ROBERT HALF REPORTS THIRD-QUARTER FINANCIAL RESULTS

ROBERT HALF REPORTS THIRD-QUARTER FINANCIAL RESULTS

PR Newswire

MENLO PARK, Calif., Oct. 22, 2026 /PRNewswire/ — Robert Half Inc. (NYSE: RHI) today reported revenues and earnings for the third quarter ended September 30, 2026.

Robert Half Logo

For the three months ended September 30, 2026, net income was $50 million, or $0.49 per share, on revenues of $1.359 billion. For the three months ended September 30, 2025, net income was $43 million, or $0.43 per share, on revenues of $1.354 billion.

For the nine months ended September 30, 2026, net income was $90 million, or $0.90 per share, on revenues of $3.996 billion. For the nine months ended September 30, 2025, net income was $101 million, or $1.01 per share, on revenues of $4.076 billion. 

“For the third quarter of 2026, global enterprise revenues were $1.359 billion, roughly flat with last year on an adjusted basis,” said M. Keith Waddell, president and chief executive officer of Robert Half. “Talent solutions returned to adjusted year-over-year revenue growth for the first time since 2022, with revenues increasing 2 percent. Global enterprise earnings exceeded the midpoint of our third-quarter guidance.

“Hiring activity continues to improve, supported by gradually improving market conditions. Demand for risk and compliance consulting services also showed encouraging signs of improvement during the quarter. Our combination of innovative technology, specialized expertise and high-touch client service positions us well to deliver the talent and consulting solutions clients need to advance their business priorities.

“We want to recognize and thank our employees around the world for their continued dedication to our clients. Their commitment is reflected in Robert Half’s recent accolades, including being named among Fortune’s Best Workplaces in Consulting & Professional Services, Forbes’ World’s Best Employers and Forbes’ World’s Top Companies for Women,” 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 5205953.

A recorded replay of the call will be available for audio replay beginning October 22 and will remain accessible for 12 months at https://webcasts.com/RobertHalfQ32026. 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 Operations

Supplemental Financial Information

Non-GAAP Financial Measures

 

ROBERT HALF INC.

SUMMARY OF OPERATIONS

(in thousands, except per share amounts)

Three Months Ended
September 30,

Nine Months Ended
September 30,

2026

2025

2026

2025

(Unaudited)

(Unaudited)

Service revenues

$  1,359,297

$  1,354,477

$  3,995,841

$  4,076,127

Costs of services

827,202

850,246

2,509,810

2,563,377

Gross margin

532,095

504,231

1,486,031

1,512,750

Selling, general and administrative expenses

457,247

490,643

1,436,571

1,458,740

Operating income

74,848

13,588

49,460

54,010

(Income) loss from investments held in employee deferred
     compensation trusts (which is completely offset by related costs and
     expenses)

2,296

(47,621)

(90,355)

(85,104)

Interest income, net

(2,114)

(2,510)

(6,885)

(8,321)

Income before income taxes

74,666

63,719

146,700

147,435

Provision for income taxes

24,796

20,803

56,722

46,201

Net income

$       49,870

$       42,916

$       89,978

$     101,234

Diluted net income per share

$           0.49

$           0.43

$           0.90

$          1.01

Weighted average shares:

Basic

99,963

99,897

99,844

100,321

Diluted

100,940

100,041

100,383

100,529

 

ROBERT HALF INC.

SUPPLEMENTAL FINANCIAL INFORMATION

(in thousands)

Three Months Ended
September 30,

Nine Months Ended
September 30,

2026

2025

2026

2025

(Unaudited)

(Unaudited)

SERVICE REVENUES INFORMATION

Contract talent solutions

Finance and accounting

$    565,593

$    553,364

$ 1,656,068

$ 1,671,923

Administrative and customer support

154,365

158,689

458,559

489,907

Technology

165,051

157,851

481,011

468,796

Elimination of intersegment revenues (1)

(126,179)

(123,681)

(364,387)

(361,390)

Total contract talent solutions

758,830

746,223

2,231,251

2,269,236

Permanent placement talent solutions

116,946

110,125

343,941

336,929

Protiviti

483,521

498,129

1,420,649

1,469,962

Total service revenues

$ 1,359,297

$ 1,354,477

$ 3,995,841

$ 4,076,127

(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.

