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Heidrick & Struggles International (HSII) investor relations material
Heidrick & Struggles International Q2 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q2 2025 earnings summary4 Aug, 2025
Executive summary
Q2 2025 net revenue grew 13.9% year-over-year to $317.2M, exceeding the high end of guidance, with all business segments and regions contributing to growth.
Adjusted EBITDA reached $33.9M (10.7% margin), and net income was $21.1M, reversing a prior year loss.
Adjusted net income was $18.1M; adjusted diluted EPS was $0.85, both up from the prior year.
Board declared a $0.15 per share cash dividend for Q3 2025.
Leadership changes included new CEO, President, and CFO appointments in 2024–2025, with a focus on client-led excellence and technology investment.
Financial highlights
Q2 2025 net revenue was $317.2M, up from $278.6M in Q2 2024; adjusted EBITDA margin improved to 10.7% from 10.3% year-over-year.
Net income for Q2 2025 was $21.1M, with diluted EPS of $0.99; adjusted net income was $18.1M.
Operating income improved to $25.2M from a loss of $4.2M in Q2 2024.
Salaries and benefits rose 17.6% year-over-year, representing 65.9% of net revenue.
Six-month net revenue rose 10.5% to $600.8M; net income for the period was $34.4M.
Outlook and guidance
Q3 2025 revenue guidance is $295M–$315M, implying nearly 10% year-over-year growth at the midpoint.
Margins expected to cycle down in the second half due to hiring, but annual margin progress and continued expansion are anticipated.
Medium-term targets include organic revenue growth of 4–6% and organic adjusted EBITDA growth of 5–8% per year.
Guidance reflects potential impacts from FX, interest rates, inflation, and geopolitical factors.
Management expects continued growth, supported by investments in technology, talent, and product diversification.
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Next Heidrick & Struggles International earnings date
Q3 20253 Nov, 2025
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Q3 20253 Nov, 2025
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Frequently asked questions
Heidrick & Struggles International Inc is an executive search and consulting firm that provides leadership advisory, culture shaping, and on-demand talent solutions. The company serves clients across industries by helping identify and develop senior-level executives and board members. Its offerings also include leadership assessment and succession planning services. Heidrick & Struggles International Inc is headquartered in Chicago, Illinois, and its shares are listed on the NASDAQ.
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