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JONES LANG LASALLE INC

For the period ended Dec 31, 2024. Filed Feb 19, 2025.

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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2024 · Filed Feb 19, 2025

JLL$380.07+2.5%Stored close · as of Nov 9, 2026

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United States

Securities and Exchange Commission

Washington, D.C. 20549

Form 10-K

Annual Report Pursuant to Section 13 or 15(d) of the Securities Act of 1934

For the fiscal year endedDecember 31, 2024Commission File Number1-13145

Jones Lang LaSalle Incorporated

(Exact name of registrant as specified in its charter)

Maryland36-4150422
(State or other jurisdiction of incorporation or organization)(I.R.S. Employer Identification No.)
200 East Randolph DriveChicago,IL60601
(Address of principal executive offices) · (Zip Code)
Registrant's telephone number, including area code:(312)782-5800
Securities registered pursuant to Section 12(b) of the Act:
Title of each classTrading SymbolName of each exchange on which registered
Common Stock, par value $0.01JLLThe New York Stock Exchange
Securities registered pursuant to Section 12(g) of the Act: None

Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes x Noo

Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or 15(d) of the Act. Yeso No x

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes x No ☐

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such period that the registrant was required to submit such files). Yes x No ☐

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth corporation (as defined in Rule 12b-2 of the Exchange Act).

Large accelerated filerxAccelerated filer☐Non-accelerated filer☐Smaller reporting company☐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. ☐

Indicate by check mark whether the registrant has filed a report on and attestation to its management's assessment of the effectiveness of its internal control over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered public accounting firm that prepared or issued its audit report.☑

If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of the registrant included in the filing reflect the correction of an error to previously issued financial statements.☐

Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-based compensation received by any of the registrant’s executive officers during the relevant recovery period pursuant to §240.10D-1(b).☐

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes☐ Nox

The aggregate market value of the voting stock (common stock) held by non-affiliates of the registrant as of the close of business on June 30, 2024 was $9,675,058,454.

The number of shares outstanding of the registrant's common stock (par value $0.01) as of the close of business on February 13, 2025 was 47,391,812.

Portions of the Registrant's Proxy Statement for its 2025 Annual Meeting of Shareholders are incorporated by reference in Part III of this report.

ANNUAL REPORT ON FORM 10-K

TABLE OF CONTENTS

Page
PART I
Item 1.Business3
Item 1A.Risk Factors26
Item 1B.Unresolved Staff Comments41
Item 1C.Cybersecurity41
Item 2.Properties42
Item 3.Legal Proceedings42
Item 4.Mine Safety Disclosures42
PART II
Item 5.Market for Registrant's Common Equity, Related Shareholder Matters and Issuer Purchase of Equity Securities43
Item 6.[Reserved]44
Item 7.Management's Discussion and Analysis of Financial Condition and Results of Operations45
Item 7A.Quantitative and Qualitative Disclosures About Market Risk64
Item 8.Financial Statements and Supplementary Data65
Item 9.Changes in and Disagreements with Accountants on Accounting and Financial Disclosure109
Item 9A.Controls and Procedures110
Item 9B.Other Information110
Item 9C.Disclosure Regarding Foreign Jurisdictions that Prevent Inspections110
PART III
Item 10.Directors, Executive Officers and Corporate Governance111
Item 11.Executive Compensation111
Item 12.Security Ownership of Certain Beneficial Owners and Management and Related Shareholder Matters112
Item 13.Certain Relationships and Related Transactions, and Director Independence112
Item 14.Principal Accountant Fees and Services112
PART IV
Item 15.Exhibit and Financial Statement Schedules113
Cautionary Note Regarding Forward-Looking Statements113
Power of Attorney113
Signatures118
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