Jones Lang LaSalle (JLL) Financials

$316.76 +3.74 (+1.19%)

As of 11:59 AM Eastern

Annual Income Statements for Jones Lang LaSalle

This table shows Jones Lang LaSalle's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Net Income / (Loss) Attributable to Common Shareholders	438	329	276	484	534	403	962	655	225	547
Consolidated Net Income / (Loss)	446	346	280	492	538	423	959	793	226	547
Net Income / (Loss) Continuing Operations	446	346	280	492	18,521	423	959	793	226	547
Total Pre-Tax Income	579	464	536	706	698	530	1,224	994	252	679
Total Revenue	77	13,025	14,498	16,351	35,966	16,590	19,367	20,862	20,761	23,433
Net Interest Income / (Expense)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Interest Income	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Non-Interest Income	77	13,025	14,498	16,351	35,966	16,590	19,367	20,862	20,761	23,433
Other Non-Interest Income	-	12,991	14,453	16,318	35,966	16,590	19,367	20,862	20,761	23,433
Total Non-Interest Expense	-502	12,561	13,962	15,645	17,266	16,016	18,313	19,844	20,179	22,546
Salaries and Employee Benefits	3,565	4,041	4,622	5,207	5,813	7,708	9,536	10,011	9,771	10,995
Other Operating Expenses	1,729	8,285	9,143	10,231	11,068	7,954	8,486	9,650	10,075	11,291
Depreciation Expense	108	142	167	186	202	226	218	228	238	256
Impairment Charge	34	69	31	39	184	142	85	105	101	23
Other Special Charges	-5,938	26	-1.70	-17	-2.30	-15	-11	-150	-4.90	-19
Nonoperating Income / (Expense), net	-	-	-	-	-20	-45	169	-24	-330	-208
Income Tax Expense	133	118	256	214	160	107	264	201	26	133
Net Income / (Loss) Attributable to Noncontrolling Interest	7.60	16	3.10	7.20	2.60	20	-2.30	139	0.80	0.00
Other Adjustment to Net Income / (Loss) Attributable to Common Shareholders)	0.30	0.40	-	-	0.90	0.00	0.00	0.00	0.00	0.00
Basic Earnings per Share	$9.75	$7.29	$6.09	$10.64	$10.98	$7.79	$18.89	$13.51	$4.73	$11.51
Weighted Average Basic Shares Outstanding	44.94M	45.15M	45.32M	45.52M	48.65M	51.68M	50.92M	48.45M	47.63M	47.49M
Diluted Earnings per Share	$9.65	$7.23	$6.03	$10.54	$10.87	$7.70	$18.47	$13.27	$4.67	$11.30
Weighted Average Diluted Shares Outstanding	45.42M	45.53M	45.76M	45.93M	49.15M	52.28M	52.07M	49.34M	48.29M	48.37M
Weighted Average Basic & Diluted Shares Outstanding	45M	45.10M	563.30M	45.50M	51.57M	102.22M	99.77M	95.20M	94.89M	47.39M

This table shows Jones Lang LaSalle's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025
Net Income / (Loss) Attributable to Common Shareholders	140	175	-9.20	2.50	60	172	66	84	155	241	55
Consolidated Net Income / (Loss)	138	176	-8.70	3.20	59	172	66	85	155	242	58
Net Income / (Loss) Continuing Operations	138	176	-8.70	3.20	59	172	66	85	155	242	58
Total Pre-Tax Income	180	221	-11	4.00	74	185	82	105	192	301	72
Total Revenue	5,178	10,388	4,716	5,053	5,111	5,881	5,125	5,629	5,869	6,811	5,746
Net Interest Income / (Expense)	0.00	-	0.00	0.00	0.00	-	0.00	0.00	0.00	-	0.00
Total Interest Income	0.00	-	0.00	0.00	0.00	-	0.00	0.00	0.00	-	0.00
Total Interest Expense	0.00	-	0.00	0.00	0.00	-	0.00	0.00	0.00	-	0.00
Total Non-Interest Income	5,178	10,388	4,716	5,053	5,111	5,881	5,125	5,629	5,869	6,811	5,746
Other Non-Interest Income	5,178	-	4,716	5,053	5,111	5,881	5,125	5,629	5,869	6,811	5,746
Total Non-Interest Expense	4,974	10,127	4,698	4,905	4,989	5,588	5,009	5,467	5,638	6,433	5,625
Salaries and Employee Benefits	2,496	2,549	2,253	2,417	2,435	2,666	2,416	2,599	2,855	3,125	2,675
Other Operating Expenses	2,402	2,700	2,352	2,415	2,467	2,841	2,532	2,803	2,729	3,227	2,861
Depreciation Expense	56	63	58	60	59	62	61	62	66	67	72
Impairment Charge	21	38	36	12	32	22	1.70	12	-8.80	19	20
Other Special Charges	-0.50	4,777	-0.10	1.20	-3.00	-3.00	-1.50	-9.70	-2.90	-4.80	-1.70
Nonoperating Income / (Expense), net	-23	-	-29	-144	-48	-108	-34	-57	-39	-77	-50
Income Tax Expense	42	45	-2.30	0.80	15	13	16	21	37	59	14
Net Income / (Loss) Attributable to Noncontrolling Interest	-2.10	1.10	0.50	0.70	-0.40	-	-0.50	0.10	-0.30	0.70	2.20
Other Adjustment to Net Income / (Loss) Attributable to Common Shareholders)	0.00	-	0.00	0.00	0.00	-	0.00	0.00	0.00	-	0.00
Basic Earnings per Share	$2.93	$3.68	($0.19)	$0.05	$1.25	$3.62	$1.39	$1.77	$3.26	$5.09	$1.17
Weighted Average Basic Shares Outstanding	47.86M	48.45M	47.56M	47.75M	47.66M	47.63M	47.49M	47.54M	47.51M	47.49M	47.47M
Diluted Earnings per Share	$2.88	$3.63	($0.19)	$0.05	$1.23	$3.58	$1.37	$1.75	$3.20	$4.98	$1.14
Weighted Average Diluted Shares Outstanding	48.63M	49.34M	0.00	48.33M	48.39M	48.29M	48.28M	48.32M	48.50M	48.37M	48.38M
Weighted Average Basic & Diluted Shares Outstanding	47.46M	95.20M	47.76M	47.68M	47.57M	94.89M	47.56M	47.46M	47.44M	47.39M	47.47M
Cash Dividends to Common per Share	$0.00	-	$0.00	$0.00	$0.00	-	$0.00	$0.00	$0.00	-	$0.00

