Robert Half Q2 2026 Earnings Call: Complete Transcript

Robert Half (NYSE: RHI ) released second-quarter financial results and hosted an earnings call on Thursday.

Read the complete transcript below.

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For comprehensive financial data and transcripts, visit The full earnings call is available at Summary Robert Half's second quarter global enterprise revenues were $1.336 billion, down 2% from the previous year, with Talent Solutions experiencing a 2% year-over-year revenue decline.

Net income per share decreased to $0.26 from $0.41 a year ago, influenced by cost actions at Protiviti, with operating income reported at negative $62 million.

Protiviti's revenues fell by 5% year-over-year, attributed to shifts in U.S. financial services regulations, with a $7 million severance impacting adjusted gross margin.

The company anticipates third-quarter revenues between $1.31 billion to $1.41 billion and EPS of $0.43 to $0.53, with Protiviti's revenue expected to decrease by 6%.

Management is optimistic about Talent Solutions returning to growth, driven by strong demand in technology consulting and strategic client initiatives.

The company is focusing on operational efficiencies and mix adjustments to enhance margins, with a $45 million annualized cost saving expected from recent Protiviti actions.

Full Transcript OPERATOR Hello and welcome to the Robert Half second quarter 2026 conference call.

Today's conference call is being recorded.

If you'd like to ask a question during the Q&A portion of the call, please press star and the number one on your telephone keypad.

Our hosts for today's call are Mr.

Keith Waddell, President and Chief Executive Officer of Robert Half, and Mr.

Michael Buckley, Chief Financial Officer.

Mr.

Waddell, you may begin.

Keith Waddell, President and Chief Executive Officer Hello everyone.

We appreciate your time today.

Before we get started, I'd like to remind you the comments made on today's call contain forward-looking statements including predictions and estimates about our future performance.

These statements represent our current judgment of what the future holds.

However, they're subject to the risks and uncertainties that could cause actual results to differ materially from the forward-looking statements.

These risks and uncertainties are described in today's press release and in our most recent 10-K and 10-Q filed with the SEC.

We assume no obligation to update the statements made on today's call.

During this presentation, we may refer to certain non-GAAP financial measures.

Adjusted revenue growth excludes the impact of billing day variations and foreign currency exchange rates.

Adjusted gross margin, SG&A, and operating income reflect the combining of investment gains and losses related to employee deferred compensation plans with corresponding changes in those obligations.

These items have no impact on reported net income.

Reconciliations and additional information are included in the supplemental schedules to our earnings release for your convenience.

Our prepared remarks for today's call are available in the Investor Center of our website, roberthalf.com.

For the second quarter of 2026, global enterprise revenues were $1.336 billion, down 2% from last year's second quarter on a reported basis and down 3% on an adjusted basis.

Talent Solutions delivered its third consecutive quarter of sequential revenue growth on an adjusted basis, while its permanent placement operations also posted adjusted year-on-year revenue growth of 2.5%.

Global enterprise revenues and earnings exceeded the midpoint of our second quarter guidance.

Hiring demand continues to improve and market conditions are increasingly more supportive of our business.

Our unique combination of award-winning high-tech capabilities and high-touch expertise positions us well to help clients navigate a dynamic business environment and connect them with the specialized talent and consulting services they need.

Net income per share in the second quarter was $0.26 compared to $0.41 in the second quarter a year ago.