CBIZ FY26 Q2 net income drops 55.6% to $19 million; revenue slips 0.2% to $682 million
CBZ•Second-quarter results
CBIZ posted second-quarter revenue of $682 million, down 0.2% year over year; GAAP net income fell 55.6% to $19 million.
GAAP EPS dropped 53% to $0.31; adjusted EBITDA slid 14.3% to $103 million.
Acquisition and guidance
Grant Thornton, backed by New Mountain Capital, agreed to acquire CBIZ for $55 per share in cash; CBIZ withdrew fiscal 2026 guidance.
First-half performance and cash flow
First-half revenue rose 0.6% to $1.53 billion; GAAP net income increased 4.1% to $171 million.
Operating cash flow climbed $97 million to $122 million; free cash flow rose $99 million to $110 million.
