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2月前
ROBERT HALF REPORTS FIRST-QUARTER FINANCIAL RESULTSApril 23, 2026 4:05 PM
PR Newswire (Canada)
MENLO PARK, Calif., April 23, 2026 /CNW/ -- Robert Half Inc. (NYSE: RHI) today reported revenues and earnings for the first quarter ended March 31, 2026.
For the three months ended March 31, 2026, net income was $14 million, or $0.14 per share, on revenues of $1.300 billion. For the three months ended March 31, 2025, net income was $17 million, or $0.17 per share, on revenues of $1.352 billion."For the first quarter of 2026, global enterprise revenues were $1.3 billion, down 4 percent from last year's first quarter on a reported basis and down 6 percent on an adjusted basis," said M. Keith Waddell, president and chief executive officer of Robert Half. "We are very pleased that talent solutions delivered a second consecutive quarter of positive sequential growth on a same-day constant currency basis, with revenue trends strengthening as the quarter progressed and into early April."Overall, we believe market conditions are becoming increasingly conducive to our business, and our unique combination of award-winning high-tech capabilities and high-touch expertise positions us well to deliver meaningful value for clients navigating a dynamic business environment."Our employees' continued dedication has earned Robert Half recent recognition as one of America's Most Innovative Companies by Fortune and one of the Fortune 100 Best Companies to Work For®. And just this week, we were named by Forbes as one of America's Best Employers for Company Culture," Waddell concluded.Robert Half management will host a conference call at 5 p.m. ET. The prepared remarks for this call are available now in the Investor Center of the Robert Half website (www.roberthalf.com/investor-center). Simply click on the Quarterly Conference Calls link. The dial-in number is 800-330-6710 (+1-213-279-1505 outside the United States and Canada). The confirmation code to access the call is 1445294.A recorded replay of the call will be available for audio replay beginning April 23 and will remain accessible for 12 months at https://webcasts.com/RobertHalfQ12026. The conference call also will be archived in audio format on the Company's website at roberthalf.com. Robert Half is the world's first and largest specialized talent solutions and business consulting firm, connecting highly skilled job seekers with rewarding opportunities at great companies. We offer contract talent and permanent placement solutions in the fields of finance and accounting, technology, marketing and creative, legal, and administrative and customer support, and we also provide executive search services. Robert Half is the parent company of Protiviti®, a global consulting firm that delivers internal audit, risk, business and technology consulting solutions. In the last 12 months, Robert Half has been recognized as one of America's Most Innovative Companies by Fortune and, with Protiviti, has been named as a Fortune® Most Admired Company™ and one of the 100 Best Companies to Work For.Certain information contained in Management's Discussion and Analysis and in other parts of this report may be deemed forward-looking statements regarding events and financial trends that may affect the future operating results or financial positions of Robert Half Inc. (the "Company"). Forward-looking statements are not guarantees or promises that goals or targets will be met. These statements may be identified by words such as "anticipate," "potential," "estimate," "forecast," "target," "project," "plan," "intend," "believe," "expect," "should," "could," "would," "may," "might," "will," or variations or negatives thereof or by similar or comparable words or phrases. In addition, historical, current and forward-looking information about the Company's corporate responsibility and compliance programs, including targets or goals, may not be considered material for the Securities and Exchange Commission ("SEC") or other mandatory reporting purposes and may be based on standards for measuring progress that are still developing; on internal controls, diligence or processes that are evolving; on representations reviewed or provided by third parties; and on assumptions that are subject to change in the future. Forward-looking statements are estimates only and are based on management's current expectations; currently available information; and current strategy, plans or forecasts, and involve certain known and unknown risks, uncertainties and assumptions that are difficult to predict, often beyond the Company's control and are inherently uncertain. Forward-looking statements are subject to risks and uncertainties that could cause actual results and outcomes, or the timing of these results or outcomes, to differ materially from those expressed or implied in the statements.These risks and uncertainties include, but are not limited to, the following: changes to or new interpretations of United States of America ("U.S.") or international tax regulations; the global financial and economic situation; changes in levels of unemployment and other economic conditions in the U.S. or foreign countries where the Company does business, or in particular regions or industries; reduction in the supply of candidates for contract employment or the Company's ability to attract candidates; the development, proliferation and adoption of artificial intelligence ("AI") by the Company and the third parties it serves; the entry of new competitors into the marketplace or expansion by existing competitors; the ability of the Company to maintain existing client relationships and attract new clients in the context of changing economic or competitive conditions; the impact of competitive pressures, including any change in the demand for the Company's services, or the Company's ability to maintain its margins; the possibility of the Company incurring liability for its activities, including the activities of its engagement professionals, or for events impacting its engagement professionals on clients' premises; the possibility that adverse publicity could impact the Company's ability to attract and retain clients and candidates; the success of the Company in attracting, training and retaining qualified management personnel and other staff employees; the Company's ability to comply with governmental regulations affecting personnel services businesses in particular or employer/employee relationships in general; whether there will be ongoing demand for Sarbanes-Oxley or other regulatory compliance services; the Company's reliance on short-term contracts for a significant percentage of its business; litigation relating to prior or current transactions or activities, including litigation that may be disclosed from time to time in the Company's SEC filings; the impact of extreme weather conditions on the Company and its candidates and clients; the ability of the Company to manage its international operations and comply with foreign laws and regulations; the impact of fluctuations in foreign currency exchange rates; the possibility that the additional costs the Company will incur as a result of health care or other reform legislation may adversely affect the Company's profit margins or the demand for the Company's services; the possibility that the Company's computer and communications hardware and software systems could be damaged or their service interrupted, or that the Company could experience a cybersecurity breach; and the possibility that the Company may fail to maintain adequate financial and management controls, and as a result suffer errors in its financial reporting.Additionally, with respect to Protiviti, other risks and uncertainties include the fact that future success will depend on its ability to retain employees and attract clients; there can be no assurance that there will be ongoing demand for broad-based consulting, regulatory compliance, technology services, public sector or other high-demand advisory services; failure to produce projected revenues could adversely affect financial results; and there is the possibility of involvement in litigation relating to prior or current transactions or activities.A summary of additional risks and uncertainties can be found in the Annual Report on Form 10-K for the year ended December 31, 2025, and in the Company's other filings with the U.S. Securities and Exchange Commission.Because long-term contracts are not a significant part of the Company's business, future results cannot be reliably predicted by considering past trends or extrapolating past results. Except as required by law, the Company undertakes no obligation to update information in this report, whether as a result of new information, future events or otherwise, and notwithstanding any historical practice of doing so.A copy of this release is available at www.roberthalf.com/investor-center. ATTACHED:
Summary of OperationsSupplemental Financial InformationNon-GAAP Financial Measures
ROBERT HALF INC.SUMMARY OF OPERATIONS(in thousands, except per share amounts)
Three Months Ended
March 31,
2026
2025
(Unaudited)
Service revenues$ 1,300,179
$ 1,351,907Costs of services820,270
852,862
Gross margin479,909
499,045
Selling, general and administrative expenses442,998
460,163Operating income36,911
38,882Loss from investments held in employee deferred compensation trusts (which is completely offset
by related costs and expenses)8,227
20,171Interest income, net(2,758)
(3,572)Income before income taxes31,442
22,283Provision for income taxes17,652
4,933
Net income$ 13,790
$ 17,350
Diluted net income per share$ 0.14
$ 0.17
Weighted average shares:
Basic99,622
100,666Diluted99,899
101,015ROBERT HALF INC.SUPPLEMENTAL FINANCIAL INFORMATION(in thousands)
Three Months Ended
March 31,
2026
2025
(Unaudited)SERVICE REVENUES INFORMATION
Contract talent solutions
Finance and accounting$ 538,753
$ 562,933 Administrative and customer support149,335
165,627 Technology153,758
152,542 Elimination of intersegment revenues (1)(116,830)
(117,897) Total contract talent solutions725,016
763,205Permanent placement talent solutions109,004
112,091Protiviti466,159
476,611 Total service revenues$ 1,300,179
$ 1,351,907(1)Service revenues for finance and accounting, administrative and customer support, and technology include intersegment revenues, which represent revenues from services provided to the Company's Protiviti segment in connection with the Company's blended business solutions. Intersegment revenues for each functional specialization are aggregated and then eliminated as a single line.
March 31,
2026
2025
(Unaudited)SELECTED BALANCE SHEET INFORMATION:
Cash and cash equivalents
$ 278,387
$ 342,473Accounts receivable, net
$ 776,361
$ 786,560Total assets
$ 2,703,702
$ 2,696,953Total current liabilities
$ 1,268,887
$ 1,190,356Total stockholders' equity
$ 1,231,231
$ 1,313,222
Three Months Ended
March 31,
2026
2025
(Unaudited)SELECTED CASH FLOW INFORMATION:
Depreciation
$ 12,285
$ 13,006Capitalized cloud computing implementation costs
$ 8,289
$ 6,160Capital expenditures
$ 8,495
$ 12,394Open market repurchases of common stock (shares)
—
668ROBERT HALF INC.
NON-GAAP FINANCIAL MEASURESThe financial results of Robert Half Inc. (the "Company") are prepared in conformity with accounting principles generally accepted in the United States of America ("GAAP") and the rules of the SEC. To help readers understand the Company's financial performance, the Company supplements its GAAP financial results with the following non-GAAP measures: adjusted gross margin; adjusted selling, general and administrative expenses; adjusted operating income; and adjusted revenue growth rates.The following measures: adjusted gross margin, adjusted selling, general and administrative expenses and adjusted operating income, include gains and losses on investments held to fund the Company's obligations under employee deferred compensation plans. The Company provides these measures because they are used by management to review its operational results.Adjusted revenue growth rates represent year-over-year revenue growth rates after removing the impacts on reported revenues from the changes in the number of billing days and foreign currency exchange rates. The Company provides this data because it focuses on the Company's revenue growth rates attributable to operating activities and aids in evaluating revenue trends over time. The impacts from the changes in billing days and foreign currency exchange rates are calculated as follows:Billing days impact is calculated by dividing each comparative period's reported revenues by the number of billing days for that period to arrive at a per billing day amount. Same billing day growth rates are then calculated based on the per billing day amounts. Management calculates a global, weighted-average number of billing days for each reporting period based upon inputs from all countries and all functional specializations and segments.Foreign currency impact is calculated by retranslating current-period international revenues, using foreign currency exchange rates from the prior year's comparable period.The non-GAAP financial measures provided herein may not provide information that is directly comparable to that provided by other companies in the Company's industry, as other companies may calculate such financial results differently. The Company's non-GAAP financial measures are not measurements of financial performance under GAAP and should not be considered as alternatives to amounts presented in accordance with GAAP. The Company does not consider these non-GAAP financial measures to be a substitute for, or superior to, the information provided by GAAP financial results. A reconciliation of the non-GAAP financial measures to the most directly comparable GAAP financial measures is provided on the following pages.ROBERT HALF INC.NON-GAAP FINANCIAL MEASURESADJUSTED GROSS MARGIN (UNAUDITED):(in thousands)
