Kelly Services (KELYA) Q3 FY2026 earnings: revenue $927 million, down 0.8% on the year

Kelly Services Inc. (KELYA) reported revenue of $927 million for Q3 FY2026, the quarter ended 27 September 2026, down 0.8% on the same quarter a year earlier. Net income was -$2 million, and diluted earnings per share $-0.05. The figures are the company's own, from the 10-Q it filed with the SEC on 5 November 2026.

Revenue

$927 million

-0.8% on the year · -10.7% on the quarter

Q4 FY2024Q3 FY2026

Operating margin

0.1%

-10.9% a year earlier

Q4 FY2024Q3 FY2026

Net income

-$2 million

Q4 FY2024Q3 FY2026

Diluted EPS

-$0.05

Q4 FY2024Q3 FY2026

this quarterthe same quarter a year earlierHover a bar for its figure.

What management said

Guidance figures: 4 lowered.

Revenue down slightly, underlying up: Revenue was $927.2 million, down 0.8% and up 500 bps on the prior quarter. Discrete impacts of about 3.1% left underlying revenue up about 2.3%.
Adjusted EBITDA up 29.1%: Adjusted EBITDA was $21.3 million, up 29.1%. Adjusted EBITDA margin was 2.3%, up 50 bps, which management attributed to higher gross profit rate and SG&A discipline.
ETM revenue grew, margin rose: ETM revenue was $496.1 million, up 2.4% reported and 7.7% underlying. ETM adjusted EBITDA margin was 3.1%, against 1.8% a year earlier.

Read the earnings call summary

Income statement (profit and loss)

$ million	Q3 FY2026	Q2 FY2026	Q3 FY2025	On the quarter	On the year
Revenue	927	1,038	935	-10.7%	-0.8%
Cost of revenue	733	826	741	-11.3%	-1.1%
Gross profit	194	212	194	-8.3%	+0.2%
Gross margin	21.0%	20.4%	20.7%
Selling, general and administrative	194	196	194	-1.2%	-0.4%
Operating income	0.6	16.1	-102	-96.3%
Operating margin	0.1%	1.6%	-10.9%
Interest expense	1.5	2.1	2.4	-28.6%	-37.5%
Pre-tax income	-0.5	14.4	-104
Income tax	1.2	3.0	46.4	-60.0%	-97.4%
Effective tax rate	n/a	20.8%	n/a
Net income	-1.7	11.4	-150
Net margin	-0.2%	1.1%	-16.1%
Diluted EPS	-$0.05	$0.31	-$4.26

$ million except per share.

Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.

Cash flow

$ million	Q3 FY2026	Q2 FY2026	Q3 FY2025	On the quarter	On the year
Operating cash flow	-54.5	49.2	-25.3
Capital expenditure	1.7	1.5	2.3	+13.3%	-26.1%
Free cash flow	-56.2	47.7	-27.6
Free cash flow margin	-6.1%	4.6%	-3.0%
Cash from investing	9.0	1.4	-2.8	+542.9%
Cash from financing	41.2	-55.4	41.3		-0.2%
Depreciation and amortisation	13.6	9.8	10.5	+38.8%	+29.5%
Share-based compensation	3.3	3.4	2.6	-2.9%	+26.9%
Dividends paid	2.7	2.8	2.8	-3.6%	-3.6%
Diluted shares, weighted	35m	35m	35m	-1.4%	-1.7%
Shares outstanding at period end	35m	35m	35m	+0.3%	-1.4%

Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.

Balance sheet

$ million	Q3 FY2026	Q2 FY2026	Q3 FY2025	On the quarter	On the year
Shareholders' equity	980	982	1,115	-0.2%	-12.1%
Debt	122	78.1	118	+56.9%	+3.5%
Operating lease liabilities	39.3	39.8	46.7	-1.3%	-15.8%
Other liabilities	1,198	1,181	1,113	+1.4%	+7.6%
Total liabilities and equity	2,340	2,281	2,393	+2.6%	-2.2%
Fixed assets	17.6	18.0	22.1	-2.2%	-20.4%
Goodwill	202	202	202	0.0%	0.0%
Intangible assets	200	212	234	-5.3%	-14.3%
Cash and equivalents	22.2	24.2	30.1	-8.3%	-26.2%
Receivables	1,300	1,225	1,196	+6.2%	+8.7%
Other assets	597	600	710	-0.5%	-15.8%
Total assets	2,340	2,281	2,393	+2.6%	-2.2%

Questions

What was Kelly Services' revenue in Q3 FY2026?

Kelly Services (KELYA) reported revenue of $927 million for Q3 FY2026, the quarter ended 27 September 2026, down 0.8% on the same quarter a year earlier.

How much did Kelly Services earn in Q3 FY2026?