This table details how cash moves in and out of Jones Lang LaSalle's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Net Change in Cash & Equivalents	-34	47	18	179	18	188	1.80	-96	-83	-11
Net Cash From Operating Activities	376	223	799	604	484	1,115	972	200	576	785
Net Cash From Continuing Operating Activities	376	223	799	621	484	1,115	972	200	576	785
Net Income / (Loss) Continuing Operations	446	346	280	492	538	423	959	793	226	547
Consolidated Net Income / (Loss)	446	346	280	492	538	423	959	793	226	547
Provision For Loan Losses	15	21	26	19	31	46	12	27	20	38
Depreciation Expense	108	142	167	186	202	226	218	228	238	256
Amortization Expense	23	30	25	32	80	89	101	86	83	97
Non-Cash Adjustments to Reconcile Net Income	-17	-8.90	-15	5.50	-24	-89	-265	-164	243	112
Changes in Operating Assets and Liabilities, net	-199	-308	316	-130	-343	420	-52	-770	-234	-265
Net Cash From Investing Activities	-585	-806	-171	-280	-1,050	-171	-806	-243	-290	-317
Net Cash From Continuing Investing Activities	-585	-806	-171	-280	-1,050	-171	-806	-243	-290	-317
Acquisitions	-	-	-	-101	-	-	-	0.00	0.00	3.70
Purchase of Investment Securities	-587	-798	-213	-221	-1,127	-230	-774	-244	-310	-335
Sale and/or Maturity of Investments	57	92	45	52	156	58	39	0.90	20	15
Net Cash From Financing Activities	192	636	-624	-141	585	-771	-144	-13	-374	-451
Net Cash From Continuing Financing Activities	192	636	-624	-141	585	-771	-144	-13	-374	-451
Issuance of Debt	2,173	3,145	3,468	3,149	5,951	5,153	5,186	7,560	8,059	8,953
Issuance of Common Equity	12	2.80	3.60	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Repayment of Debt	-1,889	-2,456	-4,013	-3,186	-5,339	-5,742	-4,944	-6,740	-8,284	-9,275
Repurchase of Common Equity	-	-	-	0.00	0.00	-100	-343	-601	-62	-81
Other Financing Activities, Net	-79	-26	-49	-70	-25	-81	-61	-232	-81	-48
Effect of Exchange Rate Changes	-17	-7.00	13	-20	-0.80	15	-21	-39	6.30	-28
Cash Interest Paid	22	35	48	49	59	50	39	74	145	147
Cash Income Taxes Paid	156	144	145	-153	-281	-139	-263	-321	-159	-285

This table details how cash moves in and out of Jones Lang LaSalle's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025
Net Change in Cash & Equivalents	-74	17	-11	-122	-20	70	-38	32	-8.00	3.10	-8.00
Net Cash From Operating Activities	138	602	-716	237	326	729	-678	274	262	927	-768
Net Cash From Continuing Operating Activities	138	602	-716	237	326	729	-678	274	262	927	-768
Net Income / (Loss) Continuing Operations	138	176	-8.70	3.20	59	172	66	85	155	242	58
Consolidated Net Income / (Loss)	138	176	-8.70	3.20	59	172	66	85	155	242	58
Provision For Loan Losses	5.60	9.60	7.10	12	2.70	-1.40	9.90	22	3.00	3.30	9.40
Depreciation Expense	56	63	58	60	59	62	61	62	66	67	72
Amortization Expense	27	12	18	37	4.40	23	13	47	20	19	24
Non-Cash Adjustments to Reconcile Net Income	0.90	37	9.10	111	34	89	7.30	39	9.10	57	47
Changes in Operating Assets and Liabilities, net	-89	304	-799	14	166	385	-834	19	9.70	540	-977
Net Cash From Investing Activities	-85	-95	-74	-87	-60	-70	-54	-100	-65	-98	-153
Net Cash From Continuing Investing Activities	-85	-95	-74	-87	-60	-70	-54	-100	-65	-98	-153
Acquisitions	-	-	-	-	-	-	-	-	-	-	0.00
Purchase of Investment Securities	-74	40	-82	-86	-74	-68	-61	-101	-75	-98	-157
Sale and/or Maturity of Investments	-6.40	-2.90	8.10	-0.80	14	-2.00	6.30	1.30	6.70	0.20	4.60
Other Investing Activities, net	-4.60	-	0.00	-	-	-	0.00	-	-	-	0.00
Net Cash From Financing Activities	-101	-514	775	-271	-273	-606	703	-137	-218	-800	901
Net Cash From Continuing Financing Activities	-101	-514	775	-271	-273	-606	703	-137	-218	-800	901
Issuance of Debt	1,818	1,694	2,606	1,817	1,546	2,090	2,741	1,956	2,131	2,124	3,232
Repayment of Debt	-1,746	-2,159	-1,793	-2,060	-1,787	-2,644	-1,990	-2,073	-2,319	-2,893	-2,279
Repurchase of Common Equity	-149	-4.60	0.00	-20	-20	-22	-20	-20	-20	-20	-20
Payment of Dividends	-	-	0.00	-	-	-6.50	0.00	-	-	-	0.00
Other Financing Activities, Net	-24	-45	-37	-8.90	-12	-23	-28	0.30	-10	-11	-32
Effect of Exchange Rate Changes	-26	24	4.50	-0.70	-13	16	-9.70	-5.00	13	-26	12
Cash Interest Paid	15	33	24	41	41	39	23	53	30	42	19
Cash Income Taxes Paid	-82	-38	-35	-68	-23	-32	-41	-149	-53	-42	-31