Three Months Ended March 31,
Relationships
As Reported
As Adjusted
As Reported
As Adjusted
2026
2025
2026
2025
2026
2025
2026
2025Gross Margin
Contract talent solutions$ 281,753
$ 296,933
$ 281,753
$ 296,933
38.9 %
38.9 %
38.9 %
38.9 % Permanent placement talent solutions108,726
111,861
108,726
111,861
99.7 %
99.8 %
99.7 %
99.8 % Total talent solutions390,479
408,794
390,479
408,794
46.8 %
46.7 %
46.8 %
46.7 % Protiviti89,430
90,251
87,426
86,212
19.2 %
18.9 %
18.8 %
18.1 % Total$ 479,909
$ 499,045
$ 477,905
$ 495,006
36.9 %
36.9 %
36.8 %
36.6 %The following tables provide reconciliations of the non-GAAP adjusted gross margin to reported gross margin for the three months ended March 31, 2026 and 2025:
Three Months Ended March 31, 2026
Three Months Ended March 31, 2025
Contract talentsolutions
Permanent
placement talent
solutions
Total talent
solutions
Protiviti
Total
Contract talentsolutions
Permanent
placement talent
solutions
Total talent
solutions
Protiviti
Total
$% of
Revenue
$% of
Revenue
$% of
Revenue
$% of
Revenue
$% of
Revenue
$% of
Revenue
$% of
Revenue
$% of
Revenue
$% of
Revenue
$% of
RevenueGross Margin
As Reported$ 281,75338.9 %
$ 108,72699.7 %
$ 390,47946.8 %
$ 89,43019.2 %
$ 479,90936.9 %
$ 296,93338.9 %
$ 111,86199.8 %
$ 408,79446.7 %
$ 90,25118.9 %
$ 499,04536.9 % Adjustments (1)——
——
——
(2,004)(0.4 %)
(2,004)(0.1 %)
——
——
——
(4,039)(0.8 %)
(4,039)(0.3 %)As Adjusted$ 281,75338.9 %
$ 108,72699.7 %
$ 390,47946.8 %
$ 87,42618.8 %
$ 477,90536.8 %
$ 296,93338.9 %
$ 111,86199.8 %
$ 408,79446.7 %
$ 86,21218.1 %
$ 495,00636.6 %(1)Changes in the Company's employee deferred compensation plan obligations related to Protiviti operations are included in costs of services, while the related investment losses are presented separately. The non-GAAP financial adjustments shown in the table above are to reclassify investment losses from investments held in employee deferred compensation trusts to the same line item that includes the corresponding change in obligation. These adjustments have no impact on income before income taxes.ROBERT HALF INC.NON-GAAP FINANCIAL MEASURESADJUSTED SELLING, GENERAL AND ADMINISTRATIVE EXPENSES (UNAUDITED):(in thousands)
Three Months Ended March 31,
Relationships
As Reported
As Adjusted
As Reported
As Adjusted
2026
2025
2026
2025
2026
2025
2026
2025Selling, General and Administrative Expenses
Contract talent solutions$ 267,081
$ 276,212
$ 272,440
$ 290,242
36.8 %
36.2 %
37.6 %
38.0 % Permanent placement talent solutions101,806
106,135
102,670
108,237
93.4 %
94.7 %
94.2 %
96.6 % Total talent solutions368,887
382,347
375,110
398,479
44.2 %
43.7 %
45.0 %
45.5 % Protiviti74,111
77,816
74,111
77,816
15.9 %
16.3 %
15.9 %
16.3 % Total$ 442,998
$ 460,163
$ 449,221
$ 476,295
34.1 %
34.0 %
34.6 %
35.2 %The following tables provide reconciliations of the non-GAAP adjusted selling, general and administrative expenses to reported selling, general and administrative expenses for the three months ended March 31, 2026 and 2025:
Three Months Ended March 31, 2026
Three Months Ended March 31, 2025
Contract talentsolutions
Permanent
placement talent
solutions
Total talent
solutions
Protiviti
Total
Contract talentsolutions
Permanent
placement talent
solutions
Total talent
solutions
Protiviti
Total
$% of
Revenue
$% of
Revenue
$% of
Revenue
$% of
Revenue
$% of
Revenue
$% of
Revenue
$% of
Revenue
$% of
Revenue
$% of
Revenue
$% of
RevenueSelling, General and Administrative Expenses
As Reported$ 267,08136.8 %
$ 101,80693.4 %
$ 368,88744.2 %
$ 74,11115.9 %
$ 442,99834.1 %
$ 276,21236.2 %
$ 106,13594.7 %
$ 382,34743.7 %
$ 77,81616.3 %
$ 460,16334.0 % Adjustments (1)5,3590.8 %
8640.8 %
6,2230.8 %
——
6,2230.5 %
14,0301.8 %
2,1021.9 %
16,1321.8 %
——
16,1321.2 %As Adjusted$ 272,44037.6 %
$ 102,67094.2 %
$ 375,11045.0 %
$ 74,11115.9 %
$ 449,22134.6 %
$ 290,24238.0 %
$ 108,23796.6 %
$ 398,47945.5 %
$ 77,81616.3 %
$ 476,29535.2 %(1)Changes in the Company's employee deferred compensation plan obligations related to talent solutions operations are included in selling, general and administrative expenses, while the related investment losses are presented separately. The non-GAAP financial adjustments shown in the table above are to reclassify investment losses from investments held in employee deferred compensation trusts to the same line item that includes the corresponding change in obligation. These adjustments have no impact on income before income taxes.ROBERT HALF INC.NON-GAAP FINANCIAL MEASURESADJUSTED OPERATING INCOME (UNAUDITED):(in thousands)
Three Months Ended March 31,
Relationships
As Reported
As Adjusted
As Reported
As Adjusted
2026
2025
2026
2025
2026
2025
2026
2025Operating Income
Contract talent solutions$ 14,672
$ 20,721
$ 9,313
$ 6,691
2.0 %
2.7 %
1.3 %
0.9 % Permanent placement talent solutions6,920
5,726
6,056
3,624
6.3 %
5.1 %
5.6 %
3.2 % Total talent solutions21,592
26,447
15,369
10,315
2.6 %
3.0 %
1.8 %
1.2 % Protiviti15,319
12,435
13,315
8,396
3.3 %
2.6 %
2.9 %
1.8 % Total$ 36,911
$ 38,882
$ 28,684
$ 18,711
2.8 %
2.9 %
2.2 %
1.4 %The following tables provide reconciliations of the non-GAAP adjusted operating income to reported operating income for the three months ended March 31, 2026 and 2025:
Three Months Ended March 31, 2026
Three Months Ended March 31, 2025
Contract talentsolutions
Permanent
placement talent
solutions
Total talent
solutions
Protiviti
Total
Contract talentsolutions
Permanent
placement talent
solutions
Total talent
solutions
Protiviti
Total
$% of
Revenue
$% of
Revenue
$% of
Revenue
$% of
Revenue
$% of
Revenue
$% of
Revenue
$% of
Revenue
$% of
Revenue
$% of
Revenue
$% of
RevenueOperating Income
As Reported$ 14,6722.0 %
$ 6,9206.3 %
$ 21,5922.6 %
$ 15,3193.3 %
$ 36,9112.8 %
$ 20,7212.7 %
$ 5,7265.1 %
$ 26,4473.0 %
$ 12,4352.6 %
$ 38,8822.9 % Adjustments (1)(5,359)(0.7 %)
(864)(0.7 %)
(6,223)(0.8 %)
(2,004)(0.4 %)
(8,227)(0.6 %)
(14,030)(1.8 %)
(2,102)(1.9 %)
(16,132)(1.8 %)
(4,039)(0.8 %)
(20,171)(1.5 %)As Adjusted$ 9,3131.3 %
$ 6,0565.6 %
$ 15,3691.8 %
$ 13,3152.9 %
$ 28,6842.2 %
$ 6,6910.9 %
$ 3,6243.2 %
$ 10,3151.2 %
$ 8,3961.8 %
$ 18,7111.4 %(1)Changes in the Company's employee deferred compensation plan obligations are included in operating income. The non-GAAP financial adjustments shown in the table above are to reclassify investment losses from investments held in employee deferred compensation trusts to the same line item that includes the corresponding change in obligation. These adjustments have no impact on income before income taxes.ROBERT HALF INC.NON-GAAP FINANCIAL MEASURESREVENUE GROWTH RATES (%) (UNAUDITED):
Year-Over-Year Growth Rates(As Reported)
Non-GAAP Year-Over-Year Growth Rates(As Adjusted)
2024
2025
2026
2024
2025
2026
Q4
Q1
Q2
Q3
Q4
Q1
Q4
Q1
Q2
Q3
Q4
Q1Global
Finance and accounting
-9.5
-12.3
-10.8
-9.9
-6.9
-4.3
-9.8
-10.0
-10.8
-10.7
-7.8
-6.3Administrative and customer
support
-8.8
-17.2
-13.0
-11.1
-11.4
-9.8
-9.4
-15.2
-13.3
-12.1
-12.5
-11.8Technology
-3.5
-3.4
0.3
-1.5
-1.0
0.8
-4.1
-1.3
0.4
-1.9
-1.2
-0.3Elimination of intersegment
revenues (1)
18.9
4.5
2.9
1.1
3.0
-0.9
17.8
6.8
2.5
0.2
2.2
-2.8Total contract talent solutions
-11.5
-14.0
-11.1
-10.1
-8.2
-5.0
-11.8
-11.8
-11.1
-10.9
-9.0
-6.8Permanent placement talent
solutions
-11.1
-10.2
-12.5
-10.7
-5.1
-2.8
-11.4
-7.8
-12.6
-11.4
-5.9
-4.7Total talent solutions
-11.4
-13.5
-11.3
-10.2
-7.9
-4.7
-11.7
-11.3
-11.3
-11.0
-8.6
-6.6Protiviti
5.3
2.7
1.8
-2.6
-2.0
-2.2
4.5
4.7
1.5
-3.4
-2.8
-3.8Total
-6.1
-8.4
-7.0
-7.5
-5.8
-3.8
-6.6
-6.2
-7.1
-8.3
-6.6
-5.6
United States
Contract talent solutions
-10.3
-11.8
-10.7
-10.3
-9.5
-7.6
-11.2
-10.7
-10.7
-10.4
-9.2
-7.5Permanent placement talent
solutions
-9.6
-8.5
-13.2
-11.3
-5.8
-5.9
-10.4
-7.3
-13.2
-11.4
-5.5
-5.7Total talent solutions
-10.2
-11.4
-11.0
-10.4
-9.0
-7.4
-11.1
-10.3
-11.0
-10.5
-8.8
-7.3Protiviti
6.6
2.3
-0.7
-5.5
-5.9
-6.4
5.6
3.6
-0.7
-5.6
-5.6
-6.3Total
-4.7
-6.9
-7.4
-8.6
-7.9
-7.1
-5.7
-5.7
-7.4
-8.7
-7.6
-6.9
International
Contract talent solutions
-15.2
-20.7
-12.5
-9.7
-4.0
4.3
-13.9
-16.2
-12.9
-12.4
-8.7
-3.4Permanent placement talent
solutions
-14.7
-14.5
-10.6
-9.0
-3.5
5.7
-13.7
-10.1
-11.2
-11.2
-7.0
-0.9Total talent solutions
-15.1
-19.8
-12.2
-9.6
-3.9
4.5
-13.9
-15.3
-12.6
-12.2
-8.4
-3.0Protiviti
0.2
4.4
13.1
11.1
14.7
16.0
-0.4
7.9
10.7
7.5
9.1
8.1Total
-10.9
-13.6
-5.3
-3.8
1.8
8.1
-10.2
-9.4
-6.3
-6.7
-3.0
0.4(1)Service revenues for finance and accounting, administrative and customer support, and technology include intersegment revenues, which represent revenues from services provided to Protiviti in connection with the Company's blended business solutions. Intersegment revenues for each functional specialization are aggregated and then eliminated as a single line item.The non-GAAP financial measures included in the table above adjust for the following items:Billing Days. The "As Reported" revenue growth rates are based upon reported revenues. Management calculates the billing day impact by dividing each comparative period's reported revenues by the number of billing days for that period to arrive at a per billing day amount. Same billing day growth rates are then calculated based on the per billing day amounts. Management calculates a global, weighted-average number of billing days for each reporting period based upon input from all countries and all functional specializations and segments.Foreign Currency Translation. The "As Reported" revenue growth rates are based upon reported revenues, which include the impact of changes in foreign currency exchange rates. The foreign currency impact is calculated by retranslating current-period international revenues, using foreign currency exchange rates from the prior year's comparable period.The term "As Adjusted" means that the impact of different billing days and constant currency fluctuations are removed from the revenue growth rate calculation. A reconciliation of the non-GAAP year-over-year revenue growth rates to the "As Reported" year-over-year revenue growth rates is included herein, on Pages 10-12.ROBERT HALF INC.NON-GAAP FINANCIAL MEASURESREVENUE GROWTH RATE (%) RECONCILIATION (UNAUDITED):
Year-Over-Year Revenue Growth – GLOBAL
Q4 2024
Q1 2025
Q2 2025
Q3 2025
Q4 2025
Q1 2026Finance and accounting
As Reported
-9.5
-12.3
-10.8
-9.9
-6.9
-4.3Billing Days Impact
-0.8
1.3
0.4
-0.2
0.3
0.0Currency Impact
0.5
1.0
-0.4
-0.6
-1.2
-2.0As Adjusted
-9.8
-10.0
-10.8
-10.7
-7.8
-6.3
Administrative and customer support
As Reported
-8.8
-17.2
-13.0
-11.1
-11.4
-9.8Billing Days Impact
-0.8
1.3
0.4
0.0
0.3
0.0Currency Impact
0.2
0.7
-0.7
-1.0
-1.4
-2.0As Adjusted
-9.4
-15.2
-13.3
-12.1
-12.5
-11.8
Technology
As Reported
-3.5
-3.4
0.3
-1.5
-1.0
0.8Billing Days Impact
-0.7
1.4
0.5
-0.1
0.3
0.0Currency Impact
0.1
0.7
-0.4
-0.3
-0.5
-1.1As Adjusted
-4.1
-1.3
0.4
-1.9
-1.2
-0.3
Elimination of intersegment revenues
As Reported
18.9
4.5
2.9
1.1
3.0
-0.9Billing Days Impact
-1.0
1.6
0.5
-0.1
0.4
0.0Currency Impact
-0.1
0.7
-0.9
-0.8
-1.2
-1.9As Adjusted
17.8
6.8
2.5
0.2
2.2
-2.8
Total contract talent solutions
As Reported
-11.5
-14.0
-11.1
-10.1
-8.2
-5.0Billing Days Impact
-0.7
1.3
0.4
-0.2
0.3
0.0Currency Impact
0.4
0.9
-0.4
-0.6
-1.1
-1.8As Adjusted
-11.8
-11.8
-11.1
-10.9
-9.0
-6.8
Permanent placement talent solutions
As Reported
-11.1
-10.2
-12.5
-10.7
-5.1
-2.8Billing Days Impact
-0.7
1.3
0.5
-0.1
0.3
0.0Currency Impact
0.4
1.1
-0.6
-0.6
-1.1
-1.9As Adjusted
-11.4
-7.8
-12.6
-11.4
-5.9
-4.7
Total talent solutions
As Reported
-11.4
-13.5
-11.3
-10.2
-7.9
-4.7Billing Days Impact
-0.7
1.2
0.4
-0.2
0.4
0.0Currency Impact
0.4
1.0
-0.4
-0.6
-1.1
-1.9As Adjusted
-11.7
-11.3
-11.3
-11.0
-8.6
-6.6
Protiviti
As Reported
5.3
2.7
1.8
-2.6
-2.0
-2.2Billing Days Impact
-0.8
1.5
0.4
-0.2
0.3
0.0Currency Impact
0.0
0.5
-0.7
-0.6
-1.1
-1.6As Adjusted
4.5
4.7
1.5
-3.4
-2.8
-3.8
Total
As Reported
-6.1
-8.4
-7.0
-7.5
-5.8
-3.8Billing Days Impact
-0.8
1.4
0.4
-0.2
0.3
0.0Currency Impact
0.3
0.8
-0.5
-0.6
-1.1
-1.8As Adjusted
-6.6
-6.2
-7.1
-8.3
-6.6
-5.6ROBERT HALF INC.NON-GAAP FINANCIAL MEASURESREVENUE GROWTH RATE (%) RECONCILIATION (UNAUDITED):
Year-Over-Year Revenue Growth – UNITED STATES
Q4 2024
Q1 2025
Q2 2025
Q3 2025
Q4 2025
Q1 2026Contract talent solutions
As Reported
-10.3
-11.8
-10.7
-10.3
-9.5
-7.6Billing Days Impact
-0.9
1.1
0.0
-0.1
0.3
0.1Currency Impact
?
