Certain information contained in Management’s Discussion and Analysis and in other parts of this report may be deemed forward-looking statements regarding events and financial trends that may affect the future operating results or financial positions of Robert Half Inc. (the “Company”). Forward-looking statements are not guarantees or promises that goals or targets will be met. These statements may be identified by words such as “anticipate,” “potential,” “estimate,” “forecast,” “target,” “project,” “plan,” “intend,” “believe,” “expect,” “should,” “could,” “would,” “may,” “might,” “will,” or variations or negatives thereof or by similar or comparable words or phrases. In addition, historical, current and forward-looking information about the Company’s corporate responsibility and compliance programs, including targets or goals, may not be considered material for the Securities and Exchange Commission (“SEC”) or other mandatory reporting purposes and may be based on standards for measuring progress that are still developing; on internal controls, diligence or processes that are evolving; on representations reviewed or provided by third parties; and on assumptions that are subject to change in the future. Forward-looking statements are estimates only and are based on management’s current expectations, currently available information and current strategy, plans or forecasts, and involve certain known and unknown risks, uncertainties and assumptions that are difficult to predict, often beyond the Company’s control and are inherently uncertain. Forward-looking statements are subject to risks and uncertainties that could cause actual results and outcomes, or the timing of these results or outcomes, to differ materially from those expressed or implied in the statements. These risks and uncertainties include, but are not limited to, the following: changes to or new interpretations of United States of America (“U.S.”) or international tax regulations; the global financial and economic situation; changes in levels of unemployment and other economic conditions in the U.S. or foreign countries where the Company does business, or in particular regions or industries; reduction in the supply of candidates for contract employment or the Company’s ability to attract candidates; the development, proliferation and adoption of artificial intelligence (“AI”) by the Company and the third parties it serves; the entry of new competitors into the marketplace or expansion by existing competitors; the ability of the Company to maintain existing client relationships and attract new clients in the context of changing economic or competitive conditions; the impact of competitive pressures, including any change in the demand for the Company’s services, or the Company’s ability to maintain its margins; the possibility of the Company incurring liability for its activities, including the activities of its engagement professionals, or for events impacting its engagement professionals on clients’ premises; the possibility that adverse publicity could impact the Company’s ability to attract and retain clients and candidates; the success of the Company in attracting, training and retaining qualified management personnel and other staff employees; the Company’s ability to comply with governmental regulations affecting personnel services businesses in particular or employer/employee relationships in general; whether there will be ongoing demand for Sarbanes-Oxley or other regulatory compliance services; the Company’s reliance on short-term contracts for a significant percentage of its business; litigation relating to prior or current transactions or activities, including litigation that may be disclosed from time to time in the Company’s SEC filings; the impact of extreme weather conditions on the Company and its candidates and clients; the ability of the Company to manage its international operations and comply with foreign laws and regulations; the impact of fluctuations in foreign currency exchange rates; the possibility that the additional costs the Company will incur as a result of health care or other reform legislation may adversely affect the Company’s profit margins or the demand for the Company’s services; the possibility that the Company’s computer and communications hardware and software systems could be damaged or their service interrupted or that the Company could experience a cybersecurity breach; and the possibility that the Company may fail to maintain adequate financial and management controls, and as a result suffer errors in its financial reporting. Additionally, with respect to Protiviti, other risks and uncertainties include the fact that future success will depend on its ability to retain employees and attract clients; there can be no assurance that there will be ongoing demand for broad-based consulting, regulatory compliance, technology services, public sector or other high-demand advisory services; failure to produce projected revenues could adversely affect financial results; and there is the possibility of involvement in litigation relating to prior or current transactions or activities. Because long-term contracts are not a significant part of the Company’s business, future results cannot be reliably predicted by considering past trends or extrapolating past results. Except as required by law, the Company undertakes no obligation to update information in this report, whether as a result of new information, future events, or otherwise, and notwithstanding any historical practice of doing so. Executive Overview The Company’s service revenues for the first half of 2026 were $2.64 billion, a decrease of 3.1% from the prior year. Net income was $40 million, and diluted net income per share was $0.40. Although the Company’s results were impacted by the ongoing macroeconomic uncertainty that affected client and candidate confidence, we believe market conditions are becoming increasingly conducive to our business. As confidence continues to improve, even modest increases in hiring activity can drive incremental demand for our services. 21 Protiviti is navigating continued shifts in the financial services regulatory enforcement environment in the U.S. This shift is influencing the nature of its work, with relatively fewer large-scale regulatory remediation engagements and increased demand for efficiency-oriented solutions, including the application of advanced technologies. Demand for the Company’s contract talent solutions, permanent placement talent solutions and Protiviti is largely dependent upon general economic and labor trends, both domestically and abroad. The U.S. real gross domestic product increased at an annual rate of 1.5% during the second quarter 2026, compared to an increase of 2.0% during the first quarter of 2026. The U.S. job market remains resilient with overall unemployment at 4.2%, as of June 30, 2026. Labor supply constraints remain. Particularly noteworthy is that the unemployment rate for college-educated professionals is holding steady at just 2.7%, with even lower rates prevailing among specialized accounting, finance and technology roles. Broader labor market indicators continue to point to underlying demand for skilled talent, and job openings continue to run above historical averages. While clients continue to approach hiring thoughtfully, the Company sees steady progress in client interactions and activity. These interactions suggest that clients remain resilient, although geopolitical and macroeconomic uncertainty persists, and inflation remains a concern including the potential effects of escalating tensions in the Middle East. Organizations continue to focus on initiatives that drive productivity, growth and long-term competitiveness which contributes