Kelly Services Inc. Class A Common Stock (KELYA) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q2 26	$0.24	$0.37	+54.2%	—	$1B	—
Q1 26	$0.06	$0.03	-50.0%	—	$1B	—
Q4 25	$0.44	$0.16	-63.6%	—	$1B	—
Q3 25	$0.42	$0.18	-57.1%	—	$935M	—
Q2 25	$0.55	$0.54	-1.8%	—	$1.1B	—
Q1 25	$0.53	$0.39	-26.4%	—	$1.2B	—
Q4 24	$0.47	$0.82	+74.5%	—	$1.2B	—
Q3 24	$0.47	$0.21	-55.3%	—	$1B	—
Q2 24	$0.54	$0.71	+31.5%	—	$1.1B	—
Q1 24	$0.47	$0.56	+19.1%	—	$1B	—
Q4 23	$0.56	$0.93	+66.1%	—	$1.2B	—
Q3 23	$0.26	$0.5	+92.3%	—	$1.1B	—
Q2 23	$0.4	$0.36	-10.0%	—	$1.2B	—
Q1 23	$0.3	$0.4	+33.3%	—	$1.3B	—
Q4 22	$0.3	$0.18	-40.0%	—	$1.2B	—
Q3 22	$0.26	$0.25	-3.8%	—	$1.2B	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY25	—	-$7.24	—	—	$4.3B	—
FY24	—	-$0.02	—	—	$4.3B	—
FY23	—	$0.99	—	—	$4.8B	—
FY22	—	-$1.64	—	—	$5B

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	$5.3B	$5.4B	$5.5B	$5.4B	$4.5B	$4.9B	$5B	$4.8B	$4.3B	$4.3B
YoY change	-4.37%	+1.85%	+2.6%	-2.87%	-15.7%	+8.72%	+1.13%	-2.61%	-10.4%	-1.87%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	5.3B	5.4B	5.5B	5.4B	4.5B	4.9B	5B	4.8B	4.3B	4.3B
Cost of revenue	4.4B	4.4B	4.5B	4.4B	3.7B	4B	4B	3.9B	3.4B	3.4B
Gross profit	906.3M	954.1M	972.2M	968.4M	827.6M	919.2M	1B	961.4M	882.6M	853M
Gross margin	17.2%	17.8%	17.6%	18.1%	18.3%	18.7%	20.4%	19.9%	20.4%	20.1%
Research & development	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	843.1M	870.8M	884.8M	883.1M	805.6M	870.6M	943.5M	934.7M	818.4M	825.9M
Operating expenses	843.1M	870.8M	884.8M	883.1M	805.6M	870.6M	943.5M	934.7M	818.4M	825.9M
Operating income	63.2M	83.3M	87.4M	85.3M	22M	48.6M	68.3M	26.7M	64.2M	27.1M
Operating margin	1.2%	1.55%	1.59%	1.59%	0.49%	0.99%	1.38%	0.55%	1.48%	0.64%
Non-operating income, net	89.9M	400K	-94.5M	34.2M	-126.4M	139.5M	-139.7M	-5.3M	-82M	-97.2M
Pretax income	149.7M	81.7M	-9.4M	116.4M	-106.8M	185.8M	-71.2M	24.9M	-21.9M	-78.8M
Income tax	30M	12.8M	-27.1M	400K	-34M	35.1M	-7.9M	-11.5M	-21.3M	175.3M
Net income	120.8M	71.6M	22.9M	112.4M	-72M	156.1M	-62.5M	36.4M	-600K	-254.1M
Net margin	2.29%	1.33%	0.42%	2.1%	-1.59%	3.18%	-1.26%	0.75%	-0.01%	-5.98%
EBITDA	172M	106.7M	18M	176.3M	51.4M	218.6M	51.9M	85.7M	118.7M	83.8M
EPS	3.15	1.84	0.59	2.85	-1.83	3.93	-1.64	0.99	-0.02	-7.24
Diluted EPS	3.13	1.81	0.58	2.84	-1.83	3.91	-1.64	0.98	-0.02	-7.24