?
?
?
?
?As Adjusted
-11.2
-10.7
-10.7
-10.4
-9.2
-7.5
Permanent placement talent solutions
As Reported
-9.6
-8.5
-13.2
-11.3
-5.8
-5.9Billing Days Impact
-0.8
1.2
0.0
-0.1
0.3
0.2Currency Impact
?
?
?
?
?
?As Adjusted
-10.4
-7.3
-13.2
-11.4
-5.5
-5.7
Total talent solutions
As Reported
-10.2
-11.4
-11.0
-10.4
-9.0
-7.4Billing Days Impact
-0.9
1.1
0.0
-0.1
0.2
0.1Currency Impact
?
?
?
?
?
?As Adjusted
-11.1
-10.3
-11.0
-10.5
-8.8
-7.3
Protiviti
As Reported
6.6
2.3
-0.7
-5.5
-5.9
-6.4Billing Days Impact
-1.0
1.3
0.0
-0.1
0.3
0.1Currency Impact
?
?
?
?
?
?As Adjusted
5.6
3.6
-0.7
-5.6
-5.6
-6.3
Total
As Reported
-4.7
-6.9
-7.4
-8.6
-7.9
-7.1Billing Days Impact
-1.0
1.2
0.0
-0.1
0.3
0.2Currency Impact
?
?
?
?
?
?As Adjusted
-5.7
-5.7
-7.4
-8.7
-7.6
-6.9ROBERT HALF INC.NON-GAAP FINANCIAL MEASURESREVENUE GROWTH RATE (%) RECONCILIATION (UNAUDITED):
Year-Over-Year Revenue Growth – INTERNATIONAL
Q4 2024
Q1 2025
Q2 2025
Q3 2025
Q4 2025
Q1 2026Contract talent solutions
As Reported
-15.2
-20.7
-12.5
-9.7
-4.0
4.3Billing Days Impact
-0.4
0.6
1.4
0.0
0.1
0.6Currency Impact
1.7
3.9
-1.8
-2.7
-4.8
-8.3As Adjusted
-13.9
-16.2
-12.9
-12.4
-8.7
-3.4
Permanent placement talent solutions
As Reported
-14.7
-14.5
-10.6
-9.0
-3.5
5.7Billing Days Impact
-0.4
0.6
1.4
0.0
0.2
0.6Currency Impact
1.4
3.8
-2.0
-2.2
-3.7
-7.2As Adjusted
-13.7
-10.1
-11.2
-11.2
-7.0
-0.9
Total talent solutions
As Reported
-15.1
-19.8
-12.2
-9.6
-3.9
4.5Billing Days Impact
-0.5
0.6
1.4
0.0
0.1
0.7Currency Impact
1.7
3.9
-1.8
-2.6
-4.6
-8.2As Adjusted
-13.9
-15.3
-12.6
-12.2
-8.4
-3.0
Protiviti
As Reported
0.2
4.4
13.1
11.1
14.7
16.0Billing Days Impact
-0.4
0.7
1.7
0.0
0.1
0.7Currency Impact
-0.2
2.8
-4.1
-3.6
-5.7
-8.6As Adjusted
-0.4
7.9
10.7
7.5
9.1
8.1
Total
As Reported
-10.9
-13.6
-5.3
-3.8
1.8
8.1Billing Days Impact
-0.5
0.6
1.5
0.0
0.2
0.6Currency Impact
1.2
3.6
-2.5
-2.9
-5.0
-8.3As Adjusted
-10.2
-9.4
-6.3
-6.7
-3.0
0.4
View original content to download multimedia:https://www.prnewswire.com/news-releases/robert-half-reports-first-quarter-financial-results-302752261.htmlSOURCE Robert Half
Original: ROBERT HALF REPORTS FIRST-QUARTER FINANCIAL RESULTS
US Market News
5月前
ROBERT HALF REPORTS FOURTH-QUARTER FINANCIAL RESULTSJanuary 29, 2026 4:05 PM
PR Newswire (US)
MENLO PARK, Calif., Jan. 29, 2026 /PRNewswire/ -- Robert Half Inc. (NYSE: RHI) today reported revenues and earnings for the fourth quarter ended December 31, 2025.
For the three months ended December 31, 2025, net income was $32 million, or $0.32 per share, on revenues of $1.302 billion. For the three months ended December 31, 2024, net income was $54 million, or $0.53 per share, on revenues of $1.382 billion.For the year ended December 31, 2025, net income was $133 million, or $1.33 per share, on revenues of $5.379 billion. For the year ended December 31, 2024, net income was $252 million, or $2.44 per share, on revenues of $5.796 billion."For the fourth quarter of 2025, global enterprise revenues were $1.302 billion, down 6 percent from last year's fourth quarter on a reported basis and down 7 percent on an adjusted basis," said M. Keith Waddell, president and chief executive officer at Robert Half. "We are very pleased to see talent solutions and enterprise revenues return to positive sequential growth on a same-day constant currency basis for the first time in over three years. Weekly revenue trends during the quarter continued to show positive momentum, which extended into the first three weeks of January. Our revenues and earnings exceeded the midpoint of our previous fourth-quarter guidance."We thank our global workforce for their continued dedication, which once again earned Robert Half recognition by Fortune® as one of the World's Most Admired Companies™. We are proud of our unique position as the only company in our industry to be awarded this distinction for nearly three decades. We were also recognized as one of Forbes' World's Top Companies for Women and chosen by Newsweek as one of America's Most Responsible Companies," Waddell concluded.Robert Half management will conduct a conference call today at 5 p.m. EST. The prepared remarks for this call are available now in the Investor Center of the Robert Half website (www.roberthalf.com/investor-center). Simply click on the Quarterly Conference Calls link. The dial-in number is 800-330-6710 (+1-213-279-1505 outside the United States and Canada). The confirmation code to access the call is 3700616.A recording of this call will be available for audio replay beginning at approximately 8 p.m. EST on January 29 and ending after 12 months. To access the replay, visit https://webcasts.com/RobertHalfQ42025. The conference call also will be archived in audio format on the Company's website at roberthalf.com.Robert Half is the world's first and largest specialized talent solutions and business consulting firm, connecting highly skilled job seekers with rewarding opportunities at great companies. We offer contract talent and permanent placement solutions in the fields of finance and accounting, technology, marketing and creative, legal, and administrative and customer support, and we also provide executive search services. Robert Half is the parent company of Protiviti®, a global consulting firm that delivers internal audit, risk, business and technology consulting solutions. In the last 12 months, Robert Half has been recognized as one of America's Most Innovative Companies by Fortune and, with Protiviti, has been named as a Fortune® World's Most Admired Company™ and one of the 100 Best Companies to Work For.Certain information contained in Management's Discussion and Analysis and in other parts of this report may be deemed forward-looking statements regarding events and financial trends that may affect the future operating results or financial positions of Robert Half Inc. (the "Company"). Forward-looking statements are not guarantees or promises that goals or targets will be met. These statements may be identified by words such as "anticipate," "potential," "estimate," "forecast," "target," "project," "plan," "intend," "believe," "expect," "should," "could," "would," "may," "might," "will," or variations or negatives thereof or by similar or comparable words or phrases. In addition, historical, current and forward-looking information about the Company's corporate responsibility and compliance programs, including targets or goals, may not be considered material for the Securities and Exchange Commission ("SEC") or other mandatory reporting purposes and may be based on standards for measuring progress that are still developing; on internal controls, diligence or processes that are evolving; on representations reviewed or provided by third parties; and on assumptions that are subject to change in the future. Forward-looking statements are estimates only and are based on management's current expectations, currently available information and current strategy, plans or forecasts, and involve certain known and unknown risks, uncertainties and assumptions that are difficult to predict, often beyond our control and are inherently uncertain. Forward-looking statements are subject to risks and uncertainties that could cause actual results and outcomes, or the timing of these results or outcomes, to differ materially from those expressed or implied in the statements.These risks and uncertainties include, but are not limited to, the following: changes to or new interpretations of United States of America ("U.S.") or international tax regulations; the global financial and economic situation; changes in levels of unemployment and other economic conditions in the U.S. or foreign countries where the Company does business, or in particular regions or industries; reduction in the supply of candidates for contract employment or the Company's ability to attract candidates; the development, proliferation and adoption of artificial intelligence ("AI") by the Company and the third parties it serves; the entry of new competitors into the marketplace or expansion by existing competitors; the ability of the Company to maintain existing client relationships and attract new clients in the context of changing economic or competitive conditions; the impact of competitive pressures, including any change in the demand for the Company's services, or the Company's ability to maintain its margins; the possibility of the Company incurring liability for its activities, including the activities of its engagement professionals, or for events impacting its engagement professionals on clients' premises; the possibility that adverse publicity could impact the Company's ability to attract and retain clients and candidates; the success of the Company in attracting, training and retaining qualified management personnel and other staff employees; the Company's ability to comply with governmental regulations affecting personnel services businesses in particular or employer/employee relationships in general; whether there will be ongoing demand for Sarbanes-Oxley or other regulatory compliance services; the Company's reliance on short-term contracts for a significant percentage of its business; litigation relating to prior or current transactions or activities, including litigation that may be disclosed from time to time in the Company's SEC filings; the impact of extreme weather conditions on the Company and its candidates and clients; the ability of the Company to manage its international operations and comply with foreign laws and regulations; the impact of fluctuations in foreign currency exchange rates; the possibility that the additional costs the Company will incur as a result of health care or other reform legislation may adversely affect the Company's profit margins or the demand for the Company's services; the possibility that the Company's computer and communications hardware and software systems could be damaged or their service interrupted or that the Company could experience a cybersecurity breach; and the possibility that the Company may fail to maintain adequate financial and management controls, and as a result suffer errors in its financial reporting.Additionally, with respect to Protiviti, other risks and uncertainties include the facts that future success will depend on its ability to retain employees and attract clients; there can be no assurance that there will be ongoing demand for broad-based consulting, regulatory compliance, technology services, public sector or other high-demand advisory services; failure to produce projected revenues could adversely affect financial results; and there is the possibility of involvement in litigation relating to prior or current transactions or activities.A summary of additional risks and uncertainties can be found in the Annual Report on Form 10-K for the year ended December 31, 2024, and in the Company's other filings with the U.S. Securities and Exchange Commission.Because long-term contracts are not a significant part of the Company's business, future results cannot be reliably predicted by considering past trends or extrapolating past results. Except as required by law, the Company undertakes no obligation to update information in this report, whether as a result of new information, future events, or otherwise, and notwithstanding any historical practice of doing so.A copy of this release is available at www.roberthalf.com/investor-center. ATTACHED:
Summary of Operations Supplemental Financial Information Non-GAAP Financial Measures
ROBERT HALF INCSUMMARY OF OPERATIONS(in thousands, except per share amounts)
Three Months Ended
December 31,
Year Ended
December 31,
2025
2024
2025
2024
(Unaudited)
(Unaudited)
Service revenues$ 1,302,379
$ 1,382,372
$ 5,378,506
$ 5,795,837Costs of services812,816
846,274
3,376,193
3,548,607
Gross margin489,563
536,098
2,002,313
2,247,230
Selling, general and administrative expenses467,112
471,630
1,925,852
2,005,756Operating income22,451
64,468
76,461
241,474Income from investments held in employee deferred compensation trusts (which is completely offset by related costs and expenses)(20,988)
(5,740)
(106,092)
(94,079)Interest income, net(3,478)
(5,128)
(11,799)
(22,118)Income before income taxes46,917
75,336
194,352
357,671Provision for income taxes15,161
21,046
61,362
106,073
Net income$ 31,756
$ 54,290
$ 132,990
$ 251,598
Diluted net income per share$ 0.32
$ 0.53
$ 1.33
$ 2.44
Weighted average shares:
Basic99,508
101,549
100,116
102,661Diluted99,669
102,008
100,312
103,028 ROBERT HALF INCSUPPLEMENTAL FINANCIAL INFORMATION(in thousands)
Three Months Ended
December 31,
Year Ended
December 31,
2025
2024
2025
2024
(Unaudited)
(Unaudited)
SERVICE REVENUES INFORMATION
Contract talent solutions
Finance and accounting$ 535,229
$ 574,898
$ 2,207,152
$ 2,454,119Administrative and customer support153,032
172,783
642,939
741,468Technology156,383
158,009
625,179
634,062Elimination of intersegment revenues (1)(123,797)
(120,176)
(485,187)
(471,777)Total contract talent solutions720,847
785,514
2,990,083
3,357,872Permanent placement talent solutions102,571
108,099
439,500
487,204Protiviti478,961
488,759
1,948,923
1,950,761Total service revenues$ 1,302,379
$ 1,382,372
$ 5,378,506
$ 5,795,837
(1)Service revenues for finance and accounting, administrative and customer support, and technology include intersegment revenues, which represent revenues from services provided to the Company's Protiviti segment in connection with the Company's blended business solutions. Intersegment revenues for each functional specialization are aggregated and then eliminated as a single line.
December 31,
2025
2024
(Unaudited)
SELECTED BALANCE SHEET INFORMATION:
Cash and cash equivalents
$ 464,435
$ 537,583Accounts receivable, net
$ 748,457
$ 772,285Total assets
$ 2,856,276
$ 2,854,405Total current liabilities
$ 1,384,506
$ 1,285,739Total stockholders' equity
$ 1,275,857
$ 1,378,003
Year Ended
December 31,
2025
2024
(Unaudited)
SELECTED CASH FLOW INFORMATION:
Depreciation
$ 50,031
$ 52,053Capitalized cloud computing implementation costs
$ 28,522
$ 29,210Capital expenditures
$ 53,155
$ 56,318Open market repurchases of common stock (shares)
1,702
3,507ROBERT HALF INC.
