NYSE$JLL

Jones Lang Lasalle Inc · Q1 2022 earnings

Q1 2022 earnings · · Investor relations

Briefing

JLL delivered strong financial results driven by robust performance in Capital Markets and Markets Advisory businesses.

JLL reported a strong first quarter in 2022, with revenue up 21% to $4.8 billion and fee revenue up 36% to $1.9 billion. All segments achieved double-digit top-line growth, led by Capital Markets and Markets Advisory. Diluted earnings per share increased to $2.86, and adjusted diluted earnings per share rose to $3.47.

  • Revenue increased by 21% to $4.8 billion, while fee revenue grew by 36% to $1.9 billion, with all segments experiencing double-digit top-line growth.
  • Capital Markets fee revenue saw a significant increase of 54% due to higher transaction activity across the globe.
  • Markets Advisory fee revenue increased by 36% driven by strong leasing performance across asset classes.
  • LaSalle fee revenue grew by 36%, supported by advisory and transaction fees.

Headline financials

Total Revenue

$4.8B

Previous: $4.04B+18.9%
EPS (adj)

$3.47

Previous: $2.10+65.2%
Adjusted EBITDA

$274M

Previous: $190M+43.9%
Free Cash Flow

$146M

Previous: $103M+41.4%
Net Income

$146M

Previous: $103M+41.4%
Operating Income

$176M

Previous: $80.7M+117.7%
Gross Profit

$4.8B

Previous: $4.04B+18.9%
Cash & Equivalents

$576M

Previous: $457M+26.1%
Total Assets

$15.4B

Previous: $13.3B+15.7%
Stock-Based Comp

$2.7M

Previous: $6M-55.0%

Revenue & EPS history

JLL · Revenue · Quarterly

$4.8B

Q1 2022+18.9%vs Q1 2021
Beat estimate in 11 of 16 quarters(69%)
ActualEstimate

Revenue by segment

JLL · $601M total across 1 segment · Q1 2022

  • Capital Markets Services
    $601M+87.5%

Forward guidance

The company is well positioned to help clients navigate a more uncertain macro environment and its strong capital position allows it to take advantage of opportunities in the marketplace.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2022

Historical avgQ1 2022

+1.2%

Avg return

Earnings day

+1.6%

Avg return

5 days after

+2.2%

Avg return

30 days after

66%

45 / 68 earnings

Positive

+15.9%

Q3 2023

Best reaction

-14.6%

Q3 2022

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+3.7%-6.1%-16.7%
Q4 2025+9.8%+6.1%+2.4%
Q3 2025-3.8%+0.2%+9.6%
Q1 2025-0.6%+4.6%+0.1%
Q4 2024-0.9%-6.4%-11.2%
Q3 2024-5.1%-2.4%-0.9%
Q2 2024-0.9%+2.7%+7.5%
Q1 2024+2.6%+5.6%+7.8%
Q4 2023+0.4%+4.3%+5.5%
Q3 2023+15.9%+11.2%+23.5%
Q2 2023+1.7%+5.8%+6.2%
Q1 2023+0.8%-1.5%+10.0%
Q4 2022+4.2%+3.3%-16.1%
Q3 2022-14.6%-9.3%+3.0%
Q2 2022-5.1%-3.7%-8.0%
Q1 2022-4.0%-3.9%-8.3%
Q4 2021+0.8%-8.4%-0.3%
Q3 2021+1.9%+4.3%-6.8%
Q2 2021+12.5%+12.2%+10.2%
Q1 2021+1.1%+5.0%+6.0%
Q4 2020-1.5%-0.6%+11.8%
Q3 2020+2.1%+3.4%+19.8%
Q2 2020-1.5%+9.6%+7.2%
Q1 2020-4.5%+3.1%+15.4%
Q4 2019-1.3%-0.7%-29.1%
Q3 2019+4.6%+7.1%+11.6%
Q2 2019+2.7%+4.7%+1.2%
Q1 2019-6.8%-8.6%-14.2%
Q4 2018+11.9%+12.8%+10.6%
Q3 2018+5.4%+1.5%+0.2%
Q2 2018-9.1%-13.3%-15.5%
Q1 2018+1.5%+0.2%-1.5%
Q4 2017+2.8%+3.7%+17.2%
Q3 2017+6.7%+9.2%+11.9%
Q2 2017-1.4%-1.2%-3.0%
Q1 2017+4.7%+3.1%+0.7%
Q4 2016+0.4%+2.1%+9.2%
Q3 2016-8.1%-4.1%+4.3%
Q2 2016+5.5%+6.7%+5.8%
Q1 2016+2.1%
Q4 2015-12.4%
Q3 2015+9.6%
Q2 2015+3.0%
Q1 2015+3.1%
Q4 2014+8.5%
Q3 2014+2.7%
Q2 2014+0.6%
Q1 2014-0.2%
Q4 2013+7.2%
Q3 2013+13.0%
Q2 2013-3.6%
Q1 2013-0.4%
Q4 2012+0.7%
Q3 2012+3.4%
Q2 2012-2.8%
Q1 2012+6.4%
Q4 2011-0.9%
Q3 2011+1.2%
Q2 2011-14.4%
Q1 2010+0.2%
Q1 2011+5.0%
Q4 2010+4.0%
Q4 2008+4.0%
Q3 2010+1.4%
Q3 2009+1.4%
Q2 2010+2.1%
Q4 2009+2.1%
Q2 2009+2.1%

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