NYSE$JLL

Jones Lang Lasalle Inc · Q2 2024 earnings

Q2 2024 earnings · · Investor relations

Briefing

JLL's Q2 2024 performance was driven by resilient revenue growth in Work Dynamics and transactional business lines, along with successful cost management efforts, resulting in strong profit performance.

JLL reported strong second-quarter results with revenue up 12% in local currency, driven by growth in Resilient and Transactional revenue streams. The company's cost management efforts contributed to improved profitability and a decrease in net debt.

  • Revenue increased by 12% in local currency, reaching $5.6 billion.
  • Resilient revenues grew by 16% in local currency, with Work Dynamics leading the growth.
  • Transactional revenues increased by 5% in local currency.
  • Net debt decreased by nearly $150 million due to higher cash provided by operating activities.

Headline financials

Total Revenue

$5.63B

Previous: $5.05B+11.4%
EPS

$1.75

Previous: $0.50+250.0%
Adjusted EBITDA

$246M

Previous: $116M+112.1%
Net Leverage Ratio

1.7

No prior period
Corporate Liquidity

$2.45B

No prior period
Assets Under Management

$86.6B

No prior period
Capital Expenditures

-$38.2M

No prior period
Free Cash Flow

$84.4M

Previous: $2.5M+3276.0%
Net Income

$84.4M

Previous: $2.5M+3276.0%
Operating Income

$152M

Previous: $149M+2.1%
Gross Profit

$5.63B

Previous: $5.05B+11.4%
Cash & Equivalents

$424M

Previous: $403M+5.4%
Total Assets

$15.9B

Previous: $15.8B+0.5%
Stock-Based Comp

$300K

Previous: $1.5M-80.0%

Revenue & EPS history

JLL · Revenue · Quarterly

$5.63B

Q2 2024+11.4%vs Q2 2023
Beat estimate in 14 of 15 quarters(93%)
ActualEstimate

Revenue by segment

JLL · $436M total across 1 segment · Q3 2023

  • Capital Markets Services
    $436M-26.8%

Forward guidance

The company did not include forward guidance in this report.

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 2024

Historical avgQ2 2024

+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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