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Robert Half cash flow, quarter by quarter

Latest: Q3 2026 · from the cash-flow statements filed with the SEC

Free cash flow$57.7M in Q3 2026 · $209M over twelve months

Operating cash flow$66.2M
Capital spending−$8.4M
Free cash flow+$57.7M
Cash / net income1.3×
Cash conversion cycle37 days

Analysis

In Q3 2026, Robert Half generated $66.2M of operating cash flow and spent $8.4M on capital projects, leaving free cash flow of $57.7M. That is $5.8M less than in Q3 2025 ($63.6M).

Over the twelve months to Sep 30, 2026, operating cash flow was $245M; the largest uses were dividends ($239M), capital spending ($35.8M), buybacks ($6.8M); the cash balance fell by $44.0M.

Operating cash flow was $66.2M against net income of $49.9M — 1.3× profit, cash ran ahead of reported earnings. The largest differences: income taxes payable +$15.0M, depreciation & amortization +$12.5M, payables −$10.9M.

Its cash conversion cycle was 37 days (receivables 56 + inventory 0 − payables 19).

Free cash flow

Robert Half: free cash flow by quarterRobert Half: free cash flow by quarter$141MQ4 2024−$71.7MQ1 2025$104MQ2 2025$63.6MQ3 2025$171MQ4 2025−$121MQ1 2026$102MQ2 2026$57.7MQ3 2026
Operating cash flow less capital spending.
Robert Half: operating cash flow against capital spendingRobert Half: operating cash flow against capital spendingOperating cash flowCapital spending$155M$14.3MQ4 2024−$59.3M$12.4MQ1 2025$119M$15.2MQ2 2025$77.4M$13.8MQ3 2025$183M$11.7MQ4 2025−$112M$8.5MQ1 2026$109M$7.2MQ2 2026$66.2M$8.4MQ3 2026
Latest (Q3 2026): Operating cash flow $66.2M, Capital spending $8.4M.

Capital allocation, year by year

Robert Half: where the cash came from (up) and went (down), by fiscal yearRobert Half: where the cash came from (up) and went (down), by fiscal yearOperating cash flowNet borrowingCapital spendingAcquisitionsBuybacksDividendsFY2021: Operating cash flow $603MFY2021: Net borrowing −$239KFY2021: Capital spending −$36.6MFY2021: Buybacks −$288MFY2021: Dividends −$171M$603MFY2021FY2022: Operating cash flow $684MFY2022: Capital spending −$61.1MFY2022: Acquisitions −$19.0MFY2022: Buybacks −$320MFY2022: Dividends −$189M$684MFY2022FY2023: Operating cash flow $637MFY2023: Capital spending −$45.9MFY2023: Acquisitions −$1.0MFY2023: Buybacks −$255MFY2023: Dividends −$206M$637MFY2023FY2024: Operating cash flow $410MFY2024: Capital spending −$56.3MFY2024: Acquisitions −$264KFY2024: Buybacks −$276MFY2024: Dividends −$220M$410MFY2024FY2025: Operating cash flow $320MFY2025: Capital spending −$53.2MFY2025: Acquisitions −$10.7MFY2025: Buybacks −$92.1MFY2025: Dividends −$238M$320MFY2025
Over these 5 years operating cash flow totalled $2.7B; the largest uses were buybacks ($1.2B) and dividends ($1.0B). Cash-flow statements as filed.

Cash runway and the debt wall

Cash & investments$321M
Debtnone
Net cash$321M

Robert Half funds itself: free cash flow was $209M over the last twelve months, with $321M of cash and investments and no debt on the balance sheet.

Where the cash came from and went

Robert Half: sources (+) and uses (−) of cash, Q3 2026Robert Half: sources (+) and uses (−) of cash, Q3 2026Operating cash flow$66.2MDividends−$59.0MCapital spending−$8.4MCash drawn (+) / kept (−)$3.4MOther investing−$1.8MExchange rates−$314KBuybacks−$33K
Robert Half: sources (+) and uses (−) of cash, TTM to Q3 2026Robert Half: sources (+) and uses (−) of cash, TTM to Q3 2026Operating cash flow$245MDividends−$239MCash drawn (+) / kept (−)$44.0MCapital spending−$35.8MBuybacks−$6.8MExchange rates−$5.3MOther investing−$2.6M

From profit to cash

Robert Half: net income to operating cash flow, Q3 2026Robert Half: net income to operating cash flow, Q3 2026Net income$49.9MDepreciation & amortization$12.5MDeferred taxes$942KReceivables−$4.9MPayables−$10.9MPrepaid and other assets−$6.6MIncome taxes payable$15.0MOther operating capital−$7.6MOperating cash flow$66.2M
Non-cash charges are added back; money tied up in receivables or inventory is subtracted.
QuarterReceivable daysInventory daysPayable daysCash conversion cycle
Q3 202656—1937
Q2 202654—1738
Q1 202653—1736
Q4 202556—1838
Q3 202557—1640
Q2 202554—1638
Q1 202552—1635
Q4 202455—1837

Every quarter

QuarterOperating cash flowCapital spendingAcquisitionsBuybacksDividendsCash drawn (+) / kept (−)Free cash flow
Q3 2026$66.2M−$8.4M—−$33K−$59.0M$3.4M$57.7M
Q2 2026$109M−$7.2M—−$618K−$59.1M−$46.3M$102M
Q1 2026−$112M−$8.5M—−$6.1M−$61.7M$186M−$121M
Q4 2025$183M−$11.7M—−$24K−$58.7M−$99.1M$171M
Q3 2025$77.4M−$13.8M−$608K−$21.1M−$58.9M$15.3M$63.6M
Q2 2025$119M−$15.2M—−$21.1M−$59.4M−$38.1M$104M
Q1 2025−$59.3M−$12.4M—−$49.9M−$61.3M$195M−$71.7M
Q4 2024$155M−$14.3M—−$80.5M−$54.1M$32.9M$141M

Robert Half: income statement and cash flow

Robert Half, Q3 2026: revenue $1.4B (+0.4% year over year), operating margin 5.5%. The chart follows the revenue to costs, profit and cash.

Robert Half: every quarter, Q/Q and Y/Y → Open in the app

Read automatically from the company’s XBRL cash-flow statements; quarterly figures for the fourth quarter are the year less the first three. Errors are possible. Not investment advice.