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

ROBERT HALF REPORTS THIRD-QUARTER FINANCIAL RESULTS
MENLO PARK, Calif., October 22, 2025 — Robert Half Inc. (NYSE symbol: RHI) today reported revenues and earnings for the third quarter ended September 30, 2025.
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 three months ended September 30, 2024, net income was $65 million, or $0.64 per share, on revenues of $1.465 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 nine months ended September 30, 2024, net income was $197 million, or $1.91 per share, on revenues of $4.413 billion.
“Client and job seeker caution continued during the quarter, subduing hiring activity and new project starts,” said M. Keith Waddell, president and chief executive officer at Robert Half. “That said, we are encouraged by the weekly trends in contract talent revenues, which sustained late second-quarter levels for most of the third quarter and began to grow sequentially in September and into October. Our fourth-quarter revenue guidance, at and above the midpoint, reflects a return to sequential growth on a same-day constant currency basis for the first time since the second quarter of 2022.
“We remain very well-positioned to capitalize on these emerging opportunities and meet our clients’ evolving talent and consulting needs. Our industry-leading brand, talented people, advanced technology, and unique combination of professional staffing and business consulting services continue to set us apart and position us for long-term success.
“Our employees’ commitment to success earned us several honors in the third quarter, including being named by Forbes among the World’s Best Employers and America’s Best Employers for Company Culture, and by Fortune as one of the Best Workplaces in Consulting and Professional Services™,” Waddell concluded.
Robert Half management will conduct a conference call today at 5 p.m. EDT. 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 7677121.
A recording of this call will be available for audio replay beginning at approximately 8 p.m. EDT on October 22 and ending after 12 months. To access the replay, visit https://webcasts.com/RobertHalfQ32025. 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® World’s 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 our 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, 2024, 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
September 30,		Nine Months Ended
September 30,
 2025202420252024
 (Unaudited)(Unaudited)
Service revenues$1,354,477 $1,465,004 $4,076,127 $4,413,465 
Costs of services850,246 893,348 2,563,377 2,702,333 
Gross margin504,231571,6561,512,7501,711,132
Selling, general and administrative expenses490,643511,0911,458,7401,534,126
Operating income13,58860,56554,010177,006
Income from investments held in employee deferred compensation trusts (which is completely offset by related costs and expenses)(47,621)(29,230)(85,104)(88,339)
Interest income, net(2,510)(5,391)(8,321)(16,990)
Income before income taxes63,719 95,186 147,435 282,335 
Provision for income taxes20,803 29,735 46,201 85,027 
Net income$42,916 $65,451 $101,234 $197,308 
Diluted net income per share$0.43 $0.64 $1.01 $1.91 
 
Weighted average shares:
Basic99,897 102,175 100,321 103,034 
Diluted100,041 102,393 100,529 103,371 





















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ROBERT HALF INC.
SUPPLEMENTAL FINANCIAL INFORMATION
(in thousands)

Three Months Ended
September 30,		Nine Months Ended
September 30,
2025202420252024
(Unaudited)(Unaudited)
SERVICE REVENUES INFORMATION
Contract talent solutions
Finance and accounting$553,364 $614,131 $1,671,923 $1,879,221 
Administrative and customer support158,689 178,409 489,907 568,685 
Technology157,851 160,184 468,796 476,053 
Elimination of intersegment revenues (1)(123,681)(122,321)(361,390)(351,601)
Total contract talent solutions746,223 830,403 2,269,236 2,572,358 
Permanent placement talent solutions110,125 123,275 336,929 379,105 
Protiviti498,129 511,326 1,469,962 1,462,002 
Total service revenues$1,354,477 $1,465,004 $4,076,127 $4,413,465 
(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,
 20252024
 (Unaudited)
SELECTED BALANCE SHEET INFORMATION:
Cash and cash equivalents$365,289 $570,466 
Accounts receivable, net$838,002 $885,401 
Total assets$2,846,378 $2,982,225 
Total current liabilities$1,364,925 $1,310,252 
Total stockholders’ equity$1,286,092 $1,473,835 
 Nine Months Ended September 30,
 20252024
(Unaudited)
SELECTED CASH FLOW INFORMATION:
Depreciation$37,893 $38,713 
Capitalized cloud computing implementation costs $20,835 $22,879 
Capital expenditures$41,408 $42,012 
Open market repurchases of common stock (shares)1,7022,460 
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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.






