Analyst Consensus ?
ConsensusBuy12 ratings
Bullish758.3%
Neutral325.0%
Bearish216.7%
Jones Lang LaSalle Incorporated · JLL · FY2025 Q4 · Calendar Q1 2026
JLL extends growth streak as leasing and capital markets strengthen
JLL’s reported growth streak and strength in leasing and capital markets support a constructive operating picture. Whether that momentum persists depends on transaction comps, contract turnover and margin execution.
Reported Before market openNYSEReal Estate
$16.43B market cap
100quality score
Earnings scorecard
Reported versus consensus
Reported EPS
$8.71
Consensus $7.25
EPS surprise
+20.1%
Reported versus consensus
Reported revenue
$7.61B
Consensus $7.44B
Revenue surprise
+2.2%
Reported versus consensus
Market reaction
prior-close to event-session close
Stock move
+9.6%
Event window
SPY move
+0.5%
Same window
Abnormal move
+9.1%
Stock minus SPY
Volume
1.5×
Versus trailing sessions
Subsequent drift
-3.3%
Up to 20 sessions
JLLSPY benchmark
Ask FN2 about JLL FY2025 Q4
Transcript, numbers and history already loaded
Why did JLL rise 9.6% after beating EPS estimates in FY2025 Q4?What changed in JLL's guidance and outlook in FY2025 Q4?Give me the bull and bear case for JLL after FY2025 Q4 earnings.
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Transcript intelligence
What changed
The current-quarter analysis describes a seventh consecutive quarter of double-digit revenue growth and ninth of double-digit EPS growth, with leasing and capital markets contributing. Compared with the prior quarter, management’s tone remains confident, while the current analysis records maintained guidance rather than the prior quarter’s guidance raise.
Guidance delta
The current-quarter analysis classifies guidance sentiment as maintained. The prior-quarter analysis recorded a raise at the low end of FY2025 adjusted EBITDA guidance; no further current-period numerical revision is provided in the supplied analysis.
Key takeaways
- EPS and revenue both exceeded the supplied consensus estimates.
- Full-year revenue grew 11%, and adjusted EBITDA reached the top of its target range, according to the transcript analysis.
- Leasing revenue rose 17% quarter over quarter, with strength in the U.S., India and the U.K.
- Management presented AI and proprietary data as sources of productivity and competitive differentiation.
Management priorities
- Pursue organic growth, productivity improvements and margin expansion.
- Continue investment in AI and data platforms, including JLL Spark.
- Expand the Middle East presence through the planned Saudi Arabia joint venture.
- Increase share repurchases in 2026, as described in the supplied analysis.
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Estimate
Beat
Miss
Match
Analyst 52W Price Targets
$359.79Current
$217Low
$353.58Average
$500High
Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Nov 2, 2026. Not an FN2 forecast.
Firm-level rating actions
FMP grade actions identify the grading firm, not a named analyst.
| Firm | Rating | Prior rating | Action | Date |
|---|---|---|---|---|
| Keefe, Bruyette & Woods | Outperform | Outperform | Maintain | Oct 9, 2026 |
| Barclays | Equal Weight | Equal Weight | Maintain | Aug 17, 2026 |
| UBS | Buy | Buy | Maintain | Apr 22, 2026 |
| Goldman Sachs | Buy | Buy | Maintain | Nov 26, 2025 |
| JP Morgan | Overweight | Overweight | Maintain | Aug 26, 2025 |
| Citigroup | Neutral | Neutral | Maintain | May 28, 2025 |
| Raymond James | Strong Buy | Strong Buy | Maintain | Jan 24, 2025 |
| Wolfe Research | Outperform | Peer Perform | Upgrade | Nov 25, 2024 |
| Keefe Bruyette & Woods | Outperform | Market Perform | Upgrade | Apr 17, 2019 |
| Bank of America | Underperform | Buy | Downgrade | Jan 3, 2019 |
| B of A Securities | Underperform | Buy | Downgrade | Jan 3, 2019 |
| JMP Securities | Market Perform | Market Outperform | Downgrade | Jan 24, 2018 |
Named analyst price targets
Upside is calculated against the persisted current price $359.79. FMP does not supply a rating on these named-analyst rows.
