Filing Flows › Jones Lang Lasalle (JLL) › Q1 2025
Jones Lang Lasalle (JLL) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 7, 2025
Jones Lang Lasalle (JLL) reported revenue of $5.7B for the first quarter 2025 (Q1 2025), +12% from a year earlier and -16% from the quarter before. Operating margin was 2.1%, net earnings $57.5M (1.0% of revenue).
Jones Lang Lasalle, Q1 2025: revenue $5.7B (+12% year over year), operating margin 2.1%, net earnings $57.5M, operating cash flow −$768M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $5.7B | -16% | +12% |
| Operating profit | $120M | -68% | +5% |
| Net earnings | $57.5M | -76% | -12% |
| Operating cash flow | −$768M | — | — |
What changed
Revenue was $5.7B in Q1 2025, up 12% year over year and down 16% from the previous quarter. Real Estate Management Services was the largest line at 80% of revenue. Real Estate Management Services added $0.50B year over year (up 12%), 80% of the total change. Investment Management declined 5%.
Operating profit was $0.12B, a 2.1% margin (down 0.1 points year over year). Of the extra revenue versus a year earlier, 1% reached operating profit, below the 2% margin then. Total costs grew 12% against revenue growth of 12%. Net earnings were $0.06B, down 16% year over year. The effective tax rate was 19.6%.
Operating cash flow was −$0.77B. Non-cash charges added back $0.07B of depreciation and amortization and $700K of share-based compensation. Working capital and other items used $0.90B.
Questions
What was Jones Lang Lasalle's revenue in the first quarter 2025?
Jones Lang Lasalle (JLL) reported revenue of $5.7B for the first quarter 2025 (Q1 2025), +12% from a year earlier and -16% from the quarter before.
Was Jones Lang Lasalle profitable in the first quarter 2025?
Operating profit was $120M (2.1% of revenue) and net earnings $57.5M.
Source: Jones Lang Lasalle 10-Q on SEC EDGAR.