JLL reported record second-quarter 2026 results with diluted earnings per share of $4.59 and revenue of $6.93 billion. Adjusted diluted EPS was $5.26 and adjusted EBITDA rose to $386.3 million, reflecting margin expansion and stronger cash generation. Net income attributable to common shareholders was $215.6 million for the quarter.
Financial Highlights
- Revenue: $6,927.9 million for the three months ended June 30, 2026 (up 11% in USD, 10% in local currency).
- Diluted earnings per share: $4.59 for Q2 2026 (up 98% in USD; 100% in local currency).
- Adjusted diluted earnings per share: $5.26 for Q2 2026 (up 59% in USD; 61% in local currency).
- Net income attributable to common shareholders: $215.6 million for Q2 2026 (up 92% in USD; 94% in local currency).
- Adjusted EBITDA: $386.3 million for Q2 2026 (up 32% in USD; 33% in local currency).
Business Highlights
- Advisory revenues accelerated, rising 21% in local currency with Leasing Advisory up 24% and Capital Markets Services up 19% in local currency.
- Resilient revenues grew 8% in local currency, led by Workplace Management strength within Real Estate Management Services.
- Leasing momentum driven by office, industrial and data center activity, with notable outperformance in the U.S., Japan and the UK.
- Capital Markets delivered broad-based growth across debt advisory, investment sales and equity advisory, led by the U.S., Japan and Australia.
- Cash flow and capital allocation: Q2 operating cash inflow improved to $488.1 million; share repurchases totaled $110 million in the quarter (H1 repurchases $410 million) and $2.6 billion remained authorized as of June 30, 2026.
Original SEC Filing:
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