| Firm | Analyst | 52W target | Price when posted | Upside | Date |
|---|---|---|---|---|---|
| Barclays | Brendan Lynch | $401 | $375 | +11.5% | Aug 17, 2026 |
| Raymond James | Patrick O\'Shaughnessy | $500 | $361.95 | +39.0% | Jul 30, 2026 |
| Barclays | Brendan Lynch | $368 | $333.15 | +2.3% | Jul 28, 2026 |
| Barclays | Analyst unavailable | $366 | $315.78 | +1.7% | May 13, 2026 |
| Barclays | Brendan Lynch | $348 | $324.54 | -3.3% | Apr 14, 2026 |
| UBS | Analyst unavailable | $425 | $305.62 | +18.1% | Feb 23, 2026 |
| UBS | Analyst unavailable | $410 | $357.81 | +14.0% | Jan 28, 2026 |
| Barclays | Analyst unavailable | $360 | $346.47 | +0.1% | Jan 13, 2026 |
| CBRE | Analyst unavailable | $351 | $323.85 | -2.4% | Dec 2, 2025 |
| Goldman Sachs | Analyst unavailable | $407 | $330.72 | +13.1% | Nov 26, 2025 |
| UBS | Alex Kramm | $360 | $287.91 | +0.1% | Oct 10, 2025 |
| Griffin | Michael Griffin | $300 | $278.15 | -16.6% | Dec 3, 2024 |
| Wolfe Research | Andrew Rosivach | $353 | $263.27 | -1.9% | Nov 25, 2024 |
| Raymond James | Patrick O'Shaughnessy | $268 | $244.37 | -25.5% | Jul 25, 2024 |
| Raymond James | Patrick O'Shaughnessy | $246 | $189.14 | -31.6% | Apr 3, 2024 |
| Raymond James | Analyst unavailable | $295 | $221.83 | -18.0% | Apr 26, 2022 |
| Goldman Sachs | Chandni Luthra | $217 | $220.84 | -39.7% | Apr 7, 2022 |
| Wolfe Research | Andrew Rosivach | $335 | $223.24 | -6.9% | Mar 14, 2022 |
Track every rating change on JLL the moment it posts. Free to start.
Start freeCompany context
Snapshot as of publicationJones Lang LaSalle Incorporated (JLL) operates as a leading global professional services firm, specializing in comprehensive real estate and investment management solutions. Its extensive reach spans the Americas, Europe, the Middle East, Africa, and the Asia Pacific regions. JLL's real estate offerings are broad, encompassing services such as tenant and landlord representation. It also provides a robust suite of capital markets solutions, including financing advisory (debt and equity), loan servicing, strategic merger and acquisition guidance, and investment sales support. The company manages diverse property types on-site, including office, industrial, retail, and multifamily residential assets, while also delivering integrated facilities management. Furthermore, JLL offers project management and consulting services—covering design, construction, and strategic advice—for tenants of leased spaces, owner-occupiers, and real estate investors.…
Historical context
All JLL earningsReal Estate peers this season
Latest reports in the same sector| Company | Quarter | EPS surprise | Market move | Headline |
|---|---|---|---|---|
| GLPI Gaming and Leisure Properties, Inc. | FY2026 Q3 · Calendar Q4 2026 | -11.5% | -1.3% | GLPI Keeps Guidance, Advances Development Despite Bally’s Risks |
| FRT Federal Realty Investment Trust | FY2026 Q3 · Calendar Q4 2026 | +3.9% | -1.1% | Federal Realty raises 2026 FFO outlook as leasing stays strong |
| WY Weyerhaeuser Company | FY2026 Q3 · Calendar Q4 2026 | +128.3% | +3.0% | Weyerhaeuser: Timberlands Strengthen as Growth Projects Advance |
| DLR-PL Digital Realty Trust, Inc. | FY2026 Q3 · Calendar Q4 2026 | -8.4% | — | Digital Realty raises guidance as AI demand lifts leasing and backlog |
| DLR-PK Digital Realty Trust, Inc. | FY2026 Q3 · Calendar Q4 2026 | -8.4% | — | Digital Realty Q3: Record Leasing and Higher FFO Guidance |
Latest beats and misses
Who reports nextBeat on EPS
- CHDFY2026 Q3 · October 30, 2026+2.2% EPS+1.2% move
- AZNFY2026 Q3 · October 30, 2026+7.3% EPS+7.0% move
- FRTFY2026 Q3 · October 30, 2026+3.9% EPS-1.1% move
- CVXFY2026 Q3 · October 30, 2026+8.4% EPS+1.8% move
- BTSGFY2026 Q3 · October 30, 2026+14.2% EPS+11.1% move
- EXCFY2026 Q3 · October 30, 2026+10.4% EPS+0.5% move
Missed on EPS
- GLPIFY2026 Q3 · October 29, 2026-11.5% EPS-1.3% move
- LYBFY2026 Q3 · October 30, 2026-1.2% EPS+5.0% move
- CCJFY2026 Q3 · October 30, 2026-101.4% EPS-7.9% move
- VALEFY2026 Q3 · October 29, 2026-24.6% EPS+1.9% move
- DLR-PLFY2026 Q3 · October 29, 2026-8.4% EPS— move
- DLR-PKFY2026 Q3 · October 29, 2026-8.4% EPS— move
Get the JLL recap when the next report posts
One email per quarter with the scorecard, the market reaction and what changed on the call. No account needed.
Sources
- Earnings call transcript and parsed analysis · 2026-05-11T10:29:34.698584+00:00
- FN2 earnings calendar · 2026-07-26T00:37:12.209961+00:00
- Polygon adjusted daily market bars · 2026-11-02T02:40:51.915352+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-11-02T02:40:51.912496+00:00
Methodology
Reported and consensus figures come from FN2's earnings event records. Market reaction and volume are calculated from daily adjusted bars around the event; abnormal move subtracts the SPY move over the same window.
Analyst target low, average, and high values are derived at request time from each named analyst's latest persisted FMP target. The current-price marker comes from FN2's persisted market snapshot. They are sell-side estimates, not an FN2 valuation or recommendation.
Transcript intelligence is a structured synthesis of the current and prior earnings-call analyses. Missing values stay missing and are never estimated.
By FN2 Research · Updated · As of 2026-11-02. For educational purposes only; not investment advice.