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Companies · JLL

JLL Reported this cycle

Jones Lang LaSalle

Chicago, IL Founded 1997 CRE Services & Brokerage

AI-generated · informational only · not investment advice · verify before relying.

Latest analysis

Updated Jul 30, 2026

JLL raises FY2026 adjusted EPS target to $24.60–$25.90 as advisory revenue accelerates 21% and free cash flow surges 52% in Q2.

JLL delivered a breakout Q2 2026, with adjusted EBITDA up 33% and adjusted EPS up 61%, driven by broad-based acceleration in leasing and capital markets advisory — not cyclical catch-up, but demonstrated share gains over peers across every major property type. Capital Markets Services posted debt advisory growth of 44% and U.S. investment sales growth of 53%, nearly double the broader market, while the resilient REMS segment sustained mid-single-digit fee growth anchored by data center facility management wins that will expand contracted gigawatt capacity by one-third within two quarters. Management raised the full-year adjusted EPS midpoint guidance to reflect 34% growth — a degree of conviction unusual even in a strong cycle, grounded in operating leverage from platform investments and pipeline strength that is disproportionately skewed to the U.S.

Tone: bullish

Revenue

$26.1B

JLL 10-K · FY 2025

Employees

113,200

Revenue FY2024

$23.4B

Founded

1997

Profile

JLL 10-K Item 1 · Feb 19, 2026

Jones Lang LaSalle (JLL) is a global commercial real estate services and investment management company operating in over 80 countries with five reporting segments spanning facilities management, leasing advisory, capital markets, investment management, and property technology solutions. The firm serves real estate owners, occupiers, investors, and developers across virtually every property type, from office and industrial to data centers and healthcare facilities. LaSalle Investment Management, a wholly-owned subsidiary, manages $86.4 billion in AUM across private and public real estate strategies.

Read filing description ↓

JLL is a leading global commercial real estate services and investment management company with annual revenue of $26.1 billion, operations in over 80 countries and a global workforce of more than 113,000 as of December 31, 2025. For over 200 years, clients have trusted JLL, a Fortune 500 company, to help them confidently buy, build, occupy, manage and invest across a variety of industries and property types, including office, industrial, hotel, multi-family, retail and data center properties. 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 WAY. Powered by rich global datasets and leading technology capabilities, we provide coordinated, end-to-end delivery of real estate services for a broad range of global clients who represent a wide variety of industries. Our clients vary greatly in size and include for-profit and not-for-profit entities, public-private partnerships and governmental entities. Through LaSalle Investment Management, we invest for clients on a global basis in both private assets and publicly traded real estate securities. Our global platform and diverse service and product offerings position us to take advantage of the opportunities in a consolidating industry and to successfully navigate the dynamic and challenging markets in which we compete worldwide.

Primary products

  • Workplace Management
  • Project Management
  • Property Management
  • Portfolio Services
  • Agency Leasing
  • Tenant Representation

Business segments

Real Estate Management Services Leasing Advisory Capital Markets Services Investment Management Software and Technology Solutions

End markets

Corporate occupiers Institutional investors Real estate owners Developers Public sector and government entities Not-for-profit entities

Geographies

Americas Europe, Middle East and Africa (EMEA) Asia Pacific Greater China
“Our significant growth over the last decade, and our ability to take advantage of the consolidation which has taken place in our industry, have made us one of the largest commercial real estate services and investment management providers on a global basis, though the industry remains fragmented.” Competitive position, as stated in the filing

Revenue commentary · FY 2025

Total revenue grew from $23.4 billion in 2024 to $26.1 billion in 2025, driven by strength across Real Estate Management Services, Leasing Advisory, and Capital Markets Services.

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Analysis, signals, diligence answers, M&A activity and every quote, each citing the filing it came from.

SeventhBiz analysis 6 signals 12 diligence answers 1 M&A transactions SWOT