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Insperity, Inc. (NSP) stock

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NYSE: NSP NYSE Human Resource & Employment Services Next results ~February 9, 2027

C Fundamentals grade

Insperity, Inc. is a US-listed company in the human resource & employment 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

~$15

Cash-flow model

Base case. Range ~$13–$18 across our lower- and higher-growth cases (-2.7%–7.3% a year).

Price vs value

Overvalued

The price is above our entire value range; our base value is 71% below it.

Price used: $53.18, November 2, 2026

Insperity, 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.

  • Insiders5 buying, 0 selling14 purchases and 0 sales by directors and officers, last 12 monthsInsider trades
  • Funds175 adding, 100 cuttingOf 51 active managers that changed their stake, 20 added; quarter to June 30, 2026Fund buyers and sellers

Value diary

Our note on each quarter Insperity files

10-Q filed October 29: Insperity

Insperity's revenue reached $6.90bn in the twelve months to September 2026, a rise of 2.1% on the year before. That pace has eased from the 2.6% growth recorded a quarter earlier. Free-cash-flow margin, meanwhile, climbed to 2.9%, up from 0.8% a year ago. The fundamentals grade improves from D to C on the back of this. Our model value sits at $47.47 a share, barely changed, against a share price of $47.07. We keep the rating at Hold. At the current price, the model implies the market is pricing in cash-flow growth of about 2.7% a year over five years, well below the 6.8% a year revenue growth the company has actually delivered.

Source: 10-Q filed October 29, 2026 on SEC EDGAR · Financials · Valuation

Earlier notes (1)

Where Insperity stands after its latest 10-Q

Revenue for the twelve months to June 2026 was $6.87bn, up 2.6% on a year earlier, about the same pace as a quarter earlier. Free-cash-flow margin rose to 2.8% from -1.4% a year earlier. Against its peers on growth, profitability, cash generation and balance sheet, it grades D. It passes 3 of our 5 financial-health checks. Our cash-flow model value is $47.21 a share, against a share price of $53.47.

10-Q on SEC EDGAR

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 ~February 9, 2027 (estimated)

Insperity, Inc.'s trailing-twelve-month revenue grew 2.1% year on year, with a free-cash-flow margin of 2.9%. Where it lags: gross margin of 13.0% ranks 15 of 17 human resource & employment services companies we cover.

Our discounted-cash-flow model values the business at ~$15 per share in the base case (~$13–$18 across growth scenarios) — model values under stated assumptions, not a price target.

Current signal Free cash flow diverging from earnings: TTM free cash flow grew 286.3% while net income fell 82.4%: a 369pp divergence.

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

Nothing in Insperity, Inc.'s latest figures clears our strength thresholds.

Things to watch

  • Priced above our value. The share price of $53.18 is 71% above our value per share of $15.
  • High earnings multiple. The shares trade at 678 times the last 12 months' earnings, so expectations are demanding.
  • Volatile shares. Over the past year the shares showed annualised volatility of 67% and a beta of -0.1 against the S&P 500.
  • Below peers: gross margin. Gross margin of 13.0% ranks 15 of 17 human resource & employment services companies we cover (median 27.8%).
  • Estimates being cut. Analysts' consensus for next year's earnings per share has fallen 6.7% over 90 days.

Latest results: FY2026 Q3

Filed October 29, 2026
Earnings per share
$0.22 against an average estimate of $0.21: beat by 3.0%
Revenue
$1.65bn, up 1.7% on a year earlier
Share reaction
-5.8% in the first session after the results on October 29, 2026, against -2.1% for the S&P 500
Next report
October 29, 2026; average EPS estimate $0.25

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

Price chart

  • 1 day+9.2%
  • 1 week-1.4%
  • 1 month+14.4%
  • This year+45.5%
  • 1 year+29.9%
  • 5 years-47.1%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. 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)
$6.9B
Operating margin
0.3%
Net margin
0.0%
EPS (TTM, diluted)
$0.08

Growth

Revenue growth
+2.1%
Change in growth rate
−0.5 pts
Share count change
+0.7%

Cash

Free cash flow (TTM)
$197M
FCF margin
2.9%
Stock pay % of revenue
0.8%

Earnings

Last results
October 29, 2026
Next results (est.)
February 9, 2027

News & updates

Updated October 31, 2026

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

  1. Announcement
  2. Results
  3. Announcement
  4. Announcement
  5. Partnership
  6. Announcement
  7. Announcement
  8. Announcement
  9. Announcement
  10. Product
  11. Announcement
  12. Announcement
  13. Results

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

Insperity, Inc. valuation models and calculator

What the price is pricing in

The share price implies about 33.1% a year of cash-flow growth for five years.That is faster than the 6.8% a year revenue growth Insperity has delivered.

