J
LL (NYSE: JLL) announced a robust third‑quarter performance, with double‑digit revenue growth and a sharp rise in earnings, driven by momentum in both its transactional and resilient segments. Diluted earnings per share climbed 45% to $4.61, while adjusted diluted EPS rose 29% to $4.50. Total revenue increased 10% in local currency to $6.5 billion, led by a 13% jump in Transactional revenues and a 9% gain in Resilient revenues—marking the first quarter of growth since the 2022 reorganization.

    The Real Estate Management Services line grew 10% YoY, supported by strong Project and Workplace Management results. Capital Markets Services expanded 22%, fueled by debt advisory, investment sales, and equity advisory. Leasing Advisory outpaced market volumes, up 8%, with notable gains in global office leasing and U.S. industrial markets. Profit margins widened thanks to higher revenues and improved operational efficiency across the global platform.

    Operating cash flow reached $182.3 million year‑to‑date, the highest through three quarters since 2021. Share repurchases increased, with $70 million bought back in Q3 and $131.2 million year‑to‑date—an 118% rise over the same period last year.

    CEO Christian Ulbrich highlighted the company’s strong top‑ and bottom‑line results and impressive free cash flow, attributing success to accelerated transactional revenue and sustained momentum in resilient businesses. He announced a higher midpoint for the full‑year Adjusted EBITDA target, confident in continued growth through 2025. Ulbrich emphasized that the alignment of data, technology, and AI with core services positions JLL to deepen client relationships and drive long‑term profitable growth.