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	1.1B	1.2B	1B	1.1B	1B	1.2B	1.2B	1.1B	935M	1B	1B	1B
Cost of revenue	889.5M	994M	839.4M	843.8M	816.4M	949.6M	928.4M	876.3M	741M	852.2M	844.3M	826.2M
Gross profit	228.5M	238.2M	205.7M	213.7M	221.7M	241.5M	236.5M	225.5M	194M	197M	196.4M	212M
Gross margin	20.4%	19.3%	19.7%	20.2%	21.4%	20.3%	20.3%	20.5%	20.7%	18.8%	18.9%	20.4%
Research & development	—	—	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	228.4M	230.9M	190.5M	191.5M	219M	217.4M	225.7M	207.3M	194.4M	198.5M	199.3M	195.9M
Operating expenses	228.4M	230.9M	190.5M	191.5M	219M	217.4M	225.7M	207.3M	194.4M	198.5M	199.3M	195.9M
Operating income	100K	7.3M	15.2M	22.2M	2.7M	24.1M	10.8M	18.2M	-400K	-1.5M	-2.9M	16.1M
Operating margin	0.01%	0.59%	1.45%	2.1%	0.26%	2.02%	0.93%	1.65%	-0.04%	-0.14%	-0.28%	1.55%
Non-operating income, net	500K	-3.5M	12.3M	-16.7M	-1.3M	-76.3M	—	4.3M	-101.9M	400K	-2.2M	-100K
Pretax income	1.7M	4.9M	29.8M	5.7M	-1.8M	-55.6M	7.6M	19.9M	-103.7M	-2.6M	-6.7M	14.4M
Income tax	-4.9M	-6.5M	4M	1.1M	-2.6M	-23.8M	1.8M	900K	46.4M	126.2M	-800K	3M
Net income	6.6M	11.4M	25.8M	4.6M	800K	-31.8M	5.8M	19M	-150.1M	-128.8M	-5.9M	11.4M
Net margin	0.59%	0.93%	2.47%	0.43%	0.08%	-2.67%	0.5%	1.72%	-16.1%	-12.3%	-0.57%	1.1%
EBITDA	14.6M	21.4M	27.7M	29.1M	17.9M	44M	25.2M	32.7M	13.6M	12.3M	10M	28.9M
EPS	0.18	0.32	0.71	0.13	0.02	-0.9	0.16	0.52	-4.26	-3.69	-0.17	0.31
Diluted EPS	0.18	0.31	0.7	0.12	0.02	-0.9	0.16	0.52	-4.26	-3.69	-0.17	0.31

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Market cap	873.3M	1B	794.6M	882.9M	808.4M	660.7M	643.9M	776.2M	494.9M	308.9M	574.5M
Enterprise value	843.7M	1B	761.5M	922.4M	672.8M	626.9M	560.6M	701.7M	758.5M	435M	676.9M
Shares outstanding	38.1M	38.3M	38.8M	39.1M	39.3M	39.4M	38.1M	35.9M	35.5M	35.1M	35.1M

Valuation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
P/E	7.23	14.6	34.7	7.85	—	4.23	—	21.3	—	—	12.3
P/S	0.17	0.19	0.14	0.16	0.18	0.13	0.13	0.16	0.11	0.07	0.14
P/B	0.86	0.91	0.69	0.7	0.67	0.49	0.51	0.62	0.4	0.32	0.58
EV/EBITDA	4.9	9.58	42.3	5.23	13.1	2.87	10.8	8.19	6.39	5.19	9.38
EV/Sales	0.16	0.19	0.14	0.17	0.15	0.13	0.11	0.15	0.18	0.1	0.17
Earnings yield	13.8%	6.86%	2.88%	12.7%	—	23.6%	—	4.69%	—	—	8.13%
FCF yield	3.14%	4.42%	4.51%	9.31%	21.1%	11.2%	-13.7%	7.91%	3.19%	36.9%	13%
PEG	—	—	—	—	—	—	—	—	—	—	-0.3

