MENLO PARK, Calif., April 23, 2026 /PRNewswire/ -- Robert Half Inc. $(RHI)$ 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 $1.3 billion, down 4 percent from last year's first quarter on a reported basis and down 6 percent on an adjusted basis," said M. Keith Waddell, president and chief executive officer of Robert Half. "We are very pleased that talent solutions delivered a second consecutive quarter of positive sequential growth on a same-day constant currency basis, with revenue trends strengthening as the quarter progressed and into early April.
"Overall, we believe market conditions are becoming increasingly conducive to our business, and our unique combination of award-winning high-tech capabilities and high-touch expertise positions us well to deliver meaningful value for clients navigating a dynamic business environment.
"Our employees' continued dedication has earned Robert Half recent recognition as one of America's Most Innovative Companies by Fortune and one of the Fortune 100 Best Companies to Work For$(R)$ . 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(R) , 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(R) Most Admired Company$(TM)$ 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 Operations
Supplemental Financial Information
Non-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 $ 1,351,907
Costs of services 820,270 852,862
----------- -----------
Gross margin 479,909 499,045
Selling, general and administrative expenses 442,998 460,163
----------- -----------
Operating income 36,911 38,882
Loss from investments held in employee deferred
compensation trusts (which is completely offset
by related costs and expenses) 8,227 20,171
Interest income, net (2,758) (3,572)
Income before income taxes 31,442 22,283
Provision for income taxes 17,652 4,933
----------- -----------
Net income $ 13,790 $ 17,350
=========== ===========
Diluted net income per share $ 0.14 $ 0.17
Weighted average shares:
Basic 99,622 100,666
Diluted 99,899 101,015
ROBERT 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 support 149,335 165,627
Technology 153,758 152,542
Elimination of intersegment revenues (1) (116,830) (117,897)
----------- -----------
Total contract talent solutions 725,016 763,205
Permanent placement talent solutions 109,004 112,091
Protiviti 466,159 476,611
----------- -----------
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 $ 342,473
Accounts receivable, net $ 776,361 $ 786,560
Total assets $ 2,703,702 $ 2,696,953
Total current liabilities $ 1,268,887 $ 1,190,356
Total stockholders' equity $ 1,231,231 $ 1,313,222
Three Months Ended
March 31,
-----------------------
2026 2025
----------- ----------
(Unaudited)
SELECTED CASH FLOW INFORMATION:
Depreciation $ 12,285 $ 13,006
Capitalized cloud computing implementation costs $ 8,289 $ 6,160
Capital expenditures $ 8,495 $ 12,394
Open market repurchases of common stock (shares) -- 668
ROBERT HALF INC.
NON-GAAP FINANCIAL MEASURES
The 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 MEASURES
ADJUSTED 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 2025
----------- ----------- ----------- ----------- ------ ------ ------ ------
Gross
Margin
Contract
talent
solutions $ 281,753 $ 296,933 $ 281,753 $ 296,933 38.9 % 38.9 % 38.9 % 38.9 %
Permanent
placement
talent
solutions 108,726 111,861 108,726 111,861 99.7 % 99.8 % 99.7 % 99.8 %
----------- ----------- ----------- ----------- ------ ------ ------ ------
Total
talent
solutions 390,479 408,794 390,479 408,794 46.8 % 46.7 % 46.8 % 46.7 %
Protiviti 89,430 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
-----------------------------------------------------------------------------------------------------
Permanent Permanent
Contract talent placement talent Total talent Contract talent placement talent Total talent
solutions solutions solutions Protiviti Total solutions solutions solutions Protiviti Total
------------------- ------------------- ------------------- ------------------ ------------------ ------------------- ------------------- ------------------- ------------------ ------------------
