ROBERT HALF REPORTS THIRD-QUARTER FINANCIAL RESULTS

Q: What were Robert Half's third-quarter 2026 earnings and revenue?

Robert Half reported $0.49 in diluted earnings per share and $1.359 billion in revenue for the quarter ended September 30, 2026. A year earlier, diluted earnings per share were $0.43 and revenue was $1.354 billion. Net income increased to $49.870 million from $42.916 million.

Q: How much did Robert Half pay in dividends during the first nine months of 2026?

Robert Half paid $179.841 million in dividends during the nine months ended September 30, 2026, compared with $179.549 million in the corresponding 2025 period.

Q: How do deferred compensation investments affect Robert Half's adjusted financial measures?

Robert Half's adjusted gross margin, selling, general and administrative expenses, and operating income include gains and losses on investments held to fund employee deferred compensation obligations. Management uses these non-GAAP measures to review operational results; they do not replace GAAP results.

Quarterly earnings improved, but nine-month revenue, earnings and cash flows before financing activities remained below year-earlier levels.

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Rhea-AI Sentiment

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Rhea-AI Summary

Robert Half (RHI) reported higher third-quarter 2026 earnings, with diluted earnings per share rising to $0.49 from a year earlier. Revenue reached $1.359 billion, versus $1.354 billion, and net income rose to $49.870 million from $42.916 million. Operating income increased to $74.848 million from $13.588 million.

Contract talent solutions and permanent placement revenues increased, while Protiviti revenue declined. The company said talent solutions returned to adjusted year-over-year revenue growth for the first time since 2022, increasing 2 percent; this measure removes billing-day and currency effects.

For the first nine months, revenue fell to $3.996 billion from $4.076 billion, and diluted earnings per share declined to $0.90 from $1.01. Cash at September 30 was $321.291 million, versus $365.289 million a year earlier. Nine-month net cash flows before financing activities fell to $47.147 million from $74.811 million.

17 points · 0 major

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0 major · 14 points

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Positive

Moderate pointThird-quarter diluted earnings per share rose to $0.49 from $0.43; net income increased to $49.870 million from $42.916 million.
Moderate pointThird-quarter revenue increased to $1.359 billion from $1.354 billion a year earlier.
Moderate pointThird-quarter operating income rose to $74.848 million from $13.588 million a year earlier.
Moderate pointTalent solutions achieved 2 percent adjusted year-over-year revenue growth, its first adjusted growth since 2022.
Minor pointThird-quarter gross margin increased to $532.095 million from $504.231 million a year earlier.

12 minor points

Minor pointThird-quarter selling, general and administrative expenses fell to $457.247 million from $490.643 million.
Minor pointThird-quarter costs of services fell to $827.202 million from $850.246 million a year earlier.
Minor pointThird-quarter enterprise earnings exceeded the guidance midpoint, the company said.
Minor pointContract talent solutions quarterly revenue rose to $758.830 million from $746.223 million.
Minor pointFinance and accounting quarterly revenue rose to $565.593 million from $553.364 million, including intersegment revenue.
Minor pointTechnology quarterly revenue rose to $165.051 million from $157.851 million, including intersegment revenue.
Minor pointPermanent placement revenue rose to $116.946 million quarterly and $343.941 million over nine months, from $110.125 million and $336.929 million.
Minor pointTechnology nine-month revenue rose to $481.011 million from $468.796 million, including intersegment revenue.
Minor pointNine-month costs of services fell to $2,509.810 million from $2,563.377 million.
Minor pointNine-month selling, general and administrative expenses fell to $1,436.571 million from $1,458.740 million.
Minor pointNine-month capital expenditures, including capitalized cloud implementation costs, fell to $46.863 million from $62.243 million.
Minor pointNine-month common-stock repurchases returned $6.770 million to shareholders.

Negative

Moderate pointNine-month revenue declined to $3.996 billion from $4.076 billion a year earlier.
Moderate pointNine-month diluted earnings per share fell to $0.90 from $1.01; net income declined to $89.978 million from $101.234 million.
Moderate pointNine-month operating income fell to $49.460 million from $54.010 million a year earlier.
Moderate pointNine-month net cash flows before financing activities declined to $47.147 million from $74.811 million.
Minor pointNine-month gross margin declined to $1,486.031 million from $1,512.750 million a year earlier.

