Robert Half (RHI) Q3 2026 earnings summary

Executive summary

• Q3 revenue was $1.359B versus $1.354B a year earlier, flat on an adjusted basis; Talent Solutions returned to adjusted YoY growth for the first time since 2022.

• Earnings exceeded the midpoint of Q3 guidance; diluted EPS rose 14% YoY to $0.49.

Financial highlights

• Q3 net income was $49.9M versus $42.9M; diluted EPS was $0.49 versus $0.43.

• Reported operating income was $74.8M versus $13.6M; adjusted operating income was $72.6M versus $61.2M, or 5.3% versus 4.5% of revenue.

• Operating cash flow was $66M and return on invested capital was 17%.

Outlook and guidance

• Q4 revenue guidance is $1.285B–$1.385B and EPS guidance is $0.36–$0.46; midpoint revenue of $1.335B implies 3% adjusted YoY growth, and midpoint EPS of $0.41 is up 30%.

• At the Q4 midpoint, adjusted revenue growth is 3% for Talent Solutions and 2% for Protiviti; adjusted operating margin guidance is 2%–4% for Talent Solutions, 6%–8% for Protiviti and 3%–5% overall.

• Q4 assumptions include adjusted gross margin of 37%–40%, a tax rate of 31%–33% and 100.5M–101.5M shares.

• Q1 2027 consolidated operating margin has historically declined 1–2 percentage points sequentially; expected Q1 tax rate is 36%–40%.