Company Overview

Jones Lang LaSalle Incorporated (JLL) is a global real estate services company headquartered in Chicago. The company has offices in 80 countries. A Fortune 500® company with annual revenue of $23.4 billion and operations in over 80 countries around the world, our more than 112,000 employees bring the power of a global platform combined with local expertise.

Business Operations and Services

Jones Lang LaSalle provides a wide range of real estate-related services to owners, occupiers, and investors worldwide, including leasing, property and project management, and capital markets advisory. It provides its services to real estate owners, occupiers, investors, and developers for various property types, including critical environments and data centers, offices, industrial and warehouses, residential properties, infrastructure projects, retail and shopping malls, logistics, and military housing and transportation centers; and hotels and hospitality, cultural, educational, government, healthcare and laboratory, and sports facilities.

Business Segments

The Company operates through five segments: Markets Advisory, Capital Markets, Work Dynamics, JLL Technologies, and LaSalle.

- Markets Advisory: The Markets Advisory segment offers real estate services such as agency leasing and tenant representation, property management, advisory, and consulting services.

- Capital Markets: The Capital Markets segment is composed of investment sales, debt and equity advisory, value and risk advisory, and loan servicing.

- Work Dynamics: The Work Dynamics segment provides services to occupiers of real estate, including facility and project management, as well as portfolio and other services.

- LaSalle Investment Management: JLL's investment management arm, LaSalle Investment Management, manages over $74 billion for clients across diverse public and private real estate strategies.

Company History and Leadership

Jones Lang LaSalle Incorporated was incorporated in 1997 and is headquartered in Chicago, Illinois. After LaSalle Partners' initial public offering (IPO) in 1997, which was led by its first CEO, Stuart Scott, it merged with Jones Lang Wootton in 1999, to form Jones Lang LaSalle (JLL) as part of a $435 million deal. The company was formerly known as LaSalle Partners Incorporated and changed its name to Jones Lang LaSalle Incorporated in March 1999. In 2014, the organization shortened its name to JLL for marketing purposes, while the legal name remained Jones Lang LaSalle Incorporated. Former company president Christian Ulbrich succeeded Colin Dyer as CEO in October 2016.

Financial Performance

Recent Financial Results

Q2 2025 Results (as of August 6, 2025):

- Jones Lang LaSalle Incorporated (NYSE: JLL) today reported operating performance for the second quarter of 2025 with diluted earnings per share of $2.32 (up 32%) and adjusted diluted earnings per share¹ of $3.30 (up 29%).

- Second-quarter revenue was $6.3 billion, up 10% in local currency¹ with Resilient⁴ revenues up 11% and Transactional⁴ revenues up 7%.

- Resilient⁴ and Transactional⁴ revenues both achieved at least six quarters of consecutive growth.

Annual Revenue Growth

- Jones Lang LaSalle annual revenue for 2024 was $23.433B, a 12.87% increase from 2023.

- Jones Lang LaSalle revenue for the twelve months ending June 30, 2025 was $24.676B, a 13.47% increase year-over-year.

- Jones Lang LaSalle annual revenue for 2023 was $20.761B, a 0.49% decline from 2022.

- Jones Lang LaSalle annual revenue for 2022 was $20.862B, a 7.72% increase from 2021.

Technology and Innovation

JLL has been investing heavily in technology and innovation to transform the real estate industry:

- JLL Technologies: The company expanded from commercial real estate services to include property technology, or "proptech", with the 2017 launch of its JLL Spark division.

- JLL Spark: In June 2018, JLL Spark created a $100 million venture fund to invest in real estate start-ups, such as a technology to link office users with co-working spaces.

- AI Innovation: The company developed a large language model (LLM) tool called JLL GPT for its employees, and launched it in August 2023. It was the first such model to be launched by a major real estate services company. The generative AI model is being trained on JLL's data as of 2023 and was developed to be able to answer questions about commercial real estate.

- Sustainability Technology: In June 2023, JLL launched Carbon Pathfinder, a software tool it had developed for companies to identify the carbon emissions from their buildings and ways to reduce those emissions.

Market Position and Recognition

The company is ranked 188 on the Fortune 500. JLL is a leader in inter-regional transactions, and we believe that its recent efforts to enhance cross-functional cooperation further and improve connectivity across various geographical regions will drive new growth opportunities and ensure better service to its multinational clients. As one of the largest of only a few truly international one-stop shops, JLL is poised to continue taking share from competitors in a growing industry that increasingly rewards scale.

Strategic Acquisitions

JLL has expanded its global presence through strategic acquisitions:

- JLL announced the acquisition of HFF in a deal worth $2 billion in March 2019. The acquisition was completed in July 2019 and worth $1.8 billion.

- JLL merged with UK-based King Sturge in a £197 million deal in 2011. The combined business, with 2,700 employees and 43 offices, created the largest property agent in the UK, as reported by The Telegraph in 2011.

- JLL had acquired 80 companies and established 100 offices worldwide by 2016.

JLL continues to strengthen its position as a leading global commercial real estate services company through organic growth, strategic acquisitions, and technology innovation, positioning itself well for future opportunities in the evolving real estate landscape.