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Robert Half Inc. (RHI) stock

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NYSE: RHI NYSE Human Resource & Employment Services Next results ~January 28, 2027

B Fundamentals grade

Robert Half Inc. is a US-listed company in the human resource & employment services industry. Its financial year ends in December.

Stock price today

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Third-party market data · may be delayed

Fair value per share

~$43

Cash-flow model

Base case. Range ~$33–$57 across our lower- and higher-growth cases (-3%–7% a year).

Price vs value

Modestly overvalued

The price is inside our value range, 3% above our base value.

Price used: $44.77, November 2, 2026

Robert Half Inc. valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

  • Funds261 adding, 175 cuttingOf 49 active managers that changed their stake, 27 added; quarter to June 30, 2026Fund buyers and sellers

Value diary

Our note on each quarter Robert Half files

10-Q filed October 30: Robert Half

Rating: Buy to Hold Model value −10.0%

Revenue for the twelve months to September 2026 was $5.30bn, down 2.9% on a year earlier, a smaller fall than the 4.9% decline a quarter earlier. Free-cash-flow margin held at 3.9%. Its fundamentals grade moves from D to B. Our model value falls from $48.90 to $44.00 a share, against a share price of $43.73. The rating changes from Buy to Hold. At that price, our model says the market is pricing in about 2.3% a year of cash-flow growth for five years, faster than the -3.9% a year revenue growth it has delivered.

Source: 10-Q filed October 30, 2026 on SEC EDGAR · Financials · Valuation

Earlier notes (1)

Where Robert Half stands after its latest 10-Q

Revenue for the twelve months to June 2026 was $5.29bn, down 4.9% on a year earlier, faster than -6.1% a quarter earlier. That puts it 899 of 931 for growth among all the companies we cover. Free-cash-flow margin fell to 4.1% from 5.1% a year earlier. Operating margin narrowed to 0.2% from 3.0%. Against its peers on growth, profitability, cash generation and balance sheet, it grades D. It passes 2 of our 2 financial-health checks. Our cash-flow model value is $48.22 a share, against a share price of $33.97. At that price, our model says the market is pricing in cash flow shrinking about 4.6% a year for five years, close to the -3.9% a year revenue growth it has delivered.

10-Q on SEC EDGAR

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~January 28, 2027 (estimated)

Robert Half Inc.'s trailing-twelve-month revenue fell 2.9% year on year, with a free-cash-flow margin of 3.9%. Where it stands out: days sales outstanding of 57 days ranks 4 of 18 human resource & employment services companies we cover.

Our discounted-cash-flow model values the business at ~$43 per share in the base case (~$33–$57 across growth scenarios) — model values under stated assumptions, not a price target.

Current signal Revenue growth accelerating: TTM revenue growth rose to -2.9% (+2.0pp vs the prior quarter).

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • Beating expectations. Earnings per share beat the analysts' consensus estimate in each of the last four quarters.

Things to watch

  • Revenue shrinking. Revenue fell 2.9% over the last 12 months.
  • Volatile shares. Over the past year the shares showed annualised volatility of 64% and a beta of -0.0 against the S&P 500.
  • Heavily shorted. 23.9% of the shares available to trade are sold short (10.7 days of average volume to cover).

Latest results: FY2026 Q3

Filed October 30, 2026
Earnings per share
$0.49 against an average estimate of $0.47: beat by 4.2%
Revenue
$1.36bn, up 0.4% on a year earlier
Share reaction
+32.4% in the first session after the results on October 22, 2026, against -1.7% for the S&P 500
Next report
October 22, 2026; average EPS estimate $0.41

Robert Half's figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day+2.4%
  • 1 week-0.5%
  • 1 month+23.9%
  • This year+75.1%
  • 1 year+85.6%
  • 5 years-53.1%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

Loading chart…

Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$5.3B
Operating margin
1.4%
Net margin
2.3%
EPS (TTM, diluted)
$1.21

Growth

Revenue growth
−2.9%
Change in growth rate
+2.0 pts
Share count change
−0.7%

Cash

Free cash flow (TTM)
$209M
FCF margin
3.9%

Earnings

Last results
October 22, 2026
Next results (est.)
January 28, 2027

News & updates

Updated November 3, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Leadership
  2. Announcement
  3. Results
  4. Leadership
  5. Results

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

Robert Half Inc. valuation models and calculator

What the price is pricing in

The share price implies about 2.1% a year of cash-flow growth for five years.That is faster than the -3.9% a year revenue growth Robert Half has delivered.

