Jones Lang LaSalle Reports 11% Revenue Growth and Increased Profitability in Q2 2025

Jones Lang LaSalle Incorporated (JLL) reported its financial results for the second quarter and first half of 2025, showcasing a notable increase in revenue and profitability compared to the previous fiscal period. For the three months ended June 30, 2025, JLL generated revenue of $6,250.1 million, a 11% increase from $5,628.7 million in the same quarter of 2024. Net income attributable to common shareholders rose to $112.3 million, up from $84.4 million year-over-year, resulting in basic earnings per share of $2.36, compared to $1.77 in the prior year.

The company's performance was bolstered by strong growth in its Real Estate Management Services segment, which reported revenue of $4,894.0 million, a 12% increase from $4,369.9 million in the prior year. This growth was driven by a 10% increase in Workplace Management and a 22% rise in Project Management revenues. The Leasing Advisory segment also contributed positively, with revenue increasing by 5% to $676.8 million. However, the Investment Management segment saw a slight decline in revenue, totaling $103.1 million, down from $102.6 million in the previous year.

Operationally, JLL experienced significant changes, including a restructuring of its business segments effective January 1, 2025, which included renaming and reclassifying certain services. The company reported a total employee headcount of 47,378 as of June 30, 2025, a slight decrease from 47,415 in the previous quarter. The company also noted an increase in its total assets, which rose to $17,340.5 million from $16,763.8 million at the end of 2024, primarily due to growth in trade receivables and goodwill.

In terms of strategic developments, JLL made business acquisitions totaling $18.7 million during the first half of 2025, a decrease from $44.2 million in the same period of 2024. The company also reported a significant increase in its cash flow from financing activities, which provided $617.5 million in the first half of 2025, compared to $566.6 million in the prior year. This increase was attributed to higher borrowings to support investments and share repurchases.

Looking ahead, JLL anticipates continued growth driven by its resilient revenue streams and strategic investments. The company expects to leverage its enhanced platform capabilities and cost discipline to further improve profitability. However, it also acknowledges potential challenges from macroeconomic conditions and market fluctuations that could impact its performance in the coming quarters.