JLL reported strong second-quarter earnings Thursday morning with dramatic improvements in cash flow, revenue and net income. Meanwhile, revenue grew to $6.9 billion, in contrast to $6.2 billion in the second quarter of 2025, according to the brokerage. Net income saw the highest year-over-year growth at $373.7 million, well above the $168 million recorded in the second quarter of last year. The shifting interest rate environment could impact capital markets, but JLL doesn’t see small fluctuations causing a slowdown, and executives are not anticipating major changes in the remainder of the year. Regardless, the firm is seeing some “elongation” in the timeline of closing in capital markets in Europe since the start of the war.