JLL achieved sixth consecutive quarter of double-digit revenue growth and delivered a 45% increase in diluted earnings per share
News release
05 November 2025
JLL Reports Financial Results for Third-Quarter 2025
CHICAGO, November 5, 2025 – Jones Lang LaSalle Incorporated (NYSE: JLL) today reported operating performance for the third quarter of 2025 with diluted earnings per share of $4.61 (up 45%) and adjusted diluted earnings per share1 of $4.50 (up 29%). Transactional4 revenues returned to double-digit growth this quarter and Resilient4 revenues extended its growth streak with top-line increases every quarter stretching back to the reorganization of the company's segments in Q1 2022.
- Third-quarter revenue was $6.5 billion, up 10% in local currency(1) with Resilient(4) revenues up 9% and Transactional(4) revenues up 13%
- Real Estate Management Services' top-line expansion continued, up 10%, driven by Project Management and Workplace Management
- Capital Markets Services achieved 22% growth, led by strength in the debt advisory, investment sales and equity advisory businesses
- Leasing, within Leasing Advisory, outpaced market volumes – up 8% – highlighted by the office sector, globally, as well as U.S. industrial
- Continued profit and margin expansion reflected revenue growth coupled with improved platform leverage
- Year-to-date cash provided by operating activities was $182.3 million, the highest through three quarters since 2021
- Share repurchases increased to $70.0 million this quarter, bringing the year-to-date repurchases to $131.2 million (up 118% versus prior year)
"JLL achieved strong top and bottom-line results as well as impressive free cash flow generation in the third quarter, led by an acceleration in transactional revenue and ongoing momentum in our resilient businesses. The strength of JLL’s diversified platform is reflected in our eight consecutive quarters of double-digit Adjusted EPS growth,” said Christian Ulbrich, JLL CEO. “Looking ahead, we anticipate momentum continuing into the fourth quarter and are raising the mid-point of our full year Adjusted EBITDA target. As the pace of innovation further accelerates, the close alignment between our data, technology and AI capabilities with our core businesses position us well to deepen our client relationships and drive long-term profitable growth."