NON-GAAP FINANCIAL MEASURESThe financial results of Robert Half Inc. (the "Company") are prepared in conformity with accounting principles generally accepted in the United States of America ("GAAP") and the rules of the SEC. To help readers understand the Company's financial performance, the Company supplements its GAAP financial results with the following non-GAAP measures: adjusted gross margin; adjusted selling, general and administrative expenses; adjusted operating income; and adjusted revenue growth rates.The following measures: adjusted gross margin, adjusted selling, general and administrative expenses and adjusted operating income, include gains and losses on investments held to fund the Company's obligations under employee deferred compensation plans. The Company provides these measures because they are used by management to review its operational results.Adjusted revenue growth rates represent year-over-year revenue growth rates after removing the impacts on reported revenues from the changes in the number of billing days and foreign currency exchange rates. The Company provides this data because it focuses on the Company's revenue growth rates attributable to operating activities and aids in evaluating revenue trends over time. The impacts from the changes in billing days and foreign currency exchange rates are calculated as follows:Billing days impact is calculated by dividing each comparative period's reported revenues by the number of billing days for that period to arrive at a per billing day amount. Same billing day growth rates are then calculated based on the per billing day amounts. Management calculates a global, weighted-average number of billing days for each reporting period based upon inputs from all countries and all functional specializations and segments.Foreign currency impact is calculated by retranslating current-period international revenues, using foreign currency exchange rates from the prior year's comparable period.The non-GAAP financial measures provided herein may not provide information that is directly comparable to that provided by other companies in the Company's industry, as other companies may calculate such financial results differently. The Company's non-GAAP financial measures are not measurements of financial performance under GAAP and should not be considered as alternatives to amounts presented in accordance with GAAP. The Company does not consider these non-GAAP financial measures to be a substitute for, or superior to, the information provided by GAAP financial results. A reconciliation of the non-GAAP financial measures to the most directly comparable GAAP financial measures is provided on the following pages. ROBERT HALF INCNON-GAAP FINANCIAL MEASURESADJUSTED GROSS MARGIN (UNAUDITED):(in thousands)
Three Months Ended December 31,
Relationships
Year Ended December 31,
Relationships
As Reported
As Adjusted
As Reported
As Adjusted
As Reported
As Adjusted
As Reported
As Adjusted
2025
2024
2025
2024
2025
2024
2025
2024
2025
2024
2025
2024
2025
2024
2025
2024Gross Margin
Contract talent solutions$ 282,340
$ 306,758
$ 282,340
$ 306,758
39.2 %
39.1 %
39.2 %
39.1 %
$ 1,166,761
$ 1,316,524
$ 1,166,761
$ 1,316,524
39.0 %
39.2 %
39.0 %
39.2 %Permanent placement talent solutions102,390
107,866
102,390
107,866
99.8 %
99.8 %
99.8 %
99.8 %
438,705
486,219
438,705
486,219
99.8 %
99.8 %
99.8 %
99.8 %Total talent solutions384,730
414,624
384,730
414,624
46.7 %
46.4 %
46.7 %
46.4 %
1,605,466
1,802,743
1,605,466
1,802,743
46.8 %
46.9 %
46.8 %
46.9 %Protiviti104,833
121,474
109,413
122,560
21.9 %
24.9 %
22.8 %
25.1 %
396,847
444,487
420,609
463,250
20.4 %
22.8 %
21.6 %
23.7 %Total$ 489,563
$ 536,098
$ 494,143
$ 537,184
37.6 %
38.8 %
37.9 %
38.9 %
$ 2,002,313
$ 2,247,230
$ 2,026,075
$ 2,265,993
37.2 %
38.8 %
37.7 %
39.1 %The following tables provide reconciliations of the non-GAAP adjusted gross margin to reported gross margin for the three months ended December 31, 2025 and 2024:
Three Months Ended December 31, 2025
Three Months Ended December 31, 2024
Contract talentsolutions
Permanent
placement talent
solutions
Total talent
solutions
Protiviti
Total
Contract talentsolutions
Permanent
placement talent
solutions
Total talent
solutions
Protiviti
Total
$% of
Revenue
$% of
Revenue
$% of
Revenue
$% of
Revenue
$% of
Revenue
$% of
Revenue
$% of
Revenue
$% of
Revenue
$% of
Revenue
$% of
RevenueGross Margin
As Reported$ 282,34039.2 %
$ 102,39099.8 %
$ 384,73046.7 %
$ 104,83321.9 %
$ 489,56337.6 %
$ 306,75839.1 %
$ 107,86699.8 %
$ 414,62446.4 %
$ 121,47424.9 %
$ 536,09838.8 %Adjustments (1)——
——
——
4,5800.9 %
4,5800.3 %
——
——
——
1,0860.2 %
1,0860.1 %As Adjusted$ 282,34039.2 %
$ 102,39099.8 %
$ 384,73046.7 %
$ 109,41322.8 %
$ 494,14337.9 %
$ 306,75839.1 %
$ 107,86699.8 %
$ 414,62446.4 %
$ 122,56025.1 %
$ 537,18438.9 %The following tables provide reconciliations of the non-GAAP adjusted gross margin to reported gross margin for the years ended December 31, 2025 and 2024:
Year Ended December 31, 2025
Year Ended December 31, 2024
Contract talentsolutions
Permanent
placement talent
solutions
Total talent
solutions
Protiviti
Total
Contract talentsolutions
Permanent
placement talent
solutions
Total talent
solutions
Protiviti
Total
$% of
Revenue
$% of
Revenue
$% of
Revenue
$% of
Revenue
$% of
Revenue
$% of
Revenue
$% of
Revenue
$% of
Revenue
$% of
Revenue
$% of
RevenueGross Margin
As Reported$ 1,166,76139.0 %
$ 438,70599.8 %
$ 1,605,46646.8 %
$ 396,84720.4 %
$ 2,002,31337.2 %
$ 1,316,52439.2 %
$ 486,21999.8 %
$ 1,802,74346.9 %
$ 444,48722.8 %
$ 2,247,23038.8 %Adjustments (1)——
——
——
23,7621.2 %
23,7620.5 %
——
——
——
18,7630.9 %
18,7630.3 %As Adjusted$ 1,166,76139.0 %
$ 438,70599.8 %
$ 1,605,46646.8 %
$ 420,60921.6 %
$ 2,026,07537.7 %
$ 1,316,52439.2 %
$ 486,21999.8 %
$ 1,802,74346.9 %
$ 463,25023.7 %
$ 2,265,99339.1 %
(1)Changes in the Company's employee deferred compensation plan obligations related to Protiviti operations are included in costs of services, while the related investment income is presented separately. The non-GAAP financial adjustments shown in the table above are to reclassify investment income from investments held in employee deferred compensation trusts to the same line item that includes the corresponding change in obligation. These adjustments have no impact on income before income taxes. ROBERT HALF INCNON-GAAP FINANCIAL MEASURESADJUSTED SELLING, GENERAL AND ADMINISTRATIVE EXPENSES (UNAUDITED):(in thousands)
Three Months Ended December 31,
Relationships
Year Ended December 31,
Relationships
As Reported
As Adjusted
As Reported
As Adjusted
As Reported
As Adjusted
As Reported
As Adjusted
2025
2024
2025
2024
2025
2024
2025
2024
2025
2024
2025
2024
2025
2024
2025
2024Selling, General and Administrative Expenses
Contract talent solutions$ 289,910
$ 294,387
$ 275,199
$ 290,348
40.2 %
37.5 %
38.2 %
37.0 %
$ 1,191,837
$ 1,252,588
$ 1,118,140
$ 1,186,006
39.9 %
37.3 %
37.4 %
35.3 %Permanent placement talent solutions102,017
102,619
100,320
102,004
99.5 %
94.9 %
97.8 %
94.4 %
425,774
448,901
417,141
440,167
96.9 %
92.1 %
94.9 %
90.3 %Total talent solutions391,927
397,006
375,519
392,352
47.6 %
44.4 %
45.6 %
43.9 %
1,617,611
1,701,489
1,535,281
1,626,173
47.2 %
44.3 %
44.8 %
42.3 %Protiviti75,185
74,624
75,185
74,624
15.7 %
15.3 %
15.7 %
15.3 %
308,241
304,267
308,241
304,267
15.8 %
15.6 %
15.8 %
15.6 %Total$ 467,112
$ 471,630
$ 450,704
$ 466,976
35.9 %
34.1 %
34.6 %
33.8 %
$ 1,925,852
$ 2,005,756
$ 1,843,522
$ 1,930,440
35.8 %
34.6 %
34.3 %
33.3 %The following tables provide reconciliations of the non-GAAP adjusted selling, general and administrative expenses to reported selling, general and administrative expenses for the three months ended December 31, 2025 and 2024:
Three Months Ended December 31, 2025
Three Months Ended December 31, 2024
Contract talentsolutions
Permanent
placement talent
solutions
Total talent
solutions
Protiviti
Total
Contract talentsolutions
Permanent
placement talent
solutions
Total talent
solutions
Protiviti
Total
$% of
Revenue
$% of
Revenue
$% of
Revenue
$% of
Revenue
$% of
Revenue
$% of
Revenue
$% of
Revenue
$% of
Revenue
$% of
Revenue
$% of
RevenueSelling, General and Administrative Expenses
As Reported$ 289,91040.2 %
$ 102,01799.5 %
$ 391,92747.6 %
$ 75,18515.7 %
$ 467,11235.9 %
$ 294,38737.5 %
$ 102,61994.9 %
$ 397,00644.4 %
$ 74,62415.3 %
$ 471,63034.1 %Adjustments (1)(14,711)(2.0 %)
(1,697)(1.7 %)
(16,408)(2.0 %)
——
(16,408)(1.3 %)
(4,039)(0.5 %)
(615)(0.5 %)
(4,654)(0.5 %)
——
(4,654)(0.3 %)As Adjusted$ 275,19938.2 %
$ 100,32097.8 %
$ 375,51945.6 %
$ 75,18515.7 %
$ 450,70434.6 %
$ 290,34837.0 %
$ 102,00494.4 %
$ 392,35243.9 %
$ 74,62415.3 %
$ 466,97633.8 %The following tables provide reconciliations of the non-GAAP adjusted selling, general and administrative expenses to reported selling, general and administrative expenses for the years ended December 31, 2025 and 2024:
Year Ended December 31, 2025
Year Ended December 31, 2024
Contract talent
solutions
Permanent
placement talent
solutions
Total talent
solutions
Protiviti
Total
Contract talent
solutions
Permanent
placement talent
solutions
Total talent
solutions
Protiviti
Total
$% of
Revenue
$% of
Revenue
$% of
Revenue
$% of
Revenue
$% of
Revenue
$% of
Revenue
$% of
Revenue
$% of
Revenue
$% of
Revenue
$% of
RevenueSelling, General and Administrative Expenses
As Reported$ 1,191,83739.9 %
$ 425,77496.9 %
$ 1,617,61147.2 %
$ 308,24115.8 %
$ 1,925,85235.8 %
$ 1,252,58837.3 %
$ 448,90192.1 %
$ 1,701,48944.3 %
$ 304,26715.6 %
$ 2,005,75634.6 %Adjustments (1)(73,697)(2.5 %)
(8,633)(2.0 %)
(82,330)(2.4 %)
——
(82,330)(1.5 %)
(66,582)(2.0 %)
(8,734)(1.8 %)
(75,316)(2.0 %)
——
(75,316)(1.3 %)As Adjusted$ 1,118,14037.4 %
$ 417,14194.9 %
$ 1,535,28144.8 %
$ 308,24115.8 %
$ 1,843,52234.3 %
$ 1,186,00635.3 %
$ 440,16790.3 %
$ 1,626,17342.3 %
$ 304,26715.6 %
$ 1,930,44033.3 %
(1)Changes in the Company's employee deferred compensation plan obligations related to talent solutions operations are included in selling, general and administrative expenses, while the related investment income is presented separately. The non-GAAP financial adjustments shown in the table above are to reclassify investment income from investments held in employee deferred compensation trusts to the same line item that includes the corresponding change in obligation. These adjustments have no impact on income before income taxes. ROBERT HALF INCNON-GAAP FINANCIAL MEASURESADJUSTED OPERATING INCOME (UNAUDITED):(in thousands)
