Barrett Business Services
Runs payroll, HR, benefits, workers' compensation, consulting, and staffing support for U.S. employers.
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Profile
Provides PEO and staffing services for small and midsize U.S. employers, bundling payroll, HR, benefits, workers' compensation, risk management, recruiting, and local business consulting. Revenue comes mainly from co-employment relationships, with operations entirely in the United States and heavily tied to California.
Provides professional employer services and staffing for small and midsize employers. The PEO model creates co-employment arrangements in which BBSI handles payroll, payroll taxes, HR administration, selected benefits, workers' compensation, and risk and safety programs, while clients keep workplace control and hiring authority.
Operates entirely in the United States through a decentralized local-market structure. Service teams combine business consulting with HR outsourcing tools, including the myBBSI platform, retirement plans, learning management, talent acquisition, and short-term or contract staffing.
Reports through a single segment, with revenue mainly from PEO service fees rather than direct client wage payments. California is the largest operating concentration, and margins depend on pricing and managing workers' compensation, benefits, labor-market, and state regulatory conditions.
Company facts
Key statistics
Year to date −5.5% · Average volume (30d) 250.8K
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Aug 6, 2026 | Barrington | Target | $46 | $44 | ||
| Aug 6, 2026 | Roth Capital | Downgrade | Buy | Neutral | $38 | |
| Aug 6, 2026 | Macquarie | Downgrade | Underperform | $38 | ||
| Nov 6, 2025 | Barrington | Target | $46 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 5, 2026Q2 FY26 | $0.56 | $0.52 | −6.3% | $321.6M | $319.3M | −0.7% | −17.50% |
| May 6, 2026Q1 FY26 | −$0.15 | −$0.13 | +13.3% | $306.7M | $307.0M | +0.1% | +1.56% |
| Feb 25, 2026Q4 FY25 | $0.64 | $0.64 | 0.0% | $326.2M | $321.1M | −1.6% | −14.74% |
| Nov 5, 2025Q3 FY25 | $0.81 | $0.79 | −2.5% | $323.4M | $318.9M | −1.4% | −14.17% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $292.6M | $307.7M | $318.9M | $321.1M | $307.0M | $319.3M | |
| Gross profit | $42.6M | $73.3M | $76.8M | $68.3M | $41.0M | $64.9M | |
| Operating income | −$4.2M | $23.0M | $24.8M | $18.5M | −$6.5M | $15.4M | |
| Net income | −$1.0M | $18.5M | $20.6M | $16.4M | −$14.8M | $12.9M | |
| Diluted EPS | −$0.04 | $0.70 | $0.79 | $0.64 | −$0.59 | $0.52 | |
| Gross margin | 14.6% | 23.8% | 24.1% | 21.3% | 13.4% | 20.3% | |
| Operating margin | -1.4% | 7.5% | 7.8% | 5.8% | -2.1% | 4.8% |
Fiscal years (4-quarter sums)FY21 $955.2M · FY22 $1.05B · FY23 $1.07B · FY24 $1.14B · FY25 $1.24B
Revenue by product · Q2 FY26
Balance sheet, Jun 30, 2026Cash & short-term investments $67.9M · Total debt $24.5M · Total assets $711.3M · Shareholders' equity $203.8M
Dividends
Raised for 18 straight years — most recently to $0.08 from $0.075 split-adjusted in Aug 2024. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Aug 21, 2026 | Aug 21 | Sep 4 | $0.08 | |
| May 22, 2026 | May 22 | Jun 5 | $0.08 | |
| Mar 13, 2026 | Mar 13 | Mar 27 | $0.08 | |
| Nov 21, 2025 | Nov 21 | Dec 5 | $0.08 | |
| Aug 22, 2025 | Aug 22 | Sep 5 | $0.08 | |
| May 23, 2025 | May 23 | Jun 6 | $0.08 | |
| Mar 14, 2025 | Mar 14 | Mar 28 | $0.08 | |
| Nov 22, 2024 | Nov 22 | Dec 6 | $0.08 |
Ownership
Shares outstanding 24.56M · Float 23.53M · 95.8% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 2.05M | 8.34% | 13F | Aug 7, 2026 |
| Thrivent Financial for Lutherans | 1.71M | 6.95% | 13F | Aug 14, 2026 |
| Royce & Associates LP | 1.30M | 5.27% | 13F | Aug 14, 2026 |
| Private Capital Management, LLC | 1.26M | 5.13% | 13G | Jul 6, 2026 |
| Mawer Investment Management Ltd. | 1.23M | 5.01% | 13F | Aug 7, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Jul 2, 2026 | Anthony Meeker | director | −12,000 | $37.85 |
| Jul 7, 2026 | James R. Potts | officer: EVP Gen Counsel & Secretary | −3,490 | $38.00 |
| Jul 6, 2026 | James R. Potts | officer: EVP Gen Counsel & Secretary | −3,487 | $37.55 |
| Jul 2, 2026 | James R. Potts | officer: EVP Gen Counsel & Secretary | −1,802 | $38.00 |
| May 13, 2026 | Mark Steven Finn | director | +1,000 | $28.60 |
Peers
- Paychex
Broad SMB payroll, HR, PEO, and insurance overlap
- ADP
Broad payroll, HCM, and large-scale PEO overlap
- TriNet Group
Direct co-employment PEO and SMB HR platform peer
- Insperity
PEO HR outsourcing peer with payroll, benefits, and risk overlap
- Robert Half
Specialized staffing and permanent-placement overlap
- ManpowerGroup
Global staffing, recruitment, MSP, and workforce consulting overlap
- Kelly Services
Specialty staffing, outsourcing, and payroll-process overlap
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Barrett Business Services | $34.37 | −0.04% | $844.1M | 25.3 | 18.8 | 0.7 | +3.8% |
| Paychex | $127.04 | +0.02% | $45.19B | 26.0 | 21.3 | 6.9 | +12.5% |
| ADP | $286.34 | −0.36% | $114.92B | 26.3 | 23.4 | 5.2 | +6.8% |
| TriNet Group | $70.27 | +0.01% | $3.23B | 18.8 | 16.6 | 0.7 | −4.9% |
| Insperity | $53.54 | +0.03% | $2.04B | — | 22.1 | 0.3 | +1.7% |
| Robert Half | $45.31 | +0.04% | $4.63B | 39.4 | 28.0 | 0.9 | −2.4% |
| ManpowerGroup | $62.35 | −0.06% | $2.90B | 28.2 | 15.3 | 0.2 | +7.5% |
| Kelly Services | $17.28 | +0.06% | $599.1M | — | 11.3 | 0.1 | −5.6% |
| Median | 26.3 | 21.3 | 0.7 | +1.7% |