to ongoing demand for the Company’s services. The Company continues to invest in technology and innovation, including AI. Major focus areas include providing a world-class digital experience for clients and candidates that is seamlessly connected to the Company’s specialized professional recruiters. Also, the Company will continue to leverage its proprietary data assets to enhance the AI tools its recruiters use to discover, assess and select talent for its clients, and the AI tools recruiters use to effectively target leads for additional revenue. Protiviti continues to invest in and deploy AI-enabled solutions by integrating AI into its existing offerings while aiming to enhance its own AI infrastructure. Artificial intelligence continues to complement – not replace – the work performed by the professionals the Company places. The Company is also seeing growing demand for candidates who combine deep domain expertise with AI fluency and the judgment required to apply these technologies effectively and responsibly, including verifying the accuracy of their outcomes. The rapid adoption of generative AI by job seekers has also changed the recruiting landscape, increasing application volumes and making candidate evaluation more complex. This underscores the importance of the Company's proprietary candidate insights, specialized recruiting expertise and proven ability to identify highly-skilled talent. The Company monitors various economic indicators and business trends in all of the countries in which it operates to anticipate demand for the Company’s services. These trends are evaluated to determine the appropriate level of investment, including personnel, which will best position the Company for success in the current and future global macroeconomic environment. The Company’s investments in headcount are typically structured to proactively support and align with expected revenue growth trends and productivity metrics. Visibility into future revenues is limited not only due to the dependence on macroeconomic and labor market conditions noted above, but also because of the relatively short duration of the Company’s client engagements. Accordingly, the Company’s headcount and other investments are typically assessed on at least a quarterly basis. During the first half of 2026, the Company’s headcount remained relatively flat for its contract talent solutions segment, as well as administrative headcount, when compared to prior year-end levels, while its permanent placement talent solutions segment and Protiviti headcount decreased. Critical Accounting Policies and Estimates The Company’s most critical accounting policies and estimates are those that involve subjective decisions or assessments and are included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2025. There were no material changes to the Company’s critical accounting policies or estimates for the six months ended June 30, 2026. Recent Accounting Pronouncements See Note B—“New Accounting Pronouncements” to the Company’s Condensed Consolidated Financial Statements included under Part I—Item 1 of this report. 22 Results of Operations The Company analyzes its operating results for three reportable segments: contract talent solutions, permanent placement talent solutions and Protiviti. The contract talent solutions and permanent placement talent solutions segments provide engagement professionals and full-time personnel, respectively, for finance and accounting, technology, marketing and creative, legal, administrative and customer support, and executive search. The Protiviti segment provides internal audit, risk, business and technology consulting solutions. Demand for the Company’s services is largely dependent upon global economic and labor trends. Because of the inherent difficulty in predicting economic trends, future demand for the Company’s services cannot be forecast with certainty. The Company’s talent solutions segments conduct operations through offices in the U.S. and 18 other countries, while Protiviti has offices in the U.S. and 13 other countries. 23 Non-GAAP Financial Measures The financial results of the Company are prepared in conformity with accounting principles generally accepted in the U.S. (“GAAP”) and the rules of the SEC. To help readers understand the Company’s financial performance, the Company supplements its GAAP financial results with the following non-GAAP measures: adjusted gross margin; adjusted selling, general and administrative expenses; adjusted operating income; and adjusted revenue growth rates. The following measures: adjusted gross margin, adjusted selling, general and administrative expenses, and adjusted operating income, include gains and losses on investments held to fund the Company’s obligations under employee deferred compensation plans. The Company provides these measures because they are used by management to review its operational results. Adjusted revenue growth rates represent year-over-year revenue growth rates after removing the impacts on reported revenues from the changes in the number of billing days and foreign currency exchange rates. The Company provides this data because it focuses on the Company’s revenue growth rates attributable to operating activities and aids in evaluating revenue trends over time. The impacts from the changes in billing days and foreign currency exchange rates are calculated as follows: •Billing days impact is calculated by dividing each comparative period’s reported revenues by the number of billing days for that period to arrive at a per billing day amount. Same billing day growth rates are then calculated based on the per billing day amounts. Management calculates a global, weighted-average number of billing days for each reporting period based upon inputs from all countries and all functional specializations and segments. •Foreign currency impact is calculated by retranslating current period international revenues using foreign currency exchange rates from the prior year’s comparable period. The non-GAAP financial measures provided herein may not provide information that is directly comparable to that provided by other companies in the Company’s industry, as other companies may calculate such financial results differently. The Company’s non-GAAP financial measures are not measurements of financial performance under GAAP and should not be considered as alternatives to amounts presented in accordance with GAAP. The Company does not consider these non-GAAP financial measures to be a substitute for, or superior to, the information provided by GAAP financial results. A reconciliation of the non-GAAP financial measures to the most directly comparable GAAP financial measures is provided on the following pages. Refer to Item 3. “Quantitative and Qualitative Disclosures About Market Risk” of this report for further discussion of the impact of foreign currency exchange rates on the Company’s results of operations and financial condition. Three Months Ended June 30, 2026 and 2025 Service Revenues. The Company’s revenues were $1.34 billion for the three months ended June 30, 2026, a decrease of 2.4% compared to $1.37 billion for the three months ended June 30, 2025. Revenues from U.S. operations decreased 2.9% to $1.03 billion (77.3% of total revenue) for the three months ended June 30, 2026, compared to $1.06 billion (77.7% of total revenue) for the three months ended June 30, 2025. Revenues from international operations decreased 1.0% to $303 million (22.7% of total revenue) for the three months ended June 30, 2026, compared to $306 million (22.3% of total revenue) for the three months ended June 30, 2025. Contributing factors for each reportable segment are discussed below in further detail. Contract talent solutions revenues were $747 million for the three months ended June 30, 2026, decreasing by 1.6% compared to revenues of $760 million for the three months ended June 30, 2025. Key drivers of contract talent solutions revenues include average hourly bill rates and the number of hours worked by the Company’s engagement professionals on client engagements. The decrease in contract talent solutions revenues for the three months ended June 30, 2026, was primarily due to a 2.8% decrease in the number of hours worked by the Company’s engagement professionals, offset by a 1.2% increase in average bill rates. On an adjusted basis, contract talent solutions revenues decreased 2.1% for the second quarter of 2026 compared to the second quarter of 2025. In the U.S., revenues in the second quarter of 2026 decreased 2.1% on a reported basis, and decreased 1.8% on an adjusted basis, compared to the second quarter of 2025. International revenues for the second quarter of 2026 decreased 0.1% on a reported basis, and decreased 3.5% on an adjusted basis, compared to the second quarter of 2025. 