olivLaw · US equity research
Robert Half Inc. RHI
Services-Help Supply Services · SIC 7363 · Vertical: Services-Help Supply Services (SIC 7363)
Robert Half Inc. is a global specialized talent solutions and business consulting company operating through the Robert Half and Protiviti brands. The business entered 2026 after a year of declining revenue, and management signals a gradual recovery in hiring demand. Service revenues were 5.38 billion USD in 2025.
The AI analysis may be outdated: new filings came after its sources (see the «AI analysis» section).
At the close of 05 Nov 2026, Robert Half Inc. (RHI) stock was 42.99 USD (−4.36% on the day), with market capitalisation 4.4 bn USD, P/E 35.6 on diluted EPS of 1.21 USD over the last 12 months, dividend yield 5.49%, beta 0.80, 52-week range 21.86–45.87 USD. Latest reported quarter (Q3 2026): revenue of 1.4 bn USD (+0.4% YoY), net income of 49.9 m USD (+16.2% YoY), diluted EPS 0.49 USD.
Data as of · AI analysis dated · Source: SEC filings and closing prices, computed by olivLaw.
Price history
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Technical reading
- RSI (14)
- 58.8
- strong (55–70)
- Bollinger (20, 2)
- 29.51 – 48.74
- in the upper half of the band · %B 0.70 · band width 49.1%
- SMA 50 / 200
- 38.73 / 32.53
- uptrend (price > SMA50 > SMA200)
- MACD (12, 26, 9)
- 2.01 / 1.39
- MACD above signal
Indicators describe past prices; on their own they do not predict direction. On our history the RSI ≤ 40 filter added no return (see the signals methodology).
Performance
| Company | S&P 500 | vs S&P 500 | Vertical median | |
|---|---|---|---|---|
| 1 month | +27.7% | −5.9% | +33.6 pp | — |
| 3 months | +5.7% | −4.6% | +10.3 pp | — |
| 6 months | +56.9% | +0.2% | +56.7 pp | — |
| Year to date | +58.3% | +7.4% | +50.9 pp | — |
| 1 year | +67.1% | +8.2% | +58.9 pp | +18.6% |
| 3 years | −43.8% | +68.4% | −112.3 pp | −37.6% |
| 5 years | −63.8% | +56.5% | −120.3 pp | — |
Price returns, dividends excluded.
Quarterly results
Latest quarter: Q3 2026 · 30 Sept 2026
Quarterly margins
Quarterly statements · USD
| Fiscal year | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | Q3 '26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1.4 bn | 1.4 bn | 1.4 bn | 1.4 bn | 1.3 bn | 1.3 bn | 1.3 bn | 1.4 bn |
| Cost of revenue | 846.3 m | 852.9 m | 860.3 m | 850.2 m | 812.8 m | 820.3 m | 862.3 m | 827.2 m |
| Gross profit | 536.1 m | 499.0 m | 509.5 m | 504.2 m | 489.6 m | 479.9 m | 474.0 m | 532.1 m |
| SG&A | 471.6 m | 460.2 m | 507.9 m | 490.6 m | 467.1 m | 443.0 m | 536.3 m | 457.2 m |
| Operating income | 64.5 m | 38.9 m | 1.5 m | 13.6 m | 22.5 m | 36.9 m | -62.3 m | 74.8 m |
| Pre-tax income | 75.3 m | 22.3 m | 61.4 m | 63.7 m | 46.9 m | 31.4 m | 40.6 m | 74.7 m |
| Income tax | 21.0 m | 4.9 m | 20.5 m | 20.8 m | 15.2 m | 17.7 m | 14.3 m | 24.8 m |
| Net income | 54.3 m | 17.4 m | 41.0 m | 42.9 m | 31.8 m | 13.8 m | 26.3 m | 49.9 m |
| Diluted EPS | 0.53 ≈ | 0.17 | 0.41 | 0.43 | 0.32 ≈ | 0.14 | 0.26 | 0.49 |
| Operating cash flow | 154.8 m | -59.3 m | 119.4 m ≈ | 77.4 m ≈ | 182.5 m | -112.3 m | 108.7 m ≈ | 66.2 m ≈ |
| Capex | 14.3 m | 12.4 m | 15.2 m ≈ | 13.8 m ≈ | 11.7 m | 8.5 m | 7.2 m ≈ | 8.4 m ≈ |
| Dividends paid | 54.1 m | 61.3 m | 59.4 m ≈ | 58.9 m ≈ | 58.7 m | 61.7 m | 59.1 m ≈ | 59.0 m ≈ |
| Share repurchases | 80.5 m | 49.9 m | 21.1 m ≈ | 21.1 m ≈ | 24.0 k | 6.1 m | 618.0 k ≈ | 33.0 k ≈ |
≈ derived quarter (cumulative difference / share-days average)
E/P over time
E/P = trailing-12-month diluted EPS / price at quarter end. E/P is the inverse of P/E and stays defined when earnings are negative.
