Jones Lang LaSalle Q3 revenue up 12%, slightly beats estimates
JLL•Jones Lang LaSalle reported third-quarter revenue of $7.28 billion, up 12%, and adjusted EPS of $6.76, beating analyst estimates. It raised its full-year 2026 adjusted EPS target range and announced a new $500 million accelerated share repurchase, with full-year buybacks expected to exceed $1 billion.
1. Quarterly results
Revenue rose 12% to $7.28 billion, slightly above the $7.24 billion analyst consensus. Adjusted EPS increased 50% to $6.76, beating the $6.16 estimate.
2. Business growth
Leasing Advisory revenue increased 27%, driven by US activity in industrial, office and data center sectors. Capital Markets Services revenue rose 21%, with growth in investment sales, debt advisory and equity advisory transactions, particularly in the US and Japan. Workplace Management and Project Management also recorded double-digit growth.
3. Outlook and buybacks
The company raised its full-year 2026 adjusted EPS target range, reflecting 37% growth at the midpoint, and said it expects a strong finish to the year. It plans a new $500 million accelerated share repurchase and expects full-year buybacks to exceed $1 billion.
