AI-extracted from the 10-Q filed 2026-08-04 — Q2 FY2026 (quarter ended June 30, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.
CBIZ revenue was roughly flat at $682.2M (-0.2% YoY) as net income fell to $18.6M from $41.9M on higher integration/G&A costs, and the company agreed to be acquired by Viking ParentCo for $55.00/share cash.
Biggest Revenue Drivers
Financial Services$580.3M-0.2% YoY
Same-unit revenue declined as traditional accounting/tax services fell $8.0M and advisory services fell $1.4M, partly offset by government healthcare compliance (+$3.5M) and technology services (+$2.4M)
Benefits and Insurance Services$101.9M0% YoY
Revenue growth was relatively flat versus the prior-year quarter
Biggest Revenue Drivers
Total revenue: $682.2M-0.2% YoY
Financial Services$580.3M-0.2% YoY
Same-unit revenue declined as traditional accounting/tax services fell $8.0M and advisory services fell $1.4M, partly offset by government healthcare compliance (+$3.5M) and technology services (+$2.4M)
Benefits and Insurance Services$101.9M0% YoY
Revenue growth was relatively flat versus the prior-year quarter
Largest Expense Items
Operating expenses$609.8M+2.4% YoY
Driven by $11.5M higher personnel costs and $2.3M higher direct costs, partly offset by lower D&A, facility, and professional service costs; included $14.8M of Marcum integration costs
Corporate G&A expenses$38.4M+38.8% YoY
Higher personnel costs (+$4.8M), professional services (+$4.8M), marketing (+$1.4M), and technology costs (+$1.4M)
Interest expense$24.3M-12.7% YoY
Lower average debt balance and lower weighted average interest rate versus the prior-year quarter
Margins: Adjusted gross margin (excluding deferred compensation plan effects) fell to 13.1% of revenue from 14.6% a year earlier; operating expenses rose to 89.4% of revenue from 87.1%, driven by higher personnel costs and Marcum integration charges.
Watch Items from the Filing
On July 28, 2026 CBIZ signed a merger agreement to be acquired by Viking ParentCo for $55.00/share in cash, subject to shareholder and regulatory approval, with a termination fee payable in certain circumstances.
Management disclosed two material weaknesses in internal controls: over-issuance of ~481,049 shares under the ESPP beyond registered limits, and improper goodwill reassignment among reporting units; disclosure controls were deemed not effective.
G&A expenses included a $10.9 million cumulative impact from the ESPP correction, and the company plans a voluntary rescission offer to affected ESPP participants in Q3 2026.
Effective tax rate dropped to 21.5% from 27.4% YoY due to a one-time tax benefit from purchased transferable tax credits, which is not a recurring driver of earnings.
$973.5 million of the $1,473.5 million outstanding debt is floating-rate; a 100 basis point rate move would change annual interest expense by approximately $9.7 million.
AI-extracted and verified against SEC EDGAR filing text. Not investment advice.
8 transactions in CBZ reported by 2 members of Congress under the STOCK Act, most recent trade Jun 30, 2026. Reported transactions, not recommendations.
About CBIZ, Inc. (CBZ): stock profile, AI score and financials
CBIZ, Inc. (CBZ) stock profile, AI quality score, and SEC EDGAR financial data, a Industrials sector company. 13F Pro's AI-powered ranking engine scores CBZ at 66.8/100 on a composite quality score built from its SEC filings, placing it at rank #392 of 2,925 stocks — the top 25% of the AI-ranked universe. CBZ scores in the top quartile across institutional flow (100.0), revenue growth (87.7), earnings quality (78.2). Based on the latest XBRL financial filings (Q2 2026), CBIZ, Inc. reports quarterly revenue of $682.2M, net income of $18.6M, an operating margin of 5.0%. Top institutional holders of CBZ by reported 13-F value include FMR, BlackRock, BANK OF MONTREAL, based on the most recent SEC filings. CBZ trades on the NYSE exchange and files with the SEC under CIK 944148. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate CBZ daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for CBIZ, Inc. directly from SEC EDGAR.