0000315213false00003152132025-01-292025-01-29

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549 
 ____________________
FORM 8-K
 ____________________
 CURRENT REPORT
Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) January 29, 2025
 ____________________
Robert Half Inc.
(Exact name of registrant as specified in its charter)
____________________
 
Delaware 01-10427 94-1648752
(State or other jurisdiction
of incorporation)		 (Commission
File Number)		 (IRS Employer
Identification No.)
 
2884 Sand Hill Road, Suite 200,Menlo Park,CA 94025
(Address of principal executive offices) (Zip Code)
Registrant’s telephone number, including area code: (650) 234-6000
NO CHANGE
(Former name or former address, if changed since last report.)
 ____________________
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
☐Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Title of each classTrading Symbol(s)Name of each exchange on which registered
Common Stock, Par Value $.001 per ShareRHINew York Stock Exchange
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).     Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.     ☐


Item 2.02Results of Operations and Financial Condition.
On January 29, 2025, Robert Half Inc. issued a press release reporting earnings for the fourth fiscal quarter of 2024. A copy of the press release is attached hereto as Exhibit 99.1.
The foregoing information in this Current Report on Form 8-K, including Exhibit 99.1 attached hereto, is being “furnished” and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, and shall not be incorporated by reference in any filing under the Securities Exchange Act of 1934, as amended, or the Securities Act of 1933, as amended, except as expressly set forth by specific reference in such future filing.
Item 9.01Financial Statements and Exhibits.
(d)           Exhibits
Exhibit    Description
99.1    
104
Cover Page Interactive Data File - the cover page XBRL tags are embedded within the Inline XBRL document.



SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
 
 Robert Half Inc.
Date: January 29, 2025
 By:    /s/ Michael C. Buckley
 Name: Michael C. Buckley
 Title: Executive Vice President, Chief Financial Officer



Exhibit 99.1
FOR IMMEDIATE RELEASE
 
Contact: 
 M. Keith Waddell
President and Chief Executive Officer
(650) 234-6000

ROBERT HALF REPORTS FOURTH-QUARTER FINANCIAL RESULTS
MENLO PARK, Calif., January 29, 2025 — Robert Half Inc. (NYSE symbol: RHI) today reported revenues and earnings for the fourth quarter ended December 31, 2024.
For the three months ended December 31, 2024, net income was $54 million, or $0.53 per share, on revenues of $1.382 billion. For the three months ended December 31, 2023, net income was $87 million, or $0.83 per share, on revenues of $1.473 billion.
For the year ended December 31, 2024, net income was $252 million, or $2.44 per share, on revenues of $5.796 billion. For the year ended December 31, 2023, net income was $411 million, or $3.88 per share, on revenues of $6.393 billion.
“Revenues and earnings for the fourth quarter were largely in line with our expectations, led by Protiviti, which reported year-on-year revenue growth for the second straight quarter. Contract revenues remained stable throughout the quarter, sustaining early third-quarter levels for 23 consecutive weeks prior to the holidays. As we move into the new year, we are very encouraged by the significant rise in U.S. business confidence that followed the recent elections,” said M. Keith Waddell, president and chief executive officer at Robert Half. “We are very well-positioned to capitalize on emerging opportunities and support our clients’ talent and consulting needs through the strength of our industry-leading brand, people, technology, and unique business model that includes both professional staffing and business consulting services.
“We’d like to extend our gratitude to our global workforce for making possible a number of new accolades. Just today, Robert Half was honored by Fortune® as one of the World’s Most Admired Companies for the 28th consecutive year. We are proud of our unique position as the only company in our industry to be awarded this distinction for nearly three decades. We were also recently named one of Fortune’s Best Workplaces for Parents and chosen by Newsweek as one of America’s Most Responsible Companies,” Waddell concluded.
Robert Half management will conduct a conference call today at 5 p.m. EST. The prepared remarks for this call are available now in the Investor Center of the Robert Half website (www.roberthalf.com/investor-center). Simply click on the Quarterly Conference Calls link. The dial-in number is 888-394-8218 (+1-323-994-2093 outside the United States and Canada). The confirmation code to access the call is 2689591.
A recording of this call will be available for audio replay beginning at approximately 8 p.m. EST on January 29 and ending after 12 months. To access the replay, visit https://webcasts.com/RobertHalfQ42024. The conference call also will be archived in audio format on the Company’s website at roberthalf.com.
Robert Half is the world’s first and largest specialized talent solutions and business consulting firm, connecting highly skilled job seekers with rewarding opportunities at great companies. We offer contract talent and permanent placement solutions in the fields of finance and accounting, technology, marketing and creative, legal, and administrative and customer support, and we also provide executive search services. Robert Half is the parent company of Protiviti®, a global consulting firm that delivers internal audit, risk, business and technology consulting solutions. In the past 12 months, Robert Half, including Protiviti, has been named one of the Fortune® World’s Most Admired Companies™ and 100 Best Companies to Work For, and a Forbes Best Employer for Diversity.
Certain information contained in this press release and its attachments may be deemed forward-looking statements regarding events and financial trends that may affect the future operating results or financial positions of Robert Half Inc. (the “Company”). Forward-looking statements are not guarantees or promises that goals or targets will be met. These statements may be identified by words such as “anticipate,” “potential,” “estimate,” “forecast,” “target,” “project,” “plan,” “intend,” “believe,” “expect,” “should,” “could,” “would,” “may,” “might,” “will,” or variations or negatives thereof or by similar or comparable words or phrases. In addition, historical, current and forward-looking information about the Company’s environmental, social and governance and compliance programs, including targets or goals, may not be considered material for the Securities and Exchange Commission (“SEC”) or other mandatory reporting purposes and may be based on standards for measuring progress that are still developing, on internal controls, diligence, or processes that are evolving, on representations


