Broad-based increases in resilient and transactional revenues drove fourth consecutive quarter of double-digit revenue growth
News release
07 May 2025
JLL Reports Financial Results for First-Quarter 2025
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CHICAGO, May 7, 2025 – Jones Lang LaSalle Incorporated (NYSE: JLL) today reported operating performance for the first quarter of 2025 with diluted earnings per share of $1.14 (down 19%, driven by non-cash losses) and adjusted diluted earnings per share1 of $2.31 (up 28%). Growth momentum of Resilient4 and Transactional4 revenues continued as both achieved double-digit increases again this quarter.
- First-quarter revenue was $5.7 billion, up 13% in local currency(1) with Transactional(4) revenues up 14% and Resilient(4) revenues up 13%
- Real Estate Management Services' momentum continued, up 14%, driven by Workplace Management and Project Management
- Leasing, within Leasing Advisory, increased 15% with broad-based growth across all asset classes, led by the U.S.
- Capital Markets Services achieved 16% growth highlighted by performance of the debt advisory and investment sales businesses
- Bottom-line performance reflected revenue growth and improved platform leverage partially offset by incremental investments in technology
- Previously announced changes in the company's reporting segments took effect January 1
"Broad-based revenue growth and the 28% increase in Adjusted EPS in the first quarter are a reflection of JLL’s multi-year focus on platform differentiation, efficiency and resiliency," said Christian Ulbrich, JLL CEO. "As we enter the second quarter with a notably more volatile market backdrop, our pipelines are healthy and we have conviction in both the long-term fundamentals supporting our industry and the agility we have developed across our organization. Looking ahead, our ongoing investments to further unify our data, technology and people position us well to navigate real estate cycles and continue to deliver superior client outcomes."
About JLL
For over 200 years, JLL (NYSE: JLL), a leading global commercial real estate and investment management company, has helped clients buy, build, occupy, manage and invest in a variety of commercial, industrial, hotel, residential and retail properties. A Fortune 500® company with annual revenue of $23.4 billion and operations in over 80 countries around the world, our more than 112,000 employees bring the power of a global platform combined with local expertise. Driven by our purpose to shape the future of real estate for a better world, we help our clients, people and communities SEE A BRIGHTER WAYSM. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.