9 minor points

Minor pointProtiviti revenue fell to $483.521 million quarterly and $1,420.649 million over nine months, from $498.129 million and $1,469.962 million.
Minor pointContract talent solutions nine-month revenue declined to $2,231.251 million from $2,269.236 million.
Minor pointFinance and accounting nine-month revenue fell to $1,656.068 million from $1,671.923 million, including intersegment revenue.
Minor pointAdministrative and customer support quarterly revenue fell to $154.365 million from $158.689 million, including intersegment revenue.
Minor pointAdministrative and customer support nine-month revenue fell to $458.559 million from $489.907 million, including intersegment revenue.
Minor pointCash and cash equivalents fell to $321.291 million from $365.289 million at the respective September 30 dates.
Minor pointCurrent liabilities rose to $1,439.794 million from $1,364.925 million at the respective September 30 dates.
Minor pointStockholders' equity fell to $1,208.970 million from $1,286.092 million at the respective September 30 dates.
Minor pointNine-month income tax provision increased to $56.722 million from $46.201 million.

Argus 15 min delay 76 alerts

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Details

Market move: RHI +10.14% vs previous close. 3Q26 earnings report

$34.34 – $42.98 Day Range

$4.25B Mkt Cap at Last Price

On Oct 22, the day this news came out, the latest delayed price for RHI is 10.14% above the previous close. Our momentum scanner has recorded 76 alerts for this stock so far that day. The latest delayed price is $41.50. Relative volume is elevated at 2.0x the average.

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Key Figures

Q3 revenue: $1.359B vs. $1.354B Q3 net income: $49.870M vs. $42.916M Q3 diluted EPS: $0.49 vs. $0.43 +3 more

Q3 revenue: $1.359B vs. $1.354B; Three months ended September 30, 2026 vs. 2025
Q3 net income: $49.870M vs. $42.916M; Three months ended September 30, 2026 vs. 2025
Q3 diluted EPS: $0.49 vs. $0.43; Three months ended September 30, 2026 vs. 2025
Nine-month revenue: $3.996B vs. $4.076B; Nine months ended September 30, 2026 vs. 2025
Nine-month net income: $89.978M vs. $101.234M; Nine months ended September 30, 2026 vs. 2025
Talent solutions adjusted revenue growth: 2%; Year over year in Q3 2026

Previous Earnings Reports

5 past events · Latest: Jul 23

Same Type 5 events

Jul 23
Q2 earnings report

24h Move

-6.8%

Q2 net income and revenue declined year over year; reported operating loss.
Apr 23
Q1 earnings report

24h Move

-5.8%

Q1 revenue and net income were lower than the prior-year quarter.
Jan 29
Q4 earnings report

24h Move

+27.8%

Q4 and full-year net income and revenue were below the prior-year periods.
Oct 22
Q3 earnings report

24h Move

-1.3%

Q3 and year-to-date revenue and net income declined year over year.
Jul 23
Q2 earnings report

24h Move

-6.0%

Q2 net income and revenue fell year over year amid weaker hiring activity.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

gaap, non-gaap financial measures

2 terms

gaap financial

"prepared in conformity with accounting principles generally accepted in the United States"

GAAP, or Generally Accepted Accounting Principles, are a set of standardized rules and guidelines that companies follow when preparing their financial statements. They ensure consistency, transparency, and comparability across different companies, making it easier for investors to understand and compare financial information accurately. This helps investors make informed decisions based on trustworthy and uniform financial reports.

View in glossary

non-gaap financial measures financial

"supplements its GAAP financial results with the following non-GAAP measures"

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.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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10/22/2026 - 04:05 PM EDT

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.

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 %

	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

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What were Robert Half's third-quarter 2026 earnings and revenue?

Robert Half reported $0.49 in diluted earnings per share and $1.359 billion in revenue for the quarter ended September 30, 2026. A year earlier, diluted earnings per share were $0.43 and revenue was $1.354 billion. Net income increased to $49.870 million from $42.916 million.

How much did Robert Half pay in dividends during the first nine months of 2026?

Robert Half paid $179.841 million in dividends during the nine months ended September 30, 2026, compared with $179.549 million in the corresponding 2025 period.

How do deferred compensation investments affect Robert Half's adjusted financial measures?

Robert Half's adjusted gross margin, selling, general and administrative expenses, and operating income include gains and losses on investments held to fund employee deferred compensation obligations. Management uses these non-GAAP measures to review operational results; they do not replace GAAP results.

ROBERT HALF REPORTS THIRD-QUARTER FINANCIAL RESULTS