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  4. [8-K] ROBERT HALF INC. Reports Material Event

Robert Half (NYSE: RHI) Q1 2026 revenue $1.3B, net income $13.8M

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

Robert Half Inc. reported softer first-quarter 2026 results, with revenue of $1.300 billion versus $1.352 billion a year earlier and net income of $13.8 million, or $0.14 per diluted share, down from $0.17.

Management said global enterprise revenue declined 4% on a reported basis and 6% on an adjusted basis, but highlighted a second consecutive quarter of positive sequential growth in talent solutions on a same-day constant currency basis. Adjusted operating income was $28.7 million compared with $18.7 million a year earlier, reflecting reclassification of investment losses tied to employee deferred compensation plans.

Positive

  • Adjusted operating income improved to $28.7 million in Q1 2026 from $18.7 million a year earlier, reflecting stronger underlying operations once investment losses tied to employee deferred compensation trusts are reclassified.
  • Talent solutions showed sequential momentum, with management stating that talent solutions delivered a second consecutive quarter of positive sequential revenue growth on a same-day constant currency basis.

Negative

  • Revenue and earnings declined year over year, with Q1 2026 revenue at $1.300 billion versus $1.352 billion and net income at $13.8 million versus $17.4 million, and diluted EPS falling from $0.17 to $0.14.

Insights

Revenue slipped modestly, earnings fell, while adjusted operating income improved.

Robert Half posted Q1 2026 revenue of $1.300 billion, down from $1.352 billion, with total reported year-over-year revenue growth at -3.8%. Net income declined to $13.8 million, and diluted EPS eased from $0.17 to $0.14.

Management emphasized that global enterprise revenues were down 4% reported and 6% adjusted, but noted positive sequential growth in talent solutions on a same-day constant currency basis. Non-GAAP adjustments mainly reclassify losses on investments held in employee deferred compensation trusts.

Adjusted operating income rose to $28.7 million from $18.7 million, while cash and cash equivalents were $278.4 million as of March 31 2026. Future company filings may provide additional color on whether sequential improvements in talent solutions translate into sustained top-line growth.

Item 2.02 Results of Operations and Financial Condition Financial
Disclosure of earnings results, typically an earnings press release or preliminary financials.
Item 9.01 Financial Statements and Exhibits Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Q1 2026 Revenue $1,300.2M Service revenues for three months ended March 31, 2026
Q1 2025 Revenue $1,351.9M Service revenues for three months ended March 31, 2025
Q1 2026 Net Income $13.8M Net income for three months ended March 31, 2026
Diluted EPS Q1 2026 $0.14 per share Diluted net income per share for three months ended March 31, 2026
Diluted EPS Q1 2025 $0.17 per share Diluted net income per share for three months ended March 31, 2025
Adjusted Operating Income Q1 2026 $28.7M Total adjusted operating income for three months ended March 31, 2026
Cash and Cash Equivalents $278.4M Balance as of March 31, 2026
Total Revenue Growth (Reported) -3.8% YoY Global year-over-year revenue growth Q1 2026, as reported
non-GAAP financial measures financial
"The financial results of Robert Half Inc. ... are prepared in conformity with GAAP ... the Company 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.
adjusted gross margin financial
"the Company supplements its GAAP financial results with the following non-GAAP measures: adjusted gross margin; adjusted selling, general and administrative expenses"
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.
billing days impact financial
"Billing days impact is calculated by dividing each comparative period’s reported revenues by the number of billing days for that period"
The change in reported revenue and cash flow that results when the number of days on which a company issues invoices, delivers billable services, or processes payments varies between reporting periods. It matters to investors because more or fewer billing days can temporarily boost or reduce top-line figures and short-term earnings even if underlying customer activity hasn’t changed—like a store having extra checkout days that raise total sales without increasing daily foot traffic.
foreign currency exchange rates financial
"Foreign currency impact is calculated by retranslating current-period international revenues, using foreign currency exchange rates from the prior year’s comparable period"
Foreign currency exchange rates are the prices at which one country’s money is swapped for another’s, determined by markets, banks, and government policies. They matter to investors because they change the value of overseas sales, costs, assets and liabilities—like a conversion fee that can make foreign profits worth more or less when translated back into an investor’s home currency, affecting returns and company earnings.
employee deferred compensation trusts financial
"Loss from investments held in employee deferred compensation trusts (which is completely offset by related costs and expenses)"
constant currency financial
"positive sequential growth on a same-day constant currency basis, with revenue trends strengthening as the quarter progressed"
Constant currency is a way of measuring financial results that removes the effects of changes in currency exchange rates. It allows for a clearer comparison of a company's performance over time by showing what the numbers would look like if exchange rates had stayed the same. This helps investors understand whether growth comes from actual business improvements or just currency fluctuations.
Revenue $1,300.2M -3.8% YoY
Net income $13.8M
Diluted EPS $0.14
Adjusted operating income $28.7M
Total revenue growth (adjusted) -5.6%
Understanding 8-K Material Events →
0000315213false00003152132026-04-232026-04-23

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549 
 ____________________
FORM 8-K
 ____________________
 CURRENT REPORT
Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) April 23, 2026
 ____________________
Robert Half Inc.
(Exact name of registrant as specified in its charter)
____________________
 
Delaware 01-10427 94-1648752
(State or other jurisdiction
of incorporation)		 (Commission
File Number)		 (IRS Employer
Identification No.)
 