 

September 30,

2026

2025

(Unaudited)

SELECTED BALANCE SHEET INFORMATION:

Cash and cash equivalents

$    321,291

$    365,289

Accounts receivable, net

$    826,156

$    838,002

Total assets

$ 2,849,502

$ 2,846,378

Total current liabilities

$ 1,439,794

$ 1,364,925

Total stockholders’ equity

$ 1,208,970

$ 1,286,092

 

Nine Months Ended
September 30,

2026

2025

(Unaudited)

SELECTED CASH FLOW INFORMATION:

Capital expenditures, including capitalized cloud computing implementation costs

$   (46,863)

$   (62,243)

Net cash flows before financing activities

$    47,147

$    74,811

Repurchases of common stock

$     (6,770)

$   (92,069)

Dividends paid

$ (179,841)

$ (179,549)

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 EndedSeptember 30,

Relationships

Nine Months Ended September 30,

Relationships

As Reported

As Adjusted

As Reported

As Adjusted

As Reported

As Adjusted

As Reported

As Adjusted

2026

2025

2026

2025

2026

2025

2026

2025

2026

2025

2026

2025

2026

2025

2026

2025

Gross Margin

Contract talent solutions

$  298,230

$  290,121

$  298,230

$  290,121

39.3 %

38.9 %

39.3 %

38.9 %

$    872,405

$    884,421

$    872,405

$    884,421

39.1 %

39.0 %

39.1 %

39.0 %

Permanent placement talent
     solutions

116,676

109,903

116,676

109,903

99.8 %

99.8 %

99.8 %

99.8 %

343,225

336,315

343,225

336,315

99.8 %

99.8 %

99.8 %

99.8 %

Total talent solutions

414,906

400,024

414,906

400,024

47.4 %

46.7 %

47.4 %

46.7 %

1,215,630

1,220,736

1,215,630

1,220,736

47.2 %

46.8 %

47.2 %

46.8 %

Protiviti

117,189

104,207

116,451

114,627

24.2 %

20.9 %

24.1 %

23.0 %

270,401

292,014

291,047

311,196

19.0 %

19.9 %

20.5 %

21.2 %

Total

$  532,095

$  504,231

$  531,357

$  514,651

39.1 %

37.2 %

39.1 %

38.0 %

$ 1,486,031

$ 1,512,750

$ 1,506,677

$ 1,531,932

37.2 %

37.1 %

37.7 %

37.6 %

The following tables provide reconciliations of the non-GAAP adjusted gross margin to reported gross margin for the three months ended September 30, 2026 and 2025:

Three Months Ended September 30, 2026

Three Months Ended September 30, 2025

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
Revenue

Gross Margin

As Reported

$ 298,230

39.3 %

$ 116,676

99.8 %

$ 414,906

47.4 %

$ 117,189

24.2 %

$ 532,095

39.1 %

$ 290,121

38.9 %

$ 109,903

99.8 %

$ 400,024

46.7 %

$ 104,207

20.9 %

$ 504,231

37.2 %

 Adjustments (1)

—

—

—

—

—

—

(738)

(0.1 %)

(738)

—

—

—

—

—

—

—

10,420

2.1 %

10,420

0.8 %

As Adjusted

$ 298,230

39.3 %

$ 116,676

99.8 %

$ 414,906

47.4 %

$ 116,451

24.1 %

$ 531,357

39.1 %

$ 290,121

38.9 %

$ 109,903

99.8 %

$ 400,024

46.7 %

$ 114,627

23.0 %

$ 514,651

38.0 %

The following tables provide reconciliations of the non-GAAP adjusted gross margin to reported gross margin for the nine months ended September 30, 2026 and 2025:

