Every material Form 8-K Jones Lang LaSalle has filed with the SEC since November 06, 2023, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Jones Lang LaSalle elected two independent, non-executive directors, Nabeel Al-Amudi and Toni Townes-Whitley, to its Board, effective December 1, 2026, expanding the Board to 13 members. Both will serve on the Audit & Risk and Compensation Committees until the 2027 Annual Meeting of Shareholders.
Board elected Al-Amudi and Townes-Whitley on November 3, 2026; effective date is December 1, 2026.
Board expands to 13 members, per the company's news release.
Al-Amudi is a former Saudi transport minister and former CEO of Olayan Financing Company; Townes-Whitley was most recently CEO of Science Applications International Corp. (SAIC).
Both will receive pro-rated non-employee director compensation under the company's existing program.
On October 29, 2026, Jones Lang LaSalle entered into a confirmation with Wells Fargo Bank for an accelerated share repurchase of $500 million of its common stock. The buyback is being made under the company's previously announced share repurchase program, so it reflects capital already authorized by the board.
Size of the accelerated share repurchase: $500 million of common stock
Counterparty: Wells Fargo Bank
Executed October 29, 2026, under the previously announced share repurchase program
Filing signed by CFO Kelly Howe on October 30, 2026
JLL reported third-quarter 2026 revenue of $7.3 billion, up 12% in USD, and diluted earnings per share of $6.85, up 49% from $4.61 a year earlier. The company also raised its full-year Adjusted EPS target range and plans a new $500 million accelerated share repurchase, which the company said it intends to execute imminently.
Diluted EPS $6.85 versus $4.61 in Q3 2025; adjusted diluted EPS $6.76, up 50% in USD
Revenue $7.3 billion, up 12%; Leasing Advisory up 27% in local currency, Capital Markets Services up 21%
Intends to execute a $500 million accelerated share repurchase imminently; $2.5 billion remained authorized as of September 30, 2026
Net debt fell to $858.7 million at September 30, 2026, from $1,190.3 million at June 30, 2026
Jones Lang LaSalle disclosed that Mihir Shah, CEO of Jones Lang LaSalle Technologies and a member of the Global Executive Board, will depart effective April 1, 2027. His separation agreement provides cash severance, a pro-rated incentive payment and other benefits, with equity awards treated under existing plans.
Mihir Shah leaves the company effective April 1, 2027; the separation agreement is dated September 28, 2026
Severance equals 54 weeks of base salary, or $675,000, plus a pro-rated Annual Incentive Plan payment of $590,000 and an additional payment of $2,360,000
Unvested equity awards are forfeited as of the Separation Date, with pro-rated vesting of outstanding awards based on service
Payments are conditioned on a general release of claims; the agreement includes a twelve-month non-solicitation covenant
Jones Lang LaSalle appointed Paul Morgan as its new Chief Operating Officer, effective immediately, reporting to CEO and President Christian Ulbrich. The company is centralizing its enterprise-wide operational expertise into one global operations function under the new role, as part of its Accelerate 2030 long-term strategy. The filing contains no financial results or guidance, so the effect on shareholders is not quantified.
Paul Morgan, age 54, appointed Chief Operating Officer effective September 16, 2026, a newly created role
Morgan reports to CEO and President Christian Ulbrich and joins the Global Executive Board
Morgan previously was Global Chief Operating Officer of Real Estate Management Services and CEO of Workplace Management; he joined JLL in 2016 after 18 years at Johnson Controls
JLL reported second-quarter 2026 revenue of $6.9 billion, up 11% in USD, and net income attributable to common shareholders of $215.6 million, up from $112.3 million a year earlier. The company also raised its full-year adjusted EPS target range, which CEO Christian Ulbrich said reflects 34% year-over-year growth at the midpoint, a development that matters to shareholders because it signals management's updated view of profit for the year.
Revenue was $6.9 billion, up 11% in USD and 10% in local currency; Leasing Advisory rose 24% in local currency.
Diluted EPS was $4.59 versus $2.32 a year earlier; adjusted diluted EPS was $5.26 versus $3.30.
Full-year adjusted EPS target range was raised; the midpoint reflects 34% year-over-year growth per CEO Christian Ulbrich.
Share repurchases were $110 million in the quarter; $2.6 billion remained authorized as of June 30, 2026.
JLL reported first-quarter 2026 results with revenue of $6.4 billion, up 11% in USD and 9% in local currency, and net income attributable to common shareholders of $159.0 million versus $55.3 million a year earlier. Both headline measures improved, though free cash flow was negative $819.9 million and net debt rose to $1.49 billion from $304.2 million at December 31, 2025, largely from seasonal first-quarter payments.
