| Factor | Score | Distribution | Value | Avg | Rank |
|---|---|---|---|---|---|
Valuation | 42 | 32.8x | 17.8x | Around median | |
Growth | 9 | -4.9% | 7.1% | Bottom tier | |
Quality | 56 | -3.5% | 4.5% | Around median | |
Safety | 74 | — | 2.6x | Top tier | |
Capital Return | 72 | 6.26% | 2.12% | Top tier | |
Momentum | 76 | 8.0% | 2.9% | Top tier | |
Sentiment | 77 | 7 | 3 | Top tier |
Estimates — analyst targets and a simplified DCF, not investment advice.
Ten ratios that matter, each compared against its sector median and average — so you can see whether a number is rich or cheap relative to peers in the same sector.
Robert Half Inc. operates through two interconnected businesses: Talent Solutions, which provides specialized contract talent and permanent placement, and Protiviti, which provides technology, risk, compliance, and operational transformation consulting services. In Q2 FY2026, Talent Solutions generated revenue of $865 million, including $660 million in the United States and $205 million outside it, while Protiviti generated revenue of $471 million, including $373 million in the United States and $98 million outside it. The company benefits from combining specialized staffing and consulting, as Protiviti also uses contract professionals from Talent Solutions to execute certain projects.
Global Enterprise revenue was approximately $1.336 billion in Q2 FY2026, down 2% as reported and 3% on an adjusted basis from the prior-year period, but it exceeded the midpoint of the company’s guidance range. The company reported net income of $26.3 million and earnings per share of $0.26, compared with earnings per share of $0.41 in Q2 FY2025, while gross profit according to EDGAR filings was approximately $474 million. Talent Solutions generated a gross margin of 47.4% of applicable revenue, compared with 47.1% a year earlier, while Protiviti’s adjusted gross margin fell to 18.5% from 22.3%, partly affected by $7 million in severance costs.
Reported operating income was negative $62 million in Q2 FY2026, but adjusted operating income was positive $39 million, or 2.9% of revenue; Talent Solutions contributed $29 million at a margin of 3.3%, and Protiviti contributed $10 million at a margin of 2.1%. During the twelve-month period ending within FY2026, the company reported revenue of $5.3 billion, gross profit of $1.9 billion, net income of $114.8 million, and earnings per share of approximately $1.14, compared with revenue of $5.4 billion and net income of $133 million in FY2025.
Automated analysis for informational purposes only — not investment advice.
The analyst consensus on RHI is “Neutral,” with an average price target of $38, within a wide range of $29 to $47. The average target is below the upper end of the 52-week range of $46.70, while the highest target of $47 is close to that level; the breadth of the targets reflects a divide between the early recovery in Talent Solutions and regulatory pressure and weak margins at Protiviti. A price-to-earnings ratio is not available in the provided data, so the stock cannot be evaluated on an earnings-multiple basis without adding unsupported assumptions.
Figures in the text are as of 2026-08-31; the live price is shown at the top of the page.
Robert Half relies on Talent Solutions and Protiviti, which generated revenue of $865 million and $471 million, respectively, in Q2 FY2026. Within Talent Solutions, permanent placement returned to adjusted year-over-year growth of 2.5%, while the technology specialization in contract services grew by 2.3%. At Protiviti, technology consulting is driving demand through platform modernization projects, while risk and compliance services remain under pressure from the U.S. regulatory environment.
Talent Solutions recorded three consecutive quarters of adjusted sequential revenue growth through Q2 FY2026. Contract revenue declined 2% in June 2026 before the decline improved to 1% during the first two weeks of July 2026, while permanent placement rose 4% in June 2026 and in the first three weeks of July 2026. The midpoint of the company’s guidance assumes that Talent Solutions revenue will grow 3% on an adjusted year-over-year basis in Q3 FY2026.
Earnings per share were $0.26 in Q2 FY2026, compared with $0.41 in Q2 FY2025, while net income was $26.3 million. Protiviti incurred $7 million in severance costs, reducing earnings per share by $0.04 and its adjusted gross margin by 1.4 percentage points. The tax rate also increased to 35% from 33% because of lower tax credits and a greater impact from nondeductible expenses relative to lower pretax income.
Reduced enforcement activity and the easing of certain remediation requirements led to lower demand for large risk and compliance projects, and this practice represents slightly less than 20% of Protiviti’s revenue. Protiviti’s adjusted revenue declined 5% in Q2 FY2026, and the company expects a decline of between 4% and 8% in Q3 FY2026. In contrast, the company sees demand for improving the efficiency of legacy compliance programs, but these projects are shorter in duration and differ in staffing and leverage characteristics from traditional remediation projects.
Management stated on July 23, 2026 that artificial intelligence complements the work of the professionals provided by the company and does not replace it, with growing demand for candidates who combine domain expertise with fluency in using artificial intelligence. The spread of generative artificial intelligence among job seekers has also increased job applications and made candidate assessment more complex. The company believes its proprietary candidate data and the expertise of its staffing professionals help clients distinguish among applicants and verify the quality of their skills.
The company expects revenue between $1.31 billion and $1.41 billion and earnings per share between $0.43 and $0.53 in Q3 FY2026. The midpoint of the revenue range is $1.36 billion, which is flat on an adjusted year-over-year basis, with expected growth of 3% in Talent Solutions and a decline of 6% in Protiviti. It also expects an overall adjusted operating income margin between 4% and 6%, a tax rate between 33% and 35%, and capital expenditures and capitalized cloud computing costs between $10 million and $20 million during the quarter.
