Jones Lang LaSalle Incorporated (JLL) Earnings: Q3 2026 Results

The quarter ended September 30, 2026 and JLL published the results on October 28, 2026. Revenue and diluted EPS are shown against Q3 2025, the same quarter a year earlier, which takes seasonal swings out of the comparison. JLL reports EPS two ways: GAAP, under the accounting rules every US filer follows, and adjusted, which leaves out items the company considers outside its operating results. The release reconciles the two, and when they diverge, the reconciliation says why.

• JLL's revenue includes gross contract costs, mostly pass-through costs of client-dedicated staff and subcontractors in Real Estate Management Services: $4,697.1 million of the $7,281.2 million in Q3 2026.
• JLL reports most growth rates in local currency. Revenue grew 12% in both U.S. dollars and local currency this quarter.

Source: JLL Q3 2026 results, October 28, 2026. Also in the Form 10-Q for the quarter ended September 30, 2026. Figures as reported; checked against the release on November 10, 2026.

How JLL splits revenue in its own release, under its own labels, for Q3 2026 against Q3 2025. Indented lines are parts of the line above them.

• JLL's Real Estate Management Services revenue was $5.5 billion in Q3 2026, up 9% from $5.0 billion in Q3 2025, 76% of total revenue.
• JLL's Leasing Advisory revenue was $942 million in Q3 2026, up 27% from $742 million in Q3 2025, 13% of total revenue.
• JLL's Capital Markets Services revenue was $737 million in Q3 2026, up 20% from $612 million in Q3 2025, 10% of total revenue.
• JLL's Investment Management revenue was $105 million in Q3 2026, down 9% from $115 million in Q3 2025, 1% of total revenue.

Segment lines are the figures writers cite most often, because they show where the growth in a quarter came from. Companies redraw their segments from time to time and restate the prior year to match, so a year-ago figure here can differ from the one printed a year ago. When that has happened, the note above says so.

From the earnings release

JLL's release says it raised its full-year Adjusted EPS target range but does not print the range itself.

In its Q3 2026 release (Christian Ulbrich, CEO), JLL said:

“Given the strength of our pipelines and operating trends, we are optimistic about a strong finish to 2026 and have raised our full-year Adjusted EPS target range, reflecting 37% growth at the midpoint.”

Source: JLL Q3 2026 release, Oct 28, 2026.

This is the company's own guidance as of Oct 28, 2026, quoted as given. Walnut does not make forecasts of its own. Analyst estimates for the coming quarters are on the JLL forecast page.

Revenue and diluted EPS for the last 5 quarters. Each date links to that quarter's release.

GAAP revenue and diluted EPS, each as first reported in that quarter's release.

We do not hold a confirmed date for JLL's next report. Companies post the date on their investor relations site a few weeks ahead, usually with the time of the conference call.

Each quarter keeps its own page with the figures as reported, so a link to one stays pointed at the same numbers after the next report.

• Q3 2026 (this page), reported Oct 28, 2026

JLL reported revenue of $7,281.2 million in Q3 2026, up 12% from $6,510.4 million. Real Estate Management Services brought in $5,497.4 million, Leasing Advisory $941.8 million, Capital Markets Services $736.8 million and Investment Management $105.2 million. Gross contract costs, largely pass-through, were $4,697.1 million of the total. (JLL Q3 2026 release, Oct 28, 2026)

JLL groups its revenue into Resilient lines (Workplace Management, Project Management, Property Management, Software and Technology Solutions, Value and Risk Advisory, Loan Servicing and Investment Management advisory fees) and Advisory lines (leasing, investment sales, debt and equity advisory, and incentive fees). Resilient revenue rose 9% in local currency and Advisory revenue 22%. Workplace Management, which ran about 2.8 billion square feet of client real estate at the end of 2025, grew 10% to $3,750.5 million, and Project Management grew 14% to $1,103.0 million. (JLL Q3 2026 release, Oct 28, 2026; JLL Form 10-K, 2025, Feb 19, 2026)

