JLL reported Q4 2025 revenue of USD 7.61 billion (+12%) and adjusted EBITDA of USD 589 million (+30%), with adjusted net income of USD 420 million (+41%) and adjusted diluted EPS of USD 8.71 (+42%). Net income attributable to common shareholders was USD 401.7 million (diluted EPS: USD 8.34). For FY 2025, JLL posted revenue of USD 26.12 billion (+11%), adjusted EBITDA of USD 1.45 billion (+22%), adjusted net income of USD 908.1 million (+34%) and adjusted diluted EPS of USD 18.80 (+34%). Free cash flow for FY 2025 was USD 978.5 million, up 63% (USD 379 million) versus FY 2024. By segment in Q4 2025, Real Estate Management Services generated revenue of USD 5.56 billion (+9%) and adjusted EBITDA of USD 162 million (+12%); Leasing Advisory revenue was USD 1.01 billion (+17%) with adjusted EBITDA of USD 226 million (+53%); and Capital Markets Services revenue was USD 854 million (+19%) with adjusted EBITDA of USD 171 million (+39%). Investment Management revenue was USD 133 million (down 18%) with adjusted EBITDA of USD 28 million (down 32%), which JLL attributed to expected lower incentive fees, partially offset by higher transaction fees. Software and Technology Solutions revenue was USD 61 million (+1%) and adjusted EBITDA was USD 1 million. JLL said transactional revenues rose 15% in Q4 2025, while resilient revenues increased 9%, and noted an approximately USD 25 million adverse Q4 impact tied to a U.S. employee healthcare actuarial deficit that was largely offset by cost actions. The company repurchased USD 80 million of shares in Q4 2025 (USD 212 million for FY 2025) and said about USD 800 million remained under its repurchase authorization as of Dec. 31, 2025. JLL also provided a 2026 adjusted EBITDA target range of USD 1.58 billion to USD 1.68 billion and outlined reporting changes including moving Proptech Investments to “All Other” (effective July 1, 2025) and a segment realignment effective Jan. 1, 2026, with Software and Technology Solutions to run as a fifth business line within Real Estate Management Services.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Jones Lang LaSalle Inc. published the original content used to generate this news brief on February 18, 2026, and is solely responsible for the information contained therein.