Robert Half Earnings Call Transcripts
Fiscal Year 2026
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Q3 revenue was roughly flat on an adjusted basis, while Talent Solutions returned to growth and EPS rose 14% YoY. Q4 midpoint guidance implies 3% adjusted revenue growth and 30% higher EPS YoY.
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Q2 2026 revenues declined 2% year-over-year, but Talent Solutions showed sequential growth and Permanent Placement returned to year-over-year growth. Protiviti faced regulatory headwinds but saw record technology consulting revenues. Guidance calls for flat to modest growth in Q3, with cost actions supporting margin recovery.
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Q1 2026 revenues declined 4% year-over-year, but Talent Solutions showed sequential growth, especially in technology. Protiviti faced U.S. regulatory headwinds but took cost actions to restore margins. Q2 guidance anticipates continued sequential growth, with Q3 expected to return to positive year-over-year growth.
Fiscal Year 2025
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Q4 2025 saw a 6% revenue decline year-over-year but marked a return to sequential growth, with strong cash flow and positive momentum into 2026. Protiviti's tech consulting led segment growth, and guidance anticipates continued margin improvement despite a cautious revenue outlook.
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Q3 2025 revenues fell 8% year-over-year, with net income per share at $0.43. Sequential growth in contract talent revenues emerged late in Q3, and Q4 guidance signals a return to positive sequential growth. Dividend remains well-covered by free cash flow.
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Q2 revenues fell 7% year-over-year to $1.37B, with EPS at $0.41; Talent Solutions declined, while Protiviti grew modestly. Guidance anticipates continued revenue pressure but sequential margin improvement, with technology and international operations as bright spots.
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Q1 2025 revenues declined 8% year-over-year, with net income per share dropping to $0.17 due to one-time cost actions. Protiviti grew revenues 5% but saw margin compression from restructuring charges. $80 million in annual cost savings are expected, and the dividend remains a capital allocation priority.
Fiscal Year 2024
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Q4 2024 revenues declined 6% YoY, with Protiviti showing strong growth and stable contract revenues. Guidance for Q1 2025 anticipates a 3% YoY revenue decline, with Protiviti expected to grow 8–10%. Business confidence and labor market indicators remain robust.
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Q3 2024 revenue fell 6% year-over-year, but results exceeded expectations due to strong Protiviti growth. Talent Solutions declined, while Protiviti saw sequential and annual gains. Q4 guidance anticipates continued Talent Solutions softness and Protiviti growth.
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Second quarter revenues declined 10% year-over-year to $1.473 billion, with EPS at $0.66. Protiviti outperformed with broad-based growth, while Talent Solutions saw continued softness. Q3 guidance anticipates further revenue declines and includes a restructuring charge for Protiviti International.