Read with care: free cash flow has swung sharply in the past year (often a one-off tax, legal or working-capital item), so the cash-flow base behind this reading may be unusually low or high.

  • Priced in33.1%
  • Last 12 months2.1%
  • 3 years a year2.6%
  • 5 years a year6.8%

Our cash-flow model with every input fixed except growth over the next five years, solved for the growth at which the model value equals the share price ($50.84, Nov 3, 2026). Cash-flow growth then fades to 2.5% a year; discount rate 8.5%. Delivered figures are revenue growth from SEC filings. This is a model exercise, not investment advice or a forecast of the share price. All companies

Fundamentalytics rating

model v1.6 · 2026-11-03
Sell12-month view
12-month price target
~$15
Price used
$50.84close November 3, 2026
Implied change
▼ 70%
Uncertainty
Low

How we got here: a discounted-cash-flow model of Insperity, Inc.'s free cash flow after stock-based pay with after-tax interest added back ($18.7M, FY2026 Q3 TTM), growing 3% and 2.9% in the next two years (forecasts, guidance and its record), then back to 2.3% by year five, and fading to 2.5%, discounted at 8.5%. Lower and higher growth cases span ~$13–~$18 ; that spread sets a 15% margin before we rate Buy or Sell.

Produced by Fundamentalytics' automated valuation model on November 3, 2026, using delayed market prices. Rating meanings, methodology and conflicts: recommendations disclosure and research disclaimer. General research, not personal advice — it does not consider your circumstances. Prices can fall as well as rise.

Our value per share comes from a discounted-cash-flow model of Insperity, Inc.'s free cash flow after stock-based pay ( $18.7M, FY2026 Q3 TTM, with after-tax interest added back): growth for five years as below (the first two years from forecasts, guidance and the company's record), fading to 2.5%, discounted at 8.5%, then cash added and debt and other claims subtracted. These are model values under stated assumptions, not price targets or recommendations.

Valuation models

We value Insperity, Inc. as an operating company, with every model that fits that kind of business. Cost of equity 8.3%: the 10-year Treasury yield (4.9%) plus a beta of 0.75 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. ~$15 ~$13–$18 Primary model, counts double
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. ~$36 ~$30–$50 Included
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. — Does not apply: return on equity above 40%: buybacks or intangibles make book value too small an anchor
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. ~$30 ~$27–$35 Included
Combined value Weighted average of the models that apply: the primary model (cash-flow model (dcf)) counts double. Models more than 5x or less than 0.2x the share price, or more than 3x away from the other models' median, are left out. ~$24 ~$15–$36 3 models

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Insperity, Inc. with Human Resource & Employment 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.

What moves the value

  • Revenue growth 5 points lower ▼ −23%
  • Revenue growth 5 points higher ▲ +31%
  • Free-cash-flow margin 1 point lower ▼ −30%
  • Last year's free-cash-flow margin change, if it persists ▲ more than doubles
  • Discount rate 1 point higher ▼ −13%
Value per share under different assumptions
Discount rate ↓ / growth → −5% growth0% growth5% growth10% growth15% growth20% growth
7% $14$16$20$24$30$37
8.5% $12$14$16$20$24$29
10% $11$13$15$17$20$24

Valuation multiples over time Market data may be delayed

At fiscal year end 20152016201720182019202020212022202320242025Now
Share price$17.99$26.91$44.83$73.62$68.65$66.55$99.92$98.01$103.15$70.00$36.55$53.18
Market value$874m$1.1bn$1.8bn$3.0bn$2.8bn$2.6bn$3.9bn$3.8bn$3.9bn$2.7bn$1.4bn$2.0bn
+ Net debt (− = net cash)−$270m−$182m−$250m−$182m−$98m−$185m−$207m−$364m−$324m−$670m−$273m−$180m
Enterprise value$605m$940m$1.6bn$2.9bn$2.7bn$2.4bn$3.7bn$3.5bn$3.6bn$2.0bn$1.1bn$1.9bn
Multiples
Price / sales 0.3x0.4x0.6x0.8x0.6x0.6x0.8x0.6x0.6x0.4x0.2x0.3x
Price / earnings 22.2x17.0x21.8x22.4x18.3x18.5x31.3x21.4x22.9x29.2x—n/m
Price / free cash flow 18.5x10.1x10.2x20.3x18.5x10.3x17.1x12.1x24.8x5.5x—10.3x
EV / EBITDA 7.2x7.6x10.7x14.1x12.4x10.5x17.4x11.9x13.7x12.4x31.9x29.4x

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

35 /100

Weak moat

How hard Insperity'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 13 / 20

    Net income has been a median 8.4% of total assets over 10 years.