Leasing Advisory revenue rose 27%, led by the U.S., up 39%, in industrial, office and data centers. JLL attributes the U.S. growth mainly to a meaningful uptick in average deal size. U.S. office leasing revenue rose 18% against market volumes up 2%, and U.S. industrial leasing revenue rose 56% against volumes up 38%, per JLL Research. (JLL Q3 2026 release, Oct 28, 2026)

Capital Markets Services revenue rose 21% in local currency. Investment sales grew 33%, debt advisory 13% and equity advisory 39%, with growth led by the U.S. and Japan. Investment Management revenue fell 7% in local currency as incentive and transaction fees dropped to $12.6 million from $22.4 million; assets under management were $88.4 billion at quarter end. (JLL Q3 2026 release, Oct 28, 2026)

JLL reported diluted EPS of $6.85 in Q3 2026, up 49% from $4.61, and adjusted diluted EPS of $6.76, up 50% from $4.50. Net income attributable to common shareholders was $319.8 million, against $222.8 million, and Adjusted EBITDA rose 33% to $460.2 million. JLL's adjusted measures exclude restructuring and acquisition charges ($19.3 million in the quarter) and net non-cash MSR and mortgage banking derivative activity, among other items. (JLL Q3 2026 release, Oct 28, 2026)

Leasing Advisory and Capital Markets Services drove the profit gain. Leasing Advisory Adjusted EBITDA rose to $201.8 million from $136.9 million and Capital Markets Services to $131.1 million from $89.9 million, helped by $6.8 million of lower loan-related expenses. Real Estate Management Services Adjusted EBITDA rose 13% to $114.5 million. (JLL Q3 2026 release, Oct 28, 2026)

Diluted weighted average shares fell to 46,693 thousand from 48,349 thousand. JLL repurchased 415.9 thousand shares for $141.7 million in the quarter and $551.7 million year to date, with $2.5 billion still authorized. The effective tax rate was 19.3%, against 19.1%. (JLL Q3 2026 release, Oct 28, 2026)

Diluted EPS divides net income by the weighted average number of shares outstanding in the quarter, plus the shares that options and other equity awards could add. Buybacks shrink that count and lift EPS for the same profit; share issuance and stock awards enlarge it.

JLL said it raised its full-year 2026 Adjusted EPS target range, which reflects 37% growth at the midpoint; the release does not state the range. JLL also said it intends to execute a new $500 million accelerated share repurchase, bringing full-year repurchases to over $1 billion. (JLL Q3 2026 release, Oct 28, 2026)

A consensus figure is the average of the models published by the analysts who cover JLL, collected by a data provider and revised up to the day of the report. A quarter that lands above it says how expectations were set as much as how the business did, and the share price on the day also reflects the guidance and the lines no consensus covers.

The consensus figures on this page are Yahoo Finance's, as pulled on the date shown. Each comes with the number of analysts behind it; the smaller that number, the more one revised estimate can move the average.

The figures below are the ones JLL's own release and filings put weight on for Q3 2026, with the latest reported value for each.

What the quarter means for a holding is a separate question from what it reported. The case for and against owning JLL is on is JLL a buy or a sell?, what analysts expect next is on the JLL forecast, and what the company does is on the Jones Lang LaSalle Incorporated (JLL) stock page.

Every number on this page can be traced to a document JLL published. Checking one takes a couple of minutes, and it is worth doing before you quote a figure anywhere.

• The results release is the document linked in the source line above. Companies publish it on their investor relations site at the moment results go out, and it carries the headline tables: revenue, operating income, net income and EPS for the quarter and the year-ago quarter.
• The same release is filed with the SEC as Exhibit 99.1 to a Form 8-K under Item 2.02, usually on the day of the report. The SEC copy does not change after the fact, which makes it the safer thing to link when you cite a number.
• The quarterly report (Form 10-Q) follows within a few weeks and carries the full financial statements, the segment note and management's discussion of what changed. The fourth quarter is covered by the annual report (Form 10-K) instead.
• Restated comparisons are flagged in the notes on this page. When a company redraws its segments or changes how it adjusts EPS, it restates the year-ago column, so the year-ago figure in a new release can differ from the one printed a year ago. This page always uses the comparison in the newer release, because that is the like-for-like one.

A walk-through of every line in a release, with what each one tells you, is in how to read an earnings report.