This table presents Jones Lang LaSalle's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Total Assets	6,187	7,629	9,254	10,026	13,673	14,317	15,505	15,594	16,065	16,764
Cash and Due from Banks	217	259	268	481	452	574	594	519	410	416
Loans and Leases, Net of Allowance	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Premises and Equipment, Net	423	501	544	568	702	664	740	583	614	598
Mortgage Servicing Rights	265	601	318	331	527	1,529	822	463	677	771
Goodwill	2,142	2,579	2,709	2,698	4,168	4,225	4,612	4,528	4,587	4,611
Intangible Assets	227	295	305	337	683	680	887	859	785	724
Other Assets	2,913	3,395	5,111	5,611	7,141	6,645	7,850	8,642	8,991	9,643
Total Liabilities & Shareholders' Equity	6,187	7,629	9,254	10,026	13,673	14,317	15,505	15,594	16,065	16,764
Total Liabilities	3,458	4,808	5,872	6,291	8,459	8,699	9,084	9,444	9,655	9,869
Short-Term Debt	312	670	387	351	274	1,664	576	321	310	1,351
Other Short-Term Payables	2,138	2,268	3,927	4,411	4,701	4,402	5,114	5,136	5,474	5,793
Long-Term Debt	512	1,178	675	656	1,693	693	1,330	2,042	2,053	845
Other Long-Term Liabilities	495	692	883	874	1,792	1,878	2,064	1,946	1,819	1,879
Redeemable Noncontrolling Interest	11	6.80	3.80	0.00	8.60	7.80	7.80	7.00	0.00	0.00
Total Equity & Noncontrolling Interests	2,718	2,815	3,378	3,735	5,205	5,610	6,413	6,143	6,410	6,895
Total Preferred & Common Equity	2,689	2,790	3,340	3,692	5,118	5,521	6,185	6,021	6,294	6,772
Total Common Equity	2,689	2,790	3,340	3,692	5,118	5,521	6,185	6,021	6,294	6,772
Common Stock	981	1,008	1,032	1,052	1,958	2,018	2,049	2,013	2,010	2,021
Retained Earnings	2,044	2,333	2,649	3,096	3,588	3,976	4,938	5,590	5,796	6,335
Treasury Stock	-	-	-	-	0.00	-96	-406	-935	-920	-938
Accumulated Other Comprehensive Income / (Loss)	-336	-551	-341	-456	-428	-377	-395	-648	-592	-647
Noncontrolling Interest	30	25	38	43	87	89	229	122	116	124

This table presents Jones Lang LaSalle's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025
Period end date	9/30/2022	3/31/2023	6/30/2023	9/30/2023	3/31/2024	6/30/2024	9/30/2024	3/31/2025
Total Assets	15,379	15,849	15,826	15,481	15,482	15,909	17,817	16,631
Cash and Due from Banks	489	485	403	390	397	424	438	432
Loans and Leases, Net of Allowance	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Premises and Equipment, Net	732	586	586	589	600	597	599	586
Mortgage Servicing Rights	672	882	1,049	705	322	642	2,056	602
Goodwill	4,455	4,544	4,578	4,542	4,569	4,609	4,667	4,643
Intangible Assets	862	833	821	803	763	744	721	702
Other Assets	8,169	8,519	8,390	8,451	8,832	8,892	9,336	9,667
Total Liabilities & Shareholders' Equity	15,379	15,849	15,826	15,481	15,482	15,909	17,817	16,631
Total Liabilities	9,369	9,687	9,634	9,311	9,075	9,411	11,048	9,669
Short-Term Debt	1,077	266	276	118	283	282	1,060	1,142
Other Short-Term Payables	4,327	4,186	4,273	4,733	4,494	4,577	4,915	4,884
Long-Term Debt	1,929	3,283	3,163	2,536	2,474	2,686	3,170	1,782
Other Long-Term Liabilities	2,036	1,953	1,922	1,924	1,824	1,867	1,904	1,861
Redeemable Noncontrolling Interest	7.20	7.10	7.10	6.80	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	6,002	6,155	6,185	6,163	6,408	6,498	6,769	6,962
Total Preferred & Common Equity	5,772	6,034	6,065	6,045	6,294	6,379	6,647	6,839
Total Common Equity	5,772	6,034	6,065	6,045	6,294	6,379	6,647	6,839
Common Stock	2,030	1,972	2,004	1,999	1,966	2,002	2,009	1,990
Retained Earnings	5,416	5,567	5,568	5,625	5,858	5,942	6,095	6,383
Treasury Stock	-951	-884	-896	-907	-901	-914	-922	-924
Accumulated Other Comprehensive Income / (Loss)	-723	-621	-611	-671	-629	-651	-535	-611
Noncontrolling Interest	231	121	120	118	114	119	122	123