reviewed or provided by third parties, and on assumptions that are subject to change in the future. Forward-looking statements are estimates only, based on management’s current expectations, currently available information and current strategy, plans, or forecasts, and involve certain known and unknown risks, uncertainties, and assumptions that are difficult to predict and often beyond our control and are inherently uncertain. Forward-looking statements are subject to risks and uncertainties that could cause actual results, outcomes, or the timing of these results or outcomes, to differ materially from those expressed or implied in the statements.
These risks and uncertainties include, but are not limited to, the following: changes to or new interpretations of United States of America (“U.S.”) or international tax regulations; the global financial and economic situation; changes in levels of unemployment and other economic conditions in the U.S. or foreign countries where the Company does business, or in particular regions or industries; reduction in the supply of candidates for contract employment or the Company’s ability to attract candidates; the development, proliferation and adoption of artificial intelligence (“AI”) by the Company and the third parties it serves; the entry of new competitors into the marketplace or expansion by existing competitors; the ability of the Company to maintain existing client relationships and attract new clients in the context of changing economic or competitive conditions; the impact of competitive pressures, including any change in the demand for the Company’s services, on the Company’s ability to maintain its margins; the possibility of the Company incurring liability for its activities, including the activities of its engagement professionals, or for events impacting its engagement professionals on clients’ premises; the possibility that adverse publicity could impact the Company’s ability to attract and retain clients and candidates; the success of the Company in attracting, training, and retaining qualified management personnel and other staff employees; the Company’s ability to comply with governmental regulations affecting personnel services businesses in particular or employer/employee relationships in general; whether there will be ongoing demand for Sarbanes-Oxley or other regulatory compliance services; the Company’s reliance on short-term contracts for a significant percentage of its business; litigation relating to prior or current transactions or activities, including litigation that may be disclosed from time to time in the Company’s SEC filings; the impact of extreme weather conditions on the Company and its candidates and clients, the ability of the Company to manage its international operations and comply with foreign laws and regulations; the impact of fluctuations in foreign currency exchange rates; the possibility that the additional costs the Company will incur as a result of health care or other reform legislation may adversely affect the Company’s profit margins or the demand for the Company’s services; the possibility that the Company’s computer and communications hardware and software systems could be damaged or their service interrupted or the Company could experience a cybersecurity breach; and the possibility that the Company may fail to maintain adequate financial and management controls, and as a result suffer errors in its financial reporting.
Additionally, with respect to Protiviti, other risks and uncertainties include the fact that future success will depend on its ability to retain employees and attract clients; there can be no assurance that there will be ongoing demand for broad based consulting, regulatory compliance, technology services, public sector or other high demand advisory services; failure to produce projected revenues could adversely affect financial results; and there is the possibility of involvement in litigation relating to prior or current transactions or activities.
A summary of additional risks and uncertainties can be found in the Annual Report on Form 10-K for the year ended December 31, 2023, and in the Company's other filings with the U.S. Securities and Exchange Commission.
Because long-term contracts are not a significant part of the Company’s business, future results cannot be reliably predicted by considering past trends or extrapolating past results. The Company undertakes no obligation to update information contained in this release, whether as a result of new information, future events, or otherwise, and notwithstanding any historical practice of doing so.
A copy of this release is available at www.roberthalf.com/investor-center.
 