  • Priced in2.1%
  • Last 12 months-2.9%
  • 3 years a year-7.3%
  • 5 years a year-3.9%

Our cash-flow model with every input fixed except growth over the next five years, solved for the growth at which the model value equals the share price ($42.71, Nov 3, 2026). Cash-flow growth then fades to 2.5% a year; discount rate 8.5%. Delivered figures are revenue growth from SEC filings. This is a model exercise, not investment advice or a forecast of the share price. All companies

Fundamentalytics rating

model v1.6 · 2026-11-03
Hold12-month view
12-month price target
~$43
Price used
$42.71close November 3, 2026
Implied change
▲ +2%
Uncertainty
Medium

How we got here: a discounted-cash-flow model of Robert Half Inc.'s free cash flow after stock-based pay with after-tax interest added back ($243M, FY2026 Q3 TTM), growing 3.1% and 2.6% in the next two years (forecasts, guidance and its record), then back to 2% by year five, and fading to 2.5%, discounted at 8.5%. Lower and higher growth cases span ~$33–~$57 ; that spread sets a 25% margin before we rate Buy or Sell.

Produced by Fundamentalytics' automated valuation model on November 3, 2026, using delayed market prices. Rating meanings, methodology and conflicts: recommendations disclosure and research disclaimer. General research, not personal advice — it does not consider your circumstances. Prices can fall as well as rise.

Our value per share comes from a discounted-cash-flow model of Robert Half Inc.'s free cash flow after stock-based pay ( $243M, FY2026 Q3 TTM, with after-tax interest added back): growth for five years as below (the first two years from forecasts, guidance and the company's record), fading to 2.5%, discounted at 8.5%, then cash added and debt and other claims subtracted. These are model values under stated assumptions, not price targets or recommendations.

Valuation models

We value Robert Half Inc. as an operating company, with every model that fits that kind of business. Cost of equity 8.7%: the 10-year Treasury yield (4.9%) plus a beta of 0.84 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Cash-flow model (DCF) Free cash flow to the firm (after stock pay, with after-tax interest added back), grown then faded to 2.5%, discounted at 8.5% as the firm rate, less debt and other claims. ~$43 ~$33–$57 Primary model, counts double
Forward price-to-earnings vs peers Next year's consensus earnings per share times peers' typical (harmonic-mean) forward price-to-earnings. Uses analysts' consensus estimates (third-party data), not our forecasts. ~$26 ~$22–$37 Included
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. ~$36 ~$28–$47 Included
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. ~$43 ~$36–$52 Included
Combined value Weighted average of the models that apply: the primary model (cash-flow model (dcf)) counts double. Models more than 5x or less than 0.2x the share price, or more than 3x away from the other models' median, are left out. ~$38 ~$26–$43 4 models

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Robert Half Inc. with Human Resource & Employment Services in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

What moves the value

  • Revenue growth 5 points lower ▼ −23%
  • Revenue growth 5 points higher ▲ +30%
  • Free-cash-flow margin 1 point lower ▼ −23%
  • Last year's free-cash-flow margin change, if it persists ▼ −8%
  • Discount rate 1 point higher ▼ −13%
Value per share under different assumptions
Discount rate ↓ / growth → −5% growth0% growth5% growth10% growth15% growth20% growth
7% $37$50$66$87$115$151
8.5% $29$38$50$65$85$111
10% $24$31$40$52$67$87

Valuation multiples over time Market data may be delayed

At fiscal year end 2016201720182019202020212022202320242025Now
Share price$36.33$42.20$44.24$49.88$50.56$91.69$61.91$75.61$62.45$25.57$44.77
Market value$4.7bn$5.3bn$5.4bn$5.8bn$5.7bn$10.2bn$6.8bn$8.0bn$6.4bn$2.6bn$4.5bn
+ Net debt (− = net cash)−$259m−$294m−$276m−$270m−$574m−$619m−$659m−$732m−$538m−$464m−$321m
Enterprise value$4.4bn$5.0bn$5.1bn$5.5bn$5.2bn$9.6bn$6.1bn$7.3bn$5.9bn$2.1bn$4.2bn
Multiples
Price / sales 0.9x1.0x0.9x1.0x1.1x1.6x0.9x1.3x1.1x0.5x0.8x
Price / earnings 13.6x18.1x12.4x12.8x18.7x17.1x10.3x19.5x25.6x19.3x36.9x
Price / free cash flow 13.0x12.8x10.2x12.6x10.2x18.1x10.9x13.6x18.2x9.6x21.4x
EV / EBITDA 7.2x8.6x7.8x8.1x10.6x11.2x6.5x14.1x20.1x16.6x34.4x

Market value uses the period's diluted share count; figures for each fiscal year use that year's results and the price at year end. "Now" uses today's price and the last twelve months.

