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Cbiz, Inc. (CBZ) stock

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NYSE: CBZ NYSE Research & Consulting Services Next results ~January 18, 2027

Cbiz, Inc. is a US-listed company in the research & consulting services industry. Its financial year ends in December.

Stock price today

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Third-party market data · may be delayed

Fair value per share

Under review: data-quality checks not passed.

Price vs value

Under review: data-quality checks not passed. We'll show the comparison once resolved.

Cbiz, Inc. valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

Value diary

Our note on each quarter Cbiz files

Where Cbiz stands after its latest 10-Q

Revenue for the twelve months to June 2026 was $2.76bn, up 52.1% on a year earlier, slower than the 59.2% growth a quarter earlier. Free-cash-flow margin held at 6.4%. Operating margin widened to 8.5% from 4.1%. The diluted share count is up 20.1% on a year earlier, which dilutes existing holders. It passes 1 of our 6 financial-health checks.

Our model value for Cbiz is under review, so past values are not shown until it is resolved.

Source: 10-Q filed August 4, 2026 on SEC EDGAR · Financials · Valuation

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~January 18, 2027 (estimated)

Cbiz, Inc.'s trailing-twelve-month revenue grew 52.1% year on year, with a free-cash-flow margin of 6.4%.

Our discounted-cash-flow model values the business at ~$75 per share in the base case (~$48–$110 across growth scenarios) — model values under stated assumptions, not a price target.

Current signal Revenue growth decelerating: TTM revenue growth slowed to 52.1% (-7.1pp vs the prior quarter).

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • Fast growth. Revenue grew 52.1% over the last 12 months.
  • Margins widening. Operating margin is up 4.4 points on a year ago.

Things to watch

  • Growth slowing. The growth rate is 7.1 points lower than a quarter earlier.
  • Share dilution. Diluted shares rose 20.1% in a year.
  • Volatile shares. Over the past year the shares showed annualised volatility of 52% and a beta of -0.3 against the S&P 500.
  • Missing expectations. Earnings per share fell short of the consensus estimate in 2 of the last four quarters.

Latest results: FY2026 Q3

Filed October 30, 2026
Earnings per share
$1.21 against an average estimate of $1.26: missed by 4.0%
Revenue
$702m, up 1.2% on a year earlier
Share reaction
+0.2% in the first session after the results on October 22, 2026, against -1.7% for the S&P 500
Next report
October 19, 2026; average EPS estimate -$0.51

Cbiz's figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day0.0%
  • 1 week+0.1%
  • 1 month+0.5%
  • This year+9.0%
  • 1 year+3.9%
  • 5 years+49.8%
  • S&P 500 this year+11.2%

Closing prices to 2026-10-30. Price change only, dividends excluded.

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Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$2.8B
Operating margin
8.5%
Net margin
4.2%
EPS (TTM, diluted)
$2.04

Growth

Revenue growth
+52.1%
Change in growth rate
−7.1 pts
Share count change
+20.1%

Cash

Free cash flow (TTM)
$176M
FCF margin
6.4%
Stock pay % of revenue
0.9%

Earnings

Last results
October 22, 2026
Next results (est.)
January 18, 2027

News & updates

Updated November 3, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Leadership
  2. Shareholder vote
  3. Results
  4. Results
  5. Results
  6. Announcement
  7. Leadership

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

Cbiz, Inc. valuation models and calculator

Fundamentalytics rating

model v1.6 · 2026-11-03

Not rated: data-quality checks not passed.

The inputs used by the models below have passed source checks. Individual model values are available below and in the interactive valuator. Their differences are shown explicitly; the platform combined value and recommendation remain withheld.