% of % of % of % of % of % of % of % of % of % of
$ Revenue $ Revenue $ Revenue $ Revenue $ Revenue $ Revenue $ Revenue $ Revenue $ Revenue $ Revenue
--------- -------- --------- -------- --------- -------- -------- -------- --------- ------- --------- -------- --------- -------- --------- -------- -------- -------- --------- -------
Gross Margin
As Reported $ 281,753 38.9 % $ 108,726 99.7 % $ 390,479 46.8 % $ 89,430 19.2 % $ 479,909 36.9 % $ 296,933 38.9 % $ 111,861 99.8 % $ 408,794 46.7 % $ 90,251 18.9 % $ 499,045 36.9 %
Adjustments
(1) -- -- -- -- -- -- (2,004) (0.4 %) (2,004) (0.1 %) -- -- -- -- -- -- (4,039) (0.8 %) (4,039) (0.3 %)
--------- -------- --------- -------- --------- -------- -------- -------- --------- ------- --------- -------- --------- -------- --------- -------- -------- -------- --------- -------
As Adjusted $ 281,753 38.9 % $ 108,726 99.7 % $ 390,479 46.8 % $ 87,426 18.8 % $ 477,905 36.8 % $ 296,933 38.9 % $ 111,861 99.8 % $ 408,794 46.7 % $ 86,212 18.1 % $ 495,006 36.6 %
--------- -------- --------- -------- --------- -------- -------- -------- --------- ------- --------- -------- --------- -------- --------- -------- -------- -------- --------- -------
(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 MEASURES
ADJUSTED 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 2025
----------- ----------- ----------- ----------- ------ ------ ------ ------
Selling, 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
solutions 101,806 106,135 102,670 108,237 93.4 % 94.7 % 94.2 % 96.6 %
----------- ----------- ----------- ----------- ------ ------ ------ ------
Total talent
solutions 368,887 382,347 375,110 398,479 44.2 % 43.7 % 45.0 % 45.5 %
Protiviti 74,111 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
-----------------------------------------------------------------------------------------------------
Permanent Permanent
Contract talent placement talent Total talent Contract talent placement talent Total talent
solutions solutions solutions Protiviti Total solutions solutions solutions Protiviti Total
------------------- ------------------- ------------------- ------------------ ------------------ ------------------- ------------------- ------------------- ------------------ ------------------
% of % of % of % of % of % of % of % of % of % of
$ Revenue $ Revenue $ Revenue $ Revenue $ Revenue $ Revenue $ Revenue $ Revenue $ Revenue $ Revenue
--------- -------- --------- -------- --------- -------- -------- -------- --------- ------- --------- -------- --------- -------- --------- -------- -------- -------- --------- -------
Selling, General
and
Administrative
Expenses
As Reported $ 267,081 36.8 % $ 101,806 93.4 % $ 368,887 44.2 % $ 74,111 15.9 % $ 442,998 34.1 % $ 276,212 36.2 % $ 106,135 94.7 % $ 382,347 43.7 % $ 77,816 16.3 % $ 460,163 34.0 %
Adjustments (1) 5,359 0.8 % 864 0.8 % 6,223 0.8 % -- -- 6,223 0.5 % 14,030 1.8 % 2,102 1.9 % 16,132 1.8 % -- -- 16,132 1.2 %
--------- -------- --------- -------- --------- -------- -------- -------- --------- ------- --------- -------- --------- -------- --------- -------- -------- -------- --------- -------
As Adjusted $ 272,440 37.6 % $ 102,670 94.2 % $ 375,110 45.0 % $ 74,111 15.9 % $ 449,221 34.6 % $ 290,242 38.0 % $ 108,237 96.6 % $ 398,479 45.5 % $ 77,816 16.3 % $ 476,295 35.2 %
--------- -------- --------- -------- --------- -------- -------- -------- --------- ------- --------- -------- --------- -------- --------- -------- -------- -------- --------- -------
(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 MEASURES
ADJUSTED 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 2025
----------- ----------- ----------- ----------- ----- ----- ----- -----
Operating
Income
Contract
talent
solutions $ 14,672 $ 20,721 $ 9,313 $ 6,691 2.0 % 2.7 % 1.3 % 0.9 %
Permanent
placement
talent
solutions 6,920 5,726 6,056 3,624 6.3 % 5.1 % 5.6 % 3.2 %
----------- ----------- ----------- ----------- ----- ----- ----- -----
