Company: JLL
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0001037976-25-000071
Chunk: 127

Company: JONES LANG LASALLE INC
Filing Date: 2025-11-05
Form: 10-Q
Item: Item 2
Chunk 127
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.2 million in lower gross receipts tax expense compared to 2024.

The increases in Adjusted EBITDA for both the current quarter and year-to-date periods were primarily driven by the strong top-line performance described above, which outpaced the aforementioned expense growth.

38

Leasing Advisory

% ChangeThree Months Ended September 30,Change inin Local($ in millions)20252024U.S. dollarsCurrencyLeasing$719.1 665.4 53.7 8 %8 %Advisory, Consulting and Other22.8 26.1 (3.3)(13)(13)Revenue$741.9 691.5 50.4 7 %7 %Platform compensation and benefits$538.3 494.9 43.4 9 %8 %Platform operating, administrative and other64.2 55.5 8.7 1615Depreciation and amortization10.9 9.1 1.8 2020Segment platform operating expenses613.4 559.5 53.9 10 9 Gross contract costs3.1 9.7 (6.6)(68)(68)Segment operating expenses$616.5 569.2 47.3 8 %8 %Adjusted EBITDA$136.9 131.7 5.2 4 %4 %

% ChangeNine Months Ended September 30,Change inin Local($ in millions)20252024U.S. dollarsCurrencyLeasing$1,936.7 1,781.8 154.9 9 %9 %Advisory, Consulting and Other68.1 72.3 (4.2)(6)(6)Revenue$2,004.8 1,854.1 150.7 8 %8 %Platform compensation and benefits$1,444.4 1,337.4 107.0 8 %8 %Platform operating, administrative and other198.8 174.4 24.4 1414Depreciation and amortization33.9 27.2 6.7 2525Segment platform operating expenses1,677.1 1,539.0 138.1 9 9 Gross contract costs8.4 24.4 (16.0)(66)(65)Segment operating expenses$