Valuation models

We value Cbiz, Inc. as an operating company, with every model that fits that kind of business. Cost of equity 8.5%: the 10-year Treasury yield (4.9%) plus a beta of 0.79 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Cash-flow model (DCF) Free cash flow to the firm (after stock pay, with after-tax interest added back), grown then faded to 2.5%, discounted at 8.5% as the firm rate, less debt and other claims. — Does not apply: This model is withheld pending its input or assumption review.
Growth cash-flow model Revenue for this year and next from analysts' consensus, then growth fading to 2.5%; the operating margin moving to profitable peers'; investment needed per dollar of growth from peers; reduced by a failure probability. For young or fast-growing companies. The starting margin is normalized to between -100% and 60%; net margin is a proxy when operating income is not tagged. Uses analysts' consensus estimates (third-party data), not our forecasts. — Does not apply: This model is withheld pending its input or assumption review.
Forward price-to-earnings vs peers Next year's consensus earnings per share times peers' typical (harmonic-mean) forward price-to-earnings. Uses analysts' consensus estimates (third-party data), not our forecasts. ~$53 ~$64–$92 Included
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. ~$49 ~$32–$76 Included
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. ~$49 ~$42–$60 Included
Combined value Individual source-checked model scenarios are available. The platform combined value and recommendation remain withheld. — Combined value withheld. Review the individual models and their assumptions.

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Cbiz, Inc. with Research & Consulting Services in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

Valuation multiples over time Market data may be delayed

At fiscal year end 20152016201720182019202020212022202320242025
Share price$9.86$13.70$15.45$19.70$26.96$26.61$39.12$46.85$62.59$81.83$50.45
Market value$520m$733m$860m$1.1bn$1.5bn$1.5bn$2.1bn$2.5bn$3.2bn$4.3bn$3.2bn
+ Net debt (− = net cash)$399m$398m$401m$399m$399m$395m$398m$595m$592m$2.1bn$2.0bn
Enterprise value$919m$1.1bn$1.3bn$1.5bn$1.9bn$1.9bn$2.5bn$3.0bn$3.8bn$6.4bn$5.2bn
Multiples
Price / sales 0.7x0.9x1.0x1.2x1.6x1.5x1.9x1.7x2.0x2.4x1.2x
Price / earnings 15.2x18.3x17.1x18.1x21.3x18.8x29.6x23.3x26.2x105.0x27.6x
Price / free cash flow 13.0x10.5x13.2x12.3x17.9x10.9x17.2x20.9x24.3x38.9x18.2x
EV / EBITDA 10.7x12.9x14.1x13.0x18.5x16.2x25.1x15.2x18.6x52.2x15.8x

Market value uses the period's diluted share count; figures for each fiscal year use that year's results and the price at year end. "Now" uses today's price and the last twelve months.

Moat

34 /100

Weak moat

How hard Cbiz's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 7 / 20

    Net income has been a median 5.2% of total assets over 10 years.

  • Pricing power 8 / 20

    Gross margin has been a median 13.4%, moving by 1.5 percentage points (standard deviation) across 10 years.

  • Durability 8 / 20

    Operating margin has been a median 8.5%; its worst year was 4.1%.

  • Cash conversion 14 / 20

    Free cash flow was positive in 10 of 10 years, at a median 8.5% of revenue.

  • Discipline 12 / 20

    The diluted share count rose 14.7% over five years; stock-based pay has been a median 0.8% of revenue.

AI disruption exposure: High. In this industry, the core product is information work that AI systems increasingly perform. The score above includes a 15-point deduction for that exposure (49 before it).

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current $4.13 +15% $2.8bn +1%
Next $4.46 +8% $2.9bn +6%

Next year's EPS estimate has moved −0.6% in 90 days, across 4 analysts.

How the EPS forecast has moved

The consensus EPS forecast for the current fiscal year is +1.6% on 90 days ago. In the last 30 days, 1 analyst raised Cbiz, Inc.'s forecast and 0 cut it.

Consensus EPS forecast Cbiz, Inc., last 90 days
$3.80 $4.00 $4.20 $4.40 $4.60 90 days ago 60 days ago 30 days ago 7 days ago Now Current fiscal year, 90 days ago: $4.07 Current fiscal year, 60 days ago: $3.97 Current fiscal year, 30 days ago: $4.03 Current fiscal year, 7 days ago: $4.03 Current fiscal year, Now: $4.13 $4.13 Next fiscal year, 90 days ago: $4.49 Next fiscal year, 60 days ago: $4.25 Next fiscal year, 30 days ago: $4.25 Next fiscal year, 7 days ago: $4.25 Next fiscal year, Now: $4.46 $4.46

Average of analysts' published estimates (third-party data).

