quarter as the year progresses.” · word for word
Foreign Exchange Exposure
“Revenue exposed to foreign exchange rates 36%”
Interest Rate Sensitivity
“If short-term interest rates were 50 basis points higher during 2026 on our variable-rate debt, our results would reflect an incremental $0.6 million of interest expense for the three months ended March 31, 2026.” · word for word
17 Apr 2026DEF 14AJLL filed its 2026 proxy statement (DEF 14A) detailing executive compensation, governance, and shareholder proposals.open
Figures in the filing · each found in the filing text
| AIP Adjusted EBITDA · FY2025 | $1.45B | +23% y/y |
| AIP Adjusted EBITDA Margin · FY2025 | 16.2% | |
| Net income attributable to common shareholders · FY2025 | $792M | +45% y/y |
| Adjusted diluted earnings per share · FY2025 | $18.80 | +34% y/y |
12 Mar 20268-K · 7.01Revenue $26.10B; Adjusted EBITDA margin 16.2; Total cash from operations $1.20Bopen
Figures in the filing · each found in the filing text
| Revenue · FY2025 | $26.10B | |
| Adjusted EBITDA margin · FY2025 | 16.2% | |
| Total cash from operations · FY2025 | $1.20B |
3 Mar 20268-K · 7.01Real Estate Management Services Revenue $20.23B; Leasing Advisory Revenue $3.01B; Capital Markets Services Revenue $2.42Bopen
Figures in the filing · each found in the filing text
| Real Estate Management Services Revenue · Real Estate Management Services · FY2025 | $20.23B | |
| Leasing Advisory Revenue · Leasing Advisory · FY2025 | $3.01B | |
| Capital Markets Services Revenue · Capital Markets Services · FY2025 | $2.42B | |
| Investment Management Revenue · Investment Management · FY2025 | $450M | |
| Adjusted EBITDA · FY2025 | $423M |
19 Feb 202610-KFiling text is entirely boilerplate risk factors and business description; no quantified operating or financial signals, no guidance, no segment performance data, no economic mechanism tied to current operations.SEC ↗
18 Feb 20268-K · 2.02Revenue $7.61B (+10% y/y); Diluted earnings per share $8.34 (+66% y/y); Adjusted diluted earnings per share $8.71 (+40% y/y); Guidance: CEO sees significant runway for healthy growth with continued margin expansionearningsopen
Figures in the filing · each found in the filing text
| Revenue · Q4-2025 | $7.61B | +10% y/y |
| Diluted earnings per share · Q4-2025 | $8.34 | +66% y/y |
| Adjusted diluted earnings per share · Q4-2025 | $8.71 | +40% y/y |
| Net income attributable to common shareholders · Q4-2025 | $402M | +67% y/y |
| Adjusted EBITDA · Q4-2025 | $589M | +28% y/y |
| Cash flows from operating activities · Q4-2025 | $1.01B | +9% y/y |
| Free Cash Flow · Q4-2025 | $935M | +8% y/y |
| Real Estate Management Services revenue · Real Estate Management Services · Q4-2025 | $5.56B | +9% y/y |
| Leasing Advisory revenue · Leasing Advisory · Q4-2025 | $1.01B | +17% y/y |
| Capital Markets Services revenue · Capital Markets Services · Q4-2025 | $854M | +19% y/y |
Guidance
CEO sees significant runway for healthy growth with continued margin expansion
CEO expresses confidence in continued growth and margin expansion, with an upcoming Investor Briefing to provide forward strategy and longer-term financial targets.
Risks flagged
Investment Management revenue declined 18% due to lower incentive fees, indicating potential volatility in that segment.
“Investment Management $133.1 million, down 18% in local currency, partially offset by the expected, lower Incentive Fees within Investment Management.”
5 Nov 20258-K · 2.02Revenue $6.51B (+11% y/y); Net income attributable to common shareholders $223M (+44% y/y); Diluted earnings per share $4.61 (+44% y/y); Guidance: Raised midpoint of full-year Adjusted EBITDA targetearningsopen
Figures in the filing · each found in the filing text
| Revenue · Q3-2025 | $6.51B | +11% y/y |
| Net income attributable to common shareholders · Q3-2025 | $223M | +44% y/y |
| Diluted earnings per share · Q3-2025 | $4.61 | +44% y/y |
| Adjusted diluted earnings per share · Q3-2025 | $4.50 | +29% y/y |
| Adjusted EBITDA · Q3-2025 | $347M | +17% y/y |
| Cash flows from operating activities · Q3-2025 | $617M | +136% y/y |
| Free Cash Flow · Q3-2025 | $568M | +162% y/y |
| Real Estate Management Services revenue · Real Estate Management Services · Q3-2025 | $4.98B | +10% y/y |
| Capital Markets Services revenue · Capital Markets Services · Q3-2025 | $612M | +23% y/y |
| Leasing Advisory revenue · Leasing Advisory · Q3-2025 | $742M | +7% y/y |
Guidance
Raised midpoint of full-year Adjusted EBITDA target
Strong Q3 with double-digit revenue growth; raised full-year Adjusted EBITDA midpoint; capital markets momentum.
