Jones Lang LaSalle Incorporated (JLL) Stock Price & Analysis
Jones Lang LaSalle Incorporated (JLL) closed at USD 312.55 on Thursday, October 22, 2026, up 2.12% on the day. The US market is currently closed (pre-market); this is not a live price.
The prior close was USD 306.05; the Oct 22, 2026 session ranged USD 302.95–313.82 on volume of 456,605 shares. Market capitalization is $14.38B, with a 52-week range of USD 259.83–393.84 (NYQ). Source: Nexqual, retrieved October 23, 2026 at 09:10 UTC.
Also available as compact Markdown for AI agents: nexqual.com/JLL.md
Key facts (JLL)
- Last four reported quarters (through Jun 30, 2026): revenue $27.4B, net income $998M (3.6% margin) (SEC filings).
- Valuation: P/E 14.4x (avg 27.8x at the last 3 fiscal year-ends), EV/EBITDA 10.3x, net debt $1.18B.
- 5 of 80 tracked superinvestors hold JLL (13F, Q2 2026): 0 new, 2 added, 3 reduced, 0 unchanged.
- Analysts: Buy (mean 2.17 on a 1–5 scale) (12 analysts), mean target USD 406.8 (range 332–447).
- Total return with dividends: 1Y -1.2% vs S&P 500 +14.9%; 5Y +18.8% vs S&P 500 +80.3%.
- Next earnings: 2026-10-28, EPS estimate USD 6.18, revenue estimate $7.26B.
Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (JLL)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $19.4B | $20.9B | $20.8B | $23.4B | $26.1B | $27.4B |
| Operating income | $1.04B | $868M | $577M | $868M | $1.10B | $1.28B |
| Net income | $962M | $655M | $225M | $547M | $792M | $998M |
| EPS (diluted) | $18.47 | $13.27 | $4.67 | $11.30 | $16.40 | — |
| Operating margin | 5.4% | 4.2% | 2.8% | 3.7% | 4.2% | 4.7% |
| Net margin | 5.0% | 3.1% | 1.1% | 2.3% | 3.0% | 3.6% |
| Revenue growth | +16.7% | +7.7% | -0.5% | +12.9% | +11.4% | — |
| Cash + short-term investments | $594M | $519M | $410M | $416M | $599M | — |
| Total debt | $956M | $1.75B | $1.54B | $1.20B | $890M | — |
Fiscal years end Dec. EPS is split-adjusted.
Valuation (price ÷ last four quarters, through Jun 30, 2026) (JLL)
P/E 14.4x · P/S 0.5x · EV/EBITDA 10.3x · EV/Sales 0.6x · P/B 1.9x · Earnings yield 6.94% · Buyback yield (TTM) 3.90% · Net debt $1.18B · EV $15.6B
P/E at fiscal year-ends: Dec 2025 20.5x, Dec 2024 22.4x, Dec 2023 40.5x.
Superinvestors (SEC 13F-HR, Q2 2026) (JLL)
5 of 80 tracked investors hold JLL. Each row is the investor's latest 13F; change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change |
|---|---|---|---|---|
| John Rogers | Ariel Investments | 3.28% | $329M | Added +3.5% |
| Third Avenue Management | 1.59% | $9.9M | Reduced -1.1% | |
| Vulcan Value Partners | 0.91% | $29.8M | Reduced -12.1% | |
| Sarah Ketterer | Causeway Capital Management | 0.83% | $76.9M | Added +33.3% |
| Christopher Davis | Davis Advisors | 0.02% | $3.8M | Reduced -0.8% |
Analysts (JLL)
Consensus Buy (mean 2.17 on a 1–5 scale), 12 analysts; mean target USD 406.8 (low 332, high 447).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-09 | Keefe, Bruyette & Woods | Target lowered | Outperform | $415 → $385 |
| 2026-08-17 | Barclays | Target raised | Equal-Weight | $368 → $401 |
| 2026-08-03 | Keefe, Bruyette & Woods | Target raised | Outperform | $375 → $415 |
| 2026-07-28 | Barclays | Target raised | Equal-Weight | $366 → $368 |
Total return (dividends reinvested) (JLL)
| 1Y (from 2025-10-23) | 5Y (from 2021-10-18) | |
|---|---|---|
| Total return | -1.2% | +18.8% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | -1.2% | +3.5% |
| Volatility (annualized) | 35.6% | 34.4% |
| Max drawdown | -24.8% (Aug 2026→Oct 2026) | -54.2% (Dec 2021→Oct 2023) |
JLL revenue by business segment (quarter ended Jun 30, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| Real Estate Management Services | $5.37B | 77.5% | +8.5% |
| Leasing Advisory | $836.9M | 12.1% | +23.7% |
| Capital Markets Services | $620.2M | 9.0% | +19.2% |
| Investment Management | $102.4M | 1.5% | -0.7% |
| Total revenue | $6.93B | 100% | — |
As tagged by the company in its SEC 10-Q / 10-K filings (XBRL).