View chart data
Period Current fiscal yearNext fiscal year
90 days ago $4.07$4.49
60 days ago $3.97$4.25
30 days ago $4.03$4.25
7 days ago $4.03$4.25
Now $4.13$4.46

Earnings against estimates

Quarter toEstimateActualSurprise
Sept 2026 $1.26 $1.21 −4.0%
Jun 2026 $0.72 $0.91 +26.1%
Mar 2026 $2.27 $2.50 +10.1%
Dec 2025 −$0.66 −$0.70 −6.2%

Adjusted EPS as companies report it, against the average analyst estimate.

Analyst recommendations

3 analysts, Nov 2026
Buy00%
Hold3100%
Sell00%

Monthly trend

  1. Nov 202633
  2. Oct 202633

Counts of recommendations published by analysts covering Cbiz, Inc., by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
3.4%
of tradable shares
Days to cover
1.55
at average volume
Short interest, 1 month
−14%
to October 15, 2026
Held by institutions
94%
of shares
Held by insiders
4.9%
of shares
Employees
9,500
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

What moved the share price

Last 12 months +3.9%

$52.92 on October 30, 2025 to $54.98

ThenNowEffect
Revenue (last 12 months) $2.4bn $2.8bn +13.9%
Net margin 4.5% 4.4% −1.7%
P/E multiple 28.9x 28.0x −3.1%
Share count 60m 62m −4.2%

Biggest factor: revenue.

Last 3 years +5.8%

$51.96 on October 31, 2023 to $54.98

ThenNowEffect
Revenue (last 12 months) $1.5bn $2.8bn +82.5%
Net margin 7.7% 4.4% −42.3%
P/E multiple 23.0x 28.0x +21.7%
Share count 51m 62m −17.4%

Biggest factor: revenue.

The effects multiply back to the price change exactly. Results are the last 12 months as known on each date (filings assumed public 45 days after quarter end).

Return and risk by year

Calendar year 202120222023202420252026 to date
Return
CBZ+47%+20%+34%+31%−38%+9%
Industry peers (median)+34%−22%+10%−4%−15%−3%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
CBZ50%42%67%58%42%50%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
CBZ−12%−15%−12%−26%−45%−54%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since November 2, 2015: 72% from February 6, 2025 to March 24, 2026. Getting back needed a 253% gain, and the shares have not yet recovered.

Price behaviour

52-week range
$25.14 – $55.50
From 52-week high
−0.9%
vs 50-day average
+0.5%
vs 200-day average
+37.0%
Volatility (1 year)
52%
Beta vs S&P 500
-0.28

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to October 30, 2026.

Share price after results

Next day
6 up, 6 down
typical move ±9.2%
After a week
6 up, 6 down
typical move ±9.5%
After a month
4 up, 6 down
typical move ±10.4%
Results releasedNext dayS&P 500 next day5 days21 days
October 22, 2026 +0.2% −1.7% +0.2% —
October 19, 2026 +0.2% +0.8% +0.1% —
July 29, 2026 +18.3% +0.1% +17.3% +17.1%
April 29, 2026 −6.1% +1.0% −8.7% +2.2%
February 25, 2026 +14.5% +0.3% +3.2% −3.2%
October 29, 2025 +1.3% −1.1% +6.2% −6.8%
July 30, 2025 −19.3% −0.5% −18.2% −14.8%
April 24, 2025 −14.3% +2.8% −9.6% −6.9%
February 26, 2025 −8.5% −1.5% −14.4% −11.9%
October 29, 2024 +6.0% −0.1% +8.2% +23.3%
July 31, 2024 −15.1% +0.2% −20.9% −17.2%
April 25, 2024 −7.1% +0.6% −7.4% +0.8%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