Today's P/E sits at the 100 percentile of its own 40-quarter history (min 10.0, median 20.1, max 30.4; quarters with earnings only).
Fiscal years
| Fiscal year | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 5.8 bn | 6.1 bn | 5.1 bn | 6.5 bn | 7.2 bn | 6.4 bn | 5.8 bn | 5.4 bn |
| Revenue YoY | +10.1% | +4.7% | −15.9% | +26.5% | +12.0% | −11.7% | −9.3% | −7.2% |
| Net income | 434.3 m | 454.4 m | 306.3 m | 598.6 m | 657.9 m | 411.1 m | 251.6 m | 133.0 m |
| Net income YoY | +49.5% | +4.6% | −32.6% | +95.5% | +9.9% | −37.5% | −38.8% | −47.1% |
| Diluted EPS | 3.57 | 3.90 | 2.70 | 5.36 | 6.03 | 3.88 | 2.44 | 1.33 |
| Diluted EPS YoY | +53.2% | +9.2% | −30.8% | +98.5% | +12.5% | −35.7% | −37.1% | −45.5% |
| net % | 7.5% | 7.5% | 6.0% | 9.3% | 9.1% | 6.4% | 4.3% | 2.5% |
| Free cash flow | 529.8 m | 460.2 m | 563.2 m | 566.5 m | 622.6 m | 591.0 m | 354.2 m | 266.8 m |
Reported results vs expectations
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Balance sheet & financial health
Fiscal year 2025 · 31 Dec 2025
- Cash
- 464.4 m USD
- Financial debt
- unavailable USD
- Net debt
- unavailable USD
- Equity
- 1.3 bn USD
- Total assets
- 2.9 bn USD
- Debt / equity
- unavailable
- Current ratio
- 1.53x
- ROE
- 10.0%
- ROA
- 4.7%
- FCF margin
- 5.0%
Financial statements (source on every figure)
Revenue and net income (USD)
Margins
Income statement · USD
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Revenue | 5.1 bn | 6.5 bn | 7.2 bn | 6.4 bn | 5.8 bn | 5.4 bn | SEC (XBRL)· 13 Feb 2026verified |
| Cost of revenue | 3.1 bn | 3.8 bn | 4.1 bn | 3.8 bn | 3.5 bn | 3.4 bn | SEC (XBRL)· 13 Feb 2026verified |
| Gross profit | 2.0 bn | 2.7 bn | 3.1 bn | 2.6 bn | 2.2 bn | 2.0 bn | SEC (XBRL)· 13 Feb 2026verified |
| SG&A | 1.7 bn | 2.0 bn | 2.1 bn | 2.1 bn | 2.0 bn | 1.9 bn | SEC (XBRL)· 13 Feb 2026verified |
| Operating income | 421.8 m | 805.8 m | 890.6 m | 464.6 m | 241.5 m | 76.5 m | SEC (XBRL)· 13 Feb 2026verified |
| Pre-tax income | 421.9 m | 803.8 m | 897.0 m | 576.6 m | 357.7 m | 194.4 m | SEC (XBRL)· 13 Feb 2026verified |
