Company: JLL
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001037976-25-000045
Chunk: 121

Company: JONES LANG LASALLE INC
Filing Date: 2025-08-06
Form: 10-Q
Item: Item 2
Chunk 121
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 quarter and first half of 2025 were primarily driven by revenue-related expense growth, partially offset by continued cost discipline. These drivers overcame headwinds from the prior-year favorable impact of incentive compensation accruals timing. Gross contract costs grew as a result of higher client pass-through costs.

The current-quarter and year-to-date increases in Adjusted EBITDA were primarily attributable to the top-line performance described above, coupled with continued cost discipline.

37

Leasing Advisory

% ChangeThree Months Ended June 30,Change inin Local($ in millions)20252024U.S. dollarsCurrencyLeasing$651.5 619.1 32.4 5 %5 %Advisory, Consulting and Other25.3 23.1 2.2 108Revenue$676.8 642.2 34.6 5 %5 %Platform compensation and benefits$479.3 460.7 18.6 4 %4 %Platform operating, administrative and other74.2 61.3 12.9 2120Depreciation and amortization11.0 9.0 2.0 2220Segment platform operating expenses564.5 531.0 33.5 6 6 Gross contract costs3.3 8.3 (5.0)(60)(60)Segment operating expenses$567.8 539.3 28.5 5 %5 %Equity earnings$— 0.1 (0.1)(100)%(149)%Adjusted EBITDA$120.4 112.1 8.3 7 %6 %

% ChangeSix Months Ended June 30,Change inin Local($ in millions)20252024U.S. dollarsCurrencyLeasing$1,217.6 1,116.4 101.2 9 %9 %Advisory, Consulting and Other45.3 46.2 (0.9)(2)(2)Revenue$1,262.9 1,162.6 100.3 9 %9 %Platform compensation and benefits$906.1 842.5 63.6 8 %8 %Platform operating, administrative and other134.6 118.9 15.7 1314Depreciation and amortization23.0 18.1 4.9 2728