JLL Q3 EPS Jumps 49% to $6.85; Guidance Raised, $500M Accelerated Buyback Added
JLL sits 20% above its 52-week low of $259.83.
Summary
JLL posted record Q3 diluted EPS of $6.85 (up 49%) on revenue of $7.28B (up 12%) and raised full-year Adjusted EPS guidance to about 37% growth, while announcing an imminent $500 million accelerated share repurchase that takes 2026 buybacks above $1 billion.
Key Events · Earnings and Guidance · JLL
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Record Q3 EPS, Revenue Up 12%
Diluted EPS came in at $6.85, up 49% in USD and 50% in local currency, on revenue of $7.28B versus $6.51B a year earlier. Adjusted EBITDA rose 33% to $460.2M.
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New $500M Accelerated Share Repurchase
A new $500 million accelerated share repurchase is set to be executed imminently, bringing full-year 2026 repurchases to over $1 billion. As of September 30, 2026, $2.5 billion remained authorized.
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Full-Year Adjusted EPS Guidance Raised
Management raised its full-year Adjusted EPS target range, reflecting 37% growth at the midpoint, citing strong pipelines and operating trends.
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Balance Sheet Strengthens as Buyback Funded
Net debt fell to $858.7M from $1,190.3M at June 30, 2026, cutting the net leverage ratio to 0.5x from 0.7x, with $3.57B of corporate liquidity.
Analysis · JLL · Real Estate & Construction
JLL beat on both lines in the third quarter: revenue rose 12% to $7.28B and diluted EPS climbed 49% to $6.85, while Adjusted EBITDA was up 33% to $460.2M. Management raised its full-year Adjusted EPS target to roughly 37% growth at the midpoint and said it will imminently launch a new $500 million accelerated share repurchase, pushing 2026 buybacks past $1 billion. Funding comes from strength rather than leverage — net debt fell to $858.7M and the net leverage ratio dropped to 0.5x from 0.7x — so the capital return shrinks the share count instead of adding dilution. The one soft spot is Investment Management, where revenue fell 9% on lower incentive and transaction fees and Adjusted EBITDA dropped 24%.
How filings like this one have moved
In the 30 days to Oct 28, 2026, 36.5% of the 953 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was -0.66%. These are measured outcomes after filings of this importance, not a forecast for this one.
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At the time of this filing, JLL was trading at $312.00 on NYSE in the Real Estate & Construction sector, with a market capitalization of approximately $13.8B. The 52-week trading range was $259.83 to $393.84. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.