JLL company outlook (results filed Jul 30, 2026)
- “Project Management revenue growth followed a strong increase in the prior-year quarter (up 22%) and reflected a low double-digit management fee increase in the Americas, augmented by higher pass-through costs due to contract mix, which outpaced slower growth in certain other geographies.”
Quoted word-for-word from the SEC 8-K results press release.
JLL analyst estimates and revisions
| Period | EPS estimate | 90 days ago | Change | Revenue estimate | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends Sep 2026) | $6.18 | $5.49 | +12.6% | $7.26B | 12 |
| Next quarter (ends Dec 2026) | $10.22 | $9.53 | +7.2% | $8.46B | 11 |
| Current fiscal year (ends Dec 2026) | $24.90 | $23.01 | +8.2% | $29.03B | 12 |
| Next fiscal year (ends Dec 2027) | $28.03 | $26.46 | +5.9% | $31.30B | 12 |
JLL options: expected move
Options price a move of about ±9.8% (±$30.75) by Nov 20, 2026, which includes earnings on Oct 28, 2026. Over the last 8 reports the stock moved ±4.3% on average.
| Expiration | Days | ATM implied volatility | Expected move |
|---|---|---|---|
| Nov 20, 2026 | 28 | 43.7% | ±9.8% |
| Dec 18, 2026 | 56 | 37.0% | ±11.6% |
| Mar 19, 2027 | 147 | 33.9% | ±17.2% |
| May 21, 2027 | 210 | 33.7% | ±20.5% |
| Jun 17, 2027 | 237 | 33.4% | ±21.5% |
30-day implied volatility 41.2% vs 26.9% realized over the last 30 trading days. Put/call ratio (volume) 0.67. Cboe delayed quotes (15 min). Expected move = at-the-money straddle.
Key Statistics (as of October 23, 2026 at 09:10 UTC)
| Price | USD 312.55 |
|---|---|
| Change | ▲ 2.12% (up) |
| Previous Close | USD 306.05 |
| Open | USD 303.23 |
| Day Range | USD 302.95 – 313.82 |
| 52-Week Range | USD 259.83 – 393.84 |
| Volume | 456,605 shares |
| Market Cap | $14.38B |
| Exchange | NYQ |
Technical Analysis (JLL)
Nexqual's technical model rates JLL "SELL" based on 2 bullish and 4 bearish signals across 127 daily candles, as of October 23, 2026 at 09:10 UTC.
| Overall Signal | SELL |
|---|---|
| RSI (14) | 45.35 (neutral) |
| vs SMA50 | Below (USD 337.73) |
| MACD | -7.4 (negative) |
Analyst Ratings (JLL)
Wall Street analysts rate JLL "Buy" based on 12 analysts, with a mean price target of USD 406.8 (range USD 332–447), per Nexqual as of October 23, 2026 at 09:10 UTC.
| Consensus Rating | Buy |
|---|---|
| Analyst Count | 12 |
| Mean Target | USD 406.8 |
| High Target | USD 447 |
| Low Target | USD 332 |
| Buy / Hold / Sell | 8 / 4 / 0 |
Earnings (JLL)
| Next Earnings Date | 2026-10-28 |
|---|---|
| EPS Estimate | USD 6.18 |
| Revenue Estimate | $7.26B |
Recent Earnings History
| Quarter | Actual vs Estimate |
|---|---|
| 2026-06-30 | USD 5.26 vs est 4.55 ▲ beat |
| 2026-03-31 | USD 3.43 vs est 3.01 ▲ beat |
| 2025-12-31 | USD 8.71 vs est 7.36 ▲ beat |
| 2025-09-30 | USD 4.5 vs est 4.27 ▲ beat |
Source: Nexqual, October 23, 2026 at 09:10 UTC.
Financials & Fundamentals (JLL)
| Total Revenue | $27.43B |
|---|---|
| Revenue Growth (latest quarter, YoY) | +10.80% |
| Gross Margin | +51.23% |
| Operating Margin | +4.57% |
| Profit Margin | +3.64% |
| ROE | +13.52% |
| Debt / Equity | 0.42 |
| Current Ratio | 1.13 |
| Total Cash | $458.20M |
| Total Debt | $3.22B |
Source: Nexqual, October 23, 2026 at 09:10 UTC.
