CBIZ Exceeds Expectations with Strong Q3 Financial Results

CBIZ Reports Impressive Third Quarter Financial Growth

Key Takeaways:

• Total revenue reached $693.8 million, reflecting a robust increase of 58.1%.
• Net income reported at $30.1 million, showing a slight decline of 14.1% year-over-year; GAAP EPS stands at $0.48, down 31.4%.
• Adjusted EBITDA rose to $120.0 million, a year-over-year increase of 57.4%, with adjusted diluted EPS at $1.01, citing a growth of 8.5%.

Overview of Financial Performance

CBIZ, Inc. (NYSE: CBZ), recognized as a leading provider of professional services, has reported commendable financial results for the third quarter of 2025. The company’s revenue jumped significantly, attributed to improved performance in core and recurring essential services alongside favorable market conditions.

Jerry Grisko, the President and CEO of CBIZ, expressed satisfaction with the quarter's outcomes, stating, "We believe this quarter's results validate our business model and strategic acquisitions. The combined strengths we harnessed from the Marcum acquisition have exceeded our initial expectations, particularly in achieving synergies. We are now better positioned to cater to our clients and prospects, especially within the thriving U.S. middle-market sector."

Revenue and Income Analysis

For the third quarter ending September 30, 2025, total revenue surged to $693.8 million compared to $438.9 million in the same quarter of the previous year. The net income for this period was reported at $30.1 million, which translates to $0.48 per diluted share. In contrast, prior year's figures were $35.1 million and $0.70 per diluted share, respectively.

The adjusted numbers indicate continued growth, as the adjusted net income stood at $63.5 million, up from $46.9 million a year earlier. This reflects a resilient 8.5% increase in adjusted earnings per diluted share, rising from $0.93 to $1.01 within a year. Furthermore, the adjusted EBITDA saw a substantial 57.4% uplift, now totaling $120.0 million, as compared to $76.3 million previously.

Projections and Future Outlook

Looking ahead, CBIZ aims to achieve total revenue in the range of $2.8 billion to $2.95 billion for the full fiscal year. The company anticipates an effective tax rate around 29% and projects a weighted average fully diluted share count of approximately 65.0 million shares. Guidance for GAAP fully diluted earnings per share is forecasted between $1.97 to $2.02, while adjusted fully diluted earnings per share is expected to fall between $3.60 to $3.65. Adjusted EBITDA is projected to range from $450 million to $456 million.

Key Highlights from Nine Months

For the nine-month period concluding September 30, 2025, CBIZ demonstrated exceptional performance with total revenue of $2.2 billion, representing a 63.7% increase from $1.4 billion observed in the same timeframe the previous year. The net income reflects significant progress, reporting $194.9 million, marking a 47.9% rise from the prior year. This translates to a GAAP EPS of $3.06, continuing a positive trend indicated by a 16.8% increase.

Adjusted earnings for the nine-month mark yield an adjusted net income amounting to $271.9 million, compared to $158.6 million in the previous period. This includes an adjusted earnings per share increase of 35.6%, moving to $4.27 from $3.15.

Conference Call Insights

CBIZ has scheduled a conference call at 5 p.m. (ET) today to elaborate on its financial results for the third quarter. Importantly, the call will be accessible through a live webcast, and a recording will be available post-call for further insights.

About CBIZ, Inc.

CBIZ, Inc. (NYSE: CBZ) specializes in delivering comprehensive professional services targeting middle-market businesses. By leveraging industry-specific knowledge across sectors such as accounting, tax, and advisory services, CBIZ empowers clients to navigate complexities and enhance growth opportunities. With a dedicated team of over 10,000 professionals, CBIZ operates across 160+ locations nationwide, fostering valuable relationships to drive success.

Frequently Asked Questions

What were CBIZ's total revenues in the third quarter of 2025?

Total revenues reached $693.8 million, marking a 58.1% increase from the prior year.

How does CBIZ's net income for Q3 2025 compare to the previous year?

Net income for Q3 2025 was $30.1 million, a decrease of 14.1% from the previous year's $35.1 million.

What is the anticipated revenue range for CBIZ for the full fiscal year?

CBIZ expects total revenue to be in the range of $2.8 billion to $2.95 billion for the full fiscal year.

What is the adjusted EBITDA for the nine-month period ending September 30, 2025?

Adjusted EBITDA for this period was $475.6 million, an impressive increase compared to the prior year's figure.

What sectors does CBIZ provide professional services in?

CBIZ offers professional services across various sectors, including accounting, tax, advisory, insurance, and technology.

About The Author

Olivia Taylor here, a 26-year-old writer and financial advisor. After earning a degree in finance, I worked in the sector for years. I've always loved numbers and had a talent for simplifying difficult financial ideas so that anyone could understand. I wrote my first book because of this passion; it helps readers take charge of their financial futures by fusing real-life stories with useful financial advice.

Whether they are just beginning their careers, preparing for significant life events, or seeking to invest wisely, my goal with my writing is to enable people to make educated financial decisions. The foundation of my work is the conviction that security and freedom of the individual are largely determined by financial literacy. To further financial education, I run workshops and frequently write for financial blogs in addition to my books.

I like to travel, experience other cultures, and find inspiration in daily life when I'm not writing or examining market trends. My passion is utilizing sound financial practices to help people reach their financial objectives and lead the best lives possible.

Contact Olivia Taylor privately here. Or send an email with ATTN: Olivia Taylor as the subject to contact@investorshangout.com.

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