24 Permanent placement talent solutions revenues were $118 million for the three months ended June 30, 2026, increasing by 2.9% compared to revenues of $115 million for the three months ended June 30, 2025. Key drivers of permanent placement talent solutions revenues consist of the number of candidate placements and average fees earned per placement. The increase in permanent placement talent solutions revenues for the three months ended June 30, 2026, was due to a 5.5% increase in average fees earned per placement, partially offset by a 2.6% decrease in the number of placements. On an adjusted basis, permanent placement talent solutions revenues increased 2.5% for the second quarter of 2026 compared to the second quarter of 2025. In the U.S., revenues for the second quarter of 2026 increased 6.0% on a reported basis, and increased 6.3% on an adjusted basis, compared to the second quarter of 2025. International revenues for the second quarter of 2026 decreased 4.8% on a reported basis, and decreased 7.1% on an adjusted basis, compared to the second quarter of 2025. Historically, demand for permanent placement talent solutions is even more sensitive to economic and labor market conditions than demand for contract talent solutions, and this is expected to continue. Protiviti revenues were $471 million for the three months ended June 30, 2026, decreasing by 4.9% compared to revenues of $495 million for the three months ended June 30, 2025. Key drivers of Protiviti revenues are the billable hours worked on client engagements and average hourly bill rates. The decrease in Protiviti revenues for the three months ended June 30, 2026, was due to a 19.9% decrease in billable hours, partially offset by a 15.0% increase in average hourly bill rates. The increase in average bill rate largely reflects changes in the composition and number of professional staff, as well as differences in their respective billing rates. As engagements shift from large, highly leveraged projects to smaller engagements with less leverage, average bill rates increase. On an adjusted basis, Protiviti revenues decreased 5.0% for the second quarter of 2026 compared to the second quarter of 2025. In the U.S., revenues in the second quarter of 2026 decreased 5.8% on a reported basis, and decreased 5.5% on an adjusted basis, compared to the second quarter of 2025. International revenues for the second quarter of 2026 decreased 1.2% on a reported basis, and decreased 3.1% on an adjusted basis, compared to the second quarter of 2025. A reconciliation of the non-GAAP year-over-year revenue growth rates to the as reported year-over-year revenue growth rates for the three months ended June 30, 2026, is presented in the following table: Global United States International Contract talent solutions As Reported -1.6 % -2.1 % -0.1 % Billing Days Impact 0.2 % 0.3 % -0.5 % Currency Impact -0.7 % ― -2.9 % As Adjusted -2.1 % -1.8 % -3.5 % Permanent placement talent solutions As Reported 2.9 % 6.0 % -4.8 % Billing Days Impact 0.1 % 0.3 % -0.4 % Currency Impact -0.5 % ― -1.9 % As Adjusted 2.5 % 6.3 % -7.1 % Protiviti As Reported -4.9 % -5.8 % -1.2 % Billing Days Impact 0.2 % 0.3 % -0.5 % Currency Impact -0.3 % ― -1.4 % As Adjusted -5.0 % -5.5 % -3.1 % Gross Margin. The Company’s gross margin dollars were $474 million for the three months ended June 30, 2026, decreasing 7.0% from $509 million for the three months ended June 30, 2025. Contributing factors for each reportable segment are discussed below in further detail. Gross margin dollars for contract talent solutions represent revenues less costs of services, which consist of payroll, payroll taxes and benefit costs for engagement professionals, and reimbursable expenses. The key drivers of gross margin are: i) pay-bill spreads, which represent the differential between wages paid to engagement professionals and amounts billed to clients; ii) fringe costs, which are primarily composed of payroll taxes and benefit costs; and iii) conversion revenues, which are earned when a contract position converts to a permanent position with the Company’s client. Gross margin dollars for contract talent solutions were $292 million for the three months ended June 30, 2026, decreasing by 1.7% from $297 million for the three months ended June 30, 2025. As a percentage of revenues, gross margin dollars for contract talent solutions were 39.1% in both the second quarter of 2026 and 2025. 25 Gross margin dollars for permanent placement talent solutions represent revenues less reimbursable expenses. Gross margin dollars for permanent placement talent solutions were $118 million for the three months ended June 30, 2026, increasing 2.9% from $115 million for the three months ended June 30, 2025. Because reimbursable expenses for permanent placement talent solutions are de minimis, the increase in gross margin dollars is substantially explained by the increase in revenues previously discussed. Gross margin dollars for Protiviti represent revenues less costs of services, which consist primarily of professional staff payroll, payroll taxes, benefit costs and reimbursable expenses. The primary drivers of Protiviti’s gross margin are: i) the relative composition of and number of professional staff and their respective pay and bill rates; and ii) staff utilization, which is the relationship of time spent on client engagements in proportion to the total time available for the Company’s Protiviti staff. Gross margin dollars for Protiviti were $64 million for the three months ended June 30, 2026, decreasing 34.6% from $97 million for the three months ended June 30, 2025. As a percentage of revenues, reported gross margin dollars for Protiviti were 13.5% in the second quarter of 2026, down from 19.7% in the second quarter of 2025. As a percentage of revenues, adjusted gross margin dollars for Protiviti were 18.5% in the second quarter of 2026, down from 22.3% in the second quarter of 2025. The year-over-year decrease in adjusted gross margin percentage was primarily due to cost reduction charges incurred in the quarter, as well as the relative composition of and number of professional staff and their respective pay and bill rates. The Company’s gross margin by reporting segment is summarized as follows (in thousands): Three Months Ended June 30, Relationships As Reported As Adjusted As Reported As Adjusted 2026 2025 2026 2025 2026 2025 2026 2025 Gross Margin Contract talent solutions $ 292,422 $ 297,367 $ 292,422 $ 297,367 39.1 % 39.1 % 39.1 % 39.1 % Permanent placement talent solutions 117,823 114,551 117,823 114,551 99.9 % 99.9 % 99.9 % 99.9 % Protiviti 63,782 97,556 87,170 110,357 13.5 % 19.7 % 18.5 % 22.3 % Total $ 474,027 $ 509,474 $ 