ATTACHED: 
 
Summary of Operations
 
Supplemental Financial Information
 
Non-GAAP Financial Measures









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ROBERT HALF INC.
SUMMARY OF OPERATIONS
(in thousands, except per share amounts)
 
 Three Months Ended
December 31,		Year Ended
December 31,
 2024202320242023
 (Unaudited)(Unaudited)
Service revenues$1,382,372 $1,472,892 $5,795,837 $6,392,517 
Costs of services846,274 888,728 3,548,607 3,817,513 
Gross margin536,098584,1642,247,2302,575,004
Selling, general and administrative expenses471,326516,6662,004,5392,107,531
Income from investments held in employee deferred compensation trusts (which is completely offset by related costs and expenses)(5,740)(46,657)(94,079)(88,020)
Amortization of intangible assets3047211,2172,883
Interest income, net(5,128)(6,697)(22,118)(23,973)
Income before income taxes75,336 120,131 357,671 576,583 
Provision for income taxes21,046 32,827 106,073 165,437 
Net income$54,290 $87,304 $251,598 $411,146 
Diluted net income per share$0.53 $0.83 $2.44 $3.88 
 
Weighted average shares:
Basic101,549 104,286 102,661 105,530 
Diluted102,008 104,960 103,028 106,074 





















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ROBERT HALF INC.
SUPPLEMENTAL FINANCIAL INFORMATION
(in thousands)

Three Months Ended
December 31,		Year Ended
December 31,
2024202320242023
(Unaudited)(Unaudited)
SERVICE REVENUES INFORMATION
Contract talent solutions
Finance and accounting$574,898 $635,281 $2,454,119 $2,811,093 
Administrative and customer support172,783 189,471 741,468 816,409 
Technology158,009 163,724 634,062 710,156 
Elimination of intersegment revenues (1)(120,176)(101,098)(471,777)(442,326)
Total contract talent solutions785,514 887,378 3,357,872 3,895,332 
Permanent placement talent solutions108,099 121,564 487,204 567,486 
Protiviti488,759 463,950 1,950,761 1,929,699 
Total service revenues$1,382,372 $1,472,892 $5,795,837 $6,392,517 
(1) Service revenues for finance and accounting, administrative and customer support, and technology include intersegment revenues, which represent revenues from services provided to the Company’s Protiviti segment in connection with the Company’s blended business solutions. Intersegment revenues for each functional specialization are aggregated and then eliminated as a single line.

 Three Months Ended December 31,Year Ended December 31,
2024202320242023
 $% of Revenue$% of Revenue$% of Revenue$% of Revenue
(Unaudited)(Unaudited)
BUSINESS SEGMENT INCOME INFORMATION:
Contract talent solutions$16,410 2.1 %$50,878 5.7 %$130,518 3.9 %$292,815 7.5 %
Permanent placement talent solutions$5,862 5.4 %$10,392 8.5 %$46,052 9.5 %$75,004 13.2 %
Protiviti$48,240 9.9 %$52,885 11.4 %$160,200 8.2 %$187,674 9.7 %

 December 31,
 20242023
 (Unaudited)
SELECTED BALANCE SHEET INFORMATION:
Cash and cash equivalents$537,583 $731,740 
Accounts receivable, net$772,285 $860,872 
Total assets$2,854,405 $3,010,789 
Total current liabilities$1,285,739 $1,235,111 
Total stockholders’ equity$1,378,003 $1,588,351 
 Year Ended December 31,
 20242023
(Unaudited)
SELECTED CASH FLOW INFORMATION:
Depreciation$52,053 $51,364 
Capitalized cloud computing implementation costs $29,210 $34,895 
Capital expenditures$56,318 $45,874 
Open market repurchases of common stock (shares)3,5073,047 
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ROBERT HALF INC.
NON-GAAP FINANCIAL MEASURES
The financial results of Robert Half Inc. (the “Company”) are prepared in conformity with accounting principles generally accepted in the United States of America (“GAAP”) and the rules of the SEC. To help readers understand the Company’s financial performance, the Company supplements its GAAP financial results with the following non-GAAP measures: adjusted gross margin; adjusted selling, general and administrative expenses; combined segment income; and as adjusted revenue growth rates.
The following measures: adjusted gross margin and adjusted selling, general and administrative expenses, include gains and losses on investments held to fund the Company’s obligations under employee deferred compensation plans. The Company provides these measures because they are used by management to review its operational results.
Combined segment income is income before income taxes, adjusted for interest income and amortization of intangible assets. The Company provides combined segment income because it is how management evaluates performance.
As adjusted revenue growth rates represent year-over-year revenue growth rates after removing the impacts on reported revenues from the changes in the number of billing days and foreign currency exchange rates. The Company provides this data because it focuses on the Company’s revenue growth rates attributable to operating activities and aids in evaluating revenue trends over time. The impacts from the changes in billing days and foreign currency exchange rates are calculated as follows:
•Billing days impact is calculated by dividing each comparative period’s reported revenues by the number of billing days for that period to arrive at a per billing day amount. Same billing day growth rates are then calculated based on the per billing day amounts. Management calculates a global, weighted-average number of billing days for each reporting period based upon inputs from all countries and all functional specializations and segments.
•Foreign currency impact is calculated by retranslating current period international revenues, using foreign currency exchange rates from the prior year’s comparable period.
The non-GAAP financial measures provided herein may not provide information that is directly comparable to that provided by other companies in the Company’s industry, as other companies may calculate such financial results differently. The Company’s non-GAAP financial measures are not measurements of financial performance under GAAP and should not be considered as alternatives to amounts presented in accordance with GAAP. The Company does not consider these non-GAAP financial measures to be a substitute for, or superior to, the information provided by GAAP financial results. A reconciliation of the non-GAAP financial measures to the most directly comparable GAAP financial measures is provided on the following pages.






