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

Jones Lang LaSalle (NYSE:JLL) issued its quarterly earnings results on Wednesday. The financial services provider reported $6.76 EPS for the quarter, beating analysts’ consensus estimates of $6.15 by $0.61, FiscalAI reports. The firm had revenue of $7.28 billion during the quarter, compared to the consensus estimate of $7.24 billion. Jones Lang LaSalle had a return on equity of 13.99% and a net margin of 3.64%. During the same quarter in the prior year, the business posted $4.50 earnings per share. Jones Lang LaSalle’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

Shares of JLL stock traded up $35.83 on Wednesday, hitting $335.76. 546,685 shares of the stock traded hands, compared to its average volume of 436,440. The company’s fifty day moving average is $333.42 and its 200 day moving average is $324.52. Jones Lang LaSalle has a 1-year low of $259.83 and a 1-year high of $393.84. The company has a market capitalization of $15.39 billion, a PE ratio of 16.08 and a beta of 1.30. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.40 and a quick ratio of 2.40.

Insider Buying and Selling

In other news, CEO Christian Ulbrich sold 2,000 shares of the firm’s stock in a transaction dated Thursday, August 20th. The shares were sold at an average price of $385.53, for a total value of $771,060.00. Following the transaction, the chief executive officer directly owned 138,418 shares in the company, valued at approximately $53,364,291.54. This trade represents a 1.42% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 6,000 shares of company stock valued at $2,271,060 over the last three months. Insiders own 0.91% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have issued reports on JLL shares. Zacks Research downgraded Jones Lang LaSalle from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 23rd. 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 raised their price target on shares of 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. Keefe, Bruyette & Woods dropped their price target on shares of Jones Lang LaSalle from $415.00 to $385.00 and set an “outperform” rating for the company in a research note on Friday, October 9th. Finally, Citigroup reaffirmed a “market perform” rating on shares of Jones Lang LaSalle in a report on Thursday, September 17th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $427.60.

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.