Total
talent
solutions 21,592 26,447 15,369 10,315 2.6 % 3.0 % 1.8 % 1.2 %
Protiviti 15,319 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
--------------------------------------------------------------------------------------------------
Permanent Permanent
Contract talent placement talent Total talent Contract talent placement talent Total talent
solutions solutions solutions Protiviti Total solutions solutions solutions Protiviti Total
------------------ ------------------ ------------------ ------------------ ----------------- ------------------ ------------------ ------------------ ------------------ ------------------
% of % of % of % of % of % of % of % of % of % of
$ Revenue $ Revenue $ Revenue $ Revenue $ Revenue $ Revenue $ Revenue $ Revenue $ Revenue $ Revenue
-------- -------- -------- -------- -------- -------- -------- -------- -------- ------- -------- -------- -------- -------- -------- -------- -------- -------- --------- -------
Operating
Income
As Reported $ 14,672 2.0 % $ 6,920 6.3 % $ 21,592 2.6 % $ 15,319 3.3 % $ 36,911 2.8 % $ 20,721 2.7 % $ 5,726 5.1 % $ 26,447 3.0 % $ 12,435 2.6 % $ 38,882 2.9 %
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 $ 9,313 1.3 % $ 6,056 5.6 % $ 15,369 1.8 % $ 13,315 2.9 % $ 28,684 2.2 % $ 6,691 0.9 % $ 3,624 3.2 % $ 10,315 1.2 % $ 8,396 1.8 % $ 18,711 1.4 %
-------- -------- -------- -------- -------- -------- -------- -------- -------- ------- -------- -------- -------- -------- -------- -------- -------- -------- --------- -------
(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 MEASURES
REVENUE GROWTH RATES (%) (UNAUDITED):
Year-Over-Year Growth Rates Non-GAAP Year-Over-Year Growth Rates
(As Reported) (As Adjusted)
2024 2025 2026 2024 2025 2026
----- -------------------------- ---- ----- -------------------------- ------
Q4 Q1 Q2 Q3 Q4 Q1 Q4 Q1 Q2 Q3 Q4 Q1
----- ----- ----- ----- ----- ---- ----- ----- ----- ----- ----- ------
Global
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 -6.3
Administrative
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 -11.8
Technology -3.5 -3.4 0.3 -1.5 -1.0 0.8 -4.1 -1.3 0.4 -1.9 -1.2 -0.3
Elimination 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 -2.8
----- ----- ----- ----- ----- ---- ----- ----- ----- ----- ----- ------
Total 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 -6.8
Permanent
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 -4.7
----- ----- ----- ----- ----- ---- ----- ----- ----- ----- ----- ------
Total talent
solutions -11.4 -13.5 -11.3 -10.2 -7.9 -4.7 -11.7 -11.3 -11.3 -11.0 -8.6 -6.6
Protiviti 5.3 2.7 1.8 -2.6 -2.0 -2.2 4.5 4.7 1.5 -3.4 -2.8 -3.8
----- ----- ----- ----- ----- ---- ----- ----- ----- ----- ----- ------
Total -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 -7.5
Permanent
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 -5.7
----- ----- ----- ----- ----- ---- ----- ----- ----- ----- ----- ------
Total talent
solutions -10.2 -11.4 -11.0 -10.4 -9.0 -7.4 -11.1 -10.3 -11.0 -10.5 -8.8 -7.3
Protiviti 6.6 2.3 -0.7 -5.5 -5.9 -6.4 5.6 3.6 -0.7 -5.6 -5.6 -6.3
----- ----- ----- ----- ----- ---- ----- ----- ----- ----- ----- ------
Total -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 -3.4
Permanent
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 -0.9
----- ----- ----- ----- ----- ---- ----- ----- ----- ----- ----- ------
Total talent
solutions -15.1 -19.8 -12.2 -9.6 -3.9 4.5 -13.9 -15.3 -12.6 -12.2 -8.4 -3.0
Protiviti 0.2 4.4 13.1 11.1 14.7 16.0 -0.4 7.9 10.7 7.5 9.1 8.1
----- ----- ----- ----- ----- ---- ----- ----- ----- ----- ----- ------
Total -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 MEASURES
REVENUE GROWTH RATE (%) RECONCILIATION (UNAUDITED):
Year-Over-Year Revenue Growth -- GLOBAL
------------------------------------------------------------------
Q4 Q1 Q2 Q1
2024 2025 2025 Q3 2025 Q4 2025 2026
------ ------ ------ ------- ------- ------
Finance and
accounting
As Reported -9.5 -12.3 -10.8 -9.9 -6.9 -4.3
Billing Days
