| Metric | Value ($ M) | Q2 FY26 | Q3 FY25 |
|---|---|---|---|
| Revenue | 935.00 | 15.1% | 9.9% |
| Total Income | 935.00 | 15.1% | 9.9% |
| Expenditure | 1.0K | 3.9% | 0.1% |
| PBT | -103.70 | 621.1% | 5661.1% |
| Net Profit | -150.10 | 890.0% | 18862.5% |
| OPM | -10.92% | 12.93pp | 11.17pp |
| NPM | -16.05% | 17.78pp | 16.13pp |
| EPS | -4.26 | 919.2% | 21400.0% |
Kelly Reports Q3 2025 Revenue of $935.0 Million, Down 9.9% Y-o-Y
04 May 2026 · 4 May, 7:49 am
Summary
Kelly announced its third-quarter 2025 results, with revenue of $935.0 million, a 9.9% decrease compared to the same quarter in 2024. The decline was primarily driven by lower demand in the ETM and SET segments, partially offset by growth in the Education segment. The company reported an operating loss of $102.1 million, including non-cash goodwill impairment charges of $102.0 million. Adjusted EBITDA was $16.5 million, a decrease of 36.7% versus the prior year period, with an adjusted EBITDA margin of 1.8%.
Key Highlights
- 1
Kelly's Q3 revenue reached $935.0 million, reflecting a 9.9% decrease year-over-year.
- 2
Excluding discrete U.S. federal government and large customer impacts, underlying revenue decreased by approximately 2.0% year-over-year.
- 3
The Education segment experienced continued growth, while the SET segment saw a consistent rate of decline.
- 4
Q3 adjusted SG&A declined by 9.7% due to expense optimization initiatives.
- 5
The company reported an operating loss of $102.1 million, which includes $102.0 million of non-cash goodwill impairment charges.
- 6
Adjusted EBITDA for Q3 was $16.5 million, with the adjusted EBITDA margin decreasing by 70 bps to 1.8%.
- 7
Kelly expects to be active with Class A share repurchases in Q4, demonstrating confidence in its strategy.
Management Comments
Chris Layden
As I step into this role at an important moment in Kelly’s strategic journey, the operating environment is evolving, driven by a dynamic macroeconomic landscape, global and domestic policy shifts, a sluggish labor market, and the AI boom. While Kelly continued to capture growth in more resilient markets where we have chosen to focus, these dynamics became more visible in our results in the third quarter. Our team knows that Kelly can achieve more, and we are addressing near-term opportunities to enhance our execution and agility while continuing to position the company for the future. I look forward to meeting this moment together and leading Kelly to drive profitable growth and lasting value for all our stakeholders.”
Informational and educational content only. Not investment advice.