CBIZ, Inc. reported second-quarter 2026 results with revenue essentially flat year over year at $682.2M while net income and earnings declined; net income was $18.6M and diluted EPS was $0.31 for the quarter, down from $41.9M and $0.66 a year earlier.
Financial Highlights
- Revenue: $682.2M for Q2 2026, down from $683.5M in the year-ago quarter ( (0.2%) ).
- Net income: $18.6M for Q2 2026, down from $41.9M in the year-ago quarter.
- Diluted EPS: $0.31 for Q2 2026, down from $0.66 in the year-ago quarter.
Business Highlights
- Revenue trend: Topline was largely unchanged in Q2 (−0.2% YoY) with first-half revenue up 0.6%; same‑unit H1 revenue rose 0.3%, indicating stable underlying demand.
- Channel and service mix: Financial Services led growth, driven by advisory work, technology services and healthcare compliance; Benefits & Insurance experienced slight declines.
- Operational costs and integration: Operating expenses increased due to integration and personnel investments, including ongoing costs related to the Marcum integration.
- Client and seasonal dynamics: The seasonal tax and accounting cycle produced working capital swings and higher days sales outstanding; administrative service agreement (ASA) fees remain a meaningful revenue channel.
- Strategy and outlook: Management is prioritizing organic growth, technology investment, selective acquisitions and share repurchases, while noting macro uncertainty could temper project demand.
Original SEC Filing:
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