The margin recovery is clearly gaining traction with gross profit per WSEE up 8% YoY and operating expenses down 5%. The raised full-year guidance implies continued improvement in Q4, but watch for WSEE growth trajectory as the 2% decline in paid employees remains a headwind to top-line expansion.
Price Chart
Executive Summary
Insperity reported Q3 2026 results with a net loss improving 95% to $1 million and adjusted EBITDA surging 210% to $31 million, driven by margin recovery from higher pricing and cost discipline. Revenue grew 2% to $1.651 billion despite a 2% decline in average paid worksite employees. The company raised its full-year 2026 adjusted EPS guidance to $1.93-$2.28 and adjusted EBITDA guidance to $194-$214 million, reflecting continued margin recovery momentum.
Key Financial Metrics
Key Facts
- Q3 2026 revenue of $1.651 billion, up 2% YoY from $1.623 billion
- Q3 2026 gross profit of $207 million, up 6% YoY from $195 million
- Q3 2026 net loss improved 95% to $1 million from a $20 million loss in Q3 2025
- Q3 2026 diluted EPS improved 96% to $(0.02) from $(0.53)
- Q3 2026 adjusted EPS of $0.22, up 210% from $(0.20) in Q3 2025
- Q3 2026 adjusted EBITDA of $31 million, up 210% from $10 million in Q3 2025
- Average paid WSEEs decreased 2% YoY to 307,265 in Q3 2026
- Full-year 2026 adjusted EPS guidance raised to $1.93-$2.28 (from prior $1.60-$2.60)
- Full-year 2026 adjusted EBITDA guidance raised to $194-$214 million (from prior $170-$230 million)
- Repurchased 131,000 shares for $6 million during Q3 2026
- Adjusted cash at September 30, 2026 totaled $119 million, up from $36 million at March 31, 2026
Financial Impact
Q3 adjusted EBITDA of $31 million (up 210% YoY) and full-year adjusted EPS guidance raised to $1.93-$2.28 represent a significant earnings rebound from the prior year's losses.
Risk Factors
- Average paid WSEEs continue to decline (down 2% YoY in Q3), indicating weak client hiring activity
- Benefits costs per covered employee increased 4% over Q3 2025, pressuring gross margins
- Long-term debt increased to $419 million from $369 million at year-end 2025
- Q4 2026 adjusted EPS guidance midpoint of $0.245 is below Q3's $0.22 actual, suggesting sequential deceleration
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001000753-26-000101 |
| Document: nsp-20261029.htm | 0001000753-26-000101 |
| Document: 0001000753-26-000101-index-headers.html | 0001000753-26-000101 |
| Document: 0001000753-26-000101-index.html | 0001000753-26-000101 |
| Document: 0001000753-26-000101.txt | 0001000753-26-000101 |
| 8-K Data (Synthetic) | 0001000753-26-000101 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 29, 2026 3d ago | 8-K | $46.29 $48.68 | ▲ +5.16% | ▲ +6.94% | $48.68 (+5.16%) |
Jul 22, 2026 14w ago | Institutional Cluster | $47.98 $48.35 | ▲ +0.77% | ▲ +0.67% | $48.68 (+1.46%) |
Jun 11, 2026 20w ago | Institutional Cluster | $37.68 $36.60 | ▼ −2.87% | ▼ −3.41% | $48.68 (+29.19%) |
May 20, 2026 23w ago | 8-K | $30.31 $31.52 | ▲ +3.99% | ▲ +3.54% | $48.68 (+60.61%) |
Apr 30, 2026 26w ago | 8-K | $28.53 $29.55 | ▲ +3.58% | ▲ +3.92% | $48.68 (+70.63%) |
US Market Status
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