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Mar 31

Robert Half Q1 2025 Earnings Report

Robert Half reported a decline in revenue and earnings for the first quarter of 2025.

Key Takeaways

Robert Half's Q1 2025 results reflected a cautious economic environment with reduced hiring and project delays. Revenue and net income both decreased year-over-year, influenced by macroeconomic uncertainty and elongated client decision cycles.

Revenue dropped to $1.352 billion from $1.476 billion in Q1 2024.

Net income fell significantly to $17 million from $64 million the year prior.

EPS decreased to $0.17 from $0.61 in Q1 2024.

Economic uncertainty and subdued hiring activity impacted overall performance.

Total Revenue
$1.35B
Previous year: $1.48B
-8.4%
EPS
$0.17
Previous year: $0.61
-72.1%
Gross Profit
$499M
Previous year: $549M
-9.2%
Cash and Equivalents
$342M
Previous year: $541M
-36.7%
Free Cash Flow
-$71.7M
Previous year: -$27.7M
+159.0%
Total Assets
$2.7B
Previous year: $2.89B
-6.7%

Robert Half

Robert Half

Robert Half Revenue by Segment

Forward Guidance

Management expects near-term caution to persist, though the company remains confident in its long-term positioning.

Positive Outlook

  • Strong brand recognition supports client retention.
  • Balanced business model across staffing and consulting.
  • Protiviti continues to show steady growth.
  • Recognition as one of Fortune’s 100 Best Companies to Work For.
  • Ongoing investment in technology and people positions the firm for future success.

Challenges Ahead

  • Continued macroeconomic uncertainty impacting hiring.
  • Client and job seeker caution elongates decision cycles.
  • Decreased demand across several staffing segments.
  • Revenue down across most business lines compared to Q1 2024.
  • Earnings and profitability significantly lower year-over-year.

Revenue & Expenses

Visualization of income flow from segment revenue to net income