Analyst Consensus ?
ConsensusBuy12 ratings
Bullish758.3%
Neutral325.0%
Bearish216.7%
Jones Lang LaSalle Incorporated · JLL · FY2026 Q1 · Calendar Q2 2026
JLL reports record Q1 as advisory demand and AI support growth
The supplied analysis supports a constructive operating read: resilient advisory and capital-markets demand, AI-enabled productivity and continued investment underpin growth, while macro, geopolitical and contract-transition risks remain material.
Reported Before market openNYSEReal Estate
$16.43B market cap
100quality score
Earnings scorecard
Reported versus consensus
Reported EPS
$3.43
Consensus $3.01
EPS surprise
+14.0%
Reported versus consensus
Reported revenue
$6.39B
Consensus $6.00B
Revenue surprise
+6.5%
Reported versus consensus
Market reaction
prior-close to event-session close
Stock move
-6.1%
Event window
SPY move
+1.0%
Same window
Abnormal move
-7.1%
Stock minus SPY
Volume
2.2×
Versus trailing sessions
Subsequent drift
-11.3%
Up to 20 sessions
JLLSPY benchmark
Ask FN2 about JLL FY2026 Q1
Transcript, numbers and history already loaded
Why did JLL fall 6.1% after beating EPS estimates in FY2026 Q1?What changed in JLL's guidance and outlook in FY2026 Q1?Give me the bull and bear case for JLL after FY2026 Q1 earnings.
Free account. Your question opens in FN2 with this report's transcript and numbers attached.
Transcript intelligence
What changed
The current analysis describes record Q1 results, stronger adjusted EBITDA and EPS growth, $300 million of quarterly repurchases, 75% AI adoption across core enablement products and continued progress on the Accelerate 2030 strategy. Compared with the prior analysis, the focus shifted from broad double-digit growth and leasing momentum to quantified AI adoption, fund investment, decarbonization and Asia Pacific contract repositioning.
Guidance delta
Management maintained its outlook, including full-year EPS guidance of $21.80-$23.50 and a target of high-single-digit revenue growth.
Key takeaways
- The supplied analysis describes record Q1 revenue and earnings, with adjusted EBITDA up 24% and EPS up 56%.
- Advisory activity in office, industrial and data-center leasing, together with capital markets, led the strongest growth.
- Management highlighted 75% AI adoption across core enablement products and 25,000 employees using enterprise AI daily.
- JLL repurchased $300 million of stock in the quarter, while continuing investment in LaSalle funds and decarbonization initiatives.
Management priorities
- Execute the Accelerate 2030 strategy across business lines.
- Scale the LaSalle Encore+ Fund and other LaSalle investment products.
- Expand AI adoption and enterprise AI applications.
- Continue decarbonization projects and reposition remaining Asia Pacific property-management contracts.
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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 1, 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 · 2026-11-01T04:10:43.016504+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-11-01T04:10:43.013645+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 2026-11-01. For educational purposes only; not investment advice.