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10-K2026-02-13· glm-5

RHI · Robert Half International Inc.

0000315213-26-000006

SEC filing

Summary

Robert Half International Inc. (RHI) reported service revenues of $5.38 billion for the fiscal year ended December 31, 2025. The company achieved a gross margin of $2.00 billion, resulting in an operating income of $76.5 million. Net income for the period was $133.0 million, translating to basic and diluted earnings per share of $1.00. The company maintained a strong liquidity position with $464.4 million in cash and cash equivalents and total stockholders' equity of $1.28 billion. Operating cash flows remained robust at $320.0 million, significantly exceeding net income. However, the company utilized $330.3 million in financing activities, primarily for dividends ($238.2 million) and share repurchases ($92.1 million). The balance sheet reflects a stable financial structure with total assets of $2.86 billion against total liabilities of $1.58 billion. No prior year comparative figures were provided in the source data, limiting year-over-year performance analysis.

Key takeaways

Full analysis

Performance Summary

For the fiscal year ended December 31, 2025, Robert Half International Inc. reported service revenues of $5.38 billion. The cost of services amounted to $3.38 billion, yielding a gross profit of $2.00 billion. After accounting for $1.93 billion in selling, general, and administrative expenses, the company generated an operating income of $76.5 million. Additional income from investments held in employee deferred compensation trusts ($106.1 million) and net interest income ($11.8 million) contributed to a pre-tax income of $194.4 million. Following a tax provision of $61.4 million, net income settled at $133.0 million. Basic and diluted earnings per share were both reported at $1.00, based on weighted average shares of approximately 100.1 million and 100.3 million, respectively.

Revenue Analysis

The company disclosed consolidated service revenues of $5.38 billion. The provided financial statements and XBRL data do not contain a breakdown of revenues by operating segment, geographic region, or specific service line. Consequently, a detailed analysis of revenue drivers or segment performance cannot be provided based solely on the available data. The revenue figure represents the aggregate of all service activities conducted by the company during the fiscal year.

Margins & Profitability

The company reported a gross margin of 37.2% ($2.00B / $5.38B). Operating margin was 1.4% ($76.5M / $5.38B), indicating significant pressure from selling, general, and administrative expenses which consumed the majority of the gross profit. The effective tax rate was approximately 31.6% ($61.4M / $194.4M). Profitability was supported by $106.1 million in investment income from employee deferred compensation trusts, which notably exceeded the reported operating income, highlighting the impact of non-operational financial activities on the bottom line.

Cash Flow & Balance Sheet

Net cash provided by operating activities was $320.0 million. Capital expenditures totaled $53.2 million, resulting in a free cash flow of approximately $266.8 million. The company returned significant capital to shareholders, paying $238.2 million in dividends and repurchasing $92.1 million of common stock. On the balance sheet, total assets were $2.86 billion, including $464.4 million in cash. Total liabilities were $1.58 billion, with total stockholders' equity at $1.28 billion. The company holds significant employee deferred compensation trust assets ($773.9M) offset by corresponding obligations ($771.6M).

Outlook

The provided financial data and document content do not contain specific forward-looking statements, management guidance, or strategic priorities regarding future fiscal years. No information regarding risk factors or anticipated market conditions was included in the source text. Therefore, an assessment of the company's future outlook cannot be derived from the provided input.