Adjusted earnings per share were $4.53 for the fourth quarter, up 14 percent reflecting a $0.42 currency headwind. Fourth quarter gross revenue was up 15 percent to $1.9 billion; fee revenue of $1.7 billion was up 14 percent. All percentage variances are calculated on a local currency basis. 

Consolidated fee revenue for the year was $5.2 billion, up 17 percent from 2014. Consolidated fee revenue for the fourth quarter was $1.7 billion, up 14 percent from 2014. Growth for the year was broad-based, with double-digit increases across all service lines, geographic segments and LaSalle. 

In December 2015 Moody's revised its outlook on the firm to Positive, reflecting the firm's strong cash generation. The firm's investment grade balance sheet is positioned for growth. 

“An excellent fourth quarter completed another year of record revenue and profit,” said Colin Dyer, President and CEO of JLL. 

Adjusted earnings per share reached $10.01 for the year, up 26 percent from last year. Foreign exchange reduced adjusted earnings per share for the year by approximately $0.87. Adjusted earnings per share reached $4.53 for the quarter, up 14 percent from the same period last year. Foreign exchange reduced adjusted earnings per share in the quarter by approximately $0.42. 

“Growth will continue in 2016, driven by the calibre of our people, targeted investments and strategic acquisitions, all combining to expand our services and build the long-term value of our company,” Dyer added.