| Income tax | 115.6 m | 205.2 m | 239.0 m | 165.4 m | 106.1 m | 61.4 m | SEC (XBRL)· 13 Feb 2026verified |
| Net income | 306.3 m | 598.6 m | 657.9 m | 411.1 m | 251.6 m | 133.0 m | SEC (XBRL)· 13 Feb 2026verified |
| Diluted EPS | 2.70 | 5.36 | 6.03 | 3.88 | 2.44 | 1.33 | SEC (XBRL)· 13 Feb 2026verified |
| Weighted average diluted shares | 113.3 m | 111.7 m | 109.2 m | 106.1 m | 103.0 m | 100.3 m | SEC (XBRL)· 13 Feb 2026verified |
| Dividend per share | 1.36 | 1.52 | 1.72 | 1.92 | 2.12 | 2.36 | SEC (XBRL)· 13 Feb 2026verified |
Balance sheet · USD
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Cash | 574.4 m | 619.0 m | 658.6 m | 731.7 m | 537.6 m | 464.4 m | SEC (XBRL)· 13 Feb 2026verified |
| Receivables | 714.2 m | 984.7 m | 1.0 bn | 860.9 m | 772.3 m | 748.5 m | SEC (XBRL)· 13 Feb 2026verified |
| Current assets | 1.8 bn | 2.3 bn | 2.3 bn | 2.3 bn | 2.1 bn | 2.1 bn | SEC (XBRL)· 13 Feb 2026verified |
| Property, plant & equipment, net | 109.8 m | 93.4 m | 109.7 m | 108.8 m | 119.6 m | 128.8 m | SEC (XBRL)· 13 Feb 2026verified |
| Goodwill | 223.1 m | 222.9 m | 237.8 m | 238.0 m | 237.2 m | 251.5 m | SEC (XBRL)· 13 Feb 2026verified |
| Intangibles (excl. goodwill) | 5.6 m | 3.3 m | 5.3 m | — | — | — | SEC (XBRL)· 10 Feb 2023verified |
| Total assets | 2.6 bn | 3.0 bn | 3.0 bn | 3.0 bn | 2.9 bn | 2.9 bn | SEC (XBRL)· 13 Feb 2026verified |
| Accounts payable | 130.8 m | 183.8 m | 168.2 m | 156.7 m | 167.0 m | 159.4 m | SEC (XBRL)· 13 Feb 2026verified |
| Short-term debt | 239.0 k | 0 | — | — | — | — | SEC (XBRL)· 14 Feb 2022verified |
| Long-term debt | 0 | — | — | — | — | — | SEC (XBRL)· 12 Feb 2021verified |
| Current liabilities | 1.0 bn | 1.4 bn | 1.2 bn | 1.2 bn | 1.3 bn | 1.4 bn | SEC (XBRL)· 13 Feb 2026verified |
| Total liabilities | 1.4 bn | 1.6 bn | 1.4 bn | 1.4 bn | 1.5 bn | 1.6 bn | SEC (XBRL)· 13 Feb 2026verified |
| Equity | 1.2 bn † | 1.4 bn † | 1.6 bn † | 1.6 bn † | 1.4 bn † | 1.3 bn † | SEC (XBRL)· 13 Feb 2026verified |
† equity attributable to the parent's shareholders: in these years the issuer no longer reports the total including non-controlling interests.
