Jll reports financial results for fourth-quarter and full-year 2022

Continued growth in annuity-based businesses overshadowed by market-driven softness in leasing and capital markets chicago , feb. 28, 2023 /prnewswire/ -- jones lang lasalle incorporated (nyse: jll) today reported operating performance for 2022 with fourth-quarter diluted earnings per share of $3.62 and adjusted diluted earnings per share1 of $4.36, and full-year diluted earnings per share of $13.27 and adjusted diluted earnings per share1 of $15.71. fourth-quarter revenue was $5.6 billion, down 2% in lc, and fee revenue1 was $2.2 billion, down 16% in lc, compared with a record 2021 outsourcing wins and strong close to the year for project management drove increase in work dynamics sharp decline in market volumes and elongated deal cycles continued, contributing to the drop in capital markets lower markets advisory revenue was attributable to pullback in leasing activity across asset classes margin contraction for the fourth quarter driven primarily by three factors: decrease in equity earnings from both jll technologies and lasalle, which comprised over 75% of net margin contraction decline in higher-margin transaction-based revenue higher fixed compensation expense "jll's fourth-quarter performance reflected the industry-wide slowdown in investment sales and leasing volumes caused by the rapid increase in interest rates and the peak of recent inflationary pressures," said christian ulbrich, jll ceo.
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