--- title: "Kelly Services | 10-K: FY2025 Revenue: USD 4.251 B" type: "News" locale: "zh-CN" url: "https://longbridge.com/zh-CN/news/275810974.md" datetime: "2026-02-12T21:32:50.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/275810974.md) - [en](https://longbridge.com/en/news/275810974.md) - [zh-HK](https://longbridge.com/zh-HK/news/275810974.md) --- > 支持的语言: [English](https://longbridge.com/en/news/275810974.md) | [繁體中文](https://longbridge.com/zh-HK/news/275810974.md) # Kelly Services | 10-K: FY2025 Revenue: USD 4.251 B Revenue: As of FY2025, the actual value is USD 4.251 B. EPS: As of FY2025, the actual value is USD -7.24. EBIT: As of FY2025, the actual value is USD -69.8 M. ### Overall Company Performance (2025 vs. 2024) - **Gross Profit**: Decreased by 3.4% to $853.0 million in 2025 from $882.6 million in 2024. Excluding the impact of acquisitions, gross profit decreased by 9.7%. - **Gross Profit Rate**: Decreased by 0.3 percentage points to 20.1% in 2025 from 20.4% in 2024. Excluding the acquisition, the gross profit rate declined by 0.7 percentage points. - **Selling, General & Administrative (SG&A) Expenses (excluding integration, realignment, restructuring charges, and depreciation and amortization)**: Decreased by 0.5% to $747.1 million in 2025 from $750.8 million in 2024. - **Integration, Realignment and Restructuring Charges**: Increased by 72.7% to $27.8 million in 2025 from $16.1 million in 2024. - **Total SG&A Expenses (excluding depreciation and amortization)**: Increased by 1.0% to $774.9 million in 2025 from $766.9 million in 2024. Excluding the impact of acquisitions, these expenses decreased by 4.8%. - **Total SG&A Expenses**: Increased by 0.9% to $825.9 million in 2025 from $818.4 million in 2024. - **Goodwill Impairment Charge**: Increased by 40.1% to $102.0 million in 2025 from $72.8 million in 2024. - **Asset Impairment Charge**: Was $0 million in 2025 compared to $13.5 million in 2024. - **Gain on Sale of EMEA Staffing Operations**: Increased to $4.1 million in 2025 from $1.6 million in 2024. - **Gain on Sale of Assets**: Decreased to $1.0 million in 2025 from $5.4 million in 2024. - **Earnings (Loss) from Operations**: Decreased by 362.3% to -$69.8 million in 2025 from -$15.1 million in 2024. - **Other Income (Expense), Net**: Decreased by 32.4% to -$9.0 million in 2025 from -$6.8 million in 2024. - **Earnings (Loss) before Taxes**: Decreased by 259.8% to -$78.8 million in 2025 from -$21.9 million in 2024. - **Income Tax Expense (Benefit)**: Was $175.3 million in 2025 compared to a benefit of -$21.3 million in 2024. - **Net Earnings (Loss)**: Decreased significantly to -$254.1 million in 2025 from -$0.6 million in 2024. ### Segmented Performance (2025 vs. 2024) #### Enterprise Talent Management (ETM) - **Revenue from Services**: Decreased by 8.7% to $2,005.5 million from $2,196.1 million. Excluding the impact of acquisitions, revenue decreased by 9.1%. - Staffing services (excluding acquisition) decreased by 11.7%. - Outcome-based services (excluding acquisition) decreased by 12.1%. - Talent solutions (excluding acquisition) increased by 1.1%. - **Gross Profit**: Decreased by 11.7% to $392.8 million from $444.9 million. - **Gross Profit Rate**: Decreased by 0.7 percentage points to 19.6% from 20.3%. - **SG&A Expenses (excluding depreciation and amortization)**: Decreased by 3.3% to $373.0 million from $385.9 million. Excluding acquisitions, expenses decreased by 4.5%. - **Business Unit Profit (Loss)**: Decreased by 66.4% to $19.8 million from $59.0 million. #### Science, Engineering & Technology (SET) - **Revenue from Services**: Increased by 6.4% to $1,240.4 million from $1,165.7 million. Excluding the impact of acquisitions, revenue decreased by 9.3%. - Outcome-based services (excluding acquisition) decreased by 5.5%. - Permanent placement fees decreased due to lower market demand. - **Gross Profit**: Increased by 5.1% to $313.2 million from $297.9 million. - **Gross Profit Rate**: Decreased by 0.3 percentage points to 25.3% from 25.6%. - **SG&A Expenses (excluding depreciation and amortization)**: Increased by 9.0% to $247.1 million from $226.7 million. Excluding acquisitions, expenses decreased by 6.5%. - **Business Unit Profit (Loss)**: Changed to a loss of -$35.9 million from a loss of -$1.6 million. #### Education - **Revenue from Services**: Increased by 3.9% to $1,010.7 million from $972.3 million. - **Gross Profit**: Increased by 5.2% to $147.0 million from $139.8 million. - **Gross Profit Rate**: Increased by 0.1 percentage points to 14.5% from 14.4%. - **SG&A Expenses (excluding depreciation and amortization)**: Increased by 5.3% to $101.0 million from $95.9 million. - **Business Unit Profit (Loss)**: Increased by 4.8% to $46.0 million from $43.9 million. #### International - **Revenue from Services**: Was $0 million in both 2025 and 2024 due to the sale of EMEA staffing operations in January 2024. - **Gross Profit**: Was $0 million in both 2025 and 2024. ### Other Key Financial Metrics - **Operating Cash Flow**: Generated $122.6 million in 2025, compared to $26.9 million in 2024. - **Investing Activities Cash Flow**: Generated $22.3 million in 2025, compared to using -$361.6 million in 2024. - **Financing Activities Cash Flow**: Used -$161.1 million in 2025, compared to generating $214.8 million in 2024. - **Days Sales Outstanding (DSO)**: Was 61 days as of December 28, 2025, compared to 59 days as of December 29, 2024. - **Working Capital Position**: Decreased to $446.5 million at year-end 2025 from $539.0 million at year-end 2024. - **Debt-to-Total Capital Ratio**: Decreased to 9.4% at year-end 2025 from 16.2% at year-end 2024. - **Share Repurchase Program**: Kelly Services, Inc. repurchased $10.0 million of Class A common stock in 2025, with $30.0 million remaining available under the program as of year-end 2025. ### Outlook Kelly Services, Inc. anticipates continued improvement in its growth prospects and financial profile through 2026 and beyond, driven by structural cost actions, operating model simplification, acquisition integration, and portfolio reshaping. The company plans to meet its short-term and long-term cash requirements through operating activities, available cash, and credit facilities. Kelly Services, Inc. believes its liquidity will be sufficient to cover anticipated cash needs for normal operating purposes. ### 相关股票 - [Kelly Services (KELYA.US)](https://longbridge.com/zh-CN/quote/KELYA.US.md) ## 相关资讯与研究 - [Christopher Layden Acquires 10,100 Shares of Kelly Services (NASDAQ:KELYA) Stock](https://longbridge.com/zh-CN/news/280613815.md) - [Ethan Allen CEO on Tariffs, 'Cautious' Consumers](https://longbridge.com/zh-CN/news/281578367.md) - [A holiday across much of Asia, but Japan is open. 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