Three Months Ended December 31,
Relationships
Year Ended December 31,
Relationships
As Reported
As Adjusted
As Reported
As Adjusted
As Reported
As Adjusted
As Reported
As Adjusted
2025
2024
2025
2024
2025
2024
2025
2024
2025
2024
2025
2024
2025
2024
2025
2024Operating Income (Loss)
Contract talent solutions$ (7,570)
$ 12,371
$ 7,141
$ 16,410
(1.1 %)
1.6 %
1.0 %
2.1 %
$ (25,076)
$ 63,936
$ 48,621
$ 130,518
(0.8 %)
1.9 %
1.6 %
3.9 %Permanent placement talent solutions373
5,247
2,070
5,862
0.4 %
4.9 %
2.0 %
5.4 %
12,931
37,318
21,564
46,052
2.9 %
7.7 %
4.9 %
9.5 %Total talent solutions(7,197)
17,618
9,211
22,272
(0.9 %)
2.0 %
1.1 %
2.5 %
(12,145)
101,254
70,185
176,570
(0.4 %)
2.6 %
2.0 %
4.6 %Protiviti29,648
46,850
34,228
47,936
6.2 %
9.6 %
7.1 %
9.8 %
88,606
140,220
112,368
158,983
4.5 %
7.2 %
5.8 %
8.1 %Total$ 22,451
$ 64,468
$ 43,439
$ 70,208
1.7 %
4.7 %
3.3 %
5.1 %
$ 76,461
$ 241,474
$ 182,553
$ 335,553
1.4 %
4.2 %
3.4 %
5.8 %The following tables provide reconciliations of the non-GAAP adjusted operating income to reported operating income (loss) for the three months ended December 31, 2025 and 2024:
Three Months Ended December 31, 2025
Three Months Ended December 31, 2024
Contract talentsolutions
Permanent
placement talent
solutions
Total talent
solutions
Protiviti
Total
Contract talentsolutions
Permanent
placement talent
solutions
Total talent
solutions
Protiviti
Total
$% of
Revenue
$% of
Revenue
$% of
Revenue
$% of
Revenue
$% of
Revenue
$% of
Revenue
$% of
Revenue
$% of
Revenue
$% of
Revenue
$% of
RevenueOperating Income (Loss)
As Reported$ (7,570)(1.1 %)
$ 3730.4 %
$ (7,197)(0.9 %)
$ 29,6486.2 %
$ 22,4511.7 %
$ 12,3711.6 %
$ 5,2474.9 %
$ 17,6182.0 %
$ 46,8509.6 %
$ 64,4684.7 %Adjustments (1)14,7112.1 %
1,6971.6 %
16,4082.0 %
4,5800.9 %
20,9881.6 %
4,0390.5 %
6150.5 %
4,6540.5 %
1,0860.2 %
5,7400.4 %As Adjusted$ 7,1411.0 %
$ 2,0702.0 %
$ 9,2111.1 %
$ 34,2287.1 %
$ 43,4393.3 %
$ 16,4102.1 %
$ 5,8625.4 %
$ 22,2722.5 %
$ 47,9369.8 %
$ 70,2085.1 %The following tables provide reconciliations of the non-GAAP adjusted operating income to reported operating income (loss) for the years ended December 31, 2025 and 2024:
Year Ended December 31, 2025
Year Ended December 31, 2024
Contract talentsolutions
Permanent
placement talent
solutions
Total talent
solutions
Protiviti
Total
Contract talentsolutions
Permanent
placement talent
solutions
Total talent
solutions
Protiviti
Total
$% of
Revenue
$% of
Revenue
$% of
Revenue
$% of
Revenue
$% of
Revenue
$% of
Revenue
$% of
Revenue
$% of
Revenue
$% of
Revenue
$% of
RevenueOperating Income (Loss)
As Reported$ (25,076)(0.8 %)
$ 12,9312.9 %
$ (12,145)(0.4 %)
$ 88,6064.5 %
$ 76,4611.4 %
$ 63,9361.9 %
$ 37,3187.7 %
$ 101,2542.6 %
$ 140,2207.2 %
$ 241,4744.2 %Adjustments (1)73,6972.4 %
8,6332.0 %
82,3302.4 %
23,7621.3 %
106,0922.0 %
66,5822.0 %
8,7341.8 %
75,3162.0 %
18,7630.9 %
94,0791.6 %As Adjusted$ 48,6211.6 %
$ 21,5644.9 %
$ 70,1852.0 %
$ 112,3685.8 %
$ 182,5533.4 %
$ 130,5183.9 %
$ 46,0529.5 %
$ 176,5704.6 %
$ 158,9838.1 %
$ 335,5535.8 %
(1)Changes in the Company's employee deferred compensation plan obligations related to talent solutions operations are included in operating income (loss). The non-GAAP financial adjustments shown in the table above are to reclassify investment income from investments held in employee deferred compensation trusts to the same line item that includes the corresponding change in obligation. These adjustments have no impact on income before income taxes. ROBERT HALF INCNON-GAAP FINANCIAL MEASURESREVENUE GROWTH RATES (%) (UNAUDITED):
Year-Over-Year Growth Rates(As Reported)
Non-GAAP Year-Over-Year Growth Rates(As Adjusted)
2024
2025
2024
2025
Q3
Q4
Q1
Q2
Q3
Q4
Q3
Q4
Q1
Q2
Q3
Q4Global
Finance and accounting
-9.2
-9.5
-12.3
-10.8
-9.9
-6.9
-10.5
-9.8
-10.0
-10.8
-10.7
-7.8Administrative and customer support
-9.2
-8.8
-17.2
-13.0
-11.1
-11.4
-10.8
-9.4
-15.2
-13.3
-12.1
-12.5Technology
-6.1
-3.5
-3.4
0.3
-1.5
-1.0
-7.6
-4.1
-1.3
0.4
-1.9
-1.2Elimination of intersegment revenues (1)
21.6
18.9
4.5
2.9
1.1
3.0
19.4
17.8
6.8
2.5
0.2
2.2Total contract talent solutions
-11.9
-11.5
-14.0
-11.1
-10.1
-8.2
-13.2
-11.8
-11.8
-11.1
-10.9
-9.0Permanent placement talent solutions
-11.9
-11.1
-10.2
-12.5
-10.7
-5.1
-13.2
-11.4
-7.8
-12.6
-11.4
-5.9Total talent solutions
-11.9
-11.4
-13.5
-11.3
-10.2
-7.9
-13.2
-11.7
-11.3
-11.3
-11.0
-8.6Protiviti
6.4
5.3
2.7
1.8
-2.6
-2.0
4.5
4.5
4.7
1.5
-3.4
-2.8Total
-6.3
-6.1
-8.4
-7.0
-7.5
-5.8
-7.7
-6.6
-6.2
-7.1
-8.3
-6.6
United States
Contract talent solutions
-12.4
-10.3
-11.8
-10.7
-10.3
-9.5
-13.7
-11.2
-10.7
-10.7
-10.4
-9.2Permanent placement talent solutions
-9.0
-9.6
-8.5
-13.2
-11.3
-5.8
-10.4
-10.4
-7.3
-13.2
-11.4
-5.5Total talent solutions
-12.0
-10.2
-11.4
-11.0
-10.4
-9.0
-13.3
-11.1
-10.3
-11.0
-10.5
-8.8Protiviti
9.3
6.6
2.3
-0.7
-5.5
-5.9
7.6
5.6
3.6
-0.7
-5.6
-5.6Total
-5.2
-4.7
-6.9
-7.4
-8.6
-7.9
-6.7
-5.7
-5.7
-7.4
-8.7
-7.6
International
Contract talent solutions
-10.6
-15.2
-20.7
-12.5
-9.7
-4.0
-11.7
-13.9
-16.2
-12.9
-12.4
-8.7Permanent placement talent solutions
-18.6
-14.7
-14.5
-10.6
-9.0
-3.5
-19.8
-13.7
-10.1
-11.2
-11.2
-7.0Total talent solutions
-11.9
-15.1
-19.8
-12.2
-9.6
-3.9
-13.0
-13.9
-15.3
-12.6
-12.2
-8.4Protiviti
-5.6
0.2
4.4
13.1
11.1
14.7
-8.1
-0.4
7.9
10.7
7.5
9.1Total
-10.2
-10.9
-13.6
-5.3
-3.8
1.8
-11.7
-10.2
-9.4
-6.3
-6.7
-3.0
(1)Service revenues for finance and accounting, administrative and customer support, and technology include intersegment revenues, which represent revenues from services provided to Protiviti in connection with the Company's blended business solutions. Intersegment revenues for each functional specialization are aggregated and then eliminated as a single line item.The non-GAAP financial measures included in the table above adjust for the following items:Billing Days. The "As Reported" revenue growth rates are based upon reported revenues. Management calculates the billing day impact by dividing each comparative period's reported revenues by the number of billing days for that period to arrive at a per billing day amount. Same billing day growth rates are then calculated based on the per billing day amounts. Management calculates a global, weighted-average number of billing days for each reporting period based upon input from all countries and all functional specializations and segments.Foreign Currency Translation. The "As Reported" revenue growth rates are based upon reported revenues, which include the impact of changes in foreign currency exchange rates. The foreign currency impact is calculated by retranslating current-period international revenues, using foreign currency exchange rates from the prior year's comparable period.The term "As Adjusted" means that the impact of different billing days and constant currency fluctuations are removed from the revenue growth rate calculation. A reconciliation of the non-GAAP year-over-year revenue growth rates to the "As Reported" year-over-year revenue growth rates is included herein, on Pages 10-12.ROBERT HALF INCNON-GAAP FINANCIAL MEASURESREVENUE GROWTH RATE (%) RECONCILIATION (UNAUDITED): Year-Over-Year Revenue Growth – GLOBAL
Q3 2024
Q4 2024
Q1 2025
Q2 2025
Q3 2025
Q4 2025Finance and accounting
As Reported
-9.2
-9.5
-12.3
-10.8
-9.9
-6.9Billing Days Impact
-1.5
-0.8
1.3
0.4
-0.2
0.3Currency Impact
0.2
0.5
1.0
-0.4
-0.6
-1.2As Adjusted
-10.5
-9.8
-10.0
-10.8
-10.7
-7.8
Administrative and customer support
As Reported
-9.2
-8.8
-17.2
-13.0
-11.1
-11.4Billing Days Impact
-1.5
-0.8
1.3
0.4
0.0
0.3Currency Impact
-0.1
0.2
0.7
-0.7
-1.0
-1.4As Adjusted
-10.8
-9.4
-15.2
-13.3
-12.1
-12.5
Technology
As Reported
-6.1
-3.5
-3.4
0.3
-1.5
-1.0Billing Days Impact
-1.5
-0.7
1.4
0.5
-0.1
0.3Currency Impact
0.0
0.1
0.7
-0.4
-0.3
-0.5As Adjusted
-7.6
-4.1
-1.3
0.4
-1.9
-1.2
Elimination of intersegment revenues
As Reported
21.6
18.9
4.5
2.9
1.1
3.0Billing Days Impact
-1.9
-1.0
1.6
0.5
-0.1
0.4Currency Impact
-0.3
-0.1
0.7
-0.9
-0.8
-1.2As Adjusted
19.4
17.8
6.8
2.5
0.2
2.2
Total contract talent solutions
As Reported
-11.9
-11.5
-14.0
-11.1
-10.1
-8.2Billing Days Impact
-1.4
-0.7
1.3
0.4
-0.2
0.3Currency Impact
0.1
0.4
0.9
-0.4
-0.6
-1.1As Adjusted
-13.2
-11.8
-11.8
-11.1
-10.9
-9.0
Permanent placement talent solutions
As Reported
-11.9
-11.1
-10.2
-12.5
-10.7
-5.1Billing Days Impact
-1.4
-0.7
1.3
0.5
-0.1
0.3Currency Impact
0.1
0.4
1.1
-0.6
-0.6
-1.1As Adjusted
-13.2
-11.4
-7.8
-12.6
-11.4
-5.9
Total talent solutions
As Reported
-11.9
-11.4
-13.5
-11.3
-10.2
-7.9Billing Days Impact
-1.4
-0.7
1.2
0.4
-0.2
0.4Currency Impact
0.1
0.4
1.0
-0.4
-0.6
-1.1As Adjusted
-13.2
-11.7
-11.3
-11.3
-11.0
-8.6
Protiviti
As Reported
6.4
5.3
2.7
1.8
-2.6
-2.0Billing Days Impact
-1.7
-0.8
1.5
0.4
-0.2
0.3Currency Impact
-0.2
0.0
0.5
-0.7
-0.6
-1.1As Adjusted
4.5
4.5
4.7
1.5
-3.4
-2.8
Total
As Reported
-6.3
-6.1
-8.4
-7.0
-7.5
-5.8Billing Days Impact
-1.4
-0.8
1.4
0.4
-0.2
0.3Currency Impact
0.0
0.3
0.8
-0.5
-0.6
-1.1As Adjusted
-7.7
-6.6
-6.2
-7.1
-8.3
-6.6 ROBERT HALF INCNON-GAAP FINANCIAL MEASURESREVENUE GROWTH RATE (%) RECONCILIATION (UNAUDITED): Year-Over-Year Revenue Growth – UNITED STATES
Q3 2024
Q4 2024
Q1 2025
Q2 2025
Q3 2025
Q4 2025Contract talent solutions
As Reported
-12.4
-10.3
-11.8
-10.7
-10.3
-9.5Billing Days Impact
-1.3
-0.9
1.1
0.0
-0.1
0.3Currency Impact
?
?
?
?
?
?As Adjusted
-13.7
-11.2
-10.7
-10.7
-10.4
-9.2
Permanent placement talent solutions
As Reported
-9.0
-9.6
-8.5
-13.2
-11.3
-5.8Billing Days Impact
-1.4
-0.8
1.2
0.0
-0.1
0.3Currency Impact
?
?
?
?
?
?As Adjusted
-10.4
-10.4
-7.3
-13.2
-11.4
-5.5
Total talent solutions
As Reported
-12.0
-10.2
-11.4
-11.0
-10.4
-9.0Billing Days Impact
-1.3
-0.9
1.1
0.0
-0.1
0.2Currency Impact
?
?
?
?
?
?As Adjusted
-13.3
-11.1
-10.3
-11.0
-10.5
-8.8
Protiviti
As Reported
9.3
6.6
2.3
-0.7
-5.5
-5.9Billing Days Impact
-1.7
-1.0
1.3
0.0
-0.1
0.3Currency Impact
?
?
?
?
?
?As Adjusted
7.6
5.6
3.6
-0.7
-5.6
-5.6
Total
As Reported
-5.2
-4.7
-6.9
-7.4
-8.6
-7.9Billing Days Impact
-1.5
-1.0
1.2
0.0
-0.1
0.3Currency Impact
?
?
?
?
?