Impact -0.8 1.3 0.4 -0.2 0.3 0.0
Currency
Impact 0.5 1.0 -0.4 -0.6 -1.2 -2.0
------ ------ ------ ------- ------- ------
As 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 -9.8
Billing Days
Impact -0.8 1.3 0.4 0.0 0.3 0.0
Currency
Impact 0.2 0.7 -0.7 -1.0 -1.4 -2.0
------ ------ ------ ------- ------- ------
As 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 0.8
Billing Days
Impact -0.7 1.4 0.5 -0.1 0.3 0.0
Currency
Impact 0.1 0.7 -0.4 -0.3 -0.5 -1.1
As 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 -0.9
Billing Days
Impact -1.0 1.6 0.5 -0.1 0.4 0.0
Currency
Impact -0.1 0.7 -0.9 -0.8 -1.2 -1.9
------ ------ ------ ------- ------- ------
As 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 -5.0
Billing Days
Impact -0.7 1.3 0.4 -0.2 0.3 0.0
Currency
Impact 0.4 0.9 -0.4 -0.6 -1.1 -1.8
As 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 -2.8
Billing Days
Impact -0.7 1.3 0.5 -0.1 0.3 0.0
Currency
Impact 0.4 1.1 -0.6 -0.6 -1.1 -1.9
------ ------ ------ ------- ------- ------
As 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 -4.7
Billing Days
Impact -0.7 1.2 0.4 -0.2 0.4 0.0
Currency
Impact 0.4 1.0 -0.4 -0.6 -1.1 -1.9
As 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 -2.2
Billing Days
Impact -0.8 1.5 0.4 -0.2 0.3 0.0
Currency
Impact 0.0 0.5 -0.7 -0.6 -1.1 -1.6
As 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 -3.8
Billing Days
Impact -0.8 1.4 0.4 -0.2 0.3 0.0
Currency
Impact 0.3 0.8 -0.5 -0.6 -1.1 -1.8
------ ------ ------ ------- ------- ------
As Adjusted -6.6 -6.2 -7.1 -8.3 -6.6 -5.6
------ ------ ------ ------- ------- ------
ROBERT HALF INC.
NON-GAAP FINANCIAL MEASURES
REVENUE GROWTH RATE (%) RECONCILIATION (UNAUDITED):
Year-Over-Year Revenue Growth -- UNITED STATES
------------------------------------------------------------------
Q1
Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 2026
------- ------- ------- ------- ------- ------
Contract
talent
solutions
As
Reported -10.3 -11.8 -10.7 -10.3 -9.5 -7.6
Billing
Days
Impact -0.9 1.1 0.0 -0.1 0.3 0.1
Currency
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 -5.9
Billing
Days
Impact -0.8 1.2 0.0 -0.1 0.3 0.2
Currency
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 -7.4
Billing
Days
Impact -0.9 1.1 0.0 -0.1 0.2 0.1
Currency
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 -6.4
Billing
Days
Impact -1.0 1.3 0.0 -0.1 0.3 0.1
Currency
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 -7.1
Billing
Days
Impact -1.0 1.2 0.0 -0.1 0.3 0.2
Currency
Impact _ _ _ _ _ _
------- ------- ------- ------- ------- ------
As
Adjusted -5.7 -5.7 -7.4 -8.7 -7.6 -6.9
------- ------- ------- ------- ------- ------
ROBERT HALF INC.
NON-GAAP FINANCIAL MEASURES
REVENUE GROWTH RATE (%) RECONCILIATION (UNAUDITED):
Year-Over-Year Revenue Growth -- INTERNATIONAL
------------------------------------------------------------------
Q1
Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 2026
------- ------- ------- ------- ------- ------
Contract
talent
solutions
As
Reported -15.2 -20.7 -12.5 -9.7 -4.0 4.3
Billing
Days
Impact -0.4 0.6 1.4 0.0 0.1 0.6
Currency
Impact 1.7 3.9 -1.8 -2.7 -4.8 -8.3
As
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 5.7
Billing
Days
Impact -0.4 0.6 1.4 0.0 0.2 0.6
Currency
Impact 1.4 3.8 -2.0 -2.2 -3.7 -7.2
------- ------- ------- ------- ------- ------
As
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 4.5
Billing
Days
Impact -0.5 0.6 1.4 0.0 0.1 0.7
Currency
Impact 1.7 3.9 -1.8 -2.6 -4.6 -8.2
As
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 16.0
Billing
Days
Impact -0.4 0.7 1.7 0.0 0.1 0.7
Currency
Impact -0.2 2.8 -4.1 -3.6 -5.7 -8.6
As
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 8.1
Billing
Days
Impact -0.5 0.6 1.5 0.0 0.2 0.6
Currency
Impact 1.2 3.6 -2.5 -2.9 -5.0 -8.3
------- ------- ------- ------- ------- ------
As
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.html
SOURCE Robert Half
(END) Dow Jones Newswires
April 23, 2026 16:05 ET (20:05 GMT)
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