What happened to Robert Half (RHI) share repurchases in Q1 2026?

There were no open market repurchases of common stock in Q1 2026. According to the company, Q1 2025 included open market repurchases (668 shares reported in the prior period table).

ROBERT HALF REPORTS FIRST-QUARTER FINANCIAL RESULTS

Rhea-AI Impact

(High)

Rhea-AI Sentiment

(Positive)

Rhea-AI Summary

Robert Half (NYSE: RHI) reported Q1 2026 results for the quarter ended March 31, 2026. Revenues were $1.300 billion and net income was $13.8 million, or $0.14 diluted EPS, versus $1.352 billion and $17.4 million ($0.17) in Q1 2025. Management said talent solutions showed a second consecutive quarter of positive sequential growth on a same-day constant currency basis. Total assets were $2.704 billion and cash and cash equivalents were $278.4 million. A conference call and replay are available for investors.

Positive

Talent solutions: second consecutive quarter of positive sequential growth
Capital expenditures down ~31% to $8.5 million in Q1 2026
Operating income of $36.9 million maintained for Q1 2026

Negative

Net income declined ~21% to $13.8 million (Q1 2026 vs Q1 2025)
Total service revenues down ~3.8% to $1.300 billion year-over-year
Cash and cash equivalents down ~18.8% to $278.4 million
No open market repurchases of common stock in Q1 2026 (prior year had repurchases)

Key Figures

Q1 2026 revenue: $1.300B Q1 2026 net income: $13.79M Q1 2026 diluted EPS: $0.14 +5 more

8 metrics

Q1 2026 revenue $1.300B Three months ended March 31, 2026

Q1 2026 net income $13.79M Three months ended March 31, 2026

Q1 2026 diluted EPS $0.14 Three months ended March 31, 2026

Q1 2025 revenue $1.352B Three months ended March 31, 2025

Q1 2025 net income $17.35M Three months ended March 31, 2025

Contract talent revenue $725.016M Q1 2026 service revenues

Permanent placement revenue $109.004M Q1 2026 service revenues

Protiviti revenue $466.159M Q1 2026 service revenues

Market Reality Check

Price: $29.47 Vol: Volume 3,872,024 is 1.37x...

normal vol

$29.47 Last Close

Volume Volume 3,872,024 is 1.37x the 20-day average of 2,822,407, indicating elevated trading interest ahead of/around earnings. normal

Technical Shares at 29.47 are trading below the 200-day moving average of 30.31, reflecting a longer-term downtrend despite today’s uptick.

Peers on Argus

RHI gained 1.94% while peers were mixed: NSP up 1.86%, TNET and KFY slightly pos...

1 Down

RHI gained 1.94% while peers were mixed: NSP up 1.86%, TNET and KFY slightly positive, MAN down 3.28%, HSII flat. Scanner data flags this as stock-specific rather than a clear sector-wide move.

Previous Earnings Reports

5 past events · Latest: Jan 29 (Negative)

Same Type Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
Jan 29	Q4 2025 earnings	Negative	+27.8%	Q4 2025 revenue and net income declined versus Q4 2024 levels.
Oct 22	Q3 2025 earnings	Negative	-1.3%	Q3 2025 revenue and earnings fell year-over-year despite contract revenue stability.
Jul 23	Q2 2025 earnings	Negative	-6.0%	Q2 2025 showed a 7% revenue decline with lower net income amid hiring softness.
Apr 23	Q1 2025 earnings	Negative	-3.1%	Q1 2025 revenue and profit dropped versus Q1 2024 with softer hiring demand.
Mar 25	Burnout survey	Neutral	-2.6%	Survey highlighted rising employee burnout and staffing challenges across U.S. workers.

Pattern Detected

Earnings reports have mostly shown declining revenue and profit, with four of the last five tagged earnings items followed by negative price reactions and one sharp positive divergence on Q4 2025 results.

Recent Company History

Over the past year, Robert Half’s earnings releases have highlighted revenue and net income declines versus prior-year quarters, including Q1, Q2 and Q3 2025. Q4 2025 still showed lower year-over-year results, but the stock rose 27.76% after that report, in contrast to earlier negative reactions of -3.10%, -6.04%, and -1.25%. Today’s Q1 2026 numbers, with lower revenue and earnings versus Q1 2025, continue this trend of pressured fundamentals.

