NYSE$JLL

Jones Lang Lasalle Inc · Q3 2021 earnings

Q3 2021 earnings · · Investor relations

Briefing

JLL's Q3 2021 performance was marked by significant revenue and profit growth, driven by the commercial real estate industry's recovery and strong client demand.

JLL reported strong Q3 2021 results with a 22% increase in revenue to $4.9 billion and an 81% increase in diluted earnings per share to $4.57. The company's performance was driven by growth in all segments and service lines, particularly in the Americas, with significant rebounds in transaction-based revenue from Capital Markets and Leasing.

  • Consolidated revenue reached $4.9 billion, a 22% increase, while fee revenue rose by 45% to $2.1 billion.
  • Diluted earnings per share increased to $4.57, up from $2.52 in the previous year, and adjusted diluted earnings per share rose to $4.56 from $2.99.
  • Capital Markets and Leasing experienced substantial growth, with revenue increases of 103% and 73%, respectively.
  • LaSalle demonstrated strong performance with significant incentive and advisory fees, and raised a record $4 billion of capital during the quarter.

Headline financials

Total Revenue

$4.89B

Previous: $3.98B+22.9%
EPS (adj)

$4.56

Previous: $2.99+52.5%
Adjusted EBITDA

$352M

Previous: $244M+44.5%
Free Cash Flow

$237M

Previous: $132M+79.8%
Net Income

$237M

Previous: $132M+79.8%
Operating Income

$293M

Previous: $155M+89.1%
Gross Profit

$4.89B

Previous: $3.98B+22.9%
Cash & Equivalents

$536M

Previous: $440M+21.8%
Total Assets

$15.4B

Previous: $13.9B+11.1%
Stock-Based Comp

$3.2M

Previous: $6.3M-49.2%

Revenue & EPS history

JLL · Revenue · Quarterly

$4.89B

Q3 2021+22.9%vs Q3 2020
Beat estimate in 11 of 16 quarters(69%)
ActualEstimate

Revenue by segment

JLL · $1.31B total across 2 segments · Q3 2021

  • Leasing Advisory
    $739M+71.7%
  • Capital Markets Services
    $575M+102.1%

Forward guidance

JLL remains confident in its ability to drive top and bottom-line growth and create long-term value for all stakeholders.

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 Q3 2021

Historical avgQ3 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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