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ROBERT HALF INC.
NON-GAAP FINANCIAL MEASURES
ADJUSTED GROSS MARGIN (UNAUDITED):
(in thousands)
Three Months Ended December 31,RelationshipsYear Ended December 31,Relationships
As ReportedAs AdjustedAs ReportedAs AdjustedAs ReportedAs AdjustedAs ReportedAs Adjusted
2024202320242023202420232024202320242023202420232024202320242023
Gross Margin
Contract talent solutions
$306,758 $351,893 $306,758 $351,893 39.1 %39.7 %39.1 %39.7 %$1,316,524 $1,549,312 $1,316,524 $1,549,312 39.2 %39.8 %39.2 %39.8 %
Permanent placement talent solutions
107,866 121,330 107,866 121,330 99.8 %99.8 %99.8 %99.8 %486,219 566,381 486,219 566,381 99.8 %99.8 %99.8 %99.8 %
Total talent solutions414,624 473,223 414,624 473,223 46.4 %46.9 %46.4 %46.9 %1,802,743 2,115,693 1,802,743 2,115,693 46.9 %47.4 %46.9 %47.4 %
Protiviti
121,474 110,941 122,560 119,951 24.9 %23.9 %25.1 %25.9 %444,487 459,311 463,250 475,572 22.8 %23.8 %23.7 %24.6 %
Total$536,098 $584,164 $537,184 $593,174 38.8 %39.7 %38.9 %40.3 %$2,247,230 $2,575,004 $2,265,993 $2,591,265 38.8 %40.3 %39.1 %40.5 %
The following tables provide reconciliations of the non-GAAP adjusted gross margin to reported gross margin for the three months ended December 31, 2024 and 2023:
Three Months Ended December 31, 2024Three Months Ended December 31, 2023
Contract talent
solutions		Permanent placement talent solutionsTotal talent solutionsProtivitiTotalContract talent
solutions		Permanent placement talent solutionsTotal talent solutionsProtivitiTotal
$% of Revenue$% of Revenue$% of Revenue$% of Revenue$% of Revenue$% of Revenue$% of Revenue$% of Revenue$% of Revenue$% of Revenue
Gross Margin
As Reported$306,758 39.1 %$107,866 99.8 %$414,624 46.4 %$121,474 24.9 %$536,098 38.8 %$351,893 39.7 %$121,330 99.8 %$473,223 46.9 %$110,941 23.9 %$584,164 39.7 %
Adjustments (1)— — — — — — 1,086 0.2 %1,086 0.1 %— — — — — — 9,010 2.0 %9,010 0.6 %
As Adjusted$306,758 39.1 %$107,866 99.8 %$414,624 46.4 %$122,560 25.1 %$537,184 38.9 %$351,893 39.7 %$121,330 99.8 %$473,223 46.9 %$119,951 25.9 %$593,174 40.3 %
The following tables provide reconciliations of the non-GAAP adjusted gross margin to reported gross margin for the years ended December 31, 2024 and 2023:
Year Ended December 31, 2024Year Ended December 31, 2023
Contract talent
solutions		Permanent placement talent solutionsTotal talent solutionsProtivitiTotalContract talent
solutions		Permanent placement talent solutionsTotal talent solutionsProtivitiTotal
$% of Revenue$% of Revenue$% of Revenue$% of Revenue$% of Revenue$% of Revenue$% of Revenue$% of Revenue$% of Revenue$% of Revenue
Gross Margin
As Reported$1,316,524 39.2 %$486,219 99.8 %$1,802,743 46.9 %$444,487 22.8 %$2,247,230 38.8 %$1,549,312 39.8 %$566,381 99.8 %$2,115,693 47.4 %$459,311 23.8 %$2,575,004 40.3 %
Adjustments (1)— — — — — — 18,763 0.9 %18,763 0.3 %— — — — — — 16,261 0.8 %16,261 0.2 %
As Adjusted$1,316,524 39.2 %$486,219 99.8 %$1,802,743 46.9 %$463,250 23.7 %$2,265,993 39.1 %$1,549,312 39.8 %$566,381 99.8 %$2,115,693 47.4 %$475,572 24.6 %$2,591,265 40.5 %
(1)Changes in the Company’s employee deferred compensation plan obligations related to Protiviti operations are included in costs of services, while the related investment income is presented separately. The non-GAAP financial adjustments shown in the table above are to reclassify investment income from investments held in employee deferred compensation trusts to the same line item that includes the corresponding change in obligation. These adjustments have no impact on income before income taxes.


