Quarterly ResultApr 29, 2026, 04:07 PM
CBIZ Q1 Adj. EPS $2.50, up 7.3%; Raises 2026 Adj. EPS Outlook
AI Summary
CBIZ, Inc. reported strong first-quarter 2026 results, with total revenue up 1.3% to $849 million and adjusted diluted EPS increasing 7.3% to $2.50. Net income surged 31.6% to $162 million. The company also repurchased approximately 2 million shares for about $63 million through April. Reflecting solid performance and the impact of share repurchases, CBIZ increased its 2026 adjusted diluted EPS outlook to $4.00-$4.10, while reaffirming revenue and free cash flow targets.
Key Highlights
- Q1 total revenue $849M, up 1.3% YoY.
- Q1 net income $162M, up 31.6% YoY; GAAP EPS $2.63, up 37.7%.
- Q1 adjusted diluted EPS $2.50, up 7.3% YoY.
- Operating cash flow up 71.1%; free cash flow up 69.5%.
- Repurchased approximately 2 million shares for ~$63M through April.
- Raised 2026 Adjusted Diluted EPS outlook to $4.00-$4.10.
- Increased 2026 Adjusted EBITDA outlook to $465M-$475M.
- On track to achieve $12M in additional operational synergies in 2026.