---
schema_version: "secwatch.filing_event.v1"
accession: "0001037976-23-000043"
form_type: "8-K"
ticker: "JLL"
cik: "0001037976"
company_name: "JONES LANG LASALLE INC"
filed_at: "2023-11-02T23:59:59+00:00"
generated_at: "2026-06-08T23:10:39.803935+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# JLL Q3 2023: Fee revenue down 13% YoY; adj EPS $2.01 vs $3.40

## Summary
- Revenue $5.1B (-2% LC); fee revenue $1.8B (-13% LC); operating income $119.1M.
- Diluted EPS $1.23 (down 57%); adjusted diluted EPS $2.01 (down 41% YoY).
- Capital Markets hurt by rising rates; Leasing declined; Property Management double-digit growth; Work Dynamics grew across all service lines.
- Free cash flow improved to $276.2M from $88.4M in prior-year quarter.
- CEO cites cost mitigation actions and resilient business lines as positioning for margin expansion.

## SEC filing metadata
- accession: 0001037976-23-000043
- form_type: 8-K
- ticker: JLL
- cik: 0001037976
- company_name: JONES LANG LASALLE INC
- filed_at: 2023-11-02T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1037976/000103797623000043/0001037976-23-000043-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1037976/000103797623000043/jll-20231102.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001037976-23-000043
- JSON: https://secwatch.observer/filing/0001037976-23-000043.json
- Plain text: https://secwatch.observer/filing/0001037976-23-000043.txt

## Key facts
- Earnings Releases
  JONES LANG LASALLE INC reported financial results for the third quarter ended September 30, 2023.
  - Period: the third quarter ended September 30, 2023
  - Result: reported results
  source text: On November 2, 2023 , Jones Lang LaSalle Incorporated issued a news release announcing its financial results for the third quarter ended September 30, 2023. The full text of the news release is attached as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated in this Item 2.02 by reference.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1037976/000103797623000043/0001037976-23-000043-index.htm

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