497,415 $ 522,275 35.5 % 37.2 % 37.2 % 38.1 % The following tables provide reconciliations of the non-GAAP adjusted gross margin to reported gross margin for the three months ended June 30, 2026 and 2025 (in thousands): Three Months Ended June 30, 2026 Contract Talent Solutions Permanent Placement Talent Solutions Protiviti Total $ % of Revenue $ % of Revenue $ % of Revenue $ % of Revenue Gross Margin As Reported $ 292,422 39.1 % $ 117,823 99.9 % $ 63,782 13.5 % $ 474,027 35.5 % Adjustments (1) — — — — 23,388 5.0 % 23,388 1.7 % As Adjusted $ 292,422 39.1 % $ 117,823 99.9 % $ 87,170 18.5 % $ 497,415 37.2 % Three Months Ended June 30, 2025 Contract Talent Solutions Permanent Placement Talent Solutions Protiviti Total $ % of Revenue $ % of Revenue $ % of Revenue $ % of Revenue Gross Margin As Reported $ 297,367 39.1 % $ 114,551 99.9 % $ 97,556 19.7 % $ 509,474 37.2 % Adjustments (1) — — — — 12,801 2.6 % 12,801 0.9 % As Adjusted $ 297,367 39.1 % $ 114,551 99.9 % $ 110,357 22.3 % $ 522,275 38.1 % (1)Changes in the Company’s deferred compensation obligations related to Protiviti operations are included in costs of services, while the related investment (income) loss is presented separately. The non-GAAP financial adjustments shown in the table above are to reclassify investment (income) loss from investments held in employee deferred compensation trusts to the same line item that includes the corresponding change in obligation. These adjustments have no impact on income before income taxes. 26 Selling, General and Administrative Expenses. The Company’s selling, general and administrative expenses consist primarily of staff compensation, advertising, lease expense, depreciation, cloud computing service costs and overhead costs. The Company’s reported selling, general and administrative expenses were $536 million for the three months ended June 30, 2026, increasing by 5.6% from $508 million for the three months ended June 30, 2025. As a percentage of revenues, reported selling, general and administrative expenses were 40.1% in the second quarter of 2026, up from 37.1% in the second quarter of 2025. The Company’s adjusted selling, general and administrative expenses were $459 million for the three months ended June 30, 2026, down 0.9% from $463 million for the three months ended June 30, 2025. As a percentage of revenues, adjusted selling, general and administrative expenses were 34.3% in the second quarter of 2026, up from 33.8% in the second quarter of 2025. Contributing factors for each reportable segment are discussed below in further detail. Selling, general and administrative expenses for contract talent solutions, on a reported basis, were $343 million for the three months ended June 30, 2026, increasing by 7.6% from $319 million for the three months ended June 30, 2025. As a percentage of revenues, reported selling, general and administrative expenses for contract talent solutions were 45.9% in the second quarter of 2026, up from 42.0% in the second quarter of 2025. As a percentage of revenues, adjusted selling, general and administrative expenses for contract talent solutions were 36.7% in both the second quarter of 2026 and 2025. Selling, general and administrative expenses for permanent placement talent solutions were $116 million for the three months ended June 30, 2026, increasing by 4.3% from $111 million for the three months ended June 30, 2025. As a percentage of revenues, reported selling, general and administrative expenses for permanent placement talent solutions services were 98.3% in the second quarter of 2026, up from 97.0% in the second quarter of 2025. As a percentage of revenues, adjusted selling, general and administrative expenses for permanent placement talent solutions were 90.6% in the second quarter of 2026, down from 92.7% in the second quarter of 2025, due primarily to positive leverage as revenues increased. Selling, general and administrative expenses for Protiviti were $77 million for the three months ended June 30, 2026, decreasing by 0.7% from $78 million for the three months ended June 30, 2025. As a percentage of revenues, selling, general and administrative expenses for Protiviti services were 16.4% in the second quarter of 2026, up from 15.7% in the second quarter of 2025, due primarily to negative leverage as revenues decreased. The Company’s selling, general and administrative expenses by reportable segment are summarized as follows (in thousands): Three Months Ended June 30, Relationships As Reported As Adjusted As Reported As Adjusted 2026 2025 2026 2025 2026 2025 2026 2025 Selling, General and Administrative Expenses Contract talent solutions $ 343,038 $ 318,871 $ 274,618 $ 278,944 45.9 % 42.0 % 36.7 % 36.7 % Permanent placement talent solutions 115,999 111,218 106,929 106,292 98.3 % 97.0 % 90.6 % 92.7 % Protiviti 77,289 77,845 77,289 77,845 16.4 % 15.7 % 16.4 % 15.7 % Total $ 536,326 $ 507,934 $ 458,836 $ 463,081 40.1 % 37.1 % 34.3 % 33.8 % The following tables provide reconciliations of the non-GAAP selling, general and administrative expenses to reported selling, general and administrative expenses for the three months ended June 30, 2026 and 2025 (in thousands): Three Months Ended June 30, 2026 Contract Talent Solutions Permanent Placement Talent Solutions Protiviti Total $ % of Revenue $ % of Revenue $ % of Revenue $ % of Revenue Selling, General and Administrative Expenses As Reported $ 343,038 45.9 % $ 115,999 98.3 % $ 77,289 16.4 % $ 536,326 40.1 % Adjustments (1) (68,420) (9.2 %) (9,070) (7.7 %) — — (77,490) (5.8 %) As Adjusted $ 274,618 36.7 % $ 106,929 90.6 % $ 77,289 16.4 % $ 458,836 34.3 % 27 Three Months Ended June 30, 2025 Contract Talent Solutions Permanent Placement Talent Solutions Protiviti Total $ % of Revenue $ % of Revenue $ % of Revenue $ % of Revenue Selling, General and Administrative Expenses As Reported $ 318,871 42.0 % $ 111,218 97.0 % $ 77,845 15.7 % $ 507,934 37.1 % Adjustments (1) (39,927) (5.3 %) (4,926) (4.3 %) — — (44,853) (3.3 %) As Adjusted $ 278,944 36.7 % $ 106,292 92.7 % $ 77,845 15.7 % $ 463,081 33.8 % (1)Changes in the Company’s employee deferred compensation plan obligations related to talent solutions operations are included in selling, general and administrative expenses, while the related investment (income) loss is presented separately. The non-GAAP financial adjustments shown in the table above are to reclassify investment (income) loss from investments held in employee deferred compensation trusts to the same line item that includes the corresponding change in obligation. These adjustments have no impact on income before income taxes. Operating (Loss) Income. The Company’s operating (loss) income consists of gross margin less selling, general and administrative expenses. The Company’s reported operating loss was $62 million for the three months ended June 30, 2026, compared to operating income of $2 million for the three months ended June 30, 2025. As a percentage of revenues, reported operating (loss) income was (4.7)% in the second quarter of 2026, down from 0.1% in the second quarter of 2025. The Company’s adjusted operating income was $39 million for the three months ended June 30, 2026, down 34.8% from $59 million for the three months ended June 30, 2025. As a percentage of revenues, adjusted operating income was 2.9% in the second quarter of 2026, down from 4.3% in the second quarter of 2025. Since operating (loss) income is defined as gross margin less selling, general and administrative expenses, the year over year change is explained by factors previously discussed. The Company’s operating (loss) income by reporting segment is summarized as follows (in thousands): Three Months Ended June 30, Relationships As Reported As Adjusted As Reported As Adjusted 2026 2025 2026 2025 