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CBIZ (CBZ)
NYSE:CBZ
Earnings Data
Report Date
Apr 23, 2026Before Open (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
2.28Last Year’s EPS
2.29Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The earnings call conveyed a constructive, strategic tone: management completed major integration work, delivered meaningful synergies (~$35M), expanded margins and free cash flow, and provided a positive 2026 outlook with clear targets for revenue, EBITDA, and FCF. Key investments in AI, offshore delivery, and industry verticals position the company for medium-term growth. However, near-term challenges remain — organic growth was modest (~2%), Q4 showed a profitability loss, integration and facility-related costs persist, certain segments (SEC capital markets, P&C) were soft, and leverage remains elevated (~3.3x). On balance, the call emphasized progress and a path to improved performance, while acknowledging execution and macro risks that could temper near-term results.Company Guidance
Completed Marcum Integration and Synergy Delivery
CBIZ completed the majority of Marcum integration priorities, unified teams on common systems and processes, and achieved synergies approximately double initial expectations, contributing roughly $35 million of savings in 2025.
Reported Strong Reported Revenue and Organic Growth
Fourth quarter revenue was $543 million, up 18% year-over-year (driven by the acquisition). Full-year reported revenue grew 52% versus prior year, with estimated organic revenue growth of approximately 2%.
Margin and Profitability Expansion
Full-year adjusted EBITDA was $447 million with adjusted EBITDA margin up ~530 basis points year-over-year; Financial Services adjusted EBITDA margin expanded ~600 basis points, reflecting scale benefits and lower incentive comp.
Earnings and EPS Execution
Full-year adjusted diluted EPS was $3.61, in line with original 2025 guidance, demonstrating year 1 accretion from the Marcum transaction despite a Q4 adjusted EPS loss of $0.70.
Free Cash Flow and Capital Returns
Full-year free cash flow increased by $65 million to $176 million (conversion from adjusted EBITDA ~40% in 2025). The company repurchased ~2.4 million shares for $160 million in 2025 and the Board authorized repurchases of up to 5 million shares.
Clear 2026 Financial Outlook
2026 guidance: revenue $2.8–$2.9 billion (2%–5% YoY growth), adjusted EBITDA $450–$460 million, adjusted EPS $3.75–$3.85, and free cash flow $270–$290 million (≈60% conversion at midpoint).
Strategic Investments in AI, Technology and Offshore Delivery
CBIZ invested in AI and automation (over 60 dedicated technology/AI professionals), expanded offshore delivery (500+ professionals in Philippines and India), and plans to increase offshore hours from ~6% in 2025 to ~10% in 2026 and >20% over several years to drive utilization and margins.
Pricing and Commercial Performance
Delivered mid-single-digit rate increases for the year and expects to sustain mid-single-digit pricing in 2026, helping capture value above inflation and support margin expansion.
CBZ Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
CBZ Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 25, 2026 | $27.28 | $31.80 | +16.57% |
Oct 29, 2025 | $51.31 | $52.92 | +3.14% |
Jul 30, 2025 | $76.15 | $61.12 | -19.74% |
Apr 24, 2025 | $77.24 | $66.42 | -14.01% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does CBIZ (CBZ) report earnings?
CBIZ (CBZ) is schdueled to report earning on Apr 23, 2026, Before Open (Confirmed).
What is CBIZ (CBZ) earnings time?
CBIZ (CBZ) earnings time is at Apr 23, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is CBZ EPS forecast?
CBZ EPS forecast for the fiscal quarter 2026 (Q1) is 2.28.