Company: JLL
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0001037976-25-000071
Chunk: 55

Company: JONES LANG LASALLE INC
Filing Date: 2025-11-05
Form: 10-Q
Item: Item 1
Chunk 55
---
 Trailing Twelve MonthsBeginning balance (September 30, 2024)$84.6 Asset acquisitions/takeovers6.1 Asset dispositions/withdrawals(7.2)Valuation changes2.6 Foreign currency translation3.2 Change in uncalled committed capital and cash held(0.8)Ending balance (September 30, 2025)$88.5 

43

Software and Technology Solutions

% ChangeThree Months Ended September 30,Change inin Local($ in millions)20252024U.S. dollarsCurrencyRevenue$58.6 56.7 1.9 3 %3 %Platform compensation and benefits$46.4 48.1 (1.7)(4)%(4)%Platform operating, administrative and other13.0 12.8 0.2 2 2 Depreciation and amortization8.2 4.9 3.3 67 66 Segment platform operating expenses67.6 65.8 1.8 32Gross contract costs0.8 1.4 (0.6)(43)(45)Segment operating expenses$68.4 67.2 1.2 2 %1 %Adjusted EBITDA$(1.1)(5.6)4.5 80 %84 %

% ChangeNine Months Ended September 30,Change inin Local($ in millions)20252024U.S. dollarsCurrencyRevenue$171.6 167.0 4.6 3 %3 %Platform compensation and benefits$143.9 146.8 (2.9)(2)%(2)%Platform operating, administrative and other42.3 35.7 6.6 18 19 Depreciation and amortization20.7 14.2 6.5 46 45 Segment platform operating expenses206.9 196.7 10.2 55Gross contract costs2.0 4.0 (2.0)(50)(49)Segment operating expenses$208.9 200.7 8.2 4 %4 %Adjusted EBITDA$(15.2)(19.5)4.3 22 %22 %

For the third quarter and first nine months of 2025, Software and Technology Solutions revenue increased due to double-digit growth in software, offset by declines in technology