DailyIQ

JLL Earnings

Company • Q3 2026 earnings report

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Report date
-
Timing
-
Period
2026Q3
EPS EstimateEPS ActualRevenue EstimateRevenue Actual
- Not available yet - Not available yet
Actuals update automatically shortly after the company reports.
JLL|EarningsJLL

JLL Financials

Full financials →
71/ 100
Bullish
Verdict: Bullish
Revenue growing year over year
Operating Margin
4.2%
Net Margin
3%
FCF Margin
3.7%
Revenue CAGR
14.3%
Current Ratio
1.11x
Debt / Equity
0.12x
Return on Equity
10.6%
Return on Assets
4.4%

Financial Statements

Line Item
Q4 '25
Q3 '25
Q2 '25
Q1 '25
Q4 '24
Q3 '24
Q2 '24
Q1 '24
Q4 '23
Q3 '23
Q2 '23
Q1 '23
Income Statement
Revenue
$7.61B 11.7%
$6.51B 10.9%
$6.25B 11.0%
$5.75B 12.1%
$6.81B 15.8%
$5.87B 14.8%
$5.63B 11.4%
$5.12B 8.7%
$5.88B
$5.11B
$5.05B
$4.72B
Operating Income
$506.90M 35.8%
$273.70M 19.9%
$197.40M 29.5%
$120.00M 5.1%
$373.20M 28.5%
$228.30M 91.7%
$152.40M 2.1%
$114.20M 541.6%
$290.40M
$119.10M
$149.20M
$17.80M
Pretax Income
$498.00M 65.7%
$275.00M 43.1%
$137.20M 30.7%
$71.50M 12.3%
$300.60M 62.4%
$192.20M 160.4%
$105.00M 2525.0%
$81.50M 840.9%
$185.10M
$73.80M
$4.00M
-$11.00M
Net Income
$222.40M 43.4%
$110.50M 30.9%
$57.50M 13.0%
$155.10M 159.8%
$84.40M 3276.0%
$66.10M 818.5%
$59.70M
$2.50M
-$9.20M
EPS (Basic)
$8.49 66.8%
$4.71 44.5%
$2.36 33.3%
$1.17 15.8%
$5.09 40.6%
$3.26 160.8%
$1.77 3440.0%
$1.39 831.6%
$3.62
$1.25
$0.05
$-0.19
EPS (Diluted)
$8.33 67.3%
$4.61 44.1%
$2.32 32.6%
$1.14 16.8%
$4.98 39.1%
$3.20 160.2%
$1.75 3400.0%
$1.37 821.1%
$3.58
$1.23
$0.05
$-0.19
Weighted Avg Shares (Basic)
-94.94M 0.1%
47.34M 0.3%
47.48M 0.1%
47.47M 0.0%
-95.04M 0.3%
47.51M 0.3%
47.54M 0.4%
47.48M 0.1%
-95.34M
47.66M
47.75M
47.55M
Weighted Avg Shares (Diluted)
-96.75M 0.0%
48.35M 0.3%
48.33M 0.0%
48.38M 0.2%
-96.72M
48.50M
48.32M
48.28M
Cash Flow
Operating Cash Flow
$1.01B 9.1%
$617.10M 135.9%
$332.80M 21.5%
-$767.60M 13.3%
$927.30M 27.1%
$261.60M 19.7%
$273.90M 15.6%
-$677.50M 5.4%
$729.40M
$325.70M
$237.00M
-$716.30M
Investing Cash Flow
-$85.00M 13.1%
-$51.20M 21.1%
-$47.60M 52.3%
-$152.80M 181.4%
-$97.80M 39.7%
-$64.90M 8.7%
-$99.80M 15.1%
-$54.30M 26.6%
-$70.00M
-$59.70M
-$86.70M
-$74.00M
Financing Cash Flow
-$716.00M 10.5%
-$544.70M 150.3%
-$283.20M 107.0%
$900.70M 28.0%
-$800.20M 32.2%
-$217.60M 20.2%
-$136.80M 49.6%
$703.40M 9.3%
-$605.50M
-$272.70M
-$271.40M
$775.30M
Free Cash Flow
$934.60M 7.7%
$567.60M 161.9%
$288.40M 22.4%
-$812.10M 12.7%
$868.10M 27.6%
$216.70M 21.5%
$235.70M 19.0%
-$720.70M 5.9%
$680.20M
$276.20M
$198.10M
-$765.60M
Balance Sheet
Total Assets
$17.80B 6.2%
$17.18B 3.6%
$17.34B 9.0%
$16.63B 7.4%
$16.76B 4.4%
$17.82B 15.1%
$15.91B 0.5%
$15.48B 2.3%
$16.06B
$15.48B
$15.83B
$15.85B
Total Liabilities
$10.18B 3.1%
$9.88B 10.6%
$10.18B 8.2%
$9.67B 6.5%
$9.87B 2.2%
$11.05B 18.7%
$9.41B 2.3%
$9.07B 6.3%
$9.65B
$9.31B
$9.63B
$9.69B
Total Equity
$7.50B 10.8%
$7.18B 7.9%
$7.04B 10.4%
$6.84B 8.7%
$6.77B 7.6%
$6.65B 10.0%
$6.38B 5.2%
$6.29B 4.3%
$6.29B
$6.04B
$6.06B
$6.03B
Shares Outstanding
46.95M 1.0%
47.19M 0.6%
47.38M 0.2%
47.51M 0.0%
47.42M 0.2%
47.47M 0.3%
47.50M 0.5%
47.50M 0.2%
47.51M
47.61M
47.72M
47.61M