This table displays calculated financial ratios and metrics derived from Jones Lang LaSalle's official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	60.25%	16,728.17%	11.31%	12.79%	119.96%	-53.87%	16.74%	7.72%	-0.49%	12.87%
EBITDA Growth	18.28%	-10.47%	14.52%	26.91%	1,954.86%	-95.31%	54.28%	-2.94%	-32.27%	37.43%
EBIT Growth	19.25%	-19.93%	15.55%	31.77%	2,548.85%	-96.93%	83.55%	-3.41%	-42.91%	52.56%
NOPAT Growth	15.03%	-22.50%	-19.20%	75.92%	12.55%	-17.16%	80.29%	-1.68%	-35.76%	36.76%
Net Income Growth	15.03%	-22.50%	-19.20%	75.92%	9.40%	-21.42%	126.95%	-17.29%	-71.49%	141.73%
EPS Growth	13.26%	-25.08%	-16.60%	74.79%	3.13%	-29.16%	139.87%	-28.15%	-64.81%	141.97%
Operating Cash Flow Growth	-24.67%	-40.77%	258.81%	-24.36%	-19.91%	130.41%	-12.77%	-79.44%	188.04%	36.38%
Free Cash Flow Firm Growth	-175.49%	-307.92%	165.58%	-61.39%	-1,067.63%	82.14%	240.96%	32.26%	-58.30%	50.73%
Invested Capital Growth	21.76%	31.39%	-4.83%	6.68%	51.45%	11.08%	4.41%	2.22%	3.06%	3.64%
Revenue Q/Q Growth	103.48%	31,437.53%	-37.35%	3.42%	80.67%	-54.73%	35.27%	27.05%	-17.83%	4.13%
EBITDA Q/Q Growth	3.46%	3.81%	6.87%	12.37%	2,850.33%	-96.34%	151.24%	-12.76%	4.38%	7.37%
EBIT Q/Q Growth	-0.48%	-3.96%	3.94%	9.27%	2,199.34%	-97.62%	135.27%	-15.22%	5.96%	10.54%
NOPAT Q/Q Growth	0.82%	-5.54%	-26.43%	34.27%	19.01%	3.58%	4.01%	-21.73%	127.29%	5.11%
Net Income Q/Q Growth	0.82%	-5.54%	-26.43%	34.27%	15.68%	-4.50%	20.71%	-23.59%	-1.52%	14.56%
EPS Q/Q Growth	0.31%	-5.61%	-27.00%	34.78%	11.95%	-8.88%	21.91%	-25.24%	-1.06%	14.14%
Operating Cash Flow Q/Q Growth	-14.27%	-8.05%	22.46%	16.02%	37.09%	1.48%	1.09%	-44.50%	28.47%	33.69%
Free Cash Flow Firm Q/Q Growth	-140.76%	24.58%	79.96%	271.72%	7.40%	-35.46%	304.95%	-55.49%	-38.02%	126.37%
Invested Capital Q/Q Growth	10.94%	1.73%	-5.23%	-8.28%	-6.39%	-4.62%	-11.30%	-5.59%	-0.58%	-17.34%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
EBITDA Margin	917.18%	4.88%	5.02%	5.65%	52.78%	5.36%	7.09%	6.39%	4.35%	5.29%
EBIT Margin	748.19%	3.56%	3.70%	4.32%	52.00%	3.46%	5.44%	4.88%	2.80%	3.79%
Profit (Net Income) Margin	576.62%	2.66%	1.93%	3.01%	1.50%	2.55%	4.95%	3.80%	1.09%	2.33%
Tax Burden Percent	77.07%	74.60%	52.17%	69.65%	77.11%	79.82%	78.40%	79.80%	89.80%	80.49%
Interest Burden Percent	100.00%	100.00%	100.00%	100.00%	3.73%	92.20%	116.06%	97.62%	43.33%	76.58%
Effective Tax Rate	22.93%	25.40%	47.84%	30.35%	22.89%	20.19%	21.60%	20.20%	10.20%	19.51%
Return on Invested Capital (ROIC)	13.79%	8.41%	6.13%	10.71%	9.28%	6.05%	10.14%	9.65%	6.04%	7.99%
ROIC Less NNEP Spread (ROIC-NNEP)	13.79%	8.41%	6.13%	10.71%	8.24%	4.40%	16.37%	8.75%	-6.48%	0.66%
Return on Net Nonoperating Assets (RNNOA)	3.53%	4.05%	2.88%	3.11%	2.74%	1.76%	5.80%	2.97%	-2.44%	0.23%
Return on Equity (ROE)	17.33%	12.46%	9.01%	13.82%	12.02%	7.81%	15.94%	12.62%	3.60%	8.22%
Cash Return on Invested Capital (CROIC)	-5.83%	-18.72%	11.08%	4.24%	-31.64%	-4.44%	5.82%	7.46%	3.03%	4.42%
Operating Return on Assets (OROA)	10.28%	6.71%	6.35%	7.32%	157.83%	4.10%	7.07%	6.55%	3.67%	5.40%
Return on Assets (ROA)	7.93%	5.01%	3.31%	5.10%	4.54%	3.02%	6.43%	5.10%	1.43%	3.33%
Return on Common Equity (ROCE)	17.07%	12.30%	8.90%	13.65%	11.84%	7.67%	15.50%	12.26%	3.53%	8.07%
Return on Equity Simple (ROE_SIMPLE)	16.60%	12.40%	8.37%	13.32%	10.51%	7.66%	15.51%	13.18%	3.59%	8.08%
Net Operating Profit after Tax (NOPAT)	446	346	280	492	553	458	827	813	522	714
NOPAT Margin	576.62%	2.66%	1.93%	3.01%	1.54%	2.76%	4.27%	3.90%	2.51%	3.05%
Net Nonoperating Expense Percent (NNEP)	0.00%	0.00%	0.00%	0.00%	1.04%	1.65%	-6.23%	0.90%	12.52%	7.33%
SG&A Expenses to Revenue	4,605.43%	31.02%	31.88%	31.84%	16.16%	46.46%	49.24%	47.99%	47.06%	46.92%
Operating Expenses to Revenue	-648.19%	96.44%	96.30%	95.68%	48.00%	96.54%	94.56%	95.12%	97.20%	96.21%
Earnings before Interest and Taxes (EBIT)	579	464	536	706	18,701	574	1,054	1,018	581	887
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	710	636	728	924	18,983	890	1,373	1,332	902	1,240
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	2.62	1.61	2.00	1.55	1.75	1.38	2.20	1.26	1.43	1.77
Price to Tangible Book Value (P/TBV)	21.98	0.00	20.51	8.73	33.56	12.35	19.81	11.92	9.75	8.36
Price to Revenue (P/Rev)	90.92	0.34	0.46	0.35	0.25	0.46	0.70	0.36	0.43	0.51
Price to Earnings (P/E)	16.05	13.64	24.21	11.85	16.79	18.91	14.14	11.56	39.86	21.96
Dividend Yield	0.36%	0.64%	0.49%	0.65%	0.49%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	6.23%	7.33%	4.13%	8.44%	5.96%	5.29%	7.07%	8.65%	2.51%	4.55%
Enterprise Value to Invested Capital (EV/IC)	2.16	1.31	1.69	1.33	1.47	1.19	1.82	1.12	1.26	1.53
Enterprise Value to Revenue (EV/Rev)	99.30	0.47	0.52	0.39	0.29	0.57	0.78	0.46	0.53	0.59