2026 2025 2026 2025 Operating (loss) income Contract talent solutions $ (50,616) $ (21,504) $ 17,804 $ 18,423 (6.8 %) (2.8 %) 2.4 % 2.4 % Permanent placement talent solutions 1,824 3,333 10,894 8,259 1.5 % 2.9 % 9.2 % 7.2 % Protiviti (13,507) 19,711 9,881 32,512 (2.9 %) 4.0 % 2.1 % 6.6 % Total $ (62,299) $ 1,540 $ 38,579 $ 59,194 (4.7 %) 0.1 % 2.9 % 4.3 % The following tables provide reconciliations of the non-GAAP adjusted operating income to reported operating (loss) income for the three months ended June 30, 2026 and 2025: Three Months Ended June 30, 2026 Contract talent solutions Permanent placement talent solutions Protiviti Total $ % of Revenue $ % of Revenue $ % of Revenue $ % of Revenue Operating (loss) income As Reported $ (50,616) (6.8 %) $ 1,824 1.5 % $ (13,507) (2.9 %) $ (62,299) (4.7 %) Adjustments (1) 68,420 9.2 % 9,070 7.7 % 23,388 5.0 % 100,878 7.6 % As Adjusted $ 17,804 2.4 % $ 10,894 9.2 % $ 9,881 2.1 % $ 38,579 2.9 % 28 Three Months Ended June 30, 2025 Contract talent solutions Permanent placement talent solutions Protiviti Total $ % of Revenue $ % of Revenue $ % of Revenue $ % of Revenue Operating (loss) income As Reported $ (21,504) (2.8 %) $ 3,333 2.9 % $ 19,711 4.0 % $ 1,540 0.1 % Adjustments (1) 39,927 5.2 % 4,926 4.3 % 12,801 2.6 % 57,654 4.2 % As Adjusted $ 18,423 2.4 % $ 8,259 7.2 % $ 32,512 6.6 % $ 59,194 4.3 % (1)Changes in the Company’s employee deferred compensation plan obligations are included in operating (loss) income. The non-GAAP financial adjustments shown in the table above are to reclassify investment (income) loss from investments held in employee deferred compensation trusts to the same line item that includes the corresponding change in obligation. These adjustments have no impact on income before income taxes. (Income) Loss from Investments Held in Employee Deferred Compensation Trusts. Under the Company’s employee deferred compensation plans, employees direct the investment of their account balances and the Company invests amounts held in the associated investment trusts consistent with these directions. As realized and unrealized investment gains and losses occur, the Company’s employee deferred compensation plan obligations change and adjustments are recorded in selling, general and administrative expenses, or in the case of Protiviti, costs of services. The value of the related investment trust assets also changes by the equal and offsetting amount, leaving no net costs to the Company, and therefore no effect on reported net income. The Company’s (income) loss from investments held in employee deferred compensation trusts consists primarily of unrealized and realized gains and losses and dividend income from trust investments and is presented separately on the unaudited Condensed Consolidated Statements of Operations. The Company’s income from investments held in employee deferred compensation trusts was $101 million and $58 million for the three months ended June 30, 2026 and 2025, respectively. The income from trust investments during the second quarter of 2026 was due to positive market returns. Provision for income taxes. The provision for income taxes was 35.2% and 33.3% for the three months ended June 30, 2026 and 2025, respectively. The higher tax rate for 2026 can be primarily attributed to lower tax credits and the increased impact of nondeductible expenses relative to lower pre-tax income. Six Months Ended June 30, 2026 and 2025 Service Revenues. The Company’s revenues were $2.64 billion for the six months ended June 30, 2026, a decrease of 3.1% compared to $2.72 billion for the six months ended June 30, 2025. Revenues from U.S. operations decreased 5.0% to $2.02 billion (76.7% of total revenue) for the six months ended June 30, 2026, compared to $2.13 billion (78.2% of total revenue) for the six months ended June 30, 2025. Revenues from international operations increased 3.4% to $615 million (23.3% of total revenue) for the six months ended June 30, 2026, compared to $594 million (21.8% of total revenue) for the six months ended June 30, 2025. Contributing factors for each reportable segment are discussed below in further detail. Contract talent solutions revenues were $1.47 billion for the six months ended June 30, 2026, decreasing by 3.3% compared to revenues of $1.52 billion for the six months ended June 30, 2025. Key drivers of contract talent solutions revenues include average hourly bill rates and the number of hours worked by the Company’s engagement professionals on client engagements. The decrease in contract talent solutions revenues for the six months ended June 30, 2026, was primarily due to a 5.0% decrease in the number of hours worked by the Company’s engagement professionals, partially offset by a 1.8% increase in average bill rates. On an adjusted basis, contract talent solutions revenues in the first half of 2026 decreased 4.5% compared to the first half of 2025. In the U.S., revenues in the first half of 2026 decreased 4.9% on a reported basis, and decreased 4.7% on an adjusted basis, compared to the first half of 2025. International revenues for the first half of 2026 increased 2.1% on a reported basis, and decreased 3.5% on an adjusted basis, compared to the first half of 2025. Permanent placement talent solutions revenues were $227 million for the six months ended June 30, 2026, flat compared to revenues of $227 million for the six months ended June 30, 2025. Key drivers of permanent placement talent solutions revenues consist of the number of candidate placements and average fees earned per placement. Permanent placement talent solutions revenues for the six months ended June 30, 2026, were impacted by a 5.1% increase in average fees earned per placement, partially offset by a 5.0% decrease in the number of placements. On an adjusted basis, permanent placement talent solutions revenues decreased 1.1% for the first half of 2026 compared to the first half of 2025. In the U.S., revenues for the first half of 2026 were flat on a reported basis, and increased 0.3% on an adjusted basis, compared to the first half of 2025. International revenues for the first half of 2026 increased 0.2% on a reported basis, and decreased 4.1% on an adjusted basis, 29 compared to the first half of 2025. Historically, demand for permanent placement talent solutions is even more sensitive to economic and labor market conditions than demand for contract talent solutions and this is expected to continue. Protiviti revenues were $937 million for the six months ended June 30, 2026, decreasing by 3.6% compared to revenues of $972 million for the six months ended June 30, 2025. Key drivers of Protiviti revenues are the billable hours worked on client engagements and average hourly bill rates. The decrease in Protiviti revenues for the six months ended June 30, 2026, was due to a 12.9% decrease in billable hours, partially offset by a 9.3% increase in average hourly bill rates. The increase in average bill rate largely reflects changes in the composition and number of professional staff, as well as differences in their respective billing rates. As engagements shift from large, highly leveraged projects to smaller engagements with less leverage, average bill rates increase. On an adjusted basis, Protiviti revenues decreased 4.4% for the first half of 2026 compared to the first half of 2025. In the U.S., revenues in the first half of 2026 decreased 6.1% on a reported basis, and decreased 5.9% on an adjusted basis, compared to the first half of 2025. International revenues in the first half of 2026 increased 7.0% on a reported basis, and increased 2.2% on an adjusted basis, compared to the first half of 2025. A reconciliation of the non-GAAP year-over-year revenue growth rates to the as reported year-over-year revenue