Slide 1: 2nd quarter results 2026
22 july 2026 2nd quarter results 2026. growth and higher profitability. sander van ‘t noordende, CEO jorge vazquez, CFO
Slide 2: Disclaimer
disclaimer. certain statements in this document concern prognoses flexible personnel), achievement of cost savings, changes about the future financial condition, risks, investment in the business mix, changes in legislation (particularly in plans, and the results of operations of Randstad N.V. and r
Slide 3: Definitions
definitions. organic growth: externally reported income statement line items (revenue, gross profit, operating expenses and EBITA) adjusted for the impact of changes in foreign currency ("FX"), the effect of hyperinflation and excluding the impact of acquisitions and disposals. EBITA: operating prof
Slide 4: Agenda
agenda. performance 5 financial results & outlook 11 Q&A 17 appendix 18 © randstad 4
Slide 5: Performance
01 performance. © randstad 5
Slide 6: Partner for Talent strategy driving performance
Partner for Talent strategy driving performance. summary key financials Q2 2026 majority of markets in growth revenue € 5.9BN at +1.9% delivery excellence driving productivity underlying gross margin 18.2% year-on-year profit growth underlying EBITA € 182M, 3.1% margin © randstad 6
Slide 7: Partner for Talent strategy impact
Partner for Talent strategy impact. growth through broad based growth improvement in Q2’26 specialization driven by e-commerce, skilled trades, healthcare & logistics +5% more talent per FTE in Q2’26 delivery excellence >50% of talent validation in talent centers 1.7M self-scheduled shifts in Q2, up
Slide 8: North America: operational growth accelerating
north america: operational growth accelerating. organic revenue growth YoY, last two quarters* us: growth improving ● operational: +13%, standout performance with DMP benefits ● professional: further stabilization, perm growing ● digital: down -3% ● enterprise: back to growth EBITA margin (underlyin
Slide 9: Major European markets: broad based sequential improvement
major european markets: broad based sequential improvement. organic revenue growth YoY, last two quarters* netherlands: manufacturing & logistics stable, healthcare growing, financial services slow germany: back to growth driven by manufacturing and logistics, automotive improving belgium: industria
Slide 10: International markets: improving momentum in most markets
international markets: improving momentum in most markets. organic revenue growth YoY, last two quarters* other european markets & latam ● uk: up 3%, back to growth ● poland: down 13%, sequentially slower ● switzerland: up 1%, steady performance ● nordics: down 9%, sequential improvement ● latam: up
Slide 11: Financial results & outlook
02 financial results & outlook. © randstad 11
Slide 12: Profitability improving
profitability improving. Q2 2026 summary performance organic revenue up 1.9% YoY € million Q2 ’26 Q2 ’25 % org. revenue 5,897 5,794 +1.9% gross profit 1,071 1,094 -2% operational: +4% at € 4.0 BN gross margin* 18.2% 18.9% operating expenses* 889 923 -3% opex %* 15.1% 15.9% professional: -/- 2% at €
Slide 13: Gross margin: large client growth outperformance driving mix
gross margin: large client growth outperformance driving mix. Q2 gross margin development YoY key highlights • temp margin -70 bp YoY • geo & business mix • idle time • perm fees -10 bp YoY • HRS/other +10 bp YoY © randstad 13
Slide 14: Opex: strong cost discipline
opex: strong cost discipline. Q2 sequential opex bridge (€m) key highlights • opex down 3% YoY • L4Q recovery rate 82% • FTE QoQ stable • continuing to focus on delivery excellence and building further operational leverage • driving structural indirect costs savings © randstad 14
Slide 15: Free cash flow and balance sheet
free cash flow and balance sheet. Q2 free cash flow balance sheet • net debt € 1,386m excl. lease liabilities • Q2 FCF € 39m (Q2 2025: € 82m) • leverage ratio excl. lease liabilities: 1.8x • DSO 57.6 (Q1 2026: 57.4 days) • € 284m ordinary dividend payout in April • ROIC: 10.2% (Q2 2025: 10.2%) • div
Slide 16: Outlook
outlook. growth momentum Q3 2026 outlook • gross margin modestly lower QoQ • talent at work improved through Q2 • operating expenses slightly lower QoQ • early July in line with June exit rate • driving continued YoY profitability growth © randstad 16
Slide 17: Questions & answers
03 questions & answers. © randstad 17
Slide 18: Appendices
04 appendices. © randstad 18
Slide 19: Corporate staff by geography
corporate staff by geography. 1 2 average Q2 2026 Q2 2025 North America 6,540 6,930 Netherlands 3,600 3,900 Germany 1,640 2,090 Belgium & Luxembourg 1,870 2,060 France 3,900 4,230 Italy 3,260 3,300 Iberia 3,090 2,920 Other Europe countries and Latin America 5,330 5,740 Asia Pacific 5,410 5,320 Corpo
Slide 20: Number of talent working on a temporary basis by geography
number of talent working on a temporary basis by geography. 1 2 average Q2 2026 Q2 2025 North America 70,000 66,000 Netherlands 45,000 49,100 Germany 22,700 23,500 Belgium & Luxembourg 33,300 34,900 France 67,900 69,900 Italy 57,100 55,700 Iberia 66,100 61,400 Other Europe countries and Latin Americ
Slide 21: Partner for talent
partner for talent. aie randstad