# Kelly Services, Inc. (KELYB)

> Source: Nexqual · https://nexqual.com/KELYB · data as of 2026-10-23 20:00 UTC · cite as "Nexqual, Kelly Services, Inc. (KELYB), nexqual.com/KELYB" · informational, not investment advice.

**Price:** USD 26 (+0.00% on the day) · last close of Oct 23, 2026; US market closed, not a live price. Prev close 26 · day 25.94–26 · 52w 8.38–125 · market cap $903M · NMS

## Key facts
- Last four reported quarters (through Jun 28, 2026): revenue $4.06B, net income -$273M (-6.7% margin), free cash flow $20.5M (SEC filings).
- Insider open-market sales, last ~7 months: 1 Form 4 filings, $293K; 1 not under a Rule 10b5-1 plan ($293K); 0 by opportunistic insiders, 0 by routine insiders (three-year test, Cohen, Malloy & Pomorski 2012).
- Analysts: None.
- Total return with dividends: 1Y +113.6% vs S&P 500 +13.4%; 5Y +53.4% vs S&P 500 +76.9%.
- Next earnings: 2026-11-05, EPS estimate USD —, revenue estimate $926M.

## Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $4.91B | $4.97B | $4.84B | $4.33B | $4.25B | $4.06B |
| Gross profit | $919M | $1.01B | $961M | $883M | $853M | — |
| Operating income | $48.6M | $14.8M | $24.3M | -$15.1M | -$69.8M | -$91.8M |
| Net income | $156M | -$62.5M | $36.4M | -$600K | -$254M | -$273M |
| EPS (diluted) | $3.91 | -$1.64 | $0.98 | -$0.02 | -$7.24 | — |
| Free cash flow | $73.8M | -$88.3M | $61.4M | $15.8M | $114M | $20.5M |
| Gross margin | 18.7% | 20.4% | 19.9% | 20.4% | 20.1% | — |
| Operating margin | 1.0% | 0.3% | 0.5% | -0.3% | -1.6% | -2.3% |
| Net margin | 3.2% | -1.3% | 0.8% | 0.0% | -6.0% | -6.7% |
| Revenue growth | +8.7% | +1.1% | -2.6% | -10.4% | -1.9% | — |
| Cash + short-term investments | $113M | $154M | $126M | $39.0M | $33.0M | — |
| Total debt | — | — | $0K | $239M | $102M | — |
Fiscal years end Dec. EPS is split-adjusted.

## Valuation (price ÷ last four quarters, through Jun 28, 2026)
P/S 0.2x · EV/Sales 0.2x · P/FCF 44.1x · P/B 0.9x · FCF yield 2.27% · Earnings yield -30.28% · Dividend yield (paid, TTM) 1.22% · Net debt $53.9M · EV $957M
P/E at fiscal year-ends: Dec 2023 21.6x.

## Insider sales (SEC Form 4, open-market, last ~7 months)
0 of 1 under a Rule 10b5-1 trading plan (scheduled in advance). Unplanned sales were timed by the insider.
| Trade date | Insider | Role | Shares | Value | % of holdings sold | 10b5-1 plan | Insider type |
|---|---|---|---|---|---|---|---|
| 2026-05-14 | Williams Vanessa Peterson | EVP, Gen Counsel & Corp Sec | 29,999 | $293K | 26.7% | No | Too little history (no open-market trades in 2023–2025) |
% of holdings sold = shares sold ÷ (shares sold + all holdings the insider reported on that Form 4, direct and through trusts).
Insider type follows Cohen, Malloy & Pomorski (Journal of Finance, 2012). An insider who traded the stock in the same calendar month in each of the past three years is a routine trader; one who traded in each of those years without such a pattern is an opportunistic trader. In their study, trades by opportunistic insiders predicted future returns and trades by routine insiders did not. Counts open-market purchases and sales only (SEC Form 4 codes P and S) by that insider in that company. Not investment advice.

## Analysts
Consensus None.

## Total return (dividends reinvested)
|  | 1Y (from 2025-10-24) | 5Y (from 2021-10-25) |
|---|---|---|
| Total return | +113.6% | +53.4% |
| S&P 500 (SPY) | +13.4% | +76.9% |
| Per year | +114.2% | +8.9% |
| Volatility (annualized) | 157.5% | 49.3% |
| Max drawdown | -67.0% (Feb 2026→Mar 2026) | -64.8% (Mar 2024→Dec 2025) |

## Peers (Staffing & Employment Services)
BBSI (Barrett Business Services, Inc.) USD 33.22 +1.25% · KFRC (Kforce, Inc.) USD 58.5 +9.02% · NSP (Insperity, Inc.) USD 54.44 +1.80% · MAN (ManpowerGroup) USD 47.53 +2.00% · TNET (TriNet Group, Inc.) USD 75.78 +1.55% · KFY (Korn Ferry) USD 78.3 +2.55%

## More
Full page: https://nexqual.com/KELYB · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt

## Revenue by business segment (quarter ended 2026-06-28)

| Line | Revenue | Share | YoY |
|---|---|---|---|
| Enterprise Talent Management | $485.5M | 46.8% | -6.0% |
| Science, Engineering & Technology | $301.6M | 29.1% | -6.1% |
| Education | $253.5M | 24.4% | -4.4% |
| Total revenue | $1.04B | 100% | — |

## Revenue by product line (fiscal year ended 2025-12-28)

| Line | Revenue | Share | YoY |
|---|---|---|---|
| Service | $4.25B | 100.0% | -1.9% |
| Staffing Services | $1.04B | 24.4% | -11.7% |
| Talent Solutions | $492.4M | 11.6% | +2.4% |
| Outcome-based Services | $466.1M | 11.0% | -12.1% |
| Permanent Placement | $8.9M | 0.2% | -9.2% |
| Total revenue | $4.25B | 100% | — |
The lines above cover 147.2% of total revenue.

## Revenue by region (quarter ended 2026-06-28)

| Line | Revenue | Share | YoY |
|---|---|---|---|
| Americas | $1.01B | 97.1% | -6.0% |
| — United States (part of Americas) | $932.7M | 89.8% | -5.5% |
| — Other (part of Americas) | $75.6M | 7.3% | -12.3% |
| Total Asia-Pacific Region | $16.5M | 1.6% | -1.8% |
| Total Europe Region | $13.4M | 1.3% | +12.6% |
| Total revenue | $1.04B | 100% | — |

## Analyst estimates and revisions

| Period | EPS est. | 90d ago | Change | Revenue est. | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends 2026-09-30) | — | — | — | $925.9M | — |
| Next quarter (ends 2026-12-31) | — | — | — | $1.10B | — |
| Current fiscal year (ends 2026-12-31) | — | — | — | $4.10B | — |
| Next fiscal year (ends 2027-12-31) | — | — | — | $4.25B | — |