JLL — what changed in the latest 10-Q
A section-by-section comparison of JLL's newest periodic SEC filing (10-K/10-Q) against the prior same-form filing: paragraphs added and removed per section, with verbatim excerpts. Purely a deterministic text diff — no similarity scores, no directional read, not investment advice.
Comparing 10-Q · 2026-10-28 vs the prior 10-Q · 2026-07-30
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +50 | −37 | ~24 | 45 |
| Market risk (Item 3) | Text added/removed | 0 | 0 | ~1 | 4 |
| Controls & procedures | Text added/removed | 0 | 0 | ~1 | 1 |
| Legal proceedings | No paragraph-level changes | 0 | 0 | 0 | 1 |
| Risk factors | No material changes reported (points to the 10-K) | — | — | — | — |
| Other information | Text added/removed | 0 | 0 | ~1 | 0 |
Counts are paragraphs; added/removed means text added or removed vs the prior filing — no direction or judgement implied.
Representative excerpts
Up to 5 excerpts of about 300 characters per section, quoted verbatim from the two SEC filings.
MD&A
Text added vs the prior filing · source: 10-Q · 2026-10-28
•Market volumes for Leasing Advisory and Capital Markets Services are based on data from JLL Research.
Three Months Ended September 30,Change in% Change in Local Currency
Platform operating, administrative and other expenses340.5 329.6 10.9 33
Net non-cash MSR and mortgage banking derivative activity$10.3 (0.2)10.5 n.m.n.m.
Nine Months Ended September 30,Change in% Change in Local Currency
Text removed vs the prior filing · source: 10-Q · 2026-07-30
Three Months Ended June 30,Change in% Change in Local Currency
Platform operating, administrative and other expenses346.4 349.7 (3.3)(1)(1)
Six Months Ended June 30,Change in% Change in Local Currency
Platform operating, administrative and other expenses668.2 650.8 17.4 31
Net non-cash MSR and mortgage banking derivative activity$(15.8)(17.1)1.3 8 %8 %
How to read Risk Factors (Item 1A) in a 10-Q
A 10-Q risk-factor section usually takes one of three forms; this page classifies it as one of:
- Pointer — the filer states there have been no material changes and points back to the annual 10-K risk factors; there is no own risk text to compare this quarter.
- Partial update — the filer carves out specific updated risks ("except as set forth below"); the excerpts show exactly what is new this quarter.
- Restated in full — the quarter carries the complete risk-factor text. When the prior quarter was only a pointer there is no prior full text to diff against, so the page flags the section as restated instead.
This describes the filing structure only — it is never a judgement on whether risk went up or down.
Source: text-level diff of the two SEC EDGAR filings · deterministic (no AI-generated content) · for reference only · not investment advice