Filing Flows › Jones Lang Lasalle (JLL) › Q2 2025
Jones Lang Lasalle (JLL) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 6, 2025
Jones Lang Lasalle (JLL) reported revenue of $6.3B for the second quarter 2025 (Q2 2025), +11% from a year earlier and +9% from the quarter before. Operating margin was 3.2%, net earnings $110M (1.8% of revenue).
Jones Lang Lasalle, Q2 2025: revenue $6.3B (+11% year over year), operating margin 3.2%, net earnings $110M, operating cash flow $333M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $6.3B | +9% | +11% |
| Operating profit | $197M | +64% | +30% |
| Net earnings | $110M | +92% | +31% |
| Operating cash flow | $333M | — | +22% |
What changed
Revenue was $6.3B in Q2 2025, up 11% year over year and up 9% from the previous quarter. Real Estate Management Services was the largest line at 78% of revenue. Real Estate Management Services added $0.52B year over year (up 12%), 84% of the total change. Software and Technology Solutions declined 1%.
Operating profit was $0.20B, a 3.2% margin (up 0.5 points year over year). Of the extra revenue versus a year earlier, 7% reached operating profit, above the 3% margin then. Total costs grew 11% against revenue growth of 11%. Net earnings were $0.11B, up 33% year over year. The effective tax rate was 19.5%.
Operating cash flow was $0.33B (up 22% year over year), 301% of net earnings. Non-cash charges added back $0.07B of depreciation and amortization and $700K of share-based compensation. Working capital and other items added $0.15B.
Questions
What was Jones Lang Lasalle's revenue in the second quarter 2025?
Jones Lang Lasalle (JLL) reported revenue of $6.3B for the second quarter 2025 (Q2 2025), +11% from a year earlier and +9% from the quarter before.
Was Jones Lang Lasalle profitable in the second quarter 2025?
Operating profit was $197M (3.2% of revenue) and net earnings $110M.
Source: Jones Lang Lasalle 10-Q on SEC EDGAR.