Company: JLL
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001037976-25-000045
Chunk: 126

Company: JONES LANG LASALLE INC
Filing Date: 2025-08-06
Form: 10-Q
Item: Item 2
Chunk 126
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-half-of-the-year Adjusted EBITDA were largely driven by the absence of the $8.2 million gain recognized in the prior-year quarter following the purchase of a controlling interest in a fund managed by the company.

AUM increased 3% in USD (2% in local currency) during the quarter, and decreased 2% in USD and local currency over the trailing twelve months. Changes in AUM are detailed in the tables below (in billions):

Quarter-to-dateBeginning balance (March 31, 2025)$82.3 Asset acquisitions/takeovers1.3 Asset dispositions/withdrawals(1.3)Valuation changes0.7 Foreign currency translation1.2 Change in uncalled committed capital and cash held0.7 Ending balance (June 30, 2025)$84.9    Trailing Twelve MonthsBeginning balance (June 30, 2024)$86.6 Asset acquisitions/takeovers5.8 Asset dispositions/withdrawals(7.6)Valuation changes1.9 Foreign currency translation0.2 Change in uncalled committed capital and cash held(2.0)Ending balance (June 30, 2025)$84.9 

42

Software and Technology Solutions

% ChangeThree Months Ended June 30,Change inin Local($ in millions)20252024U.S. dollarsCurrencyRevenue$55.9 56.4 (0.5)(1)%(1)%Platform compensation and benefits, excluding Carried interest$49.6 51.3 (1.7)(3)%(4)%Carried interest (benefit) expense(2.5)2.2 (4.7)(214)(217)Platform operating, administrative and other15.5 12.4 3.1 25 25 Depreciation and amortization6.2 4.8 1.4 29 31 Segment platform operating expenses68.8 70.7 (1.9)(3)(3)Gross contract costs0.5 1.4 (0.9)(64)(64)Segment operating expenses$69.3 72.1 (2.8)(4)%(4)%Adjusted EBITDA(2)$(6.3)(10.9)4.6 42 %43 %Equity losses$(27.4)(9.0)(18.4