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ROBERT HALF INC.
NON-GAAP FINANCIAL MEASURES
ADJUSTED SELLING, GENERAL AND ADMINISTRATIVE EXPENSES (UNAUDITED):
(in thousands)
Three Months Ended December 31,RelationshipsYear Ended December 31,Relationships
As ReportedAs AdjustedAs ReportedAs AdjustedAs ReportedAs AdjustedAs ReportedAs Adjusted
2024202320242023202420232024202320242023202420232024202320242023
Selling, General and
  Administrative Expenses
Contract talent solutions
$294,387 $334,785 $290,348 $301,015 37.5 %37.7 %37.0 %33.9 %$1,252,588 $1,320,752 $1,186,006 $1,256,497 37.3 %33.9 %35.3 %32.3 %
Permanent placement talent solutions
102,619 114,815 102,004 110,938 94.9 %94.4 %94.4 %91.3 %448,901 498,881 440,167 491,377 92.1 %87.9 %90.3 %86.6 %
Total talent solutions397,006 449,600 392,352 411,953 44.4 %44.6 %43.9 %40.8 %1,701,489 1,819,633 1,626,173 1,747,874 44.3 %40.8 %42.3 %39.2 %
Protiviti
74,320 67,066 74,320 67,066 15.2 %14.5 %15.2 %14.5 %303,050 287,898 303,050 287,898 15.5 %14.9 %15.5 %14.9 %
Total$471,326 $516,666 $466,672 $479,019 34.1 %35.1 %33.8 %32.5 %$2,004,539 $2,107,531 $1,929,223 $2,035,772 34.6 %33.0 %33.3 %31.8 %
The following tables provide reconciliations of the non-GAAP adjusted selling, general and administrative expenses to reported selling, general and administrative expenses for the three months ended December 31, 2024 and 2023:
Three Months Ended December 31, 2024Three Months Ended December 31, 2023
Contract talent
solutions		Permanent placement talent solutionsTotal talent solutionsProtivitiTotalContract talent
solutions		Permanent placement talent solutionsTotal talent solutionsProtivitiTotal
$% of Revenue$% of Revenue$% of Revenue$% of Revenue$% of Revenue$% of Revenue$% of Revenue$% of Revenue$% of Revenue$% of Revenue
Selling, General and
  Administrative Expenses
As Reported$294,387 37.5 %$102,619 94.9 %$397,006 44.4 %$74,320 15.2 %$471,326 34.1 %$334,785 37.7 %$114,815 94.4 %$449,600 44.6 %$67,066 14.5 %$516,666 35.1 %
Adjustments (1)(4,039)(0.5 %)(615)(0.5 %)(4,654)(0.5 %)— — (4,654)(0.3 %)(33,770)(3.8 %)(3,877)(3.1 %)(37,647)(3.8 %)— — (37,647)(2.6 %)
As Adjusted$290,348 37.0 %$102,004 94.4 %$392,352 43.9 %$74,320 15.2 %$466,672 33.8 %$301,015 33.9 %$110,938 91.3 %$411,953 40.8 %$67,066 14.5 %$479,019 32.5 %
The following tables provide reconciliations of the non-GAAP adjusted selling, general and administrative expenses to reported selling, general and administrative expenses for the years ended December 31, 2024 and 2023:
Year Ended December 31, 2024Year Ended December 31, 2023
Contract talent solutionsPermanent placement talent solutionsTotal talent solutionsProtivitiTotalContract talent solutionsPermanent placement talent solutionsTotal talent solutionsProtivitiTotal
$% of Revenue$% of Revenue$% of Revenue$% of Revenue$% of Revenue$% of Revenue$% of Revenue$% of Revenue$% of Revenue$% of Revenue
Selling, General and
  Administrative Expenses
As Reported$1,252,588 37.3 %$448,901 92.1 %$1,701,489 44.3 %$303,050 15.5 %$2,004,539 34.6 %$1,320,752 33.9 %$498,881 87.9 %$1,819,633 40.8 %$287,898 14.9 %$2,107,531 33.0 %
Adjustments (1)(66,582)(2.0 %)(8,734)(1.8 %)(75,316)(2.0 %)— — (75,316)(1.3 %)(64,255)(1.6 %)(7,504)(1.3 %)(71,759)(1.6 %)— — (71,759)(1.2 %)
As Adjusted$1,186,006 35.3 %$440,167 90.3 %$1,626,173 42.3 %$303,050 15.5 %$1,929,223 33.3 %$1,256,497 32.3 %$491,377 86.6 %$1,747,874 39.2 %$287,898 14.9 %$2,035,772 31.8 %
(1)Changes in the Company’s employee deferred compensation plan obligations related to talent solutions operations are included in selling, general and administrative expenses, while the related investment income is presented separately. The non-GAAP financial adjustments shown in the table above are to reclassify investment income from investments held in employee deferred compensation trusts to the same line item that includes the corresponding change in obligation. These adjustments have no impact on income before income taxes.
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ROBERT HALF INC.
NON-GAAP FINANCIAL MEASURES
COMBINED SEGMENT INCOME (UNAUDITED):
(in thousands)