Fundamentals

Revenue (TTM) Cbiz, Inc.
$1B $1.5B $2B $2.5B $3B FY23 Q1 FY23 Q4 FY24 Q3 FY25 Q4 Revenue (TTM), FY23 Q1: $1.5B Revenue (TTM), FY23 Q2: $1.5B Revenue (TTM), FY23 Q3: $1.6B Revenue (TTM), FY23 Q4: $1.6B Revenue (TTM), FY24 Q1: $1.6B Revenue (TTM), FY24 Q2: $1.7B Revenue (TTM), FY24 Q3: $1.7B Revenue (TTM), FY24 Q4: $1.8B Revenue (TTM), FY25 Q1: $2.2B Revenue (TTM), FY25 Q2: $2.4B Revenue (TTM), FY25 Q3: $2.7B Revenue (TTM), FY25 Q4: $2.8B $2.8B

Source: SEC EDGAR filings. Retrieved November 3, 2026.

View chart data
Period Revenue (TTM)
FY23 Q1 $1.5B
FY23 Q2 $1.5B
FY23 Q3 $1.6B
FY23 Q4 $1.6B
FY24 Q1 $1.6B
FY24 Q2 $1.7B
FY24 Q3 $1.7B
FY24 Q4 $1.8B
FY25 Q1 $2.2B
FY25 Q2 $2.4B
FY25 Q3 $2.7B
FY25 Q4 $2.8B
Revenue growth, TTM YoY Cbiz, Inc.
0% 20% 40% 60% FY23 Q1 FY23 Q4 FY24 Q3 FY25 Q4 Revenue growth, TTM YoY, FY23 Q1: 23.3% Revenue growth, TTM YoY, FY23 Q2: 18.2% Revenue growth, TTM YoY, FY23 Q3: 14.6% Revenue growth, TTM YoY, FY23 Q4: 12.7% Revenue growth, TTM YoY, FY24 Q1: 10.6% Revenue growth, TTM YoY, FY24 Q2: 9.3% Revenue growth, TTM YoY, FY24 Q3: 7.8% Revenue growth, TTM YoY, FY24 Q4: 14.0% Revenue growth, TTM YoY, FY25 Q1: 32.3% Revenue growth, TTM YoY, FY25 Q2: 46.5% Revenue growth, TTM YoY, FY25 Q3: 59.2% Revenue growth, TTM YoY, FY25 Q4: 52.1% 52.1%

Source: SEC EDGAR filings. Retrieved November 3, 2026.

View chart data
Period Revenue growth, TTM YoY
FY23 Q1 23.3%
FY23 Q2 18.2%
FY23 Q3 14.6%
FY23 Q4 12.7%
FY24 Q1 10.6%
FY24 Q2 9.3%
FY24 Q3 7.8%
FY24 Q4 14.0%
FY25 Q1 32.3%
FY25 Q2 46.5%
FY25 Q3 59.2%
FY25 Q4 52.1%
Operating margin (TTM) Cbiz, Inc.
0% 5% 10% 15% FY23 Q1 FY23 Q4 FY24 Q3 FY25 Q4 Operating margin (TTM), FY23 Q1: 12.3% Operating margin (TTM), FY23 Q2: 10.5% Operating margin (TTM), FY23 Q3: 11.1% Operating margin (TTM), FY23 Q4: 10.4% Operating margin (TTM), FY24 Q1: 10.2% Operating margin (TTM), FY24 Q2: 9.6% Operating margin (TTM), FY24 Q3: 9.1% Operating margin (TTM), FY24 Q4: 4.1% Operating margin (TTM), FY25 Q1: 8.1% Operating margin (TTM), FY25 Q2: 8.4% Operating margin (TTM), FY25 Q3: 7.9% Operating margin (TTM), FY25 Q4: 8.5% 8.5%

Source: SEC EDGAR filings. Retrieved November 3, 2026.

