Jones Lang LaSalle (NYSE:JLL) Releases Earnings Results, Beats Estimates By $0.61 EPS

Jones Lang LaSalle (NYSE:JLL) issued its quarterly earnings data on Wednesday. The financial services provider reported $6.76 earnings per share for the quarter, topping analysts’ consensus estimates of $6.15 by $0.61, FiscalAI reports. The business had revenue of $7.28 billion during the quarter, compared to analysts’ expectations of $7.24 billion. Jones Lang LaSalle had a net margin of 3.89% and a return on equity of 15.05%. Jones Lang LaSalle’s revenue for the quarter was up 11.8% on a year-over-year basis. During the same period in the previous year, the company earned $4.50 earnings per share.

Here are the key takeaways from Jones Lang LaSalle’s conference call:

• JLL reported record third-quarter results, with revenue up 12%, adjusted EBITDA up 33%, and adjusted EPS up 52%. Management raised its full-year 2026 adjusted EPS outlook to $25.20–$26.30, implying 37% growth at the midpoint.
• Leasing Advisory growth accelerated to 27%, supported by broad-based strength in U.S. industrial, office, and data-center activity. JLL raised its full-year Leasing Advisory revenue-growth target to the high teens and cited strong pipelines and forward economic indicators.
• Capital Markets revenue increased 33%, but higher bond yields are causing some repricing, longer decision timelines, and a modest slowdown in pipeline conversion. JLL maintained its mid-teens full-year growth target while noting that fourth-quarter comparisons are particularly challenging.
• Real Estate Management Services benefited from Workplace Management growth, improved terms on retained Asia-Pacific contracts, and platform leverage. Management expects to complete the remaining contract exits by year-end, with related growth headwinds dissipating through 2027.
• JLL plans to begin a $500 million accelerated share repurchase, which management expects to complete by year-end, while retaining substantial liquidity and an active M&A pipeline. The company also expects AI, automation, and platform initiatives to contribute more than 20 basis points of annual margin expansion on average.

Jones Lang LaSalle Stock Performance

Shares of NYSE JLL traded up $4.18 during mid-day trading on Friday, hitting $357.65. The company had a trading volume of 45,574 shares, compared to its average volume of 439,766. Jones Lang LaSalle has a 12 month low of $259.83 and a 12 month high of $393.84. The firm has a market cap of $16.39 billion, a P/E ratio of 15.46 and a beta of 1.30. The business’s 50-day simple moving average is $331.89 and its 200-day simple moving average is $324.47. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.43 and a quick ratio of 2.40.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on JLL shares. Zacks Research lowered shares of Jones Lang LaSalle from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 23rd. Keefe, Bruyette & Woods lowered their price target on Jones Lang LaSalle from $415.00 to $385.00 and set an “outperform” rating on the stock in a research report on Friday, October 9th. Weiss Ratings upgraded Jones Lang LaSalle from a “buy (b-)” rating to a “buy (b)” rating in a research note on Tuesday, August 18th. Barclays boosted their price objective on Jones Lang LaSalle from $368.00 to $401.00 and gave the stock an “equal weight” rating in a research report on Monday, August 17th. Finally, Raymond James Financial restated a “strong-buy” rating and set a $500.00 target price on shares of Jones Lang LaSalle in a research note on Thursday, July 30th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $427.60.

Insider Activity

In related news, CEO Christian Ulbrich sold 2,000 shares of the company’s stock in a transaction on Thursday, August 20th. The stock was sold at an average price of $385.53, for a total value of $771,060.00. Following the completion of the transaction, the chief executive officer directly owned 138,418 shares in the company, valued at approximately $53,364,291.54. This represents a 1.42% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 6,000 shares of company stock worth $2,271,060 in the last quarter. Insiders own 0.91% of the company’s stock.

About Jones Lang LaSalle

Jones Lang LaSalle Incorporated, doing business as JLL, is a global commercial real estate services and investment management company. It serves property owners, occupiers, investors and developers across a broad range of real estate sectors, including office, industrial, retail, residential, hospitality and specialized properties.

JLL’s services include leasing, capital markets and investment sales, property and facilities management, project and development management, valuation and advisory services, workplace strategy, sustainability consulting and real estate technology solutions.