Revenue was $6.4 billion (6,386.5 million), up 11% in USD and 9% in local currency
Diluted EPS was $3.33 versus $1.14; adjusted diluted EPS was $3.43 versus $2.31
Free cash flow was negative $819.9 million versus negative $812.1 million in the prior-year quarter
Share repurchases totaled $300 million in the quarter, including a $200 million accelerated share repurchase launched in March; $2.7 billion remained authorized at March 31, 2026
JLL reported fourth-quarter 2025 revenue of $7.6 billion, up 12% in U.S. dollars from $6.8 billion a year earlier, and diluted earnings per share of $8.34 versus $4.97. For the full year, diluted EPS was $16.40, up 45%, on revenue of $26.1 billion, up 11%. The filing gives no new financial guidance; management said it will provide longer-term targets at an upcoming investor briefing.
Q4 revenue $7.6 billion, up 12% in U.S. dollars and 10% in local currency; net income attributable to common shareholders $401.7 million versus $241.2 million
Jones Lang LaSalle reported third-quarter 2025 diluted earnings per share of $4.61, up 45% from $3.20, on revenue of $6.5 billion, up 10% in local currency. The company said it expects momentum to continue into the fourth quarter and raised the mid-point of its full-year Adjusted EBITDA target, which supports the outlook for shareholders.
Diluted EPS was $4.61 versus $3.20 a year earlier; adjusted diluted EPS was $4.50 versus $3.50
Third-quarter revenue was $6.5 billion, up 10% in local currency; Transactional revenues rose 13% and Resilient revenues rose 9%
Quarterly cash flow from operating activities was $617.1 million versus $261.6 million; share repurchases were $70.0 million, with $882.0 million authorized remaining at September 30, 2025
Net Debt fell to $1,098.6 million at September 30, 2025, from $1,586.7 million at June 30, 2025
Jones Lang LaSalle reported second-quarter 2025 revenue of $6.3 billion, up 11% from a year earlier, and diluted earnings per share of $2.32, up 33%. The company said it doubled share repurchases in the quarter and increased the mid-point of its full-year Adjusted EBITDA target range, which matters to shareholders because it signals management's updated profit outlook.
Revenue was $6.3 billion, up 11% in U.S. dollars and 10% in local currency, versus the prior-year quarter.
Diluted EPS was $2.32 versus $1.75; adjusted diluted EPS was $3.30, up 29%.
Adjusted EBITDA was $291.7 million versus $246.3 million, up 18%.
Share repurchases totaled $41.4 million in the quarter, and $952.0 million remained authorized as of June 30, 2025.
JLL said CFO Karen Brennan will become CEO of its Leasing Advisory business effective July 1, 2025, and Kelly Howe, previously CFO of Leasing Advisory, will succeed her as CFO on the same date. The filing also sets out Howe's pay package, including a $600,000 base salary and a 2025 GEB AIP target of $1,000,000 prorated to $500,000 for the year.
Karen Brennan's last day as CFO is June 30, 2025; she will remain on the Global Executive Board in her new role.
Kelly Howe, 53, becomes CFO effective July 1, 2025, reporting to CEO and President Christian Ulbrich; she joined JLL in January 2024.
Howe's pay includes a $600,000 base salary, a GEB LTIP target of $1,500,000, and a one-time RSU grant of $675,000 in September 2025.
Andy Poppink will step down from the Global Executive Board and take the role of CEO, Leasing Advisory, EMEA and APAC, reporting to Brennan.
Jones Lang LaSalle reported first-quarter 2025 revenue of $5.7 billion, up 13% in local currency, and adjusted diluted EPS of $2.31, up 28%. GAAP diluted EPS fell 17% to $1.14, which the company attributes to non-cash losses, and operating cash flow was negative $767.6 million.
Revenue was $5,746.4 million, up 12% in dollars and 13% in local currency, the fourth consecutive quarter of double-digit growth.
Diluted EPS was $1.14, down 17% from $1.37; adjusted diluted EPS was $2.31, up 30% in dollars from $1.78.
Equity losses were $25.6 million, compared with $3.7 million a year earlier; net income attributable to common shareholders was $55.3 million versus $66.1 million.
Cash flows from operating activities were negative $767.6 million, and $993.4 million remained authorized for share repurchases as of March 31, 2025.
Jones Lang LaSalle reported fourth-quarter 2024 revenue of $6.8 billion, up 16% in local currency, and diluted earnings per share of $4.97, up from $3.57. For the full year, revenue rose 13% to $23.4 billion and diluted EPS reached $11.30 versus $4.67 in 2023, so the headline results improved for shareholders.
