RHI · Robert Half International Inc.

Robert Half's first-quarter 2026 results reflect a challenging year-over-year comparison, with revenues declining 4% to $1.300 billion from $1.352 billion in the prior-year quarter. Net income fell to $13.8 million ($0.14 per diluted share) from $17.4 million ($0.17 per share). The revenue decline was broad-based across segments: contract talent solutions revenues decreased to $725.0 million from $763.2 million, permanent placement revenues slipped to $109.0 million from $112.1 million, and Protiviti revenues edged down to $466.2 million from $476.6 million. Gross margin contracted slightly to 36.9% from 36.9% (as reported), while operating income dropped to $36.9 million from $38.9 million. Management commentary highlighted that talent solutions delivered a second consecutive quarter of positive sequential growth on a same-day constant currency basis, with revenue trends strengthening as the quarter progressed and into early April. CEO M. Keith Waddell expressed optimism that market conditions are becoming increasingly conducive to the business. The company did not provide forward guidance or announce any capital return actions such as dividends or share repurchases. The filing also included non-GAAP measures, but adjusted metrics were not materially different from GAAP. Overall, the results indicate ongoing pressure from a soft labor market, though sequential improvement suggests potential stabilization.