Enterprise Value to EBITDA (EV/EBITDA)	10.83	9.62	10.33	6.82	0.56	10.67	11.03	7.16	12.25	11.22
Enterprise Value to EBIT (EV/EBIT)	13.27	13.19	14.03	8.93	0.57	16.52	14.36	9.36	19.01	15.69
Enterprise Value to NOPAT (EV/NOPAT)	17.22	17.68	26.90	12.82	19.12	20.70	18.32	11.73	21.17	19.49
Enterprise Value to Operating Cash Flow (EV/OCF)	20.45	27.47	9.41	10.43	21.87	8.52	15.57	47.70	19.20	17.72
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	14.89	32.34	0.00	0.00	31.90	15.19	42.22	35.26
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.30	0.65	0.31	0.27	0.38	0.42	0.30	0.38	0.37	0.32
Long-Term Debt to Equity	0.19	0.42	0.20	0.18	0.32	0.12	0.21	0.33	0.32	0.12
Financial Leverage	0.26	0.48	0.47	0.29	0.33	0.40	0.35	0.34	0.38	0.34
Leverage Ratio	2.19	2.49	2.72	2.71	2.65	2.58	2.48	2.47	2.52	2.47
Compound Leverage Factor	2.19	2.49	2.72	2.71	0.10	2.38	2.87	2.42	1.09	1.89
Debt to Total Capital	23.19%	39.57%	23.90%	21.22%	27.39%	29.56%	22.89%	27.75%	26.93%	24.16%
Short-Term Debt to Total Capital	8.79%	14.34%	8.70%	7.40%	3.81%	20.87%	6.92%	3.77%	3.53%	14.86%
Long-Term Debt to Total Capital	14.41%	25.23%	15.20%	13.83%	23.58%	8.69%	15.97%	23.99%	23.40%	9.30%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	1.14%	0.68%	0.94%	0.91%	1.33%	1.22%	2.84%	1.51%	1.32%	1.36%
Common Equity to Total Capital	75.66%	59.75%	75.16%	77.87%	71.28%	69.22%	74.27%	70.73%	71.75%	74.48%
Debt to EBITDA	1.16	2.91	1.46	1.09	0.10	2.65	1.39	1.77	2.62	1.77
Net Debt to EBITDA	0.86	2.50	1.09	0.57	0.08	2.00	0.96	1.38	2.16	1.44
Long-Term Debt to EBITDA	0.72	1.85	0.93	0.71	0.09	0.78	0.97	1.53	2.27	0.68
Debt to NOPAT	1.85	5.34	3.80	2.05	3.55	5.14	2.31	2.91	4.53	3.08
Net Debt to NOPAT	1.36	4.59	2.84	1.07	2.74	3.89	1.59	2.27	3.74	2.49
Long-Term Debt to NOPAT	1.15	3.41	2.42	1.33	3.06	1.51	1.61	2.51	3.93	1.18
Noncontrolling Interest Sharing Ratio	1.48%	1.30%	1.19%	1.19%	1.54%	1.77%	2.77%	2.90%	1.95%	1.80%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-189	-770	505	195	-1,886	-337	475	628	262	395
Operating Cash Flow to CapEx	28,907.69%	223.05%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.01	1.89	1.72	1.70	3.04	1.19	1.30	1.34	1.31	1.43
Fixed Asset Turnover	0.20	28.18	27.75	29.41	56.65	24.29	27.59	31.54	34.69	38.67
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	3,554	4,669	4,444	4,741	7,180	7,975	8,327	8,512	8,772	9,092
Invested Capital Turnover	0.02	3.17	3.18	3.56	6.03	2.19	2.38	2.48	2.40	2.62
Increase / (Decrease) in Invested Capital	635	1,116	-225	297	2,439	795	352	185	260	319
Enterprise Value (EV)	7,685	6,114	7,517	6,304	10,582	9,492	15,142	9,536	11,054	13,914
Market Capitalization	7,037	4,493	6,682	5,735	8,972	7,612	13,593	7,564	8,985	12,010
Book Value per Share	$59.70	$61.71	$73.62	$81.01	$99.31	$107.61	$122.55	$126.86	$132.30	$142.72
Tangible Book Value per Share	$7.11	($1.87)	$7.18	$14.41	$5.19	$12.01	$13.60	$13.37	$19.37	$30.27
Total Capital	3,554	4,669	4,444	4,741	7,180	7,975	8,327	8,512	8,772	9,092
Total Debt	824	1,848	1,062	1,006	1,967	2,357	1,906	2,363	2,362	2,197
Total Long-Term Debt	512	1,178	675	656	1,693	693	1,330	2,042	2,053	845
Net Debt	608	1,589	794	525	1,515	1,783	1,312	1,843	1,952	1,780
Capital Expenditures (CapEx)	1.30	100	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Nonoperating Expense (NNE)	0.00	0.00	0.00	0.00	15	36	-133	19	296	167
Net Nonoperating Obligations (NNO)	824	1,848	1,062	1,006	1,967	2,357	1,906	2,363	2,362	2,197
Total Depreciation and Amortization (D&A)	131	172	192	218	282	315	318	314	321	353
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$9.75	$7.04	$5.60	$10.64	$10.98	$7.79	$18.89	$13.51	$4.73	$11.51
Adjusted Weighted Average Basic Shares Outstanding	44.94M	45.15M	45.32M	45.52M	48.65M	51.68M	50.92M	48.45M	47.63M	47.49M
Adjusted Diluted Earnings per Share	$9.65	$6.98	$5.55	$10.54	$10.87	$7.70	$18.47	$13.27	$4.67	$11.30
Adjusted Weighted Average Diluted Shares Outstanding	45.41M	45.53M	45.76M	45.93M	49.15M	52.28M	52.07M	49.34M	48.29M	48.37M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$10.98	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	45.09M	45.25M	45.41M	45.62M	51.57M	102.22M	99.77M	95.20M	94.89M	47.39M
Normalized Net Operating Profit after Tax (NOPAT)	-4,103	416	295	507	694	560	885	776	608	717
Normalized NOPAT Margin	-5,301.55%	3.20%	2.03%	3.10%	1.93%	3.38%	4.57%	3.72%	2.93%	3.06%
Pre Tax Income Margin	748.19%	3.56%	3.70%	4.32%	1.94%	3.19%	6.32%	4.77%	1.21%	2.90%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	5.74%	8.50%	11.84%	6.96%	0.39%	0.21%	-1.98%	0.00%	2.87%	0.00%
Augmented Payout Ratio	5.74%	8.50%	11.84%	6.96%	0.39%	23.87%	33.81%	75.78%	30.11%	14.76%