  • Pricing power 8 / 20

    Gross margin has been a median 16.7%, moving by 1.6 percentage points (standard deviation) across 10 years.

  • Durability 1 / 20

    Operating margin has been a median 3.7%; its worst year was 0.3%.

  • Cash conversion 11 / 20

    Free cash flow was positive in 9 of 10 years, at a median 4.2% of revenue.

  • Discipline 17 / 20

    The diluted share count fell 0.7% 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 (50 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 $2.11 +105% $6.9bn +1%
Next $2.70 +28% $7.2bn +4%

Next year's EPS estimate has moved −6.7% in 90 days, across 5 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 Insperity, Inc.'s forecast and 0 cut it.

Consensus EPS forecast Insperity, Inc., last 90 days
$2.00 $2.50 $3.00 90 days ago 60 days ago 30 days ago 7 days ago Now Current fiscal year, 90 days ago: $2.08 Current fiscal year, 60 days ago: $2.05 Current fiscal year, 30 days ago: $2.05 Current fiscal year, 7 days ago: $2.05 Current fiscal year, Now: $2.11 $2.11 Next fiscal year, 90 days ago: $2.89 Next fiscal year, 60 days ago: $2.80 Next fiscal year, 30 days ago: $2.80 Next fiscal year, 7 days ago: $2.80 Next fiscal year, Now: $2.70 $2.70

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

View chart data
Period Current fiscal yearNext fiscal year
90 days ago $2.08$2.89
60 days ago $2.05$2.80
30 days ago $2.05$2.80
7 days ago $2.05$2.80
Now $2.11$2.70

Earnings against estimates

Quarter toEstimateActualSurprise
Sept 2026 $0.21 $0.22 +3.0%
Jun 2026 $0.32 $0.34 +6.9%
Mar 2026 $1.23 $1.31 +6.2%
Dec 2025 −$0.47 −$0.60 −28.9%

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

How our valuation uses these forecasts

Our cash-flow model grows Insperity, Inc.'s revenue by +3.0% next year and +2.9% the year after, then fades back toward its own record by year five. Next year's rate weighs analysts' consensus (+3.3%, weight 64%) and the company's own record (+2.3%, weight 36%) . How the weights are set.

Analyst recommendations

5 analysts, Oct 2026
Buy120%
Hold360%
Sell120%

Monthly trend

  1. Oct 20261315
  2. Sep 20261315

Counts of recommendations published by analysts covering Insperity, 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
9.7%
of tradable shares
Days to cover
6.74
at average volume
Short interest, 1 month
−0%
to October 15, 2026
Held by institutions
—
of shares
Held by insiders
6.2%
of shares
Employees
314,289
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 +29.9%

$40.95 on October 31, 2025 to $53.18

ThenNowEffect
Revenue (last 12 months) $6.7bn $6.9bn +2.6%
P/S multiple 0.2x 0.3x +27.4%
Share count 38m 38m −0.7%

Biggest factor: p/s multiple. Loss-making at one end, so the split uses price/sales.

Last 3 years −44.0%

$95.04 on November 3, 2023 to $53.18

ThenNowEffect
Revenue (last 12 months) $6.3bn $6.9bn +9.4%
P/S multiple 0.6x 0.3x −50.0%
Share count 39m 38m +2.4%

Biggest factor: p/s multiple. Loss-making at one end, so the split uses price/sales.

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
NSP+50%−2%+5%−32%−48%+46%
Industry peers (median)+48%−21%+4%−15%−29%+17%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
NSP67%50%50%25%25%73%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
NSP−14%−28%−27%−38%−65%−57%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since November 3, 2015: 83% from July 26, 2019 to March 11, 2026. Getting back needed a 493% gain, and the shares have not yet recovered.

Price behaviour

52-week range
$19.32 – $54.44
From 52-week high
−2.3%
vs 50-day average
+6.2%
vs 200-day average
+37.0%
Volatility (1 year)
67%
Beta vs S&P 500
-0.14

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 November 2, 2026.

