Heidrick & Struggles Reports Q3 Revenue of $322.8 Million and Net Income of $17.6 Million
Heidrick & Struggles International Inc. reported net revenue of $322.8 million for the third quarter ended September 30, 2025, an increase of 15.9% from $278.6 million in the same period of 2024. Net income for the quarter was $17.6 million, up from $14.8 million a year earlier, with diluted earnings per share rising to $0.83 from $0.71. Adjusted EBITDA was $34.2 million, a 12.6% increase from $30.4 million in the third quarter of 2024, with an adjusted EBITDA margin of 10.6%. Revenue growth was recorded across all lines of business: Executive Search net revenue rose 17.0% to $239.1 million, On-Demand Talent net revenue increased to $50.9 million from $46.2 million, and Heidrick Consulting net revenue grew to $32.8 million from $27.9 million. The company's Board of Directors declared a $0.15 per share cash dividend. Heidrick & Struggles also announced it had entered into a definitive agreement for a take private transaction.
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