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Home > Finance > PageGroup's quarterly profit beats forecasts as hiring in US, China improve

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PageGroup's quarterly profit beats forecasts as hiring in US, China improve

Published by Global Banking and Finance Review

Posted on January 13, 2026

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Tags:Recruitment Financial performance investment economic growth

PageGroup Reports Smaller Profit Decline as US and China Hiring Improves

PageGroup's Financial Performance and Market Outlook

Jan 13 (Reuters) - PageGroup on Tuesday posted a smaller-than-expected 4.6% drop in fourth-quarter profit at constant currency, as hiring growth in the U.S. and a recovery in activity in China helped offset prolonged weak hiring in its key European markets.

Hiring Trends in the US

Over the past year, weak business confidence and macroeconomic uncertainty have led businesses globally to scale back hiring, with recruiters struggling as firms delay new appointments and candidates remain reluctant to switch jobs.

Recovery in China

In the reported quarter, China saw its first quarterly growth since 2022, as candidates and clients became more confident in closing deals. Meanwhile, U.S. profits grew 5%, driven by strong demand for construction hiring.

Overall Market Expectations

The British recruiter expects operating profit for the year ended December 31 to be in line with market expectations of 21.1 million pounds ($28.41 million), representing nearly a 60% year-on-year decline.

PageGroup, which focuses on hiring white-collar roles, reported a gross profit of 190.7 million pounds, above analysts' expectations of 189.4 million pounds, according to a company-compiled consensus.

($1 = 0.7427 pounds)

(Reporting by Nithyashree R B in Bengaluru; Editing by Rashmi Aich)

Frequently Asked Questions about PageGroup's quarterly profit beats forecasts as hiring in US, China improve

1What is gross profit?

Gross profit is the revenue from sales minus the cost of goods sold. It indicates how efficiently a company is producing its goods.

2What are market trends?

Market trends are the general directions in which a market is moving, often influenced by economic factors, consumer behavior, and industry developments.

3What is economic growth?

Economic growth refers to the increase in the production of goods and services in an economy over a period of time, often measured by GDP.

4What is investment?

Investment is the allocation of resources, usually money, to generate income or profit. It can involve purchasing assets like stocks, bonds, or real estate.