8-K - JLL - Equibles

United States

Securities and Exchange Commission

Washington, D.C. 20549

Form 8-K

CURRENT REPORT

Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): March 3, 2026

Jones Lang LaSalle Incorporated

(Exact name of registrant as specified in its charter)

Maryland	001-13145	36-4150422
(State or other jurisdiction	(Commission File Number)	(I.R.S. Employer
of incorporation or organization)		Identification No.)		200 East Randolph Drive,	Chicago,	IL	60601
---	---	---	---	---	---
(Address of principal executive offices)			(Zip Code)
Registrant's telephone number, including area code:				(312)	782-5800
Former name or former address, if changed since last report: Not Applicable

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class	Trading Symbol	Name of each exchange on which registered
Common Stock, par value $0.01	JLL	The New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 7.01 Regulation FD Disclosure

On November 5, 2025, we announced a change to our organizational and financial reporting structure, effective on January 1, 2026. Under the new reporting structure, Software and Technology Solutions will run as a fifth business line within our Real Estate Management Services segment, alongside Workplace Management, Project Management, Property Management, and Portfolio Services and Other. Additionally, as announced on February 18, 2026, we are collapsing the revenue disaggregation within Leasing Advisory. Finally, within our Investment Management segment, we are simplifying our revenue presentation to reflect two captions: Advisory fees and Incentive and transaction fees. On March 3, 2026, the recast financial results for periods within 2023, 2024 and 2025 were made available on our investor relations website at ir.jll.com. A copy of this information is attached hereto as Exhibit 99.1.

Item 9.01 Financial Statements and Exhibits

(d) Exhibits

EXHIBIT INDEX

Exhibit No.	Description
99.1	Reporting changes effective January 1, 2026
104	Cover Page Interactive Data File (embedded within the Inline XBRL document).

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Date: March 3, 2026
Jones Lang LaSalle Incorporated
By: /s/ Kelly Howe
Name: Kelly Howe
Title: Chief Financial Officer

