On October 28, 2026, Jones Lang LaSalle Incorporated (NYSE: JLL) reported its financial results for the third quarter ended September 30, 2026. The company announced diluted earnings per share (EPS) of $6.85 for the quarter, a 49% increase in U.S. dollars and a 50% increase in local currency compared to the prior year. Adjusted diluted EPS was reported at $6.76, up 50% in USD and 52% in local currency.
Net income attributable to common shareholders increased 44% in USD and 45% in local currency to $319.8 million. Adjusted EBITDA for the quarter was $460.2 million, representing a 33% increase in both USD and local currency.
Revenue for the three months ended September 30, 2026, totaled $7.28 billion, a 12% increase in both USD and local currency. The company reported the following revenue growth by segment:
- Real Estate Management Services: Up 9% in local currency, driven by strength in Workplace Management and Project Management.
- Leasing Advisory: Up 27% in local currency, led by growth in the U.S. across industrial, office, and data center asset classes.
- Capital Markets Services: Up 21% in local currency, with broad-based growth across sectors and geographies.
- Investment Management: Down 9% in local currency.
Regarding capital allocation, JLL intends to execute a new $500 million accelerated share repurchase imminently. This brings total share repurchases for the year to over $1 billion. As of September 30, 2026, the company had $2.5 billion remaining authorized for repurchase. The company also reported a corporate liquidity of $3.57 billion and a net debt of $858.7 million, resulting in a net leverage ratio of 0.5x.
JLL CEO Christian Ulbrich stated that the record results reflected the company's ability to convert growth into margin-accretive profit. He noted that given the strength of pipelines and operating trends, the company has raised its full-year Adjusted EPS target range, reflecting 37% growth at the midpoint.
