JLL financial statements

The full income statement, balance sheet, and cash-flow statement for Jones Lang LaSalle Incorporated (JLL), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.

Shares outstanding (point-in-time)

2024-06 47.5M2024-09 47.4M2024-12 47.4M2025-03 47.5M2025-06 47.4M2025-09 47.2M2025-12 46.9M2026-03 46.4M2026-06 46.0M-3.1% over 8 periods

SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.

PeriodRangeOrderChangeYoYQoQFiguresAs-reported fiscal years.

Line item	FY2025	FY2024	FY2023	FY2022	FY2021
Income Statement	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
Revenue	26.1B YoY+11.4%	23.4B YoY+12.9%	20.8B YoY-0.5%	20.9B YoY+7.7%	19.4B YoY+16.7%
	25.0B YoY+10.9%	22.6B YoY+11.8%	20.2B YoY+1.0%	20.0B YoY+9.1%	18.3B YoY+14.3%
Restructuring	—	—	—	—	64.3M YoY-46.6%
Amortization of intangibles	169M YoY-4.1%	176M YoY-0.8%	178M YoY-3.8%	185M YoY+15.6%	160M YoY+7.9%
Provision for credit losses	41.6M YoY+9.5%	38.0M YoY+87.2%	20.3M YoY-24.8%	27.0M YoY+123.1%	12.1M YoY-73.5%
Operating income	1.10B YoY+26.5%	868M YoY+50.6%	577M YoY-33.6%	868M YoY-16.8%	1.04B YoY+86.6%
Net interest income	-107M YoY+21.6%	-137M YoY-1.1%	-135M YoY-80.1%	-75.2M YoY-87.5%	-40.1M YoY+24.1%
Other non-operating income	11.7M YoY-38.1%	18.9M YoY+285.7%	4.90M YoY-96.7%	150M YoY+1291.7%	10.8M YoY-29.4%
Equity-method income	-20.7M YoY+70.8%	-70.8M YoY+63.5%	-194M YoY-480.6%	51.0M YoY-75.6%	209M YoY+2517.5%
Pre-tax income	982M YoY+44.5%	679M YoY+169.7%	252M YoY-74.7%	994M YoY-18.7%	1.22B YoY+131.0%
Income tax	190M YoY+43.0%	133M YoY+415.6%	25.7M YoY-87.2%	201M YoY-24.0%	264M YoY+147.2%
	792M YoY+44.9%	547M YoY+142.6%	225M YoY-65.6%	655M YoY-31.9%	962M YoY+138.9%
Net income to non-controlling interest	100K	0.00 YoY-100.0%	800K YoY-99.4%	139M YoY+6139.1%	-2.30M YoY-111.4%
Net income to common	792M YoY+44.9%	547M YoY+142.6%	225M YoY-65.6%	655M YoY-31.9%	962M YoY+138.9%
	$16.40 YoY+45.1%	$11.30 YoY+142.0%	$4.67 YoY-64.8%	$13.27 YoY-28.2%	$18.47 YoY+139.9%
EPS (basic)	$16.73 YoY+45.4%	$11.51 YoY+143.3%	$4.73 YoY-65.0%	$13.51 YoY-28.5%	$18.89 YoY+142.5%
	47.4M YoY-0.3%	47.5M YoY-0.3%	47.6M YoY-1.7%	48.5M YoY-4.8%	50.9M YoY-1.5%
	48.3M YoY-0.1%	48.4M YoY+0.2%	48.3M YoY-2.1%	49.3M YoY-5.2%	52.1M YoY-0.4%
Dividends per share	—	—	—	—	$0.00
Balance Sheet	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
	8.18B YoY+9.4%	7.48B YoY+9.1%	6.86B YoY+4.4%	6.57B YoY+2.8%	6.39B YoY-1.0%
Cash & equivalents	599M YoY+43.9%	416M YoY+1.5%	410M YoY-21.0%	519M YoY-12.5%	594M YoY+3.4%
Accounts receivable	2.30B YoY+6.9%	2.15B YoY+2.8%	2.10B YoY-2.5%	2.15B YoY+7.2%	2.00B YoY+22.5%
Prepaid expenses	631M YoY-3.1%	651M YoY+14.8%	567M YoY-6.0%	604M YoY+20.5%	501M YoY-3.2%
	17.8B YoY+6.2%	16.8B YoY+4.4%	16.1B YoY+3.0%	15.6B YoY+0.6%	15.5B YoY+8.3%