growth rates for the six months ended June 30, 2026, is presented in the following table: Global United States International Contract talent solutions As Reported -3.3 % -4.9 % 2.1 % Billing Days Impact 0.1 % 0.2 % 0.0 % Currency Impact -1.3 % ― -5.6 % As Adjusted -4.5 % -4.7 % -3.5 % Permanent placement talent solutions As Reported 0.1 % 0.0 % 0.2 % Billing Days Impact 0.0 % 0.3 % 0.1 % Currency Impact -1.2 % ― -4.4 % As Adjusted -1.1 % 0.3 % -4.1 % Protiviti As Reported -3.6 % -6.1 % 7.0 % Billing Days Impact 0.1 % 0.2 % 0.0 % Currency Impact -0.9 % ― -4.8 % As Adjusted -4.4 % -5.9 % 2.2 % Gross Margin. The Company’s gross margin dollars were $954 million for the six months ended June 30, 2026, down 5.4% from $1.01 billion for the six months ended June 30, 2025. Contributing factors for each reportable segment are discussed below in further detail. Gross margin dollars for contract talent solutions represent revenues less costs of services, which consist of payroll, payroll taxes and benefit costs for engagement professionals, and reimbursable expenses. The key drivers of gross margin are: i) pay-bill spreads, which represent the differential between wages paid to engagement professionals and amounts billed to clients; ii) fringe costs, which are primarily composed of payroll taxes and benefit costs; and iii) conversion revenues, which are earned when a contract position converts to a permanent position with the Company’s client. Gross margin dollars for contract talent solutions were $574 million for the six months ended June 30, 2026, down 3.4% from $594 million for the six months ended June 30, 2025. As a percentage of revenues, gross margin dollars for contract talent solutions were 39.0% in the first half of both 2026 and 2025. Gross margin dollars for permanent placement talent solutions represent revenues less reimbursable expenses. Gross margin dollars for permanent placement talent solutions were $227 million for the six months ended June 30, 2026, flat compared to $227 million for the six months ended June 30, 2025. 30 Gross margin dollars for Protiviti represent revenues less costs of services, which consist primarily of professional staff payroll, payroll taxes, benefit costs and reimbursable expenses. The primary drivers of Protiviti’s gross margin are: i) the relative composition of and number of professional staff and their respective pay and bill rates; and ii) staff utilization, which is the relationship of time spent on client engagements in proportion to the total time available for the Company’s Protiviti staff. Gross margin dollars for Protiviti were $153 million for the six months ended June 30, 2026, down 18.4% from $188 million for the six months ended June 30, 2025. As a percentage of revenues, reported gross margin dollars for Protiviti were 16.3% in the first half of 2026, down from 19.3% in the first half of 2025. As a percentage of revenues, adjusted gross margin dollars for Protiviti were 18.6% in the first half of 2026, down from 20.2% in the first half of 2025. The year-over-year decrease in adjusted gross margin percentage was primarily due to the relative composition of and number of professional staff and their respective pay and bill rates as well as cost reduction charges incurred in the period. The Company’s gross margin by reportable segment are summarized as follows: (in thousands): Six Months Ended June 30, Relationships As Reported As Adjusted As Reported As Adjusted 2026 2025 2026 2025 2026 2025 2026 2025 Gross Margin Contract talent solutions $ 574,175 $ 594,300 $ 574,175 $ 594,300 39.0 % 39.0 % 39.0 % 39.0 % Permanent placement talent solutions 226,549 226,412 226,549 226,412 99.8 % 99.8 % 99.8 % 99.8 % Protiviti 153,212 187,807 174,596 196,569 16.3 % 19.3 % 18.6 % 20.2 % Total $ 953,936 $ 1,008,519 $ 975,320 $ 1,017,281 36.2 % 37.1 % 37.0 % 37.4 % The following tables provide reconciliations of the non-GAAP adjusted gross margin to reported gross margin for the six months ended June 30, 2026 and 2025 (in thousands): Six Months Ended June 30, 2026 Contract Talent Solutions Permanent Placement Talent Solutions Protiviti Total $ % of Revenue $ % of Revenue $ % of Revenue $ % of Revenue Gross Margin As Reported $ 574,175 39.0 % $ 226,549 99.8 % $ 153,212 16.3 % $ 953,936 36.2 % Adjustments (1) — — — — 21,384 2.3 % 21,384 0.8 % As Adjusted $ 574,175 39.0 % $ 226,549 99.8 % $ 174,596 18.6 % $ 975,320 37.0 % Six Months Ended June 30, 2025 Contract Talent Solutions Permanent Placement Talent Solutions Protiviti Total $ % of Revenue $ % of Revenue $ % of Revenue $ % of Revenue Gross Margin As Reported $ 594,300 39.0 % $ 226,412 99.8 % $ 187,807 19.3 % $ 1,008,519 37.1 % Adjustments (1) — — — — 8,762 0.9 % 8,762 0.3 % As Adjusted $ 594,300 39.0 % $ 226,412 99.8 % $ 196,569 20.2 % $ 1,017,281 37.4 % (1)Changes in the Company’s deferred compensation obligations related to Protiviti operations are included in costs of services, while the related investment (income) loss is presented separately. The non-GAAP financial adjustments shown in the table above are to reclassify investment (income) loss from investments held in employee deferred compensation trusts to the same line item that includes the corresponding change in obligation. These adjustments have no impact on income before income taxes. 31 Selling, General and Administrative Expenses. The Company’s selling, general and administrative expenses consist primarily of staff compensation, advertising, lease expense, depreciation, cloud computing service costs and overhead costs. The Company’s reported selling, general and administrative expenses were $979 million for the six months ended June 30, 2026, up 1.2% from $968 million for the six months ended June 30, 2025. As a percentage of revenues, reported selling, general and administrative expenses were 37.1% in the first half of 2026, up from 35.6% in the first half of 2025. The Company’s adjusted selling, general and administrative expenses were $908 million for the six months ended June 30, 2026, down 3.3% from $939 million for the six months ended June 30, 2025. As a percentage of revenues, adjusted selling, general and administrative expenses were 34.4% in the first half of 2026, down from 34.5% in the first half of 2025. Contributing factors for each reportable segment are discussed below in further detail. Selling, general and administrative expenses for contract talent solutions, on an as-reported basis, were $610 million for the six months ended June 30, 2026, increasing by 2.5% from $595 million for the six months ended June 30, 2025. As a percentage of revenues, reported selling, general and administrative expenses for contract talent solutions were 41.4% in the first half of 2026, up from 39.1% in the first half of 2025. As a percentage of revenues, adjusted selling, general and administrative expenses for contract talent solutions were 37.2% in the first half of 2026, down from 37.4% in the first half of 2025. Selling, general and administrative expenses for permanent placement talent solutions were $218 million for the six months ended June 30, 2026, increasing by 0.2% from $217 million for the six months ended June 30, 2025. As a percentage of revenues, reported selling, general and administrative expenses for permanent placement talent solutions were 96.0% in the first half of 2026, up from 95.8% in the first half of 2025. As a percentage of revenues, adjusted selling, general and administrative expenses for permanent placement talent solutions were 92.3% in the first half of 2026, down from 94.6% in the first half of 2025, due primarily to positive leverage as revenues increased. Selling, general and administrative expenses for Protiviti were $151 million for the six months ended June 30, 2026, decreasing by 