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Kelly Services KELYA Education — Cost of Services

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$225.1M-5.5%

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Other financials

Income statement

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Revenue$1.0B-5.8%
Gross profit$212.0M-6.0%
Operating income$16.1M-27.5%
Net income$11.4M-40.0%
EPS (diluted)$0.31-40.4%

Balance sheet

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Cash & equivalents$28.0M+14.3%
Total debt$128.7M-3.9%
Total equity$982.0M-22.4%
Total assets$2.3B-9.2%

Cash flow

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Operating cash flow$49.2M-48.4%
CapEx$1.5M-25.0%
Free cash flow$47.7M-48.9%

Valuation

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Market cap$791.89M+11.5%
Enterprise value$892.59M+7.9%
P/S0.2×0.0×

Profitability

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Gross margin19.7%-0.9pp
Operating margin-2.3%-3.1pp
Net margin-6.7%-6.9pp
FCF margin1.6%

Returns & leverage

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Return on equity-24.3%-24.8pp
Debt / equity0.1×0.0×
Current ratio1.5×0.0×

Where this comes from

Reported directly by Kelly Services in its filing.

Tagged under the XBRL concept us-gaap:CostOfGoodsAndServicesSold.

The source filing: Kelly Services’s 10-Q, filed August 6, 2026.

Filed
Aug 6, 2026, 2:04 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q3 2026
Accession
0000055135-26-000161
Line itemETMSETEducationInter-SegmentTotal
Revenue from services$485.5$301.6$253.5$(2.4)$1,038.2
Cost of services(1)386.0225.1217.5(2.4)826.2
Gross profit99.576.536.0212.0
Direct salaries(2)59.941.014.9
Other segment expenses(3)28.817.310.4
SG&A expenses88.758.325.3172.3
Business unit profit$10.8$18.2$10.7$39.7
Corporate SG&A(11.8)

Item 1. Financial Statements (unaudited)

FAQ

What is Kelly Services's education — cost of services?
Kelly Services (KELYA) reported education — cost of services of $217.5M in Q2 2026.
How has Kelly Services's education — cost of services changed year-over-year?
Kelly Services's education — cost of services decreased by 3.8% year-over-year, from $226.2M to $217.5M.
What is the long-term trend for Kelly Services's education — cost of services?
Over 3 years (2022 to 2025), Kelly Services's education — cost of services has grown at a 17.2% compound annual growth rate (CAGR), from $535.9M to $863.7M.
What does education — cost of services mean?
Measures the direct costs associated with delivering staffing and consulting services within the Education segment, primarily consisting of wages and benefits for placed talent. This is a critical metric for evaluating the direct margin efficiency of the segment's service delivery model.

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