Company: JLL
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001037976-25-000045
Chunk: 85

Company: JONES LANG LASALLE INC
Filing Date: 2025-08-06
Form: 10-Q
Item: Item 8
Chunk 85
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 June 30, 2025 and 2024 are not fully indicative of the results we expect to realize for the full fiscal year.

27

RESULTS OF OPERATIONS

Definitions

•Assets under management data for Investment Management is primarily reported on a one-quarter lag.

•n.m.: not meaningful, represented by a percentage change of greater than 1,000%, favorable or unfavorable.

•Effective January 1, 2025, we report Project Management in Resilient revenue. Prior period financial information was recast to conform with this presentation.

•We define "Resilient" revenue as (i) Workplace Management, Project Management and Property Management, within Real Estate Management Services, (ii) Value and Risk Advisory, and Loan Servicing, within Capital Markets Services, (iii) Advisory Fees, within Investment Management, and (iv) Software and Technology Solutions. In addition, we define "Transactional" revenue as (i) Portfolio Services and Other, within Real Estate Management Services, (ii) Leasing Advisory, (iii) Investment Sales, Debt/Equity Advisory and Other, within Capital Markets Services, and (iv) Incentive fees and Transaction fees and other, within Investment Management. 

•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).

•We define "MENA" as Middle East and North Africa.

Consolidated Operating Results Three Months Ended June 30,Change in% Change in Local Currency($ in millions)20252024U.S. dollarsReal Estate Management Services$4,894.0 4,369.9 524.1 12 %11 %Leasing Advisory676.8 642.2 34.6 5 5 Capital Markets Services520.3 457.6 62.7 1412Investment Management103.1 102.6 0.5 — (2)Software and Technology Solutions55.9 56.4 (0.5)(1)(1)Revenue$6,250.1 5,628.7 621.4 11 %10 %Platform compensation and benefits$1,427.2 1,330.8 96.4 7 %6 %Platform operating, administrative and other expenses349.7 324.