?As Adjusted
-6.7
-5.7
-5.7
-7.4
-8.7
-7.6 ROBERT HALF INC.NON-GAAP FINANCIAL MEASURESREVENUE GROWTH RATE (%) RECONCILIATION (UNAUDITED): Year-Over-Year Revenue Growth – INTERNATIONAL
Q3 2024
Q4 2024
Q1 2025
Q2 2025
Q3 2025
Q4 2025Contract talent solutions
As Reported
-10.6
-15.2
-20.7
-12.5
-9.7
-4.0Billing Days Impact
-1.6
-0.4
0.6
1.4
0.0
0.1Currency Impact
0.5
1.7
3.9
-1.8
-2.7
-4.8As Adjusted
-11.7
-13.9
-16.2
-12.9
-12.4
-8.7
Permanent placement talent solutions
As Reported
-18.6
-14.7
-14.5
-10.6
-9.0
-3.5Billing Days Impact
-1.6
-0.4
0.6
1.4
0.0
0.2Currency Impact
0.4
1.4
3.8
-2.0
-2.2
-3.7As Adjusted
-19.8
-13.7
-10.1
-11.2
-11.2
-7.0
Total talent solutions
As Reported
-11.9
-15.1
-19.8
-12.2
-9.6
-3.9Billing Days Impact
-1.6
-0.5
0.6
1.4
0.0
0.1Currency Impact
0.5
1.7
3.9
-1.8
-2.6
-4.6As Adjusted
-13.0
-13.9
-15.3
-12.6
-12.2
-8.4
Protiviti
As Reported
-5.6
0.2
4.4
13.1
11.1
14.7Billing Days Impact
-1.7
-0.4
0.7
1.7
0.0
0.1Currency Impact
-0.8
-0.2
2.8
-4.1
-3.6
-5.7As Adjusted
-8.1
-0.4
7.9
10.7
7.5
9.1
Total
As Reported
-10.2
-10.9
-13.6
-5.3
-3.8
1.8Billing Days Impact
-1.6
-0.5
0.6
1.5
0.0
0.2Currency Impact
0.1
1.2
3.6
-2.5
-2.9
-5.0As Adjusted
-11.7
-10.2
-9.4
-6.3
-6.7
-3.0
View original content to download multimedia:https://www.prnewswire.com/news-releases/robert-half-reports-fourth-quarter-financial-results-302674479.htmlSOURCE Robert Half
Original: ROBERT HALF REPORTS FOURTH-QUARTER FINANCIAL RESULTS
US Market News
5月前
ROBERT HALF REPORTS FOURTH-QUARTER FINANCIAL RESULTSJanuary 29, 2026 4:05 PM
PR Newswire (Canada)
MENLO PARK, Calif., Jan. 29, 2026 /CNW/ -- Robert Half Inc. (NYSE: RHI) today reported revenues and earnings for the fourth quarter ended December 31, 2025.
For the three months ended December 31, 2025, net income was $32 million, or $0.32 per share, on revenues of $1.302 billion. For the three months ended December 31, 2024, net income was $54 million, or $0.53 per share, on revenues of $1.382 billion.For the year ended December 31, 2025, net income was $133 million, or $1.33 per share, on revenues of $5.379 billion. For the year ended December 31, 2024, net income was $252 million, or $2.44 per share, on revenues of $5.796 billion."For the fourth quarter of 2025, global enterprise revenues were $1.302 billion, down 6 percent from last year's fourth quarter on a reported basis and down 7 percent on an adjusted basis," said M. Keith Waddell, president and chief executive officer at Robert Half. "We are very pleased to see talent solutions and enterprise revenues return to positive sequential growth on a same-day constant currency basis for the first time in over three years. Weekly revenue trends during the quarter continued to show positive momentum, which extended into the first three weeks of January. Our revenues and earnings exceeded the midpoint of our previous fourth-quarter guidance."We thank our global workforce for their continued dedication, which once again earned Robert Half recognition by Fortune® as one of the World's Most Admired Companies™. We are proud of our unique position as the only company in our industry to be awarded this distinction for nearly three decades. We were also recognized as one of Forbes' World's Top Companies for Women and chosen by Newsweek as one of America's Most Responsible Companies," Waddell concluded.Robert Half management will conduct a conference call today at 5 p.m. EST. The prepared remarks for this call are available now in the Investor Center of the Robert Half website (www.roberthalf.com/investor-center). Simply click on the Quarterly Conference Calls link. The dial-in number is 800-330-6710 (+1-213-279-1505 outside the United States and Canada). The confirmation code to access the call is 3700616.A recording of this call will be available for audio replay beginning at approximately 8 p.m. EST on January 29 and ending after 12 months. To access the replay, visit https://webcasts.com/RobertHalfQ42025. The conference call also will be archived in audio format on the Company's website at roberthalf.com.Robert Half is the world's first and largest specialized talent solutions and business consulting firm, connecting highly skilled job seekers with rewarding opportunities at great companies. We offer contract talent and permanent placement solutions in the fields of finance and accounting, technology, marketing and creative, legal, and administrative and customer support, and we also provide executive search services. Robert Half is the parent company of Protiviti®, a global consulting firm that delivers internal audit, risk, business and technology consulting solutions. In the last 12 months, Robert Half has been recognized as one of America's Most Innovative Companies by Fortune and, with Protiviti, has been named as a Fortune® World's Most Admired Company™ and one of the 100 Best Companies to Work For.Certain information contained in Management's Discussion and Analysis and in other parts of this report may be deemed forward-looking statements regarding events and financial trends that may affect the future operating results or financial positions of Robert Half Inc. (the "Company"). Forward-looking statements are not guarantees or promises that goals or targets will be met. These statements may be identified by words such as "anticipate," "potential," "estimate," "forecast," "target," "project," "plan," "intend," "believe," "expect," "should," "could," "would," "may," "might," "will," or variations or negatives thereof or by similar or comparable words or phrases. In addition, historical, current and forward-looking information about the Company's corporate responsibility and compliance programs, including targets or goals, may not be considered material for the Securities and Exchange Commission ("SEC") or other mandatory reporting purposes and may be based on standards for measuring progress that are still developing; on internal controls, diligence or processes that are evolving; on representations reviewed or provided by third parties; and on assumptions that are subject to change in the future. Forward-looking statements are estimates only and are based on management's current expectations, currently available information and current strategy, plans or forecasts, and involve certain known and unknown risks, uncertainties and assumptions that are difficult to predict, often beyond our control and are inherently uncertain. Forward-looking statements are subject to risks and uncertainties that could cause actual results and outcomes, or the timing of these results or outcomes, to differ materially from those expressed or implied in the statements.These risks and uncertainties include, but are not limited to, the following: changes to or new interpretations of United States of America ("U.S.") or international tax regulations; the global financial and economic situation; changes in levels of unemployment and other economic conditions in the U.S. or foreign countries where the Company does business, or in particular regions or industries; reduction in the supply of candidates for contract employment or the Company's ability to attract candidates; the development, proliferation and adoption of artificial intelligence ("AI") by the Company and the third parties it serves; the entry of new competitors into the marketplace or expansion by existing competitors; the ability of the Company to maintain existing client relationships and attract new clients in the context of changing economic or competitive conditions; the impact of competitive pressures, including any change in the demand for the Company's services, or the Company's ability to maintain its margins; the possibility of the Company incurring liability for its activities, including the activities of its engagement professionals, or for events impacting its engagement professionals on clients' premises; the possibility that adverse publicity could impact the Company's ability to attract and retain clients and candidates; the success of the Company in attracting, training and retaining qualified management personnel and other staff employees; the Company's ability to comply with governmental regulations affecting personnel services businesses in particular or employer/employee relationships in general; whether there will be ongoing demand for Sarbanes-Oxley or other regulatory compliance services; the Company's reliance on short-term contracts for a significant percentage of its business; litigation relating to prior or current transactions or activities, including litigation that may be disclosed from time to time in the Company's SEC filings; the impact of extreme weather conditions on the Company and its candidates and clients; the ability of the Company to manage its international operations and comply with foreign laws and regulations; the impact of fluctuations in foreign currency exchange rates; the possibility that the additional costs the Company will incur as a result of health care or other reform legislation may adversely affect the Company's profit margins or the demand for the Company's services; the possibility that the Company's computer and communications hardware and software systems could be damaged or their service interrupted or that the Company could experience a cybersecurity breach; and the possibility that the Company may fail to maintain adequate financial and management controls, and as a result suffer errors in its financial reporting.Additionally, with respect to Protiviti, other risks and uncertainties include the facts that future success will depend on its ability to retain employees and attract clients; there can be no assurance that there will be ongoing demand for broad-based consulting, regulatory compliance, technology services, public sector or other high-demand advisory services; failure to produce projected revenues could adversely affect financial results; and there is the possibility of involvement in litigation relating to prior or current transactions or activities.A summary of additional risks and uncertainties can be found in the Annual Report on Form 10-K for the year ended December 31, 2024, and in the Company's other filings with the U.S. Securities and Exchange Commission.Because long-term contracts are not a significant part of the Company's business, future results cannot be reliably predicted by considering past trends or extrapolating past results. Except as required by law, the Company undertakes no obligation to update information in this report, whether as a result of new information, future events, or otherwise, and notwithstanding any historical practice of doing so.A copy of this release is available at www.roberthalf.com/investor-center. ATTACHED:
Summary of Operations Supplemental Financial Information Non-GAAP Financial Measures
ROBERT HALF INCSUMMARY OF OPERATIONS(in thousands, except per share amounts)
Three Months Ended
December 31,
Year Ended
December 31,
2025
2024
2025
2024
(Unaudited)
(Unaudited)
Service revenues$ 1,302,379
$ 1,382,372
$ 5,378,506
$ 5,795,837Costs of services812,816
846,274
3,376,193
3,548,607
Gross margin489,563
536,098
2,002,313
2,247,230
Selling, general and administrative expenses467,112
471,630
1,925,852
2,005,756Operating income22,451
64,468
76,461
241,474Income from investments held in employee deferred compensation trusts (which is completely offset by related costs and expenses)(20,988)
(5,740)
(106,092)
(94,079)Interest income, net(3,478)
(5,128)
(11,799)
(22,118)Income before income taxes46,917
75,336
194,352
357,671Provision for income taxes15,161
21,046
61,362
106,073
Net income$ 31,756
$ 54,290
$ 132,990
$ 251,598
Diluted net income per share$ 0.32
$ 0.53
$ 1.33
$ 2.44
Weighted average shares:
Basic99,508
101,549
100,116
102,661Diluted99,669
102,008
100,312
103,028 ROBERT HALF INCSUPPLEMENTAL FINANCIAL INFORMATION(in thousands)
Three Months Ended
December 31,
Year Ended
December 31,
2025
2024
2025
2024
(Unaudited)
(Unaudited)
SERVICE REVENUES INFORMATION
Contract talent solutions
Finance and accounting$ 535,229
$ 574,898
$ 2,207,152
$ 2,454,119Administrative and customer support153,032
172,783
642,939
741,468Technology156,383
158,009
625,179
634,062Elimination of intersegment revenues (1)(123,797)
(120,176)
(485,187)
(471,777)Total contract talent solutions720,847
785,514
2,990,083
3,357,872Permanent placement talent solutions102,571
108,099
439,500
487,204Protiviti478,961
488,759
1,948,923
1,950,761Total service revenues$ 1,302,379
$ 1,382,372
$ 5,378,506
$ 5,795,837
(1)Service revenues for finance and accounting, administrative and customer support, and technology include intersegment revenues, which represent revenues from services provided to the Company's Protiviti segment in connection with the Company's blended business solutions. Intersegment revenues for each functional specialization are aggregated and then eliminated as a single line.
December 31,
2025
2024
(Unaudited)
SELECTED BALANCE SHEET INFORMATION:
Cash and cash equivalents
$ 464,435
$ 537,583Accounts receivable, net
$ 748,457
$ 772,285Total assets
$ 2,856,276
$ 2,854,405Total current liabilities
$ 1,384,506
$ 1,285,739Total stockholders' equity
$ 1,275,857
$ 1,378,003
Year Ended
December 31,
2025
2024
(Unaudited)
SELECTED CASH FLOW INFORMATION:
Depreciation
$ 50,031
$ 52,053Capitalized cloud computing implementation costs
$ 28,522
$ 29,210Capital expenditures
$ 53,155
$ 56,318Open market repurchases of common stock (shares)
1,702
3,507ROBERT HALF INC.
