CBIZ Reports Slight Revenue Decline and Decreased Net Income in Q2 2026

CBIZ, Inc. reported its financial results for the second quarter of 2026, revealing a slight decline in revenue and net income compared to the same period in 2025. For the three months ended June 30, 2026, the company generated revenue of $682.2 million, a decrease of $1.3 million, or 0.2%, from $683.5 million in the prior year. The decline in revenue was attributed to a decrease in same-unit revenue, which fell by approximately $3.5 million, or 0.5%. However, revenue from newly acquired operations contributed an incremental $2.2 million during the quarter. For the six months ended June 30, 2026, revenue increased by $9.3 million, or 0.6%, to $1.530 billion, driven by a $5 million increase in same-unit revenue.

Net income for the second quarter was $18.6 million, or $0.31 per diluted share, down from $41.9 million, or $0.66 per diluted share, in the same quarter of 2025. For the first half of 2026, net income rose to $171.4 million, or $2.83 per diluted share, compared to $164.7 million, or $2.58 per diluted share, in the prior year. The decrease in quarterly net income was influenced by increased operating expenses, which rose by $14.2 million, or 2.4%, to $609.8 million, primarily due to higher personnel costs and integration costs associated with the Marcum Transaction.

Strategically, CBIZ has made significant moves, including the acquisition of BINDZ Consulting Private Limited for $9.8 million, aimed at enhancing its global capabilities. The company also completed a working capital adjustment related to the Marcum Transaction, resulting in a gain of $57.2 million. Additionally, CBIZ repurchased 2.1 million shares of its common stock for $60.1 million during the first half of 2026, as part of its ongoing share repurchase program.

Operationally, CBIZ reported a total of 146.7 million shares outstanding as of June 30, 2026, with a weighted average diluted share count of 60.5 million for the first half of the year. The company’s total assets increased to $4.573 billion, up from $4.410 billion at the end of 2025, while total liabilities rose to $2.706 billion from $2.647 billion. The increase in liabilities was primarily due to higher short-term debt and lease liabilities.

Looking ahead, CBIZ anticipates continued challenges in demand for its nonrecurring project-based services due to the current economic and geopolitical environment. The company aims to maintain a net leverage ratio of less than 2.5x over time while focusing on organic growth and strategic acquisitions. The proposed merger with Viking ParentCo, which would convert CBIZ into a privately held company, is also a significant development, with each share expected to be converted into $55 in cash upon completion.