Robert Walters
Logotype for Robert Walters plc

Robert Walters (RWA) investor relations material

Robert Walters Q4 2025 TU earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Logotype for Robert Walters plc
Q4 2025 TU earnings summary15 Jan, 2026

Executive summary

  • Q4 net fee income declined 14% year-on-year, with stable sequential performance and increasing geographic divergence; UK and Spain saw strong growth, while Northern Europe and Asia-Pacific faced headwinds.

  • Specialist recruitment accounted for 82% of group fees, with recruitment outsourcing at 18%; early stage talent advisory nearly doubled net fee income year-on-year.

  • Recruitment outsourcing was impacted by client churn, but retained clients were more resilient, down just 5% for the year.

Financial highlights

  • Q4 Group net fee income was £64.5m, down 15% (14% in constant currency) from £75.5m in Q4 2024; full-year 2025 Group NFI was £274.1m, down 15% (14% in constant currency) from £321.4m in 2024.

  • Group productivity (net fee income per fee earner) rose 3% year-on-year.

  • Fee earner headcount reduced by 5% quarter-on-quarter, ending the year at 1,679; total staff just under 2,900.

  • Cost base run rate exited the year below £24 million, down from £25–26 million a year ago.

  • Net cash at year-end was £26.2 million, in line with prior guidance.

Outlook and guidance

  • 2026 group net fee income expected to be slightly below 2025, with a modest range of outcomes possible due to ongoing market uncertainty.

  • Focus remains on further cost reduction, portfolio management, and driving fee earner productivity.

  • Recovery anticipated to be gradual and market-specific, not driven by a single global event.

Cost savings plan beyond GBS hubs
Future of underperforming Northern Europe markets?
Recruitment outsourcing growth drivers for 2026?
How does AI reshape consultant roles and client value?
What specific portfolio actions target market divergence?
Detail structural cost savings beyond headcount.
Partial view of Summaries dataset, powered by Quartr API
Research faster. Power your platform.

Next Robert Walters earnings date

Logotype for Robert Walters plc
H2 202511 Mar, 2026
Robert Walters
Your earnings 
season toolkit.
Download
Free on both iOS & Android.

Next Robert Walters earnings date

Logotype for Robert Walters plc
H2 202511 Mar, 2026

The essential earnings season companion

The #1 app for qualitative research. Live earnings calls, AI chat, transcripts, and more. All for free.

Live calls and transcripts

Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.

Find what you need faster

Search for any keyword across all transcripts simultaneously.

Easily store key findings

Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.

Your watchlist. Your dashboard.

Follow the companies that matter to you. Get a personalized feed with real-time updates.

Be the first to know

Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.

Consensus estimates

Access analyst consensus estimates, valuation multiples, and revenue segments splits.

All IR material in one place

The easiest way to stay updated during earnings season.

Global coverage

All events from public companies. Live and recorded.

Just click and listen

No webcast links. No manual registrations.

Research anytime, anywhere

Built for professionals. Loved by everyone. Try our free mobile app.

excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
App-store-avatar.png play-store-avatar.png
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
play-store-avatar
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
App-store-avatar.png play-store-avatar.png
anuj283App Store
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
App-store-avatar.png play-store-avatar.png
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
play-store-avatar
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
App-store-avatar.png play-store-avatar.png
anuj283App Store
I can't remember the last time an app had such a positive impact on my investment process.
x-avatar
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
App-store-avatar.png play-store-avatar.png
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
x-avatar
@theshortbearx.com
I can't remember the last time an app had such a positive impact on my investment process.
x-avatar
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
App-store-avatar.png play-store-avatar.png
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
x-avatar
@theshortbearx.com

Frequently asked questions

Robert Walters Plc, together with its subsidiaries, provides professional recruitment consultancy services worldwide. The company offers permanent, contract and interim recruitment services in the fields of accounting and finance, banking and financial services, engineering, human resources, information technology, legal, sales and marketing, secretarial and support and supply chain; it also provides staffing and recruitment process outsourcing as well as managed services.

Quartr provides global coverage of all investor relation material from public companies.

  • Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.

  • Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.

  • Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.

Yes, the Quartr mobile app is free on both iOS and Android.

Yes. Quartr provides global, industry-leading live coverage of company events such as regular earnings calls, capital markets days, M&A announcements, and investor conferences. Live with zero delays. Just click and listen.

Yes, capturing important takeaways is as simple as it gets. Even during your lunch run or commute.

Yes. Follow the companies that matter to you. Get a personalized feed with real-time updates, a tailored earnings calendar, and instant alerts when earnings calls go live.

Yes. Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned, regardless of who's talking.

Explore our global coverage