NYSE$JLL

Jones Lang Lasalle Inc · Q2 2021 earnings

Q2 2021 earnings · · Investor relations

Briefing

JLL reported exceptional top and bottom-line results, driven by a strong recovery in transaction-based businesses and continued investments in platform, people, and technology.

JLL reported outstanding operating performance for the second quarter of 2021, with consolidated revenue of $4.5 billion, a 22% increase from the prior year. Diluted earnings per share increased to $3.82, and adjusted diluted earnings per share rose to $4.20. The company is increasing its 2021 Adjusted EBITDA margin target range to 16% to 19%.

  • Consolidated revenue increased by 22% to $4.5 billion, and fee revenue increased by 46% to $1.8 billion.
  • Leasing and Capital Markets strongly rebounded, nearly doubling prior-year fee revenue.
  • Net income attributable to common shareholders was $200.0 million, up from $15.2 million in the prior-year quarter.
  • Adjusted EBITDA margin for the quarter, calculated on a fee-revenue basis, was 18.3%.

Headline financials

Total Revenue

$4.5B

Previous: $3.67B+22.5%
EPS (adj)

$4.20

Previous: $0.71+491.5%
Adjusted EBITDA

$332M

Previous: $103M+221.8%
Free Cash Flow

$200M

Previous: $15.2M+1215.8%
Net Income

$200M

Previous: $15.2M+1215.8%
Operating Income

$224M

Previous: $10.8M+1976.9%
Gross Profit

$4.5B

Previous: $3.67B+22.5%
Cash & Equivalents

$494M

Previous: $414M+19.5%
Total Assets

$13.5B

Previous: $12.8B+5.0%
Stock-Based Comp

$6M

Previous: $13M-53.8%

Revenue & EPS history

JLL · Revenue · Quarterly

$4.5B

Q2 2021+22.5%vs Q2 2020
Beat estimate in 11 of 16 quarters(69%)
ActualEstimate

Revenue by segment

JLL · $448M total across 1 segment · Q2 2021

  • Capital Markets Services
    $448M+108.8%

Forward guidance

JLL is increasing its 2021 Adjusted EBITDA margin target range to 16% to 19%.

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 Q2 2021

Historical avgQ2 2021

+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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