Jones Lang LaSalle (JLL) Q1 2026 earnings summary

Executive summary

• Revenue rose 11% year-over-year to $6.4B, with strong growth in Advisory and Capital Markets segments.

• Adjusted EBITDA increased 22% to $274M, driven by Capital Markets and Leasing Advisory.

• Adjusted net income surged 47% to $164M.

• Adjusted diluted EPS climbed 48% to $3.43, reflecting robust operational performance.

• Share repurchases totaled $300M, including $200M via accelerated program.

Financial highlights

• Revenue: $6,387M (up 11% USD, 9% local currency year-over-year).

• Adjusted EBITDA: $274M (up 22% USD, 24% local currency).

• Adjusted net income: $164M (up 47% USD, 54% local currency).

• Adjusted diluted EPS: $3.43 (up 48% USD, 56% local currency).

• Net income attributable to common shareholders: $159M, up 188% year-over-year.

Outlook and guidance

• 2026 revenue growth targets: mid- to high-single-digit for Real Estate Management Services, high-single-digit for Leasing Advisory, low-double-digit for Capital Markets, and low-single-digit for Investment Management.

• Adjusted EPS guidance for 2026: $21.80 to $23.50, reflecting 20% growth at the midpoint.

• Management highlighted the Accelerate 2030 strategy for long-term sustainable growth and expanding returns.

• Focus remains on leveraging data, AI, and scaling core services amid a fluid macro environment.