Company: JLL
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0001037976-25-000071
Chunk: 15

Company: JONES LANG LASALLE INC
Filing Date: 2025-11-05
Form: 10-Q
Item: Item 1
Chunk 15
---
 which are otherwise included in Net income on the Consolidated Statements of Comprehensive Income.The Other segment items caption includes (i) other income/loss, (ii) gain/loss on disposal, (iii) interest on employee loans, net of forgiveness, (iv) net non-cash MSR and mortgage banking derivative activity, (v) net income/loss attributable to noncontrolling interest, (vi) the noncontrolling interest portion of amortization of acquisition-related intangibles which is not attributable to common shareholders and (vii) the noncontrolling interest portion of Equity earnings/losses which are not attributable to common shareholders.The Chief Operating Decision Maker ("CODM") of JLL measures and evaluates the segment results based on Adjusted EBITDA for purposes of making decisions about allocating resources and assessing performance. Our CODM is not provided with total asset information by segment and accordingly does not measure or allocate resources based on total assets information. Therefore, we have not disclosed asset information by segment. As of September 30, 2025, we continue to define our Global Executive Board, collectively, as our CODM.Effective January 1, 2026, the Software & Technology Solutions segment will merge into Real Estate Management Services with revenues reported as a subsegment within Real Estate Management Services. There are no changes to the Company’s other segments (Leasing Advisory, Capital Markets Services and Investment Management).

11

Summarized financial information by business segment is as follows.Real Estate Management ServicesThree Months Ended September 30,Nine Months Ended September 30,(in millions)2025202420252024Workplace Management$3,423.6 3,164.6 $10,036.3 9,057.4 Project Management967.9 771.3 2,687.0 2,215.8 Property Management461.1 452.3 1,361.1 1,318.6 Portfolio Services and Other129.8 132.3 361.4 367.8 Revenue$4,982.4 4,520.5 $14,445.8 12,959.6 Less:Platform compensation and benefits$475.2 436.4 $1,372.6 1,253.4 Platform operating, administrative and other148.4 159.5 435.1 434.9 Gross contract costs4,255.5 3,829.9 12,