Moat

52 /100

Moderate moat

How hard Robert Half's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 20 / 20

    Cash operating profit has been a median 22.7% of total assets over 10 years.

  • Pricing power 14 / 20

    Gross margin has been a median 40.8%, moving by 1.8 percentage points (standard deviation) across 9 years.

  • Durability 4 / 20

    Operating margin has been a median 9.6%; its worst year was 1.4%.

  • Cash conversion 14 / 20

    Free cash flow was positive in 9 of 9 years, at a median 7.8% of revenue.

  • Discipline 15 / 20

    The diluted share count fell 10.7% over five years.

AI disruption exposure: High. In this industry, the core product is information work that AI systems increasingly perform. The score above includes a 15-point deduction for that exposure (67 before it).

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current $1.32 −1% $5.3bn −1%
Next $1.99 +51% $5.5bn +4%

Next year's EPS estimate has moved +1.0% in 90 days, across 9 analysts.

How the EPS forecast has moved

The consensus EPS forecast for the current fiscal year is +3.3% on 90 days ago. In the last 30 days, 0 analysts raised Robert Half Inc.'s forecast and 1 cut it.

Consensus EPS forecast Robert Half Inc., last 90 days
$1.20 $1.40 $1.60 $1.80 $2.00 90 days ago 60 days ago 30 days ago 7 days ago Now Current fiscal year, 90 days ago: $1.28 Current fiscal year, 60 days ago: $1.28 Current fiscal year, 30 days ago: $1.27 Current fiscal year, 7 days ago: $1.27 Current fiscal year, Now: $1.32 $1.32 Next fiscal year, 90 days ago: $1.97 Next fiscal year, 60 days ago: $1.97 Next fiscal year, 30 days ago: $1.97 Next fiscal year, 7 days ago: $1.97 Next fiscal year, Now: $1.99 $1.99

Average of analysts' published estimates (third-party data).

View chart data
Period Current fiscal yearNext fiscal year
90 days ago $1.28$1.97
60 days ago $1.28$1.97
30 days ago $1.27$1.97
7 days ago $1.27$1.97
Now $1.32$1.99

Earnings against estimates

Quarter toEstimateActualSurprise
Sept 2026 $0.47 $0.49 +4.2%
Jun 2026 $0.26 $0.26 +0.8%
Mar 2026 $0.13 $0.14 +8.8%
Dec 2025 $0.30 $0.32 +8.4%

Adjusted EPS as companies report it, against the average analyst estimate.

Management guidance

Earnings release, October 22, 2026

No numeric guidance in Robert Half Inc.'s latest earnings release (filed October 22, 2026). Some companies give their outlook only on the earnings call.

How our valuation uses these forecasts

Our cash-flow model grows Robert Half Inc.'s revenue by +3.1% next year and +2.6% the year after, then fades back toward its own record by year five. Next year's rate weighs analysts' consensus (+3.7%, weight 67%) and the company's own record (+2.0%, weight 33%) . How the weights are set.

Analyst recommendations

11 analysts, Oct 2026
Buy436%
Hold327%
Sell436%

Monthly trend

  1. Oct 2026433111
  2. Sep 2026433111
  3. Aug 2026433111
  4. Jul 2026433111

Counts of recommendations published by analysts covering Robert Half Inc., by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
23.9%
of tradable shares
Days to cover
10.67
at average volume
Short interest, 1 month
+3%
to October 15, 2026
Held by institutions
—
of shares
Held by insiders
3.6%
of shares
Employees
14,500
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

What moved the share price

Last 12 months +85.6%

$24.12 on October 31, 2025 to $44.77

ThenNowEffect
Revenue (last 12 months) $5.6bn $5.3bn −4.9%
Net margin 3.2% 2.2% −32.2%
P/E multiple 13.7x 39.0x +183.6%
Share count 101m 100m +1.5%

Biggest factor: p/e multiple.

Last 3 years −31.4%

$65.27 on November 3, 2023 to $44.77

ThenNowEffect
Revenue (last 12 months) $6.9bn $5.3bn −23.5%
Net margin 7.8% 2.2% −72.3%
P/E multiple 12.9x 39.0x +201.3%
Share count 107m 100m +7.5%

Biggest factor: net margin.

The effects multiply back to the price change exactly. Results are the last 12 months as known on each date (filings assumed public 45 days after quarter end).