Cash flow · USD
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Operating cash flow | 596.5 m | 603.1 m | 683.8 m | 636.9 m | 410.5 m | 320.0 m | SEC (XBRL)· 13 Feb 2026verified |
| Capex | 33.4 m | 36.6 m | 61.1 m | 45.9 m | 56.3 m | 53.2 m | SEC (XBRL)· 13 Feb 2026verified |
| Free cash flow | 563.2 m ≈ | 566.5 m ≈ | 622.6 m ≈ | 591.0 m ≈ | 354.2 m ≈ | 266.8 m ≈ | SEC (XBRL)· 13 Feb 2026derived |
| Investing cash flow | 9.5 m | -87.6 m | -116.6 m | -112.3 m | -87.1 m | -85.7 m | SEC (XBRL)· 13 Feb 2026verified |
| Financing cash flow | -315.3 m | -458.6 m | -509.2 m | -460.5 m | -496.4 m | -330.3 m | SEC (XBRL)· 13 Feb 2026verified |
| Dividends paid | 155.9 m | 170.6 m | 189.3 m | 205.9 m | 220.4 m | 238.2 m | SEC (XBRL)· 13 Feb 2026verified |
| Share repurchases | 159.2 m | 287.7 m | 319.9 m | 254.6 m | 276.0 m | 92.1 m | SEC (XBRL)· 13 Feb 2026verified |
≈ computed by olivLaw from the reported lines of the same year: Operating cash flow − Capex.
Computed indicators
Growth
Profitability
Returns
Balance sheet
Liquidity
Cash
Efficiency
Market and valuation
Risk
Valuation
olivLaw classification
Score: 39 / 100
A scoring methodology on indicators and valuation, not investment advice.
score < 40 · (margin_of_safety <= -0.25 & agreement in ['high', 'medium'])
Closing price
05 Nov 2026Source: olivLaw, closing series
Market cap: 4.4 bn USD
Key indicators
Coverage and freshness
Score by group
- Returns51
- Growth0
- Balance sheet56
- Valuation33
- Quality84
Estimated value range
The combined range = the median of the valid methods' low, central and high values; it is not a probability interval and does not cover every result. Envelope of all methods: 21.70 – 41.71 USD.
Valuation assumptions are editorial choices, not measured; beta is not measured.
Method ranges (USD per share)
— — Mid · ▏ Price
Valuation methods
- DCF (discounted cash flow)unavailable · input data missing
- Peers: EV/EBITDAunavailable · net debt missing: EV cannot be bridged to equity (missing debt is not zero)
- Peers: P/E21.70 – 28.73 (Mid 26.35)7 companies used · median multiple 21.8x · quartiles 18.0x – 23.8xAMN, BBSI, EFOR, HQI, KFRC, MAN, RCMT
- Dividend discount (DDM)31.01 – 41.71 (Mid 35.57)
Classification (SIC) comparables group by industry code, not by economic activity; the direct group is an editorial selection by activity. Members' multiples are on their own trailing twelve months, at their own latest close.
Assumptions (illustrative, editorial)
- Risk-free rate
- 4.3%
- Equity risk premium
- 5.0%
- Beta (default)
- 1.00
- Cost of equity
- 9.3%
- Terminal growth
- 2.5%
Factor scorecard
Unattractive profile · Score 39/100
| Factor | Value | Score | Weight used |
|---|---|---|---|
| ROIC · Quality | unavailable | unavailable | — |
| Net margin · Quality | 2.3% | 69 (vs peers) | 10% |
| FCF conversion · Quality | 171.9% | 100 (on a fixed band) | 10% |
| Revenue CAGR 3Y · Growth | -9.4% | 0 (on a fixed band) | 13% |
| EPS CAGR 3Y · Growth | -39.6% | 0 (on a fixed band) | 13% |
| Net debt / EBITDA · Balance sheet | unavailable | unavailable | — |
| Interest coverage · Balance sheet | unavailable | unavailable | — |
| Current ratio · Balance sheet | 1.5x | 56 (on a fixed band) | 7% |
| P/E (TTM) · Valuation | 35.6x | 13 (vs peers) | 17% |
| EV/EBITDA · Valuation | unavailable | unavailable | — |
| FCF yield · Valuation | 4.8% | 59 (on a fixed band) | 13% |
| Shareholder yield (distributions) · Returns | 5.6% | 80 (on a fixed band) | 10% |
| Payout ratio (FCF) · Returns | 114.0% | 9 (on a fixed band) | 7% |
Factors without a value were dropped; the remaining weights were renormalised.