Net loss for Q3 FY2026 was $2 million, and the diluted loss per share $0.05.

When did Kelly Services report Q3 FY2026 results?

Kelly Services filed its 10-Q for the quarter ended 27 September 2026 with the SEC on 5 November 2026.

Quarterly results, the last 20 quarters

	Q4 FY2021 *	Q1 FY2022 †	Q2 FY2022	Q3 FY2022	Q4 FY2022 * †	Q1 FY2023	Q2 FY2023	Q3 FY2023	Q4 FY2023 *	Q1 FY2024	Q2 FY2024	Q3 FY2024	Q4 FY2024 *	Q1 FY2025	Q2 FY2025	Q3 FY2025	Q4 FY2025 *	Q1 FY2026	Q2 FY2026	Q3 FY2026
Revenue	1,250	1,296	1,267	1,168	1,234	1,268	1,217	1,118	1,232	1,045	1,058	1,038	1,191	1,165	1,102	935	1,049	1,041	1,038	927
Cost of revenue	1,004	1,038	1,005	927	984	1,014	977	890	994	839	844	816	950	928	876	741	852	844	826	733
Gross profit	246	259	262	241	250	254	241	228	238	206	214	222	242	236	226	194	197	196	212	194
Gross margin	20%	20%	21%	21%	20%	20%	20%	20%	19%	20%	20%	21%	20%	20%	20%	21%	19%	19%	20%	21%
SG&A	231	236	240	231	236	243	232	228	231	190	192	219	217	226	207	194	198	199	196	194
Operating income	15.3	23.4	8.2	-21.4	4.6	10.7	6.2	0.1	7.3	26.8	12.2	2.6	-56.7	10.8	22.2	-102	-0.7	-5.1	16.1	0.6
Operating margin	1%	2%	1%	-2%	0%	1%	1%	0%	1%	3%	1%	0%	-5%	1%	2%	-11%	-0%	-0%	2%	0%
Interest expense	0.6	0.6	0.5	0.5	0.5	0.8	0.6	1.0	0.8	0.5	2.1	4.5	3.8	4.0	3.5	2.4	2.5	2.0	2.1	1.5
Pre-tax income	84.7	-61.4	7.1	-21.2	4.3	12.7	5.6	1.7	4.9	29.8	5.7	-1.8	-55.6	7.6	19.9	-104	-2.6	-6.7	14.4	-0.5
Tax rate	19%	n/a	69%	n/a	121%	14%	-34%	-288%	-133%	13%	19%	n/a	n/a	24%	5%	n/a	n/a	n/a	21%	n/a
Net income	71.7	-47.6	2.2	-16.2	-0.9	10.9	7.5	6.6	11.4	25.8	4.6	0.8	-31.8	5.8	19.0	-150	-129	-5.9	11.4	-1.7
Net margin	6%	-4%	0%	-1%	-0%	1%	1%	1%	1%	2%	0%	0%	-3%	0%	2%	-16%	-12%	-1%	1%	-0%
Diluted EPS	$1.80	-$1.23	$0.06	-$0.43	-$0.04	$0.29	$0.20	$0.18	$0.31	$0.70	$0.12	$0.02	-$0.90	$0.16	$0.52	-$4.26	-$3.69	-$0.17	$0.31	-$0.05
Operating cash flow	54.0	-106	-1.2	-4.4	35.4	-13.5	36.9	10.0	43.3	-25.5	57.7	-20.3	15.0	23.9	95.4	-25.3	28.6	-25.4	49.2	-54.5
Capital expenditure	3.7	1.7	1.8	2.1	6.4	4.4	4.9	3.1	2.9	3.7	3.0	2.4	2.0	2.5	2.0	2.3	1.7	1.1	1.5	1.7
Free cash flow	50.3	-108	-3.0	-6.5	29.0	-17.9	32.0	6.9	40.4	-29.2	54.7	-22.7	13.0	21.4	93.4	-27.6	26.9	-26.5	47.7	-56.2
Buybacks	n/a	27.2	0.0	0.0	n/a	18.3	16.5	7.4	n/a	0.0	0.0	0.0	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Dividends paid	2.0	1.9	2.9	2.9	2.9	2.8	2.8	2.7	2.7	2.7	2.7	2.8	2.7	2.8	2.7	2.8	2.7	2.7	2.8	2.7
Shares outstanding	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	35m	35m	35m	35m	34m	35m	35m	35m
Filing	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q

Each quarter as filed, linked to its filing.

* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS, and its diluted share count where shown, are from the company's results press release for that quarter, checked against the company's filed figures or a second data source. A quarter marked † is shown as the company last restated it in a later filing, so it compares with the quarters around it on one basis; rest on a figure for the one first filed. EPS is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

10-Q for the period ended 27 September 2026, filed 5 November 2026: the filing.