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JLL

Jones Lang LaSalle Incorporated

Jones Lang LaSalle Incorporated Q4 FY2025 earnings call

February 18, 2026 · fiscal period ended 2025-12

EPS · actual vs est

$8.71 / $7.25Beat +20.1%

Revenue · actual vs est

$7.61B / $6.01BBeat +26.6%
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Summary

Generated 2026-02-18

Management highlights

Christian Ulbrich highlights strong performance in Q4 2025 and full year 2025 with seventh consecutive quarter of double-digit revenue gain and ninth consecutive quarter of double-digit EPS growth. 2025 full-year revenue up 11%, adjusted EBITDA $1.45B, up 22%. Investment sales growth driven by data-driven platform. Leasing business benefited from office and industrial demand growth

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Segment performance

Real estate management services: Q4 revenue up 9%, full-year up 11%. Leasing advisory: Q4 revenue up 17%, full-year growth driven by leasing momentum. Capital market services: Q4 investment sales up 27%, debt advisory revenue up 20%. Investment management: Lower revenue due to decline in incentive fees. Software and technology solutions: Double-digit growth in software revenue

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Guidance

2026 full-year adjusted EBITDA target range $1.575B - $1.675B, midpoint 12% growth. Expect continued growth in leasing business and strong pipeline in capital markets

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Risks

Market volatility in real estate services industry. One-time impact from higher US healthcare costs in Q4

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Q&A highlights

Q: Sean Coghlan asks about revenue growth expectations for 2026 in areas like capital markets, leasing, REMS.

A: Kelly Howe and Karen Brennan respond.

Q: Anthony Paolone asks about AI competitive moat.

A: Christian Ulbrich answers

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Key numbers

Reported versus consensus

Earnings calendar feed

MetricReportedConsensusDeltaPrior year
EPS$8.71$7.25+20.1%$6.15
Revenue$7.61B$6.01B+26.6%$6.81B

Transcript

February 18, 2026

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