Property, plant & equipment	631M YoY+5.4%	598M YoY-2.6%	614M YoY+5.3%	583M YoY-21.2%	740M YoY+11.5%
Operating lease right-of-use	712M YoY-4.1%	743M YoY+1.7%	731M YoY-5.8%	776M YoY+7.3%	723M YoY+2.3%
Goodwill	4.71B YoY+2.1%	4.61B YoY+0.5%	4.59B YoY+1.3%	4.53B YoY-1.8%	4.61B YoY+9.2%
Intangible assets	667M YoY-7.9%	724M YoY-7.8%	785M YoY-8.6%	859M YoY-3.2%	887M YoY+30.5%
Deferred tax assets	610M YoY+17.7%	518M YoY+4.2%	497M YoY+31.0%	380M YoY+14.8%	331M YoY+11.6%
Other non-current assets	259M YoY+18.2%	219M YoY+5.1%	209M YoY+18.5%	176M YoY-24.7%	234M YoY+28.1%
	7.39B YoY+3.4%	7.14B YoY+10.8%	6.45B YoY+9.0%	5.91B YoY-8.9%	6.49B YoY+5.9%
Accrued liabilities	1.40B YoY+5.7%	1.32B YoY-6.0%	1.41B YoY+13.7%	1.24B YoY-2.1%	1.26B YoY+2.7%
Deferred revenue	237M YoY+16.4%	204M YoY-10.0%	226M YoY+4.6%	217M YoY+4.0%	208M YoY+7.9%
Short-term & current debt	0.00 YoY-100.0%	353M YoY+138.7%	148M	0.00 YoY-100.0%	275M
Current lease liability	167M YoY+6.0%	157M YoY-2.9%	162M YoY+3.5%	156M YoY+1.7%	154M YoY-7.2%
Other current liabilities	264M YoY-18.0%	322M YoY-6.8%	345M YoY+4.5%	331M YoY+51.5%	218M YoY-27.2%
	10.2B YoY+3.1%	9.87B YoY+2.2%	9.65B YoY+2.2%	9.44B YoY+4.0%	9.08B YoY+4.4%
Non-current lease liability	774M YoY+3.4%	749M YoY-0.8%	755M YoY-2.7%	776M YoY+8.6%	714M YoY+4.5%
Operating lease liability (total)	941M YoY+3.9%	906M YoY-1.1%	916M YoY-1.7%	932M YoY+7.4%	868M YoY+2.2%
Deferred tax liabilities	56.0M YoY+22.8%	45.6M YoY+1.8%	44.8M YoY-76.9%	194M YoY+8.0%	180M YoY+49.8%
Other non-current liabilities	427M YoY+1.8%	419M YoY-4.7%	440M YoY+8.0%	407M YoY-29.5%	578M YoY-3.3%
	7.50B YoY+10.8%	6.77B YoY+7.6%	6.29B YoY+4.5%	6.02B YoY-2.7%	6.18B YoY+12.0%
Common stock	500K YoY+0.0%	500K YoY+0.0%	500K YoY+0.0%	500K YoY+0.0%	500K YoY+0.0%
Additional paid-in capital	2.07B YoY+1.8%	2.03B YoY+0.6%	2.02B YoY-0.1%	2.02B YoY-1.5%	2.05B YoY+1.5%
Retained earnings	7.11B YoY+12.3%	6.33B YoY+9.3%	5.80B YoY+3.7%	5.59B YoY+13.2%	4.94B YoY+24.2%
Treasury stock	1.09B YoY+16.6%	938M YoY+1.9%	920M YoY-1.6%	935M YoY+130.0%	406M YoY+322.8%
Accumulated other comprehensive income	-573M YoY+11.5%	-647M YoY-9.4%	-592M YoY+8.7%	-648M YoY-63.9%	-395M YoY-4.8%
Non-controlling interest	120M YoY-2.8%	124M YoY+6.5%	116M YoY-4.5%	122M YoY-46.8%	229M YoY+156.2%
Total equity incl. non-controlling	7.62B YoY+10.6%	6.90B YoY+7.6%	6.41B YoY+4.4%	6.14B YoY-4.2%	6.41B YoY+14.3%
Total liabilities & equity	17.8B YoY+6.2%	16.8B YoY+4.4%	16.1B YoY+3.0%	15.6B YoY+0.6%	15.5B YoY+8.3%
	52.1M YoY+0.0%	52.1M YoY+0.0%	52.1M YoY+0.1%	52.1M YoY+0.0%	52.1M YoY+0.2%
	46.9M YoY-1.0%	47.4M YoY-0.2%	47.5M YoY+0.0%	47.5M YoY-5.0%	50.0M YoY-2.1%
	46.9M YoY-1.1%	47.4M YoY-0.1%	47.4M YoY-0.3%	47.6M YoY-4.6%	49.9M YoY-2.4%
