Caldwell Posts 3.2 Percent Increase in Q3 Revenues
July 10, 2026 – Caldwell posted third-quarter revenues of $28.8 million (Canadian), an increase of 3.2 percent from $27.9 million a year ago. Consolidated professional fees rose three percent to $28.6 million, while operating profit increased 34 percent to $2.5 million from $1.8 million. Net earnings after tax climbed to $1.6 million from $841,000 in the prior-year period.
“Our third quarter results reflect continued growth in consolidated revenue and improved profitability,” said Chris Beck, CEO. “Professional fees increased three percent ear over year to $28.6 million, while operating profit increased 34 percent to $2.5 million and net earnings rose to $1.6 million.”
For the first nine months of fiscal 2026, Caldwell reported revenues of $85.4 million, up 17.9 percent from $72.4 million during the same period last year. Professional fees increased 18 percent to $84.7 million, while operating profit more than tripled to $4.1 million from $1.2 million. Net earnings after tax reached $2.2 million, compared with $1.1 million a year earlier.
“For the first nine months of fiscal 2026, professional fees increased 18 precent and operating profit more than tripled, reflecting the strength of our client relationships, the quality of our team and continued discipline in managing our cost structure,” Mr. Beck said.
Mr. Beck noted that hiring activity moderated toward the end of the quarter compared with stronger market conditions a year earlier. “Geopolitical and economic uncertainty, particularly in certain international markets, has contributed to a more cautious hiring environment,” he said. “Even so, search activity remains healthy, and we continue to see opportunities across sectors and geographies.”
Caldwell’s board of directors also approved a 50 percent increase in the company’s quarterly dividend, declaring a dividend of $0.015 per common share. The dividend is payable to shareholders of record as of July 20 and is scheduled to be paid Sept. 14.
Related: Caldwell Expands Financial Services and Real Estate Practices
“We remain focused on execution with superior outcomes, supporting our clients through changing market conditions, recruiting high-performing partners who align with our culture, and continuing to build a platform that can deliver long-term value for clients and shareholders alike,” Mr. Beck said. “The dividend increase reflects the board’s confidence in the strength of our business, balance sheet and long-term strategy.”
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Caldwell Partners is a publicly traded talent acquisition firm headquartered in Toronto. Through Caldwell and IQTalent, the firm provides executive and board search, professional-level recruitment, research and sourcing, and talent strategy and assessment services. Caldwell’s shares trade on the Toronto Stock Exchange and the OTCQX market.
Recent Growth
Caldwell has also continued to expand its global platform and sector capabilities. The firm recently launched a sports and entertainment practice focused on organizations operating across sports, technology, media, entertainment, and investment. The practice is structured around Peter Anselmo and Garrick Respress and draws on Caldwell partners across technology, media and entertainment, consumer, infrastructure, and investment markets.
The firm has also expanded its financial services and real estate practices with the addition of Ben Sturnham as a partner in London and established a presence in Dubai as part of its continued international expansion.
Related: Caldwell Launches Academic Healthcare Practice
Contributed by Scott A. Scanlon, Editor-in-Chief and Dale M. Zupsansky, Executive Editor – Hunt Scanlon Media