Profitability

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Gross margin	17.2%	17.8%	17.6%	18.1%	18.3%	18.7%	20.4%	19.9%	20.4%	20.1%	20.4%
Operating margin	1.2%	1.55%	1.59%	1.59%	0.49%	0.99%	1.38%	0.55%	1.48%	0.64%	1.86%
Net margin	2.29%	1.33%	0.42%	2.1%	-1.59%	3.18%	-1.26%	0.75%	-0.01%	-5.98%	-6.73%
ROE	11.9%	6.22%	1.97%	8.89%	-5.99%	11.7%	-4.98%	2.9%	-0.05%	-26%	-24.3%
ROA	5.96%	3.01%	0.99%	4.53%	-2.81%	5.39%	-2.35%	1.41%	-0.02%	-11.3%	0.82%
ROIC	5.14%	6.22%	7.76%	6.52%	2.06%	3.03%	5.83%	2.26%	4.29%	2.46%	1.04%
Return on tangible assets	6.53%	3.37%	1.11%	5.29%	-2.95%	6.51%	-3.1%	1.84%	-0.04%	-18.7%	-18.8%

Financial health

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Current ratio	1.58	1.49	1.56	1.59	1.67	1.45	1.52	1.59	1.65	1.54	1.5
Quick ratio	1.58	1.49	1.56	1.59	1.67	1.45	1.52	1.59	1.65	1.54	1.5
Debt / equity	—	0.01	0	0.05	0.07	0.06	0.06	0.04	0.25	0.16	0.13
Debt / assets	—	0	0	0.03	0.03	0.03	0.03	0.02	0.11	0.07	0.06
Net debt / EBITDA	—	-0.21	-1.84	0.22	-2.64	-0.15	-1.61	-0.87	2.22	1.5	1.61
Interest coverage	40.4	31.3	-2.03	28.7	-34.6	75.3	-32.9	8.78	-1.01	-5.35	-9.96
Effective tax rate	20%	15.7%	0%	0.34%	0%	18.9%	0%	0%	0%	0%	0%

Per share

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Revenue per share	138.5	140.3	142.1	137	114.9	124.6	130.3	134.7	122	121.1	116.6
EPS (basic)	3.15	1.84	0.59	2.85	-1.83	3.93	-1.64	0.99	-0.02	-7.24	-7.24
EPS (diluted)	3.13	1.81	0.58	2.84	-1.83	3.91	-1.64	0.98	-0.02	-7.24	-7.77
Book value per share	26.6	30.1	29.9	32.3	30.6	33.9	32.9	34.9	34.8	27.8	28.3
FCF per share	0.72	1.21	0.92	2.1	4.34	1.87	-2.32	1.71	0.45	3.25	0.58
Cash per share	0.78	0.85	0.91	0.66	5.67	2.86	4.03	3.5	1.1	0.94	0.7
Capex per share	—	0	0	0.35	—	—	—	—	—	0.24	0.19

Capital allocation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Capex / revenue	—	0%	0%	0.26%	—	—	—	—	—	0.2%	0.16%
Capex / operating cash flow	—	0%	0%	10.3%	—	—	—	—	—	6.93%	24.4%
Payout ratio	8.86%	16.2%	51.5%	10.6%	-4.17%	2.56%	-17%	30.2%	-1.8K%	-4.33%	25.9%
Dividend yield	1.23%	1.11%	1.48%	1.35%	0.37%	0.61%	1.65%	1.42%	2.2%	3.56%	1.81%

Yield

1.81%

trailing twelve months

Frequency

Quarterly

Last dividend

$0.075

ex-dividend Aug 19, 2026

Payout ratio

26%

of earnings

Dividend growth

0 years

consecutive annual raises

Dividend per share

Split-adjusted payout per share by ex-dividend date.