Historical Comparison

+3.0% avg move · Across the last five earnings-tagged releases, RHI’s average move was about ±2.95%, with most report...

earnings

+3.0%

Average Historical Move earnings

Across the last five earnings-tagged releases, RHI’s average move was about ±2.95%, with most reports tied to weaker year-over-year results and generally negative reactions except for a strong Q4 2025 upside surprise.

Earnings releases from Q1 through Q4 2025 consistently described year-over-year revenue and net income declines, with management emphasizing sequential stabilization in talent solutions and cautious demand trends leading into 2026.

Market Pulse Summary

This announcement reports Q1 2026 revenue of $1.300B and net income of $13.79M, both below Q1 2025 l...

Analysis

This announcement reports Q1 2026 revenue of $1.300B and net income of $13.79M, both below Q1 2025 levels, continuing a theme of year-over-year softness seen through 2025 earnings. Management highlights sequential improvement in talent solutions and non-GAAP metrics such as adjusted gross margin to frame underlying performance. Investors may focus on segment revenues, profitability trends, and future earnings releases versus the historical average move of about ±2.95% on similar reports.

Key Terms

non-gaap financial measures, adjusted gross margin, forward-looking statements, sarbanes-oxley, +1 more

5 terms

non-gaap financial measures financial

"ROBERT HALF INC.NON-GAAP FINANCIAL MEASURESThe financial results of Robert Half Inc."

Non-GAAP financial measures are numbers companies use to show their financial performance that exclude certain expenses or income. They help investors see how the company might perform without one-time costs or other unusual items, giving a different perspective from official reports. However, since they can be adjusted, they don’t always tell the full story and should be looked at alongside standard financial figures.

adjusted gross margin financial

"NON-GAAP FINANCIAL MEASURES ADJUSTED GROSS MARGIN (UNAUDITED): (in thousands)"

Adjusted gross margin is a measure of how much profit a company makes from its sales after accounting for certain expenses or one-time costs, but before deducting other operating expenses. It helps investors see the company's core profitability more clearly by removing factors that might distort the usual profit picture, similar to a runner measuring their speed without considering obstacles or weather. This metric provides a clearer view of the company's ongoing financial health.

forward-looking statements regulatory

"Certain information contained in Management's Discussion and Analysis and in other parts of this report may be deemed forward-looking statements"

Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.

sarbanes-oxley regulatory

"whether there will be ongoing demand for Sarbanes-Oxley or other regulatory compliance services"

A federal law that sets strict rules for corporate financial reporting, internal controls, and auditor independence to make company financial statements more reliable. For investors it acts like a safety inspection for a car: it aims to reduce fraud and errors, increase transparency, and boost confidence in the numbers companies publish, while also imposing compliance costs and oversight that can affect management and governance.

deferred compensation financial

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

Deferred compensation is pay that employees or executives have earned now but will receive at a later date, such as delayed bonuses, retirement benefits, or stock grants. It matters to investors because it creates future obligations and shapes incentives—like a promise to pay later that can affect a company’s reported profits, cash needs and potential stock dilution—so it helps signal how a business manages costs and retains key people.

AI-generated analysis. Not financial advice.

04/23/2026 - 04:05 PM

MENLO PARK, Calif., April 23, 2026 /PRNewswire/ -- 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 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
	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	$ 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
	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	$ 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
	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 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 (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	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 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 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
	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 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
	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 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

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SOURCE Robert Half

FAQ

What were Robert Half (RHI) Q1 2026 revenues and EPS?

Q1 2026 revenues were $1.300 billion and diluted EPS was $0.14. According to the company, net income for the quarter was $13.8 million on those revenues, versus $1.352 billion and $0.17 diluted EPS in Q1 2025.

Did Robert Half (RHI) report growth in any business lines in Q1 2026?

Yes. Talent solutions delivered a second consecutive quarter of positive sequential growth on a same-day constant currency basis. According to the company, revenue trends strengthened late in the quarter and into early April.

How did Robert Half (RHI) cash and capital spending change in Q1 2026?

Cash and equivalents fell to $278.4 million and capital expenditures were $8.5 million. According to the company, capex declined versus Q1 2025 ($12.4 million) while cash balances decreased year-over-year.

When can investors access Robert Half's (RHI) Q1 2026 earnings replay and call details?

A conference call was held April 23, 2026, and a recorded replay is available for 12 months. According to the company, the replay can be accessed via the listed webcast link and the investor center on the company website.