JLL Beats Q3 2026 Estimates With 27% Leasing Surge and a $500M Buyback
As seen on the 24/7 Wall St. homepage on October 28, 2026.
Leasing advisory revenue jumped 27% in local currency on U.S. industrial, office and data center demand, carrying earnings past expectations. Management raised its full-year adjusted EPS target and is launching a $500 million accelerated buyback.
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Jones Lang LaSalle posted a record third quarter in 2026, with adjusted EPS of $6.76 beating expectations.
Leasing Advisory drove the quarter, with revenue up 27% in local currency on U.S. strength in industrial, office, and data center assets.
That transactional surge translated directly into margin expansion, with Leasing Advisory Adjusted EBITDA up 47%. Net leverage compressed to 0.5x, giving management room to act on capital returns.
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Management raised its full-year adjusted EPS target and announced a $500 million accelerated share repurchase launching imminently, with $2.5 billion still authorized beyond it.
CEO Christian Ulbrich cited JLL's pipelines and operating trends as grounds for a strong close to 2026. Investment Management was the soft spot, with revenue down 9%.
Mentioned: JLL