MENLO PARK, Calif., July 23, 2026 /PRNewswire/ -- Robert Half Inc. $(RHI)$ today reported revenues and earnings for the second quarter ended June 30, 2026.
For the three months ended June 30, 2026, net income was $26 million, or $0.26 per share, on revenues of $1.336 billion. For the three months ended June 30, 2025, net income was $41 million, or $0.41 per share, on revenues of $1.370 billion.
For the six months ended June 30, 2026, net income was $40 million, or $0.40 per share, on revenues of $2.637 billion. For the six months ended June 30, 2025, net income was $58 million, or $0.58 per share, on revenues of $2.722 billion.
"For the second quarter of 2026, global enterprise revenues were $1.336 billion, down 2 percent from last year's second quarter on a reported basis and down 3 percent on an adjusted basis," said M. Keith Waddell, president and chief executive officer of Robert Half. "Talent solutions delivered its third consecutive quarter of sequential revenue growth on an adjusted basis, while its permanent placement operations also posted adjusted year-over-year revenue growth of 2.5 percent. Global enterprise revenues and earnings exceeded the midpoint of our second-quarter guidance.
"Hiring demand continues to improve, and market conditions are increasingly more supportive of our business. Our unique combination of award-winning high-tech capabilities and high-touch expertise positions us well to help clients navigate a dynamic business environment and connect them with the specialized talent and consulting services they need.
"We would like to thank our global workforce for their continued dedication. Their commitment to excellence was recently recognized as Robert Half earned the No. 1 ranking among Forbes' America's Best Professional Recruiting Firms," 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 6715269.
A recorded replay of the call will be available for audio replay beginning July 23 and will remain accessible for 12 months at https://webcasts.com/RobertHalfQ22026. 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 Six Months Ended
June 30, June 30,
---------------------------------------------- ----------------------------------------------
2026 2025 2026 2025
---------------------- ---------------------- ---------------------- ----------------------
(Unaudited) (Unaudited)
Service revenues $ 1,336,365 $ 1,369,743 $ 2,636,544 $ 2,721,650
Costs of services 862,338 860,269 1,682,608 1,713,131
---------------------- ---------------------- ---------------------- ----------------------
Gross margin 474,027 509,474 953,936 1,008,519
Selling, general and
administrative
expenses 536,326 507,934 979,324 968,097
---------------------- ---------------------- ---------------------- ----------------------
Operating (loss)
income (62,299) 1,540 (25,388) 40,422
(Income) loss from
investments held in
employee deferred
compensation
trusts (which is
completely offset by
related costs and
expenses) (100,878) (57,654) (92,651) (37,483)
Interest income, net (2,013) (2,239) (4,771) (5,811)
---------------------- ---------------------- ---------------------- ----------------------
Income before income
taxes 40,592 61,433 72,034 83,716
Provision for income
taxes 14,274 20,465 31,926 25,398
---------------------- ---------------------- ---------------------- ----------------------
Net income $ 26,318 $ 40,968 $ 40,108 $ 58,318
====================== ====================== ====================== ======================
Diluted net income
per share $ 0.26 $ 0.41 $ 0.40 $ 0.58
Weighted average
shares:
Basic 99,941 100,410 99,783 100,537
Diluted 100,307 100,539 100,104 100,776
ROBERT HALF INC.
SUPPLEMENTAL FINANCIAL INFORMATION
(in thousands)
Three Months Ended Six Months Ended
June 30, June 30,
------------------------ ------------------------
2026 2025 2026 2025
----------- ----------- ----------- -----------
(Unaudited) (Unaudited)
SERVICE REVENUES
INFORMATION
Contract talent
solutions
Finance and
accounting $ 551,722 $ 555,626 $ 1,090,475 $ 1,118,559
Administrative and
customer support 154,859 165,591 304,194 331,218
Technology 162,202 158,403 315,960 310,945
Elimination of
intersegment
revenues (1) (121,378) (119,812) (238,208) (237,709)
----------- ----------- ----------- -----------
Total contract
talent
solutions 747,405 759,808 1,472,421 1,523,013
Permanent placement
talent solutions 117,991 114,713 226,995 226,804
Protiviti 470,969 495,222 937,128 971,833
----------- ----------- ----------- -----------
Total service
revenues $ 1,336,365 $ 1,369,743 $ 2,636,544 $ 2,721,650
=========== =========== =========== ===========
(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.
June 30,
2026 2025
------------- ------------
(Unaudited)
SELECTED BALANCE SHEET INFORMATION:
Cash and cash equivalents $ 324,714 $ 380,547
Accounts receivable, net $ 821,442 $ 826,872
Total assets $ 2,858,499 $ 2,832,196
Total current liabilities $ 1,456,057 $ 1,322,626
Total stockholders' equity $ 1,207,659 $ 1,311,918
Six Months Ended June 30,
---------------------------
2026 2025
------------- ------------
(Unaudited)
SELECTED CASH FLOW INFORMATION:
Depreciation $ 24,639 $ 25,608
Capitalized cloud computing implementation
costs $ 16,169 $ 13,217
Capital expenditures $ 15,651 $ 27,573
Open market repurchases of common stock
(shares) -- 1,128
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
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