NON-GAAP FINANCIAL MEASURESThe financial results of Robert Half Inc. (the "Company") are prepared in conformity with accounting principles generally accepted in the United States of America ("GAAP") and the rules of the SEC. To help readers understand the Company's financial performance, the Company supplements its GAAP financial results with the following non-GAAP measures: adjusted gross margin; adjusted selling, general and administrative expenses; adjusted operating income; and adjusted revenue growth rates.The following measures: adjusted gross margin, adjusted selling, general and administrative expenses and adjusted operating income, include gains and losses on investments held to fund the Company's obligations under employee deferred compensation plans. The Company provides these measures because they are used by management to review its operational results.Adjusted revenue growth rates represent year-over-year revenue growth rates after removing the impacts on reported revenues from the changes in the number of billing days and foreign currency exchange rates. The Company provides this data because it focuses on the Company's revenue growth rates attributable to operating activities and aids in evaluating revenue trends over time. The impacts from the changes in billing days and foreign currency exchange rates are calculated as follows:Billing days impact is calculated by dividing each comparative period's reported revenues by the number of billing days for that period to arrive at a per billing day amount. Same billing day growth rates are then calculated based on the per billing day amounts. Management calculates a global, weighted-average number of billing days for each reporting period based upon inputs from all countries and all functional specializations and segments.Foreign currency impact is calculated by retranslating current-period international revenues, using foreign currency exchange rates from the prior year's comparable period.The non-GAAP financial measures provided herein may not provide information that is directly comparable to that provided by other companies in the Company's industry, as other companies may calculate such financial results differently. The Company's non-GAAP financial measures are not measurements of financial performance under GAAP and should not be considered as alternatives to amounts presented in accordance with GAAP. The Company does not consider these non-GAAP financial measures to be a substitute for, or superior to, the information provided by GAAP financial results. A reconciliation of the non-GAAP financial measures to the most directly comparable GAAP financial measures is provided on the following pages. ROBERT HALF INCNON-GAAP FINANCIAL MEASURESADJUSTED GROSS MARGIN (UNAUDITED):(in thousands)
Three Months Ended December 31,
Relationships
Year Ended December 31,
Relationships
As Reported
As Adjusted
As Reported
As Adjusted
As Reported
As Adjusted
As Reported
As Adjusted
2025
2024
2025
2024
2025
2024
2025
2024
2025
2024
2025
2024
2025
2024
2025
2024Gross Margin
Contract talent solutions$ 282,340
$ 306,758
$ 282,340
$ 306,758
39.2 %
39.1 %
39.2 %
39.1 %
$ 1,166,761
$ 1,316,524
$ 1,166,761
$ 1,316,524
39.0 %
39.2 %
39.0 %
39.2 %Permanent placement talent solutions102,390
107,866
102,390
107,866
99.8 %
99.8 %
99.8 %
99.8 %
438,705
486,219
438,705
486,219
99.8 %
99.8 %
99.8 %
99.8 %Total talent solutions384,730
414,624
384,730
414,624
46.7 %
46.4 %
46.7 %
46.4 %
1,605,466
1,802,743
1,605,466
1,802,743
46.8 %
46.9 %
46.8 %
46.9 %Protiviti104,833
121,474
109,413
122,560
21.9 %
24.9 %
22.8 %
25.1 %
396,847
444,487
420,609
463,250
20.4 %
22.8 %
21.6 %
23.7 %Total$ 489,563
$ 536,098
$ 494,143
$ 537,184
37.6 %
38.8 %
37.9 %
38.9 %
$ 2,002,313
$ 2,247,230
$ 2,026,075
$ 2,265,993
37.2 %
38.8 %
37.7 %
39.1 %The following tables provide reconciliations of the non-GAAP adjusted gross margin to reported gross margin for the three months ended December 31, 2025 and 2024:
Three Months Ended December 31, 2025
Three Months Ended December 31, 2024
Contract talentsolutions
Permanent
placement talent
solutions
Total talent
solutions
Protiviti
Total
Contract talentsolutions
Permanent
placement talent
solutions
Total talent
solutions
Protiviti
Total
$% of
Revenue
$% of
Revenue
$% of
Revenue
$% of
Revenue
$% of
Revenue
$% of
Revenue
$% of
Revenue
$% of
Revenue
$% of
Revenue
$% of
RevenueGross Margin
As Reported$ 282,34039.2 %
$ 102,39099.8 %
$ 384,73046.7 %
$ 104,83321.9 %
$ 489,56337.6 %
$ 306,75839.1 %
$ 107,86699.8 %
$ 414,62446.4 %
$ 121,47424.9 %
$ 536,09838.8 %Adjustments (1)——
——
——
4,5800.9 %
4,5800.3 %
——
——
——
1,0860.2 %
1,0860.1 %As Adjusted$ 282,34039.2 %
$ 102,39099.8 %
$ 384,73046.7 %
$ 109,41322.8 %
$ 494,14337.9 %
$ 306,75839.1 %
$ 107,86699.8 %
$ 414,62446.4 %
$ 122,56025.1 %
$ 537,18438.9 %The following tables provide reconciliations of the non-GAAP adjusted gross margin to reported gross margin for the years ended December 31, 2025 and 2024:
Year Ended December 31, 2025
Year Ended December 31, 2024
Contract talentsolutions
Permanent
placement talent
solutions
Total talent
solutions
Protiviti
Total
Contract talentsolutions
Permanent
placement talent
solutions
Total talent
solutions
Protiviti
Total
$% of
Revenue
$% of
Revenue
$% of
Revenue
$% of
Revenue
$% of
Revenue
$% of
Revenue
$% of
Revenue
$% of
Revenue
$% of
Revenue
$% of
RevenueGross Margin
As Reported$ 1,166,76139.0 %
$ 438,70599.8 %
$ 1,605,46646.8 %
$ 396,84720.4 %
$ 2,002,31337.2 %
$ 1,316,52439.2 %
$ 486,21999.8 %
$ 1,802,74346.9 %
$ 444,48722.8 %
$ 2,247,23038.8 %Adjustments (1)——
——
——
23,7621.2 %
23,7620.5 %
——
——
——
18,7630.9 %
18,7630.3 %As Adjusted$ 1,166,76139.0 %
$ 438,70599.8 %
$ 1,605,46646.8 %
$ 420,60921.6 %
$ 2,026,07537.7 %
$ 1,316,52439.2 %
$ 486,21999.8 %
$ 1,802,74346.9 %
$ 463,25023.7 %
$ 2,265,99339.1 %
(1)Changes in the Company's employee deferred compensation plan obligations related to Protiviti operations are included in costs of services, while the related investment income is presented separately. The non-GAAP financial adjustments shown in the table above are to reclassify investment income from investments held in employee deferred compensation trusts to the same line item that includes the corresponding change in obligation. These adjustments have no impact on income before income taxes. ROBERT HALF INCNON-GAAP FINANCIAL MEASURESADJUSTED SELLING, GENERAL AND ADMINISTRATIVE EXPENSES (UNAUDITED):(in thousands)
Three Months Ended December 31,
Relationships
Year Ended December 31,
Relationships
As Reported
As Adjusted
As Reported
As Adjusted
As Reported
As Adjusted
As Reported
As Adjusted
2025
2024
2025
2024
2025
2024
2025
2024
2025
2024
2025
2024
2025
2024
2025
2024Selling, General and Administrative Expenses
Contract talent solutions$ 289,910
$ 294,387
$ 275,199
$ 290,348
40.2 %
37.5 %
38.2 %
37.0 %
$ 1,191,837
$ 1,252,588
$ 1,118,140
$ 1,186,006
39.9 %
37.3 %
37.4 %
35.3 %Permanent placement talent solutions102,017
102,619
100,320
102,004
99.5 %
94.9 %
97.8 %
94.4 %
425,774
448,901
417,141
440,167
96.9 %
92.1 %
94.9 %
90.3 %Total talent solutions391,927
397,006
375,519
392,352
47.6 %
44.4 %
45.6 %
43.9 %
1,617,611
1,701,489
1,535,281
1,626,173
47.2 %
44.3 %
44.8 %
42.3 %Protiviti75,185
74,624
75,185
74,624
15.7 %
15.3 %
15.7 %
15.3 %
308,241
304,267
308,241
304,267
15.8 %
15.6 %
15.8 %
15.6 %Total$ 467,112
$ 471,630
$ 450,704
$ 466,976
35.9 %
34.1 %
34.6 %
33.8 %
$ 1,925,852
$ 2,005,756
$ 1,843,522
$ 1,930,440
35.8 %
34.6 %
34.3 %
33.3 %The following tables provide reconciliations of the non-GAAP adjusted selling, general and administrative expenses to reported selling, general and administrative expenses for the three months ended December 31, 2025 and 2024:
Three Months Ended December 31, 2025
Three Months Ended December 31, 2024
Contract talentsolutions
Permanent
placement talent
solutions
Total talent
solutions
Protiviti
Total
Contract talentsolutions
Permanent
placement talent
solutions
Total talent
solutions
Protiviti
Total
$% of
Revenue
$% of
Revenue
$% of
Revenue
$% of
Revenue
$% of
Revenue
$% of
Revenue
$% of
Revenue
$% of
Revenue
$% of
Revenue
$% of
RevenueSelling, General and Administrative Expenses
As Reported$ 289,91040.2 %
$ 102,01799.5 %
$ 391,92747.6 %
$ 75,18515.7 %
$ 467,11235.9 %
$ 294,38737.5 %
$ 102,61994.9 %
$ 397,00644.4 %
$ 74,62415.3 %
$ 471,63034.1 %Adjustments (1)(14,711)(2.0 %)
(1,697)(1.7 %)
(16,408)(2.0 %)
——
(16,408)(1.3 %)
(4,039)(0.5 %)
(615)(0.5 %)
(4,654)(0.5 %)
——
(4,654)(0.3 %)As Adjusted$ 275,19938.2 %
$ 100,32097.8 %
$ 375,51945.6 %
$ 75,18515.7 %
$ 450,70434.6 %
$ 290,34837.0 %
$ 102,00494.4 %
$ 392,35243.9 %
$ 74,62415.3 %
$ 466,97633.8 %The following tables provide reconciliations of the non-GAAP adjusted selling, general and administrative expenses to reported selling, general and administrative expenses for the years ended December 31, 2025 and 2024:
Year Ended December 31, 2025
Year Ended December 31, 2024
Contract talent
solutions
Permanent
placement talent
solutions
Total talent
solutions
Protiviti
Total
Contract talent
solutions
Permanent
placement talent
solutions
Total talent
solutions
Protiviti
Total
$% of
Revenue
$% of
Revenue
$% of
Revenue
$% of
Revenue
$% of
Revenue
$% of
Revenue
$% of
Revenue
$% of
Revenue
$% of
Revenue
$% of
RevenueSelling, General and Administrative Expenses
As Reported$ 1,191,83739.9 %
$ 425,77496.9 %
$ 1,617,61147.2 %
$ 308,24115.8 %
$ 1,925,85235.8 %
$ 1,252,58837.3 %
$ 448,90192.1 %
$ 1,701,48944.3 %
$ 304,26715.6 %
$ 2,005,75634.6 %Adjustments (1)(73,697)(2.5 %)
(8,633)(2.0 %)
(82,330)(2.4 %)
——
(82,330)(1.5 %)
(66,582)(2.0 %)
(8,734)(1.8 %)
(75,316)(2.0 %)
——
(75,316)(1.3 %)As Adjusted$ 1,118,14037.4 %
$ 417,14194.9 %
$ 1,535,28144.8 %
$ 308,24115.8 %
$ 1,843,52234.3 %
$ 1,186,00635.3 %
$ 440,16790.3 %
$ 1,626,17342.3 %
$ 304,26715.6 %
$ 1,930,44033.3 %
(1)Changes in the Company's employee deferred compensation plan obligations related to talent solutions operations are included in selling, general and administrative expenses, while the related investment income is presented separately. The non-GAAP financial adjustments shown in the table above are to reclassify investment income from investments held in employee deferred compensation trusts to the same line item that includes the corresponding change in obligation. These adjustments have no impact on income before income taxes. ROBERT HALF INCNON-GAAP FINANCIAL MEASURESADJUSTED OPERATING INCOME (UNAUDITED):(in thousands)
Three Months Ended December 31,
Relationships
Year Ended December 31,
Relationships
As Reported
As Adjusted
As Reported
As Adjusted
As Reported
As Adjusted
As Reported
As Adjusted
2025
2024
2025
2024
2025
2024
2025
2024
2025
2024
2025
2024
2025
2024
2025
2024Operating Income (Loss)
Contract talent solutions$ (7,570)
$ 12,371
$ 7,141
$ 16,410
(1.1 %)
1.6 %
1.0 %
2.1 %
$ (25,076)
$ 63,936
$ 48,621
$ 130,518
(0.8 %)
1.9 %
1.6 %
3.9 %Permanent placement talent solutions373
5,247
2,070
5,862
0.4 %
4.9 %
2.0 %
5.4 %
12,931
37,318
