KELLY SERVICES, INC.
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2019 | FY2018 | FY2017 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $4.25B | $4.33B | $4.84B | $4.91B | $4.52B | $5.36B | $5.51B | $5.37B |
| Cost of Revenue | $3.40B | $3.45B | $3.87B | $3.99B | $3.69B | $4.39B | $4.54B | $4.42B |
| Gross Profit | $853.0M | $882.6M | $961.4M | $919.2M | $827.6M | $968.4M | $972.2M | $954.1M |
| Gross Margin | 20.1% | 20.4% | 19.9% | 18.7% | 18.3% | 18.1% | 17.6% | 17.8% |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | $825.9M | $818.4M | $934.7M | $870.6M | $805.6M | $883.1M | $884.8M | $870.8M |
| Operating Income | $-69.8M | $-15.1M | $24.3M | $48.6M | $-93.6M | $81.8M | $87.4M | $83.3M |
| Operating Margin | -1.6% | -0.3% | 0.5% | 1.0% | -2.1% | 1.5% | 1.6% | 1.5% |
| Interest Expense | $12.4M | $10.9M | $3.2M | $2.5M | $3.0M | $4.2M | $3.1M | $2.7M |
| Pretax Income | $-78.8M | $-21.9M | $24.9M | $185.8M | $-106.8M | $116.4M | $-9.4M | $81.7M |
| Income Tax Expense | $175.3M | $-21.3M | $-11.5M | $35.1M | $-34.0M | $400.0K | $-27.1M | $12.8M |
| Net Income | $-254.1M | $-600.0K | $36.4M | $156.1M | $-72.0M | $112.4M | $22.9M | $71.6M |
| Net Margin | -6.0% | 0.0% | 0.8% | 3.2% | -1.6% | 2.1% | 0.4% | 1.3% |
| EPS (Basic) | $-7.24 | $-0.02 | $0.99 | $3.93 | $-1.83 | $2.85 | $0.59 | $1.84 |
| EPS (Diluted) | $-7.24 | $-0.02 | $0.98 | $3.91 | $-1.83 | $2.84 | $0.58 | $1.81 |
| Shares Outstanding (Basic) | 35.1M | 35.5M | 35.9M | 39.4M | 39.3M | 39.1M | 38.8M | 38.3M |
| Shares Outstanding (Diluted) | 35.1M | 35.5M | 36.3M | 39.5M | 39.3M | 39.2M | 39.1M | 39.0M |
| Dividends Per Share | — | — | — | — | — | $0.30 | $0.30 | $0.30 |