JLL Q4 net income slips to $172.4 million; full-year profit falls 66% to $225.4 million
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.
Key points
- 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
The filing
Written by AI on Nov 8, 2026, 1:11 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on February 27, 2024.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.