FreeTheAI

CBIZ Reports Higher Q3 Revenue and Profit Ahead of Acquisition by Grant Thornton

BullishMedium impact
CBZ$54.86 0.15%

CBIZ, Inc. (CBZ) generated total revenue of $702.24 million in the third quarter of 2026, marking a 1.2% increase from the prior year. Net income for the period reached $47.24 million, resulting in diluted earnings per share of $0.79. On an adjusted basis, the company delivered diluted earnings per share of $1.21 alongside adjusted EBITDA of $131.85 million.

The performance was anchored by the Financial Services division, which contributed $597.79 million in quarterly revenue and saw gross margin expand to $109.93 million. Meanwhile, Benefits and Insurance Services added $104.45 million to top-line results. Across the full business, quarterly operating income stood at $90.18 million with an overall gross margin of $114.05 million.

Looking ahead, investors are tracking the final steps of the company's planned sale. CBIZ reiterated that it will not issue full-year 2026 guidance as it works to complete its previously announced all-cash buyout by Grant Thornton, which is backed by New Mountain Capital. The acquisition remains on schedule to close during the fourth quarter of 2026, subject to customary closing conditions and approvals.

Key points

  • CBIZ posted third-quarter 2026 revenue of $702.24 million, up 1.2% year-over-year.
  • Net income reached $47.24 million, with adjusted diluted earnings per share coming in at $1.21.
  • Financial Services generated $597.79 million in revenue, while Benefits and Insurance Services added $104.45 million.
  • The company withheld full-year 2026 guidance due to its pending all-cash sale to Grant Thornton, slated to close in Q4 2026.

Written by our AI from expert market sources across the web. It can contain mistakes: check the facts before acting on them. Write-ups powered by the free AI API at FreeTheAI.org

How we writeDisclaimer

Questions and answers

What were CBIZ Q3 2026 earnings results?

CBIZ reported third-quarter 2026 revenue of $702.24 million, up 1.2% year-over-year. Net income was $47.24 million, or $0.79 per diluted share, while adjusted diluted EPS was $1.21.

Why did CBIZ not provide full-year 2026 guidance?

CBIZ withheld full-year 2026 outlook because of its pending acquisition by Grant Thornton, which is backed by New Mountain Capital.

When is the acquisition of CBIZ expected to close?

The all-cash merger with Grant Thornton is expected to close in the fourth quarter of 2026, subject to customary approvals and closing conditions.