Financial Health Score (JLL)
Nexqual rates Jones Lang LaSalle Incorporated's overall financial health "Solid" across five dimensions, as of October 23, 2026 at 09:10 UTC.
| Growth | Solid — Revenue +11% YoY (annual) |
|---|---|
| Profitability | Solid — Gross margin 51%, operating 5% (last 12 months) |
| Balance Sheet | Solid — $458M cash and investments vs $1.64B debt (Jun 2026, SEC) |
| Cash Flow | Solid — Operating cash flow $1.19B (FY ended Dec 2025, 10-K) |
| Efficiency | Mixed — ROE 14%, ROA 4.8% |
Ownership (JLL)
| Insider Ownership | +0.94% |
|---|---|
| Institutional Ownership | +96.27% |
| Shares Outstanding | 46.01M |
| Float | 45.38M |
| Short % of Float | +2.45% |
Source: Nexqual, October 23, 2026 at 09:10 UTC.
Leadership (JLL)
Jones Lang LaSalle Incorporated is led by Christian Ulbrich, Chairman of Global Executive Board, President, Global CEO & Director, per Nexqual as of October 23, 2026 at 09:10 UTC.
| Chairman of Global Executive Board, President, Global CEO & Director | Christian Ulbrich |
|---|---|
| CFO & Member of Global Executive Board | Kelly Howe |
| COO & Member of the Global Executive Board | Paul Morgan |
Major Backers & Investors (JLL)
Notable institutional backers of Jones Lang LaSalle Incorporated include FMR, LLC, Edgepoint Investment Group Inc., Morgan Stanley, according to Nexqual as of October 23, 2026 at 09:10 UTC.
Active Investors
| Investor | Stake |
|---|---|
| FMR, LLC | 6.8% |
| Edgepoint Investment Group Inc. | 3.99% |
| Morgan Stanley | 3.22% |
| Ariel Investments, LLC | 2.31% |
| Fidelity | 1.98% |
Index Funds (Passive)
| Fund | Stake |
|---|---|
| Vanguard Group | 14.04% |
| BlackRock | 10.18% |
| State Street | 3.24% |
| Geode Capital | 2.18% |
| Dimensional Fund Advisors | 1.99% |
Source: Nexqual, October 23, 2026 at 09:10 UTC.
From Jones Lang LaSalle Incorporated's Latest SEC 10-K Filing (filed 2026-02-19)
Key Strengths & Strategy (as disclosed to the SEC)
- Over 100,000 employees annually have been able to learn, in seven different languages, through a variety of modality offerings including Instructor Led, Virtual Instructor Led and on-demand offerings about topics such as, but not limited to leadership, AI, sustainability, career development and the future of work.
- Powered by rich global datasets and leading technology capabilities, we provide coordinated, end-to-end delivery of real estate services for a broad range of global clients who represent a wide variety of industries.
- In response, JLL has invested in developing sustainability services powered by a suite of technology solutions, creating an end-to-end approach that enables clients to achieve their goals.
- Leading the Way is an end-to-end platform that helps our employees grow their leadership skills from frontline to executive.
Partnerships
- Investment Management is compensated for investment management services for private equity investments based on capital committed, capital deployed and managed (advisory fees), with additional fees tied to investment performance above specific hurdles (incentive fees).
Legal & Regulatory Risks (Item 1A, quoted)
- We face a broad range of legal and regulatory environments in the countries in which we do business and identifying and complying with these regulations is complex. We may not be successful in complying with regulations in all situations and could, therefore, be subject to regulatory actions and fines for non-compliance.
- Changes in legal and regulatory requirements can impact our ability to engage in business in certain jurisdictions or increase the cost of doing so.
- We may face liability with respect to environmental issues occurring at properties we manage or occupy, or in which we invest.
- We produce positive cash flows in various countries and currencies that can be most effectively used to fund operations in other countries or to repay our indebtedness, which is currently primarily denominated in U.S. dollars and euros.
Source: SEC EDGAR 10-K, official filing. Curated by Nexqual.
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Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 23, 2026 at 09:10 UTC. This page is informational and not investment advice.
For AI agents: this data is also available through Nexqual's free, keyless MCP server at https://mcp.nexqual.com/mcp; every result includes source_url, as_of and cite_as. More: nexqual.com/agents · llms.txt