Score groups
- Balance sheet· partial56/100 · 1/3 factors with a value
- Growth0/100 · 2/2 factors with a value
- Quality84/100 · 2/3 factors with a value
- Returns51/100 · 2/2 factors with a value
- Valuation33/100 · 2/3 factors with a value
A «partial» group is computed from under half of its weight or from one factor: it is not a full assessment of the group.
Memo
ROBERT HALF INC. (RHI). Latest full fiscal year: 2025; data up to 2026-09-30.
Figures computed from the financial statements: revenue 5.4 bn USD in 2025; YoY growth -7.2%; net margin 2.3%; ROE 9.8%.
The estimated value range is 26.36–35.22 USD per share (median of 2 methods, agreement: high); assumptions are illustrative. Against the central value of 30.96 USD, the price of 42.99 USD leaves a potential of -28.0% (value / price − 1) and a margin of safety of -38.8% (1 − price / value). The range is the median of the methods' low, central and high values, not a probability interval.
olivLaw score 39/100, methodological classification: unattractive profile (score, margin of safety and method agreement together; not a judgement of the right price). Groups assessed only in part: balance. Not investment advice.
Text generated deterministically from the figures shown; no language model. Not investment advice.
What supports the thesis
- FCF conversion: 171.9%
- Shareholder yield (distributions): 5.6%
What contradicts it
- Revenue CAGR 3Y: -9.4%
- EPS CAGR 3Y: -39.6%
- P/E (TTM): 35.6x
- Payout ratio (FCF): 114.0%
- The price is above the estimated value range
Not assessed (insufficient data or a ratio without meaning): ROIC, Net debt / EBITDA, Interest coverage, EV/EBITDA.
Versus the vertical median
Services-Help Supply Services (SIC 7363) · same industry (4-digit SIC) · compared with 16 companies
Multiples and returns vs the median
Price rebased to 100 (monthly, 5 years)
Companies in the vertical
| Market cap | P/E | ROE | Net margin | Revenue YoY | 1A / 3A | |
|---|---|---|---|---|---|---|
| RHIRobert Half Inc. | 4.4 bn | 35.6 | 9.8% | 2.3% | −7.2% | +67% / −44% |
| MANManpowergroup Inc. | 2.2 bn | 18.2 | 5.8% | 0.6% | +0.6% | +61% / −38% |
| NSPInsperity, Inc. | 1.9 bn | 554.9 | 4.6% | 0.0% | +3.5% | +44% / −55% |
| AMNAmn Healthcare Services, Inc. | 1.8 bn | 17.7 | 15.6% | 3.1% | −8.5% | +185% / −30% |
| EFOREverforth, Inc. | 1.5 bn | 21.8 | 3.7% | 1.7% | −2.9% | −21% / −60% |
| KFRCKforce Inc | 997.7 m | 23.4 | 30.5% | 3.0% | −5.4% | +89% / −20% |
| BBSIBarrett Business Services, Inc. | 728.3 m | 24.2 | 13.9% | 2.4% | +8.4% | −13% / +11% |
| TBITrueBlue, Inc. | 376.8 m | — | -15.9% | -2.6% | +3.1% | +152% / −11% |
| HQIHireQuest, Inc. | 239.2 m | 30.0 | 12.1% | 27.1% | −11.4% | +98% / +16% |
| RCMTRcm Technologies, Inc. | 226.3 m | 13.8 | 39.5% | 5.1% | unavailable | +63% / +18% |
| TTECTTEC Holdings, Inc. | 73.0 m | — | -108.2% | -10.2% | −3.2% | −56% / −92% |
| DLHCDlh Holdings Corp. | 52.6 m | — | -20.8% | -8.5% | −13.0% | −42% / −74% |
| BGSFBgsf, Inc | 37.5 m | — | -4.4% | -2.3% | −10.6% | −24% / −64% |
| STRRStar Equity Holdings, Inc. | 35.0 m | — | -18.2% | -4.3% | +22.9% | −6% / −40% |
| CIRCCircle8 Group Inc. | 23.5 m | — | — | -19.4% | −1.5% | −90% / −95% |
| YFORYY Group Holding Ltd. | 3.9 m | — | -94.1% | -11.8% | +29.4% | −100% / unavailable |
| KELYAKelly Services, Inc. | — | — | -11.9% | -3.1% | −1.9% | +63% / −32% |
1- and 3-year price returns: for RHI from daily closes (the same as the performance table), for the other companies from month-end closes.
olivLaw engine forecast
The world engine ran after the company's latest material disclosure. Probabilities are of TOUCHING a level within the horizon (not closing there) and sit next to the random walk (p_rw), the no-information benchmark.
