JONES LANG LASALLE INC JLL
Jones Lang LaSalle Incorporated, incorporated in 1997, is a Maryland corporation. References to "JLL," "the Company," "we," "us" and "our" refer to Jones Lang LaSalle Incorporated and include all of its consolidated subsidiaries, unless otherwise indicated or the context requires otherwise. Our common stock is listed on The New York Stock Exchange ("NYSE") under the symbol "JLL."
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 WAYSM. 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 ("public sector") entities. Through LaSalle Investment Management (also referred to as "LaSalle" or our "Investment Management" segment), we invest for clients on a global basis in both private assets and publicly traded real estate securities.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $26.12B | $23.43B | $20.76B | $20.86B | $19.37B | $16.59B | $17.98B | $16.32B | $14.45B | $12.99B |
| Total operating expenses | $25.02B | $22.56B | $20.18B | $19.99B | $18.32B | $16.03B | $17.27B | $15.61B | $13.91B | $12.54B |
| Operating income | $1.10B | $868.1M | $576.5M | $868.1M | $1.04B | $559.1M | $715.4M | $706.9M | $545.9M | $455.7M |
| Interest expense | $107.3M | $136.9M | $135.4M | $75.2M | $40.1M | $52.8M | $56.4M | $51.1M | $56.2M | $45.3M |
| Pre-tax income | $981.7M | $679.3M | $251.9M | $994.2M | $1.22B | $529.6M | $697.6M | $706.0M | $535.8M | $463.7M |
| Income tax | $189.5M | $132.5M | $25.7M | $200.8M | $264.3M | $106.9M | $159.7M | $214.3M | $256.3M | $117.8M |
| Net income | $792.0M | $547.0M | $225.0M | $655.0M | $962.0M | $402.5M | $535.3M | $484.5M | $276.4M | $329.7M |
| EPS, basic | 16.73 | 11.51 | 4.73 | 13.51 | 18.89 | 7.79 | 10.98 | 10.64 | 6.09 | 7.29 |
| EPS, diluted | 16.40 | 11.30 | 4.67 | 13.27 | 18.47 | 7.70 | 10.87 | 10.54 | 6.03 | 7.23 |
| Shares, diluted (wtd. avg.) | $48.3M | $48.4M | $48.3M | $49.3M | $52.1M | $52.3M | $49.2M | $45.9M | $45.8M | $45.5M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $599.1M | $416.3M | $663.4M | $746.0M | $841.6M | $839.8M | $652.1M | $634.2M | $471.7M | $454.0M |
| Receivables | $2.30B | $2.15B | $2.10B | $2.15B | $2.00B | $1.64B | $2.03B | $1.85B | — | — |
| Total current assets | $8.18B | $7.48B | $6.86B | $6.57B | $6.39B | $6.45B | $5.87B | $5.21B | — | — |
| Property, plant and equipment | $630.6M | $598.1M | $613.9M | $582.9M | $740.0M | $663.9M | $701.9M | $567.9M | — | — |
| Goodwill | $4.71B | $4.61B | $4.59B | $4.53B | $4.61B | $4.22B | $4.17B | $2.70B | $2.71B | — |
| Other intangibles | $666.7M | $724.1M | $785.0M | $858.5M | $887.0M | $679.8M | $682.6M | $336.9M | — | — |
| Total assets | $17.80B | $16.76B | $16.06B | $15.59B | $15.51B | $14.32B | $13.67B | $10.03B | — | — |
| Accounts payable | $1.40B | $1.32B | $1.41B | $1.24B | $1.26B | $1.23B | $1.29B | $1.26B | — | — |
| Short-term debt | — | — | — | $0 | $274.7M | $0 | $120.1M | $32.7M | — | — |
| Total current liabilities | $7.39B | $7.14B | $6.45B | $5.91B | $6.49B | $6.13B | $5.49B | $4.76B | — | — |
| Total liabilities | $10.18B | $9.87B | $9.65B | $9.44B | $9.08B | $8.70B | $8.46B | $6.29B | — | — |
| Retained earnings | $7.11B | $6.33B | $5.80B | $5.59B | $4.94B | $3.98B | $3.59B | $3.10B | — | — |
| Total equity | $7.50B | $6.77B | $6.41B | $6.14B | $6.41B | $5.61B | $5.20B | $3.73B | $3.38B | $2.89B |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $1.19B | $785.3M | $575.8M | $199.9M | $972.4M | $1.11B | $483.8M | $604.1M | $798.7M | $222.6M |
| Depreciation and amortisation | $201.8M | $189.5M | $168.7M | $157.7M | $164.2M | $169.3M | $157.6M | $156.5M | $136.0M | $117.7M |
| Stock-based compensation | $2.7M | $2.3M | $3.4M | $6.1M | $17.8M | $36.7M | $28.0M | $0 | — | — |
| Capital expenditure | — | — | — | — | — | — | — | $47.1M | $2.3M | $99.8M |
| Investing cash flow | -$336.6M | -$316.8M | -$290.4M | -$243.1M | -$805.8M | -$170.6M | -$1.05B | -$280.4M | -$170.8M | -$805.5M |
| Financing cash flow | -$643.2M | -$451.2M | -$374.3M | -$13.1M | -$143.8M | -$771.2M | $584.6M | -$141.3M | -$623.5M | $636.4M |
| Dividends paid | — | — | — | — | $0 | $0 | $42.7M | $37.8M | $33.1M | $29.4M |
| Buybacks | $211.5M | $80.7M | $61.6M | $601.2M | $343.3M | $100.0M | $0 | $0 | — | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001037976-26-000099.
Others in SIC 6531
| Ticker | Company | Market cap | P/E | Revenue growth |
|---|---|---|---|---|
| COMP | Compass, Inc. | $8.42B | — | 23.7% |
| VAC | MARRIOTT VACATIONS WORLDWIDE Corp | $3.67B | — | 1.0% |
| OPEN | Opendoor Technologies Inc. | $3.06B | — | -15.2% |
| NMRK | NEWMARK GROUP, INC. | $2.72B | 22.4x | 21.9% |
| MMI | Marcus & Millichap, Inc. | $1.21B | — | 8.5% |
| AGNT | AGNT, Inc. | $673.5M | — | 4.5% |
| DOUG | Douglas Elliman Inc. | $164.5M | 10.6x | 3.8% |
| FTHM | Fathom Holdings Inc. | $23.2M | — | 25.4% |