This table displays calculated financial ratios and metrics derived from Jones Lang LaSalle's official financial filings.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	5.90%	74.71%	25,389.19%	-4.28%	-1.28%	-43.38%	8.67%	11.40%	14.82%	15.80%	12.14%
EBITDA Growth	-23.31%	-36.72%	-63.98%	-45.83%	-34.95%	12.72%	103.33%	10.56%	70.37%	22.49%	14.63%
EBIT Growth	-30.97%	-41.22%	-90.28%	-60.04%	-39.88%	12.54%	546.37%	9.53%	89.35%	28.83%	5.19%
NOPAT Growth	-32.57%	-49.41%	-91.29%	-61.10%	-36.90%	55.36%	643.24%	10.18%	89.80%	11.31%	5.09%
Net Income Growth	-41.66%	-58.20%	-106.05%	-99.05%	-57.06%	-1.99%	854.02%	2,540.63%	161.05%	40.31%	-12.35%
EPS Growth	-36.98%	-55.24%	-106.64%	-98.72%	-57.29%	-1.38%	821.05%	3,400.00%	160.16%	39.11%	-16.79%
Operating Cash Flow Growth	-69.87%	-21.03%	0.01%	33.90%	136.87%	21.20%	5.42%	15.57%	-19.68%	27.13%	-13.30%
Free Cash Flow Firm Growth	166.30%	-115.65%	62.01%	55.19%	-44.88%	244.10%	223.02%	165.55%	-784.19%	-217.31%	-197.56%
Invested Capital Growth	-3.96%	2.22%	5.80%	6.29%	-2.14%	3.06%	-5.63%	-1.72%	24.66%	3.64%	7.88%
Revenue Q/Q Growth	-1.91%	100.63%	-54.61%	7.15%	1.17%	15.06%	-12.87%	9.84%	4.27%	16.05%	-15.63%
EBITDA Q/Q Growth	-36.99%	17.67%	-72.66%	163.48%	-24.34%	103.88%	-49.56%	43.26%	16.59%	46.58%	-53.18%
EBIT Q/Q Growth	-45.17%	28.36%	-93.13%	726.82%	-17.50%	140.29%	-60.57%	40.10%	42.63%	63.49%	-67.80%
NOPAT Q/Q Growth	-48.92%	13.14%	-92.88%	844.93%	-17.14%	178.53%	-65.92%	40.08%	42.74%	63.36%	-67.83%
Net Income Q/Q Growth	-58.84%	27.37%	-104.95%	136.78%	1,753.13%	190.73%	-61.95%	28.81%	83.20%	56.27%	-76.23%
EPS Q/Q Growth	-26.15%	26.04%	-105.23%	126.32%	2,360.00%	191.06%	-61.73%	27.74%	82.86%	55.63%	-77.11%
Operating Cash Flow Q/Q Growth	-22.32%	337.67%	-219.03%	133.09%	37.43%	123.95%	-192.88%	140.43%	-4.49%	254.47%	-182.78%
Free Cash Flow Firm Q/Q Growth	152.32%	-101.71%	-5,679.67%	13.14%	164.37%	-95.54%	265.95%	-53.72%	-771.85%	99.24%	-4,003.55%
Invested Capital Q/Q Growth	-0.50%	-5.59%	14.08%	-0.82%	-8.39%	-0.58%	6.43%	3.29%	16.20%	-17.34%	8.74%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
EBITDA Margin	5.51%	3.23%	1.97%	4.86%	3.63%	6.43%	3.69%	4.82%	5.39%	6.81%	3.78%
EBIT Margin	3.92%	2.51%	0.38%	2.93%	2.39%	4.99%	2.26%	2.88%	3.94%	5.55%	2.12%
Profit (Net Income) Margin	2.67%	1.69%	-0.18%	0.06%	1.16%	2.93%	1.28%	1.50%	2.64%	3.55%	1.00%
Tax Burden Percent	76.55%	79.48%	79.09%	80.00%	80.35%	93.14%	80.49%	80.48%	80.54%	80.47%	80.42%
Interest Burden Percent	88.82%	84.89%	-61.45%	2.70%	60.44%	63.09%	70.44%	64.77%	83.13%	79.52%	58.75%
Effective Tax Rate	23.45%	20.52%	0.00%	20.00%	19.65%	6.86%	19.51%	19.52%	19.46%	19.53%	19.58%
Return on Invested Capital (ROIC)	5.36%	4.20%	0.72%	6.35%	5.44%	11.16%	4.08%	5.28%	7.20%	11.72%	4.30%
ROIC Less NNEP Spread (ROIC-NNEP)	4.82%	4.20%	0.05%	2.72%	4.07%	6.89%	3.20%	3.84%	6.29%	8.98%	2.88%
Return on Net Nonoperating Assets (RNNOA)	2.59%	1.42%	0.02%	1.40%	1.89%	2.59%	1.61%	1.94%	3.35%	3.08%	1.22%
Return on Equity (ROE)	7.95%	5.62%	0.74%	7.75%	7.33%	13.75%	5.68%	7.22%	10.55%	14.80%	5.52%
Cash Return on Invested Capital (CROIC)	15.33%	7.46%	1.14%	-2.80%	4.74%	3.03%	12.07%	7.96%	-15.10%	4.42%	-0.04%
Operating Return on Assets (OROA)	4.18%	3.37%	0.62%	4.77%	3.91%	6.54%	3.05%	3.95%	5.32%	7.92%	3.17%
Return on Assets (ROA)	2.84%	2.27%	-0.30%	0.10%	1.90%	3.84%	1.73%	2.06%	3.57%	5.07%	1.50%
Return on Common Equity (ROCE)	7.72%	5.46%	0.72%	7.52%	7.11%	13.49%	5.57%	7.08%	10.35%	14.53%	5.43%
Return on Equity Simple (ROE_SIMPLE)	17.99%	0.00%	10.62%	5.09%	3.80%	0.00%	4.77%	5.99%	7.18%	0.00%	7.88%
Net Operating Profit after Tax (NOPAT)	155	176	13	118	98	273	93	130	186	304	98
NOPAT Margin	3.00%	1.69%	0.27%	2.34%	1.92%	4.65%	1.82%	2.32%	3.17%	4.47%	1.70%
Net Nonoperating Expense Percent (NNEP)	0.54%	0.00%	0.67%	3.63%	1.37%	4.27%	0.87%	1.43%	0.91%	2.73%	1.42%
SG&A Expenses to Revenue	48.21%	24.54%	47.78%	47.84%	47.63%	45.33%	47.14%	46.18%	48.64%	45.89%	46.54%
Operating Expenses to Revenue	96.08%	97.49%	99.62%	97.07%	97.61%	95.01%	97.74%	97.12%	96.06%	94.45%	97.88%
Earnings before Interest and Taxes (EBIT)	203	261	18	148	122	293	116	162	231	378	122
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	285	336	93	245	186	378	189	271	316	464	217
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.25	1.26	1.15	1.23	1.11	1.43	1.47	1.53	1.93	1.77	1.72
Price to Tangible Book Value (P/TBV)	15.90	11.92	10.54	11.18	9.62	9.75	9.65	9.51	10.18	8.36	7.86
Price to Revenue (P/Rev)	0.44	0.36	0.27	0.29	0.27	0.43	0.44	0.45	0.57	0.51	0.49
Price to Earnings (P/E)	8.03	11.56	13.86	24.14	29.55	39.86	30.86	25.52	26.79	21.96	21.92
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	12.45%	8.65%	7.22%	4.14%	3.38%	2.51%	3.24%	3.92%	3.73%	4.55%	4.56%
Enterprise Value to Invested Capital (EV/IC)	1.11	1.12	1.04	1.10	1.03	1.26	1.28	1.31	1.52	1.53	1.45
Enterprise Value to Revenue (EV/Rev)	0.61	0.46	0.40	0.42	0.36	0.53	0.56	0.57	0.74	0.59	0.60