Share price after results

Next day
3 up, 9 down
typical move ±12.9%
After a week
2 up, 9 down
typical move ±13.6%
After a month
2 up, 9 down
typical move ±12.9%
Results releasedNext dayS&P 500 next day5 days21 days
October 29, 2026 −5.8% −2.1% — —
July 29, 2026 +2.8% +0.1% −2.8% −1.5%
April 30, 2026 −23.3% +1.3% −12.1% −1.2%
February 10, 2026 −18.3% −0.3% −29.9% −42.4%
November 3, 2025 −16.1% −1.0% −25.6% −18.5%
August 1, 2025 −19.0% −0.1% −10.3% −8.6%
April 29, 2025 −17.3% +0.7% −16.9% −17.1%
February 10, 2025 +22.8% +0.8% +24.8% +26.0%
October 31, 2024 −7.3% −1.5% −0.5% +0.3%
August 1, 2024 −6.9% −3.3% −9.6% −8.5%
May 1, 2024 +0.2% +0.6% +1.2% −8.0%
February 8, 2024 −14.8% +0.6% −16.2% −10.3%

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.

Options strategies

All options ideas

How Insperity, Inc.’s listed options are priced, and three ways to use them that follow from our valuation. Quotes are delayed, read November 2, 2026. Check the live chain at your broker before trading.

Cash-secured put

Not offered: rated Sell.

We suggest selling a put only on well-rated companies, at a strike where the price you would pay if assigned (strike less premium) is at or below our fair value.

Covered call

Not offered: no liquid call at or above our price target — the model says the upside is worth more than any listed strike.

For holders: sell a call at a strike at or above our fair value, so the shares are only sold at a price the model calls full value.

Collar

Not offered: no liquid put and call pair for the same expiry.

For holders of a stock trading at or above our fair value: buy a put for a floor and sell a call to pay for it.

General research, not personal advice. Options can lose you more than you expect and are not suitable for everyone: put sellers can be made to buy shares that keep falling, call sellers give up gains above the strike, and results or news can move prices sharply. Chances shown are approximations from each option’s delta. Spreads, fees and early assignment are not modelled.

Insperity, Inc. in five measures

Fundamentals grade C
Growth Profitability Cash Balance sheet Value

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) Insperity, Inc.
$6.4B $6.6B $6.8B $7B FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Revenue (TTM), FY23 Q4: $6.5B Revenue (TTM), FY24 Q1: $6.5B Revenue (TTM), FY24 Q2: $6.5B Revenue (TTM), FY24 Q3: $6.5B Revenue (TTM), FY24 Q4: $6.6B Revenue (TTM), FY25 Q1: $6.6B Revenue (TTM), FY25 Q2: $6.7B Revenue (TTM), FY25 Q3: $6.8B Revenue (TTM), FY25 Q4: $6.8B Revenue (TTM), FY26 Q1: $6.8B Revenue (TTM), FY26 Q2: $6.9B Revenue (TTM), FY26 Q3: $6.9B $6.9B

Source: SEC EDGAR filings. Retrieved October 30, 2026.

View chart data
Period Revenue (TTM)
FY23 Q4 $6.5B
FY24 Q1 $6.5B
FY24 Q2 $6.5B
FY24 Q3 $6.5B
FY24 Q4 $6.6B
FY25 Q1 $6.6B
FY25 Q2 $6.7B
FY25 Q3 $6.8B
FY25 Q4 $6.8B
FY26 Q1 $6.8B
FY26 Q2 $6.9B
FY26 Q3 $6.9B
Revenue growth, TTM YoY Insperity, Inc.
0% 5% 10% FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Revenue growth, TTM YoY, FY23 Q4: 9.2% Revenue growth, TTM YoY, FY24 Q1: 6.3% Revenue growth, TTM YoY, FY24 Q2: 4.0% Revenue growth, TTM YoY, FY24 Q3: 2.4% Revenue growth, TTM YoY, FY24 Q4: 1.5% Revenue growth, TTM YoY, FY25 Q1: 1.9% Revenue growth, TTM YoY, FY25 Q2: 2.4% Revenue growth, TTM YoY, FY25 Q3: 3.2% Revenue growth, TTM YoY, FY25 Q4: 3.5% Revenue growth, TTM YoY, FY26 Q1: 3.0% Revenue growth, TTM YoY, FY26 Q2: 2.6% Revenue growth, TTM YoY, FY26 Q3: 2.1% 2.1%

Source: SEC EDGAR filings. Retrieved October 30, 2026.