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ROBERT HALF INC.
NON-GAAP FINANCIAL MEASURES
ADJUSTED GROSS MARGIN (UNAUDITED):
(in thousands)
Three Months Ended September 30,RelationshipsNine Months Ended September 30,Relationships
As ReportedAs AdjustedAs ReportedAs AdjustedAs ReportedAs AdjustedAs ReportedAs Adjusted
2025202420252024202520242025202420252024202520242025202420252024
Gross Margin
Contract talent solutions
$290,121 $323,035 $290,121 $323,035 38.9%38.9%38.9%38.9%$884,421 $1,009,766 $884,421 $1,009,766 39.0%39.3%39.0%39.3%
Permanent placement talent solutions
109,903 123,004 109,903 123,004 99.8%99.8%99.8%99.8%336,315 378,353 336,315 378,353 99.8%99.8%99.8%99.8%
Total talent solutions400,024 446,039 400,024 446,039 46.7%46.8%46.7%46.8%1,220,736 1,388,119 1,220,736 1,388,119 46.8%47.0%46.8%47.0%
Protiviti
104,207 125,617 114,627 131,707 20.9%24.6%23.0%25.8%292,014 323,013 311,196 340,690 19.9%22.1%21.2%23.3%
Total$504,231 $571,656 $514,651 $577,746 37.2%39.0%38.0%39.4%$1,512,750 $1,711,132 $1,531,932 $1,728,809 37.1%38.8%37.6%39.2%
The following tables provide reconciliations of the non-GAAP adjusted gross margin to reported gross margin for the three months ended September 30, 2025 and 2024:
Three Months Ended September 30, 2025Three Months Ended September 30, 2024
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$290,121 38.9%$109,903 99.8%$400,024 46.7%$104,207 20.9%$504,231 37.2%$323,035 38.9%$123,004 99.8%$446,039 46.8%$125,617 24.6%$571,656 39.0%
Adjustments (1)— — — — — — 10,420 2.1%10,420 0.8%— — — — — — 6,090 1.2%6,090 0.4%
As Adjusted$290,121 38.9%$109,903 99.8%$400,024 46.7%$114,627 23.0%$514,651 38.0%$323,035 38.9%$123,004 99.8%$446,039 46.8%$131,707 25.8%$577,746 39.4%
The following tables provide reconciliations of the non-GAAP adjusted gross margin to reported gross margin for the nine months ended September 30, 2025 and 2024:
Nine Months Ended September 30, 2025Nine Months Ended September 30, 2024
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$884,421 39.0%$336,315 99.8%$1,220,736 46.8%$292,014 19.9%$1,512,750 37.1%$1,009,766 39.3%$378,353 99.8%$1,388,119 47.0%$323,013 22.1%$1,711,132 38.8%
Adjustments (1)— — — — — — 19,182 1.3%19,182 0.5%— — — — — — 17,677 1.2%17,677 0.4%
As Adjusted$884,421 39.0%$336,315 99.8%$1,220,736 46.8%$311,196 21.2%$1,531,932 37.6%$1,009,766 39.3%$378,353 99.8%$1,388,119 47.0%$340,690 23.3%$1,728,809 39.2%
(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 is presented separately. The non-GAAP financial adjustments shown in the table above are to reclassify investment income 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.
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ROBERT HALF INC.
NON-GAAP FINANCIAL MEASURES
ADJUSTED SELLING, GENERAL AND ADMINISTRATIVE EXPENSES (UNAUDITED):
(in thousands)
Three Months Ended September 30,RelationshipsNine Months Ended September 30,Relationships
As ReportedAs AdjustedAs ReportedAs AdjustedAs ReportedAs AdjustedAs ReportedAs Adjusted
2025202420252024202520242025202420252024202520242025202420252024
Selling, General and
  Administrative Expenses
Contract talent solutions
$306,844 $317,727 $273,755 $297,191 41.1%38.3%36.7%35.8%$901,927 $958,201 $842,941 $895,658 39.7%37.2%37.1%34.8%
