JLL Reports Financial Results for First-Quarter 2025

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 currency¹ with Transactional⁴ revenues up 14% and Resilient⁴ 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."