CBIZ
Provides accounting, tax, advisory, benefits, insurance, payroll, and technology services.
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Profile
Runs a US professional-services platform for middle-market clients across Financial Services and Benefits and Insurance Services. Revenue comes from recurring client work, cross-selling, new client wins, and acquisitions, with Marcum expanding accounting, tax, advisory, and technology capacity.
Serves middle-market businesses nationwide through Financial Services and Benefits and Insurance Services. Financial Services covers accounting and tax, advisory, technology, and government health-care consulting, while Benefits and Insurance Services covers employee benefits, payroll and HCM, property-and-casualty brokerage, risk management, and retirement services.
Operates from a coast-to-coast US footprint, with offices in major markets and a model built on recurring client work, retention, cross-serving, new-client wins, and acquisitions. The Marcum transaction added scale inside accounting, tax, advisory, and technology work.
Depends on integrating acquired practices and coordinating service lines across accounting, insurance brokerage, benefits administration, payroll, and consulting. A legacy managed-networking contract remains inside the reporting structure after the National Practices segment was combined into Financial Services.
Company facts
Key statistics
Year to date +7.3% · Average volume (30d) 1.7M
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Jul 30, 2026 | CJS Securities | Downgrade | Market Outperform | Market Perform | ||
| Jul 30, 2026 | US Capital Advisors | Target | $55 | |||
| Jun 24, 2026 | Barrington | Target | $45 | |||
| May 1, 2026 | Stephens | Target | $31 | $37 | ||
| Apr 30, 2026 | Deutsche Bank | Target | $60 | $42 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Jul 29, 2026Q2 FY26 | $0.72 | $0.91 | +26.0% | $698.0M | $682.2M | −2.3% | +0.64% |
| Apr 29, 2026Q1 FY26 | $2.28 | $2.50 | +9.6% | $853.5M | $848.6M | −0.6% | −8.05% |
| Feb 25, 2026Q4 FY25 | −$0.66 | −$0.70 | −6.1% | $578.0M | $542.7M | −6.1% | +16.57% |
| Oct 29, 2025Q3 FY25 | $0.94 | $1.01 | +7.4% | $578.0M | $693.8M | +20.0% | +3.14% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $838.0M | $683.5M | $693.8M | $542.7M | $848.6M | $682.2M | |
| Gross profit | $228.1M | $87.9M | $90.1M | −$50.7M | $226.0M | $72.4M | |
| Operating income | $200.0M | $60.3M | $58.9M | −$85.2M | $196.4M | $34.1M | |
| Net income | $122.8M | $41.9M | $30.1M | −$79.4M | $161.6M | $18.6M | |
| Diluted EPS | $1.91 | $0.66 | $0.48 | −$1.24 | $2.63 | $0.31 | |
| Gross margin | 27.2% | 12.9% | 13.0% | -9.4% | 26.6% | 10.6% | |
| Operating margin | 23.9% | 8.8% | 8.5% | -15.7% | 23.2% | 5.0% |
Fiscal years (4-quarter sums)FY21 $1.10B · FY22 $1.41B · FY23 $1.59B · FY24 $1.81B · FY25 $2.76B
Revenue by product · Q2 FY26
Revenue by geography · FY25
Balance sheet, Jun 30, 2026Cash & short-term investments $20.9M · Total debt $1.91B · Total assets $4.57B · Shareholders' equity $1.87B
Dividends
No dividends on record.
Ownership
A 13F quarter can total more than the shares outstanding — sub-advisers file the same block twice, and a filer's own share count can be a quarter stale. No split is drawn from it.
Shares outstanding 53.65M · Float 47.77M · 89.0% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| FMR LLC | 8.05M | 15.00% | 13F | Aug 13, 2026 |
| BlackRock, Inc. | 4.97M | 9.27% | 13F | Aug 7, 2026 |
| Bank of Montreal /Can/ | 3.45M | 6.44% | 13F | Aug 12, 2026 |
| 22C Capital LLC | 3.20M | 5.97% | 13F | Aug 14, 2026 |
| Vanguard Capital Management LLC | 2.26M | 4.21% | 13F | Aug 13, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Mar 13, 2026 | Rodney A. Young | director | +1,000 | $26.06 |
| Mar 13, 2026 | Brad S. Lakhia | officer: Senior Vice President & CFO | +12,775 | $25.97 |
| Mar 10, 2026 | Benaree Pratt Wiley | director | −17,956 | $26.39 |
| Dec 2, 2025 | Benaree Pratt Wiley | director | −8,288 | $49.54 |
| Nov 26, 2025 | Brad S. Lakhia | officer: Senior Vice President & CFO | +2,060 | $48.51 |
Peers
- FTI Consulting
Advisory rival in transactions, disputes, risk, and technology
- Resources Connection
Flexible finance, accounting, risk, and talent consulting
- ADP
Payroll and HCM platform competitor
- Paychex
SMB payroll, HR, benefits, and insurance rival
- Marsh McLennan
Insurance, benefits, and risk consulting heavyweight
- H&R Block
Tax and small-business accounting substitute
- Intuit
Software-led accounting, tax, and payroll substitute
- Arthur J. Gallagher
Middle-market insurance and benefits broker
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| CBIZ | $54.53 | +0.04% | $2.92B | 25.0 | 12.5 | 1.1 | −0.2% |
| FTI Consulting | $153.74 | −0.06% | $4.25B | 19.0 | 14.8 | 1.1 | +5.3% |
| Resources Connection | $4.25 | 0.00% | $146.4M | — | — | 0.3 | −23.8% |
| ADP | $286.34 | −0.36% | $114.92B | 26.3 | 23.4 | 5.2 | +6.8% |
| Paychex | $127.04 | +0.02% | $45.19B | 26.0 | 21.3 | 6.9 | +12.5% |
| Marsh McLennan | $185.69 | −3.61% | $91.93B | 23.6 | 17.6 | 3.3 | +6.2% |
| H&R Block | $52.20 | −0.53% | $6.65B | 9.1 | 8.4 | 1.7 | +3.1% |
| Intuit | $358.02 | +0.02% | $97.94B | 21.7 | 13.4 | 4.6 | +13.7% |
| Arthur J. Gallagher | $250.73 | −6.27% | $68.74B | 44.3 | 19.0 | 4.4 | +22.8% |
| Median | 23.6 | 17.6 | 3.8 | +6.5% |