2.7% from $156 million for the six months ended June 30, 2025. As a percentage of revenues, selling, general and administrative expenses for Protiviti were 16.2% in the first half of 2026, up from 16.0% in the first half of 2025. The Company’s selling, general and administrative expenses by reportable segment are summarized as follows (in thousands): Six Months Ended June 30, Relationships As Reported As Adjusted As Reported As Adjusted 2026 2025 2026 2025 2026 2025 2026 2025 Selling, General and Administrative Expenses Contract talent solutions $ 610,119 $ 595,083 $ 547,058 $ 569,186 41.4 % 39.1 % 37.2 % 37.4 % Permanent placement talent solutions 217,805 217,353 209,599 214,529 96.0 % 95.8 % 92.3 % 94.6 % Protiviti 151,400 155,661 151,400 155,661 16.2 % 16.0 % 16.2 % 16.0 % Total $ 979,324 $ 968,097 $ 908,057 $ 939,376 37.1 % 35.6 % 34.4 % 34.5 % The following tables provide reconciliations of the non-GAAP selling, general and administrative expenses to reported selling, general and administrative expenses for the six months ended June 30, 2026 and 2025 (in thousands): Six Months Ended June 30, 2026 Contract Talent Solutions Permanent Placement Talent Solutions Protiviti Total $ % of Revenue $ % of Revenue $ % of Revenue $ % of Revenue Selling, General and Administrative Expenses As Reported $ 610,119 41.4 % $ 217,805 96.0 % $ 151,400 16.2 % $ 979,324 37.1 % Adjustments (1) (63,061) (4.2 %) (8,206) (3.7 %) — — (71,267) (2.7 %) As Adjusted $ 547,058 37.2 % $ 209,599 92.3 % $ 151,400 16.2 % $ 908,057 34.4 % 32 Six Months Ended June 30, 2025 Contract Talent Solutions Permanent Placement Talent Solutions Protiviti Total $ % of Revenue $ % of Revenue $ % of Revenue $ % of Revenue Selling, General and Administrative Expenses As Reported $ 595,083 39.1 % $ 217,353 95.8 % $ 155,661 16.0 % $ 968,097 35.6 % Adjustments (1) (25,897) (1.7 %) (2,824) (1.2 %) — — (28,721) (1.1 %) As Adjusted $ 569,186 37.4 % $ 214,529 94.6 % $ 155,661 16.0 % $ 939,376 34.5 % (1)Changes in the Company’s employee deferred compensation plan obligations related to talent solutions operations are included in selling, general and administrative expenses, while the related investment (income) loss is presented separately. The non-GAAP financial adjustments shown in the table above are to reclassify investment (income) loss from investments held in employee deferred compensation trusts to the same line item that includes the corresponding change in obligation. These adjustments have no impact on income before income taxes. Operating (Loss) Income. The Company’s operating (loss) income consists of gross margin less selling, general and administrative expenses. The Company’s reported operating loss was $25 million for the six months ended June 30, 2026, compared to operating income of $40 million for the six months ended June 30, 2025. As a percentage of revenues, reported operating (loss) income was (1.0)% in the first half of 2026, down from 1.5% in the first half of 2025. The Company’s adjusted operating income was $67 million for the six months ended June 30, 2026, down 13.7% from $78 million for the six months ended June 30, 2025. As a percentage of revenues, adjusted operating income was 2.6% in the first half of 2026, down from 2.9% in the first half of 2025. Since operating (loss) income is defined as gross margin less selling, general and administrative expenses, the year over year change is explained by factors previously discussed. The Company’s operating (loss) income by reporting segment is summarized as follows (in thousands): Six Months Ended June 30, Relationships As Reported As Adjusted As Reported As Adjusted 2026 2025 2026 2025 2026 2025 2026 2025 Operating (loss) income Contract talent solutions $ (35,944) $ (783) $ 27,117 $ 25,114 (2.4 %) (0.1 %) 1.8 % 1.6 % Permanent placement talent solutions 8,744 9,059 16,950 11,883 3.9 % 4.0 % 7.5 % 5.2 % Protiviti 1,812 32,146 23,196 40,908 0.2 % 3.3 % 2.5 % 4.2 % Total $ (25,388) $ 40,422 $ 67,263 $ 77,905 (1.0 %) 1.5 % 2.6 % 2.9 % The following tables provide reconciliations of the non-GAAP adjusted operating income to reported operating (loss) income for the six months ended June 30, 2026 and 2025: Six Months Ended June 30, 2026 Contract talent solutions Permanent placement talent solutions Protiviti Total $ % of Revenue $ % of Revenue $ % of Revenue $ % of Revenue Operating (loss) income As Reported $ (35,944) (2.4 %) $ 8,744 3.9 % $ 1,812 0.2 % $ (25,388) (1.0 %) Adjustments (1) 63,061 4.2 % 8,206 3.6 % 21,384 2.3 % 92,651 3.6 % As Adjusted $ 27,117 1.8 % $ 16,950 7.5 % $ 23,196 2.5 % $ 67,263 2.6 % 33 Six Months Ended June 30, 2025 Contract talent solutions Permanent placement talent solutions Protiviti Total $ % of Revenue $ % of Revenue $ % of Revenue $ % of Revenue Operating (loss) income As Reported $ (783) (0.1 %) $ 9,059 4.0 % $ 32,146 3.3 % $ 40,422 1.5 % Adjustments (1) 25,897 1.7 % 2,824 1.2 % 8,762 0.9 % 37,483 1.4 % As Adjusted $ 25,114 1.6 % $ 11,883 5.2 % $ 40,908 4.2 % $ 77,905 2.9 % (1)Changes in the Company’s employee deferred compensation plan obligations are included in operating (loss) income. The non-GAAP financial adjustments shown in the table above are to reclassify investment (income) loss from investments held in employee deferred compensation trusts to the same line item that includes the corresponding change in obligation. These adjustments have no impact on income before income taxes. (Income) Loss from Investments Held in Employee Deferred Compensation Trusts. Under the Company’s employee deferred compensation plans, employees direct the investment of their account balances, and the Company invests amounts held in the associated investment trusts consistent with these directions. As realized and unrealized investment gains and losses occur, the Company’s employee deferred compensation plan obligations change and adjustments are recorded in selling, general and administrative expenses, or in the case of Protiviti, costs of services. The value of the related investment trust assets also changes by the equal and offsetting amount, leaving no net costs to the Company. The Company’s (income) loss from investments held in employee deferred compensation trusts consists primarily of unrealized and realized gains and losses, and dividend income from trust investments, and is presented separately on the unaudited Condensed Consolidated Statements of Operations. The Company’s income from investments held in employee deferred compensation trusts was $93 million and $37 million for the six months ended June 30, 2026 and 2025, respectively. The income from trust investments was due to positive market returns during the first half of 2026. Provision for income taxes. The provision for income taxes was 44.3% and 30.3% for the six months ended June 30, 2026 and 2025, respectively. The higher tax rate for 2026 can be primarily attributed to a tax charge in the first quarter related to employee stock-based compensation grants, the majority of which vest in the first quarter, and the magnified impact of non-deductible tax items relative to lower pre-tax income. Liquidity and Capital Resources The change in the Company’s liquidity during the six months ended June 30, 2026 and 2025, is primarily the effect of funds used in operations, as well as funds used for capital expenditures, investment in employee deferred compensation trusts, net of redemptions from employee deferred compensation trusts, repurchases of common stock, and payment of dividends. Cash and cash equivalents were $325 million and $381 million at June 30, 2026 and 2025, respectively. Operating activities used net cash flows of $4 million during the six months ended June 30, 2026, combined with $5 million and $127 million of net cash used in investing activities