Accounting firm CBIZ Q3 revenue, adjusted EPS miss analyst estimates
CBZ•CBIZ reported Q3 revenue of $702.24 million, below the $720.55 million analyst estimate, and adjusted EPS of $1.21, below the $1.29 estimate. The company did not provide full-year 2026 financial guidance in its press release due to a proposed acquisition.
1. Quarterly results
CBIZ’s Q3 revenue grew 1.2% year over year to $702.24 million, missing the $720.55 million analyst estimate. Adjusted EPS was $1.21, below the $1.29 estimate. Net income was $47.24 million, and adjusted EBITDA was $131.85 million.
2. Costs and outlook
Operating expenses fell to $588.19 million from $603.7 million a year earlier, while gross margin rose to $114.1 million from $90.1 million. Acquisition-related integration costs totaled $17.3 million. CBIZ did not provide full-year 2026 financial guidance in its press release due to a proposed acquisition.