Nine Months Ended September 30, 2026

Nine Months Ended September 30, 2025

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
Revenue

Gross Margin

As Reported

$ 872,405

39.1 %

$ 343,225

99.8 %

$        1,215,630

47.2 %

$ 270,401

19.0 %

$        1,486,031

37.2 %

$ 884,421

39.0 %

$ 336,315

99.8 %

$        1,220,736

46.8 %

$ 292,014

19.9 %

$        1,512,750

37.1 %

 Adjustments (1)

—

—

—

—

—

—

20,646

1.5 %

20,646

0.5 %

—

—

—

—

—

—

19,182

1.3 %

19,182

0.5 %

As Adjusted

$ 872,405

39.1 %

$ 343,225

99.8 %

$        1,215,630

47.2 %

$ 291,047

20.5 %

$        1,506,677

37.7 %

$ 884,421

39.0 %

$ 336,315

99.8 %

$        1,220,736

46.8 %

$ 311,196

21.2 %

$        1,531,932

37.6 %

(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 (income) loss is presented separately. The non-GAAP financial adjustments shown in the table above are to reclassify investment (income) loss 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 EndedSeptember 30,

Relationships

Nine Months Ended September 30,

Relationships

As Reported

As Adjusted

As Reported

As Adjusted

As Reported

As Adjusted

As Reported

As Adjusted

2026

2025

2026

2025

2026

2025

2026

2025

2026

2025

2026

2025

2026

2025

2026

2025

Selling, General and

  Administrative Expenses

Contract talent solutions

$  274,371

$  306,844

$  275,701

$  273,755

36.2 %

41.1 %

36.3 %

36.7 %

$    884,490

$    901,927

$    822,759

$    842,941

39.6 %

39.7 %

36.9 %

37.1 %

Permanent placement talent
     solutions

103,720

106,404

103,948

102,292

88.7 %

96.6 %

88.9 %

92.9 %

321,525

323,757

313,547

316,821

93.5 %

96.1 %

91.2 %

94.0 %

Total talent solutions

378,091

413,248

379,649

376,047

43.2 %

48.3 %

43.4 %

43.9 %

1,206,015

1,225,684

1,136,306

1,159,762

46.8 %

47.0 %

44.1 %

44.5 %

Protiviti

79,156

77,395

79,156

77,395

16.4 %

15.5 %

16.4 %

15.5 %

230,556

233,056

230,556

233,056

16.2 %

15.9 %

16.2 %

15.9 %

Total

$  457,247

$  490,643

$  458,805

$  453,442

33.6 %

36.2 %

33.8 %

33.5 %

$ 1,436,571

$ 1,458,740

$ 1,366,862

$ 1,392,818

36.0 %

35.8 %

34.2 %

34.2 %

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 September 30, 2026 and 2025:

Three Months Ended September 30, 2026

Three Months Ended September 30, 2025

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
Revenue

Selling, General and

  Administrative Expenses

As Reported

$ 274,371

36.2 %

$ 103,720

88.7 %

$ 378,091

43.2 %

$ 79,156

16.4 %

$ 457,247

33.6 %

$ 306,844

41.1 %

$ 106,404

96.6 %

$ 413,248

48.3 %

$ 77,395

15.5 %

$ 490,643

36.2 %

 Adjustments (1)

1,330

0.1 %

228

0.2 %

1,558

0.2 %

—

—

1,558

0.2 %

(33,089)

(4.4 %)

(4,112)

(3.7 %)

(37,201)

(4.4 %)

—

—

(37,201)

(2.7 %)

As Adjusted

$ 275,701

36.3 %

$ 103,948

88.9 %

$ 379,649

43.4 %

$ 79,156

16.4 %

$ 458,805

33.8 %

$ 273,755

36.7 %

$ 102,292

92.9 %

$ 376,047

43.9 %

$ 77,395

15.5 %

$ 453,442

33.5 %

The following tables provide reconciliations of the non-GAAP adjusted selling, general and administrative expenses to reported selling, general and administrative expenses for the nine months ended September 30, 2026 and 2025:

Nine Months Ended September 30, 2026

Nine Months Ended September 30, 2025

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
Revenue

Selling, General and

  Administrative Expenses

As Reported

$ 884,490

39.6 %

$ 321,525

93.5 %

$        1,206,015

46.8 %

$ 230,556

16.2 %

$        1,436,571

36.0 %

$ 901,927

39.7 %

$ 323,757

96.1 %

$        1,225,684

47.0 %

$ 233,056

15.9 %

$        1,458,740

35.8 %

 Adjustments (1)