Enterprise Value to EBITDA (EV/EBITDA)	6.54	7.16	8.63	11.00	10.55	12.25	11.77	12.13	14.48	11.22	11.33
Enterprise Value to EBIT (EV/EBIT)	8.32	9.36	11.87	16.84	16.62	19.01	17.31	17.92	20.84	15.69	16.08
Enterprise Value to NOPAT (EV/NOPAT)	9.63	11.73	15.79	34.38	39.71	21.17	19.84	20.91	24.61	19.49	19.98
Enterprise Value to Operating Cash Flow (EV/OCF)	27.74	47.70	50.59	40.79	20.35	19.20	19.13	19.07	28.47	17.72	20.66
Enterprise Value to Free Cash Flow (EV/FCFF)	7.09	15.19	93.59	0.00	21.59	42.22	10.32	16.35	0.00	35.26	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.50	0.38	0.58	0.56	0.43	0.37	0.43	0.46	0.62	0.32	0.42
Long-Term Debt to Equity	0.32	0.33	0.53	0.51	0.41	0.32	0.39	0.41	0.47	0.12	0.26
Financial Leverage	0.54	0.34	0.50	0.51	0.46	0.38	0.50	0.50	0.53	0.34	0.42
Leverage Ratio	2.58	2.47	2.48	2.52	2.53	2.52	2.49	2.50	2.57	2.47	2.40
Compound Leverage Factor	2.29	2.10	-1.53	0.07	1.53	1.59	1.76	1.62	2.14	1.96	1.41
Debt to Total Capital	33.35%	27.75%	36.54%	35.71%	30.07%	26.93%	30.08%	31.35%	38.46%	24.16%	29.58%
Short-Term Debt to Total Capital	11.95%	3.77%	2.74%	2.87%	1.33%	3.53%	3.08%	2.98%	9.64%	14.86%	11.55%
Long-Term Debt to Total Capital	21.40%	23.99%	33.80%	32.84%	28.74%	23.40%	26.99%	28.37%	28.82%	9.30%	18.03%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	2.64%	1.51%	1.32%	1.32%	1.42%	1.32%	1.25%	1.26%	1.11%	1.36%	1.24%
Common Equity to Total Capital	64.02%	70.73%	62.13%	62.97%	68.51%	71.75%	68.68%	67.39%	60.43%	74.48%	69.18%
Debt to EBITDA	1.97	1.77	3.03	3.57	3.07	2.62	2.76	2.90	3.66	1.77	2.31
Net Debt to EBITDA	1.65	1.38	2.61	3.15	2.62	2.16	2.36	2.48	3.28	1.44	1.97
Long-Term Debt to EBITDA	1.26	1.53	2.80	3.28	2.93	2.27	2.48	2.62	2.74	0.68	1.41
Debt to NOPAT	2.90	2.91	5.54	11.15	11.55	4.53	4.65	4.99	6.23	3.08	4.07
Net Debt to NOPAT	2.42	2.27	4.78	9.84	9.86	3.74	3.98	4.28	5.58	2.49	3.47
Long-Term Debt to NOPAT	1.86	2.51	5.12	10.25	11.04	3.93	4.17	4.52	4.67	1.18	2.48
Noncontrolling Interest Sharing Ratio	2.85%	2.90%	3.00%	2.98%	2.98%	1.95%	1.93%	1.94%	1.91%	1.80%	1.77%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	528	-9.00	-520	-452	291	13	640	296	-1,990	-15	-624
Operating Cash Flow to CapEx	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.07	1.34	1.64	1.63	1.64	1.31	1.35	1.37	1.35	1.43	1.50
Fixed Asset Turnover	23.05	31.54	38.28	38.47	38.26	34.69	35.69	36.78	37.86	38.67	40.56
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	9,016	8,512	9,711	9,631	8,823	8,772	9,164	9,466	10,999	9,092	9,886
Invested Capital Turnover	1.78	2.48	2.71	2.71	2.83	2.40	2.24	2.28	2.27	2.62	2.53
Increase / (Decrease) in Invested Capital	-372	185	533	570	-193	260	-547	-166	2,176	319	722
Enterprise Value (EV)	9,994	9,536	10,117	10,606	9,121	11,054	11,755	12,425	16,721	13,914	14,364
Market Capitalization	7,239	7,564	6,926	7,442	6,732	8,985	9,281	9,763	12,806	12,010	11,749
Book Value per Share	$120.45	$126.86	$126.76	$126.97	$126.77	$132.30	$132.54	$134.13	$140.04	$142.72	$144.31
Tangible Book Value per Share	$9.50	$13.37	$13.80	$13.94	$14.67	$19.37	$20.25	$21.57	$26.52	$30.27	$31.54
Total Capital	9,016	8,512	9,711	9,631	8,823	8,772	9,164	9,466	10,999	9,092	9,886
Total Debt	3,006	2,363	3,549	3,439	2,653	2,362	2,757	2,967	4,230	2,197	2,924
Total Long-Term Debt	1,929	2,042	3,283	3,163	2,536	2,053	2,474	2,686	3,170	845	1,782
Net Debt	2,517	1,843	3,063	3,037	2,264	1,952	2,360	2,543	3,792	1,780	2,492
Capital Expenditures (CapEx)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Nonoperating Expense (NNE)	17	0.00	21	115	39	101	28	46	31	62	40
Net Nonoperating Obligations (NNO)	3,006	2,363	3,549	3,439	2,653	2,362	2,757	2,967	4,230	2,197	2,924
Total Depreciation and Amortization (D&A)	82	75	75	97	64	85	74	109	85	86	95
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$2.93	$3.68	($0.19)	$0.05	$1.25	$3.62	$1.39	$1.77	$3.26	$5.09	$1.17
Adjusted Weighted Average Basic Shares Outstanding	47.86M	48.45M	47.56M	47.75M	47.66M	47.63M	47.49M	47.54M	47.51M	47.49M	47.47M
Adjusted Diluted Earnings per Share	$2.88	$3.63	($0.19)	$0.05	$1.23	$3.58	$1.37	$1.75	$3.20	$4.98	$1.14
Adjusted Weighted Average Diluted Shares Outstanding	48.63M	49.34M	0.00	48.33M	48.39M	48.29M	48.28M	48.32M	48.50M	48.37M	48.38M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	47.46M	95.20M	47.76M	47.68M	47.57M	94.89M	47.56M	47.46M	47.44M	47.39M	47.47M
Normalized Net Operating Profit after Tax (NOPAT)	171	4,003	37	129	121	291	93	132	177	315	112
Normalized NOPAT Margin	3.31%	38.54%	0.79%	2.55%	2.37%	4.94%	1.82%	2.34%	3.01%	4.63%	1.96%
Pre Tax Income Margin	3.48%	2.13%	-0.23%	0.08%	1.44%	3.15%	1.59%	1.87%	3.27%	4.41%	1.24%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	-1.83%	0.00%	3.18%	6.61%	8.88%	2.87%	2.16%	1.70%	1.36%	0.00%	0.00%
Augmented Payout Ratio	70.44%	75.78%	73.60%	62.69%	28.04%	30.11%	29.32%	23.31%	18.67%	14.76%	14.92%