View chart data
Period Operating margin (TTM)
FY23 Q1 12.3%
FY23 Q2 10.5%
FY23 Q3 11.1%
FY23 Q4 10.4%
FY24 Q1 10.2%
FY24 Q2 9.6%
FY24 Q3 9.1%
FY24 Q4 4.1%
FY25 Q1 8.1%
FY25 Q2 8.4%
FY25 Q3 7.9%
FY25 Q4 8.5%
FCF margin (TTM) Cbiz, Inc.
2% 4% 6% 8% 10% FY23 Q1 FY23 Q4 FY24 Q3 FY25 Q4 FCF margin (TTM), FY23 Q1: 8.2% FCF margin (TTM), FY23 Q2: 7.3% FCF margin (TTM), FY23 Q3: 6.5% FCF margin (TTM), FY23 Q4: 8.2% FCF margin (TTM), FY24 Q1: 6.7% FCF margin (TTM), FY24 Q2: 7.9% FCF margin (TTM), FY24 Q3: 9.0% FCF margin (TTM), FY24 Q4: 6.1% FCF margin (TTM), FY25 Q1: 4.0% FCF margin (TTM), FY25 Q2: 4.3% FCF margin (TTM), FY25 Q3: 3.2% FCF margin (TTM), FY25 Q4: 6.4% 6.4%

Source: SEC EDGAR filings. Retrieved November 3, 2026.

View chart data
Period FCF margin (TTM)
FY23 Q1 8.2%
FY23 Q2 7.3%
FY23 Q3 6.5%
FY23 Q4 8.2%
FY24 Q1 6.7%
FY24 Q2 7.9%
FY24 Q3 9.0%
FY24 Q4 6.1%
FY25 Q1 4.0%
FY25 Q2 4.3%
FY25 Q3 3.2%
FY25 Q4 6.4%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-K/A, 10-Q. Generated November 3, 2026. Definitions in our methodology.

Where the money goes

FY2025, from the 10-K

Each dollar Cbiz took in during FY2025, followed through to profit: what it cost to make, what went on running the business, and what was left after tax.

  1. Revenue $2.8B
  2. Cost of revenue $2.4B · 87.1%
  3. Gross profit $355M · 12.9%
  4. Selling, general and admin $121M · 4.4%
  5. Operating income $234M · 8.5%
  6. Income tax $45.4M · 1.6%
  7. Interest and other $73.2M · 2.7%
  8. Net income $115M · 4.2%

Shares of revenue. Source: Cbiz's 10-K for FY2025, as filed with the SEC. "Other" lines are what the reported lines leave unexplained.

