Robert Half Inc. reported a decline in financial performance for the third quarter and the first nine months of 2025, as reflected in its latest 10-Q filing. For the three months ended September 30, 2025, the company generated service revenues of $1.35 billion, a decrease of 7.5% from $1.47 billion in the same period of 2024. Net income for the quarter was $42.9 million, down from $65.5 million a year earlier, resulting in diluted earnings per share of $0.43 compared to $0.64 in the prior year. For the nine months ended September 30, 2025, total revenues were $4.08 billion, a 7.6% decline from $4.41 billion in 2024, with net income of $101.2 million compared to $197.3 million in the previous year.
The company experienced significant changes in its revenue streams, particularly in its contract talent solutions and permanent placement talent solutions segments. Contract talent solutions revenues fell by 10.1% to $746 million for the third quarter, primarily due to a 13.4% decrease in the number of hours worked by engagement professionals, despite a 3.6% increase in average bill rates. Permanent placement talent solutions revenues also decreased by 10.7% to $110 million, driven by a 13.3% drop in placements. In contrast, revenues from Protiviti, the company’s consulting segment, decreased by only 2.6% to $498 million, supported by an 8.2% increase in billable hours.
Operationally, Robert Half maintained a relatively stable employee headcount, with no significant changes compared to year-end levels. The company continues to invest in technology and innovation, particularly in artificial intelligence, to enhance its service offerings and improve operational efficiency. The company’s cash and cash equivalents stood at $365.3 million as of September 30, 2025, down from $570.5 million a year earlier, while accounts receivable increased to $838 million from $772 million, indicating a potential increase in sales activity despite the revenue decline.
Looking ahead, Robert Half's management remains cautious about the economic environment, which has impacted hiring activity and project starts. The company anticipates that demand for its services will depend heavily on macroeconomic conditions and labor market trends. Despite the current challenges, there are signs of improvement in business confidence and hiring urgency, which could lead to increased demand for the company's services in the future. The company has also announced a quarterly dividend of $0.59 per share, reflecting its commitment to returning value to shareholders amidst fluctuating market conditions.
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.
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