Permanent placement talent solutions
106,404 113,421 102,292 110,817 96.6%92.0%92.9%89.9%323,757 346,282 316,821 338,163 96.1%91.3%94.0%89.2%
Total talent solutions413,248 431,148 376,047 408,008 48.3%45.2%43.9%42.8%1,225,684 1,304,483 1,159,762 1,233,821 47.0%44.2%44.5%41.8%
Protiviti
77,395 79,943 77,395 79,943 15.5%15.6%15.5%15.6%233,056 229,643 233,056 229,643 15.9%15.7%15.9%15.7%
Total$490,643 $511,091 $453,442 $487,951 36.2%34.9%33.5%33.3%$1,458,740 $1,534,126 $1,392,818 $1,463,464 35.8%34.8%34.2%33.2%
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, 2025 and 2024:
Three Months Ended September 30, 2025Three Months Ended September 30, 2024
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$306,844 41.1%$106,404 96.6%$413,248 48.3%$77,395 15.5%$490,643 36.2%$317,727 38.3%$113,421 92.0%$431,148 45.2%$79,943 15.6%$511,091 34.9%
Adjustments (1)(33,089)(4.4%)(4,112)(3.7%)(37,201)(4.4%)— —(37,201)(2.7%)(20,536)(2.5%)(2,604)(2.1%)(23,140)(2.4%)— —(23,140)(1.6%)
As Adjusted$273,755 36.7%$102,292 92.9%$376,047 43.9%$77,395 15.5%$453,442 33.5%$297,191 35.8%$110,817 89.9%$408,008 42.8%$79,943 15.6%$487,951 33.3%
The following tables provide reconciliations of the non-GAAP adjusted selling, general and administrative expenses to reported selling, general and administrative expenses for the nine months ended September 30, 2025 and 2024:
Nine Months Ended September 30, 2025Nine Months Ended September 30, 2024
Contract talent solutionsPermanent placement talent solutionsTotal talent solutionsProtivitiTotalContract talent solutionsPermanent 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$901,927 39.7%$323,757 96.1%$1,225,684 47.0%$233,056 15.9%$1,458,740 35.8%$958,201 37.2%$346,282 91.3%$1,304,483 44.2%$229,643 15.7%$1,534,126 34.8%
Adjustments (1)(58,986)(2.6%)(6,936)(2.1%)(65,922)(2.5%)— —(65,922)(1.6%)(62,543)(2.4%)(8,119)(2.1%)(70,662)(2.4%)— —(70,662)(1.6%)
As Adjusted$842,941 37.1%$316,821 94.0%$1,159,762 44.5%$233,056 15.9%$1,392,818 34.2%$895,658 34.8%$338,163 89.2%$1,233,821 41.8%$229,643 15.7%$1,463,464 33.2%
(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 is presented separately. The non-GAAP financial adjustments shown in the table above are to reclassify investment income 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.
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ROBERT HALF INC.
NON-GAAP FINANCIAL MEASURES
ADJUSTED OPERATING INCOME (UNAUDITED):
(in thousands)
Three Months Ended September 30,RelationshipsNine Months Ended September 30,Relationships
As ReportedAs AdjustedAs ReportedAs AdjustedAs ReportedAs AdjustedAs ReportedAs Adjusted
2025202420252024202520242025202420252024202520242025202420252024
Operating income (loss)
Contract talent solutions
$(16,723)$5,308 $16,366 $25,844 (2.2%)0.6%2.2%3.1%$(17,506)$51,565 $41,480 $114,108 (0.8%)2.0%1.8%4.4%
Permanent placement talent solutions
3,499 9,583 7,611 12,187 3.2%7.8%6.9%9.9%12,558 32,071 19,494 40,190 3.7%8.5%5.8%10.6%
Total talent solutions(13,224)14,891 23,977 38,031 (1.5%)1.6%2.8%4.0%(4,948)83,636 60,974 154,298 (0.2%)2.8%2.3%5.2%
Protiviti
26,812 45,674 37,232 51,764 5.4%8.9%7.5%10.1%58,958 93,370 78,140 111,047 4.0%6.4%5.3%7.6%
Total$13,588 $60,565 $61,209 $89,795 1.0%4.1%4.5%6.1%$54,010 $177,006 $139,114 $265,345 1.3%4.0%3.4%6.0%

