Company: JLL
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0001037976-25-000071
Chunk: 90

Company: JONES LANG LASALLE INC
Filing Date: 2025-11-05
Form: 10-Q
Item: Item 8
Chunk 90
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.6 315.1 14.5 53Depreciation and amortization57.6 65.5 (7.9)(12)(13)Total platform operating expenses1,956.3 1,787.5 168.8 9 9 Gross contract costs4,268.7 3,861.8 406.9 1110Restructuring and acquisition charges11.7 (8.8)20.5 n.m.n.m.Total operating expenses$6,236.7 5,640.5 596.2 11 %10 %Operating income$273.7 228.3 45.4 20 %20 %Equity earnings (losses)$27.4 (0.9)28.3 n.m.n.m.Net non-cash MSR and mortgage banking derivative activity$(0.2)(5.1)4.9 96 %97 %Adjusted EBITDA$347.3 298.1 49.2 17 %16 %(1) Included in Platform compensation and benefits is carried interest expense of $4.3 million and $2.2 million for the three months ended September 30, 2025 and 2024, respectively. Carried interest expense/benefit is associated with Equity earnings/losses on Proptech Investments.

29

 Consolidated Operating Results (continued)

Nine Months Ended September 30,Change in% Change in Local Currency($ in millions)20252024U.S. dollarsReal Estate Management Services$14,445.8 12,959.6 1,486.2 11%11%Leasing Advisory2,004.8 1,854.1 150.7 8 8 Capital Markets Services1,567.7 1,334.0 233.7 18 17 Investment Management317.0 307.3 9.7 3 2 Software and Technology Solutions171.6 167.0 4.6 3 3 Revenue$18,506.9 16,622.0 1,884.9 11 %11 %Platform compensation and benefits(1)$4,288.0 3,916.2 371.8 9 %9 %Platform operating, administrative and other expenses980.4 909.8 70.6