Return and risk by year

Calendar year 202120222023202420252026 to date
Return
RHI+81%−33%+22%−17%−59%+75%
Industry peers (median)+48%−17%+4%−15%−29%+17%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
RHI83%33%50%42%33%82%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
RHI−11%−42%−26%−32%−63%−35%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since November 3, 2015: 79% from February 9, 2022 to March 16, 2026. Getting back needed a 385% gain, and the shares have not yet recovered.

Price behaviour

52-week range
$21.11 – $45.87
From 52-week high
−2.4%
vs 50-day average
+15.4%
vs 200-day average
+41.4%
Volatility (1 year)
64%
Beta vs S&P 500
-0.01

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
3 up, 9 down
typical move ±10.5%
After a week
3 up, 9 down
typical move ±9.1%
After a month
2 up, 9 down
typical move ±8.6%
Results releasedNext dayS&P 500 next day5 days21 days
October 22, 2026 +32.4% −1.7% +23.6% —
July 23, 2026 −13.3% −1.1% −8.5% +10.0%
April 23, 2026 −13.1% +0.4% −9.7% −5.3%
January 29, 2026 +28.4% −0.5% +16.8% −9.7%
October 22, 2025 −5.5% +0.1% −11.4% −16.9%
July 23, 2025 −6.6% +0.9% −12.2% −15.7%
April 23, 2025 −2.6% +3.7% −4.2% −0.3%
January 29, 2025 −8.2% +0.1% −11.8% −15.2%
October 22, 2024 +3.1% −1.0% +5.9% +10.8%
July 24, 2024 −7.7% −2.8% −1.1% −4.3%
April 25, 2024 −3.0% +0.6% −2.7% −6.2%
January 30, 2024 −2.1% −1.7% −1.4% −0.3%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

Options strategies

All options ideas

How Robert Half Inc.’s listed options are priced, and three ways to use them that follow from our valuation. Quotes are delayed, read November 2, 2026. Check the live chain at your broker before trading.

Implied vs realised volatility

Options look cheap

Option prices imply less movement than the shares have recently shown. Selling options pays little for the risk taken.

  • Implied is 0.81× the last 60 days’ realised volatility , richer than 4% of the 229 stocks we screen today.
  • Puts are priced 3 points richer than calls (25-delta): the market is paying up for downside protection, which favours selling puts over calls.
  • Why: implied is below 60-day realised: selling options pays little for the risk taken.

Our rule for “rich”: implied at least 1.2× 60-day realised (beyond measurement noise), above 1-year realised (not just a calm spell), and in the top 20% of our coverage that day. Never with results inside the option’s life. These are our conventions, built on research showing option prices usually imply more movement than follows, most when the gap is wide. How we judge this.

Cash-secured put

Not offered: fundamentals grade B (needs B+ or better).

We suggest selling a put only on well-rated companies, at a strike where the price you would pay if assigned (strike less premium) is at or below our fair value.

RHI Robert Half Inc. Grade B $44.60

Own 100 shares, sell the $45.00 call expiring December 18, 2026 (46 days) for $2.50 a share — $250 per contract.

Previous session · Bid $2.50, ask $2.95, quoted Mon 2 Nov, 17:34 New York time with RHI at $44.60. Option prices move with the shares: check the live chain at your broker before trading.

  • If RHI ends below $45.00: you keep your shares and the $250 — 5.6% extra on the position, 44.5% a year at that pace.
  • If it ends above $45.00: your shares are sold at $45.00, a total return of 6.5% including the premium — at or above our value of ~$43.
$290 $0 −$842 Break-even $42.10 Our value $43.00 Price $44.60
Profit or loss per contract at expiry, by share price (including the shares bought at today's price).
Premium
$250
Annualised
44.5%
Break-even
$42.10
Max gain
$290
Chance of selling
~52%

Collar

Not offered: no liquid put and call pair for the same expiry.

For holders of a stock trading at or above our fair value: buy a put for a floor and sell a call to pay for it.

General research, not personal advice. Options can lose you more than you expect and are not suitable for everyone: put sellers can be made to buy shares that keep falling, call sellers give up gains above the strike, and results or news can move prices sharply. Chances shown are approximations from each option’s delta. Spreads, fees and early assignment are not modelled.

