EarningsQ2 2026 Earnings Report
MX:JLL Q2 2026 EPS Results
Actual EPS$95.18
Consensus EPS$82.50
Beat/MissBeat by +$12.68
One Year Ago EPS$59.71
MX:JLL Q2 2026 Revenue Results
Actual Revenue$125.36B
Expected Revenue$124.44B
Beat/MissBeat by +$923.08M
YoY Revenue Growth+10.84%
Earnings Announcement Details
QuarterQ2 2026
Date07/30/2026
TimeBefore Open
Conference CallThursday, July 30, 2026
MX:JLL Upcoming Earnings
Jones Lang Lasalle's next earnings date is estimated for October 28, 2026, based on past reporting schedules.
Q2 2026 Earnings Call Audio
MX:JLL Q2 2026 Earnings Call
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Q2 2026 Earnings Slide Deck
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call presented strong, broad-based operational performance: double-digit revenue growth, substantial margin and EPS expansion, large free cash flow improvement, balance sheet strengthening, and raised full-year EPS guidance. Segment-level strength was notable in leasing, capital markets and real estate management services, supported by platform and AI investments. Challenges were present but largely manageable — commission tier effects, strategic contract exits in property management, investment management fee variability, and regional softness in Europe/Asia exacerbated by geopolitical uncertainty. Overall, positives materially outweigh the negatives.Company Guidance
Double-digit Revenue Growth
Total revenue grew 11% reported (10% in local currency), driven almost entirely by organic growth and broad-based strength across advisory and resilient businesses.
Strong Profit and EPS Expansion
Adjusted EBITDA increased 33% and adjusted earnings per share rose 61% year-over-year; full-year adjusted EPS target range raised to $24.60–$25.90 (reflecting ~34% growth at the midpoint).
Robust Free Cash Flow and Balance Sheet
Free cash flow was $438 million, up 52% year-over-year; free cash flow conversion trending comfortably above the long-term average (>80%). Reported net leverage improved to 0.7x and corporate liquidity stands at $3.4 billion.
Active Capital Return to Shareholders
Share repurchases of $110 million in the quarter and $410 million in the first half; share count reduced nearly 3% year-over-year with $2.6 billion remaining on the repurchase authorization.
Resilient Real Estate Management Services
Resilient business lines (~80% of revenue) continue steady expansion: real estate management services revenue grew 8%; project management showed mid-single-digit management fee growth with double-digit growth in the Americas, and a 2-year stacked project management increase of 25% (current quarter +3%). Segment guidance affirmed at mid- to high single-digit revenue growth for the year.
Advisory Momentum — Leasing & Advisory
Advisory revenue accelerated to 21% growth; global office leasing revenue grew 20% versus market volume +2%. Two-year stacked global leasing advisory growth was 28% (current quarter contribution 24%). Company targets mid- to high teens revenue growth for the full year in leasing & advisory.
Capital Markets Outperformance
Debt advisory revenue grew 44%, investment sales revenue increased 20%, and equity advisory rose 53%. Two‑year stacked growth: debt advisory 71%, investment sales 30%. U.S. investment sales grew 53%, materially outpacing markets. Full-year target: mid-teens revenue growth for Capital Market Services.
Progress on Platform, Data & AI Investments
Management cites measurable operating leverage from platform investments and AI/data tools, enabling higher revenue per producer and increased productivity; software & Tech Solutions integration into REMS ahead of plan and contributing to profitability trajectory.
MX:JLL Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed