Q2 2026 Jones Lang LaSalle Inc Earnings Call Transcript

Jul 30, 2026 / 01:00 PM GMT

Release Date Price: $361.72 (+6.39%)

Transcript 8-K

Key Points

Positve

Revenue grew by double digits, with adjusted EBITDA up 33% and adjusted EPS up 61%.
Resilient business lines (nearly 80% of revenue) showed consistent growth, with real estate management services up 8%.
Advisory revenue growth accelerated to 21%, driven by broad-based pickup in the US.
Free cash flow increased 52% to $438 million, providing flexibility for capital allocation.
Strong share repurchase activity, with $410 million in first-half buybacks, reducing share count by nearly 3%.

Negative

Property management growth was offset by strategic contract exits, expected to persist near-term.
Commission tier headwinds from higher deal sizes and US mix impacted margins in leasing and capital markets.
Capital markets in Europe experienced elongated investment sales timelines due to geopolitical conflicts.
Investment management advisory fee growth was mostly offset by declines from Asia Pacific dispositions.
Full-year revenue growth targets for leasing and capital markets are mindful of strong prior-year comparables in the second half.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

JLL.N - Jones Lang LaSalle Inc
Q2 2026 Jones Lang LaSalle Inc Earnings Call
Jul 30, 2026 / 01:00PM GMT

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Presentation
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Unidentified_1 [1]
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Hello, everyone.

Thank you for joining us and welcome to the second quarter 2026 earnings conference call for Jones Lang LaSalle, Inc.

After today's prepared remarks, we will host a question-and-answer session. If you would like to ask a question, please press *1 to raise your hand. To withdraw your question, press *1 again. I will now hand the conference over to Sean Coughlin, Head of Investor Relations. Sean, please go ahead.

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Unidentified_2 [2]
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Thank you and good morning. Welcome to the second quarter 2026 earnings conference

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