Robert Half Reports Q2 2025 Revenue Decline of 7% YoY to $1.37 Billion, Net Income Down 40%

Robert Half's Q2 2025 revenue fell 7% YoY to $1.37bn, with net income declining 40% to $41m and EPS dropping to $0.41 from $0.66 in Q2 2024. The Protiviti segment showed resilience with a 1.8% growth, offsetting declines in staffing services. The company attributes the results to elevated global economic uncertainty impacting hiring and project initiations.

Robert Half Inc (RHI) released its second-quarter 2025 financial results on July 23, 2025, revealing a challenging period marked by significant declines in revenue and net income. The company reported a net income of $41 million, or $0.41 per share, on revenues of $1.37 billion, falling short of analyst estimates [1].

The company's revenue declined by 7% year-over-year (YoY) to $1.37 billion, down from $1.473 billion in the same period last year. Net income decreased by 40% to $41 million from $68 million in the second quarter of 2024. The earnings per share (EPS) dropped to $0.41 from $0.66 [1].

Despite these declines, the company's consulting arm, Protiviti, showed resilience with a 1.8% growth, offsetting the declines in staffing services [2]. The company attributed the results to elevated global economic uncertainty, which has led to cautious behavior among clients and job seekers, elongated decision cycles, and subdued hiring activity [1].

M. Keith Waddell, president and chief executive officer at Robert Half, noted that revenue levels stabilized at lower levels by the end of the quarter and that "the tone of client conversations has definitely gotten better in the last few weeks" [2]. The company maintained stable gross margin rates and continued to generate positive operating cash flow.

Looking ahead, management anticipates that recent improvements in client sentiment could set the stage for a gradual recovery in hiring and project demand, especially as business confidence rebounds and previously deferred initiatives are reprioritized [2]. The company’s investments in technology and full-time engagement professionals position it to capture share as market conditions improve.

However, hiring urgency has not fully returned to prior levels and broader economic trends remain a concern [2]. The company's outlook is shaped by stabilizing client sentiment, ongoing macroeconomic caution, and expectations for gradual improvement in hiring activity and consulting demand.

References:
[1] https://www.gurufocus.com/news/2998865/robert-half-inc-reports-q2-2025-earnings-eps-of-041-misses-estimates-revenue-of-1370-billion-exceeds-expectations
[2] https://finance.yahoo.com/news/rhi-q2-deep-dive-talent-132659705.html