Company: JLL
Filing Date: 2025-02-19
Form Type: 10-K
Source: 0001037976-25-000006
Chunk: 85

Company: JONES LANG LASALLE INC
Filing Date: 2025-02-19
Form: 10-K
Item: Item 7
Chunk 85
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 within Work Dynamics, (iv) JLL Technologies and (v) Advisory Fees, within LaSalle.

•We define "Transactional" revenue as (i) Leasing and Advisory, Consulting and Other, within Markets Advisory, (ii) Investment Sales, Debt/Equity Advisory and Other, within Capital Markets, (iii) Project Management and Portfolio Services and Other, within Work Dynamics and (iv) Incentive fees and Transaction fees and other, within LaSalle.

•Gross contract costs represent certain costs associated with client-dedicated employees and third-party vendors and subcontractors and are directly or indirectly reimbursed through the fees we receive. These costs are presented on a gross basis in Operating expenses (with the corresponding fees in Revenue).

Year Ended December 31, 2024 compared with Year Ended December 31, 2023

Year Ended December 31,Change in% Change in Local Currency($ in millions)20242023U.S. dollarsMarkets Advisory$4,500.7 4,121.6 379.1 9 %9 %Capital Markets2,040.4 1,778.0 262.4 15 15 Work Dynamics16,197.6 14,131.1 2,066.5 15 15 JLL Technologies226.3 246.4 (20.1)(8)(8)LaSalle467.9 483.7 (15.8)(3)(2)Revenue$23,432.9 20,760.8 2,672.1 13 %13 %Platform compensation and benefits$5,652.8 5,310.4 342.4 6 %7 %Platform operating, administrative and other expenses1,242.1 1,158.9 83.2 7 7 Depreciation and amortization255.8 238.4 17.4 7 7 Total platform operating expenses7,150.7 6,707.7 443.0 7 7 Gross contract costs15,391.0 13,375.9 2,015.1 15 15 Restructuring and acquisition charges23.1 100.7 (77.6)(77)(77)Total operating expenses$22,564.8 20,184.3 2,380.5 12 %12 %Operating