Jones Lang LaSalle Incorporated cash flow statement JLL

Annual Quarterly

In fiscal 2025, which ended Dec 31, 2025, Jones Lang LaSalle Incorporated generated $1.2 billion of cash from operations, up 52.1% from the year before. The company returned $211.5 million in share buybacks to shareholders.

USD in millions, except per-share amounts and ratios. The percent under a figure is the change from the year before.

Line	FY 2026 Sep 30, 2026	FY 2025 Dec 31, 2025	FY 2024 Dec 31, 2024	FY 2023 Dec 31, 2023	FY 2022 Dec 31, 2022	FY 2021 Dec 31, 2021	FY 2020 Dec 31, 2020	FY 2019 Dec 31, 2019	FY 2014 Dec 31, 2014	FY 2013 Dec 31, 2013	FY 2012 Dec 31, 2012
Operating
Depreciation and amortization	228 -13.8%	253 -1.2%	256 +7.3%	238 +4.5%	228 +4.9%	218 -3.9%	226 +11.9%	202	94 +18.1%	80 +1.3%	79 -4.9%
Stock-based compensation	1 -67.9%	3 +17.4%	2 -32.4%	3 -44.3%	6 -65.7%	18 -51.5%	37 +31.1%	28	—	—	—
Operating cash flow	1,355 +22.1%	1,194 +52.1%	785 +36.4%	576 +188.0%	200 -79.4%	972 -12.8%	1,115 +130.4%	484	499 +69.0%	295 -9.4%	326 +54.2%
Investing
Capital expenditures	—	—	—	—	—	—	—	—	157 +41.6%	111 +16.0%	96 +3.6%
Investing cash flow	-339 +2.9%	-337 -6.2%	-317 -9.1%	-290 -19.5%	-243 +69.8%	-806 -372.3%	-171 +83.7%	-1,050	-188 -14.4%	-164 -8.6%	-151 +61.1%
Financing
Dividends paid	—	—	—	—	—	0	0 -100.0%	43	22 +9.3%	20 +9.9%	18 +35.1%
Stock buybacks	630 +318.5%	212 +162.1%	81 +31.0%	62 -89.8%	601 +75.1%	343 +243.3%	100	—	—	—	—
Financing cash flow	-895 -23.1%	-643 -42.6%	-451 -20.5%	-374 -2757.3%	-13 +90.9%	-144 +81.4%	-771 -231.9%	585	-203 -58.1%	-128 +38.5%	-209 -288.8%
Change in cash
Effect of exchange rate	-22 -530.0%	32 +213.9%	-28 -544.4%	6 +116.0%	-39	—	—	—	—	—	—
Net change in cash	98 +160.3%	246 +2400.9%	-11 +87.0%	-83 +13.6%	-96 -5411.1%	2 -99.0%	188 +948.6%	18	—	—	—
Free cash flow	—	—	—	—	—	—	—	—	342 +85.4%	184 -19.9%	230 +93.3%
Per share
Free cash flow per share	—	—	—	—	—	—	—	—	7.56 +84.6%	4.09 -20.4%	5.14 +91.5%
Dividend per share	—	—	—	—	—	0.00	0.00 -100.0%	0.86	0.48 +9.1%	0.44 +10.0%	0.40 +33.3%
Shareholder returns
Returned to shareholders	630	212	81	62	601	343	100	43	22	20	18
Share of free cash flow	—	—	—	—	—	—	—	—	6.40%	10.86%	7.91%
Ratios
Free cash flow margin	—	—	—	—	—	—	—	—	6.30%	4.13%	5.86%
Capital expenditures to revenue	—	—	—	—	—	—	—	—	2.89%	2.48%	2.43%
Stock-based compensation to revenue	0.00%	0.01%	0.01%	0.02%	0.03%	0.09%	0.22%	0.16%	—	—	—
Cash conversion	1.24x	1.51x	1.44x	2.55x	0.31x	1.01x	2.77x	0.90x	1.29x	1.09x	1.57x

How these figures are calculated

Annual columns are full-year amounts from the annual report (Form 10-K, 20-F, or 40-F). If a company restates a year, the latest filed number is shown. USD in millions, except per-share amounts and ratios. Capital expenditures, debt repaid, dividends, and buybacks are positive amounts. Investing and financing cash flow keep the filing sign, so an outflow is negative. Free cash flow is operating cash flow minus capital expenditures. The first column is the trailing twelve months through the latest quarter. Returned to shareholders is dividends plus buybacks. Free cash flow margin, capital expenditures, and stock-based compensation are divided by revenue. Cash conversion is operating cash flow divided by net income. More on our methodology.

Company profile

Industry: Real Estate Agents & Managers (For Others) (SIC 6531)
Listed as: JLL (NYSE)
Fiscal year ends: December 31
Incorporated in: MD
Headquarters: Chicago, IL
SEC filer status: Large accelerated filer
SEC CIK: 1037976
Former names: LASALLE PARTNERS INC (until Mar 22, 1999)

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Source: SEC EDGAR filings. This is company-reported data, not investment advice.