(61,731)

(2.7 %)

(7,978)

(2.3 %)

(69,709)

(2.7 %)

—

—

(69,709)

(1.8 %)

(58,986)

(2.6 %)

(6,936)

(2.1 %)

(65,922)

(2.5 %)

—

—

(65,922)

(1.6 %)

As Adjusted

$ 822,759

36.9 %

$ 313,547

91.2 %

$        1,136,306

44.1 %

$ 230,556

16.2 %

$        1,366,862

34.2 %

$ 842,941

37.1 %

$ 316,821

94.0 %

$        1,159,762

44.5 %

$ 233,056

15.9 %

$        1,392,818

34.2 %

(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 (income) loss  is presented separately. The non-GAAP financial adjustments shown in the table above are to reclassify investment (income) loss 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 EndedSeptember 30,

Relationships

Nine Months Ended September 30,

Relationships

As Reported

As Adjusted

As Reported

As Adjusted

As Reported

As Adjusted

As Reported

As Adjusted

2026

2025

2026

2025

2026

2025

2026

2025

2026

2025

2026

2025

2026

2025

2026

2025

Operating (Loss) Income

Contract talent solutions

$    23,859

$   (16,723)

$    22,529

$    16,366

3.1 %

(2.2 %)

3.0 %

2.2 %

$   (12,085)

$   (17,506)

$    49,646

$    41,480

(0.5 %)

(0.8 %)

2.2 %

1.8 %

Permanent placement talent
     solutions

12,956

3,499

12,728

7,611

11.1 %

3.2 %

10.9 %

6.9 %

21,700

12,558

29,678

19,494

6.3 %

3.7 %

8.6 %

5.8 %

Total talent solutions

36,815

(13,224)

35,257

23,977

4.2 %

(1.5 %)

4.0 %

2.8 %

9,615

(4,948)

79,324

60,974

0.4 %

(0.2 %)

3.1 %

2.3 %

Protiviti

38,033

26,812

37,295

37,232

7.9 %

5.4 %

7.7 %

7.5 %

39,845

58,958

60,491

78,140

2.8 %

4.0 %

4.3 %

5.3 %

Total

$    74,848

$    13,588

$    72,552

$    61,209

5.5 %

1.0 %

5.3 %

4.5 %

$    49,460

$    54,010

$  139,815

$  139,114

1.2 %

1.3 %

3.5 %

3.4 %

The following tables provide reconciliations of the non-GAAP adjusted operating income to reported operating (loss) income for the three months ended September 30, 2026 and 2025:

 

Three Months Ended September 30, 2026

Three Months Ended September 30, 2025

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
Revenue

Operating (Loss) Income

As Reported

$ 23,859

3.1 %

$ 12,956

11.1 %

$ 36,815

4.2 %

$ 38,033

7.9 %

$ 74,848

5.5 %

$ (16,723)

(2.2 %)

$  3,499

3.2 %

$ (13,224)

(1.5 %)

$ 26,812

5.4 %

$  13,588

1.0 %

 Adjustments (1)

(1,330)

(0.1 %)

(228)

(0.2 %)

(1,558)

(0.2 %)

(738)

(0.2 %)

(2,296)

(0.2 %)

33,089

4.4 %

4,112

3.7 %

37,201

4.3 %

10,420

2.1 %

47,621

3.5 %

As Adjusted

$ 22,529

3.0 %

$ 12,728

10.9 %

$ 35,257

4.0 %

$ 37,295

7.7 %

$ 72,552

5.3 %

$  16,366

2.2 %

$  7,611

6.9 %

$  23,977

2.8 %

$ 37,232

7.5 %

$  61,209

4.5 %

The following tables provide reconciliations of the non-GAAP adjusted operating income to reported operating (loss) income for the nine months ended September 30, 2026 and 2025:

Nine Months Ended September 30, 2026

Nine Months Ended September 30, 2025

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
Revenue

Operating (Loss) Income

As Reported

$ (12,085)

(0.5 %)

$ 21,700

6.3 %

$   9,615

0.4 %

$ 39,845

2.8 %

$   49,460

1.2 %

$ (17,506)

(0.8 %)

$ 12,558

3.7 %

$ (4,948)

(0.2 %)

$ 58,958

4.0 %

$   54,010

1.3 %

 Adjustments (1)

61,731

2.7 %

7,978

2.3 %

69,709

2.7 %

20,646

1.5 %

90,355

2.3 %

58,986

2.6 %

6,936

2.1 %

65,922

2.5 %

19,182

1.3 %

85,104

2.1 %

As Adjusted

$  49,646

2.2 %

$ 29,678

8.6 %

$ 79,324

3.1 %

$ 60,491

4.3 %

$ 139,815

3.5 %

$  41,480

1.8 %

$ 19,494

5.8 %

$ 60,974

2.3 %

$ 78,140

5.3 %

$ 139,114

3.4 %

(1)

Changes in the Company’s employee deferred compensation plan obligations are included in operating (loss) income. The non-GAAP financial adjustments shown in the table above are to reclassify investment (income) loss 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

(As Reported)

Non-GAAP Year-Over-Year Growth Rates

(As Adjusted)

2025

2026

2025

2026

Q2

Q3

Q4

Q1

Q2

Q3

Q2

Q3

Q4

Q1

Q2

Q3

Global

Finance and accounting

-10.8

-9.9

-6.9

-4.3

-0.7

2.2

-10.8

-10.7

-7.8

-6.3

-1.3

1.5

Administrative and customer
     support

-13.0

-11.1

-11.4

-9.8

-6.5

-2.7

-13.3

-12.1

-12.5

-11.8

-6.9

-3.1

Technology

0.3

-1.5

-1.0

0.8

2.4

4.6

0.4

-1.9

-1.2

-0.3

2.3

3.9

Elimination of intersegment
     revenues (1)

