The earnings call reflects a company that is experiencing strong revenue and EBITDA growth primarily due to the Marcum acquisition, while also facing challenges in nonrecurring revenue and pricing pressures. The overall performance is buoyed by strategic decisions and successful integrations, although market uncertainties pose ongoing challenges.

Company Guidance -

Q3 2025

During the CBIZ Second Quarter 2025 Results Conference Call, management provided guidance suggesting that the revenue for the year is expected to be at the low end of their previously forecasted range of $2.8 billion to $2.95 billion. The call highlighted that year-to-date organic revenue growth for core services within the Benefits and Insurance segment and core accounting and tax services was in low single digits, while the National Practice segment grew by 13%. Adjusted EBITDA for the first half of the year more than doubled compared to the previous year, reflecting the strength of the business model and the impact of the Marcum acquisition. However, the rate increases averaged about 4%, which is 200 to 300 basis points below expectations, creating a headwind of approximately $75 million for the full year. Furthermore, CBIZ's results included a 63% increase in second-quarter revenue, reaching $684 million, and a 66% increase in first-half revenue to $1.5 billion. Adjusted EBITDA margins improved by nearly 500 basis points to 23% year-to-date, with adjusted diluted earnings per share increasing by 64% to $0.95 in the second quarter. CBIZ also noted a targeted deleveraging plan to reach 2.5x leverage by the end of 2026, highlighting their confidence in generating meaningful free cash flow to invest and achieve this target.

Strong Revenue Growth

Second quarter revenue was $684 million, and first half revenue was $1.5 billion, representing a 63% and 66% increase, respectively, largely driven by the Marcum acquisition.

Significant EBITDA Improvement

Adjusted EBITDA increased by 128% or $66 million for the quarter and more than doubled to $356 million in the first half, with an adjusted EBITDA margin of 17% in the quarter and 23% year-to-date.

Marcum Acquisition Synergies

The Marcum acquisition is considered one of the most important strategic decisions, providing opportunities for accelerated growth and profitability. Early integration results are positive.

Benefits and Insurance Segment Growth

The B&I segment delivered revenue of $102 million in the second quarter, up nearly $5 million or approximately 5% compared to last year, with a 21% increase in adjusted EBITDA.

Successful Workforce Integration

Enhanced team utilization and improved compensation expenses were achieved with nearly 450 fewer full-time equivalent employees in core businesses compared to last year.

CBIZ (CBZ) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

CBZ Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 23, 2025	2025 (Q3)	0.91 / -	0.7	―	―	―
Jul 30, 2025	2025 (Q2)	0.84 / 0.95	0.39	143.59% (+0.56)
Apr 24, 2025	2025 (Q1)	2.11 / 2.29	1.53	49.67% (+0.76)
Feb 26, 2025	2024 (Q4)	-0.33 / -0.20	-0.26	23.08% (+0.06)
Oct 29, 2024	2024 (Q3)	0.76 / 0.70	0.67	4.48% (+0.03)
Jul 31, 2024	2024 (Q2)	0.68 / 0.39	0.53	-26.42% (-0.14)
Apr 25, 2024	2024 (Q1)	1.50 / 1.53	1.44	6.25% (+0.09)
Feb 15, 2024	2023 (Q4)	-0.29 / -0.26	-0.23	-13.04% (-0.03)
Oct 26, 2023	2023 (Q3)	0.58 / 0.67	0.53	26.42% (+0.14)
Jul 27, 2023	2023 (Q2)	0.64 / 0.53	0.6	-11.67% (-0.07)

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
Jul 30, 2025	$76.15	$61.12	-19.74%
Apr 24, 2025	$77.24	$66.42	-14.01%
Feb 26, 2025	$85.32	$80.86	-5.23%
Oct 29, 2024	$66.86	$71.07	+6.30%

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 Inc (CBZ) report earnings?

CBIZ Inc (CBZ) is schdueled to report earning on Oct 23, 2025, Before Open (Confirmed).

What is CBIZ Inc (CBZ) earnings time?

CBIZ Inc (CBZ) earnings time is at Oct 23, 2025, 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 2025 (Q3) is 0.91.

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