Recent payouts

Ex-dividend	Amount
Aug 19, 2026	$0.075
May 18, 2026	$0.075
Feb 25, 2026	$0.075

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	$1.1B	$1.2B	$1B	$1.1B	$1B	$1.2B	$1.2B	$1.1B	$935M	$1B	$1B	$1B
YoY change	-4.27%	-0.13%	-17.6%	-13.1%	-7.15%	-3.34%	+11.5%	+4.19%	-9.93%	-11.9%	-10.7%	-5.77%

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Cash & short-term investments	29.6M	32.5M	35.3M	25.8M	223M	112.7M	153.7M	125.8M	39M	33M
Receivables	1.1B	1.3B	1.3B	1.3B	1.3B	1.4B	1.5B	1.2B	1.3B	1.2B
Inventory	—	—	—	—	—	—	—	—	—	—
Total current assets	1.2B	1.4B	1.4B	1.4B	1.5B	1.6B	1.7B	1.6B	1.4B	1.3B
Property, plant & equipment	19.7M	21.2M	21M	90.5M	111.3M	98.2M	94.2M	71.2M	72.4M	63.4M
Goodwill & intangibles	178M	250.6M	247.6M	355.4M	118.2M	495M	647M	603.8M	1.2B	893.6M
Total assets	2B	2.4B	2.3B	2.5B	2.6B	2.9B	2.7B	2.6B	2.6B	2.3B
Accounts payable	455.1M	537.7M	540.6M	503.6M	536.8M	687.2M	723.3M	646.1M	613.8M	631.4M
Short-term debt	—	10.2M	2.2M	22M	19.9M	17.5M	15.4M	8.4M	12.3M	12.3M
Total current liabilities	771.1M	926.2M	897.5M	884.1M	925.6M	1.1B	1.1B	1B	826.5M	821.8M
Long-term debt	—	—	0	43.3M	67.5M	61.4M	55M	42.9M	290.3M	146.8M
Total liabilities	1B	1.2B	1.2B	1.2B	1.4B	1.6B	1.4B	1.3B	1.4B	1.3B
Shareholders' equity	1B	1.2B	1.2B	1.3B	1.2B	1.3B	1.3B	1.3B	1.2B	976.5M
Total debt	—	10.2M	2.2M	65.3M	87.4M	78.9M	70.4M	51.3M	302.6M	159.1M
Net debt	—	-22.3M	-33.1M	39.5M	-135.6M	-33.8M	-83.3M	-74.5M	263.6M	126.1M