Financial statements

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2009 Dec 2009 2010 Dec 2010 2011 Dec 2011 2012 Dec 2012 2013 Dec 2013 2014 Dec 2014 2015 Dec 2015 2016 Dec 2016 2017 Dec 2017 2018 Dec 2018 2019 Dec 2019 2020 Dec 2020 2021 Dec 2021 2022 Dec 2022 2023 Dec 2023 2024 Dec 2024 2025 Dec 2025
Income
Revenue 737 730 591 613 677 719 750 800 855 922 948 964 1,105 1,412 1,591 1,813 2,758
Gross profit 88 86 73 72 84 90 98 102 100 132 125 139 159 223 223 182 355
EBITDA 78 77 57 58 68 75 86 88 90 116 103 116 100 201 202 122 332
Operating income 58 56 41 42 49 55 66 66 66 93 81 92 73 168 165 74 234
Net income 31 25 28 31 86 30 34 40 50 62 71 78 71 105 121 41 115
Diluted EPS $0.51 $0.42 $0.56 $0.63 $1.75 $0.58 $0.65 $0.75 $0.91 $1.09 $1.26 $1.41 $1.32 $2.01 $2.39 $0.78 $1.83
Growth (year on year)
Revenue — −0.9% −19.0% +3.6% +10.5% +6.2% +4.3% +6.6% +6.9% +7.8% +2.9% +1.6% +14.6% +27.8% +12.7% +14.0% +52.1%
EBITDA — −1.7% −26.4% +3.2% +16.1% +11.2% +14.0% +2.3% +1.9% +29.8% −11.5% +12.4% −13.7% +101.7% +0.1% −39.6% +172.9%
Operating income — −2.0% −27.0% +2.3% +17.2% +12.3% +18.0% +0.4% +1.0% +39.3% −13.0% +14.9% −21.4% +131.6% −1.8% −55.4% +217.4%
Net income — −21.9% +14.2% +11.2% +175.7% −65.3% +14.6% +17.5% +25.7% +22.2% +14.9% +10.7% −9.5% +48.6% +14.8% −66.1% +181.3%
Diluted EPS — −17.6% +33.3% +12.5% +177.8% −66.9% +12.1% +15.4% +21.3% +19.8% +15.6% +11.9% −6.4% +52.3% +18.9% −67.4% +134.6%
Margins
Gross margin 12.0% 11.8% 12.3% 11.8% 12.4% 12.5% 13.1% 12.8% 11.7% 14.3% 13.2% 14.4% 14.4% 15.8% 14.0% 10.1% 12.9%
EBITDA margin 10.6% 10.5% 9.6% 9.5% 10.0% 10.5% 11.4% 11.0% 10.5% 12.6% 10.8% 12.0% 9.0% 14.3% 12.7% 6.7% 12.0%
Operating margin 7.8% 7.7% 7.0% 6.9% 7.3% 7.7% 8.7% 8.2% 7.8% 10.0% 8.5% 9.6% 6.6% 11.9% 10.4% 4.1% 8.5%
Net margin 4.3% 3.4% 4.7% 5.1% 12.7% 4.1% 4.5% 5.0% 5.9% 6.7% 7.5% 8.1% 6.4% 7.5% 7.6% 2.3% 4.2%
Free-cash-flow margin 6.2% 6.9% 9.2% 8.4% −1.1% 5.4% 5.3% 8.7% 7.6% 9.8% 8.9% 14.0% 11.1% 8.3% 8.2% 6.1% 6.4%
Cash flow
Cash from operations 50 53 58 54 −2 44 47 74 77 105 98 147 131 126 154 124 192
Capital spending 4 3 4 2 6 5 7 4 12 15 14 12 9 9 23 13 17
Free cash flow 46 51 54 52 −8 39 40 70 65 91 84 135 122 117 130 111 176
Stock-based pay 5 5 6 6 6 6 6 6 6 7 7 9 11 15 12 14 26
Free cash flow after stock pay 41 45 48 46 −13 33 34 64 59 84 77 126 111 103 118 97 150
Balance sheet
Cash 7 1 2 1 1 1 1 3 0 1 1 5 2 5 8 14 18
Total debt 0 158 145 275 — 108 400 401 402 400 400 400 400 600 600 2,066 2,066
Net debt (negative = net cash) −7 157 143 274 −1 107 399 398 401 399 399 395 398 595 592 2,052 2,048
Diluted shares 62m 58m 50m 49m 49m 51m 53m 54m 56m 56m 56m 55m 54m 52m 51m 53m 63m
Returned to shareholders
Buybacks 13 86 10 6 26 28 36 9 20 17 27 56 97 123 65 0 160
Total returned 13 86 10 6 26 28 36 9 20 17 27 56 97 123 65 0 160

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

2 of 6 checks passed · September 30, 2026
What it owns · $4.6bn
Short-term assets $1.1bnLonger-term assets $3.5bn
What it owes, and who funded it · $4.6bn
Short-term liabilities $707mLonger-term liabilities $2.0bnShareholders' equity $1.9bn
  • Short-term assets cover short-term liabilities $1.1bn of assets due within a year against $707m of liabilities due within a year.
  • Short-term assets cover long-term liabilities $1.1bn short-term assets against $2.0bn of longer-dated liabilities.
  • More cash than debt $18m of cash against $1.4bn of debt.
  • Debt below 40% of shareholders' equity Debt is 76% of equity.
  • Debt burden no higher than five years ago Debt to equity moved from 39% to 76% over five years.
  • A year's operating cash flow covers at least 20% of debt $291m of operating cash flow against $1.4bn of debt.
  • Operating profit covers interest at least five times over Interest not separately reported. Not assessable.