View chart data
Period Revenue growth, TTM YoY
FY23 Q4 9.2%
FY24 Q1 6.3%
FY24 Q2 4.0%
FY24 Q3 2.4%
FY24 Q4 1.5%
FY25 Q1 1.9%
FY25 Q2 2.4%
FY25 Q3 3.2%
FY25 Q4 3.5%
FY26 Q1 3.0%
FY26 Q2 2.6%
FY26 Q3 2.1%
Operating margin (TTM) Insperity, Inc.
-1% 0% 1% 2% 3% 4% FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Operating margin (TTM), FY23 Q4: 3.4% Operating margin (TTM), FY24 Q1: 3.2% Operating margin (TTM), FY24 Q2: 3.3% Operating margin (TTM), FY24 Q3: 2.4% Operating margin (TTM), FY24 Q4: 1.8% Operating margin (TTM), FY25 Q1: 1.2% Operating margin (TTM), FY25 Q2: 0.7% Operating margin (TTM), FY25 Q3: 0.3% Operating margin (TTM), FY25 Q4: -0.1% Operating margin (TTM), FY26 Q1: -0.2% Operating margin (TTM), FY26 Q2: -0.0% Operating margin (TTM), FY26 Q3: 0.3% 0.3%

Source: SEC EDGAR filings. Retrieved October 30, 2026.

View chart data
Period Operating margin (TTM)
FY23 Q4 3.4%
FY24 Q1 3.2%
FY24 Q2 3.3%
FY24 Q3 2.4%
FY24 Q4 1.8%
FY25 Q1 1.2%
FY25 Q2 0.7%
FY25 Q3 0.3%
FY25 Q4 -0.1%
FY26 Q1 -0.2%
FY26 Q2 -0.0%
FY26 Q3 0.3%
FCF margin (TTM) Insperity, Inc.
-5% 0% 5% 10% FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 FCF margin (TTM), FY23 Q4: 2.4% FCF margin (TTM), FY24 Q1: 2.3% FCF margin (TTM), FY24 Q2: 4.3% FCF margin (TTM), FY24 Q3: -1.3% FCF margin (TTM), FY24 Q4: 7.3% FCF margin (TTM), FY25 Q1: 0.1% FCF margin (TTM), FY25 Q2: -1.4% FCF margin (TTM), FY25 Q3: 0.8% FCF margin (TTM), FY25 Q4: -4.5% FCF margin (TTM), FY26 Q1: 1.0% FCF margin (TTM), FY26 Q2: 2.8% FCF margin (TTM), FY26 Q3: 2.9% 2.9%

Source: SEC EDGAR filings. Retrieved October 30, 2026.

View chart data
Period FCF margin (TTM)
FY23 Q4 2.4%
FY24 Q1 2.3%
FY24 Q2 4.3%
FY24 Q3 -1.3%
FY24 Q4 7.3%
FY25 Q1 0.1%
FY25 Q2 -1.4%
FY25 Q3 0.8%
FY25 Q4 -4.5%
FY26 Q1 1.0%
FY26 Q2 2.8%
FY26 Q3 2.9%