Cash Flow	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
	1.19B YoY+52.1%	785M YoY+36.4%	576M YoY+188.0%	200M YoY-79.4%	972M YoY-12.8%
Depreciation & amortization	253M YoY-1.2%	256M YoY+7.3%	238M YoY+4.5%	228M YoY+4.9%	218M YoY-3.9%
Intangible amortization	169M YoY-4.1%	176M YoY-0.8%	178M YoY-3.8%	185M YoY+15.6%	160M YoY+7.9%
Share-based compensation	2.70M YoY+17.4%	2.30M YoY-32.4%	3.40M YoY-44.3%	6.10M YoY-65.7%	17.8M YoY-51.5%
Other operating activities	14.2M YoY+14100.0%	100K YoY-99.4%	18.0M YoY+205.1%	5.90M YoY+142.1%	-14.0M YoY+48.3%
	-337M YoY-6.3%	-317M YoY-9.1%	-290M YoY-19.5%	-243M YoY+69.8%	-806M YoY-372.3%
Acquisitions	7.70M YoY-87.4%	60.9M YoY+347.8%	13.6M YoY+138.6%	5.70M YoY-98.6%	417M
Other investing activities	2.20M YoY+120.0%	1.00M YoY-76.2%	4.20M YoY-82.1%	23.5M YoY-33.0%	35.1M YoY+311.4%
	-643M YoY-42.6%	-451M YoY-20.5%	-374M YoY-2757.3%	-13.1M YoY+90.9%	-144M YoY+81.4%
Long-term debt issued	0.00	0.00 YoY-100.0%	400M	0.00	0.00
Long-term debt repaid	0.00	0.00	0.00	0.00	0.00
Net short-term debt	-63.9M YoY-2303.4%	2.90M YoY+111.7%	-24.8M YoY-223.4%	20.1M YoY-78.1%	91.8M YoY+242.8%
Common stock issued	0.00	0.00	0.00	0.00	0.00
Common stock repurchased	212M YoY+162.1%	80.7M YoY+31.0%	61.6M YoY-89.8%	601M YoY+75.1%	343M YoY+243.3%
Dividends paid	0.00	0.00	0.00	0.00	0.00
Other financing activities	-12.8M YoY-39.1%	-9.20M YoY+70.0%	-30.7M YoY-199.4%	30.9M YoY-43.7%	54.9M YoY+519.1%
FX effect on cash	31.9M YoY+213.9%	-28.0M YoY-544.4%	6.30M YoY+116.0%	-39.3M YoY-87.1%	-21.0M YoY-241.9%
Net change in cash	246M YoY+2400.9%	-10.7M YoY+87.0%	-82.6M YoY+13.6%	-95.6M YoY-5411.1%	1.80M YoY-99.0%
Interest paid	119M YoY-19.4%	147M YoY+1.5%	145M YoY+94.9%	74.3M YoY+91.5%	38.8M YoY-22.7%
Income taxes paid	226M YoY-20.7%	285M YoY+79.7%	159M YoY+149.3%	-321M YoY-22.4%	-263M YoY-89.5%
Valuation Ratios	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
Market cap	15.8B YoY+31.4%	12.0B YoY+33.5%	8.99B YoY+18.8%	7.56B YoY-43.7%	13.4B YoY+77.2%
P/E	19.9× YoY-9.3%	21.9× YoY-44.4%	39.4× YoY+369.9%	8.4× YoY-39.9%	14.0× YoY-25.8%
P/S	0.6× YoY+17.9%	0.5× YoY+16.7%	0.4× YoY+23.0%	0.4× YoY-48.6%	0.7× YoY+51.8%
P/B	2.1× YoY+18.6%	1.8× YoY+19.2%	1.5× YoY+13.4%	1.3× YoY-39.7%	2.2× YoY+58.2%
P/FCF	63.4× YoY+31.4%	48.2× YoY+33.5%	36.1× YoY+18.8%	30.4× YoY-43.7%	54.0× YoY+77.2%
	5.0% YoY+10.2%	4.6% YoY+79.8%	2.5% YoY-78.7%	11.9% YoY+66.5%	7.2% YoY+34.8%
	1.6% YoY-23.9%	2.1% YoY-25.1%	2.8% YoY-15.8%	3.3% YoY+77.6%	1.9% YoY-43.6%
	—	—	—	—	0.00%
Source filing	10-K	10-K	10-K	10-K	10-K

About this data

Source: JLL's SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn't file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all JLL filings on SEC EDGAR → Not investment advice.