Double-digit revenue growth and cost discipline throughout 2024 drove strong earnings per share expansion
News release
19 February 2025
JLL Reports Financial Results for Fourth-Quarter and Full-Year 2024
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CHICAGO, Feb. 19, 2025 - Jones Lang LaSalle Incorporated (NYSE: JLL) today reported 2024 operating performance for the fourth quarter and full year. Transactional4 revenue growth again surpassed 20% and complemented Resilient4 business line revenues which delivered the fifth consecutive quarter of double-digit growth. For the fourth quarter, diluted earnings per share were $4.97, up $1.40 from the prior-year quarter; adjusted diluted earnings per share1 were $6.15, up $0.79. For the full year, diluted earnings per share were $11.30, up $6.63 from 2023, and adjusted diluted earnings per share1 were $14.01, up $3.62.
- Fourth-quarter revenue was $6.8 billion, up 16% in local currency1 with Transactional4 revenues up 22% and Resilient4 revenues up 13%
- Capital Markets achieved 32% growth as momentum accelerated, notably in investment sales and debt advisory
- Leasing, within Markets Advisory, increased 14% with broad-based growth across all asset classes
- Work Dynamics delivered its fourth consecutive quarter of double-digit growth, led by Workplace Management and Project Management
- Revenue growth with continued cost discipline drove bottom-line and margin improvement for both the quarter and full year
- JLL generated $785 million of operating cash flows in 2024, an incremental $210 million over the prior year
"JLL delivered strong fourth-quarter and full-year 2024 financial results, led by an acceleration in transactional activity and sustained growth in resilient revenues. Throughout 2024, our focus on operating efficiency helped drive significant margin expansion and free cash flow generation," said Christian Ulbrich, JLL CEO. "Clients continue to look to JLL for innovative real estate management solutions, industry expertise and data-driven insights. With our strong momentum amidst an improving real estate cycle, JLL's talent and differentiated platform position us well to gain market share and drive profitable growth in 2025."
About JLL
For over 200 years, JLL (NYSE: JLL), a leading global commercial real estate and investment management company, has helped clients buy, build, occupy, manage and invest in a variety of commercial, industrial, hotel, residential and retail properties. A Fortune 500® company with annual revenue of $23.4 billion and operations in over 80 countries around the world, our more than 112,000 employees bring the power of a global platform combined with local expertise. Driven by our purpose to shape the future of real estate for a better world, we help our clients, people and communities SEE A BRIGHTER WAYSM. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.