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

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 LTM Sept 2026
Income
Revenue 1,653 1,720 1,976 2,159 2,256 2,358 2,604 2,941 3,300 3,829 4,315 4,287 4,973 5,939 6,486 6,581 6,812 6,900
Gross profit 288 299 352 382 393 404 438 492 573 682 733 807 820 1,011 1,037 1,052 900 898
EBITDA 44 52 73 86 77 69 84 123 148 202 215 226 212 291 262 161 35 63
Operating income 27 37 57 67 56 47 66 106 130 179 187 195 173 250 219 117 −10 20
Net income 17 22 30 40 32 28 39 66 84 135 151 138 124 179 171 91 −7 3
Diluted EPS $0.33 $0.43 $0.58 $0.78 $0.63 $0.53 $0.79 $1.54 $2.01 $3.22 $3.70 $3.54 $3.18 $4.64 $4.47 $2.42 −$0.19 $0.08
Growth (year on year)
Revenue −4.1% +4.0% +14.9% +9.2% +4.5% +4.5% +10.4% +13.0% +12.2% +16.0% +12.7% −0.6% +16.0% +19.4% +9.2% +1.5% +3.5% +2.1%
EBITDA −45.9% +19.3% +39.5% +18.2% −9.9% −10.9% +22.4% +45.9% +20.5% +36.3% +6.7% +4.9% −6.2% +37.3% −10.0% −38.5% −78.3% —
Operating income −58.4% — +54.7% +17.8% −16.7% −15.6% +38.4% +61.8% +22.2% +37.8% +4.2% +4.3% −11.0% +44.2% −12.4% −46.6% — —
Net income −63.8% — — — — — — — +27.9% +60.4% +11.6% −8.5% −10.2% +44.3% −4.5% −46.8% — —
Diluted EPS −81.5% — — — — — — — +30.5% +60.2% +14.9% −4.3% −10.2% +45.9% −3.7% −45.9% — —
Margins
Gross margin 17.4% 17.4% 17.8% 17.7% 17.4% 17.1% 16.8% 16.7% 17.4% 17.8% 17.0% 18.8% 16.5% 17.0% 16.0% 16.0% 13.2% 13.0%
EBITDA margin 2.6% 3.0% 3.7% 4.0% 3.4% 2.9% 3.2% 4.2% 4.5% 5.3% 5.0% 5.3% 4.3% 4.9% 4.0% 2.4% 0.5% 0.9%
Operating margin 1.6% 2.2% 2.9% 3.1% 2.5% 2.0% 2.5% 3.6% 3.9% 4.7% 4.3% 4.5% 3.5% 4.2% 3.4% 1.8% −0.1% 0.3%
Net margin 1.0% 1.3% 1.5% 1.9% 1.4% 1.2% 1.5% 2.2% 2.6% 3.5% 3.5% 3.2% 2.5% 3.0% 2.6% 1.4% −0.1% 0.0%
Free-cash-flow margin −0.4% 4.2% 2.1% 3.4% 1.0% 5.2% 1.8% 3.8% 5.5% 3.9% 3.4% 5.8% 4.6% 5.3% 2.4% 7.3% −4.5% 2.9%
Cash flow
Cash from operations 1 79 74 91 35 142 65 145 213 184 205 346 260 347 198 520 −278 232
Capital spending 8 7 31 18 12 19 18 34 33 35 56 98 33 30 40 38 31 35
Free cash flow −7 72 42 73 23 123 47 111 180 149 149 248 227 317 158 482 −309 197
Stock-based pay 10 8 9 10 11 11 13 17 24 20 24 60 41 50 53 61 61 52
Free cash flow after stock pay −17 64 34 63 12 112 34 95 156 129 125 188 187 267 105 421 −370 145
Balance sheet
Cash 227 235 211 265 226 276 270 286 354 327 367 555 576 733 693 1,039 642 599
Total debt 0 0 0 0 0 0 0 104 104 144 269 369 369 369 369 369 369 419
Net debt (negative = net cash) −227 −235 −211 −265 −226 −276 −270 −182 −250 −182 −98 −185 −207 −364 −324 −670 −273 −180
Diluted shares 50m 51m 51m 50m 50m 49m 49m 42m 41m 41m 40m 39m 39m 39m 38m 38m 38m 38m
Returned to shareholders
Dividends 13 14 16 43 17 69 21 21 66 33 49 62 144 77 84 89 90 91
Buybacks 2 0 0 3 0 0 0 144 0 0 — — 70 73 131 63 19 10
Total returned 15 14 16 46 17 69 21 165 66 33 49 62 214 150 215 152 109 101

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

4 of 6 checks passed · September 30, 2026
What it owns · $2.2bn
Short-term assets $1.8bnLonger-term assets $447m
What it owes, and who funded it · $1.6bn
Short-term liabilities $1.6bnShareholders' equity $44m
  • Short-term assets cover short-term liabilities $1.8bn of assets due within a year against $1.6bn of liabilities due within a year.
  • Short-term assets cover long-term liabilities Not assessable from the reported split. Not assessable.
  • More cash than debt $599m of cash against $419m of debt.
  • Debt below 40% of shareholders' equity Debt is 952% of equity.
  • Debt burden no higher than five years ago Debt to equity moved from 1088% to 952% over five years.
  • A year's operating cash flow covers at least 20% of debt $232m of operating cash flow against $419m of debt.
  • Operating profit covers interest at least five times over Operating income of $20m against $25m of interest.

From Insperity, 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

FY2026 Q3 TTM
Buybacks (TTM)
$10M
Dividends (TTM)
$91M
Returned to shareholders
51%
of free cash flow
Buybacks, last 3 fiscal years
$213M
Diluted share count
+0.7%
year over year
Total shareholder yield
5.0%
dividends 4.5% + buybacks 0.5% of market value
Dividend payout ratio
3033%
of net income paid out