2884 Sand Hill Road, Suite 200,Menlo Park,CA 94025
(Address of principal executive offices) (Zip Code)
Registrant’s telephone number, including area code: (650) 234-6000
NO CHANGE
(Former name or former address, if changed since last report.)
 ____________________
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
☐Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Title of each classTrading Symbol(s)Name of each exchange on which registered
Common Stock, Par Value $.001 per ShareRHINew York Stock Exchange
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).     Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.     ☐


Item 2.02Results of Operations and Financial Condition.
On April 23, 2026, Robert Half Inc. issued a press release reporting earnings for the first fiscal quarter of 2026. A copy of the press release is attached hereto as Exhibit 99.1.
The foregoing information in this Current Report on Form 8-K, including Exhibit 99.1 attached hereto, is being “furnished” and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, and shall not be incorporated by reference in any filing under the Securities Exchange Act of 1934, as amended, or the Securities Act of 1933, as amended, except as expressly set forth by specific reference in such future filing.
Item 9.01Financial Statements and Exhibits.
(d)           Exhibits
Exhibit    Description
99.1    
Robert Half Inc. April 23, 2026 Press Release.
104
Cover Page Interactive Data File - the cover page XBRL tags are embedded within the Inline XBRL document.



SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
 
 Robert Half Inc.
Date: April 23, 2026
 By:    /s/ Michael C. Buckley
 Name: Michael C. Buckley
 Title: Executive Vice President, Chief Financial Officer



Exhibit 99.1
FOR IMMEDIATE RELEASE
 
Contact: 
 M. Keith Waddell
President and Chief Executive Officer
(650) 234-6000

ROBERT HALF REPORTS FIRST-QUARTER FINANCIAL RESULTS
MENLO PARK, Calif., April 23, 2026 — 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










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ROBERT HALF INC.
SUMMARY OF OPERATIONS
(in thousands, except per share amounts)
 
 Three Months Ended
March 31,
 20262025
 (Unaudited)
Service revenues$1,300,179 $1,351,907 
Costs of services820,270 852,862 
Gross margin479,909499,045
Selling, general and administrative expenses442,998460,163
Operating income36,91138,882
Loss from investments held in employee deferred compensation trusts (which is completely offset by related costs and expenses)8,22720,171
Interest income, net(2,758)(3,572)
Income before income taxes31,442 22,283 
Provision for income taxes17,652 4,933 
Net income$13,790 $17,350 
Diluted net income per share$0.14 $0.17 
 
Weighted average shares:
Basic99,622 100,666 
Diluted99,899 101,015 





















- 3 -

ROBERT HALF INC.
SUPPLEMENTAL FINANCIAL INFORMATION
(in thousands)

Three Months Ended
March 31,
20262025
(Unaudited)
SERVICE REVENUES INFORMATION
Contract talent solutions
Finance and accounting$538,753 $562,933 
Administrative and customer support149,335 165,627 
Technology153,758 152,542 
Elimination of intersegment revenues (1)(116,830)(117,897)
Total contract talent solutions725,016 763,205 
Permanent placement talent solutions109,004 112,091 
Protiviti466,159 476,611 
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,
 20262025
 (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,
 20262025
(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 
- 4 -

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.






- 5 -

ROBERT HALF INC.
NON-GAAP FINANCIAL MEASURES
ADJUSTED GROSS MARGIN (UNAUDITED):
(in thousands)
Three Months Ended March 31,Relationships
As ReportedAs AdjustedAs ReportedAs Adjusted
20262025202620252026202520262025
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 solutions390,479 408,794 390,479 408,794 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, 2026Three Months Ended March 31, 2025
Contract talent
solutions		Permanent placement talent solutionsTotal talent solutionsProtivitiTotalContract talent
solutions		Permanent placement talent solutionsTotal talent solutionsProtivitiTotal
$% of Revenue$% 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.
- 6 -

ROBERT HALF INC.
NON-GAAP FINANCIAL MEASURES
ADJUSTED SELLING, GENERAL AND ADMINISTRATIVE EXPENSES (UNAUDITED):
(in thousands)
Three Months Ended March 31,Relationships
As ReportedAs AdjustedAs ReportedAs Adjusted
20262025202620252026202520262025
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 solutions368,887 382,347 375,110 398,479 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, 2026Three Months Ended March 31, 2025
Contract talent
solutions		Permanent placement talent solutionsTotal talent solutionsProtivitiTotalContract talent
solutions		Permanent placement talent solutionsTotal talent solutionsProtivitiTotal
$% of Revenue$% 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.
- 7 -