Financials Breakdown Chart

Key Financial Trends

Jones Lang LaSalle (NYSE: JLL) has displayed mixed financial performance and balance sheet trends over the last four years through Q1 2025.

Positive Financial Trends:

Total revenue showed steady growth from about $5.12 billion in Q1 2022 to $5.75 billion in Q1 2025, indicating overall business expansion.
Net income attributable to common shareholders increased from a loss in early 2023 (-$9.2 million in Q1 2023) to positive earnings ($55.3 million in Q1 2025), demonstrating recovery and improved profitability.
Diluted earnings per share rose from a negative $0.19 in Q1 2023 to $1.14 in Q1 2025, showing enhanced shareholder value.
Stable management of operating expenses, with salaries and employee benefits increasing in line with revenue growth, reflecting workforce and operational scale adjustments.
Increase in adjusted non-cash charges such as depreciation and amortization, consistent with investment in capital and intangible assets supporting business growth.
Strong common equity base grew from approximately $6.0 billion in Q1 2022 to $6.84 billion in Q1 2025, supporting long-term financial stability.

Neutral Financial Observations:

The company reported zero net interest income/expense throughout this period, indicating minimal impact from interest-related activities.
Fluctuations in non-operating income/expense result in modest negative impacts on net income but remain relatively small compared to operating results.
Cash and cash equivalents fluctuated moderately around $400-$485 million, reflecting standard liquidity management without large swings.

Negative Financial Trends:

Significant impairment charges continue to affect non-interest expenses, with some quarters reporting charges over $30 million, which may signal ongoing asset valuation challenges.
Free cash flow from continuing operations displays volatility, with negative cash from operating activities in recent quarters (e.g., -$767.6 million in Q1 2025), raising concerns about cash generation consistency.
Increasing use of debt financing with long-term debt rising from approximately $1.93 billion in Q3 2022 to $1.78 billion in Q1 2025, coupled with issuance and repayment activity, suggests active but elevated leverage management.
Other operating expenses remain high and rising in absolute terms, pressuring margins and requiring efficiency optimization.
Net income saw a sharp downturn early 2023 with losses, indicating previous profitability challenges that the company is striving to overcome.

Summary: Over the last four years, JLL has experienced growth in revenue and equity, recovering from earlier losses to return to profitability by early 2025. Despite positive trends in revenue growth and earnings per share, challenges remain in managing impairments, maintaining consistent operating cash flow, and controlling rising expenses. Active debt management continues, highlighting a need to watch leverage levels closely. Investors should weigh JLL's solid revenue expansion and improving profitability against the cash flow volatility and impairment charges as part of their investment considerations.

10/23/25 10:36 AM ETAI Generated. May Contain Errors.

Frequently Asked Questions About Jones Lang LaSalle's Financials

When does Jones Lang LaSalle's financial year end?

According to the most recent income statement we have on file, Jones Lang LaSalle's fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has Jones Lang LaSalle's net income changed over the last 9 years?

Jones Lang LaSalle's net income appears to be on an upward trend, with a most recent value of $546.80 million in 2024, rising from $446.30 million in 2015. The previous period was $226.20 million in 2023. See Jones Lang LaSalle's forecast for analyst expectations on what’s next for the company.

How has Jones Lang LaSalle's revenue changed over the last 9 years?

Over the last 9 years, Jones Lang LaSalle's total revenue changed from $77.40 million in 2015 to $23.43 billion in 2024, a change of 30,175.1%.

How much debt does Jones Lang LaSalle have?

Jones Lang LaSalle's total liabilities were at $9.87 billion at the end of 2024, a 2.2% increase from 2023, and a 185.4% increase since 2015.

How much cash does Jones Lang LaSalle have?

In the past 9 years, Jones Lang LaSalle's cash and equivalents has ranged from $216.60 million in 2015 to $593.70 million in 2021, and is currently $416.30 million as of their latest financial filing in 2024.

How has Jones Lang LaSalle's book value per share changed over the last 9 years?

Over the last 9 years, Jones Lang LaSalle's book value per share changed from 59.70 in 2015 to 142.72 in 2024, a change of 139.1%.

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This page (NYSE:JLL) was last updated on 10/23/2025 by MarketBeat.com Staff

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Jones Lang LaSalle (JLL) Financials

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Jones Lang LaSalle (JLL) Financials

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