Robert Half Inc. in five measures

Fundamentals grade B
Growth Profitability Cash Balance sheet Value

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) Robert Half Inc.
$5B $5.5B $6B $6.5B FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Revenue (TTM), FY23 Q4: $6.4B Revenue (TTM), FY24 Q1: $6.2B Revenue (TTM), FY24 Q2: $6B Revenue (TTM), FY24 Q3: $5.9B Revenue (TTM), FY24 Q4: $5.8B Revenue (TTM), FY25 Q1: $5.7B Revenue (TTM), FY25 Q2: $5.6B Revenue (TTM), FY25 Q3: $5.5B Revenue (TTM), FY25 Q4: $5.4B Revenue (TTM), FY26 Q1: $5.3B Revenue (TTM), FY26 Q2: $5.3B Revenue (TTM), FY26 Q3: $5.3B $5.3B

Source: SEC EDGAR filings. Retrieved October 30, 2026.

View chart data
Period Revenue (TTM)
FY23 Q4 $6.4B
FY24 Q1 $6.2B
FY24 Q2 $6B
FY24 Q3 $5.9B
FY24 Q4 $5.8B
FY25 Q1 $5.7B
FY25 Q2 $5.6B
FY25 Q3 $5.5B
FY25 Q4 $5.4B
FY26 Q1 $5.3B
FY26 Q2 $5.3B
FY26 Q3 $5.3B
Revenue growth, TTM YoY Robert Half Inc.
-15% -10% -5% 0% FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Revenue growth, TTM YoY, FY23 Q4: -11.7% Revenue growth, TTM YoY, FY24 Q1: -13.8% Revenue growth, TTM YoY, FY24 Q2: -13.5% Revenue growth, TTM YoY, FY24 Q3: -11.4% Revenue growth, TTM YoY, FY24 Q4: -9.3% Revenue growth, TTM YoY, FY25 Q1: -7.8% Revenue growth, TTM YoY, FY25 Q2: -7.0% Revenue growth, TTM YoY, FY25 Q3: -7.3% Revenue growth, TTM YoY, FY25 Q4: -7.2% Revenue growth, TTM YoY, FY26 Q1: -6.1% Revenue growth, TTM YoY, FY26 Q2: -4.9% Revenue growth, TTM YoY, FY26 Q3: -2.9% -2.9%

Source: SEC EDGAR filings. Retrieved October 30, 2026.

View chart data
Period Revenue growth, TTM YoY
FY23 Q4 -11.7%
FY24 Q1 -13.8%
FY24 Q2 -13.5%
FY24 Q3 -11.4%
FY24 Q4 -9.3%
FY25 Q1 -7.8%
FY25 Q2 -7.0%
FY25 Q3 -7.3%
FY25 Q4 -7.2%
FY26 Q1 -6.1%
FY26 Q2 -4.9%
FY26 Q3 -2.9%
Operating margin (TTM) Robert Half Inc.
0% 2% 4% 6% 8% FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Operating margin (TTM), FY23 Q4: 7.3% Operating margin (TTM), FY24 Q1: 5.5% Operating margin (TTM), FY24 Q2: 4.5% Operating margin (TTM), FY24 Q3: 3.4% Operating margin (TTM), FY24 Q4: 4.2% Operating margin (TTM), FY25 Q1: 4.2% Operating margin (TTM), FY25 Q2: 3.0% Operating margin (TTM), FY25 Q3: 2.2% Operating margin (TTM), FY25 Q4: 1.4% Operating margin (TTM), FY26 Q1: 1.4% Operating margin (TTM), FY26 Q2: 0.2% Operating margin (TTM), FY26 Q3: 1.4% 1.4%

Source: SEC EDGAR filings. Retrieved October 30, 2026.

View chart data
Period Operating margin (TTM)
FY23 Q4 7.3%
FY24 Q1 5.5%
FY24 Q2 4.5%
FY24 Q3 3.4%
FY24 Q4 4.2%
FY25 Q1 4.2%
FY25 Q2 3.0%
FY25 Q3 2.2%
FY25 Q4 1.4%
FY26 Q1 1.4%
FY26 Q2 0.2%
FY26 Q3 1.4%
FCF margin (TTM) Robert Half Inc.
2% 4% 6% 8% 10% FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 FCF margin (TTM), FY23 Q4: 9.2% FCF margin (TTM), FY24 Q1: 8.2% FCF margin (TTM), FY24 Q2: 6.1% FCF margin (TTM), FY24 Q3: 5.4% FCF margin (TTM), FY24 Q4: 6.1% FCF margin (TTM), FY25 Q1: 5.5% FCF margin (TTM), FY25 Q2: 5.1% FCF margin (TTM), FY25 Q3: 4.3% FCF margin (TTM), FY25 Q4: 5.0% FCF margin (TTM), FY26 Q1: 4.1% FCF margin (TTM), FY26 Q2: 4.1% FCF margin (TTM), FY26 Q3: 3.9% 3.9%

Source: SEC EDGAR filings. Retrieved October 30, 2026.

