Jones Lang LaSalle Incorporated filed an earnings release on October 28, 2026, reporting third-quarter 2026 financial results that included record diluted earnings per share and plans for a new accelerated share repurchase program.

Key Highlights

  • Record diluted EPS: Diluted earnings per share reached $6.85 for the third quarter of 2026, up 49% in USD and 50% in local currency compared with the prior-year quarter.
  • Revenue growth: Total revenue was $7,281.2 million for the quarter, up 12% in both USD and local currency year over year.
  • Adjusted EBITDA: Adjusted EBITDA increased 33% in both USD and local currency to $460.2 million for the third quarter.
  • Leasing Advisory acceleration: Leasing Advisory revenue rose 27% in local currency, with the filing citing strength in U.S. industrial, office, and data center segments.
  • New share repurchase: The company disclosed it intends to execute a new $500 million accelerated share repurchase imminently, which would bring full-year repurchases to over $1 billion.
  • Net leverage improvement: Net Leverage Ratio declined to 0.5x as of September 30, 2026, compared with 0.7x as of June 30, 2026, and 0.8x as of September 30, 2025.
  • Nine-month Free Cash Flow: Free Cash Flow for the nine months ended September 30, 2026, was $174.2 million, up 297% from $43.9 million in the same prior-year period.

JLL Third-Quarter 2026 Results: Revenue, Profitability, and Capital Allocation

Jones Lang LaSalle (NYSE:JLL) reported third-quarter 2026 revenue of $7,281.2 million, compared with $6,510.4 million in the prior-year quarter, according to the filing. Advisory revenues collectively grew 22% in local currency, led by Leasing Advisory at 27% and Capital Markets Services at 21% in local currency. Resilient revenues, which include Real Estate Management Services, rose 9% in local currency, with Workplace Management up 10% and Project Management up 14%, both within Real Estate Management Services.

Net income attributable to common shareholders for the quarter was $319.8 million, up 44% in USD and 45% in local currency from $222.8 million in the third quarter of 2025. Adjusted diluted earnings per share was $6.76 for the quarter, up 50% in USD and 52% in local currency. For the nine months ended September 30, 2026, diluted earnings per share was $14.73 compared with $8.07 in the same prior-year period, a 83% increase in USD. The filing noted that the effective tax rate for the third quarter was 19.3%, compared with 19.1% in the prior-year quarter, a 20 basis point change.

Regarding capital allocation, the filing reported that the company repurchased 415,900 shares for $141.7 million in the third quarter of 2026, and 1,720,000 shares for $551.7 million for the nine months ended September 30, 2026. As of September 30, 2026, $2.5 billion remained authorized for repurchase. Net Debt stood at $858.7 million as of September 30, 2026, down from $1,190.3 million as of June 30, 2026. Corporate Liquidity was $3,567.3 million as of September 30, 2026. The filing also disclosed $113.5 million outstanding under the company's commercial paper program, which has $2.5 billion authorized for issuance. The company's statements about full-year targets and pipeline strength are the company's own characterizations and are subject to its cautionary language regarding forward-looking statements.

What Was Disclosed

Jones Lang LaSalle reported third-quarter 2026 results including revenue of $7,281.2 million, diluted EPS of $6.85, and Adjusted EBITDA of $460.2 million, and disclosed plans for a new $500 million accelerated share repurchase program.