CBIZ (NYSE:CBZ) Issues Earnings Results, Beats Estimates By $0.22 EPS

CBIZ (NYSE:CBZ) issued its earnings results on Wednesday. The business services provider reported $2.50 earnings per share for the quarter, topping analysts’ consensus estimates of $2.28 by $0.22, FiscalAI reports. The business had revenue of $848.58 million for the quarter, compared to the consensus estimate of $853.46 million. CBIZ had a net margin of 5.57% and a return on equity of 12.71%. The firm’s revenue for the quarter was up 1.3% on a year-over-year basis. During the same period in the previous year, the company earned $2.33 earnings per share. CBIZ updated its FY 2026 guidance to 4.000-4.100 EPS.

Here are the key takeaways from CBIZ’s conference call:

• CBIZ is reaffirming 2026 revenue, adjusted EBITDA, and free cash flow guidance and raised its adjusted EPS outlook to $4.00–$4.10, citing accretive share repurchases and lower share count.
• Q1 results were in line with expectations: consolidated revenue up 1.3% (organic +1%), adjusted EBITDA of $244M, and improved free cash flow largely aided by a one-time $53 million purchase price adjustment.
• The company began a company-wide rollout of agentic AI capabilities, citing a test-case data-extraction efficiency of 20% in year one (forecast to reach 40%) and expecting AI to drive productivity, higher-value advisory mix, better win rates, and cross-sell opportunities.
• Benefits & Insurance revenue declined ~4% in Q1 due to tough comps, contingent commission declines, and the unexpected departure of a producer and team in February, which the company says was isolated but dented near-term results.
• Strong free cash flow supports an active buyback program and deleveraging plan (targeting net leverage <2.5x by 2027), while planned offshoring increases (from ~6% to 10% of hours in 2026, >20% longer-term) are expected to drive margin expansion.

CBIZ Price Performance

NYSE:CBZ opened at $30.49 on Friday. CBIZ has a one year low of $24.29 and a one year high of $77.91. The company has a market cap of $1.67 billion, a P/E ratio of 12.25, a P/E/G ratio of 0.62 and a beta of 0.93. The firm’s fifty day moving average price is $28.28 and its two-hundred day moving average price is $41.31. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.22 and a quick ratio of 1.22.

Analyst Ratings Changes

CBZ has been the topic of a number of recent analyst reports. Zacks Research upgraded shares of CBIZ from a “strong sell” rating to a “hold” rating in a report on Friday, March 27th. Stephens started coverage on shares of CBIZ in a report on Friday, April 10th. They set an “equal weight” rating and a $31.00 target price on the stock. BMO Capital Markets started coverage on CBIZ in a research report on Monday, March 30th. They set an “outperform” rating and a $33.00 price target on the stock. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $42.00 price target on shares of CBIZ in a research report on Thursday. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of CBIZ in a research report on Wednesday, January 21st. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $35.33.

Insider Activity at CBIZ

In related news, CFO Brad S. Lakhia acquired 12,775 shares of the firm’s stock in a transaction on Friday, March 13th. The shares were purchased at an average cost of $25.97 per share, for a total transaction of $331,766.75. Following the completion of the acquisition, the chief financial officer directly owned 148,480 shares in the company, valued at approximately $3,856,025.60. This trade represents a 9.41% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. 4.10% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On CBIZ

Several institutional investors and hedge funds have recently modified their holdings of the stock. Caitong International Asset Management Co. Ltd grew its position in shares of CBIZ by 377.8% in the third quarter. Caitong International Asset Management Co. Ltd now owns 559 shares of the business services provider’s stock valued at $30,000 after purchasing an additional 442 shares during the last quarter. Strategic Wealth Investment Group LLC acquired a new position in shares of CBIZ in the second quarter valued at approximately $37,000. Danske Bank A S acquired a new position in shares of CBIZ in the third quarter valued at approximately $42,000. EverSource Wealth Advisors LLC grew its position in shares of CBIZ by 165.4% in the second quarter. EverSource Wealth Advisors LLC now owns 722 shares of the business services provider’s stock valued at $52,000 after purchasing an additional 450 shares during the last quarter. Finally, Johnson Financial Group Inc. acquired a new position in shares of CBIZ in the third quarter valued at approximately $53,000. 87.44% of the stock is currently owned by institutional investors and hedge funds.

About CBIZ

CBIZ, Inc (NYSE: CBZ), founded in 1996 and headquartered in Cleveland, Ohio, is a leading provider of professional business services in the United States. Since its inception, the company has grown through both organic expansion and strategic acquisitions to deliver a broad spectrum of financial, tax and advisory solutions tailored to the needs of small to mid-market organizations.

Through its Financial & Advisory Services segment, CBIZ offers accounting, tax preparation and compliance, audit support, and wealth management services.