The following tables provide reconciliations of the non-GAAP combined segment income to reported income before income taxes for the three months and years ended December 31, 2024 and 2023:
 Three Months Ended December 31,Year Ended December 31,
2024202320242023
 $% of Revenue$% of Revenue$% of Revenue$% of Revenue
Income before income taxes$75,336 5.4 %$120,131 8.2 %$357,671 6.2 %$576,583 9.0 %
Interest income, net(5,128)(0.3 %)(6,697)(0.4 %)(22,118)(0.4 %)(23,973)(0.3 %)
Amortization of intangible assets304 0.0 %721 0.0 %1,217 0.0 %2,883 0.0 %
Combined segment income$70,512 5.1 %$114,155 7.8 %$336,770 5.8 %$555,493 8.7 %


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ROBERT HALF INC.
NON-GAAP FINANCIAL MEASURES
REVENUE GROWTH RATES (%) (UNAUDITED): 
 Year-Over-Year Growth Rates
(As Reported)		Non-GAAP Year-Over-Year Growth Rates
(As Adjusted)
 2023202420232024
 Q3Q4Q1Q2Q3Q4Q3Q4Q1Q2Q3Q4
Global
Finance and accounting-16.0-17.2-17.5-13.6-9.2-9.5-15.2-17.8-17.0-13.5-10.5-9.8
Administrative and customer support-21.5-18.7-8.9-9.8-9.2-8.8-21.2-19.4-8.3-9.8-10.8-9.4
Technology-21.3-21.7-18.6-13.1-6.1-3.5-20.0-21.8-17.8-13.1-7.6-4.1
Elimination of intersegment revenues (1)-24.2-26.6-10.31.421.618.9-23.8-27.2-9.91.319.417.8
Total contract talent solutions
-17.3-17.2-16.7-14.5-11.9-11.5-16.4-17.7-16.2-14.4-13.2-11.8
Permanent placement talent solutions-23.3-22.0-20.4-12.2-11.9-11.1-22.5-22.6-19.8-12.0-13.2-11.4
Total talent solutions-18.1-17.8-17.2-14.2-11.9-11.4-17.3-18.3-16.7-14.0-13.2-11.7
Protiviti
-6.0-7.1-6.1-0.96.45.3-4.9-7.5-5.4-0.94.54.5
Total-14.7-14.7-14.0-10.2-6.3-6.1-13.8-15.2-13.4-10.1-7.7-6.6
United States
Contract talent solutions
-20.7-20.5-19.1-15.7-12.4-10.3-19.2-20.3-18.6-15.8-13.7-11.2
Permanent placement talent solutions-26.9-22.6-19.3-11.5-9.0-9.6-25.5-22.5-18.7-11.7-10.4-10.4
Total talent solutions-21.5-20.7-19.1-15.2-12.0-10.2-20.0-20.6-18.6-15.3-13.3-11.1
Protiviti
-7.4-7.3-4.83.39.36.6-5.6-7.2-4.23.17.65.6
Total-17.5-16.8-14.9-9.6-5.2-4.7-15.9-16.7-14.3-9.7-6.7-5.7
International
Contract talent solutions
-3.1-4.4-8.4-10.0-10.6-15.2-4.9-7.5-7.5-9.4-11.7-13.9
Permanent placement talent solutions-13.0-20.6-23.2-13.8-18.6-14.7-14.2-22.8-22.1-13.0-19.8-13.7
Total talent solutions-4.8-7.2-10.8-10.7-11.9-15.1-6.6-10.1-9.9-10.0-13.0-13.9
Protiviti
0.3-6.1-11.3-16.2-5.60.2-1.5-8.9-10.1-15.9-8.1-0.4
Total-3.5-6.9-10.9-12.2-10.2-10.9-5.3-9.8-10.0-11.6-11.7-10.2
(1)Service revenues for finance and accounting, administrative and customer support, and technology include intersegment revenues, which represent revenues from services provided to Protiviti in connection with the Company’s blended business solutions. Intersegment revenues for each functional specialization are aggregated and then eliminated as a single line item.
The non-GAAP financial measures included in the table above adjust for the following items:
Billing Days. The “As Reported” revenue growth rates are based upon reported revenues. Management calculates the billing day impact by dividing each comparative period’s reported revenues by the number of billing days for that period to arrive at a per billing day amount. Same billing day growth rates are then calculated based on the per billing day amounts. Management calculates a global, weighted-average number of billing days for each reporting period based upon input from all countries and all functional specializations and segments.
Foreign Currency Translation. The “As Reported” revenue growth rates are based upon reported revenues, which include the impact of changes in foreign currency exchange rates. The foreign currency impact is calculated by retranslating current period international revenues, using foreign currency exchange rates from the prior year’s comparable period.
The term “As Adjusted” means that the impact of different billing days and constant currency fluctuations are removed from the revenue growth rate calculation. A reconciliation of the non-GAAP year-over-year revenue growth rates to the “As Reported” year-over-year revenue growth rates is included herein, on Pages 10-12.


