| Revenue Recognition |
(3) Revenue Recognition For client contracts where we recognize revenues over time, we recognize the amount that we have the right to invoice, which corresponds directly to the value provided to the client of our performance to date. We do not disclose the amount of unsatisfied performance obligations for client contracts with an original expected length of one year or less and those client contracts for which we recognize revenues at the amount to which we have the right to invoice for services performed. We have other contracts with revenues expected to be recognized subsequent to September 30, 2026 related to remaining performance obligations, which are not material. We record accounts receivable when our right to consideration becomes unconditional. Contract assets primarily relate to our rights to consideration for services provided that they are conditional on satisfaction of future performance obligations. We record contract liabilities (deferred revenue) when payments are made or due prior to the related performance obligations being satisfied. The current portion of our contract liabilities is included in accrued liabilities in our Consolidated Balance Sheets. We do not have any material contract assets or long-term contract liabilities. Our deferred revenue was $36.1 as of September 30, 2026 and $45.6 as of December 31, 2025. In the following tables, revenue is disaggregated by service types for each of our reportable segments. See Note 2 to the Consolidated Financial Statements in our 2025 Annual Report on Form 10-K for descriptions of revenue service types.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended September 30, |
|
|
|
2026 |
|
|
2025 |
|
|
|
Staffing
and
Interim |
|
|
Outcome-
Based
Solutions
and
Consulting |
|
|
Permanent
Recruitment |
|
|
Other |
|
|
Total |
|
|
Staffing
and
Interim |
|
|
Outcome-
Based
Solutions
and
Consulting |
|
|
Permanent
Recruitment |
|
|
Other |
|
|
Total |
|
Americas: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
United States |
|
$ |
657.8 |
|
|
$ |
2.3 |
|
|
$ |
28.4 |
|
|
$ |
40.3 |
|
|
$ |
728.8 |
|
|
$ |
617.4 |
|
|
$ |
2.8 |
|
|
$ |
27.4 |
|
|
$ |
43.2 |
|
|
$ |
690.8 |
|
Other Americas |
|
|
482.3 |
|
|
|
19.2 |
|
|
|
11.5 |
|
|
|
4.9 |
|
|
|
517.9 |
|
|
|
378.7 |
|
|
|
16.8 |
|
|
|
9.2 |
|
|
|
3.2 |
|
|
|
407.9 |
|
|
|
|
1,140.1 |
|
|
|
21.5 |
|
|
|
39.9 |
|
|
|
45.2 |
|
|
|
1,246.7 |
|
|
|
996.1 |
|
|
|
19.6 |
|
|
|
36.6 |
|
|
|
46.4 |
|
|
|
1,098.7 |
|
Southern Europe: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
France |
|
|
1,046.4 |
|
|
|
61.6 |
|
|
|
8.2 |
|
|
|
16.7 |
|
|
|
1,132.9 |
|
|
|
1,077.6 |
|
|
|
65.8 |
|
|
|
10.1 |
|
|
|
20.0 |
|
|
|
1,173.5 |
|
Italy |
|
|
452.5 |
|
|
|
13.0 |
|
|
|
10.5 |
|
|
|
7.1 |
|
|
|
483.1 |
|
|
|
434.1 |
|
|
|
11.2 |
|
|
|
11.0 |
|
|
|
6.2 |
|
|
|
462.5 |
|
Other Southern Europe |
|
|
501.0 |
|
|
|
88.2 |
|
|
|
16.7 |
|
|
|
6.0 |
|
|
|
611.9 |
|
|
|
464.4 |
|
|
|
81.7 |
|
|
|
13.8 |
|
|
|
9.6 |
|
|
|
569.5 |
|
|
|
|
1,999.9 |
|
|
|
162.8 |
|
|
|
35.4 |
|
|
|
29.8 |
|
|
|
2,227.9 |
|
|
|
1,976.1 |
|
|
|
158.7 |
|
|
|
34.9 |
|
|
|
35.8 |
|
|
|
2,205.5 |
|
Northern Europe |
