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Kelly Services KELYB Q2 2026 earnings

Reported August 6, 2026 · Before market open

Revenue$1.0BBeat by $31.3M
EPS$0.37Beat by $0.19
Revenue estimate$1.0B
EPS estimate$0.19
In the second quarter, we measurably exceeded our guidance for both revenue and adjusted EBITDA margin driven by growing momentum from our growth and efficiency initiatives as well as constructive demand trends in parts of our portfolio. We delivered sequential improvements in each of our businesses as we continued to capitalize on organic growth drivers. Notably, Kelly's adjusted EBITDA margin returned to 3.0% in the quarter, demonstrating our ability to generate operating leverage in pursuit of growth. Our progress strengthens our conviction in our strategy and reinforces our confidence in our expectation of further measurable improvement in our year-over-year performance as we progress through the second half of the year.
Chris Layden

Next report

Nov 5, 2026 (in 2 months)
Revenue estimate$925.9M
EPS estimate$0.07

Financials

Q2 2026

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 & ratios

Valuation

as of 09/17/26
See full
Market cap$770.7M+58.7%
Enterprise value$871.4M+46.5%
P/S0.2×+0.1×

Profitability

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

Returns & leverage

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

Segments

By geography

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Other$75.6M-12.3%
Total Asia-Pacific Region$16.5M-1.8%
Total Europe Region$13.4M+12.6%

By segment

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Science, Engineering & Technology$301.6M-6.1%
Education$253.5M-4.4%

FAQ

When did Kelly Services report Q2 2026 earnings?
Kelly Services (KELYB) reported Q2 2026 earnings on August 6, 2026 before market open.
What were Kelly Services's Q2 2026 revenue and EPS?
Kelly Services reported revenue of $1.0B and eps of $0.37 for Q2 2026.
Did Kelly Services beat estimates in Q2 2026?
Revenue beat the consensus estimate of $1.0B by $31.3M. EPS beat the consensus estimate of $0.18 by $0.18.
How did Kelly Services's Q2 2026 results compare year-over-year?
Compared to the same quarter a year prior, revenue declined 5.6% from $1.1B a year earlier and eps declined 31.5% from $0.54.
Where can I find Kelly Services's Q2 2026 SEC filings?
You can read the 8-K earnings release (0000055135-26-000160) and the 10-Q periodic report (0000055135-26-000161) directly on SEC EDGAR. The filing index links above go to sec.gov.