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Jones Lang Lasalle Inc Financials

JLL
Source SEC Filings (10-K/10-Q) Data as of Mar 31, 2026 Currency USD FYE December

This page shows Jones Lang Lasalle Inc (JLL) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 16 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI JLL FY2025

JLL's statements show a high-throughput, low-cash model where margin recovery drives results more than balance-sheet expansion.

The most revealing shift is in cash conversion: operating cash flow reached $1.19B in FY2025, comfortably above $792M of net income after lagging profit earlier in the cycle. That swing, paired with a near-break-even liquidity profile, suggests the company scales by keeping cash moving through the system rather than by holding large surplus cash, so collections and expense timing matter more than headline cash alone.

The margin shape looks like recovery from a trough, not a structurally rich model. Operating margin was only 2.8% at its low point and returned to 4.2% in the latest year, which points more to fixed-cost absorption as activity improved than to a business with a wide built-in cushion; with selling and administrative costs at $11.92B, small margin moves can meaningfully change earnings.

The balance sheet looks workable rather than cash-heavy: cash was $599.1M against $7.39B of current liabilities, so day-to-day resilience appears to depend on turnover more than idle liquidity. Reported debt-to-equity also eased from 1.6x to 1.4x over the period, while goodwill of $4.71B means a large share of book value comes from acquired intangibles rather than instantly deployable resources.

[ NOT FINANCIAL ADVICE ]

Financial Health Signals

FFO Margin FFO Growth Leverage Interest Cov. AFFO Margin Dividend Cov. 37 / 100
Financial Health Score 37/100
Scored as: REITs peer group

Scored against REITs for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →

Health score ≠ stock price. This rates the quality of Jones Lang Lasalle Inc's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

FFO Margin
14
FFO Growth
87
Interest Cov.
98
AFFO Margin
20
Altman Z-Score Safe
3.17

Jones Lang Lasalle Inc scores 3.17, well above the 2.99 safe threshold. This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.

Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.

Piotroski F-Score Partial
7/7

Jones Lang Lasalle Inc passes 7 of 7 computable financial strength tests (2 of the nine could not be computed from available data). All 4 profitability signals pass (positive income, cash flow, and earnings quality), all 2 leverage/liquidity signals pass, both operating efficiency signals pass.

Earnings Quality Cash-Backed
1.51x

For every $1 of reported earnings, Jones Lang Lasalle Inc generates $1.51 in operating cash flow ($1.2B OCF vs $792.0M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Interest Coverage Safe
10.2x

Jones Lang Lasalle Inc earns $10.2 in operating income for every $1 of interest expense ($1.1B vs $107.3M). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.

Key Financial Metrics

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Earnings & Revenue

Revenue
$26.1B
YoY+11.4%
5Y CAGR+9.5%
10Y CAGR+19.3%

Jones Lang Lasalle Inc generated $26.1B in revenue in fiscal year 2025. This represents an increase of 11.4% from the prior year.

EBITDA
$1.4B
YoY+20.2%
5Y CAGR+11.5%
10Y CAGR+11.7%

Jones Lang Lasalle Inc's EBITDA was $1.4B in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 20.2% from the prior year.

Net Income
$792.0M
YoY+44.8%
5Y CAGR+14.5%
10Y CAGR+11.4%

Jones Lang Lasalle Inc reported $792.0M in net income in fiscal year 2025. This represents an increase of 44.8% from the prior year.

EPS (Diluted)
$16.40
YoY+45.1%
5Y CAGR+16.3%
10Y CAGR+10.6%

Jones Lang Lasalle Inc earned $16.40 per diluted share (EPS) in fiscal year 2025. This represents an increase of 45.1% from the prior year.

Cash & Balance Sheet

Free Cash Flow
N/A
Cash & Debt
$599.1M
YoY+43.9%
5Y CAGR+0.8%
10Y CAGR+14.6%

Jones Lang Lasalle Inc held $599.1M in cash against $0 in long-term debt as of fiscal year 2025.

Dividends Per Share
N/A
Shares Outstanding
47M
YoY-1.1%
5Y CAGR-1.7%
10Y CAGR+0.5%

Jones Lang Lasalle Inc had 47M shares outstanding in fiscal year 2025. This represents a decrease of 1.1% from the prior year.

Margins & Returns

Gross Margin
N/A
Operating Margin
4.2%
YoY+0.5pp
5Y CAGR+0.8pp
10Y CAGR-4.1pp

Jones Lang Lasalle Inc's operating margin was 4.2% in fiscal year 2025, reflecting core business profitability. This is up 0.5 percentage points from the prior year.