The following tables provide reconciliations of the non-GAAP adjusted operating income to reported operating income (loss) for the three months ended September 30, 2025 and 2024:
Three Months Ended September 30, 2025Three Months Ended September 30, 2024
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 (loss)
As Reported$(16,723)(2.2%)$3,499 3.2%$(13,224)(1.5%)$26,812 5.4%$13,588 1.0%$5,308 0.6%$9,583 7.8%$14,891 1.6%$45,674 8.9%$60,565 4.1%
Adjustments (1)33,089 4.4%4,112 3.7%37,201 4.3%10,420 2.1%47,621 3.5%20,536 2.5%2,604 2.1%23,140 2.4%6,090 1.2%29,230 2.0%
As Adjusted$16,366 2.2%$7,611 6.9%$23,977 2.8%$37,232 7.5%$61,209 4.5%$25,844 3.1%$12,187 9.9%$38,031 4.0%$51,764 10.1%$89,795 6.1%

The following tables provide reconciliations of the non-GAAP adjusted operating income to reported operating income (loss) for the nine months ended September 30, 2025 and 2024:

Nine Months Ended September 30, 2025Nine Months Ended September 30, 2024
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 (loss)
As Reported$(17,506)(0.8%)$12,558 3.7%$(4,948)(0.2%)$58,958 4.0%$54,010 1.3%$51,565 2.0%$32,071 8.5%$83,636 2.8%$93,370 6.4%$177,006 4.0%
Adjustments (1)58,986 2.6%6,936 2.1%65,922 2.5%19,182 1.3%85,104 2.1%62,543 2.4%8,119 2.1%70,662 2.4%17,677 1.2%88,339 2.0%
As Adjusted$41,480 1.8%$19,494 5.8%$60,974 2.3%$78,140 5.3%$139,114 3.4%$114,108 4.4%$40,190 10.6%$154,298 5.2%$111,047 7.6%$265,345 6.0%