21,564
46,052
2.9 %
7.7 %
4.9 %
9.5 %Total talent solutions(7,197)
17,618
9,211
22,272
(0.9 %)
2.0 %
1.1 %
2.5 %
(12,145)
101,254
70,185
176,570
(0.4 %)
2.6 %
2.0 %
4.6 %Protiviti29,648
46,850
34,228
47,936
6.2 %
9.6 %
7.1 %
9.8 %
88,606
140,220
112,368
158,983
4.5 %
7.2 %
5.8 %
8.1 %Total$ 22,451
$ 64,468
$ 43,439
$ 70,208
1.7 %
4.7 %
3.3 %
5.1 %
$ 76,461
$ 241,474
$ 182,553
$ 335,553
1.4 %
4.2 %
3.4 %
5.8 %The following tables provide reconciliations of the non-GAAP adjusted operating income to reported operating income (loss) for the three months ended December 31, 2025 and 2024:
Three Months Ended December 31, 2025
Three Months Ended December 31, 2024
Contract talentsolutions
Permanent
placement talent
solutions
Total talent
solutions
Protiviti
Total
Contract talentsolutions
Permanent
placement talent
solutions
Total talent
solutions
Protiviti
Total
$% of
Revenue
$% of
Revenue
$% of
Revenue
$% of
Revenue
$% of
Revenue
$% of
Revenue
$% of
Revenue
$% of
Revenue
$% of
Revenue
$% of
RevenueOperating Income (Loss)
As Reported$ (7,570)(1.1 %)
$ 3730.4 %
$ (7,197)(0.9 %)
$ 29,6486.2 %
$ 22,4511.7 %
$ 12,3711.6 %
$ 5,2474.9 %
$ 17,6182.0 %
$ 46,8509.6 %
$ 64,4684.7 %Adjustments (1)14,7112.1 %
1,6971.6 %
16,4082.0 %
4,5800.9 %
20,9881.6 %
4,0390.5 %
6150.5 %
4,6540.5 %
1,0860.2 %
5,7400.4 %As Adjusted$ 7,1411.0 %
$ 2,0702.0 %
$ 9,2111.1 %
$ 34,2287.1 %
$ 43,4393.3 %
$ 16,4102.1 %
$ 5,8625.4 %
$ 22,2722.5 %
$ 47,9369.8 %
$ 70,2085.1 %The following tables provide reconciliations of the non-GAAP adjusted operating income to reported operating income (loss) for the years ended December 31, 2025 and 2024:
Year Ended December 31, 2025
Year Ended December 31, 2024
Contract talentsolutions
Permanent
placement talent
solutions
Total talent
solutions
Protiviti
Total
Contract talentsolutions
Permanent
placement talent
solutions
Total talent
solutions
Protiviti
Total
$% of
Revenue
$% of
Revenue
$% of
Revenue
$% of
Revenue
$% of
Revenue
$% of
Revenue
$% of
Revenue
$% of
Revenue
$% of
Revenue
$% of
RevenueOperating Income (Loss)
As Reported$ (25,076)(0.8 %)
$ 12,9312.9 %
$ (12,145)(0.4 %)
$ 88,6064.5 %
$ 76,4611.4 %
$ 63,9361.9 %
$ 37,3187.7 %
$ 101,2542.6 %
$ 140,2207.2 %
$ 241,4744.2 %Adjustments (1)73,6972.4 %
8,6332.0 %
82,3302.4 %
23,7621.3 %
106,0922.0 %
66,5822.0 %
8,7341.8 %
75,3162.0 %
18,7630.9 %
94,0791.6 %As Adjusted$ 48,6211.6 %
$ 21,5644.9 %
$ 70,1852.0 %
$ 112,3685.8 %
$ 182,5533.4 %
$ 130,5183.9 %
$ 46,0529.5 %
$ 176,5704.6 %
$ 158,9838.1 %
$ 335,5535.8 %
(1)Changes in the Company's employee deferred compensation plan obligations related to talent solutions operations are included in operating income (loss). The non-GAAP financial adjustments shown in the table above are to reclassify investment income from investments held in employee deferred compensation trusts to the same line item that includes the corresponding change in obligation. These adjustments have no impact on income before income taxes. ROBERT HALF INCNON-GAAP FINANCIAL MEASURESREVENUE GROWTH RATES (%) (UNAUDITED):
Year-Over-Year Growth Rates(As Reported)
Non-GAAP Year-Over-Year Growth Rates(As Adjusted)
2024
2025
2024
2025
Q3
Q4
Q1
Q2
Q3
Q4
Q3
Q4
Q1
Q2
Q3
Q4Global
Finance and accounting
-9.2
-9.5
-12.3
-10.8
-9.9
-6.9
-10.5
-9.8
-10.0
-10.8
-10.7
-7.8Administrative and customer support
-9.2
-8.8
-17.2
-13.0
-11.1
-11.4
-10.8
-9.4
-15.2
-13.3
-12.1
-12.5Technology
-6.1
-3.5
-3.4
0.3
-1.5
-1.0
-7.6
-4.1
-1.3
0.4
-1.9
-1.2Elimination of intersegment revenues (1)
21.6
18.9
4.5
2.9
1.1
3.0
19.4
17.8
6.8
2.5
0.2
2.2Total contract talent solutions
-11.9
-11.5
-14.0
-11.1
-10.1
-8.2
-13.2
-11.8
-11.8
-11.1
-10.9
-9.0Permanent placement talent solutions
-11.9
-11.1
-10.2
-12.5
-10.7
-5.1
-13.2
-11.4
-7.8
-12.6
-11.4
-5.9Total talent solutions
-11.9
-11.4
-13.5
-11.3
-10.2
-7.9
-13.2
-11.7
-11.3
-11.3
-11.0
-8.6Protiviti
6.4
5.3
2.7
1.8
-2.6
-2.0
4.5
4.5
4.7
1.5
-3.4
-2.8Total
-6.3
-6.1
-8.4
-7.0
-7.5
-5.8
-7.7
-6.6
-6.2
-7.1
-8.3
-6.6
United States
Contract talent solutions
-12.4
-10.3
-11.8
-10.7
-10.3
-9.5
-13.7
-11.2
-10.7
-10.7
-10.4
-9.2Permanent placement talent solutions
-9.0
-9.6
-8.5
-13.2
-11.3
-5.8
-10.4
-10.4
-7.3
-13.2
-11.4
-5.5Total talent solutions
-12.0
-10.2
-11.4
-11.0
-10.4
-9.0
-13.3
-11.1
-10.3
-11.0
-10.5
-8.8Protiviti
9.3
6.6
2.3
-0.7
-5.5
-5.9
7.6
5.6
3.6
-0.7
-5.6
-5.6Total
-5.2
-4.7
-6.9
-7.4
-8.6
-7.9
-6.7
-5.7
-5.7
-7.4
-8.7
-7.6
International
Contract talent solutions
-10.6
-15.2
-20.7
-12.5
-9.7
-4.0
-11.7
-13.9
-16.2
-12.9
-12.4
-8.7Permanent placement talent solutions
-18.6
-14.7
-14.5
-10.6
-9.0
-3.5
-19.8
-13.7
-10.1
-11.2
-11.2
-7.0Total talent solutions
-11.9
-15.1
-19.8
-12.2
-9.6
-3.9
-13.0
-13.9
-15.3
-12.6
-12.2
-8.4Protiviti
-5.6
0.2
4.4
13.1
11.1
14.7
-8.1
-0.4
7.9
10.7
7.5
9.1Total
-10.2
-10.9
-13.6
-5.3
-3.8
1.8
-11.7
-10.2
-9.4
-6.3
-6.7
-3.0
(1)Service revenues for finance and accounting, administrative and customer support, and technology include intersegment revenues, which represent revenues from services provided to Protiviti in connection with the Company's blended business solutions. Intersegment revenues for each functional specialization are aggregated and then eliminated as a single line item.The non-GAAP financial measures included in the table above adjust for the following items:Billing Days. The "As Reported" revenue growth rates are based upon reported revenues. Management calculates the billing day impact by dividing each comparative period's reported revenues by the number of billing days for that period to arrive at a per billing day amount. Same billing day growth rates are then calculated based on the per billing day amounts. Management calculates a global, weighted-average number of billing days for each reporting period based upon input from all countries and all functional specializations and segments.Foreign Currency Translation. The "As Reported" revenue growth rates are based upon reported revenues, which include the impact of changes in foreign currency exchange rates. The foreign currency impact is calculated by retranslating current-period international revenues, using foreign currency exchange rates from the prior year's comparable period.The term "As Adjusted" means that the impact of different billing days and constant currency fluctuations are removed from the revenue growth rate calculation. A reconciliation of the non-GAAP year-over-year revenue growth rates to the "As Reported" year-over-year revenue growth rates is included herein, on Pages 10-12.ROBERT HALF INCNON-GAAP FINANCIAL MEASURESREVENUE GROWTH RATE (%) RECONCILIATION (UNAUDITED): Year-Over-Year Revenue Growth – GLOBAL
Q3 2024
Q4 2024
Q1 2025
Q2 2025
Q3 2025
Q4 2025Finance and accounting
As Reported
-9.2
-9.5
-12.3
-10.8
-9.9
-6.9Billing Days Impact
-1.5
-0.8
1.3
0.4
-0.2
0.3Currency Impact
0.2
0.5
1.0
-0.4
-0.6
-1.2As Adjusted
-10.5
-9.8
-10.0
-10.8
-10.7
-7.8
Administrative and customer support
As Reported
-9.2
-8.8
-17.2
-13.0
-11.1
-11.4Billing Days Impact
-1.5
-0.8
1.3
0.4
0.0
0.3Currency Impact
-0.1
0.2
0.7
-0.7
-1.0
-1.4As Adjusted
-10.8
-9.4
-15.2
-13.3
-12.1
-12.5
Technology
As Reported
-6.1
-3.5
-3.4
0.3
-1.5
-1.0Billing Days Impact
-1.5
-0.7
1.4
0.5
-0.1
0.3Currency Impact
0.0
0.1
0.7
-0.4
-0.3
-0.5As Adjusted
-7.6
-4.1
-1.3
0.4
-1.9
-1.2
Elimination of intersegment revenues
As Reported
21.6
18.9
4.5
2.9
1.1
3.0Billing Days Impact
-1.9
-1.0
1.6
0.5
-0.1
0.4Currency Impact
-0.3
-0.1
0.7
-0.9
-0.8
-1.2As Adjusted
19.4
17.8
6.8
2.5
0.2
2.2
Total contract talent solutions
As Reported
-11.9
-11.5
-14.0
-11.1
-10.1
-8.2Billing Days Impact
-1.4
-0.7
1.3
0.4
-0.2
0.3Currency Impact
0.1
0.4
0.9
-0.4
-0.6
-1.1As Adjusted
-13.2
-11.8
-11.8
-11.1
-10.9
-9.0
Permanent placement talent solutions
As Reported
-11.9
-11.1
-10.2
-12.5
-10.7
-5.1Billing Days Impact
-1.4
-0.7
1.3
0.5
-0.1
0.3Currency Impact
0.1
0.4
1.1
-0.6
-0.6
-1.1As Adjusted
-13.2
-11.4
-7.8
-12.6
-11.4
-5.9
Total talent solutions
As Reported
-11.9
-11.4
-13.5
-11.3
-10.2
-7.9Billing Days Impact
-1.4
-0.7
1.2
0.4
-0.2
0.4Currency Impact
0.1
0.4
1.0
-0.4
-0.6
-1.1As Adjusted
-13.2
-11.7
-11.3
-11.3
-11.0
-8.6
Protiviti
As Reported
6.4
5.3
2.7
1.8
-2.6
-2.0Billing Days Impact
-1.7
-0.8
1.5
0.4
-0.2
0.3Currency Impact
-0.2
0.0
0.5
-0.7
-0.6
-1.1As Adjusted
4.5
4.5
4.7
1.5
-3.4
-2.8
Total
As Reported
-6.3
-6.1
-8.4
-7.0
-7.5
-5.8Billing Days Impact
-1.4
-0.8
1.4
0.4
-0.2
0.3Currency Impact
0.0
0.3
0.8
-0.5
-0.6
-1.1As Adjusted
-7.7
-6.6
-6.2
-7.1
-8.3
-6.6 ROBERT HALF INCNON-GAAP FINANCIAL MEASURESREVENUE GROWTH RATE (%) RECONCILIATION (UNAUDITED): Year-Over-Year Revenue Growth – UNITED STATES
Q3 2024
Q4 2024
Q1 2025
Q2 2025
Q3 2025
Q4 2025Contract talent solutions
As Reported
-12.4
-10.3
-11.8
-10.7
-10.3
-9.5Billing Days Impact
-1.3
-0.9
1.1
0.0
-0.1
0.3Currency Impact
?
?
?
?
?
?As Adjusted
-13.7
-11.2
-10.7
-10.7
-10.4
-9.2
Permanent placement talent solutions
As Reported
-9.0
-9.6
-8.5
-13.2
-11.3
-5.8Billing Days Impact
-1.4
-0.8
1.2
0.0
-0.1
0.3Currency Impact
?
?
?
?
?
?As Adjusted
-10.4
-10.4
-7.3
-13.2
-11.4
-5.5
Total talent solutions
As Reported
-12.0
-10.2
-11.4
-11.0
-10.4
-9.0Billing Days Impact
-1.3
-0.9
1.1
0.0
-0.1
0.2Currency Impact
?
?
?
?
?
?As Adjusted
-13.3
-11.1
-10.3
-11.0
-10.5
-8.8
Protiviti
As Reported
9.3
6.6
2.3
-0.7
-5.5
-5.9Billing Days Impact
-1.7
-1.0
1.3
0.0
-0.1
0.3Currency Impact
?
?
?
?
?
?As Adjusted
7.6
5.6
3.6
-0.7
-5.6
-5.6
Total
As Reported
-5.2
-4.7
-6.9
-7.4
-8.6
-7.9Billing Days Impact
-1.5
-1.0
1.2
0.0
-0.1
0.3Currency Impact
?
?
?
?
?
?As Adjusted
-6.7
-5.7
-5.7
-7.4
-8.7
-7.6 ROBERT HALF INC.NON-GAAP FINANCIAL MEASURESREVENUE GROWTH RATE (%) RECONCILIATION (UNAUDITED): Year-Over-Year Revenue Growth – INTERNATIONAL
Q3 2024
Q4 2024
Q1 2025
Q2 2025
Q3 2025
Q4 2025Contract talent solutions
As Reported
-10.6
-15.2
-20.7
-12.5
-9.7
-4.0Billing Days Impact
-1.6
-0.4
0.6
1.4
0.0
0.1Currency Impact
0.5
1.7
3.9
-1.8
-2.7
-4.8As Adjusted
-11.7
-13.9
-16.2
-12.9
-12.4
-8.7
Permanent placement talent solutions
As Reported
-18.6
-14.7
-14.5
-10.6
-9.0
-3.5Billing Days Impact
-1.6
-0.4
0.6
1.4
0.0
0.2Currency Impact
0.4
1.4
3.8
-2.0
-2.2
-3.7As Adjusted
-19.8
-13.7
-10.1
-11.2
-11.2
-7.0
Total talent solutions
As Reported
-11.9
-15.1
-19.8
-12.2
-9.6
-3.9Billing Days Impact
-1.6
-0.5
0.6
1.4
0.0
0.1Currency Impact
0.5
1.7
3.9
-1.8
-2.6
-4.6As Adjusted
-13.0
-13.9
-15.3
-12.6
-12.2
-8.4
Protiviti
As Reported
-5.6
0.2
4.4
13.1
11.1
14.7Billing Days Impact
-1.7
-0.4
0.7
1.7
0.0
0.1Currency Impact
-0.8
-0.2
2.8
-4.1
-3.6
-5.7As Adjusted
-8.1
-0.4
7.9
10.7
7.5
9.1
Total
As Reported
-10.2
-10.9
-13.6
-5.3
-3.8
1.8Billing Days Impact
-1.6
-0.5
0.6
1.5
0.0
0.2Currency Impact
0.1
1.2
3.6
-2.5
-2.9
-5.0As Adjusted
-11.7
-10.2
-9.4
-6.3
-6.7
-3.0
View original content to download multimedia:https://www.prnewswire.com/news-releases/robert-half-reports-fourth-quarter-financial-results-302674479.htmlSOURCE Robert Half
Original: ROBERT HALF REPORTS FOURTH-QUARTER FINANCIAL RESULTS
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