Risks flagged
Exposure to commercial real estate market cycles; transactional revenue volatility.
“Transactional revenues can be volatile; however, current momentum is strong.”
5 Nov 202510-QJLL reported strong Q3 2025 results with revenue up 10.9% YoY, Adjusted EBITDA up 16.5%, and net income up 43.6%, driven by broad-based segment growth.earningsopen
Figures in the filing · each found in the filing text
| Revenue · Consolidated · Q3-2025 | $6.51B | +11% y/y |
| Adjusted EBITDA · Consolidated · Q3-2025 | $347M | +17% y/y |
| Net income attributable to common shareholders · Consolidated · Q3-2025 | $223M | +44% y/y |
| Capital Markets Services revenue · Capital Markets Services · Q3-2025 | $612M | +23% y/y |
| Leasing Advisory revenue · Leasing Advisory · Q3-2025 | $742M | +7% y/y |
| Real Estate Management Services revenue · Real Estate Management Services · Q3-2025 | $4.98B | +10% y/y |
| Adjusted EBITDA - Capital Markets Services · Capital Markets Services · Q3-2025 | $90M | +37% y/y |
| Adjusted EBITDA - Leasing Advisory · Leasing Advisory · Q3-2025 | $137M | +4% y/y |
| Adjusted EBITDA - Real Estate Management Services · Real Estate Management Services · Q3-2025 | $102M | +8% y/y |
| Adjusted EBITDA - Investment Management · Investment Management · Q3-2025 | $24M | +69% y/y |
Risks flagged
Interest rate exposure
“If short-term interest rates were 50 basis points higher during 2025 on our variable-rate debt, our results would reflect an incremental $4.7 million of interest expense for the nine months ended September 30, 2025.” · word for word
Foreign exchange exposure
“Revenue exposed to foreign exchange rates 37% (2025) vs 39% (2024)”
Transaction revenue volatility
“Within our Leasing Advisory and Capital Markets Services segments, revenue from transaction-based activities is driven by the size and timing of our clients' transactions and can fluctuate significantly from period to period.” · word for word
Government contract awards
federal awards · contract value, often multi-year| Date | Agency | Value | What for |
|---|---|---|---|
| 2026-08-31 | Public Buildings Service | $16M | BPA CALL NO. 47PN0424F0003, MOD PS0005 COMPLETE FACILITIES MAINTENANCE CFM SERVICES FOR VARIOUS LOCATIONS THROUGHOUT THE STATE OF GEORGIA ATLANTA NORTH - OPTION YEAR 2 EXERCISE 9/1 |
| 2026-08-31 | Public Buildings Service | $7M | EXERCISE OPTION YEAR 2 FOR COMBINED FACILITIES MANAGEMENT FOR THE NEW CARROLLTON AND SILVER SPRING METRO CENTER LOCATIONS LOCATED IN MARYLAND. |
| 2026-06-30 | Public Buildings Service | $6M | 47PN0323F0008, MOD PS0007 - PHILLY OPERATIONS AND MAINTENANCE BLANKET PURCHASE AGREEMENT CALL - OPTION PERIOD 05, MULTIPLE LOCATIONS IN PHILADELPHIA, PA |
| 2026-05-27 | Public Buildings Service | $13M | 47PF0022F1079 MOD PS0013 BPA CALL OPTION IV JUNE 1 2026 TO MAY 31 2027 CONSOLIDATED FACILITIES MANAGEMENT CONTRACT 16 VARIOUS LOCATIONS IN CHICAGO, IL. |
| 2025-12-21 | Defense Commissary Agency | $9M | FACILITIES MAINTENANCE FOR THE MG5 COMMISSARIES |
| 2025-12-21 | Defense Commissary Agency | $9M | FACILITIES MAINTENANCE FOR MG1 COMMISSARIES |
Jones Lang LaSalle Incorporated — questions
- What did Jones Lang LaSalle Incorporated file recently?
- 13 SEC filings in the last 12 months. Latest: 8-K on 2026-09-30 — Mihir Shah, CEO of Jones Lang LaSalle Technologies and Global Executive Board member, will depart effective April 1, 2027. Separation agreement includes severance, bonus, and equity treatment.
Every figure on this page comes from Jones Lang LaSalle Incorporated's own SEC filings — see them on SEC EDGAR. Price data is licensed and shown only inside the product.
How these figures are read: methodology · EquiReason.