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Revenue Recognition
6 Months Ended
Jun. 30, 2025
Revenue from Contract with Customer [Abstract]  
Revenue Recognition

(3) Revenue Recognition

For client contracts where we recognize revenues over time, we recognize the amount that we have the right to invoice, which corresponds directly to the value provided to the client of our performance to date.

We do not disclose the amount of unsatisfied performance obligations for client contracts with an original expected length of one year or less and those client contracts for which we recognize revenues at the amount to which we have the right to invoice for services performed. We have other contracts with revenues expected to be recognized subsequent to June 30, 2025 related to remaining performance obligations, which are not material.

We record accounts receivable when our right to consideration becomes unconditional. Contract assets primarily relate to our rights to consideration for services provided that they are conditional on satisfaction of future performance obligations. We record contract liabilities (deferred revenue) when payments are made or due prior to the related performance obligations being satisfied. The current portion of our contract liabilities is included in accrued liabilities in our Consolidated Balance Sheets. We do not have any material contract assets or long-term contract liabilities.

Our deferred revenue was $34.2 as of June 30, 2025 and $30.3 as of December 31, 2024.

In the following table, revenue is disaggregated by service types for each of our reportable segments. See Note 2 to the Consolidated Financial Statements in our 2024 Annual Report on Form 10-K for descriptions of revenue service types.

 

 

Three Months Ended June 30,

 

 

 

2025

 

 

2024(a)

 

 

 

Staffing
and
Interim

 

 

Outcome-
Based
Solutions
and
Consulting

 

 

Permanent
Recruitment

 

 

Other

 

 

Total

 

 

Staffing
and
Interim

 

 

Outcome-
Based
Solutions
and
Consulting

 

 

Permanent
Recruitment

 

 

Other

 

 

Total

 

Americas:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

United States

 

$

599.6

 

 

$

3.1

 

 

$

26.3

 

 

$

45.1

 

 

$

674.1

 

 

$

626.8

 

 

$

2.8

 

 

$

26.6

 

 

$

40.8

 

 

$

697.0

 

Other Americas

 

 

356.8

 

 

 

16.4

 

 

 

9.6

 

 

 

3.1

 

 

 

385.9

 

 

 

339.3

 

 

 

12.5

 

 

 

12.3

 

 

 

3.3

 

 

 

367.4

 

 

 

956.4

 

 

 

19.5

 

 

 

35.9

 

 

 

48.2

 

 

 

1,060.0

 

 

 

966.1

 

 

 

15.3

 

 

 

38.9

 

 

 

44.1

 

 

 

1,064.4

 

Southern Europe:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

France

 

 

1,050.5

 

 

 

65.6

 

 

 

11.5

 

 

 

21.7

 

 

 

1,149.3

 

 

 

1,063.6

 

 

 

65.4

 

 

 

13.7

 

 

 

21.4

 

 

 

1,164.1

 

Italy

 

 

441.7

 

 

 

12.9

 

 

 

12.9

 

 

 

8.4

 

 

 

475.9

 

 

 

401.7

 

 

 

9.4

 

 

 

13.1

 

 

 

10.7

 

 

 

434.9

 

Other Southern Europe

 

 

422.0

 

 

 

77.2

 

 

 

14.3

 

 

 

10.6

 

 

 

524.1

 

 

 

400.2

 

 

 

78.9

 

 

 

12.8

 

 

 

7.1

 

 

 

499.0

 

 

 

1,914.2

 

 

 

155.7

 

 

 

38.7

 

 

 

40.7

 

 

 

2,149.3

 

 

 

1,865.5

 

 

 

153.7

 

 

 

39.6

 

 

 

39.2

 

 

 

2,098.0

 

Northern Europe

 

 

682.9

 

 

 

56.9

 

 

 

27.3

 

 

 

27.3

 

 

 

794.4

 

 

 

714.1

 

 

 

64.8

 

 

 

31.8

 

 

 

26.6

 

 

 

837.3

 

APME

 

 

437.5

 

 

 

64.2

 

 

 

13.7

 

 

 

9.9

 

 

 

525.3

 

 

 

431.6

 

 

 

84.6

 

 

 

14.8

 

 

 

10.4

 

 

 

541.4

 

 

 

3,991.0

 

 

 

296.3

 

 

 

115.6

 

 

 

126.1

 

 

 

4,529.0

 

 

 

3,977.3

 

 

 

318.4

 

 

 

125.1

 

 

 

120.3

 

 

 

4,541.1

 

Intercompany Eliminations

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(9.7

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(20.4

)

Total

 

 

 

 

 

 

 

 

 

 

 

 

 

$

4,519.3

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$

4,520.7

 

 

(a)
Effective January 1, 2025, our segment reporting was realigned to include our Morocco business within Other Southern Europe. Accordingly, France is now adjusted to exclude Morocco. All previously reported results have been recast to conform to the current year presentation.