|
|
759.7 |
|
|
|
51.5 |
|
|
|
23.3 |
|
|
|
26.1 |
|
|
|
860.6 |
|
|
|
712.1 |
|
|
|
56.7 |
|
|
|
23.5 |
|
|
|
24.5 |
|
|
|
816.8 |
|
APME |
|
|
435.3 |
|
|
|
58.2 |
|
|
|
11.7 |
|
|
|
9.7 |
|
|
|
514.9 |
|
|
|
433.9 |
|
|
|
62.9 |
|
|
|
12.8 |
|
|
|
10.9 |
|
|
|
520.5 |
|
|
|
|
4,335.0 |
|
|
|
294.0 |
|
|
|
110.3 |
|
|
|
110.8 |
|
|
|
4,850.1 |
|
|
|
4,118.2 |
|
|
|
297.9 |
|
|
|
107.8 |
|
|
|
117.6 |
|
|
|
4,641.5 |
|
Intercompany Eliminations |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(10.1 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(7.1 |
) |
Total |
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
4,840.0 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
4,634.4 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Nine Months Ended September 30, |
|
|
|
2026 |
|
|
2025 |
|
|
|
Staffing
and
Interim |
|
|
Outcome-
Based
Solutions
and
Consulting |
|
|
Permanent
Recruitment |
|
|
Other |
|
|
Total |
|
|
Staffing
and
Interim |
|
|
Outcome-
Based
Solutions
and
Consulting |
|
|
Permanent
Recruitment |
|
|
Other |
|
|
Total |
|
Americas: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
United States |
|
$ |
1,880.7 |
|
|
$ |
6.4 |
|
|
$ |
84.5 |
|
|
$ |
126.4 |
|
|
$ |
2,098.0 |
|
|
$ |
1,833.1 |
|
|
$ |
8.2 |
|
|
$ |
83.0 |
|
|
$ |
129.4 |
|
|
$ |
2,053.7 |
|
Other Americas |
|
|
1,376.7 |
|
|
|
54.0 |
|
|
|
32.7 |
|
|
|
13.2 |
|
|
|
1,476.6 |
|
|
|
1,077.7 |
|
|
|
48.0 |
|
|
|
27.1 |
|
|
|
8.9 |
|
|
|
1,161.7 |
|
|
|
|
3,257.4 |
|
|
|
60.4 |
|
|
|
117.2 |
|
|
|
139.6 |
|
|
|
3,574.6 |
|
|
|
2,910.8 |
|
|
|
56.2 |
|
|
|
110.1 |
|
|
|
138.3 |
|
|
|
3,215.4 |
|
Southern Europe: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
France |
|
|
3,102.7 |
|
|
|
190.0 |
|
|
|
29.6 |
|
|
|
56.8 |
|
|
|
3,379.1 |
|
|
|
2,999.7 |
|
|
|
195.4 |
|
|
|
32.9 |
|
|
|
60.5 |
|
|
|
3,288.5 |
|
Italy |
|
|
1,378.8 |
|
|
|
41.8 |
|
|
|
38.0 |
|
|
|
21.1 |
|
|
|
1,479.7 |
|
|
|
1,244.6 |
|
|
|
35.2 |
|
|
|
35.9 |
|
|
|
20.5 |
|
|
|
1,336.2 |
|
Other Southern Europe |
|
|
1,437.5 |
|
|
|
265.8 |
|
|
|
50.9 |
|
|
|
24.9 |
|
|
|
1,779.1 |
|
|
|
1,257.8 |
|
|
|
235.0 |
|
|
|
41.8 |
|
|
|
29.5 |
|
|
|
1,564.1 |
|
|
|
|
5,919.0 |
|
|
|
497.6 |
|
|
|
118.5 |
|
|
|
102.8 |
|
|
|
6,637.9 |
|
|
|
5,502.1 |
|
|
|
465.6 |
|
|
|
110.6 |
|
|
|
110.5 |
|
|
|
6,188.8 |
|
Northern Europe |
|
|
2,154.3 |
|
|
|
172.6 |
|
|
|
71.8 |
|
|
|
77.5 |
|
|
|
2,476.2 |
|
|
|
2,016.0 |
|
|
|
172.3 |
|
|
|
77.5 |
|
|
|
76.2 |
|
|
|
2,342.0 |
|
APME |
|
|
1,304.5 |
|
|
|
174.3 |
|
|
|
36.3 |
|
|
|
29.0 |
|
|
|
1,544.1 |
|
|
|
1,267.4 |
|
|
|
187.6 |
|
|
|
37.8 |
|
|
|
29.4 |
|
|
|
1,522.2 |
|
|
|
|
12,635.2 |
|
|
|
904.9 |
|
|
|
343.8 |
|
|
|
348.9 |
|
|
|
14,232.8 |
|
|
|
11,696.3 |
|
|
|
881.7 |
|
|
|
336.0 |
|
|
|
354.4 |
|
|
|
13,268.4 |
|
Intercompany Eliminations |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(22.2 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(24.4 |
) |
Total |
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
14,210.6 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
13,244.0 |
|
In the following tables, revenue is disaggregated by timing of revenue recognition for each of our reportable segments:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended September 30, |
