JONES LANG LASALLE INC

Listed Company

JLLCIK 0001037976NYSELarge AcceleratedReal Estate Agents & Managers (For Others)MarylandFY ends Dec 31

Period

FY 2025

Revenue

$26.12B

Net Income

$792.10M

Total Assets

$17.80B

Equity

$7.50B

Shares Out

46.39M

Op. Cash Flow

$1.19B

Business

JONES LANG LASALLE INC is a global commercial real estate and investment management company that helps clients buy, build, occupy, manage and invest in a wide range of property types. It offers services including leasing and tenant representation, property and workplace management, capital markets and debt/equity advisory, investment management through LaSalle, project and facilities management, valuation and risk advisory, loan servicing, software and technology solutions, and sustainability consulting. The company operates five principal segments: Markets Advisory, Capital Markets, Work Dynamics, JLL Technologies and LaSalle. JLL delivers its services locally, regionally and globally across more than 80 countries to owners, occupiers, investors, developers and public‑sector clients via direct teams, integrated platforms, software subscriptions and third‑party vendor networks.

Summary from filing dated 2025-02-19

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Revenue	26,116	23,433	20,761	20,862	19,367
Compensation and benefits	11,924	10,995	9,771	10,011	9,536
Operating, administrative and other	12,765	11,291	10,075	9,650	8,486
Depreciation and amortization	253	256	238	228	218
Restructuring and acquisition charges	75	23	101	105	85
Total operating expenses	25,018	22,565	20,184	19,994	18,324
Operating income	1,098	868	577	868	1,044
Interest expense, net of interest income	107	137	135	75	40
Equity losses	−21	−71	−194	51	209
Other Income	12	19	5	150	11
Income before income taxes and noncontrolling interest	982	679	252	994	1,224
Income tax provision	190	133	26	201	264
Net income	792	547	226	793	959
Net income attributable to noncontrolling interest	100,000	0	800,000	139	−2
Net income attributable to the Company	792	547	225	655	962
Net income attributable to common shareholders	792	547	225	655	962
Basic earnings per common share (in dollars per share)	16.73	11.51	4.73	13.51	18.89
Basic weighted average shares outstanding (in shares)	47	47	48	48	51
Diluted earnings per common share (in dollars per share)	16.4	11.3	4.67	13.27	18.47
Diluted weighted average shares outstanding (in shares)	48	48	48	49	52
Change in pension liabilities, net of tax	−8	8	400,000	−22	39
Foreign currency translation adjustments	82	−64	56	−231	−57
Comprehensive income attributable to common shareholders	867	491	282	402	943

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	599	416	410	519	594
Accounts Receivable, after Allowance for Credit Loss, Current	2,303	2,154	2,096	2,149	2,004
Financing Receivable, after Allowance for Credit Loss, Current	450	457	446	470	389
Accounts Receivable, Reimbursed by Client, Current	3,105	2,695	2,322	2,006	1,735
Loans Receivable, Gross, Mortgage Warehouse Lending	751	771	677	463	822
Contract with Customer, Asset, Net, Current	340	335	338	360	343
Prepaid Expense and Other Assets, Current	631	651	567	604	501
Total current assets	8,179	7,479	6,857	6,570	6,388
Property and equipment, net of accumulated depreciation	631	598	614	583	740
Operating Lease, Right-of-Use Asset	712	743	731	776	723
Goodwill, with indefinite useful lives	4,707	4,611	4,587	4,528	4,612
Identified intangibles, net of accumulated amortization	667	724	785	859	887
Investments	893	813	817	874	746
Long-term receivables	419	395	364	331	316
Deferred Income Tax Assets, Net	610	518	497	380	331
Deferred Compensation Plan Assets	724	664	604	518	529
Other	259	219	209	176	234
Total assets	17,801	16,764	16,065	15,594	15,505
Accounts payable and accrued liabilities	1,398	1,323	1,407	1,237	1,263
Accounts Payable, Reimbursed by Client, Current	2,540	2,176	1,797	1,580	1,350
Accrued compensation and benefits	1,930	1,769	1,698	1,750	2,030
Short term Debt	93	154	148	164	148
Commercial Paper	−200,000	199	0	—	—
Short-term contract liabilities and deferred income	237	204	226	217	208
Warehouse facilities	759	841	663	455	796
Operating Lease, Liability, Current	167	157	162	156	154
Other	264	322	345	331	218
Total current liabilities	7,387	7,145	6,446	5,912	6,487
Long-term Line of Credit, Noncurrent, Net of Debt Issuance Costs	−9	89	611	1,214	138
Long-term debt, net of debt issuance costs	806	757	779	373	396
Deferred Income Tax Liabilities, Net	56	46	45	194	180
Deferred compensation	737	665	580	492	525
Operating Lease, Liability, Noncurrent	774	749	755	776	714
Other	427	419	440	407	578
Total liabilities	10,178	9,869	9,655	9,444	9,084
Common stock, $.01 par value per share	500,000	500,000	500,000	500,000	500,000
Additional paid-in capital	2,069	2,033	2,020	2,023	2,054
Retained earnings	7,114	6,335	5,796	5,590	4,938
Treasury Stock, Value	−1,094	−938	−920	−935	−406
Shares held in trust	−14	−12	−10	−10	−5
Accumulated other comprehensive loss	−573	−647	−592	−648	−395
Total Company shareholders' equity	7,503	6,772	6,294	6,021	6,185
Noncontrolling interest	120	124	116	122	229
Total equity	7,623	6,895	6,410	6,143	6,413
Total liabilities and equity	17,801	16,764	16,065	15,594	15,505