 

 

 

Six Months Ended June 30,

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2025

 

 

2024(a)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Staffing
and
Interim

 

 

Outcome-
Based
Solutions
and
Consulting

 

 

Permanent
Recruitment

 

 

Other

 

 

Total

 

 

Staffing
and
Interim

 

 

Outcome-
Based
Solutions
and
Consulting

 

 

Permanent
Recruitment

 

 

Other

 

 

Total

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Americas:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

United States

 

$

1,215.7

 

 

$

5.4

 

 

$

55.6

 

 

$

86.2

 

 

$

1,362.9

 

 

$

1,231.2

 

 

$

5.8

 

 

$

57.2

 

 

$

83.2

 

 

$

1,377.4

 

Other Americas

 

 

699.0

 

 

 

31.2

 

 

 

17.9

 

 

 

5.7

 

 

 

753.8

 

 

 

669.9

 

 

 

23.6

 

 

 

24.1

 

 

 

5.8

 

 

 

723.4

 

 

 

1,914.7

 

 

 

36.6

 

 

 

73.5

 

 

 

91.9

 

 

 

2,116.7

 

 

 

1,901.1

 

 

 

29.4

 

 

 

81.3

 

 

 

89.0

 

 

 

2,100.8

 

Southern Europe:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

France

 

 

1,922.1

 

 

 

129.6

 

 

 

22.8

 

 

 

40.5

 

 

 

2,115.0

 

 

 

2,061.3

 

 

 

132.2

 

 

 

28.5

 

 

 

41.4

 

 

 

2,263.4

 

Italy

 

 

810.5

 

 

 

24.0

 

 

 

24.9

 

 

 

14.3

 

 

 

873.7

 

 

 

777.8

 

 

 

17.5

 

 

 

26.7

 

 

 

17.2

 

 

 

839.2

 

Other Southern Europe

 

 

793.4

 

 

 

153.3

 

 

 

28.0

 

 

 

19.9

 

 

 

994.6

 

 

 

777.9

 

 

 

157.9

 

 

 

26.6

 

 

 

14.3

 

 

 

976.7

 

 

 

3,526.0

 

 

 

306.9

 

 

 

75.7

 

 

 

74.7

 

 

 

3,983.3

 

 

 

3,617.0

 

 

 

307.6

 

 

 

81.8

 

 

 

72.9

 

 

 

4,079.3

 

Northern Europe

 

 

1,303.9

 

 

 

115.6

 

 

 

54.0

 

 

 

51.7

 

 

 

1,525.2

 

 

 

1,452.2

 

 

 

137.7

 

 

 

65.6

 

 

 

52.1

 

 

 

1,707.6

 

APME

 

 

833.5

 

 

 

124.7

 

 

 

25.0

 

 

 

18.5

 

 

 

1,001.7

 

 

 

857.8

 

 

 

170.7

 

 

 

27.4

 

 

 

20.6

 

 

 

1,076.5

 

 

 

7,578.1

 

 

 

583.8

 

 

 

228.2

 

 

 

236.8

 

 

 

8,626.9

 

 

 

7,828.1

 

 

 

645.4

 

 

 

256.1

 

 

 

234.6

 

 

 

8,964.2

 

Intercompany Eliminations

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(17.3

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(40.2

)

Total

 

 

 

 

 

 

 

 

 

 

 

 

 

$

8,609.6

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$

8,924.0

 

(a)
Effective January 1, 2025, our segment reporting was realigned to include our Morocco business within Other Southern Europe. Accordingly, France is now adjusted to exclude Morocco. All previously reported results have been recast to conform to the current year presentation.

