Cbiz, Inc. income statement
In fiscal 2025, Cbiz, Inc. reported revenue of $2.76bn, up 52.1% on the year before, operating income of $234m (a 8.5% margin) and net income of $115m, or $1.83 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2009Dec 2009 | 2010Dec 2010 | 2011Dec 2011 | 2012Dec 2012 | 2013Dec 2013 | 2014Dec 2014 | 2015Dec 2015 | 2016Dec 2016 | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 737 | 730 | 591 | 613 | 677 | 719 | 750 | 800 | 855 | 922 | 948 | 964 | 1,105 | 1,412 | 1,591 | 1,813 | 2,758 |
| Cost of revenue | 648 | 644 | 519 | 540 | 593 | 630 | 652 | 698 | 756 | 790 | 823 | 825 | 946 | 1,189 | 1,368 | 1,631 | 2,403 |
| Gross profit | 88 | 86 | 73 | 72 | 84 | 90 | 98 | 102 | 100 | 132 | 125 | 139 | 159 | 223 | 223 | 182 | 355 |
| General and administrative | 31 | 30 | 32 | 30 | 34 | 34 | 33 | 36 | 33 | 39 | 44 | 46 | 56 | 55 | 58 | 109 | 121 |
| Operating income | 58 | 56 | 41 | 42 | 49 | 55 | 66 | 66 | 66 | 93 | 81 | 92 | 73 | 168 | 165 | 74 | 234 |
| Interest expense | 13 | 15 | 16 | 15 | 15 | 13 | 9 | 7 | 7 | 7 | 6 | 5 | 4 | 8 | 20 | 34 | 107 |
| Provision for credit losses | — | — | — | 5 | 4 | 5 | — | — | — | — | — | — | — | — | — | — | — |
| Income before tax | 52 | 45 | 31 | 38 | 42 | 51 | 58 | 67 | 74 | 80 | 93 | 103 | 93 | 141 | 166 | 58 | 161 |
| Income tax | 20 | 17 | 12 | 14 | 17 | 20 | 23 | 26 | 23 | 18 | 22 | 25 | 22 | 36 | 45 | 17 | 45 |
| 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 |
| Diluted shares (average) | 62m | 58m | 50m | 49m | 49m | 51m | 53m | 54m | 56m | 56m | 56m | 55m | 54m | 52m | 51m | 53m | 63m |
| EBITDA | 78 | 77 | 57 | 58 | 68 | 75 | 86 | 88 | 90 | 116 | 103 | 116 | 100 | 201 | 202 | 122 | 332 |
| Quarter | 2024 Q3Sept 2024 | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q2Jun 2026 | 2026 Q3Sept 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 439 | 460 | 838 | 683 | 694 | 543 | 682 | 702 |
| Cost of revenue | 366 | 522 | 610 | 596 | 604 | 593 | 610 | 588 |
| Gross profit | 73 | −62 | 228 | 88 | 90 | −51 | 72 | 114 |
| General and administrative | 23 | 45 | 28 | 28 | 31 | 34 | 38 | 39 |
| Operating income | 50 | −107 | 200 | 60 | 59 | −85 | 34 | 76 |
| Interest expense | 5 | 19 | 25 | 28 | 28 | 26 | 24 | 24 |
| Income before tax | 51 | −125 | 173 | 58 | 40 | −110 | 24 | 53 |
| Income tax | 16 | −35 | 50 | 16 | 10 | −31 | 5 | 16 |
| Net income | 35 | −91 | 123 | 42 | 30 | −79 | 19 | 37 |
| Diluted EPS | $0.70 | −$1.84 | $1.91 | $0.66 | $0.48 | −$1.23 | $0.31 | $0.61 |
| EBITDA | 59 | −87 | 225 | 85 | 83 | −61 | — | 99 |
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