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

Key Points

• JLL beat quarterly expectations, reporting $6.76 in EPS versus the $6.15 consensus and $7.28 billion in revenue versus $7.24 billion expected. Revenue rose 11.8% year over year, while EPS increased from $4.50 a year earlier.
• Management reported record third-quarter results and raised its full-year 2026 adjusted EPS outlook to $25.20–$26.30. Leasing Advisory and Capital Markets delivered strong growth, though higher bond yields are slowing some deal decisions.
• JLL plans a $500 million accelerated share repurchase and expects AI, automation, and platform initiatives to support ongoing margin expansion. Analysts maintain a “Moderate Buy” consensus with an average price target of $427.60.

Jones Lang LaSalle (NYSE:JLL - Get Free Report) released its earnings results 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. During the same quarter in the previous year, the business earned $4.50 EPS. The business's revenue for the quarter was up 11.8% on a year-over-year basis.

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

JLL stock traded up $30.50 during mid-day trading on Wednesday, reaching $330.44. The company had a trading volume of 287,551 shares, compared to its average volume of 435,151. Jones Lang LaSalle has a fifty-two week low of $259.83 and a fifty-two week high of $393.84. The firm has a fifty day simple moving average of $333.42 and a 200 day simple moving average of $324.52. The company has a market capitalization of $15.14 billion, a price-to-earnings ratio of 15.81 and a beta of 1.30.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on JLL shares. Keefe, Bruyette & Woods dropped their price objective on shares of Jones Lang LaSalle from $415.00 to $385.00 and set an "outperform" rating on the stock in a report on Friday, October 9th. Weiss Ratings raised Jones Lang LaSalle from a "buy (b-)" rating to a "buy (b)" rating in a research note on Tuesday, August 18th. Raymond James Financial reissued a "strong-buy" rating and set a $500.00 price objective on shares of Jones Lang LaSalle in a research report on Thursday, July 30th. Citigroup reiterated a "market perform" rating on shares of Jones Lang LaSalle in a research report on Thursday, September 17th. Finally, Barclays boosted their price target on shares of Jones Lang LaSalle from $368.00 to $401.00 and gave the company an "equal weight" rating in a research note on Monday, August 17th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $427.60.

Insider Buying and Selling

In other Jones Lang LaSalle news, CEO Christian Ulbrich sold 2,000 shares of the company's stock in a transaction on Thursday, August 20th. The shares were 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 owned 138,418 shares in the company, valued at $53,364,291.54. This represents a 1.42% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 6,000 shares of company stock valued at $2,271,060 in the last 90 days. Corporate insiders own 0.91% of the company's stock.

Jones Lang LaSalle Company Profile

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.

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