Saturday 17 October 2026 Export JLL’s income statement to Excel — free account

Jones Lang LaSalle Incorporated

Jones Lang LaSalle Incorporated’s revenue for fiscal 2025 (year ended December 2025) was $26.1 billion, up 11.4% from fiscal 2024. In the quarter to June 2026, revenue grew 10.8%, EPS grew 97.5%, free cash flow grew 51.9% and total debt fell 16.9%, each against the same quarter a year earlier. Operating cash flow growth for three consecutive years.

305.51 5.28 −1.70%

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Market cap: $14.3B
P/E: 14.3×
Fwd P/E: 13.2×
Dividend yield: —
F-score: 9/9
Altman Z: n/a
Beneish M: n/a
Dividend safety: n/a

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total sells 16.32

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	—	—	—	—	—	—	—
Sell	2	3	—	—	2	—	—	2	—	4	—	—

Insider Ownership 1.57%

Capital & Financial Ratios $m

Market Cap 14,300.00

Revenue 27,433.50

Net Income 997.90

Free Cash Flow 1,120.30

Net Debt 1,179.50

Current Ratio 2.40

Debt/Equity 0.22

P/E ratio 14.34

Fwd P/E 13.20

P/S ratio 0.52

P/B ratio 1.86

Past 5Y EPS Growth 16.32%

This Y EPS Growth 33.14%

Next Y EPS Growth 11.07%

Next Y revenue growth 11.26%

Next 5Y EPS Growth 19.02%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

P/E against its own 10 years 34.68%

10-year low 10-year high

P/S against its own 10 years 61.22%

10-year low 10-year high

P/B against its own 10 years 65.76%

10-year low 10-year high

EV/Sales against its own 10 years 58.83%

10-year low 10-year high

EV/FCF against its own 10 years 13.55%

10-year low 10-year high

Dividends

Payout Ratio —

Annual Dividend Rate —

Annual Dividend Yield —

	total	individual payouts
2028	Powerpack
2027	Powerpack
2026	Powerpack
2025	Powerpack
2024	Powerpack
2023	Powerpack
2022	Powerpack
2021	Powerpack
2020	Powerpack
2019	1.00	0.43 0.14 0.04 0.43
2018	0.82	0.41 0.41
2017	0.72	0.35 0.37
2016	0.64	0.31 0.33

predictions special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	410	416	599	458
Receivables	5,459	6,014	6,578	6,459
Inventory	—	—	—	—
Other	—	—	—	—
	6,315	6,887	7,628	7,352

	2023	2024	2025	Q'26
Payables	1,407	1,323	1,398	1,243
ST’ Debt	148	353	93	503
Other	—	—	—	—
	3,253	3,444	3,420	3,063

Compound Annual Growth %

	10y	5y	3y
Sales	15.91%	9.50%	7.77%
Cash Flow	12.26%	1.39%	81.44%
Earnings	6.09%	14.50%	6.57%
Book Value	10.86%	6.32%	7.46%

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	6,387	6,928	—	—	—
’25	5,746	6,250	6,510	7,609	26,116
’24	5,125	5,629	5,869	6,811	23,433
’23	4,716	5,053	5,111	5,881	20,761
’22	4,801	5,278	5,178	5,605	20,862
’21	4,037	4,495	4,889	5,946	19,367
’20	4,096	3,670	3,978	4,845	16,590

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	(755)	488	—	—	—
’25	(768)	333	617	1,012	1,194
’24	(677)	274	262	927	785
’23	(716)	237	326	729	576
’22	(716)	177	138	602	200
’21	(462)	216	456	762	972
’20	(546)	501	408	752	1,115

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	(820)	438	—	—	—
’25	(812)	288	568	935	979
’24	(721)	236	217	868	600
’23	(766)	198	276	680	389
’22	(763)	137	88	532	(6)
’21	(496)	181	415	698	797
’20	(590)	469	373	715	965

Fiscal quarters ending in the months shown.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	3.33	4.59	—	—	—
’25	1.14	2.32	4.61	8.34	16.40
’24	1.37	1.75	3.20	4.97	11.30
’23	(0.19)	0.05	1.23	3.57	4.67
’22	2.86	3.90	2.88	3.62	13.27
’21	1.97	3.82	4.57	8.16	18.47
’20	0.10	0.29	2.52	4.80	7.70