View chart data
Period FCF margin (TTM)
FY23 Q4 9.2%
FY24 Q1 8.2%
FY24 Q2 6.1%
FY24 Q3 5.4%
FY24 Q4 6.1%
FY25 Q1 5.5%
FY25 Q2 5.1%
FY25 Q3 4.3%
FY25 Q4 5.0%
FY26 Q1 4.1%
FY26 Q2 4.1%
FY26 Q3 3.9%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-Q, 10-Q/A. Generated November 3, 2026. Definitions in our methodology.

Financial statements

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2016 Dec 2016 2017 Dec 2017 2018 Dec 2018 2019 Dec 2019 2020 Dec 2020 2021 Dec 2021 2022 Dec 2022 2023 Dec 2023 2024 Dec 2024 2025 Dec 2025 LTM Sept 2026
Income
Revenue 5,250 5,267 5,800 6,074 5,109 6,461 7,238 6,393 5,796 5,379 5,298
Gross profit 2,161 2,164 2,411 2,525 2,013 2,696 3,094 2,575 2,247 2,002 1,976
EBITDA 618 581 653 686 484 858 938 516 294 126 121
Operating income 554 517 589 622 422 806 891 465 241 76 72
Net income 343 291 434 454 306 599 658 411 252 133 122
Diluted EPS $2.67 $2.33 $3.57 $3.90 $2.70 $5.36 $6.03 $3.88 $2.44 $1.33 $1.21
Growth (year on year)
Revenue — +0.3% +10.1% +4.7% −15.9% +26.5% +12.0% −11.7% −9.3% −7.2% −2.9%
EBITDA — −5.9% +12.4% +5.0% −29.4% +77.3% +9.3% −45.0% −43.1% −56.9% −28.7%
Operating income — −6.7% +13.9% +5.6% −32.2% +91.1% +10.5% −47.8% −48.0% −68.3% −39.3%
Net income — −15.4% +49.5% +4.6% −32.6% +95.5% +9.9% −37.5% −38.8% −47.1% −21.7%
Diluted EPS — −12.7% +53.2% +9.2% −30.8% +98.5% +12.5% −35.7% −37.1% −45.5% −21.2%
Margins
Gross margin 41.2% 41.1% 41.6% 41.6% 39.4% 41.7% 42.7% 40.3% 38.8% 37.2% 37.3%
EBITDA margin 11.8% 11.0% 11.3% 11.3% 9.5% 13.3% 13.0% 8.1% 5.1% 2.4% 2.3%
Operating margin 10.6% 9.8% 10.2% 10.2% 8.3% 12.5% 12.3% 7.3% 4.2% 1.4% 1.4%
Net margin 6.5% 5.5% 7.5% 7.5% 6.0% 9.3% 9.1% 6.4% 4.3% 2.5% 2.3%
Free-cash-flow margin 6.8% 7.8% 9.1% 7.6% 11.0% 8.8% 8.6% 9.2% 6.1% 5.0% 3.9%
Cash flow
Cash from operations 442 453 572 520 597 603 684 637 410 320 245
Capital spending 83 41 42 59 33 37 61 46 56 53 36
Free cash flow 359 412 530 460 563 567 623 591 354 267 209
Stock-based pay — — — — — — 58 61 63 59 —
Free cash flow after stock pay — — — — — — 565 530 291 207 —
Balance sheet
Cash 260 295 277 270 574 619 659 732 538 464 321
Total debt 1 1 1 1 0 0 — 0 0 0 0
Net debt (negative = net cash) −259 −294 −276 −270 −574 −619 −659 −732 −538 −464 −321
Diluted shares 129m 125m 122m 116m 113m 112m 109m 106m 103m 100m 100m
Returned to shareholders
Dividends 114 121 136 146 156 171 189 206 220 238 239
Buybacks 176 232 354 278 159 288 320 255 276 92 7
Total returned 290 353 490 423 315 458 509 461 496 330 245

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

2 of 2 checks passed · September 30, 2026
What it owns · $2.8bn
Short-term assets $2.1bnLonger-term assets $723m
What it owes, and who funded it · $2.8bn
Short-term liabilities $1.4bnLonger-term liabilities $201mShareholders' equity $1.2bn
  • Short-term assets cover short-term liabilities $2.1bn of assets due within a year against $1.4bn of liabilities due within a year.
  • Short-term assets cover long-term liabilities $2.1bn short-term assets against $201m of longer-dated liabilities.
  • More cash than debt Cash or debt not separately reported. Not assessable.
  • Debt below 40% of shareholders' equity Equity or debt not reported. Not assessable.
  • Debt burden no higher than five years ago Five-year comparison not available. Not assessable.
  • A year's operating cash flow covers at least 20% of debt Cash flow or debt not reported. Not assessable.
  • Operating profit covers interest at least five times over Interest not separately reported. Not assessable.