Q4 2024 revenue $6.8 billion, up 16% in local currency; Capital Markets up 32%
Q4 diluted EPS $4.97 vs $3.57; adjusted diluted EPS $6.15 vs $5.36
Full-year 2024 diluted EPS $11.30 vs $4.67; operating cash flow $785 million
$1,013.2 million remained authorized for share repurchase as of December 31, 2024
Jones Lang LaSalle reported third-quarter 2024 revenue of $5.9 billion, up 15% in local currency from the prior-year quarter, and net income attributable to common shareholders of $155.1 million, compared with $59.7 million. Diluted earnings per share were $3.20, versus $1.23 a year earlier, and adjusted diluted earnings per share were $3.50, versus $2.19, which points to higher profit for shareholders. Operating cash flow fell to $261.6 million from $325.7 million.
Third-quarter revenue was $5.9 billion, up 15% in local currency; Leasing rose 21% and Workplace Management rose 20%.
Diluted EPS was $3.20 versus $1.23; adjusted diluted EPS was $3.50 versus $2.19.
Net cash from operating activities was $261.6 million versus $325.7 million; Net Leverage Ratio was 1.4x at September 30, 2024.
Jones Lang LaSalle reported second-quarter 2024 revenue of $5,628.7 million, up 11% in US dollars (12% in local currency), and net income attributable to common shareholders of $84.4 million, compared with $2.5 million a year earlier. Results were lifted by growth in Work Dynamics and cost actions, while the prior-year quarter included $103.5 million of net equity losses.
Revenue of $5.6 billion, up 11% in US dollars; Work Dynamics revenue rose 17% to $3.9 billion
Diluted EPS of $1.75 vs $0.05 a year earlier; adjusted diluted EPS of $2.55 vs $2.12
An $18.0 million expense in Capital Markets tied to an August 2024 repurchase of a loan JLL originated and sold to Fannie Mae
Total net debt fell to $1,752.0 million at June 30, 2024, from $1,900.8 million at March 31, 2024
Jones Lang LaSalle reported first-quarter 2024 results with revenue of $5.1 billion, up 9% from a year earlier, and net income attributable to common shareholders of $66.1 million, compared with a loss of $9.2 million in the prior-year quarter. Free cash flow was an outflow of $720.7 million, an improvement from the $765.6 million outflow in the first quarter of 2023, while net debt rose from December 31, 2023, which the company attributed to annual incentive compensation payments.
Revenue was $5,124.5 million, up 9% from $4,715.5 million in the first quarter of 2023.
Diluted earnings per share were $1.37, compared with a loss of $0.19; adjusted diluted earnings per share were $1.78, compared with $0.71.
Total net debt was $1,900.8 million at March 31, 2024, up from $1,150.3 million at December 31, 2023, and the company repurchased 110,726 shares for $20.1 million in the quarter.
Jones Lang LaSalle reported fourth-quarter 2023 results on February 27, 2024. Quarterly revenue rose 4% in local currency to $5.9 billion, but fee revenue fell 2% to $2.2 billion and net income attributable to common shareholders edged down to $172.4 million, with diluted EPS of $3.57 versus $3.62 a year earlier. For the full year, net income fell to $225.4 million from $654.5 million, reflecting lower transaction-based revenue and equity losses.
Q4 2023 operating income rose to $290.4 million from $254.7 million; net income attributable to common shareholders was $172.4 million versus $174.8 million
Full-year 2023 diluted EPS was $4.67 versus $13.27 in 2022; adjusted diluted EPS was $7.40 versus $15.71
Full-year equity losses were $194.1 million compared with equity earnings of $51.0 million in 2022
Q4 free cash flow was an inflow of $680.2 million, compared with $532.0 million a year earlier
Jones Lang LaSalle signed Amendment No. 5 to its multicurrency credit agreement on November 3, 2023, setting borrowing capacity at $3.3 billion and extending maturity from April 2026 to November 2028. The amendment also changed Adjusted EBITDA adjustments, the Canadian dollar index rate, and sustainability targets, and the company said the longer maturity provides liquidity and flexibility.
Borrowing capacity under the Credit Agreement is $3.3 billion.
Maturity extended from April 2026 to November 2028.
Canadian dollar loans move from CDOR to the Canadian Overnight Repo Rate Average.
Sustainability incentives now include greenhouse gas reduction targets and certification of JLL-occupied buildings over 10,000 square feet by 2030.
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