Insperity
Provides PEO, payroll, benefits, and HR technology for small and midsize businesses.
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Profile
Sells PEO-based HR Solutions that bundle payroll administration, benefits, workers' compensation, compliance support, performance management, and training. Revenue is earned as a markup over worksite-employee payroll, with operations concentrated in the United States and shaped by co-employment, benefits, and insurance arrangements.
Runs a single HR Solutions segment built around HR 360, HR 360 Select Edition, HR Scale, and HR Core. The core PEO model combines payroll administration, employee benefits, workers' compensation, compliance support, performance management, training, and access to Insperity Premier.
Serves small, midsize, growing, and middle-market employers mainly in the United States, with revenue recognized from the markup over worksite-employee payroll rather than the payroll itself. The operating style pairs HR advisors and service teams with proprietary technology and a Workday HCM-based HR Scale tenant.
Depends on the legal treatment of PEO co-employment, payroll-tax compliance, client retention, health-benefit costs, and workers' compensation coverage. Major benefit and insurance programs rely on external carrier arrangements.
Company facts
Key statistics
Year to date +38.6% · Average volume (30d) 514.8K
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Rating | Prior target | Target |
|---|---|---|---|---|---|
| Jul 31, 2026 | Roth Capital | Target | $59 | $61 | |
| Jul 31, 2026 | Robert W. Baird | Target | $36 | $56 | |
| Jul 29, 2026 | Roth Capital | Reiterate | Buy | $54 | $59 |
| Jul 22, 2026 | Truist Financial | Target | $35 | $52 | |
| May 1, 2026 | Roth Capital | Target | $62 | $54 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Jul 29, 2026Q2 FY26 | $0.32 | $0.34 | +7.0% | $1.67B | $1.69B | +0.9% | +1.60% |
| Apr 30, 2026Q1 FY26 | $1.24 | $1.31 | +5.6% | $1.89B | $1.90B | 0.0% | −19.79% |
| Feb 10, 2026Q4 FY25 | −$0.47 | −$0.60 | −28.9% | $1.68B | $1.67B | −0.6% | −10.87% |
| Nov 3, 2025Q3 FY25 | $0.22 | −$0.20 | −190.9% | $1.68B | $1.62B | −3.3% | −17.88% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $1.86B | $1.66B | $1.62B | $1.67B | $1.90B | $1.69B | |
| Gross profit | $310.0M | $223.0M | $195.0M | $172.0M | $291.0M | $222.0M | |
| Operating income | $68.0M | −$7.0M | −$25.0M | −$46.0M | $62.0M | $6.0M | |
| Net income | $51.0M | −$5.0M | −$20.0M | −$33.0M | $33.0M | $4.0M | |
| Diluted EPS | $1.34 | −$0.14 | −$0.53 | −$0.88 | $0.88 | $0.10 | |
| Gross margin | 16.6% | 13.4% | 12.0% | 10.3% | 15.4% | 13.2% | |
| Operating margin | 3.7% | -0.4% | -1.5% | -2.8% | 3.3% | 0.4% |
Fiscal years (4-quarter sums)FY21 $4.97B · FY22 $5.94B · FY23 $6.49B · FY24 $6.58B · FY25 $6.81B
Revenue by geography · Q2 FY26
Balance sheet, Jun 30, 2026Cash & short-term investments $619.0M · Total debt $478.0M · Total assets $2.23B · Shareholders' equity $61.0M
Dividends
Raised for 20 straight years — most recently to $0.60 from $0.57 in Jun 2024. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Jun 4, 2026 | Jun 4 | Jun 18 | $0.60 | |
| Mar 6, 2026 | Mar 6 | Mar 20 | $0.60 | |
| Dec 9, 2025 | Dec 9 | Dec 23 | $0.60 | |
| Sep 4, 2025 | Sep 4 | Sep 18 | $0.60 | |
| Jun 6, 2025 | Jun 6 | Jun 20 | $0.60 | |
| Mar 13, 2025 | Mar 13 | Mar 27 | $0.60 | |
| Dec 10, 2024 | Dec 10 | Dec 24 | $0.60 | |
| Sep 5, 2024 | Sep 5 | Sep 19 | $0.60 |
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 38.20M · Float 35.74M · 93.6% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 5.55M | 14.53% | 13F | Aug 7, 2026 |
| Reinhart Partners, Inc. | 3.30M | 8.65% | 13F | Jul 8, 2026 |
| Earnest Partners LLC | 3.10M | 8.12% | 13F | Aug 13, 2026 |
| Bank of America Corp /DE/ | 2.87M | 7.51% | 13F | Aug 14, 2026 |
| Vanguard Portfolio Management LLC | 2.22M | 5.81% | 13F | Aug 13, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Jun 3, 2026 | Paul J. Sarvadi | director, officer: Chairman of the Board & CEO | +233,000 | $34.05 |
| May 5, 2026 | Paul J. Sarvadi | director, officer: Chairman of the Board & CEO | +100,000 | $28.73 |
| Mar 17, 2026 | Paul J. Sarvadi | director, officer: Chairman of the Board & CEO | +16,987 | $22.58 |
| Mar 18, 2026 | Paul J. Sarvadi | director, officer: Chairman of the Board & CEO | +160,000 | $23.22 |
| Mar 19, 2026 | Paul J. Sarvadi | director, officer: Chairman of the Board & CEO | +25,000 | $23.60 |
Peers
- ADP
National PEO and HCM/payroll scale rival
- Paychex
PEO, payroll, and HR outsourcing rival for SMBs
- TriNet Group
SMB PEO and HCM services rival
- Barrett Business Services
Public regional PEO and staffing alternative
- Paycom Software
Cloud HCM and payroll substitute
- Paylocity
SMB cloud HCM and payroll platform rival
- Workday
Enterprise HCM suite and HR Scale alternative
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Insperity | $53.54 | +0.03% | $2.04B | — | 22.1 | 0.3 | +1.7% |
| 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% |
| TriNet Group | $70.27 | +0.01% | $3.23B | 18.8 | 16.6 | 0.7 | −4.9% |
| Barrett Business Services | $34.37 | −0.04% | $844.1M | 25.3 | 18.8 | 0.7 | +3.8% |
| Paycom Software | $238.53 | +0.10% | $10.75B | 25.3 | 18.1 | 5.0 | +9.8% |
| Paylocity | $157.93 | +0.03% | $8.46B | 32.1 | 17.9 | 4.8 | +11.0% |
| Workday | $204.25 | −0.23% | $53.62B | 41.8 | 17.7 | 5.3 | +13.2% |
| Median | 26.0 | 18.1 | 5.0 | +9.8% |