From Robert Half Inc.'s latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

FY2026 Q3 TTM
Buybacks (TTM)
$6.8M
Dividends (TTM)
$239M
Returned to shareholders
117%
of free cash flow
Buybacks, last 3 fiscal years
$623M
Diluted share count
−0.7%
year over year
Total shareholder yield
5.3%
dividends 5.2% + buybacks 0.1% of market value
Dividend payout ratio
196%
of net income paid out
Sales & admin spending
35.9%
of revenue
Days sales outstanding
57 days
receivables vs revenue

Competitors: side by side with peers

Closest by revenue in human resource & employment services
Last 12 months unless stated RHI TNET PAYX NSP KELYA EFOR Median
Revenue, last 12 months $5.3bn $4.8bn $6.6bn $6.9bn $4.1bn $4.0bn $1.7bn
Revenue growth, last 12 months −2.9% −4.2% 14.0% 2.1% −9.6% 0.0% 5.6%
Revenue growth, 3-year average −7.3% −0.7% 9.1% 2.6% −6.0% −4.1% −0.5%
Revenue growth, latest quarter 0.4% −4.6% 5.9% 1.7% −5.8% 2.0% 5.2%
Gross margin 37.3% — 74.4% 13.0% 19.7% 28.3% 28.0%
Operating margin 1.4% 6.8% 39.2% 0.3% −2.3% 4.6% 1.0%
Operating margin, 3-year average 2.3% 8.9% 39.5% 1.0% −0.6% 6.1% 2.3%
Net margin 2.3% 3.6% 27.4% 0.0% −6.7% 1.7% 1.5%
Cash from operations / revenue 4.6% 7.8% 34.1% 3.4% 0.7% 5.8% 1.9%
Free-cash-flow margin 3.9% 5.9% 30.5% 2.9% 0.5% 4.9% 1.2%
Free-cash-flow margin, 3-year average 4.6% 8.2% 30.9% 0.8% 1.5% 7.1% 2.4%
Stock pay / revenue — 1.4% 1.3% 0.8% 0.3% 1.3% 1.3%
Change in share count −0.7% −2.1% −0.9% 0.7% −1.9% −5.8% −0.1%

Median of all 21 companies we cover in human resource & employment services. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

21 human resource & employment services companies
Measure Company Peer median Rank
Revenue growth Growth -2.9% 5.6% 16 of 21
Change in growth rate Growth +2.0pp +0.5pp 8 of 20
Gross margin Profitability 37.3% 27.8% 5 of 17
Operating margin Profitability 1.4% 0.6% 9 of 19
Net margin Profitability 2.3% 1.5% 9 of 21
Free-cash-flow margin Cash generation 3.9% 1.2% 8 of 21
Change in share count Balance sheet -0.7% -0.1% 9 of 20
Days sales outstanding Balance sheet 57 days 68 days 4 of 18

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Where the revenue comes from

Fiscal year to December 31, 2025
Segments
Line of business Revenue Share YoY
Contract Talent Solutions $3B 55.6% ▼ 11.0%
Protiviti $1.9B 36.2% ▼ 0.1%
Permanent Placement Talent Solutions $440M 8.2% ▼ 9.8%
Geography
Region Revenue Share YoY
United States $4.2B 77.6% ▼ 7.7%
Outside the US $1.2B 22.4% ▼ 5.4%

From Robert Half Inc.'s 10-K filed February 13, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Who owns it

Funds buying and selling
Reported value
$3.9B
Institutions reporting
443
Shares held vs prior quarter
▲ 1.2%
Positions opened / closed
85 / 54