The engine has no published run for this company yet.
Valuation scenarios (editable assumptions)
Illustrative scenarios
Illustrative: not forecasts and without probabilities. Each case is one coherent set of assumptions, computed on today's figures.
Estimated price (USD)
| Estimated price | Bear | Base | Bull |
|---|---|---|---|
| 1 years | 22.62 Total return -45% · Per year -45% | 40.19 Total return -4% · Per year -4% | 60.81 Total return 45% · Per year 45% |
| 3 years | 17.96 Total return -53% · Per year -22% | 36.27 Total return -8% · Per year -3% | 60.81 Total return 51% · Per year 15% |
| 5 years | 14.26 Total return -59% · Per year -16% | 32.74 Total return -12% · Per year -3% | 60.81 Total return 57% · Per year 9% |
- Exit P/E± 9.07
- Net margin± 6.35
- Annual revenue growth± 5.73
- Annual dilution± 0.53
AI analysis
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
Possibly outdated: the newest document it read is from 22 Oct 2026; since then the company filed 10-Q (30 Oct 2026).
In brief
Robert Half Inc. is a global specialized talent solutions and business consulting company operating through the Robert Half and Protiviti brands. The business entered 2026 after a year of declining revenue, and management signals a gradual recovery in hiring demand 123. Service revenues were 5.38 billion USD in 2025 1.
SWOT
Strengths
Weaknesses
Opportunities
Risks
- Dependence on the economic cyclehigh
Demand for staffing and consulting falls when the economy slows, and profit can be hit quickly 1.
- Shortage of candidatesmedium
If the pool of available candidates shrinks, the company may struggle to meet client demand 1.
- Competition and AIhigh
Automated tools could reduce market share and margins 1.
- Liability and cybersecuritymedium
Errors or data breaches involving staff can lead to claims and costs that insurance may not cover 1.
- International and currency risksmedium
Foreign operations face political risk, differing regulation and exchange-rate effects against the U.S. dollar 1.
Investment thesis
What would need to be true (bull case)
- If client confidence keeps rising, revenue could return to sustained growth, and the permanent placement segment already shows progress 23.
- Its position as a global leader and its technology investments could help defend market share against local rivals 1.
- Diversification across contract staffing, placement and consulting could soften a slowdown in any single segment 1.
What would break the thesis
What to watch
- Trajectory of talent solutions revenue after the adjusted growth in the third quarterQ4 2026
- Demand for Protiviti consulting amid changing regulatory enforcement2027
- Impact of AI on demand for contract personnelnext 10-K
- Profitability and margin development after the 2025 declineQ1 2027
Products, market & competition
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
Possibly outdated: the newest document it read is from 22 Oct 2026; since then the company filed 10-Q (30 Oct 2026).
The business
Robert Half provides contract and permanent placement talent in finance and accounting, technology, marketing and creative, legal, and administrative and customer support, plus executive search 13. The company was founded in 1948 and began acquiring its franchised offices in 1986 1. Protiviti, a wholly owned subsidiary, offers consulting in compliance, risk, internal audit, technology and operations 1. Internal full-time staff numbered about 14,500 at year-end 2025 1.
Contract clients pay a fixed rate only for hours worked, while in permanent placement the employer pays the fee 1. The company uses a proprietary AI engine to match candidates to listings and to generate leads 1. As a services business with few tangible assets, its success depends on reputation and on the people it places 1.
Reporting segments are contract talent solutions, permanent placement talent solutions and Protiviti, with talent solutions operating through offices in the U.S. and 18 other countries 1. Protiviti operates in over 25 countries through its independently owned member firms 1.
