Kelly Q3 revenue down 0.8%, adjusted EBITDA up 29.1%; Q4 outlook revised
Kelly Services reported third-quarter 2026 revenue of $0.9 billion, down 0.8% year over year, and adjusted EBITDA of $21.3 million, up 29.1%. GAAP earnings per share was a loss of $0.05, compared with a loss of $4.26 a year earlier, which included a $102.0 million goodwill impairment, but adjusted earnings per share fell to $0.07 from $0.17. The company revised its fourth-quarter expectations for revenue growth and adjusted EBITDA margin, citing delayed Education growth and pressure from one ETM customer.
Key points
- Q3 revenue of $0.9 billion, down 0.8% year over year; underlying revenue grew 2.3% excluding discrete impacts
- Q3 adjusted EBITDA of $21.3 million, margin 2.3%; GAAP loss per share $0.05 vs. $4.26 loss in Q3 2025
- Q4 2026 outlook: revenue flat to up 1% year over year, adjusted EBITDA margin 3.8% to 4.0%; full-year revenue expected to decline mid-single digits
- Board declared a $0.075 per share dividend payable December 2, 2026; share repurchase authorization renewed at up to $50.0 million
The filing
Written by AI on Nov 9, 2026, 8:51 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on November 05, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.