Recent News Coverage

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What Typically Drives Post-Earnings Stock Moves

EarningsReleasedTime →Stock PriceBeatMissPre-earnings drift

Stock prices after earnings announcements are driven by expectations vs. reality. If the market expected a company to report $3.00 EPS and it reports $3.10, the stock may rally - but if expectations were $3.20, the same $3.10 result could trigger a selloff. This is why understanding consensus estimates (the average of all analyst predictions) is crucial. Stocks don't move on absolute performance; they move on performance relative to what was already priced in.

Beyond the headline numbers, investors focus heavily on forward guidance. Guidance is management's prediction for the next quarter or full year. A company that beats current earnings but lowers future guidance will often see its stock fall, because the market values future cash flows more than past results. Conversely, a miss with raised guidance can rally the stock. This is why experienced investors listen to earnings calls and read guidance statements - not just the press release headlines.

Profit margins are another critical driver. If a company grows revenue but margins shrink, it suggests pricing pressure or rising costs. Investors prefer expanding margins, which indicate pricing power and operational efficiency. For example, a company reporting 20% revenue growth with flat margins is less impressive than 10% growth with expanding margins. The latter signals a sustainable, high-quality business model.

Finally, market positioning and sector trends matter. During a bull market, stocks often rise on mediocre earnings because investor sentiment is positive. During bear markets, even strong earnings may not prevent selloffs. Additionally, if peers in the same industry are reporting weak results, a company's strong report might be viewed as an outlier rather than a trend. Always consider the broader market context and sector health when interpreting earnings reactions.

How to Interpret This Earnings Report

Earnings reports are the financial scorecards that companies release every quarter. They contain two critical metrics: Earnings Per Share (EPS) and Revenue. EPS represents the company's profit divided by the number of outstanding shares - essentially, how much money the company made for each share of stock. Revenue is the total money the company brought in before expenses. Both metrics are compared against analyst estimates to determine if the company "beat" or "missed" expectations.

When you see "EPS Estimate" vs. "EPS Actual," you're comparing what Wall Street analysts predicted versus what the company actually delivered. A company that reports EPS of $2.50 when estimates were $2.30 has beaten earnings by $0.20 per share. This often triggers a positive stock reaction, but not always. The market cares equally about revenue growth, future guidance, and profit margins. A company can beat EPS estimates while missing revenue targets, which suggests they cut costs rather than grew sales - a less sustainable path.

Understanding year-over-year (YoY) vs. quarter-over-quarter (QoQ) comparisons is critical. YoY compares this quarter to the same quarter last year, accounting for seasonal business patterns. QoQ compares consecutive quarters and reveals short-term momentum. For example, a retailer's Q4 (holiday season) will always be stronger than Q1 - so comparing Q4 to Q1 is misleading. Always focus on YoY growth for long-term trends and QoQ for recent acceleration or deceleration.

Finally, remember that initial market reactions can be misleading. Stocks sometimes fall on earnings beats because investors were expecting an even larger beat, or because forward guidance disappointed. Conversely, stocks can rise on earnings misses if the company provided optimistic future projections or if the miss was smaller than feared. The key is to focus on fundamentals: Is revenue growing? Are profit margins expanding? Is the company gaining or losing market share? These factors matter far more than a single quarter's results.