From Cbiz, Inc.'s latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

Buybacks, last 3 fiscal years
$225M
Diluted share count
+20.1%
year over year
Days sales outstanding
74 days
receivables vs revenue

Competitors: side by side with peers

Closest by revenue in research & consulting services
Last 12 months unless stated CBZ VRSK ULS CLVT FCN ICFI Median
Revenue, last 12 months $2.8bn $3.1bn $3.1bn $2.4bn $4.0bn $1.8bn $636m
Revenue growth, last 12 months 52.1% 5.0% 6.6% −3.5% 7.8% −7.9% 4.9%
Revenue growth, 3-year average 25.0% 6.9% — −2.6% 6.0% −1.9% 6.9%
Revenue growth, latest quarter 1.2% 4.4% 5.2% −5.5% 5.9% −0.3% 4.4%
Gross margin 12.9% 70.2% 50.3% 66.8% 32.2% 37.2% 42.7%
Operating margin 8.5% 43.9% 17.9% −3.5% 8.8% 7.8% 6.2%
Operating margin, 3-year average 7.6% 43.2% 16.3% −13.9% 9.8% 7.9% 6.8%
Net margin 4.2% 28.2% 16.1% −13.8% 5.9% 4.9% 3.6%
Cash from operations / revenue 7.0% 47.9% 21.6% 23.8% 9.9% 12.1% 9.6%
Free-cash-flow margin 6.4% 39.4% 13.9% 13.6% 8.9% 10.9% 7.4%
Free-cash-flow margin, 3-year average 6.9% 34.9% 12.1% 14.3% 7.2% 8.4% 8.6%
Stock pay / revenue 0.9% 1.8% 2.0% 2.6% 1.1% 1.2% 2.5%
Change in share count 20.1% −3.6% 0.6% −6.8% −14.5% −2.1% 0.6%

Median of all 34 companies we cover in research & consulting services. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Where the revenue comes from

Fiscal year to December 31, 2025
Segments
Line of business Revenue Share YoY
Financial Services $2.3B 83.4% ▲ 68.9%
Benefits and Insurance Services $410M 14.9% ▲ 2.1%
National Practices $46.9M 1.7% ▼ 6.0%
Products and services
Line of business Revenue YoY
Accounting Tax Advisory and Consulting $2.3B ▲ 68.9%
Financial Service $651M ▲ 112.5%
Core Benefits and Insurance Services $392M ▲ 2.1%
Managed Networking and Hardware Services $46.9M ▲ 12.9%
Non Core Benefits and Insurance Services $17.9M ▲ 2.1%

These categories overlap or exclude eliminations, so shares aren't shown.

Geography
Region Revenue Share YoY
United States $2.8B 99.9% ▲ 52.2%
Canada $1.8M 0.1% ▼ 23.1%

From Cbiz, Inc.'s 10-K filed February 26, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Who owns it

Funds buying and selling
Reported value
$1.6B
Institutions reporting
258
Shares held vs prior quarter
▼ 2.5%
Positions opened / closed
40 / 44

Top buyers and sellers, Q2 2026: 143 institutions bought and 110 sold ; the biggest buyer was Blackrock, Inc (+1.2M shares) and the biggest seller Sunriver Management LLC (−969K). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
FMR LLC $258M 8.0M 15.8% ▲ 7.1%
Blackrock, Inc. $159M 5.0M 9.7% ▲ 30.4%
Bank Of Montreal $111M 3.5M 6.8% ▼ 1.5%
22C Capital LLC $103M 3.2M 6.3% 0.0%
Vanguard Capital Management LLC $72.5M 2.3M 4.4% ▲ 5.3%
Vanguard Portfolio Management LLC $72.3M 2.3M 4.4% ▲ 8.7%
Morgan Stanley $47.9M 1.5M 2.9% ▼ 25.7%
Geode Capital Management, LLC $40.3M 1.3M 2.5% ▲ 8.5%
State Street Corp $39.9M 1.2M 2.4% ▲ 8.1%
P2 Capital Partners, LLC $36.5M 1.1M 2.2% ▼ 0.3%
Bloombergsen Inc. $34.3M 1.1M 2.1% ▲ 7.5%
Royce & Associates LP $31.8M 993K 1.9% ▲ 20.2%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Cbiz, Inc.'s complete shareholder register. Values are as reported by the filers .