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	86.62	97.60	122.05	119.79	78.29	141.39	135.35	119.46	167.11	194.36	Analyst estimates 2026–2028 Powerpack
	High	160.33	155.25	178.75	175.99	178.55	275.58	275.77	191.21	288.50	347.81
People
People	Employees	77,300	82,000	90,000	93,400	90,800	98,200	103,300	106,100	112,100	113,200
	Revenue/emp, $m	0.17	0.18	0.18	0.19	0.18	0.20	0.20	0.20	0.21	0.23
Income, $m
Income, $m	Revenue	12,991	14,453	16,318	17,983	16,590	19,367	20,862	20,761	23,433	26,116
	Gross margin, %	22.09	23.14	23.79	23.45	53.54	50.76	52.01	52.94	53.08	54.34
	EBT	464	536	706	698	530	1,224	994	252	679	982
	EBT margin, %	3.57	3.71	4.33	3.88	3.19	6.32	4.77	1.21	2.90	3.76
	Net income	346	280	492	538	423	959	793	226	547	792
	Depreciation	172	192	218	277	310	314	319	321	359	374
Per share, $
Per share, $	Revenue	287.71	318.94	358.51	369.67	320.99	380.36	430.56	435.89	493.40	551.53
	Earnings	7.04	5.60	10.64	10.98	7.79	18.89	13.51	4.73	11.51	16.73
	Cash flow	4.93	17.63	13.27	9.95	21.57	19.10	4.13	12.09	16.54	25.22
	Capex	(6.25)	(3.34)	(3.56)	(3.86)	(2.89)	(3.45)	(4.25)	(3.92)	(3.91)	(4.55)
	Free cash flow	(1.32)	14.28	9.72	6.08	18.68	15.64	(0.12)	8.17	12.63	20.66
	Book value	62.34	74.55	82.05	106.99	108.55	125.96	126.77	134.58	145.18	160.99
	Shares, m	45	45	46	49	52	51	48	48	47	47
Valuation, ×
Valuation, ×	P/E	14.54	27.79	11.91	16.27	18.97	14.21	12.03	39.43	22.03	20.06
	P/S	0.36	0.48	0.35	0.47	0.46	0.71	0.38	0.43	0.51	0.61
	P/B	1.64	2.07	1.54	1.63	1.37	2.14	1.28	1.39	1.74	2.09
	EV/Sales	0.43	0.52	0.37	0.52	0.47	0.73	0.44	0.48	0.55	0.62
	EV/FCF	(94.82)	11.53	13.50	31.47	8.13	17.67	(1,543.24)	25.79	21.35	16.58
Cash, $m
Cash, $m	Operating cash flow	223	799	604	484	1,115	972	200	576	785	1,194
	Capex	(282)	(151)	(162)	(188)	(149)	(176)	(206)	(187)	(185)	(216)
	Free cash flow	(59)	647	442	296	965	797	(6)	389	600	979
Balance, $m
Balance, $m	Working capital	1,204	1,649	1,870	2,269	3,177	2,420	2,787	3,062	3,443	4,207
	Total debt	1,268	753	688	1,297	755	956	1,751	1,538	1,198	890
	Net debt	1,009	485	207	846	181	363	1,232	1,128	782	291
	Shareholders’ equity	2,815	3,378	3,735	5,205	5,610	6,413	6,143	6,410	6,895	7,623
Returns, %
Returns, %	ROA	4.77	3.27	5.02	4.51	2.88	6.45	4.21	1.42	3.33	4.58
	ROIC	7.45	8.83	11.21	7.39	6.03	9.62	7.36	4.78	7.07	8.67
	ROE	11.90	8.91	13.61	11.96	7.44	16.00	10.43	3.59	8.22	10.91

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
CBRE CBRE Group, Inc.	$39.2B	30.2×	20.2×	+15.53% (above 0%: growing)	−2.78% (below 0%: shrinking)	−1,200.00% (below 0%: shrinking)	18.58%	3.25%	Compare
BEKE KE Holdings Inc. Sponsored ADR	$18.8B	27.6×	20.6×	−0.39% (below 0%: shrinking)	+125.00% (above 0%: growing)	+760.48% (above 0%: growing)	28.58%	12.33%	Compare
JLL Jones Lang LaSalle Incorporated	$14.3B	14.3×	13.2×	+10.84% (above 0%: growing)	+97.46% (above 0%: growing)	+51.87% (above 0%: growing)	54.76%	4.20%
CSGP CoStar Group, Inc.	$13.0B	173×	59.5×	+18.44% (above 0%: growing)	+879.02% (above 0%: growing)	+1,525.00% (above 0%: growing)	78.70%	8.22%	Compare
COMP Compass, Inc.	$7.4B	130×	24.1×	+109.03% (above 0%: growing)	+71.43% (above 0%: growing)	+164.71% (above 0%: growing)	100.00%	2.88%	Compare
FSV FirstService Corporation	$6.2B	38.3×	34.9×	+2.37% (above 0%: growing)	−0.99% (below 0%: shrinking)	−23.87% (below 0%: shrinking)	33.17%	6.88%	Compare
CIGI Colliers International Group Inc.	$4.6B	42.6×	49.4×	+16.68% (above 0%: growing)	+600.00% (above 0%: growing)	+285.13% (above 0%: growing)	40.39%	6.26%	Compare
IHS IHS Holding Limited	$2.9B	20.1×	7.6×	+10.41% (above 0%: growing)	n/m	−41.30% (below 0%: shrinking)	48.32%	19.32%	Compare
CWK Cushman & Wakefield PLC	$2.7B	39.0×	11.1×	+11.22% (above 0%: growing)	−12.00% (below 0%: shrinking)	+15,066.67% (above 0%: growing)	18.53%	4.86%	Compare
Median of peers	$6.8B	38.6×	22.4×	+13.37%	+71.43%	+224.92%	36.78%	6.57%

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Jones Lang LaSalle Incorporated (JLL) key facts

Strength: Jones Lang LaSalle Incorporated’s revenue for fiscal 2025 (year ended December 2025) was $26.1 billion, up 11.4% from fiscal 2024.
Jones Lang LaSalle Incorporated (JLL) is a Real Estate Services company in the Real Estate sector, listed on the New York Stock Exchange.
As of October 16, 2026, JLL traded at $305.51, a market capitalization of $14.3 billion.
Return on equity was 10.9% and debt-to-equity 0.22.
Its Piotroski F-score is 9 out of 9 for fiscal 2025.

Source: company filings (standardised) and stockrow calculations.