ROBERT HALF INC.
NON-GAAP FINANCIAL MEASURES
ADJUSTED OPERATING INCOME (UNAUDITED):
(in thousands)
Three Months Ended March 31,Relationships
As ReportedAs AdjustedAs ReportedAs Adjusted
20262025202620252026202520262025
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 solutions21,592 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, 2026Three Months Ended March 31, 2025
Contract talent
solutions		Permanent placement talent solutionsTotal talent solutionsProtivitiTotalContract talent
solutions		Permanent placement talent solutionsTotal talent solutionsProtivitiTotal
$% of Revenue$% 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.
- 8 -

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)
 202420252026202420252026
 Q4Q1Q2Q3Q4Q1Q4Q1Q2Q3Q4Q1
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-3.5-3.40.3-1.5-1.00.8-4.1-1.30.4-1.9-1.2-0.3
Elimination of intersegment revenues (1)18.94.52.91.13.0-0.917.86.82.50.22.2-2.8
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
5.32.71.8-2.6-2.0-2.24.54.71.5-3.4-2.8-3.8
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
6.62.3-0.7-5.5-5.9-6.45.63.6-0.7-5.6-5.6-6.3
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
-15.2-20.7-12.5-9.7-4.04.3-13.9-16.2-12.9-12.4-8.7-3.4
Permanent placement talent solutions-14.7-14.5-10.6-9.0-3.55.7-13.7-10.1-11.2-11.2-7.0-0.9
Total talent solutions-15.1-19.8-12.2-9.6-3.94.5-13.9-15.3-12.6-12.2-8.4-3.0
Protiviti
0.24.413.111.114.716.0-0.47.910.77.59.18.1
Total-10.9-13.6-5.3-3.81.88.1-10.2-9.4-6.3-6.7-3.00.4
(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.


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ROBERT HALF INC.
NON-GAAP FINANCIAL MEASURES
REVENUE GROWTH RATE (%) RECONCILIATION (UNAUDITED):
Year-Over-Year Revenue Growth – GLOBAL
 Q4 2024Q1 2025Q2 2025Q3 2025Q4 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 Impact0.5 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 Impact0.2 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 Impact0.1 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 Reported18.9 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 Adjusted17.8 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 Impact0.4 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 Impact0.4 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 Impact0.4 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 Reported5.3 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 Impact0.0 0.5 -0.7 -0.6 -1.1 -1.6 
As Adjusted4.5 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 Impact0.3 0.8 -0.5 -0.6 -1.1 -1.8 
As Adjusted-6.6 -6.2 -7.1 -8.3 -6.6 -5.6 




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ROBERT HALF INC.
NON-GAAP FINANCIAL MEASURES
REVENUE GROWTH RATE (%) RECONCILIATION (UNAUDITED):

Year-Over-Year Revenue Growth – UNITED STATES
 Q4 2024Q1 2025Q2 2025Q3 2025Q4 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 Reported6.6 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 Adjusted5.6 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 
- 11 -

ROBERT HALF INC.
NON-GAAP FINANCIAL MEASURES
REVENUE GROWTH RATE (%) RECONCILIATION (UNAUDITED):
Year-Over-Year Revenue Growth – INTERNATIONAL
 Q4 2024Q1 2025Q2 2025Q3 2025Q4 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 Impact1.7 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 Impact1.4 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 Impact1.7 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 Reported0.2 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 Impact1.2 3.6 -2.5 -2.9 -5.0 -8.3 
As Adjusted-10.2 -9.4 -6.3 -6.7 -3.0 0.4 




- 12 -

Source: View Original Filing on SEC EDGAR

FAQ

How did Robert Half (RHI) perform financially in Q1 2026?

Robert Half reported Q1 2026 revenue of $1.300 billion and net income of $13.8 million. Diluted earnings per share were $0.14, compared with $0.17 a year earlier, reflecting lower revenue and higher tax expense.

How did Robert Half’s Q1 2026 results compare to Q1 2025?

Revenue declined from $1.352 billion to $1.300 billion, a 3.8% reported decrease. Net income fell from $17.4 million to $13.8 million, and diluted EPS moved from $0.17 to $0.14, indicating weaker profitability year over year.

How did Protiviti perform for Robert Half in Q1 2026?

Protiviti generated service revenue of $466.2 million in Q1 2026, down from $476.6 million a year earlier. Reported year-over-year revenue growth for Protiviti was -2.2% globally, with adjusted growth at -3.8% after billing day and currency effects.

What is Robert Half’s adjusted operating income and why is it important?

Adjusted operating income was $28.7 million in Q1 2026 versus $18.7 million in Q1 2025. This non-GAAP measure removes investment losses from employee deferred compensation trusts, helping investors focus on underlying operational performance by aligning expenses with related investment results.

What does Robert Half disclose about non-GAAP financial measures?

Robert Half presents non-GAAP metrics like adjusted gross margin, adjusted SG&A, adjusted operating income, and adjusted revenue growth rates. These exclude billing day and foreign currency impacts or reclassify deferred compensation investment results, and are used by management to evaluate operating trends.

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