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ROBERT HALF INC.
NON-GAAP FINANCIAL MEASURES
REVENUE GROWTH RATE (%) RECONCILIATION (UNAUDITED):
Year-Over-Year Revenue Growth – GLOBAL
 Q3 2023Q4 2023Q1 2024Q2 2024Q3 2024 Q4 2024
Finance and accounting
As Reported-16.0 -17.2 -17.5 -13.6 -9.2 -9.5 
Billing Days Impact1.6 0.1 0.7 -0.3 -1.5 -0.8 
Currency Impact-0.8 -0.7 -0.2 0.4 0.2 0.5 
As Adjusted -15.2 -17.8 -17.0 -13.5 -10.5 -9.8 
Administrative and customer support
As Reported-21.5 -18.7 -8.9 -9.8 -9.2 -8.8 
Billing Days Impact1.4 0.2 0.8 -0.3 -1.5 -0.8 
Currency Impact-1.1 -0.9 -0.2 0.3 -0.1 0.2 
As Adjusted -21.2 -19.4 -8.3 -9.8 -10.8 -9.4 
Technology
As Reported-21.3 -21.7 -18.6 -13.1 -6.1 -3.5 
Billing Days Impact1.5 0.1 0.7 -0.3 -1.5 -0.7 
Currency Impact-0.2 -0.2 0.1 0.3 0.0 0.1 
As Adjusted -20.0 -21.8 -17.8 -13.1 -7.6 -4.1 
Elimination of intersegment revenues
As Reported-24.2 -26.6 -10.3 1.4 21.6 18.9 
Billing Days Impact1.4 0.1 0.7 -0.3 -1.9 -1.0 
Currency Impact-1.0 -0.7 -0.3 0.2 -0.3 -0.1 
As Adjusted-23.8 -27.2 -9.9 1.3 19.4 17.8 
Total contract talent solutions
As Reported-17.3 -17.2 -16.7 -14.5 -11.9 -11.5 
Billing Days Impact1.6 0.2 0.6 -0.3 -1.4 -0.7 
Currency Impact-0.7 -0.7 -0.1 0.4 0.1 0.4 
As Adjusted-16.4 -17.7 -16.2 -14.4 -13.2 -11.8 
Permanent placement talent solutions
As Reported-23.3 -22.0 -20.4 -12.2 -11.9 -11.1 
Billing Days Impact1.5 0.1 0.7 -0.3 -1.4 -0.7 
Currency Impact-0.7 -0.7 -0.1 0.5 0.1 0.4 
As Adjusted-22.5 -22.6 -19.8 -12.0 -13.2 -11.4 
Total talent solutions
As Reported-18.1 -17.8 -17.2 -14.2 -11.9 -11.4 
Billing Days Impact1.5 0.2 0.6 -0.2 -1.4 -0.7 
Currency Impact-0.7 -0.7 -0.1 0.4 0.1 0.4 
As Adjusted-17.3 -18.3 -16.7 -14.0 -13.2 -11.7 
Protiviti
As Reported-6.0 -7.1 -6.1 -0.9 6.4 5.3 
Billing Days Impact1.8 0.2 0.7 -0.3 -1.7 -0.8 
Currency Impact-0.7 -0.6 0.0 0.3 -0.2 0.0 
As Adjusted-4.9 -7.5 -5.4 -0.9 4.5 4.5 
Total
As Reported-14.7 -14.7 -14.0 -10.2 -6.3 -6.1 
Billing Days Impact1.6 0.1 0.7 -0.3 -1.4 -0.8 
Currency Impact-0.7 -0.6 -0.1 0.4 0.0 0.3 
As Adjusted-13.8 -15.2 -13.4 -10.1 -7.7 -6.6 




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ROBERT HALF INC.
NON-GAAP FINANCIAL MEASURES
REVENUE GROWTH RATE (%) RECONCILIATION (UNAUDITED):

