CBIZ reports $47 million third-quarter net income

• CBIZ reported $47 million in Q3 2026 net income, up 56.7% year-over-year, while revenue increased 1.2% to $702 million.
• Diluted EPS rose 64.6% to $0.79, while adjusted EBITDA increased 6.3% to $132 million and adjusted EPS reached $1.21.
• Grant Thornton Advisors plans to acquire CBIZ for $55 per share in a $5 billion enterprise-value transaction, with closing expected in Q4 2026.

CBIZ (NYSE:CBZ) reported third-quarter 2026 net income of $47 million, up 56.7%, as revenue increased 1.2% to $702 million.

Diluted earnings rose 64.6% to $0.79 per share, while adjusted EBITDA increased 6.3% to $132 million and adjusted EPS reached $1.21.

The quarterly results reflect higher profitability despite limited revenue growth, with adjusted earnings per share increasing 14.2% compared with the same period in 2025.

For the first nine months, revenue reached $2.23 billion and net income rose 12.2% to $219 million, while adjusted EBITDA declined 1.2% to US$479 million.

CBIZ expects its $55-per-share acquisition by Grant Thornton Advisors to close in Q4 2026, subject to approvals.

Meanwhile, operating cash flow increased by $98 million during the nine-month period, while the proposed acquisition values CBIZ at approximately US$5 billion, including debt.

Under the July 29 merger agreement, Grant Thornton Advisors plans to acquire CBIZ, with New Mountain Capital backing the transaction and the benefits and insurance business becoming independent.