Kelly Services, Inc. · NASDAQ:KELYA
Kelly Services — Q2 2026 Earnings Presentation
16 slides from Kelly Services's earnings presentation, Aug 6, 2026
Slide 1: Q2 2026
Q2 2026 August 6, 2026 © 2026 Kelly Services, Inc. All rights reserved.
Slide 2: Financials
Financials 2 © 2026 Kelly Services, Inc. All rights reserved.
Slide 3: Second-Quarter 2026 Takeaways
Second - Quarter 2026 Takeaways Year over year revenue decline in the quarter improved approximately 500 basis points versus the prior quarter reflecting underlying improvements across the portfolio and reduced discrete impacts • Excluding the discrete impacts (1), underlying demand showed year - ov
Slide 4: Second-Quarter 2026 Financial Summary
Second - Quarter 2026 Financial Summary Year-Over-Year Results Change Revenue $1.0B (5.8%) Gross Profit Rate 20.4% (10) bps Earnings from Operations $16.1M (27.5%) (2) Adjusted Earnings from Operations $19.3M (21.5%) Diluted Earnings per Share $0.31 ($0.21) (2) Adjusted Earnings per Share $0.37 ($0.
Slide 5: June Year-to-Date 2026 Financial Summary
June Year - to - Date 2026 Financial Summary Year-Over-Year Results Change Revenue $2.1B (8.3%) Gross Profit Rate 19.6% (80) bps Earnings from Operations $11.0M (66.7%) (2) Adjusted Earnings from Operations $23.4M (49.9%) Diluted Earnings per Share $0.15 ($0.52) (2) Adjusted Earnings per Share $0.40
Slide 6: Revenue Growth Trends Overall and by Segment
Revenue Growth Trends Overall and by Segment Organic Reported Reported Reported Reported Q2 2025 (3) Q3 2025 Q4 2025 Q1 2026 Q2 2026 Total (3.3%) (9.9%) (11.9%) (10.7%) (5.8%) (1) Excluding discrete impacts 1.6% (2.0%) (3.9%) (3.3%) (0.6%) (4) Enterprise Talent Management (4.7%) (12.8%) (18.3%) (13.
Slide 7: Second-Quarter 2026 Revenue and Gross Profit Mix
Second - Quarter 2026 Revenue and Gross Profit Mix Revenue Mix by Segment (4) Gross Profit Mix by Segment (4) Revenue Mix by Service Type 24% 2026 22% 40% Service Type Legend Temporary Staffing 13% Education Staffing Outcome - Based Solutions 1% Talent Solutions Perm Placement Solutions 24% 2025 21%
Slide 8: Second-Quarter 2026 Gross Profit Rate
Second - Quarter 2026 Gross Profit Rate • GP rate decreased primarily due to changes in business mix, partially offset by lower employee - related costs © 2026 Kelly Services, Inc. All rights reserved. 8
Slide 9: Second-Quarter 2026 SG&A
Second - Quarter 2026 SG&A $ in millions • Expenses in Operations decreased as a result of management’s efforts to drive structural efficiencies and align resource leve ls with volume • Integration and realignment costs related to the integration of MRP and other prior acquisitions and further align
Slide 10: Second-Quarter 2026 Liquidity
Second - Quarter 2026 Liquidity $ in millions • Combined borrowing capacity of $400 million on our U.S. revolving credit ($150 million) and securitization ($250 million) fac ilities • Borrowings are amounts outstanding on our U.S. credit facilities • Standby letters of credit (“SBLC”) represent amou
Slide 11: 2026 Outlook
2026 Outlook Our 2026 Outlook Third Quarter of 2026 – Expect year - over - year improvement relative to second quarter, with overall underlying revenue growth of 1% to 2%, and total revenue to be flat to a decline assumes no material of 2% versus the prior year. Adjusted EBITDA margin in the low 2%
Slide 12: Presentation Disclosures
Presentation Disclosures 12 © 2026 Kelly Services, Inc. All rights reserved.
Slide 13: Safe Harbor Statement
Safe Harbor Statement This presentation contains statements that are forward looking in nature and, accordingly, are subject to risks and uncertainties . These statements are made under the “safe harbor” provisions of the U.S . Private Securities Litigation Reform Act of 1995. Statements that are no
Slide 14: Non-GAAP Measures
Non - GAAP Measures Management uses adjusted EBITDA (adjusted earnings before interest, taxes, depreciation and amortization) and adjusted EBITDA Margin (percent of total GAAP revenue) which Management believes is useful to compare operating performance compared to prior periods and uses it in conju
Slide 15: Appendix
Appendix 15 © 2026 Kelly Services, Inc. All rights reserved.
Slide 16: Second-Quarter 2026 Footnotes
Second - Quarter 2026 Footnotes 1) Reflects the combined negative discrete impacts from reduced demand for U.S. federal government contractors in Science, Engin eer ing & Technology ("SET") and from three large commercial customers in Enterprise Talent Management ("ETM"); 2) See Reconciliation of No