and financing activities, respectively. Operating activities provided net cash flows of $60 million during the six months ended June 30, 2025, offset by $49 million and $192 million of net cash used in investing activities and financing activities, respectively. Fluctuations in foreign currency exchange rates had the effect of decreasing reported cash and cash equivalents by $3 million during the six months ended June 30, 2026, compared to an increase of $24 million during the six months ended June 30, 2025. Operating activities—Net cash used in operating activities for the six months ended June 30, 2026, was $4 million. This was composed of net income of $40 million, offset by non-cash items of $10 million, and net cash used in changes in working capital of $34 million. Net cash provided by operating activities for the six months ended June 30, 2025, was $60 million. This was composed of net income of $58 million adjusted upward for non-cash items of $46 million, offset by net cash used in changes in working capital of $44 million. Investing activities—Cash used in investing activities for the six months ended June 30, 2026, was $5 million. This was composed of capital expenditures of $16 million, and investments in employee deferred compensation trusts of $39 million, partially offset by proceeds from employee deferred compensation trust redemptions of $50 million. Cash used in investing activities for the six months ended June 30, 2025, was $49 million. This was composed of capital expenditures of $28 million, investments in employee deferred compensation trusts of $51 million, and payments for acquisitions of $10 million, partially offset by proceeds from employee deferred compensation trust redemptions of $40 million. 34 Capital expenditures, including $16 million related to cloud computing implementations, for the six months ended June 30, 2026, totaled $32 million, approximately 78% of which represented investments in software initiatives and technology infrastructure, both of which are important to the Company’s sustainability and future growth opportunities. Capital expenditures for cloud computing arrangements are included in cash flows from operating activities on the Company’s Condensed Consolidated Statements of Cash Flows. Capital expenditures included amounts spent on tenant improvements and furniture and equipment in the Company’s leased offices. The Company currently expects that 2026 capitalized expenditures will range from $50 million to $70 million, of which $45 million to $55 million relates to software initiatives and technology infrastructure, including capitalized costs relating to the implementation of cloud computing arrangements. Financing activities—Cash used in financing activities for the six months ended June 30, 2026, was $127 million. This included repurchases of $6 million in common stock and $121 million in dividends paid to stockholders. Cash used in financing activities for the six months ended June 30, 2025, was $192 million. This included repurchases of $71 million in common stock and $121 million in dividends paid to stockholders. As of June 30, 2026, the Company is authorized to repurchase, from time to time, up to 5.6 million additional shares of the Company’s common stock on the open market or in privately negotiated transactions, depending on market conditions. There were no open market repurchases during the six months ended June 30, 2026. During the six months ended June 30, 2025, the Company repurchased 1.1 million shares, at a cost of $59 million, on the open market. Additional stock repurchases were made in connection with employee stock plans, whereby Company shares were tendered by employees for the payment of applicable statutory withholding taxes. During the six months ended June 30, 2026 and 2025, such repurchases totaled 0.3 million shares, at a cost of $6 million, and 0.2 million shares, at a cost of $11 million, respectively. Repurchases of shares have been funded with cash generated from operations and from cash reserves. The Company’s working capital at June 30, 2026, included $325 million in cash and cash equivalents, and $821 million in net accounts receivable, both of which will be a significant source of ongoing liquidity and financial resilience. The Company expects that internally generated cash will be sufficient to support the working capital needs of the Company, the Company’s fixed payments, dividends, and other obligations on both a short-term and long-term basis. There is limited visibility into future cash flows as the Company’s revenues and net income are largely dependent on macroeconomic conditions. The Company’s variable direct costs related to its contract talent solutions business will largely fluctuate in relation to its revenues. The Company has a $100.0 million credit agreement (the “2025 Credit Agreement”) which matures in May 2030. Borrowings under the 2025 Credit Agreement will bear interest in accordance with the terms of the borrowing, which typically will be calculated according to the adjusted term Secured Overnight Financing Rate (“SOFR”), or an alternative base rate, plus an applicable margin. The 2025 Credit Agreement is subject to certain financial covenants, and the Company was in compliance with these covenants as of June 30, 2026. The Company had no cash borrowings under the Credit Agreement as of June 30, 2026, and maintained $10.3 million in standby letters of credit to satisfy workers’ compensation insurers’ collateral requirements. On August 3, 2026, the Company announced a quarterly dividend of $0.59 per share to be paid to all shareholders of record as of August 25, 2026. The dividend will be paid on September 15, 2026. Material Cash Requirements from Contractual Obligations Leases. As of June 30, 2026, the Company reported current and long-term operating lease liabilities of $67 million and $174 million, respectively. These balances consist of the minimum rental commitments for July 2026 and thereafter, discounted to reflect the Company’s cost of borrowing, under noncancelable lease contracts executed as of June 30, 2026. The majority of these leases are for real estate. In the event the Company vacates a location prior to the end of the lease term, the Company may be obliged to continue making lease payments. For further information, see Note F—“Leases” to the Company’s Condensed Consolidated Financial Statements included under Part I—Item 1 of this report. Purchase Obligations. Purchase obligations are discussed in more detail in Item 7—“Management’s Discussion and Analysis of Financial Condition and Results of Operations” in the Company’s Annual Report on Form 10-K for the year ended December 31, 2025. There have been no material changes to the Company’s contractual purchase obligations during the first half of 2026. 35 Employee Deferred Compensation Plan. As of June 30, 2026, the Company reported employee deferred compensation plan obligations of $827 million in its accompanying unaudited Condensed Consolidated Statements of Financial Position. The balances are due to employees based upon elections they make at the time of deferring their funds. The timing of these payments may change based upon factors including termination of the Company’s employment arrangement with a participant. These obligations are funded through contributions to investment trusts, whose assets as of June 30, 2026, exceeded the obligations. Assets of these plans are held by an independent trustee for the sole benefit of participating employees and consist of money market funds and mutual funds. For further information, see Note J—“Employee Deferred Compensation Plan Obligations” to the Company’s Condensed Consolidated Financial Statements included under Part I—Item 1 of this report.