Jones Lang Lasalle | 10-Q: FY2025 Q2 Revenue Beats Estimate at USD 6.25 B

Revenue: As of FY2025 Q2, the actual value is USD 6.25 B, beating the estimate of USD 6.229 B.

EPS: As of FY2025 Q2, the actual value is USD 2.32, missing the estimate of USD 2.8748.

Real Estate Management Services

• Revenue: $4,894.0 million for Q2 2025, up 12% from $4,369.9 million in Q2 2024; $9,463.4 million for the first half of 2025, up 12% from $8,439.1 million in the first half of 2024.
• Adjusted EBITDA: $106.6 million for Q2 2025, up 20% from $88.6 million in Q2 2024; $172.9 million for the first half of 2025, up 8% from $160.0 million in the first half of 2024.

Leasing Advisory

• Revenue: $676.8 million for Q2 2025, up 5% from $642.2 million in Q2 2024; $1,262.9 million for the first half of 2025, up 9% from $1,162.6 million in the first half of 2024.
• Adjusted EBITDA: $120.4 million for Q2 2025, up 7% from $112.1 million in Q2 2024; $217.4 million for the first half of 2025, up 16% from $186.9 million in the first half of 2024.

Capital Markets Services

• Revenue: $520.3 million for Q2 2025, up 14% from $457.6 million in Q2 2024; $955.6 million for the first half of 2025, up 14% from $835.2 million in the first half of 2024.
• Adjusted EBITDA: $54.7 million for Q2 2025, up 62% from $33.8 million in Q2 2024; $103.3 million for the first half of 2025, up 76% from $58.8 million in the first half of 2024.

Investment Management

• Revenue: $103.1 million for Q2 2025, flat compared to $102.6 million in Q2 2024; $201.6 million for the first half of 2025, down 2% from $206.0 million in the first half of 2024.
• Adjusted EBITDA: $16.3 million for Q2 2025, down 28% from $22.7 million in Q2 2024; $32.1 million for the first half of 2025, down 27% from $43.7 million in the first half of 2024.

Software and Technology Solutions

• Revenue: $55.9 million for Q2 2025, down 1% from $56.4 million in Q2 2024; $113.0 million for the first half of 2025, up 2% from $110.3 million in the first half of 2024.
• Adjusted EBITDA: -$6.3 million for Q2 2025, improved from -$10.9 million in Q2 2024; -$9.2 million for the first half of 2025, improved from -$16.0 million in the first half of 2024.

Outlook

Jones Lang LaSalle Incorporated anticipates continued investment activity by both Investment Management and Software and Technology Solutions segments. The company plans to use its Facility for working capital needs, co-investment activities, share repurchases, capital expenditures, and acquisitions.