Filing Flows › Jones Lang Lasalle (JLL) › Q3 2025
Jones Lang Lasalle (JLL) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 5, 2025
Jones Lang Lasalle (JLL) reported revenue of $6.5B for the third quarter 2025 (Q3 2025), +11% from a year earlier and +4% from the quarter before. Operating margin was 4.2%, net earnings $222M (3.4% of revenue).
Jones Lang Lasalle, Q3 2025: revenue $6.5B (+11% year over year), operating margin 4.2%, net earnings $222M, operating cash flow $617M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $6.5B | +4% | +11% |
| Operating profit | $274M | +39% | +20% |
| Net earnings | $222M | +101% | +44% |
| Operating cash flow | $617M | +85% | +136% |
What changed
Revenue was $6.5B in Q3 2025, up 11% year over year and up 4% from the previous quarter. Real Estate Management Services was the largest line at 77% of revenue. Real Estate Management Services added $0.46B year over year (up 10%), 72% of the total change.
Operating profit was $0.27B, a 4.2% margin (up 0.3 points year over year). Of the extra revenue versus a year earlier, 7% reached operating profit, above the 4% margin then. Total costs grew 11% against revenue growth of 11%. Net earnings were $0.22B, up 44% year over year. The effective tax rate was 19.1%.
Operating cash flow was $0.62B (up 136% year over year), 277% of net earnings. Non-cash charges added back $0.06B of depreciation and amortization and $700K of share-based compensation. Working capital and other items added $0.34B.
Questions
What was Jones Lang Lasalle's revenue in the third quarter 2025?
Jones Lang Lasalle (JLL) reported revenue of $6.5B for the third quarter 2025 (Q3 2025), +11% from a year earlier and +4% from the quarter before.
Was Jones Lang Lasalle profitable in the third quarter 2025?
Operating profit was $274M (4.2% of revenue) and net earnings $222M.
Source: Jones Lang Lasalle 10-Q on SEC EDGAR.