Top buyers and sellers, Q2 2026: 261 institutions bought and 175 sold ; the biggest buyer was Orbis Allan Gray Ltd (+2.3M shares) and the biggest seller Hawk Ridge Capital Management LP (−1.8M). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Blackrock, Inc. $410M 13.4M 10.6% ▲ 4.1%
Orbis Allan Gray Ltd $303M 9.9M 7.8% ▲ 30.9%
AQR Capital Management LLC $217M 7.1M 5.6% ▲ 11.0%
Pzena Investment Management LLC $191M 6.2M 4.9% ▲ 4.3%
Vanguard Portfolio Management LLC $165M 5.4M 4.3% ▲ 0.6%
State Street Corp $142M 4.6M 3.7% ▲ 0.2%
Vanguard Capital Management LLC $136M 4.4M 3.5% ▲ 0.4%
Capital World Investors $129M 4.2M 3.3% ▼ 28.8%
Charles Schwab Investment Management Inc $118M 3.8M 3.0% ▲ 12.6%
Quantinno Capital Management LP $115M 3.7M 3.0% ▲ 49.6%
Morgan Stanley $97M 3.2M 2.5% ▼ 16.8%
Alliancebernstein L.P. $92.4M 3.6M 2.4% ▼ 4.4%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Robert Half Inc.'s complete shareholder register. Values are as reported by the filers ; 1 inconsistently scaled filing rows were excluded.

Insider trading activity

Full insider history and chart
Insider purchases History → $0 0 trades by 0 insiders, last 12 months Insider sales History → $0 0 trades by 0 insiders
Net ▲ $0 net buying

No open-market insider trades reported in the last 12 months.

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Trades by members of Congress

All 4 trades and filings

No trades in Robert Half Inc. disclosed in the last 12 months; 4 earlier trades on record.

  • Susie Lee(D-NV 3):Sale (full), $1,001 - $15,000, traded September 18, 2020, filed October 24, 2020
  • Susie Lee(D-NV 3):Purchase, $1,001 - $15,000, traded April 27, 2020, filed June 15, 2020
  • Thomas MacArthur(NJ):Sale (full), $1,001 - $15,000, traded May 27, 2015, filed June 7, 2015

Value ranges as filed; reports can arrive up to 45 days after a trade.

Earnings dates and SEC filings

Results announcements

Next expected around January 28, 2027 estimated from the company's past filing pattern, not announced

  • October 22, 2026
  • July 23, 2026
  • April 23, 2026
  • January 29, 2026
  • October 22, 2025
  • July 23, 2025

Recent SEC filings

Data status

When each part of this page on Robert Half Inc. was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Robert Half Inc. in brief

What does Robert Half Inc. do?
Robert Half Inc. is a US-listed company in the human resource & employment services industry. Its financial year ends in December.
What is Robert Half Inc.'s stock ticker?
Robert Half Inc. trades under the ticker RHI on NYSE. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Robert Half Inc.'s revenue, and how fast is it growing?
Over its most recent trailing twelve months, Robert Half Inc. reported revenue of $5.3B, 2.9% lower than a year earlier, according to its SEC filings.
What is Robert Half Inc.'s free cash flow?
Robert Half Inc.'s free-cash-flow margin is 3.9% of revenue over the trailing twelve months, ranking 8 of the 21 human resource & employment services companies we cover.
What is Robert Half Inc.'s fair value (intrinsic value) per share?
Our discounted-cash-flow model of Robert Half Inc.'s free cash flow after stock-based pay gives ~$43 per share in the base case, and ~$33–$57 across growth scenarios. These are model values under stated assumptions — not a price target or a recommendation.
Who are Robert Half Inc.'s largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Blackrock, Inc., Orbis Allan Gray Ltd and AQR Capital Management LLC. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
Is Robert Half Inc. buying back stock, and does it pay a dividend?
Robert Half Inc. spent $6.8M on share repurchases over the trailing twelve months, and its diluted share count fell 0.7% over the year.
What is Robert Half Inc.'s market cap?
On November 2, 2026, Robert Half Inc.'s market capitalisation was about $4.5B, with a price-to-earnings ratio of 36.9 and net debt of -$321M. Market figures come from third-party market data and may be delayed.
Does Robert Half Inc. pay a dividend?
Yes: Robert Half Inc. paid $239M in dividends over the trailing twelve months, a dividend yield of 5.21% and a payout ratio of 195.9%.
Who are Robert Half Inc.'s competitors?
In our Human Resource & Employment Services peer group, the companies closest to Robert Half Inc. are Trinet Group, Inc., Paychex, Insperity, Inc., Kelly Services Inc and Everforth Inc. The side-by-side comparison below sets their revenue, margins and growth against Robert Half Inc.'s.
When is Robert Half Inc.'s next earnings date?
Around January 28, 2027, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — Robert Half Inc. announces its own schedule.