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Distributions of earnings from real estate ventures	29	18	12	21	29
Provision for loss on receivables and other assets	42	38	20	27	12
Amortization of deferred compensation	115	97	78	86	96
Net non-cash mortgage servicing rights and mortgage banking derivative activity	15	18	18	−11	−59
Accretion of interest and amortization of debt issuance costs	6	6	4	5	4
Other	14	100,000	18	6	−14
Receivables	−149	−208	11	−291	−436
Increase (Decrease) in Reimbursable Receivables and Reimbursable Payables	−28	−5	−93	−52	−82
Prepaid expenses and other assets	−56	−82	−24	40	−150
Increase (Decrease) in Income taxes receivable, payable and deferred	−51	−138	−139	−105	35
Accounts payable and accrued liabilities	61	36	79	−78	−13
Increase (Decrease) in Accrued Compensation	130	131	−68	−283	594
Net cash provided by operating activities	1,194	785	576	200	972
Net capital additions - property and equipment	−216	−186	−187	−206	−176
Payments to Acquire Businesses, Net of Cash Acquired	−8	−61	−14	−6	−417
Capital contributions to real estate ventures	−163	−89	−109	−167	−181
Distributions of capital from real estate ventures	52	19	24	24	74
Payment for (Proceeds from) Other Investing Activity	−2	−1	−4	−24	−35
Net cash used in investing activities	−337	−317	−290	−243	−806
Proceeds from Long-term Lines of Credit	9,130	8,043	7,684	7,560	5,094
Repayments of Long-Term Lines of Credit	−9,230	−8,568	−8,284	−6,485	−4,944
Proceeds From Issuance Of Commercial Paper_Cash Flow	3,771	910	0	0	—
Repayments of commercial paper_Cash Flow	−3,971	−710	0	0	—
Proceeds from Issuance of Senior Long-term Debt	0	0	400	0	0
Proceeds from (Repayments of) Short-term Debt	−64	3	−25	20	92
Payment for Contingent Consideration Liability, Financing Activities	−15	−7	−27	−13	−64
Shares repurchased for payment of employee taxes on stock awards	−40	−32	−31	−87	−53
Payments for Repurchase of Common Stock	−212	−81	−62	−601	−343
Other, net	−13	−9	−31	31	55
Net cash provided by (used in) financing activities	−643	−451	−374	−13	−144
Effect of Exchange Rate on Cash, Cash Equivalent, Restricted Cash, and Restricted Cash Equivalent, Continuing Operation	32	−28	6	−39	−21
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect	246	−11	−83	−96	2
Interest Paid, Excluding Capitalized Interest, Operating Activity	119	147	145	74	39
Income taxes, net of refunds	226	285	159	321	263
Operating Lease, Payments	204	200	195	182	197
Business Acquisitions, Contingent Consideration	600,000	14	0	—	—
Deferred business acquisition obligations	900,000	15	0	3	10

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