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Cash & short-term investments	117.2M	125.8M	200.7M	38.2M	32.8M	39M	28.2M	18M	30.1M	33M	25.6M	24.2M
Receivables	1.4B	1.2B	1.2B	1.2B	1.2B	1.3B	1.3B	1.2B	1.2B	1.2B	1.2B	1.2B
Inventory	—	—	—	—	—	—	—	—	—	—	—	—
Total current assets	1.6B	1.6B	1.4B	1.3B	1.4B	1.4B	1.4B	1.3B	1.3B	1.3B	1.3B	1.3B
Property, plant & equipment	88.7M	71.2M	71.8M	79.9M	81.7M	72.4M	69.6M	67.3M	66.4M	63.4M	56.4M	53.5M
Goodwill & intangibles	302.2M	603.8M	567.2M	1.3B	1.3B	1.2B	1.1B	1.1B	871.4M	893.6M	841.8M	827.2M
Total assets	2.5B	2.6B	2.4B	2.6B	2.7B	2.6B	2.6B	2.5B	2.4B	2.3B	2.3B	2.3B
Accounts payable	647.5M	646.1M	581.2M	594.8M	604.7M	613.8M	597M	613.8M	604.5M	631.4M	621.6M	661.6M
Short-term debt	13.2M	8.4M	8.4M	12.4M	12.1M	12.3M	12.2M	12.1M	12.3M	12.3M	11.4M	10.8M
Total current liabilities	1B	1B	797.5M	812.3M	841M	826.5M	822.9M	826.7M	806.5M	821.8M	818.6M	866.6M
Long-term debt	51.5M	42.9M	42M	260M	280M	290.3M	253.9M	121.8M	165.1M	146.8M	172.5M	117.9M
Total liabilities	1.3B	1.3B	1.1B	1.3B	1.4B	1.4B	1.4B	1.2B	1.3B	1.3B	1.3B	1.3B
Shareholders' equity	1.2B	1.3B	1.3B	1.3B	1.3B	1.2B	1.2B	1.3B	1.1B	976.5M	968.5M	982M
Total debt	64.7M	51.3M	50.4M	272.4M	292.1M	302.6M	266.1M	133.9M	177.4M	159.1M	183.9M	128.7M
Net debt	-52.5M	-74.5M	-150.3M	234.2M	259.3M	263.6M	237.9M	115.9M	147.3M	126.1M	158.3M	104.5M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Net income	120.8M	71.6M	22.9M	112.4M	-72M	156.1M	-62.5M	36.4M	-600K	-254.1M
Depreciation & amortization	21.3M	22.7M	26.2M	53.9M	45.3M	51M	51.9M	50.1M	50.9M	53.3M
Stock-based compensation	10.2M	9.1M	8.1M	5.6M	3.9M	5.1M	7.8M	9.7M	11.8M	12.3M
Change in working capital	-33.1M	-55.6M	-13.1M	-19.8M	40.6M	-27.7M	-57.1M	68.5M	-63.2M	42.1M
Operating cash flow	123.8M	42.1M	-4.2M	133.4M	-37.9M	193.1M	-128.7M	141.6M	-36.5M	122.6M
Capital expenditure	—	0	0	13.8M	—	—	—	—	—	-8.5M
Investing cash flow	23M	-36.4M	3.7M	-60.5M	25.3M	-169.5M	179.5M	1.2M	-350.5M	22.3M
Dividends paid	-10.7M	-11.6M	-11.8M	-11.9M	-3M	-4M	-10.6M	-11M	-10.9M	-11M
Share repurchases	—	—	—	—	—	0	-35M	-42.2M	-10M	-10M
Financing cash flow	-69.1M	-3.4M	-26.5M	-16.1M	-8.1M	-8.1M	-50.6M	-59.6M	214.8M	-161.1M
Net change in cash	77.7M	2.3M	-27M	56.8M	-20.7M	15.5M	200K	83.2M	-172.2M	-16.2M
Free cash flow	27.4M	46.2M	35.8M	82.2M	170.5M	73.8M	-88.3M	61.4M	15.8M	114.1M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Net income	6.6M	11.4M	25.8M	4.6M	800K	-31.8M	5.8M	19M	-150.1M	-128.8M	-5.9M	11.4M
Depreciation & amortization	12.4M	12.1M	10.2M	12M	14.2M	14.5M	13.6M	13.3M	13.2M	13.2M	12.5M	12.4M
Stock-based compensation	2.3M	1.8M	2.8M	2.4M	3.3M	3.3M	3.7M	3.5M	2.6M	2.5M	3.4M	3.4M
Change in working capital	—	—	—	—	—	—	—	—	—	—	-44.1M	27.7M
Operating cash flow	21.3M	1.7M	38.6M	18.1M	18.3M	-14M	22.8M	95.4M	-25.3M	28.6M	-25.4M	49.2M
Capital expenditure	—	—	—	—	—	—	—	-2M	-2.3M	-1.7M	-1.1M	-1.5M
Investing cash flow	0	-400K	75.8M	-424.6M	2.4M	-6.5M	5.7M	21.5M	-2.8M	400K	-1.2M	1.4M
Dividends paid	-2.7M	-2.7M	-2.7M	-2.7M	-2.8M	-2.7M	-2.8M	-2.7M	-2.8M	-2.7M	-2.7M	-2.8M
Share repurchases	-7.4M	0	0	0	0	-10M	—	—	—	—	—	—
Financing cash flow	-11.2M	-3M	-4.7M	206.3M	15.7M	-2.5M	-39.5M	-133.2M	41.3M	-19.7M	24.2M	-55.4M
Net change in cash	10.1M	-1.7M	109.7M	-200.2M	36.4M	-23M	-11M	-16.3M	13.2M	9.3M	-2.4M	-4.8M
Free cash flow	6.9M	40.4M	-29.2M	54.7M	-22.7M	13M	21.4M	93.4M	-27.6M	26.9M	-26.5M	47.7M

Date	Ratio
Jun 14, 1993	5:4
Jun 19, 1989	5:4
Sep 21, 1987	3:2
Sep 30, 1985	5:4
Mar 29, 1982	3:2
Mar 31, 1980	3:2

Kelly Services Inc. Class A Common Stock Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Dividend per share

Recent payouts

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement

Split history