CBIZ (NYSE:CBZ) Posts Quarterly Earnings Results, Misses Expectations By $0.04 EPS

CBIZ (NYSE:CBZ) posted its quarterly earnings results on Wednesday. The business services provider reported ($0.70) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.66) by ($0.04), FiscalAI reports. The firm had revenue of $542.66 million for the quarter, compared to analyst estimates of $578.02 million. CBIZ had a net margin of 3.89% and a return on equity of 14.00%. The business’s revenue was up 17.9% on a year-over-year basis. During the same period in the prior year, the company posted ($0.20) earnings per share. CBIZ updated its FY 2026 guidance to 3.750-3.850 EPS.

Here are the key takeaways from CBIZ’s conference call:

• CBIZ says the Marcum integration is largely complete, reporting synergies roughly double initial expectations (about $35 million realized in 2025) and improved operating alignment across people, systems, and go-to-market teams.
• 2026 guidance calls for revenue of $2.8B–$2.9B (2%–5% organic growth) and Adjusted EBITDA of $450M–$460M, with the range driven by macro/project-based activity that affects advisory work.
• Management expects materially higher free cash flow ($270M–$290M in 2026) and is prioritizing deleveraging (target net leverage 2.0–2.5x) while continuing disciplined share repurchases (2.4M shares/$160M repurchased in 2025; board authorized up to 5M additional shares).
• CBIZ is accelerating technology, AI, and offshoring initiatives—over 60 dedicated tech/AI professionals, plans to raise offshore hours from ~6% (2025) to ~10% (2026) and >20% over time—to drive productivity, margin expansion, and new advisory services.
• Incentive compensation funding is tied to top-line performance and could re‑fill at target levels if growth reaches the high end, creating an estimated $60M–$70M headwind to Adjusted EBITDA in 2026.

CBIZ Trading Down 2.3%

Shares of NYSE:CBZ opened at $27.14 on Thursday. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 0.80. The company’s 50-day moving average price is $42.93 and its 200 day moving average price is $50.98. The company has a market cap of $1.48 billion, a PE ratio of 17.86 and a beta of 0.92. CBIZ has a fifty-two week low of $26.97 and a fifty-two week high of $90.13.

Insider Activity

In related news, Director Benaree Pratt Wiley sold 8,288 shares of the firm’s stock in a transaction that occurred on Tuesday, December 2nd. The shares were sold at an average price of $49.54, for a total transaction of $410,587.52. Following the transaction, the director owned 35,956 shares in the company, valued at $1,781,260.24. This trade represents a 18.73% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 4.95% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Caitong International Asset Management Co. Ltd raised its position in CBIZ by 377.8% in the third quarter. Caitong International Asset Management Co. Ltd now owns 559 shares of the business services provider’s stock worth $30,000 after acquiring an additional 442 shares in the last quarter. Strategic Wealth Investment Group LLC acquired a new stake in CBIZ during the 2nd quarter worth about $37,000. Danske Bank A S purchased a new stake in CBIZ during the third quarter valued at about $42,000. EverSource Wealth Advisors LLC boosted its holdings in shares of CBIZ by 165.4% in the second quarter. EverSource Wealth Advisors LLC now owns 722 shares of the business services provider’s stock worth $52,000 after buying an additional 450 shares during the period. Finally, Johnson Financial Group Inc. purchased a new position in shares of CBIZ in the third quarter worth approximately $53,000. Institutional investors own 87.44% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on CBZ shares. Deutsche Bank Aktiengesellschaft assumed coverage on shares of CBIZ in a report on Monday, January 12th. They issued a “hold” rating and a $60.00 price target for the company. Weiss Ratings restated a “sell (d+)” rating on shares of CBIZ in a research note on Wednesday, January 21st. Finally, CJS Securities raised CBIZ to a “strong-buy” rating in a report on Thursday, December 11th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $60.00.

CBIZ Company Profile

CBIZ, Inc (NYSE: CBZ), founded in 1996 and headquartered in Cleveland, Ohio, is a leading provider of professional business services in the United States. Since its inception, the company has grown through both organic expansion and strategic acquisitions to deliver a broad spectrum of financial, tax and advisory solutions tailored to the needs of small to mid-market organizations.

Through its Financial & Advisory Services segment, CBIZ offers accounting, tax preparation and compliance, audit support, and wealth management services.