2.9

1.1

3.0

-0.9

1.3

2.0

2.5

0.2

2.2

-2.8

1.2

1.7

Total contract talent solutions

-11.1

-10.1

-8.2

-5.0

-1.6

1.7

-11.1

-10.9

-9.0

-6.8

-2.1

1.0

Permanent placement talent
     solutions

-12.5

-10.7

-5.1

-2.8

2.9

6.2

-12.6

-11.4

-5.9

-4.7

2.5

5.6

Total talent solutions

-11.3

-10.2

-7.9

-4.7

-1.0

2.3

-11.3

-11.0

-8.6

-6.6

-1.5

1.6

Protiviti

1.8

-2.6

-2.0

-2.2

-4.9

-2.9

1.5

-3.4

-2.8

-3.8

-5.0

-3.3

Total

-7.0

-7.5

-5.8

-3.8

-2.4

0.4

-7.1

-8.3

-6.6

-5.6

-2.8

-0.2

United States

Contract talent solutions

-10.7

-10.3

-9.5

-7.6

-2.1

2.5

-10.7

-10.4

-9.2

-7.5

-1.8

1.9

Permanent placement talent
     solutions

-13.2

-11.3

-5.8

-5.9

6.0

8.1

-13.2

-11.4

-5.5

-5.7

6.3

7.5

Total talent solutions

-11.0

-10.4

-9.0

-7.4

-1.1

3.2

-11.0

-10.5

-8.8

-7.3

-0.8

2.6

Protiviti

-0.7

-5.5

-5.9

-6.4

-5.8

-3.9

-0.7

-5.6

-5.6

-6.3

-5.5

-4.5

Total

-7.4

-8.6

-7.9

-7.1

-2.9

0.5

-7.4

-8.7

-7.6

-6.9

-2.5

-0.1

International

Contract talent solutions

-12.5

-9.7

-4.0

4.3

-0.1

-1.1

-12.9

-12.4

-8.7

-3.4

-3.5

-1.1

Permanent placement talent
     solutions

-10.6

-9.0

-3.5

5.7

-4.8

1.3

-11.2

-11.2

-7.0

-0.9

-7.1

1.6

Total talent solutions

-12.2

-9.6

-3.9

4.5

-0.9

-0.7

-12.6

-12.2

-8.4

-3.0

-4.1

-0.7

Protiviti

13.1

11.1

14.7

16.0

-1.2

0.8

10.7

7.5

9.1

8.1

-3.1

1.9

Total

-5.3

-3.8

1.8

8.1

-1.0

-0.2

-6.3

-6.7

-3.0

0.4

-3.8

0.1

(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

Q2 2025

Q3 2025

Q4 2025

Q1 2026

Q2 2026

 Q3 2026

Finance and accounting

As Reported

-10.8

-9.9

-6.9

-4.3

-0.7

2.2

Billing Days Impact

0.4

-0.2

0.3

0.0

0.1

-0.6

Currency Impact

-0.4

-0.6

-1.2

-2.0

-0.7

-0.1

As Adjusted

-10.8

-10.7

-7.8

-6.3

-1.3

1.5

Administrative and customer support

As Reported

-13.0

-11.1

-11.4

-9.8

-6.5

-2.7

Billing Days Impact

0.4

0.0

0.3

0.0

0.1

-0.6

Currency Impact

-0.7

-1.0

-1.4

-2.0

-0.5

0.2

As Adjusted

-13.3

-12.1

-12.5

-11.8

-6.9

-3.1

Technology

As Reported

0.3

-1.5

-1.0

0.8

2.4

4.6

Billing Days Impact

0.5

-0.1

0.3

0.0

0.2

-0.7

Currency Impact

-0.4

-0.3

-0.5

-1.1

-0.3

0.0

As Adjusted

0.4

-1.9

-1.2

-0.3

2.3

3.9

Elimination of intersegment revenues

As Reported

2.9

1.1

3.0

-0.9

1.3

2.0

Billing Days Impact

0.5

-0.1

0.4

0.0

0.2

-0.6

Currency Impact

-0.9

-0.8

-1.2

-1.9

-0.3

0.3

As Adjusted

2.5

0.2

2.2

-2.8

1.2

1.7

Total contract talent solutions

As Reported

-11.1

-10.1

-8.2

-5.0

-1.6

1.7

Billing Days Impact

0.4

-0.2

0.3

0.0

0.2

-0.6

Currency Impact

-0.4

-0.6

-1.1

-1.8

-0.7

-0.1

As Adjusted

-11.1

-10.9

-9.0

-6.8

-2.1

1.0

Permanent placement talent solutions

As Reported

-12.5

-10.7

-5.1

-2.8

2.9

6.2

Billing Days Impact

0.5

-0.1

0.3

0.0

0.1

-0.6

Currency Impact

-0.6

-0.6

-1.1

-1.9

-0.5

0.0

As Adjusted

-12.6

-11.4

-5.9

-4.7

2.5

5.6

Total talent solutions

As Reported

-11.3

-10.2

-7.9

-4.7

-1.0

2.3

Billing Days Impact

0.4

-0.2

0.4

0.0

0.2

-0.7

Currency Impact

-0.4

-0.6

-1.1

-1.9

-0.7

0.0

As Adjusted

-11.3

-11.0

-8.6

-6.6

-1.5

1.6

Protiviti

As Reported

1.8

-2.6

-2.0

-2.2

-4.9

-2.9

Billing Days Impact

0.4

-0.2

0.3

0.0

0.2

-0.6

Currency Impact

-0.7

-0.6

-1.1

-1.6

-0.3

0.2

As Adjusted

1.5

-3.4

-2.8

-3.8

-5.0

-3.3

Total

As Reported

-7.0

-7.5

-5.8

-3.8

-2.4

0.4

Billing Days Impact

0.4

-0.2

0.3

0.0

0.1

-0.6

Currency Impact

-0.5

-0.6

-1.1

-1.8

-0.5

0.0

As Adjusted

-7.1

-8.3

-6.6

-5.6

-2.8

-0.2

 

ROBERT HALF INC.