Competitors: side by side with peers

Closest by revenue in human resource & employment services
Last 12 months unless stated NSP PAYX RHI TNET KELYA EFOR Median
Revenue, last 12 months $6.9bn $6.6bn $5.3bn $4.8bn $4.1bn $4.0bn $1.7bn
Revenue growth, last 12 months 2.1% 14.0% −2.9% −4.2% −9.6% 0.0% 5.6%
Revenue growth, 3-year average 2.6% 9.1% −7.3% −0.7% −6.0% −4.1% −0.5%
Revenue growth, latest quarter 1.7% 5.9% 0.4% −4.6% −5.8% 2.0% 5.2%
Gross margin 13.0% 74.4% 37.3% — 19.7% 28.3% 28.0%
Operating margin 0.3% 39.2% 1.4% 6.8% −2.3% 4.6% 1.0%
Operating margin, 3-year average 1.0% 39.5% 2.3% 8.9% −0.6% 6.1% 2.3%
Net margin 0.0% 27.4% 2.3% 3.6% −6.7% 1.7% 1.5%
Cash from operations / revenue 3.4% 34.1% 4.6% 7.8% 0.7% 5.8% 1.9%
Free-cash-flow margin 2.9% 30.5% 3.9% 5.9% 0.5% 4.9% 1.2%
Free-cash-flow margin, 3-year average 0.8% 30.9% 4.6% 8.2% 1.5% 7.1% 2.4%
Stock pay / revenue 0.8% 1.3% — 1.4% 0.3% 1.3% 1.3%
Change in share count 0.7% −0.9% −0.7% −2.1% −1.9% −5.8% −0.1%

Median of all 21 companies we cover in human resource & employment 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.

Peer comparison

21 human resource & employment services companies
Measure Company Peer median Rank
Revenue growth Growth 2.1% 5.6% 14 of 21
Change in growth rate Growth -0.5pp +0.5pp 13 of 20
Gross margin Profitability 13.0% 27.8% 15 of 17
Operating margin Profitability 0.3% 0.6% 11 of 19
Net margin Profitability 0.0% 1.5% 13 of 21
Free-cash-flow margin Cash generation 2.9% 1.2% 9 of 21
Stock pay as % of revenue Cash generation 0.8% 1.3% 5 of 20
Long-term debt as % of assets Balance sheet 18.8% 11.3% 10 of 14
Change in share count Balance sheet 0.7% -0.1% 12 of 20

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Where the revenue comes from

Fiscal year to December 31, 2025
Geography
Region Revenue Share YoY
Northeast $1.9B 27.5% ▲ 4.0%
West $1.4B 20.4% ▲ 3.3%
Southwest $1.3B 18.8% ▲ 2.7%
Central $1.2B 18.1% ▲ 2.9%
Southeast $972M 14.3% ▲ 5.0%
Other Revenues $70M 1.0% 0.0%

From Insperity, Inc.'s 10-K filed February 11, 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
$1.8B
Institutions reporting
274
Shares held vs prior quarter
▲ 2.9%
Positions opened / closed
63 / 43

Top buyers and sellers, Q2 2026: 175 institutions bought and 100 sold ; the biggest buyer was Bank Of America Corp (+1.5M shares) and the biggest seller Hawk Ridge Capital Management LP (−1.5M). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Blackrock, Inc. $229M 5.5M 13.0% ▲ 4.3%
Reinhart Partners, Llc. $136M 3.3M 7.7% ▲ 12.1%
Earnest Partners LLC $128M 3.1M 7.2% ▲ 50.0%
Bank Of America Corp $118M 2.9M 6.7% ▲ 113.2%
Vanguard Portfolio Management LLC $91.6M 2.2M 5.2% ▲ 3.2%
Sei Investments Co $77.7M 1.9M 4.4% ▲ 43.4%
Charles Schwab Investment Management Inc $67.3M 1.6M 3.8% ▲ 13.6%
Goldman Sachs Group Inc $66.6M 1.6M 3.8% ▼ 3.0%
Vanguard Capital Management LLC $64.6M 1.6M 3.7% ▲ 2.3%
State Street Corp $60M 1.5M 3.4% ▲ 4.6%
Invesco Ltd. $53.2M 1.3M 3.0% ▼ 46.4%
Geode Capital Management, LLC $38M 920K 2.1% ▲ 8.7%

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 Insperity, Inc.'s complete shareholder register. Values are as reported by the filers .

