Company: KELYB
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0000055135-25-000052
Chunk: 8

Company: KELLY SERVICES INC
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 1
Chunk 8
---
 $442.2 $222.6 $18.7 $2,103.6 Intersegment(1.0)Total Revenue from Services$2,102.6 

13 

KELLY SERVICES, INC. AND SUBSIDIARIESNOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued)(UNAUDITED)

Revenue Disaggregated by GeographyThe Company's operations are subject to different economic and regulatory environments depending on geographic location.  The Company's Education segment operates in the Americas region, the SET segment operates in the Americas and Europe regions, and the ETM segment operates in the Americas, Europe and Asia-Pacific regions.The table below presents the Company's revenues disaggregated by geography (in millions of dollars):Second QuarterJune Year-to-Date 2025202420252024AmericasUnited States$986.9 $944.2 $2,043.5 $1,877.8 Other86.2 90.0 169.5 179.2 Total Americas Region1,073.1 1,034.2 2,213.0 2,057.0 Total Europe Region11.9 10.8 21.5 21.6 Total Asia-Pacific Region16.8 12.5 32.2 24.0 Total Kelly Services, Inc.$1,101.8 $1,057.5 $2,266.7 $2,102.6 Deferred Costs

Deferred fulfillment costs, which are included in prepaid expenses and other current assets in the consolidated balance sheet, were $0.1 million as of second quarter-end 2025 and $1.8 million as of year-end 2024.  Amortization expense for the deferred costs in the second quarter and June year-to-date 2025 was $0.6 million and $1.8 million, respectively. Amortization expense for the deferred costs in the second quarter and June year-to-date 2024 was $1.7 million and $4.1 million, respectively. 

14 

KELLY SERVICES, INC. AND SUBSIDIARIESNOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued)(UNAUDITED)

3. Credit LossesThe rollforward of the Company's allowance for credit losses related to trade accounts receivable, which is recorded in trade accounts receivable, less allowance in the consolidated balance sheet