Robert Half Inc. reported its financial results for the first quarter of 2026, revealing service revenues of $1.30 billion, a decrease of 3.8% from $1.35 billion in the same period last year. The company's net income for the quarter was $13.8 million, or $0.14 per diluted share, down from $17.4 million, or $0.17 per diluted share, in the first quarter of 2025. The decline in revenue was attributed to ongoing macroeconomic uncertainties affecting client and candidate confidence, although the company noted that market conditions are beginning to improve.

In terms of segment performance, revenues from contract talent solutions decreased by 5.0% to $725 million, primarily due to a 7.2% drop in the number of hours worked by engagement professionals, despite a 2.4% increase in average bill rates. Permanent placement talent solutions revenues fell by 2.8% to $109 million, driven by a 7.5% decrease in placements, partially offset by a 4.7% increase in average fees. Protiviti, the company's consulting segment, reported revenues of $466 million, down 2.2%, with a 6.3% decrease in billable hours worked.

The company’s total assets decreased to $2.70 billion as of March 31, 2026, from $2.86 billion at the end of 2025. Total liabilities also fell to $1.47 billion from $1.58 billion, while stockholders' equity decreased to $1.23 billion from $1.28 billion. The decline in cash and cash equivalents was notable, dropping to $278 million from $464 million, reflecting significant cash outflows primarily due to operating activities, which used $112 million in cash during the quarter.

Robert Half continues to invest in technology and innovation, particularly in artificial intelligence, to enhance its service offerings and improve operational efficiency. The company is also focused on maintaining its workforce levels, with headcount remaining relatively flat across its segments compared to the previous year. Looking ahead, Robert Half anticipates that as economic conditions stabilize, there may be an uptick in hiring activity, which could drive demand for its services. The company remains committed to monitoring economic indicators to align its investments and operational strategies accordingly.

About ROBERT HALF INC.

Robert Half Inc. provides specialized talent solutions and consulting services across finance, accounting, technology, legal, marketing, and creative fields. It offers contract staffing, permanent placement, and business consulting through its brands, serving global clients and candidates. Leveraging a broad office network, advanced AI tools, and a focus on quality, the company aims to connect skilled professionals with organizations to optimize workforce flexibility and business performance.

This description was generated via AI from an annual report. Updated 8 months ago.

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