Michael Page, one of the United Kingdom’s largest recruitment firms, reported a rise in gross profit for the first time since 2022, driven by robust hiring activity in Asia and the US construction sector. The London-listed company posted a gross profit of £190.5 million for the three months ending in September, marking a 1.5 percent increase compared to the same period last year.

This marks the group’s first quarter of growth following 14 consecutive quarters of decline, largely attributed to a weak European jobs market. Europe accounts for approximately 60 percent of Michael Page’s business and continues to experience a prolonged downturn in hiring due to rising costs, sluggish economic growth, and political uncertainty. The region’s margins further contracted during the quarter.

In 2025, Michael Page reported pre-tax profits of £16.2 million, a 92 percent decrease from the £194.4 million recorded in 2022. The profit decline last year led the company to reduce its workforce by over 200 employees. Facing challenges in Europe, Michael Page shifted its strategy to focus on markets in the United States, Japan, and India, where it has been steadily increasing its headcount.

This shift has yielded positive results, with profits in the Asia Pacific and Americas regions growing by 13.3 percent and 12.8 percent respectively compared to the previous year. Additionally, Page Executive, the group’s division focused on senior-level recruitment, expanded its share of total business and achieved 15 percent growth during the quarter.

Founded in London in 1976, Michael Page specializes in recruitment services for sectors including accounting and finance. The company employs 6,604 people worldwide. Nicholas Kirk, the chief executive, stated that the firm expects its operating profit for 2026 to align with market consensus at around £29 million.

Despite the recent profit growth, the company’s shares have experienced a significant decline over the past five years, dropping approximately 69 percent. In the latest trading session, shares closed at 192¼ pence, down by 1.75 pence, or about 0.8 percent.