Jones Lang LaSalle Incorporated · JLL · FY2026 Q3 · Calendar Q4 2026
JLL reports record Q3, raises outlook and announces $500 million ASR
JLL’s record Q3, upgraded outlook, resilient capital-markets pipeline, and early AI-related efficiency gains support the company’s stated growth trajectory. The evidence is constructive, but higher rates, APAC contract changes, and pipeline conversion remain important risks.
Earnings scorecard
Reported versus consensusMarket reaction
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Transcript intelligence
What changed
The current quarter added record Q3 results, a high-teens full-year revenue-growth outlook, a $25.20-$26.30 adjusted EPS target, expanded AI-platform commentary, and an imminent $500 million accelerated share repurchase.
Guidance delta
Management raised full-year revenue-growth guidance to the high-teens and raised its adjusted EPS target to $25.20-$26.30.
Key takeaways
- Management described record Q3 performance with double-digit revenue and earnings growth.
- Advisory growth accelerated to 22%, while adjusted EBITDA rose 33% and adjusted EPS rose 52%.
- AI and platform initiatives are contributing to efficiency and margin gains.
- Capital markets activity and the pipeline remained resilient despite higher bond yields.
- The company announced an imminent $500 million accelerated share repurchase.
Management priorities
- Execute the Accelerate 2030 strategy through client deepening and platform scaling.
- Expand Ask JLL and invoice automation across the firm.
- Drive margin expansion through platform leverage and cross-selling.
- Continue share repurchases and evaluate selective M&A opportunities.
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Try FN2 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.…
Real Estate peers this season
Latest reports in the same sector| Company | Quarter | EPS surprise | Market move | Headline |
|---|---|---|---|---|
| AMT American Tower Corporation | FY2026 Q3 · Calendar Q4 2026 | 0.0% | -2.4% | American Tower raises outlook as CoreSite and tower demand remain resilient |
| ARE Alexandria Real Estate Equities, Inc. | FY2026 Q3 · Calendar Q4 2026 | -13401.8% | -5.9% | ARE leasing strengthened, but 2027 expirations remain a risk |
| CSGP CoStar Group, Inc. | FY2026 Q3 · Calendar Q4 2026 | +12.8% | -5.0% | CoStar posts record Q3 and raises EBITDA outlook |
Latest beats and misses
Who reports nextBeat on EPS
- HLTFY2026 Q3 · October 27, 2026+3.4% EPS-2.1% move
- SPGIFY2026 Q3 · October 27, 2026+3.4% EPS-0.4% move
- PYPLFY2026 Q3 · October 27, 2026+10.7% EPS+2.0% move
- CMSAFY2026 Q3 · October 27, 2026+6.7% EPS0.0% move
- ITWFY2026 Q3 · October 27, 2026+2.4% EPS-0.1% move
- IQVFY2026 Q3 · October 27, 2026+2.5% EPS-0.7% move
Missed on EPS
- WMFY2026 Q3 · October 27, 2026-1.4% EPS-3.2% move
- ARCCFY2026 Q3 · October 27, 2026-3.4% EPS-0.5% move
- WSOFY2026 Q3 · October 27, 2026-8.0% EPS-1.4% move
- IVZFY2026 Q3 · October 27, 2026-2.7% EPS-0.4% move
- SHWFY2026 Q3 · October 27, 2026-1.6% EPS-2.7% move
- BAFY2026 Q3 · October 27, 2026-33.4% EPS-10.7% move
Get the JLL recap when the next report posts
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Sources
- Earnings call transcript and parsed analysis · 2026-10-28T16:04:40.750353+00:00
- FN2 earnings calendar · 2026-10-28T01:23:13.546025+00:00
- Polygon adjusted daily market bars · 2026-10-28T17:40:42.334753+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-10-28T17:40:42.331577+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.
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 2026-10-28. For educational purposes only; not investment advice.