CBIZ (CBZ) Q3 2026 earnings summary

Executive summary

• Q3 revenue was $702.2M, up 1.2% YoY; net income reached $47.2M, up 56.7%, and adjusted EBITDA was $131.9M, up 6.3%.

• For 9M, revenue rose 0.8% to $2.23B and net income increased 12.2% to $218.6M; adjusted EBITDA declined 1.2% to $479.3M.

Financial highlights

• Q3 GAAP diluted EPS was $0.79, up 64.6% YoY; adjusted diluted EPS was $1.21, up 14.2%.

• 9M GAAP diluted EPS was $3.62, up 18.3% YoY; adjusted diluted EPS was $4.64, up 5.9%.

• Q3 operating income was $90.2M vs. $58.9M; 9M operating income was $308.8M vs. $319.2M.

• 9M operating cash flow was $147.1M vs. $48.8M; free cash flow was $125.2M vs. $33.8M.

Outlook and guidance

• Full-year 2026 guidance and a Q3 results conference call were not planned due to the proposed transaction.

• The proposed all-cash transaction was expected to close in Q4 2026, subject to shareholder and regulatory approvals and customary closing conditions.