exhibit991

Jones Lang LaSalle Incorporated ($ in millions) Q1 2023 Q2 2023 Q3 2023 Q4 2023 FY 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 FY 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 FY 2025 Real Estate Management Services Revenue 3,737.8 3,845.1 3,992.3 4,477.4 16,052.6 4,123.1 4,426.3 4,577.2 5,092.4 18,219.0 4,626.5 4,949.9 5,041.0 5,616.1 20,233.5 Workplace Management 2,497.2 2,553.4 2,637.1 3,018.5 10,706.2 2,871.7 3,021.1 3,164.6 3,472.3 12,529.7 3,263.6 3,349.1 3,423.6 3,812.2 13,848.5 Project Management 676.3 703.2 747.0 798.3 2,924.8 656.4 788.1 771.3 936.1 3,151.9 747.5 971.6 967.9 1,110.9 3,797.9 Property Management 400.2 409.9 419.2 445.8 1,675.1 429.7 436.6 452.3 476.5 1,795.1 445.6 454.4 461.1 480.2 1,841.3 Portfolio Services and Other 102.7 118.0 130.1 149.3 500.1 111.4 124.1 132.3 148.2 516.0 112.7 118.9 129.8 152.1 513.5 Software and Technology Solutions 61.4 60.6 58.9 65.5 246.4 53.9 56.4 56.7 59.3 226.3 57.1 55.9 58.6 60.7 232.3 Gross contract costs 3,110.9 3,179.8 3,300.6 3,678.0 13,269.3 3,470.3 3,718.5 3,831.3 4,251.6 15,271.7 3,931.0 4,173.5 4,256.3 4,744.0 17,104.8 Workplace Management 2,314.0 2,365.2 2,442.0 2,778.6 9,899.8 2,663.1 2,793.4 2,928.0 3,209.3 11,593.8 3,040.6 3,100.4 3,172.1 3,548.6 12,861.7 Project Management 465.4 473.5 517.4 540.1 1,996.4 445.9 555.2 528.5 654.3 2,183.9 520.0 700.2 696.7 796.7 2,713.6 Property Management 273.1 278.9 280.8 290.6 1,123.4 298.5 304.4 311.2 322.2 1,236.3 312.4 315.7 326.9 334.8 1,289.8 Portfolio Services and Other 54.8 58.1 57.1 65.2 235.2 61.6 64.1 62.2 64.3 252.2 57.3 56.7 59.8 63.1 236.9 Software and Technology Solutions 3.6 4.1 3.3 3.5 14.5 1.2 1.4 1.4 1.5 5.5 0.7 0.5 0.8 0.8 2.8 Platform compensation and benefits 448.6 460.9 471.9 488.7 1,870.1 447.9 467.8 484.5 525.5 1,925.7 479.5 515.4 521.6 531.9 2,048.4 Platform operating, administrative and other 157.1 145.7 147.6 161.6 612.0 139.1 159.2 172.3 171.5 642.1 153.2 162.8 161.4 176.0 653.4 Depreciation and amortization 31.4 32.3 31.9 32.9 128.5 33.5 34.0 37.9 38.3 143.7 37.8 36.4 34.2 32.4 140.8 Total segment platform operating expenses 637.1 638.9 651.4 683.2 2,610.6 620.5 661.0 694.7 735.3 2,711.5 670.5 714.6 717.2 740.3 2,842.6 Total segment operating expenses 3,748.0 3,818.7 3,952.0 4,361.2 15,879.9 4,090.8 4,379.5 4,526.0 4,986.9 17,983.2 4,601.5 4,888.1 4,973.5 5,484.3 19,947.4 Segment operating income (loss) (10.2) 26.4 40.3 116.2 172.7 32.3 46.8 51.2 105.5 235.8 25.0 61.8 67.5 131.8 286.1 Add: Equity earnings (losses) 1.0 0.8 0.3 - 2.1 1.1 0.3 1.1 0.4 2.9 0.4 0.5 0.1 (0.3) 0.7 Depreciation and amortization(1) 30.4 31.4 30.9 31.8 124.5 32.5 33.1 36.9 37.4 139.9 36.9 35.4 33.3 31.5 137.1 Other income (expense) - - - 0.2 0.2 - - - 1.7 1.7 (0.2) - (0.1) 0.5 0.2 Net loss (income) attributable to noncontrolling interest (0.2) (0.6) (0.1) (0.1) (1.0) 0.3 (0.3) (0.3) (0.4) (0.7) (1.1) 0.1 0.3 (0.1) (0.8) Adjusted EBITDA 21.0 58.0 71.4 148.1 298.5 66.2 79.9 88.9 144.6 379.6 61.0 97.8 101.1 163.4 423.3 Q1 2023 Q2 2023 Q3 2023 Q4 2023 FY 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 FY 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 FY 2025 Segment Summary Revenue Real Estate Management Services 3,737.8 3,845.1 3,992.3 4,477.4 16,052.6 4,123.1 4,426.3 4,577.2 5,092.4 18,219.0 4,626.5 4,949.9 5,041.0 5,616.1 20,233.5 Leasing Advisory 506.2 615.5 573.2 751.6 2,446.5 520.4 642.2 691.5 851.5 2,705.6 586.1 676.8 741.9 1,005.1 3,009.9 Capital Markets Services 357.1 448.0 435.8 537.1 1,778.0 377.6 457.6 498.8 706.4 2,040.4 435.3 520.3 612.1 854.4 2,422.1 Investment Management 114.4 143.9 110.1 115.3 483.7 103.4 102.6 101.3 160.6 467.9 98.5 103.1 115.4 133.1 450.1 Gross contract costs Real Estate Management Services 3,110.9 3,179.8 3,300.6 3,678.0 13,269.3 3,470.3 3,718.5 3,831.3 4,251.6 15,271.7 3,931.0 4,173.5 4,256.3 4,744.0 17,104.8 Leasing Advisory 6.0 5.4 7.6 11.2 30.2 6.4 8.3 9.7 8.9 33.3 2.0 3.3 3.1 3.2 11.6 Capital Markets Services 9.3 13.1 11.5 13.6 47.5 13.6 11.8 11.5 11.7 48.6 1.1 1.7 1.5 1.4 5.7 Investment Management 7.1 7.5 7.4 6.9 28.9 8.4 8.8 9.3 10.9 37.4 8.2 8.3 7.8 11.8 36.1 Adjusted EBITDA Real Estate Management Services 21.0 58.0 71.4 148.1 298.5 66.2 79.9 88.9 144.6 379.6 61.0 97.8 101.1 163.4 423.3 Leasing Advisory 58.8 86.3 69.5 134.6 349.2 74.8 112.1 131.7 146.1 464.7 97.0 120.4 136.9 225.8 580.1 Capital Markets Services 10.7 36.0 50.3 76.1 173.1 25.0 33.8 65.7 119.9 244.4 48.6 54.7 89.9 171.2 364.4 Investment Management(2) 23.1 34.8 26.0 19.9 103.8 21.0 22.7 14.0 42.6 100.3 15.8 16.3 23.7 27.7 83.5 All Other (0.7) 10.0 0.1 4.4 13.8 0.1 (2.2) (2.2) 1.6 (2.7) 2.4 2.5 (4.3) 1.0 1.6 (1) This adjustment excludes the noncontrolling interest portion which is not attributable to common shareholders. (2) Investment Management Adjusted EBITDA excludes Equity (losses) earnings. Exhibit 99.1