Kelly Services A (KELYA) financial statements
Kelly Services A reported revenue of $4.3B in fiscal 2025, down 2.9% a year over 8 years.
Net income was -$254M.
Free cash flow was $114M, and the company returned $11M in dividends.
The diluted share count fell 9% over the period (buybacks).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Kelly Services A's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | — | $5.4B | $5.5B | $5.4B | $4.5B | $4.9B | $5.0B | $4.8B | $4.3B | $4.3B |
| Cost of revenue | $4.4B | $4.4B | $4.5B | $4.4B | $3.7B | $4.0B | $4.0B | $3.9B | $3.4B | $3.4B |
| Gross profit | $906M | $954M | $972M | $968M | $828M | $919M | $1.0B | $961M | $883M | $853M |
| Selling, general and admin | $843M | $871M | $885M | $883M | $806M | $871M | $944M | $935M | $818M | $826M |
| Operating income | $63M | $83M | $87M | $82M | -$94M | $49M | $15M | $24M | -$15M | -$70M |
| Interest expense | $4M | $3M | $3M | $4M | $3M | $2M | $2M | $3M | $11M | $12M |
| Pre-tax income | $150M | $82M | -$9M | $116M | -$107M | $186M | -$71M | $25M | -$22M | -$79M |
| Income tax | $30M | $13M | -$27M | $400,000 | -$34M | $35M | -$8M | -$12M | -$21M | $175M |
| Net income | $121M | $72M | $23M | $112M | -$72M | $156M | -$62M | $36M | -$600,000 | -$254M |
| EPS (diluted) | $3.08 | $1.81 | $0.58 | $2.84 | -$1.83 | $3.91 | -$1.64 | $0.98 | -$0.02 | -$7.24 |
| Diluted shares | 38M | 39M | 39M | 39M | 39M | 40M | 38M | 36M | 36M | 35M |
| Gross margin | — | 17.8% | 17.6% | 18.1% | 18.3% | 18.7% | 20.4% | 19.9% | 20.4% | 20.1% |
| Operating margin | — | 1.5% | 1.6% | 1.5% | -2.1% | 1.0% | 0.3% | 0.5% | -0.3% | -1.6% |
| Net margin | — | 1.3% | 0.4% | 2.1% | -1.6% | 3.2% | -1.3% | 0.8% | -0.0% | -6.0% |
Balance sheet
Fiscal years, from Kelly Services A's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $30M | $32M | $35M | $26M | $223M | $113M | $154M | $126M | $39M | $33M |
| Receivables | $1.1B | $1.3B | $1.3B | $1.3B | $1.3B | $1.4B | $1.5B | $1.2B | $1.3B | $1.2B |
| Total current assets | $1.2B | $1.4B | $1.4B | $1.4B | $1.5B | $1.6B | $1.7B | $1.6B | $1.4B | $1.3B |
| Property, plant and equipment | $81M | $86M | $86M | $43M | $41M | $35M | $28M | $25M | $26M | $20M |
| Goodwill | $88M | $107M | $107M | $128M | $4M | $115M | $151M | $151M | $304M | $202M |
| Total assets | $2.0B | $2.4B | $2.3B | $2.5B | $2.6B | $2.9B | $2.7B | $2.6B | $2.6B | $2.3B |
| Total current liabilities | $771M | $926M | $898M | $884M | $926M | $1.1B | $1.1B | $1.0B | $826M | $822M |
| Total liabilities | $1.0B | $1.2B | $1.2B | $1.2B | $1.4B | $1.6B | $1.4B | $1.3B | $1.4B | $1.3B |
| Shareholders' equity | $1.0B | $1.2B | $1.2B | $1.3B | $1.2B | $1.3B | $1.3B | $1.3B | $1.2B | $976M |
| Net debt | -$30M | -$32M | -$35M | -$26M | -$223M | -$113M | -$154M | -$126M | -$39M | -$33M |
Cash flow
Fiscal years, from Kelly Services A's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $40M | $71M | $61M | $102M | $186M | $85M | -$76M | $77M | $27M | $123M |
| Capital spending | $13M | $25M | $26M | $20M | $16M | $11M | $12M | $15M | $11M | $8M |
| Free cash flow | $27M | $46M | $36M | $82M | $170M | $74M | -$88M | $61M | $16M | $114M |
| Stock-based compensation | $10M | $9M | $8M | $6M | $4M | $5M | $8M | $10M | $12M | $12M |
| Dividends paid | $11M | $12M | $12M | $12M | $3M | $4M | $11M | $11M | $11M | $11M |
| Net borrowing | -$56M | $10M | -$8M | -$300,000 | -$2M | -$200,000 | $800,000 | -$700,000 | $239M | -$138M |
| Free cash flow margin | — | 0.9% | 0.6% | 1.5% | 3.8% | 1.5% | -1.8% | 1.3% | 0.4% | 2.7% |
| Dividends per share | $0.28 | $0.30 | $0.30 | $0.30 | $0.08 | $0.10 | $0.28 | $0.30 | $0.31 | $0.31 |
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Open KELYA in InvestinglyQuestions
What was Kelly Services A's revenue in 2025?
$4.3B in fiscal 2025, from its 10-K filing.
How much free cash flow does Kelly Services A generate?
$114M in fiscal 2025 (operating cash flow minus capital spending).
From Kelly Services A's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.