Robert Half International (RHI) financial statements
Robert Half International reported revenue of $5.4B in fiscal 2025, up 0.3% a year over 9 years.
Net income was $133M and the operating margin 1.4%, against 10.6% in 2016.
Free cash flow was $267M, and the company returned $238M in dividends and $92M in net buybacks.
The diluted share count fell 22% over the period (buybacks).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Robert Half International's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $5.3B | $5.3B | $5.8B | $6.1B | $5.1B | $6.5B | $7.2B | $6.4B | $5.8B | $5.4B |
| Cost of revenue | $3.1B | $3.1B | $3.4B | $3.5B | $3.1B | $3.8B | $4.1B | $3.8B | $3.5B | $3.4B |
| Gross profit | $2.2B | $2.2B | $2.4B | $2.5B | $2.0B | $2.7B | $3.1B | $2.6B | $2.2B | $2.0B |
| Selling, general and admin | $1.6B | $1.6B | $1.8B | $2.0B | $1.7B | $2.0B | $2.1B | $2.1B | $2.0B | $1.9B |
| Operating income | $554M | $517M | $589M | $622M | $422M | $806M | $891M | $465M | $241M | $76M |
| Pre-tax income | $554M | $518M | $592M | $626M | $422M | $804M | $897M | $577M | $358M | $194M |
| Income tax | $211M | $227M | $157M | $171M | $116M | $205M | $239M | $165M | $106M | $61M |
| Net income | $343M | $291M | $434M | $454M | $306M | $599M | $658M | $411M | $252M | $133M |
| EPS (diluted) | $2.67 | $2.33 | $3.57 | $3.90 | $2.70 | $5.36 | $6.03 | $3.88 | $2.44 | $1.33 |
| Diluted shares | 129M | 125M | 122M | 116M | 113M | 112M | 109M | 106M | 103M | 100M |
| Gross margin | 41.2% | 41.1% | 41.6% | 41.6% | 39.4% | 41.7% | 42.7% | 40.3% | 38.8% | 37.2% |
| Operating margin | 10.6% | 9.8% | 10.2% | 10.2% | 8.3% | 12.5% | 12.3% | 7.3% | 4.2% | 1.4% |
| Net margin | 6.5% | 5.5% | 7.5% | 7.5% | 6.0% | 9.3% | 9.1% | 6.4% | 4.3% | 2.5% |
Balance sheet
Fiscal years, from Robert Half International's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $260M | $295M | $277M | $270M | $574M | $619M | $659M | $732M | $538M | $464M |
| Receivables | $703M | $732M | $794M | $833M | $714M | $985M | $1.0B | $861M | $772M | $748M |
| Total current assets | $1.3B | $1.4B | $1.5B | $1.6B | $1.8B | $2.3B | $2.3B | $2.3B | $2.1B | $2.1B |
| Property, plant and equipment | $162M | $145M | $125M | $128M | $110M | $93M | $110M | $109M | $120M | $129M |
| Goodwill | $210M | $211M | $210M | $210M | $223M | $223M | $238M | $238M | $237M | $251M |
| Total assets | $1.8B | $1.9B | $1.9B | $2.3B | $2.6B | $3.0B | $3.0B | $3.0B | $2.9B | $2.9B |
| Total current liabilities | $680M | $748M | $820M | $941M | $1.0B | $1.4B | $1.2B | $1.2B | $1.3B | $1.4B |
| Long-term debt | $840,000 | $657,000 | $457,000 | $239,000 | $0 | — | — | — | — | — |
| Total liabilities | $691M | $762M | $840M | $1.2B | $1.4B | $1.6B | $1.4B | $1.4B | $1.5B | $1.6B |
| Shareholders' equity | $1.1B | $1.1B | $1.1B | $1.1B | $1.2B | $1.4B | $1.6B | $1.6B | $1.4B | $1.3B |
| Net debt | -$259M | -$294M | -$276M | -$270M | -$574M | -$619M | -$659M | -$732M | -$538M | -$464M |
Cash flow
Fiscal years, from Robert Half International's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $442M | $453M | $572M | $520M | $597M | $603M | $684M | $637M | $410M | $320M |
| Capital spending | $117M | $50M | $46M | $59M | $33M | $37M | $61M | $46M | $56M | $53M |
| Free cash flow | $325M | $403M | $527M | $460M | $563M | $567M | $623M | $591M | $354M | $267M |
| Dividends paid | $114M | $121M | $136M | $146M | $156M | $171M | $189M | $206M | $220M | $238M |
| Share buybacks (net) | -$176M | -$232M | -$354M | -$278M | -$159M | -$288M | -$320M | -$255M | -$276M | -$92M |
| Net borrowing | — | — | — | — | -$218,000 | -$239,000 | $0 | $0 | — | — |
| Free cash flow margin | 6.2% | 7.7% | 9.1% | 7.6% | 11.0% | 8.8% | 8.6% | 9.2% | 6.1% | 5.0% |
| Dividends per share | $0.89 | $0.97 | $1.12 | $1.25 | $1.38 | $1.53 | $1.73 | $1.94 | $2.14 | $2.37 |
Questions
What was Robert Half International's revenue in 2025?
$5.4B in fiscal 2025, from its 10-K filing.
How much free cash flow does Robert Half International generate?
$267M in fiscal 2025 (operating cash flow minus capital spending).
From Robert Half International's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.