Net Margin
3.0%
YoY+0.7pp
5Y CAGR+0.6pp
10Y CAGR-3.0pp

Jones Lang Lasalle Inc's net profit margin was 3.0% in fiscal year 2025, showing the share of revenue converted to profit. This is up 0.7 percentage points from the prior year.

Return on Equity
10.6%
YoY+2.5pp
5Y CAGR+3.3pp
10Y CAGR-1.8pp

Jones Lang Lasalle Inc's ROE was 10.6% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 2.5 percentage points from the prior year.

Capital Allocation

R&D Spending
N/A
Share Buybacks
$211.5M
YoY+162.1%
5Y CAGR+16.2%

Jones Lang Lasalle Inc spent $211.5M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents an increase of 162.1% from the prior year.

Capital Expenditures
N/A

JLL Income Statement

Metric Q1'26 Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24
Revenue $6.4B-16.1% $7.6B+16.9% $6.5B+4.2% $6.3B+8.8% $5.7B-15.6% $6.8B+16.1% $5.9B+4.3% $5.6B
Cost of Revenue N/A N/A N/A N/A N/A N/A N/A N/A
Gross Profit N/A N/A N/A N/A N/A N/A N/A N/A
R&D Expenses N/A N/A N/A N/A N/A N/A N/A N/A
SG&A Expenses $2.9B-13.6% $3.4B+12.8% $3.0B+6.3% $2.8B+6.0% $2.7B-14.4% $3.1B+9.5% $2.9B+9.8% $2.6B
Operating Income $204.6M-59.6% $506.9M+85.2% $273.7M+38.7% $197.4M+64.5% $120.0M-67.8% $373.2M+63.5% $228.3M+49.8% $152.4M
Interest Expense -$17.0M+6.6% -$18.2M+37.7% -$29.2M+17.3% -$35.3M-43.5% -$24.6M+7.5% -$26.6M+30.2% -$38.1M+8.6% -$41.7M
Income Tax $38.1M-60.4% $96.2M+82.9% $52.6M+97.0% $26.7M+90.7% $14.0M-76.1% $58.7M+57.0% $37.4M+82.4% $20.5M
Net Income $159.4M-60.3% $401.6M+80.6% $222.4M+101.3% $110.5M+92.2% $57.5M-76.2% $241.4M+55.6% $155.1M+83.8% $84.4M
EPS (Diluted) $3.33 N/A $4.61+98.7% $2.32+103.5% $1.14 N/A $3.20+82.9% $1.75

JLL Balance Sheet

Metric Q1'26 Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24
Total Assets $17.9B+0.5% $17.8B+3.6% $17.2B-0.9% $17.3B+4.3% $16.6B-0.8% $16.8B-5.9% $17.8B+12.0% $15.9B
Current Assets $8.3B+1.5% $8.2B+7.0% $7.6B-2.7% $7.9B+8.5% $7.2B-3.3% $7.5B-11.0% $8.4B+26.7% $6.6B
Cash & Equivalents $436.2M-27.2% $599.1M+39.7% $428.9M+6.9% $401.4M-7.2% $432.4M+3.9% $416.3M-4.9% $437.8M+3.2% $424.4M
Inventory N/A N/A N/A N/A N/A N/A N/A N/A
Accounts Receivable $2.2B-6.1% $2.3B+13.9% $2.0B-1.3% $2.0B+1.7% $2.0B-6.5% $2.2B+7.8% $2.0B+4.6% $1.9B
Goodwill $4.7B-0.3% $4.7B0.0% $4.7B-0.2% $4.7B+1.6% $4.6B+0.7% $4.6B-1.2% $4.7B+1.3% $4.6B
Total Liabilities $10.5B+2.8% $10.2B+3.0% $9.9B-2.9% $10.2B+5.3% $9.7B-2.0% $9.9B-10.7% $11.0B+17.4% $9.4B
Current Liabilities $7.4B0.0% $7.4B+6.2% $7.0B-2.9% $7.2B+8.1% $6.6B-7.2% $7.1B-11.0% $8.0B+45.6% $5.5B
Long-Term Debt N/A N/A N/A N/A N/A N/A N/A N/A
Total Equity $7.3B-2.6% $7.5B+4.6% $7.2B+1.9% $7.0B+2.9% $6.8B+1.0% $6.8B+1.9% $6.6B+4.2% $6.4B
Retained Earnings $7.2B+1.6% $7.1B+6.0% $6.7B+3.4% $6.5B+1.7% $6.4B+0.8% $6.3B+3.9% $6.1B+2.6% $5.9B

