Core Insights - Jones Lang LaSalle Incorporated (JLL) reported second-quarter 2025 adjusted earnings per share (EPS) of $3.3, exceeding the Zacks Consensus Estimate of $3.2 and up from $2.55 in the prior-year quarter [1][9] - Total revenues reached $6.25 billion, surpassing the Zacks Consensus Estimate of $6.11 billion and reflecting an 11% increase year-over-year [2][9] Revenue Performance - The company's revenue growth was driven by strong performance in Workplace Management and Project Management, alongside growth in transaction-based businesses such as Investment Sales and Debt/Equity Advisory [2] - Real Estate Management Service segment revenues were $4.89 billion, a 12% year-over-year increase, primarily due to strong Workplace Management performance and new contracts in the U.S. and Asia Pacific [3] - Leasing Advisory segment revenues increased to $676.8 million, up 5.4% year-over-year, with significant growth in the U.S. industrial sector [4] - Capital Market Services segment revenues rose 13.7% year-over-year to $520.3 million, driven by debt advisory and investment sales, with notable contributions from the residential sector [5] - Investment Management segment revenues slightly increased to $103.1 million, attributed to higher incentive and advisory fees, although AUM decreased to $84.9 billion from $86.6 billion year-over-year [6] - Software and Technology Solutions segment revenues decreased by 1% to $55.9 million due to reduced technology spending from large clients [7] Financial Position - JLL ended Q2 2025 with cash and cash equivalents of $401.4 million, down from $432.4 million at the end of Q1 2025 [8] - The net leverage ratio improved to 1.2 from 1.4 as of March 31, 2025, while corporate liquidity increased to $3.32 billion from $3.31 billion [10]

Financial Performance - JLL's revenue increased by 9% to $5125 million in Q1 2024, compared to $4716 million in Q1 2023[33] - Gross Contract Costs increased by 12% to $3499 million in Q1 2024, compared to $3133 million in Q1 2023[33] - Adjusted EBITDA increased by 66% to $187 million in Q1 2024, compared to $113 million in Q1 2023[33] - Adjusted Net Income increased by 151% to $86 million in Q1 2024, compared to $34 million in Q1 2023[33] - Adjusted Diluted EPS increased by 151% to $1.78 in Q1 2024, compared to $0.71 in Q1 2023[33] Segment Performance - Markets Advisory revenue increased by 5% with adjusted EBITDA up by 33%[36] - Capital Markets revenue increased by 6% with adjusted EBITDA up by 145%[36] - Work Dynamics revenue increased by 11% with adjusted EBITDA up by 102%[36] - JLL Technologies revenue declined by 12% with adjusted EBITDA up by 73%[36] - LaSalle revenue declined by 8% with adjusted EBITDA down by 2%[36] Market Trends - Global direct investment was down 4% in local currency (6% USD) in Q1[10] - Global office leasing volumes in the first quarter were up 7% versus the prior-year quarter[24]