With the $55/share take-private at a fixed price, this earnings release has no standalone trading relevance — the stock will trade at a narrow spread to the deal price until close. Monitor for shareholder vote date and regulatory approvals as the only remaining catalysts.
Price Chart
Executive Summary
CBIZ reported Q3 2026 revenue of $702M (+1.2% YoY) and GAAP EPS of $0.79 (+64.6% YoY), with Adjusted EBITDA of $132M (+6.3% YoY). The filing is dominated by the pending $5.0B all-cash acquisition by Grant Thornton at $55.00/share, expected to close in Q4 2026 — guidance is withdrawn and no conference call is held, making this a routine procedural earnings update within a take-private process.
Key Financial Metrics
Key Facts
- Q3 2026 revenue $702M, up 1.2% YoY; Financial Services revenue up 1.2%
- GAAP EPS $0.79, up 64.6% YoY; Adjusted diluted EPS $1.21, up 14.2% YoY
- Adjusted EBITDA $132M, up 6.3% YoY; margin 18.8% vs 17.9% a year ago
- Nine-month operating cash flow $147M, up from $49M; Free cash flow $125M vs $34M
- Pending $5.0B all-cash acquisition by Grant Thornton at $55.00/share — expected Q4 2026 close
- Company has withdrawn fiscal 2026 guidance and suspended earnings calls due to the pending transaction
Financial Impact
Q3 revenue $702M (+1.2% YoY), GAAP net income $47M (+56.7% YoY), Adjusted EBITDA $132M (+6.3% YoY)
Risk Factors
- Transaction may not close if shareholder approval or regulatory clearances are not obtained
- Deal termination would expose CBIZ to standalone risk with withdrawn guidance and no near-term outlook
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001193125-26-424639 |
| Document: d866979d8k.htm | 0001193125-26-424639 |
| Document: 0001193125-26-424639-index-headers.html | 0001193125-26-424639 |
| Document: 0001193125-26-424639-index.html | 0001193125-26-424639 |
| Document: 0001193125-26-424639.txt | 0001193125-26-424639 |
| 8-K Data (Synthetic) | 0001193125-26-424639 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 22, 2026 4d ago | 8-K | $54.89 $54.94 | ▲ +0.09% | ▲ +0.61% | $54.94 (+0.09%) |
Oct 19, 2026 7d ago | 8-K | $54.78 $54.89 | ▲ +0.20% | ▼ −0.13% | $54.94 (+0.29%) |
Oct 19, 2026 7d ago | Press Release | $54.78 $54.89 | ▲ +0.20% | ▼ −0.13% | $54.94 (+0.29%) |
Aug 6, 2026 11w ago | S-3ASR | $54.49 $54.50 | ▲ +0.02% | ▼ −0.59% | $54.94 (+0.83%) |
Jul 31, 2026 12w ago | DEFA14A | $55.08 $55.07 | ▼ −0.02% | ▼ −1.44% | $54.94 (−0.25%) |
Jul 29, 2026 12w ago | DEFA14A | $55.25 $55.08 | ▼ −0.31% | ▼ −1.01% | $54.94 (−0.56%) |
Jul 29, 2026 12w ago | DEFA14A / 8-K | $54.90 $55.25 | ▲ +0.64% | ▼ −1.04% | $54.94 (+0.07%) |
Jul 29, 2026 12w ago | 8-K | $54.90 $55.25 | ▲ +0.64% | ▼ −1.04% | $54.94 (+0.07%) |
Apr 15, 2026 27w ago | Press Release | $30.35 | awaiting T+1 | — | $54.94 (+81.02%) |
Apr 14, 2026 27w ago | Press Release | $29.09 $30.35 | ▲ +4.33% | ▲ +3.56% | $54.94 (+88.86%) |
US Market Status
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