NON-GAAP FINANCIAL MEASURES

REVENUE GROWTH RATE (%) RECONCILIATION (UNAUDITED):

Year-Over-Year Revenue Growth – UNITED STATES

Q2 2025

Q3 2025

Q4 2025

Q1 2026

Q2 2026

 Q3 2026

Contract talent solutions

As Reported

-10.7

-10.3

-9.5

-7.6

-2.1

2.5

Billing Days Impact

0.0

-0.1

0.3

0.1

0.3

-0.6

Currency Impact

―

―

―

―

―

―

As Adjusted

-10.7

-10.4

-9.2

-7.5

-1.8

1.9

Permanent placement talent solutions

As Reported

-13.2

-11.3

-5.8

-5.9

6.0

8.1

Billing Days Impact

0.0

-0.1

0.3

0.2

0.3

-0.6

Currency Impact

―

―

―

―

―

―

As Adjusted

-13.2

-11.4

-5.5

-5.7

6.3

7.5

Total talent solutions

As Reported

-11.0

-10.4

-9.0

-7.4

-1.1

3.2

Billing Days Impact

0.0

-0.1

0.2

0.1

0.3

-0.6

Currency Impact

―

―

―

―

―

―

As Adjusted

-11.0

-10.5

-8.8

-7.3

-0.8

2.6

Protiviti

As Reported

-0.7

-5.5

-5.9

-6.4

-5.8

-3.9

Billing Days Impact

0.0

-0.1

0.3

0.1

0.3

-0.6

Currency Impact

―

―

―

―

―

―

As Adjusted

-0.7

-5.6

-5.6

-6.3

-5.5

-4.5

Total

As Reported

-7.4

-8.6

-7.9

-7.1

-2.9

0.5

Billing Days Impact

0.0

-0.1

0.3

0.2

0.4

-0.6

Currency Impact

―

―

―

―

―

―

As Adjusted

-7.4

-8.7

-7.6

-6.9

-2.5

-0.1

 

ROBERT HALF INC.

NON-GAAP FINANCIAL MEASURES

REVENUE GROWTH RATE (%) RECONCILIATION (UNAUDITED):

Year-Over-Year Revenue Growth – INTERNATIONAL

Q2 2025

Q3 2025

Q4 2025

Q1 2026

Q2 2026

 Q3 2026

Contract talent solutions

As Reported

-12.5

-9.7

-4.0

4.3

-0.1

-1.1

Billing Days Impact

1.4

0.0

0.1

0.6

-0.5

0.2

Currency Impact

-1.8

-2.7

-4.8

-8.3

-2.9

-0.2

As Adjusted

-12.9

-12.4

-8.7

-3.4

-3.5

-1.1

Permanent placement talent solutions

As Reported

-10.6

-9.0

-3.5

5.7

-4.8

1.3

Billing Days Impact

1.4

0.0

0.2

0.6

-0.4

0.1

Currency Impact

-2.0

-2.2

-3.7

-7.2

-1.9

0.2

As Adjusted

-11.2

-11.2

-7.0

-0.9

-7.1

1.6

Total talent solutions

As Reported

-12.2

-9.6

-3.9

4.5

-0.9

-0.7

Billing Days Impact

1.4

0.0

0.1

0.7

-0.4

0.2

Currency Impact

-1.8

-2.6

-4.6

-8.2

-2.8

-0.2

As Adjusted

-12.6

-12.2

-8.4

-3.0

-4.1

-0.7

Protiviti

As Reported

13.1

11.1

14.7

16.0

-1.2

0.8

Billing Days Impact

1.7

0.0

0.1

0.7

-0.5

0.1

Currency Impact

-4.1

-3.6

-5.7

-8.6

-1.4

1.0

As Adjusted

10.7

7.5

9.1

8.1

-3.1

1.9

Total

As Reported

-5.3

-3.8

1.8

8.1

-1.0

-0.2

Billing Days Impact

1.5

0.0

0.2

0.6

-0.5

0.1

Currency Impact

-2.5

-2.9

-5.0

-8.3

-2.3

0.2

As Adjusted

-6.3

-6.7

-3.0

0.4

-3.8

0.1

 

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SOURCE Robert Half