Filing Flows › Jones Lang Lasalle (JLL) › Q4 2025
Jones Lang Lasalle (JLL) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Feb 19, 2026
Jones Lang Lasalle (JLL) reported revenue of $7.6B for the fourth quarter 2025 (Q4 2025), +12% from a year earlier and +17% from the quarter before. Operating margin was 6.7%, net earnings $402M (5.3% of revenue).
Jones Lang Lasalle, Q4 2025: revenue $7.6B (+12% year over year), operating margin 6.7%, net earnings $402M, operating cash flow $1.0B. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $7.6B | +17% | +12% |
| Operating profit | $507M | +85% | +36% |
| Net earnings | $402M | +81% | +66% |
| Operating cash flow | $1.0B | +64% | +9% |
What changed
Revenue was $7.6B in Q4 2025, up 12% year over year and up 17% from the previous quarter.
Operating profit was $0.51B, a 6.7% margin (up 1.2 points year over year). Of the extra revenue versus a year earlier, 17% reached operating profit, above the 5% margin then. Total costs grew 10% against revenue growth of 12%. Net earnings were $0.40B, up 67% year over year. The effective tax rate was 19.3%.
Operating cash flow was $1.0B (up 9% year over year), 252% of net earnings. Non-cash charges added back $0.06B of depreciation and amortization and $0.11B of share-based compensation. Working capital and other items added $0.44B.
Questions
What was Jones Lang Lasalle's revenue in the fourth quarter 2025?
Jones Lang Lasalle (JLL) reported revenue of $7.6B for the fourth quarter 2025 (Q4 2025), +12% from a year earlier and +17% from the quarter before.
Was Jones Lang Lasalle profitable in the fourth quarter 2025?
Operating profit was $507M (6.7% of revenue) and net earnings $402M.
Source: Jones Lang Lasalle 10-K on SEC EDGAR.