|
|
|
2026 |
|
|
2025 |
|
|
|
Services
transferred
over time |
|
|
Services
transferred
at a point
in time |
|
|
Total |
|
|
Services
transferred
over time |
|
|
Services
transferred
at a point
in time |
|
|
Total |
|
Americas: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
United States |
|
$ |
714.4 |
|
|
$ |
14.4 |
|
|
$ |
728.8 |
|
|
$ |
676.6 |
|
|
$ |
14.2 |
|
|
$ |
690.8 |
|
Other Americas |
|
|
510.3 |
|
|
|
7.6 |
|
|
|
517.9 |
|
|
|
402.9 |
|
|
|
5.0 |
|
|
|
407.9 |
|
|
|
|
1,224.7 |
|
|
|
22.0 |
|
|
|
1,246.7 |
|
|
|
1,079.5 |
|
|
|
19.2 |
|
|
|
1,098.7 |
|
Southern Europe: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
France |
|
|
1,125.6 |
|
|
|
7.3 |
|
|
|
1,132.9 |
|
|
|
1,164.3 |
|
|
|
9.2 |
|
|
|
1,173.5 |
|
Italy |
|
|
473.2 |
|
|
|
9.9 |
|
|
|
483.1 |
|
|
|
452.2 |
|
|
|
10.3 |
|
|
|
462.5 |
|
Other Southern Europe |
|
|
599.1 |
|
|
|
12.8 |
|
|
|
611.9 |
|
|
|
558.9 |
|
|
|
10.6 |
|
|
|
569.5 |
|
|
|
|
2,197.9 |
|
|
|
30.0 |
|
|
|
2,227.9 |
|
|
|
2,175.4 |
|
|
|
30.1 |
|
|
|
2,205.5 |
|
Northern Europe |
|
|
844.9 |
|
|
|
15.7 |
|
|
|
860.6 |
|
|
|
799.2 |
|
|
|
17.6 |
|
|
|
816.8 |
|
APME |
|
|
504.8 |
|
|
|
10.1 |
|
|
|
514.9 |
|
|
|
509.4 |
|
|
|
11.1 |
|
|
|
520.5 |
|
|
|
|
4,772.3 |
|
|
|
77.8 |
|
|
|
4,850.1 |
|
|
|
4,563.5 |
|
|
|
78.0 |
|
|
|
4,641.5 |
|
Intercompany Eliminations |
|
|
|
|
|
|
|
|
(10.1 |
) |
|
|
|
|
|
|
|
|
(7.1 |
) |
Total |
|
|
|
|
|
|
|
$ |
4,840.0 |
|
|
|
|
|
|
|
|
$ |
4,634.4 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Nine Months Ended September 30, |
|
|
|
2026 |
|
|
2025 |
|
|
|
Services
transferred
over time |
|
|
Services
transferred
at a point
in time |
|
|
Total |
|
|
Services
transferred
over time |
|
|
Services
transferred
at a point
in time |
|
|
Total |
|
Americas: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
United States |
|
$ |
2,055.3 |
|
|
$ |
42.7 |
|
|
$ |
2,098.0 |
|
|
$ |
2,010.4 |
|
|
$ |
43.3 |
|
|
$ |
2,053.7 |
|
Other Americas |
|
|
1,454.2 |
|
|
|
22.4 |
|
|
|
1,476.6 |
|
|
|
1,147.1 |
|
|
|
14.6 |
|
|
|
1,161.7 |
|
|
|
|
3,509.5 |
|
|
|
65.1 |
|
|
|
3,574.6 |
|
|
|
3,157.5 |
|
|
|
57.9 |
|
|
|
3,215.4 |
|
Southern Europe: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
France |
|
|
3,351.8 |
|
|
|
27.3 |
|
|
|
3,379.1 |
|
|
|
3,258.5 |
|
|
|
30.0 |
|
|
|
3,288.5 |
|
Italy |
|
|
1,443.9 |
|
|
|
35.8 |
|
|
|
1,479.7 |
|
|
|
1,302.7 |
|
|
|
33.5 |
|
|
|
1,336.2 |
|
Other Southern Europe |
|
|
1,739.9 |
|
|
|
39.2 |
|
|
|
1,779.1 |
|
|
|
1,531.6 |
|
|
|
32.5 |
|
|
|
1,564.1 |
|
|
|
|
6,535.6 |
|
|
|
102.3 |
|
|
|
6,637.9 |
|
|
|
6,092.8 |
|
|
|
96.0 |
|
|
|
6,188.8 |
|
Northern Europe |
|
|
2,427.0 |
|
|
|
49.2 |
|
|
|
2,476.2 |
|
|
|
2,283.3 |
|
|
|
58.7 |
|
|
|
2,342.0 |
|
APME |
|
|
1,512.8 |
|
|
|
31.3 |
|
|
|
1,544.1 |
|
|
|
1,489.5 |
|
|
|
32.7 |
|
|
|
1,522.2 |
|
|
|
|
13,984.9 |
|
|
|
247.9 |
|
|
|
14,232.8 |
|
|
|
13,023.1 |
|
|
|
245.3 |
|
|
|
13,268.4 |
|
Intercompany Eliminations |
|
|
|
|
|
|
|
|
(22.2 |
) |
|
|
|
|
|
|
|
|
(24.4 |
) |
Total |
|
|
|
|
|
|
|
$ |
14,210.6 |
|
|
|
|
|
|
|
|
$ |
13,244.0 |
|
|