Insider trading activity

Full insider history and chart
Insider purchases History → $457,757 3 trades by 2 insiders, last 12 months Insider sales History → $884,446 2 trades by 1 insider · 0% under pre-set plans
Net ▼ $426,689 net selling
Insider Date Trade Shares Price Value
Young Rodney A Director March 13, 2026 Buy 1,000 $26.06 $26,060
Lakhia Brad S. Senior Vice President & CFO March 13, 2026 Buy 12,775 $25.97 $331,767
Wiley Benaree Pratt Director March 10, 2026 Sell 17,956 $26.39 $473,859
Wiley Benaree Pratt Director December 2, 2025 Sell 8,288 $49.54 $410,588
Lakhia Brad S. Senior Vice President & CFO November 26, 2025 Buy 2,060 $48.51 $99,931

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Trades by members of Congress

All 7 trades and filings

In the last 12 months, 2 members of Congress disclosed 1 purchase and 2 sales of Cbiz, Inc. shares.

  • Gilbert Ray Cisneros, Jr.(D-CA 31):Sale (full), $1,001 - $15,000, traded June 30, 2026, filed July 2, 2026
  • Josh Gottheimer(D-NJ 5):Purchase, $1,001 - $15,000, traded April 6, 2026, filed May 19, 2026
  • Josh Gottheimer(D-NJ 5):Sale (full), $1,001 - $15,000, traded March 5, 2026, filed April 8, 2026

Value ranges as filed; reports can arrive up to 45 days after a trade.

Earnings dates and SEC filings

Results announcements

Next expected around January 18, 2027 estimated from the company's past filing pattern, not announced

  • October 22, 2026
  • October 19, 2026
  • July 29, 2026
  • April 29, 2026
  • February 25, 2026
  • October 29, 2025

Recent SEC filings

Data status

When each part of this page on Cbiz, Inc. was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Cbiz, Inc. in brief

What does Cbiz, Inc. do?
Cbiz, Inc. is a US-listed company in the research & consulting services industry. Its financial year ends in December.
What is Cbiz, Inc.'s stock ticker?
Cbiz, Inc. trades under the ticker CBZ on NYSE. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Cbiz, Inc.'s revenue, and how fast is it growing?
Over its most recent trailing twelve months, Cbiz, Inc. reported revenue of $2.8B, 52.1% higher than a year earlier, according to its SEC filings.
What is Cbiz, Inc.'s free cash flow?
Cbiz, Inc.'s free-cash-flow margin is 6.4% of revenue over the trailing twelve months.
Who are Cbiz, Inc.'s largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are FMR LLC, Blackrock, Inc. and Bank Of Montreal. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
What is Cbiz, Inc.'s market cap?
On December 31, 2025, Cbiz, Inc.'s market capitalisation was about $3.2B, with a price-to-earnings ratio of 27.6 and net debt of $2B. Market figures come from third-party market data and may be delayed.
How much debt does Cbiz, Inc. have?
Cbiz, Inc.'s debt-to-equity ratio is 75.8%, from its latest balance sheet (39.3% five years earlier). The financial health section below sets out its other solvency checks.
Who are Cbiz, Inc.'s competitors?
In our Research & Consulting Services peer group, the companies closest to Cbiz, Inc. are Verisk Analytics, Inc., UL Solutions Inc., Clarivate PLC, FTI Consulting, Inc and ICF International, Inc. The side-by-side comparison below sets their revenue, margins and growth against Cbiz, Inc.'s.
Are insiders buying or selling Cbiz, Inc. stock?
Over the last 12 months, Cbiz, Inc.'s directors and officers reported 3 open-market purchases and 2 sales on Form 4. The insider trading page charts every trade.
When is Cbiz, Inc.'s next earnings date?
Around January 18, 2027, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — Cbiz, Inc. announces its own schedule.