Business Segments

3 Months Ended

Mar. 31, 2026

Segment Reporting [Abstract]

Business Segments

Business Segments

The Company has three reportable segments: contract talent solutions, permanent placement talent solutions and Protiviti. Operating segments are defined as components of the Company for which separate financial information is evaluated regularly by the chief operating decision maker (“CODM”), a position currently held by the Company’s Chief Executive Officer, in deciding how to allocate resources and assess performance. The contract talent solutions reportable segment results from the aggregation of three operating segments with similar economic and qualitative characteristics: finance and accounting, administrative and customer support, and technology. The contract talent solutions and permanent placement talent solutions segments provide specialized engagement professionals and full-time personnel, respectively, for finance and accounting, technology, marketing and creative, legal, and administrative and customer support roles. The Protiviti segment provides business and technology risk consulting and internal audit services.

The CODM uses segment income to evaluate performance and allocate resources to each segment. Segment income excludes interest income, income taxes and the impacts of the (income) loss from investments held in employee deferred compensation trusts, along with the related compensation costs and expenses. The CODM considers variances between actual results and expectations as well as historical trends for segment income when making decisions about allocating capital and personnel resources to each segment.

The accounting policies of the segments are set forth in Note A—“Summary of Significant Accounting Policies.”

The following tables provide a reconciliation of service revenues and segment income by reportable segment to consolidated results (in thousands):

	Three Months Ended March 31,
Contract Talent Solutions	2026		2025
Service revenues(1)	$	725,016	$	763,205
Segment costs of services(2)	443,263		466,272
Compensation expenses(3)	206,511		220,982
Other(4)	65,929		69,260
Segment selling, general and administrative expenses	272,440		290,242
Segment income	$	9,313	$	6,691

	Three Months Ended March 31,
Permanent Placement Talent Solutions	2026		2025
Service revenues(1)	$	109,004	$	112,091
Segment costs of services(2)	278		230
Compensation expenses(3)	85,924		88,900
Other(4)	16,746		19,337
Segment selling, general and administrative expenses	102,670		108,237
Segment income	$	6,056	$	3,624

	Three Months Ended March 31,
Protiviti	2026		2025
Service revenues(1)	$	466,159	$	476,611
Segment costs of services(2)	378,733		390,399
Compensation expenses(3)	24,503		25,043
Other(4)	49,608		52,773
Segment selling, general and administrative expenses	74,111		77,816
Segment income	$	13,315	$	8,396

	Three Months Ended March 31,
Combined Segment	2026		2025
Service revenues(1)	$	1,300,179	$	1,351,907
Costs of services(2)	822,274		856,901
Compensation expenses(3)	316,938		334,925
Other(4)	132,283		141,370
Selling, general and administrative expenses	449,221		476,295
Combined segment income	28,684		18,711
Interest income, net	(2,758)		(3,572)
Income before income taxes	$	31,442	$	22,283

(1)Service revenues presented above are shown net of eliminations of intersegment revenues. Intersegment revenues between the contract talent solutions segment and the Protiviti segment were $116.8 million and $117.9 million for the three months ended March 31, 2026 and 2025, respectively. Service revenues related to the intersegment activity are reflected in the Protiviti segment.

(2)Segment costs of services consist of direct payroll, payroll taxes and benefit costs, as well as reimbursable expenses. Direct costs related to the intersegment activity are reflected in the Protiviti segment, including the costs of candidate payroll, fringe benefits and incremental recruiter compensation. For further information on costs of services, see Note A—“Summary of Significant Accounting Policies.”

(3)Includes payroll and applicable taxes, employee incentive compensation and other employee costs that are not included in direct costs as noted above.

(4)Other selling, general and administrative expenses is comprised of advertising, as well as other allocated expenses including lease expense, depreciation, cloud computing service costs and overhead costs. These costs are allocated to the individual segments based on an internal allocation method.

The following table represents depreciation expense by segment (in thousands):

	Three Months Ended March 31,
	2026		2025
Depreciation expense
Contract talent solutions	$	5,965	$	6,498
Permanent placement talent solutions	2,022		2,099
Protiviti	4,298		4,409
	$	12,285	$	13,006