(1)Changes in the Company’s employee deferred compensation plan obligations related to talent solutions operations are included in operating income (loss). The non-GAAP financial adjustments shown in the table above are to reclassify investment income 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.
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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)
 2024202520242025
 Q2Q3Q4Q1Q2Q3Q2Q3Q4Q1Q2Q3
Global
Finance and accounting-13.6-9.2-9.5-12.3-10.8-9.9-13.5-10.5-9.8-10.0-10.8-10.7
Administrative and customer support-9.8-9.2-8.8-17.2-13.0-11.1-9.8-10.8-9.4-15.2-13.3-12.1
Technology-13.1-6.1-3.5-3.40.3-1.5-13.1-7.6-4.1-1.30.4-1.9
Elimination of intersegment revenues (1)1.421.618.94.52.91.11.319.417.86.82.50.2
Total contract talent solutions
-14.5-11.9-11.5-14.0-11.1-10.1-14.4-13.2-11.8-11.8-11.1-10.9
Permanent placement talent solutions-12.2-11.9-11.1-10.2-12.5-10.7-12.0-13.2-11.4-7.8-12.6-11.4
Total talent solutions-14.2-11.9-11.4-13.5-11.3-10.2-14.0-13.2-11.7-11.3-11.3-11.0
Protiviti
-0.96.45.32.71.8-2.6-0.94.54.54.71.5-3.4
Total-10.2-6.3-6.1-8.4-7.0-7.5-10.1-7.7-6.6-6.2-7.1-8.3
United States
Contract talent solutions
-15.7-12.4-10.3-11.8-10.7-10.3-15.8-13.7-11.2-10.7-10.7-10.4
Permanent placement talent solutions-11.5-9.0-9.6-8.5-13.2-11.3-11.7-10.4-10.4-7.3-13.2-11.4
Total talent solutions-15.2-12.0-10.2-11.4-11.0-10.4-15.3-13.3-11.1-10.3-11.0-10.5
Protiviti
3.39.36.62.3-0.7-5.53.17.65.63.6-0.7-5.6
Total-9.6-5.2-4.7-6.9-7.4-8.6-9.7-6.7-5.7-5.7-7.4-8.7
International
Contract talent solutions
-10.0-10.6-15.2-20.7-12.5-9.7-9.4-11.7-13.9-16.2-12.9-12.4
Permanent placement talent solutions-13.8-18.6-14.7-14.5-10.6-9.0-13.0-19.8-13.7-10.1-11.2-11.2
Total talent solutions-10.7-11.9-15.1-19.8-12.2-9.6-10.0-13.0-13.9-15.3-12.6-12.2
Protiviti
-16.2-5.60.24.413.111.1-15.9-8.1-0.47.910.77.5
Total-12.2-10.2-10.9-13.6-5.3-3.8-11.6-11.7-10.2-9.4-6.3-6.7
(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
 Q2 2024Q3 2024Q4 2024Q1 2025Q2 2025 Q3 2025
Finance and accounting
As Reported-13.6 -9.2 -9.5 -12.3 -10.8 -9.9 
Billing Days Impact-0.3 -1.5 -0.8 1.3 0.4 -0.2 
Currency Impact0.4 0.2 0.5 1.0 -0.4 -0.6 
As Adjusted -13.5 -10.5 -9.8 -10.0 -10.8 -10.7 
Administrative and customer support
As Reported-9.8 -9.2 -8.8 -17.2 -13.0 -11.1 
Billing Days Impact-0.3 -1.5 -0.8 1.3 0.4 0.0 
Currency Impact0.3 -0.1 0.2 0.7 -0.7 -1.0 
As Adjusted -9.8 -10.8 -9.4 -15.2 -13.3 -12.1 
Technology
As Reported-13.1 -6.1 -3.5 -3.4 0.3 -1.5 
Billing Days Impact-0.3 -1.5 -0.7 1.4 0.5 -0.1 
Currency Impact0.3 0.0 0.1 0.7 -0.4 -0.3 
As Adjusted -13.1 -7.6 -4.1 -1.3 0.4 -1.9 
Elimination of intersegment revenues
As Reported1.4 21.6 18.9 4.5 2.9 1.1 
Billing Days Impact-0.3 -1.9 -1.0 1.6 0.5 -0.1 
Currency Impact0.2 -0.3 -0.1 0.7 -0.9 -0.8 
As Adjusted1.3 19.4 17.8 6.8 2.5 0.2 
Total contract talent solutions
As Reported-14.5 -11.9 -11.5 -14.0 -11.1 -10.1 
Billing Days Impact-0.3 -1.4 -0.7 1.3 0.4 -0.2 
Currency Impact0.4 0.1 0.4 0.9 -0.4 -0.6 
As Adjusted-14.4 -13.2 -11.8 -11.8 -11.1 -10.9 
Permanent placement talent solutions
As Reported-12.2 -11.9 -11.1 -10.2 -12.5 -10.7 
Billing Days Impact-0.3 -1.4 -0.7 1.3 0.5 -0.1 
Currency Impact0.5 0.1 0.4 1.1 -0.6 -0.6 
As Adjusted-12.0 -13.2 -11.4 -7.8 -12.6 -11.4 
Total talent solutions
As Reported-14.2 -11.9 -11.4 -13.5 -11.3 -10.2 
Billing Days Impact-0.2 -1.4 -0.7 1.2 0.4 -0.2 
Currency Impact0.4 0.1 0.4 1.0 -0.4 -0.6 
As Adjusted-14.0 -13.2 -11.7 -11.3 -11.3 -11.0 
Protiviti
As Reported-0.9 6.4 5.3 2.7 1.8 -2.6 
Billing Days Impact-0.3 -1.7 -0.8 1.5 0.4 -0.2 
Currency Impact0.3 -0.2 0.0 0.5 -0.7 -0.6 
As Adjusted-0.9 4.5 4.5 4.7 1.5 -3.4 
Total
As Reported-10.2 -6.3 -6.1 -8.4 -7.0 -7.5 
Billing Days Impact-0.3 -1.4 -0.8 1.4 0.4 -0.2 
Currency Impact0.4 0.0 0.3 0.8 -0.5 -0.6 
As Adjusted-10.1 -7.7 -6.6 -6.2 -7.1 -8.3 