Segments
Market context
Demand depends on general economic and labor trends. U.S. unemployment was 4.2% on June 30, 2026, and 2.7% for college-educated professionals 2. Real GDP grew at an annualized 1.5% in the second quarter of 2026 2. Management reports that client decisions remain cautious but activity is gradually improving 2.
The talent market is highly competitive with low barriers to entry, and AI tools could partly replace some services 1. At the same time, demand is growing for specialists who combine domain expertise with AI fluency 2.
Trends
- Gradual hiring recoverytailwind
Management sees improving hiring interest, and talent solutions revenues returned to adjusted growth in the third quarter of 2026, the first time since 2022 3. If client confidence keeps rising, even modest increases in hiring could lift demand 2.
- Artificial intelligencemixed
AI improves candidate matching and productivity, but it could reduce clients' need for contract staff on automatable tasks 1. The company argues AI complements rather than replaces its professionals 2.
- Macroeconomic and geopolitical uncertaintyheadwind
Tensions in the Middle East and inflation could delay hiring and consulting decisions, weighing on short-term revenue 2.
- Changing financial regulatory environmentmixed
Fewer large U.S. remediation projects reduce Protiviti's workload, but they increase demand for efficient and technology-enabled solutions 2.
Competitive position
Staffing is highly competitive, and local firms are often the strongest rivals, with price and reliability as key factors 1. Protiviti competes mainly with the Big Four accounting firms and other consultancies that have longer-established reputations 1. The company argues its global network and candidate-matching technology give it an edge in out-of-market recruitment 1.
Competition also includes automated AI tools that could reduce market share if clients prefer them 1. Future profitability is not assured under competitive pressure 1.
- Big Four accounting firms
Main competitors of Protiviti, with long-established reputations and client bases 1.
- Local and regional staffing firms
Strongest rivals in local staffing markets, though they lack global recruitment capabilities 1.
- Other consulting firms
Compete on reputation, technology, methodology and depth of skills 1.
- AI recruiting tool providers
Could partly replace contract staff through automation, as the filing warns 1.
Links, dependencies and risks
Who the company is tied to, from its own SEC filings (customers, suppliers, production, partners, competitors, countries, regulation), from the 5 %+ holders' statements (13D/13G) and from what other companies say about it. Click a node for its evidence; on a listed company the graph moves to it.
Loading the links…
News & filings
In the press
- Robert Half (RHI): Can a Slow Recruitment Recovery Turn a Former Buying Mistake Into a Winner?Yahoo Finance — News · 16 Sept 2026 · EN
The latest news item in our archive is from 16 Sept 2026; the newest SEC filing is from 30 Oct 2026. The press archive comes from the RSS feeds we follow and does not necessarily cover the latest event — the filings alongside do.
SEC filings
- Quarterly report30 Oct 2026
- Current report22 Oct 2026Results of operations · Financial statements and exhibits
- Quarterly report04 Aug 2026
- Current report03 Aug 2026Departure or appointment of officers · Regulation FD disclosure · Financial statements and exhibits
- Current report23 Jul 2026Results of operations · Financial statements and exhibits
- Current report14 May 2026Departure or appointment of officers · Shareholder vote · Financial statements and exhibits
- Quarterly report01 May 2026
- Current report23 Apr 2026Results of operations · Financial statements and exhibits
- Current report21 Apr 2026Departure or appointment of officers · Financial statements and exhibits
- Proxy statement10 Apr 2026
Sources
- [1] Form 10-K, fiscal year ended 2025-12-31 · SEC / Robert Half Inc. · 13 Feb 2026
- [2] Form 10-Q, quarter ended 2026-06-30 · SEC / Robert Half Inc. · 04 Aug 2026
- [3] Form 8-K, results release (exhibit 99.1) · SEC / Robert Half Inc. · 22 Oct 2026
Figures computed by olivLaw from SEC filings and closing prices; the qualitative analysis is AI-generated from cited sources. Not investment advice.