Year-Over-Year Revenue Growth – UNITED STATES
 Q3 2023Q4 2023Q1 2024Q2 2024Q3 2024 Q4 2024
Contract talent solutions
As Reported-20.7 -20.5 -19.1 -15.7 -12.4 -10.3 
Billing Days Impact1.5 0.2 0.5 -0.1 -1.3 -0.9 
Currency Impact――――――
As Adjusted-19.2 -20.3 -18.6 -15.8 -13.7 -11.2 
Permanent placement talent solutions
As Reported-26.9 -22.6 -19.3 -11.5 -9.0 -9.6 
Billing Days Impact1.4 0.1 0.6 -0.2 -1.4 -0.8 
Currency Impact――――――
As Adjusted-25.5 -22.5 -18.7 -11.7 -10.4 -10.4 
Total talent solutions
As Reported-21.5 -20.7 -19.1 -15.2 -12.0 -10.2 
Billing Days Impact1.5 0.1 0.5 -0.1 -1.3 -0.9 
Currency Impact――――――
As Adjusted-20.0 -20.6 -18.6 -15.3 -13.3 -11.1 
Protiviti
As Reported-7.4 -7.3 -4.8 3.3 9.3 6.6 
Billing Days Impact1.8 0.1 0.6 -0.2 -1.7 -1.0 
Currency Impact――――――
As Adjusted-5.6 -7.2 -4.2 3.1 7.6 5.6 
Total
As Reported-17.5 -16.8 -14.9 -9.6 -5.2 -4.7 
Billing Days Impact1.6 0.1 0.6 -0.1 -1.5 -1.0 
Currency Impact――――――
As Adjusted-15.9 -16.7 -14.3 -9.7 -6.7 -5.7 
- 11 -

ROBERT HALF INC.
NON-GAAP FINANCIAL MEASURES
REVENUE GROWTH RATE (%) RECONCILIATION (UNAUDITED):
Year-Over-Year Revenue Growth – INTERNATIONAL
 Q3 2023Q4 2023Q1 2024Q2 2024Q3 2024 Q4 2024
Contract talent solutions
As Reported-3.1 -4.4 -8.4 -10.0 -10.6 -15.2 
Billing Days Impact1.8 0.1 1.5 -1.1 -1.6 -0.4 
Currency Impact-3.6 -3.2 -0.6 1.7 0.5 1.7 
As Adjusted-4.9 -7.5 -7.5 -9.4 -11.7 -13.9 
Permanent placement talent solutions
As Reported-13.0 -20.6 -23.2 -13.8 -18.6 -14.7 
Billing Days Impact1.6 0.1 1.3 -1.0 -1.6 -0.4 
Currency Impact-2.8 -2.3 -0.2 1.8 0.4 1.4 
As Adjusted-14.2 -22.8 -22.1 -13.0 -19.8 -13.7 
Total talent solutions
As Reported-4.8 -7.2 -10.8 -10.7 -11.9 -15.1 
Billing Days Impact1.7 0.2 1.4 -1.0 -1.6 -0.5 
Currency Impact-3.5 -3.1 -0.5 1.7 0.5 1.7 
As Adjusted-6.6 -10.1 -9.9 -10.0 -13.0 -13.9 
Protiviti
As Reported0.3 -6.1 -11.3 -16.2 -5.6 0.2 
Billing Days Impact1.8 0.2 1.4 -1.0 -1.7 -0.4 
Currency Impact-3.6 -3.0 -0.2 1.3 -0.8 -0.2 
As Adjusted-1.5 -8.9 -10.1 -15.9 -8.1 -0.4 
Total
As Reported-3.5 -6.9 -10.9 -12.2 -10.2 -10.9 
Billing Days Impact1.7 0.1 1.3 -1.0 -1.6 -0.5 
Currency Impact-3.5 -3.0 -0.4 1.6 0.1 1.2 
As Adjusted-5.3 -9.8 -10.0 -11.6 -11.7 -10.2 




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v3.24.4
Cover Page
Jan. 29, 2025
Cover [Abstract]  
Document Type 8-K
Document Period End Date Jan. 29, 2025
Entity Registrant Name Robert Half Inc.
Entity Incorporation, State or Country Code DE
Entity File Number 01-10427
Entity Central Index Key 0000315213
Amendment Flag false
Entity Tax Identification Number 94-1648752
Entity Address, Address Line One 2884 Sand Hill Road, Suite 200,
Entity Address, City or Town Menlo Park,
Entity Address, State or Province CA
Entity Address, Postal Zip Code 94025
City Area Code 650
Local Phone Number 234-6000
Written Communications false
Soliciting Material false
Pre-commencement Tender Offer false
Pre-commencement Issuer Tender Offer false
Title of 12(b) Security Common Stock, Par Value $.001 per Share
Trading Symbol RHI
Security Exchange Name NYSE
Entity Emerging Growth Company false
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