---
schema_version: "secwatch.filing_event.v1"
accession: "0001037976-23-000028"
form_type: "8-K"
ticker: "JLL"
cik: "0001037976"
company_name: "JONES LANG LASALLE INC"
filed_at: "2023-08-03T23:59:59+00:00"
generated_at: "2026-06-12T06:59:27.000768+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# JLL Q2 adjusted EPS $0.50, revenue $5.1B; net income falls 99% to $2.5M

## Summary
- GAAP diluted EPS $0.05 (incl. $1.69 equity loss); prior-year $3.90 (incl. $0.89 equity gain).
- Fee revenue $1.8B, down 13% in local currency; total revenue $5.1B, down 4%.
- Adjusted EBITDA $116.1M, down 68% YoY; free cash flow improved to $198.1M (up 45%).
- Cost reduction actions raised annual run-rate savings to $210M; offsetting investment in brokerage.
- CEO cites recovery signs as credit spreads narrow and asset prices adjust.

## SEC filing metadata
- accession: 0001037976-23-000028
- form_type: 8-K
- ticker: JLL
- cik: 0001037976
- company_name: JONES LANG LASALLE INC
- filed_at: 2023-08-03T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1037976/000103797623000028/0001037976-23-000028-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1037976/000103797623000028/jll-20230803.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001037976-23-000028
- JSON: https://secwatch.observer/filing/0001037976-23-000028.json
- Plain text: https://secwatch.observer/filing/0001037976-23-000028.txt

## Key facts
- Earnings Releases
  JONES LANG LASALLE INC reported the second quarter ended June 30, 2023 results: revenue $5,052.5, net income $2.5, EPS $0.05.
  - Period: the second quarter ended June 30, 2023
  - Revenue: $5,052.5
  - Net income: $2.5
  - EPS: $0.05
  - Result: reported results
  source text: data, “LC” = local currency) Three Months Ended June 30, Six Months Ended June 30, 2023 2022 % Change in USD % Change in LC 2023 2022 % Change in USD % Change in LC Revenue $ 5,052.5 $ 5,278.4 (4) % (4) % $ 9,768.0 $ 10,079.8 (3) % (2) % Fee revenue 1 1,847.3 2,138.8 (14) (13) 3,431.3 4,039.3 (15) (14) Net income (loss) attributable to common shareholders $
  evidence_url: https://www.sec.gov/Archives/edgar/data/1037976/000103797623000028/0001037976-23-000028-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.