JLL Reports 66% Increase in Q4 Earnings

By Chris Stiles • Wednesday, February 18 11:29 • Permanent Link

Jones Lang LaSalle Incorporated (NYSE: JLL) recently reported its financial results for the fourth quarter and full year of 2025, showcasing impressive growth and performance across key metrics.

The company achieved a record fourth-quarter diluted earnings per share of $8.34, representing a 66% increase compared to the prior-year quarter. Full-year diluted earnings per share also saw a substantial increase of 44%, reaching $16.40. Adjusted diluted earnings per share for the full year stood at $18.80, marking a 33% increase.

Revenue for the fourth quarter totaled $7.6 billion, up 10% in local currency, with transactional revenues increasing by 15% and resilient revenues by 9%. For the full year, revenue increased by 11% compared to 2024. Transactional revenues increased by 13% collectively, led by investment sales, debt/equity advisory, and leasing, while resilient revenues grew by 11%, highlighted by project management and workplace management.

Net income attributable to common shareholders for the fourth quarter was $401.7 million, representing a 67% increase from the prior-year quarter. For the full year, net income attributable to common shareholders reached $792.1 million, a 45% increase from 2024. Adjusted net income attributable to common shareholders also saw significant growth, reaching $1,419.7 million for the full year, up 34% from the previous year.

The company's adjusted EBITDA for the fourth quarter was $589.1 million, up 30% from the prior-year quarter, and for the full year, it reached $1,452.9 million, marking a 22% increase.

Cash provided by operating activities was a record $1.2 billion for the year, with free cash flow nearly reaching $1.0 billion. Share repurchases were $80.3 million for the quarter, bringing the full-year repurchases to $211.5 million, a substantial increase of 163% compared to 2024.

These results reflect JLL's strong performance and execution of its multi-year strategy, as stated by Christian Ulbrich, JLL CEO. The company also emphasized its significant runway for healthy growth and continued margin expansion, with plans to provide details on its forward strategy and longer-term financial targets in an upcoming investor briefing. Following these announcements, the company's shares moved 0.45%, and are now trading at a price of $355.61. If you want to know more, read the company's complete 8-K report here.

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