JLL Cash Flow Statement

Metric Q1'26 Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24
Operating Cash Flow -$755.0M-174.6% $1.0B+64.0% $617.1M+85.4% $332.8M+143.4% -$767.6M-182.8% $927.3M+254.5% $261.6M-4.5% $273.9M
Capital Expenditures N/A N/A N/A N/A N/A N/A N/A N/A
Free Cash Flow N/A N/A N/A N/A N/A N/A N/A N/A
Investing Cash Flow -$61.3M+27.9% -$85.0M-66.0% -$51.2M-7.6% -$47.6M+68.8% -$152.8M-56.2% -$97.8M-50.7% -$64.9M+35.0% -$99.8M
Financing Cash Flow $649.4M+190.7% -$716.0M-31.4% -$544.7M-92.3% -$283.2M-131.4% $900.7M+212.6% -$800.2M-267.7% -$217.6M-59.1% -$136.8M
Dividends Paid N/A N/A N/A N/A N/A N/A N/A N/A
Share Buybacks $300.0M+269.0% $81.3M+15.6% $70.3M+74.9% $40.2M+104.1% $19.7M-3.0% $20.3M+1.5% $20.0M-2.0% $20.4M

JLL Financial Ratios

Metric Q1'26 Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24
Gross Margin N/A N/A N/A N/A N/A N/A N/A N/A
Operating Margin 3.2%-3.5pp 6.7%+2.5pp 4.2%+1.0pp 3.2%+1.1pp 2.1%-3.4pp 5.5%+1.6pp 3.9%+1.2pp 2.7%
Net Margin 2.5%-2.8pp 5.3%+1.9pp 3.4%+1.7pp 1.8%+0.8pp 1.0%-2.5pp 3.5%+0.9pp 2.6%+1.1pp 1.5%
Return on Equity 2.2%-3.2pp 5.3%+2.3pp 3.1%+1.5pp 1.6%+0.7pp 0.8%-2.7pp 3.6%+1.2pp 2.3%+1.0pp 1.3%
Return on Assets 0.9%-1.4pp 2.3%+1.0pp 1.3%+0.7pp 0.6%+0.3pp 0.4%-1.1pp 1.4%+0.6pp 0.9%+0.3pp 0.5%
Current Ratio 1.12+0.0 1.110.0 1.100.0 1.100.0 1.09+0.0 1.050.0 1.05-0.2 1.20
Debt-to-Equity 1.43+0.1 1.36-0.0 1.38-0.1 1.45+0.0 1.41-0.0 1.46-0.2 1.66+0.2 1.48
FCF Margin N/A N/A N/A N/A N/A N/A N/A N/A

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Frequently Asked Questions

Jones Lang Lasalle Inc (JLL) reported $26.1B in total revenue for fiscal year 2025. This represents a 11.4% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

Jones Lang Lasalle Inc (JLL) revenue grew by 11.4% year-over-year, from $23.4B to $26.1B in fiscal year 2025.

Yes, Jones Lang Lasalle Inc (JLL) reported a net income of $792.0M in fiscal year 2025, with a net profit margin of 3.0%.

Jones Lang Lasalle Inc (JLL) reported diluted earnings per share of $16.40 for fiscal year 2025. This represents a 45.1% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Jones Lang Lasalle Inc (JLL) had EBITDA of $1.4B in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

Jones Lang Lasalle Inc (JLL) had an operating margin of 4.2% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

Jones Lang Lasalle Inc (JLL) had a net profit margin of 3.0% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Jones Lang Lasalle Inc (JLL) has a return on equity of 10.6% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

Jones Lang Lasalle Inc (JLL) generated $1.2B in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

Jones Lang Lasalle Inc (JLL) had $17.8B in total assets as of fiscal year 2025, including both current and long-term assets.

Yes, Jones Lang Lasalle Inc (JLL) spent $211.5M on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

Jones Lang Lasalle Inc (JLL) had 47M shares outstanding as of fiscal year 2025.

Jones Lang Lasalle Inc (JLL) had a current ratio of 1.11 as of fiscal year 2025, which is considered adequate.

Jones Lang Lasalle Inc (JLL) had a debt-to-equity ratio of 1.36 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

Jones Lang Lasalle Inc (JLL) had a return on assets of 4.5% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

Jones Lang Lasalle Inc (JLL) has an Altman Z-Score of 3.17, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.

Jones Lang Lasalle Inc (JLL) has a Piotroski F-Score of 7 out of 7 computable signals; 2 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Jones Lang Lasalle Inc (JLL) has an earnings quality ratio of 1.51x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Jones Lang Lasalle Inc (JLL) has an interest coverage ratio of 10.2x, meaning it can comfortably cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.

Jones Lang Lasalle Inc (JLL) scores 37 out of 100 on our Financial Health Score, indicating weak standing within its REITs peer group. The score is a 0-100 composite of six dimensions (FFO Margin, FFO Growth, Leverage, Interest Cov., AFFO Margin, Dividend Cov.), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.

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