Earnings Releases·Nov 5, 2026, 7:41 AM ET

Kelly Services — Third Quarter 2026 Earnings Summary

Q3 2026 revenue declined 0.8% YoY to $0.9 billion but improved 500 bps sequentially, while underlying revenue grew 2.3% YoY; adjusted EBITDA rose 29.1% YoY to $21.3 million with a 2.3% margin.
Full-year 2026 revenue is projected to decline in the mid-single digits, with Q4 revenue expected flat to up 1% YoY and adjusted EBITDA margins forecast to expand to 3.8%–4.0% in Q4 and 2.6%–2.7% for the full year.
The Board declared a $0.075 quarterly dividend and authorized an indefinite share repurchase program up to $50.0 million, while long-term debt increased to $122.5 million and cash equivalents fell to $22.2 million.
Enterprise Talent Management underlying revenue grew 7.7% YoY, whereas the Education segment faced headwinds with a 6.4% revenue decline, and the company reported a $102.0 million non-cash goodwill impairment charge in the prior year period.