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

Year-Over-Year Revenue Growth – UNITED STATES
 Q2 2024Q3 2024Q4 2024Q1 2025Q2 2025 Q3 2025
Contract talent solutions
As Reported-15.7 -12.4 -10.3 -11.8 -10.7 -10.3 
Billing Days Impact-0.1 -1.3 -0.9 1.1 0.0 -0.1 
Currency Impact――――――
As Adjusted-15.8 -13.7 -11.2 -10.7 -10.7 -10.4 
Permanent placement talent solutions
As Reported-11.5 -9.0 -9.6 -8.5 -13.2 -11.3 
Billing Days Impact-0.2 -1.4 -0.8 1.2 0.0 -0.1 
Currency Impact――――――
As Adjusted-11.7 -10.4 -10.4 -7.3 -13.2 -11.4 
Total talent solutions
As Reported-15.2 -12.0 -10.2 -11.4 -11.0 -10.4 
Billing Days Impact-0.1 -1.3 -0.9 1.1 0.0 -0.1 
Currency Impact――――――
As Adjusted-15.3 -13.3 -11.1 -10.3 -11.0 -10.5 
Protiviti
As Reported3.3 9.3 6.6 2.3 -0.7 -5.5 
Billing Days Impact-0.2 -1.7 -1.0 1.3 0.0 -0.1 
Currency Impact――――――
As Adjusted3.1 7.6 5.6 3.6 -0.7 -5.6 
Total
As Reported-9.6 -5.2 -4.7 -6.9 -7.4 -8.6 
Billing Days Impact-0.1 -1.5 -1.0 1.2 0.0 -0.1 
Currency Impact――――――
As Adjusted-9.7 -6.7 -5.7 -5.7 -7.4 -8.7 
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ROBERT HALF INC.
NON-GAAP FINANCIAL MEASURES
REVENUE GROWTH RATE (%) RECONCILIATION (UNAUDITED):
Year-Over-Year Revenue Growth – INTERNATIONAL
 Q2 2024Q3 2024Q4 2024Q1 2025Q2 2025 Q3 2025
Contract talent solutions
As Reported-10.0 -10.6 -15.2 -20.7 -12.5 -9.7 
Billing Days Impact-1.1 -1.6 -0.4 0.6 1.4 0.0 
Currency Impact1.7 0.5 1.7 3.9 -1.8 -2.7 
As Adjusted-9.4 -11.7 -13.9 -16.2 -12.9 -12.4 
Permanent placement talent solutions
As Reported-13.8 -18.6 -14.7 -14.5 -10.6 -9.0 
Billing Days Impact-1.0 -1.6 -0.4 0.6 1.4 0.0 
Currency Impact1.8 0.4 1.4 3.8 -2.0 -2.2 
As Adjusted-13.0 -19.8 -13.7 -10.1 -11.2 -11.2 
Total talent solutions
As Reported-10.7 -11.9 -15.1 -19.8 -12.2 -9.6 
Billing Days Impact-1.0 -1.6 -0.5 0.6 1.4 0.0 
Currency Impact1.7 0.5 1.7 3.9 -1.8 -2.6 
As Adjusted-10.0 -13.0 -13.9 -15.3 -12.6 -12.2 
Protiviti
As Reported-16.2 -5.6 0.2 4.4 13.1 11.1 
Billing Days Impact-1.0 -1.7 -0.4 0.7 1.7 0.0 
Currency Impact1.3 -0.8 -0.2 2.8 -4.1 -3.6 
As Adjusted-15.9 -8.1 -0.4 7.9 10.7 7.5 
Total
As Reported-12.2 -10.2 -10.9 -13.6 -5.3 -3.8 
Billing Days Impact-1.0 -1.6 -0.5 0.6 1.5 0.0 
Currency Impact1.6 0.1 1.2 3.6 -2.5 -2.9 
As Adjusted-11.6 -11.7 -10.2 -9.4 -6.3 -6.7 




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