Company: JLL
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001037976-25-000045
Chunk: 48

Company: JONES LANG LASALLE INC
Filing Date: 2025-08-06
Form: 10-Q
Item: Item 1
Chunk 48
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 compensation and benefits expenses as a percentage of revenue improved year-over-year for the quarter (enabled by increased use of technology and shared service centers).

38

Capital Markets Services

% ChangeThree Months Ended June 30,Change inin Local($ in millions)20252024U.S. dollarsCurrencyInvestment Sales, Debt/Equity Advisory and Other$380.6 320.3 60.3 19 %17 %Value and Risk Advisory97.7 95.8 1.9 2 — Loan Servicing42.0 41.5 0.5 1 1 Revenue$520.3 457.6 62.7 14 %12 %Platform compensation and benefits$374.1 341.1 33.0 10 %8 %Platform operating, administrative and other95.0 83.3 11.7 1412Depreciation and amortization17.5 17.3 0.2 11Segment platform operating expenses486.6 441.7 44.9 109Gross contract costs1.7 11.8 (10.1)(86)(85)Segment operating expenses488.3 453.5 34.8 8 %6 %Equity earnings$0.8 0.5 0.3 60 %78 %Net non-cash MSR and mortgage banking derivative activity$(4.2)(11.8)7.6 64 %64 %Adjusted EBITDA$54.7 33.8 20.9 62 %61 %

39

Capital Markets Services (continued)

% ChangeSix Months Ended June 30,Change inin Local($ in millions)20252024U.S. dollarsCurrencyInvestment Sales, Debt/Equity Advisory and Other$693.2 579.0 114.2 20 %19 %Value and Risk Advisory179.3 176.0 3.3 2 2 Loan Servicing83.1 80.2 2.9 4 4 Revenue$955.6 835.2 120.4 14 %14 %Platform compensation and benefits$703.6 628.7 74.9 12 %12 %Platform operating, administrative and other165.7 144.1 21.6 1515Depreciation and