Company: JLL
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001037976-25-000045
Chunk: 41

Company: JONES LANG LASALLE INC
Filing Date: 2025-08-06
Form: 10-Q
Item: Item 1
Chunk 41
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.3 $516.5 433.4 

(1) This adjustment excludes the noncontrolling interest portion which is not attributable to common shareholders.

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In discussing our operating results, we report percentage changes in local currency, unless otherwise noted. Amounts presented on a local currency basis are calculated by translating the current period results of our foreign operations to U.S. dollars using the foreign currency exchange rates from the comparative period. We believe this methodology provides a framework for assessing performance and operations excluding the effect of foreign currency fluctuations. 

The following table reflects the reconciliation to local currency amounts for consolidated (i) Revenue, (ii) Operating income and (iii) Adjusted EBITDA.

Three Months Ended June 30,Six Months Ended June 30,($ in millions)2025% Change2025% ChangeRevenue:At current period exchange rates$6,250.1 11 %$11,996.5 12 %Impact of change in exchange rates(39.2)n/a21.2 n/aAt comparative period exchange rates$6,210.9 10 %$12,017.7 12 %Operating income:At current period exchange rates$197.4 30 %$317.4 19 %Impact of change in exchange rates(2.0)n/a(3.3)n/aAt comparative period exchange rates$195.4 28 %$314.1 18 %Adjusted EBITDA:At current period exchange rates$291.7 18 %$516.5 19 %Impact of change in exchange rates(2.4)n/a(2.9)n/aAt comparative period exchange rates$289.3 17 %$513.6 19 %

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Revenue

For the second quarter, revenue increased 10% compared with the prior-year quarter. Resilient revenues were collectively up 11%, highlighted by Project Management, up 22%, and Workplace Management, up 10%, both within Real Estate Management Services. The collective 7% increase in Transactional revenue was led by Investment Sales, Debt/Equity Advisory and Other, within Capital Markets Services, up 14% (excluding the impact of non-cash MSR and mortgage banking derivative activity).

On a year-to-date basis, revenue increased 12%. Resilient revenues grew 12% collectively, highlighted by Workplace Management, up 13%, and Project Management, up 19%. Transactional revenues increased