In the following table, revenue is disaggregated by timing of revenue recognition for each of our reportable segments:

 

 

Three Months Ended June 30,

 

 

 

2025

 

 

2024(a)

 

 

 

Services
transferred
over time

 

 

Services
transferred
at a point
in time

 

 

Total

 

 

Services
transferred
over time

 

 

Services
transferred
at a point
in time

 

 

Total

 

Americas:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

United States

 

$

660.2

 

 

$

13.9

 

 

$

674.1

 

 

$

681.2

 

 

$

15.8

 

 

$

697.0

 

Other Americas

 

 

380.4

 

 

 

5.5

 

 

 

385.9

 

 

 

359.4

 

 

 

8.0

 

 

 

367.4

 

 

 

1,040.6

 

 

 

19.4

 

 

 

1,060.0

 

 

 

1,040.6

 

 

 

23.8

 

 

 

1,064.4

 

Southern Europe:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

France

 

 

1,139.1

 

 

 

10.2

 

 

 

1,149.3

 

 

 

1,151.8

 

 

 

12.3

 

 

 

1,164.1

 

Italy

 

 

463.9

 

 

 

12.0

 

 

 

475.9

 

 

 

422.8

 

 

 

12.1

 

 

 

434.9

 

Other Southern Europe

 

 

513.0

 

 

 

11.1

 

 

 

524.1

 

 

 

488.2

 

 

 

10.8

 

 

 

499.0

 

 

 

2,116.0

 

 

 

33.3

 

 

 

2,149.3

 

 

 

2,062.8

 

 

 

35.2

 

 

 

2,098.0

 

Northern Europe

 

 

773.8

 

 

 

20.6

 

 

 

794.4

 

 

 

812.0

 

 

 

25.3

 

 

 

837.3

 

APME

 

 

513.3

 

 

 

12.0

 

 

 

525.3

 

 

 

528.9

 

 

 

12.5

 

 

 

541.4

 

 

 

4,443.7

 

 

 

85.3

 

 

 

4,529.0

 

 

 

4,444.3

 

 

 

96.8

 

 

 

4,541.1

 

Intercompany Eliminations

 

 

 

 

 

 

 

 

(9.7

)

 

 

 

 

 

 

 

 

(20.4

)

Total

 

 

 

 

 

 

 

$

4,519.3

 

 

 

 

 

 

 

 

$

4,520.7

 

(a)
Effective January 1, 2025, our segment reporting was realigned to include our Morocco business within Other Southern Europe. Accordingly, France is now adjusted to exclude Morocco. All previously reported results have been recast to conform to the current year presentation.

 

 

 

Six Months Ended June 30,

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2025

 

 

2024(a)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Services
transferred
over time

 

 

Services
transferred
at a point
in time

 

 

Total

 

 

Services
transferred
over time

 

 

Services
transferred
at a point
in time

 

 

Total

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Americas:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

United States

 

$

1,333.8

 

 

$

29.1

 

 

$

1,362.9

 

 

$

1,343.9

 

 

$

33.5

 

 

$

1,377.4

 

Other Americas

 

 

744.2

 

 

 

9.6

 

 

 

753.8

 

 

 

707.5

 

 

 

15.9

 

 

 

723.4

 

 

 

2,078.0

 

 

 

38.7

 

 

 

2,116.7

 

 

 

2,051.4

 

 

 

49.4

 

 

 

2,100.8

 

Southern Europe:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

France

 

 

2,094.2

 

 

 

20.8

 

 

 

2,115.0

 

 

 

2,237.5

 

 

 

25.9

 

 

 

2,263.4

 

Italy

 

 

850.5

 

 

 

23.2

 

 

 

873.7

 

 

 

814.4

 

 

 

24.8

 

 

 

839.2

 

Other Southern Europe

 

 

972.7

 

 

 

21.9

 

 

 

994.6

 

 

 

954.3

 

 

 

22.4

 

 

 

976.7

 

 

 

3,917.4

 

 

 

65.9

 

 

 

3,983.3

 

 

 

4,006.2

 

 

 

73.1

 

 

 

4,079.3

 

Northern Europe

 

 

1,484.1

 

 

 

41.1

 

 

 

1,525.2

 

 

 

1,655.5

 

 

 

52.1

 

 

 

1,707.6

 

APME

 

 

980.1

 

 

 

21.6

 

 

 

1,001.7

 

 

 

1,053.4

 

 

 

23.1

 

 

 

1,076.5

 

 

 

8,459.6

 

 

 

167.3

 

 

 

8,626.9

 

 

 

8,766.5

 

 

 

197.7

 

 

 

8,964.2

 

Intercompany Eliminations

 

 

 

 

 

 

 

 

(17.3

)

 

 

 

 

 

 

 

 

(40.2

)

Total

 

 

 

 

 

 

 

$

8,609.6

 

 

 

 

 

 

 

 

$

8,924.0

 

(a)
Effective January 1, 2025, our segment reporting was realigned to include our Morocco business within Other Southern Europe. Accordingly, France is now adjusted to exclude Morocco. All previously reported results have been recast to conform to the current year presentation.