Quarterly ResultApr 30, 2026, 09:06 AM
CBIZ Q1 Revenue +1.3% to $848.6M; EPS $2.63, up 37%
AI Summary
CBIZ, Inc. reported a 1.3% increase in Q1 2026 revenue to $848.6 million, with diluted EPS rising 37.7% to $2.63. Net income grew significantly by 31.6% to $161.6 million, partly driven by a $57.2 million gain from acquisition-related adjustments. The company also repurchased $29.0 million in common stock and improved its net cash used in operating activities.
Key Highlights
- Q1 2026 Revenue increased 1.3% to $848.6 million from $838.0 million YoY.
- Q1 2026 Net Income rose 31.6% to $161.6 million from $122.8 million YoY.
- Q1 2026 Diluted EPS grew 37.7% to $2.63 from $1.91 YoY.
- Recognized $57.2 million gain from final working capital adjustment related to Marcum acquisition.
- Repurchased $29.0 million of common stock in Q1 2026.
- Net cash used in operating activities improved to $(25.5) million from $(88.3) million YoY.
- Weighted average interest rate on 2024 Credit Facilities decreased to 6.11% from 6.57%.
- Company is a non-bellwether defendant in a multidistrict litigation regarding a May 2023 cyberattack.