Insider trading activity

Full insider history and chart
Insider purchases History → $15.9M 14 trades by 5 insiders, last 12 months Insider sales History → $0 0 trades by 0 insiders
Net ▲ $15.9M net buying
Insider Date Trade Shares Price Value
Sarvadi Paul J Chairman of the Board & CEO June 3, 2026 Buy 233,000 $34.05 $7.9M
Sarvadi Paul J Chairman of the Board & CEO May 5, 2026 Buy 50,057 $28.20 $1.4M
Sarvadi Paul J Chairman of the Board & CEO May 5, 2026 Buy 49,543 $29.26 $1.4M
Sarvadi Paul J Chairman of the Board & CEO May 5, 2026 Buy 400 $30.00 $12,000
Sarvadi Paul J Chairman of the Board & CEO March 19, 2026 Buy 2,009 $23.93 $48,075
Sarvadi Paul J Chairman of the Board & CEO March 19, 2026 Buy 22,991 $23.57 $541,898
Sarvadi Paul J Chairman of the Board & CEO March 18, 2026 Buy 160,000 $23.22 $3.7M
Sarvadi Paul J Chairman of the Board & CEO March 17, 2026 Buy 2,000 $22.98 $45,960
Sarvadi Paul J Chairman of the Board & CEO March 17, 2026 Buy 14,987 $22.53 $337,657
Callens Christian P SVP Legal, Gen Counsel & Sec March 11, 2026 Buy 1,250 $19.28 $24,100
Masterson Ellen H Director March 11, 2026 Buy 1,200 $19.90 $23,880
Allison James D EVP, Finance, CFO & Treasurer March 10, 2026 Buy 10,000 $20.45 $204,500

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 9 trades and filings

No trades in Insperity, Inc. disclosed in the last 12 months; 9 earlier trades on record.

  • Lois Frankel(D-FL 22):Sale (full), $1,001 - $15,000, traded August 7, 2023, filed August 26, 2023
  • Lois Frankel(D-FL 22):Sale (partial), $1,001 - $15,000, traded August 4, 2023, filed August 26, 2023
  • Lois Frankel(D-FL 21):Sale (partial), $1,001 - $15,000, traded October 24, 2022, filed November 18, 2022

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

Earnings dates and SEC filings

Results announcements

Next expected around February 9, 2027 estimated from the company's past filing pattern, not announced

  • October 29, 2026
  • July 29, 2026
  • April 30, 2026
  • February 10, 2026
  • November 3, 2025
  • August 1, 2025

Recent SEC filings

Data status

When each part of this page on Insperity, 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.

Insperity, Inc. in brief

What does Insperity, Inc. do?
Insperity, Inc. is a US-listed company in the human resource & employment services industry. Its financial year ends in December.
What is Insperity, Inc.'s stock ticker?
Insperity, Inc. trades under the ticker NSP on NYSE. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Insperity, Inc.'s revenue, and how fast is it growing?
Over its most recent trailing twelve months, Insperity, Inc. reported revenue of $6.9B, 2.1% higher than a year earlier, according to its SEC filings.
What is Insperity, Inc.'s free cash flow?
Insperity, Inc.'s free-cash-flow margin is 2.9% of revenue over the trailing twelve months, ranking 9 of the 21 human resource & employment services companies we cover.
What is Insperity, Inc.'s fair value (intrinsic value) per share?
Our discounted-cash-flow model of Insperity, Inc.'s free cash flow after stock-based pay gives ~$15 per share in the base case, and ~$13–$18 across growth scenarios. These are model values under stated assumptions — not a price target or a recommendation.
Who are Insperity, Inc.'s largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Blackrock, Inc., Reinhart Partners, Llc. and Earnest Partners LLC. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
Is Insperity, Inc. buying back stock, and does it pay a dividend?
Insperity, Inc. spent $10M on share repurchases over the trailing twelve months, and its diluted share count still rose 0.7% over the year.
What is Insperity, Inc.'s market cap?
On November 2, 2026, Insperity, Inc.'s market capitalisation was about $2B, with a price-to-earnings ratio of 678.0 and net debt of -$180M. Market figures come from third-party market data and may be delayed.
Does Insperity, Inc. pay a dividend?
Yes: Insperity, Inc. paid $91M in dividends over the trailing twelve months, a dividend yield of 4.50% and a payout ratio of 3033.3%.
How much debt does Insperity, Inc. have?
Insperity, Inc.'s debt-to-equity ratio is 952.3%, from its latest balance sheet (1087.7% five years earlier). The financial health section below sets out its other solvency checks.
Who are Insperity, Inc.'s competitors?
In our Human Resource & Employment Services peer group, the companies closest to Insperity, Inc. are Paychex, Robert Half Inc., Trinet Group, Inc., Kelly Services Inc and Everforth Inc. The side-by-side comparison below sets their revenue, margins and growth against Insperity, Inc.'s.
Are insiders buying or selling Insperity, Inc. stock?
Over the last 12 months, Insperity, Inc.'s directors and officers reported 14 open-market purchases and 0 sales on Form 4. The insider trading page charts every trade.
When is Insperity, Inc.'s next earnings date?
Around February 9, 2027, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — Insperity, Inc. announces its own schedule.