NYSE$CBZ

Cbiz Inc · Q2 2025 earnings

Q2 2025 earnings · · After market close · Investor relations

Briefing

CBIZ reported strong Q2 2025 revenue and earnings growth driven by the Marcum acquisition.

CBIZ posted revenue of $683.5 million for the three months ended June 30, 2025, up 62.7% year-over-year, with net income rising to $41.9 million and diluted EPS at $0.66. The Marcum acquisition contributed the majority of the growth, adding $256.2 million in revenue and significantly expanding the Financial Services segment. Operating income reached $60.3 million while the company maintained compliance with all debt covenants under its expanded credit facilities.

  • Revenue increased 62.7% to $683.5 million, primarily from the Marcum acquisition completed in November 2024.
  • Diluted EPS rose to $0.66 from $0.39 in Q2 2024, with net income more than doubling to $41.9 million.
  • Financial Services segment revenue surged 84.3% to $569.8 million, accounting for 83.4% of total revenue.
  • Net debt stood at $1.57 billion under the 2024 Credit Facilities, with the company in full covenant compliance.

Headline financials

Total Revenue

$683M

Previous: $420M+62.7%
EPS (adj)

$0.66

Previous: $0.39+69.2%
Capital Expenditures

-$13.1M

Previous: -$6.97M-88.2%
Net Income

$41.9M

Previous: $19.8M+111.9%
Operating Income

$60.3M

Previous: $31.6M+90.8%

Revenue & EPS history

CBIZ · Revenue · Quarterly

$683M

Q2 2025+62.7%vs Q2 2024
Beat estimate in 9 of 16 quarters(56%)
ActualEstimate

Revenue by segment

CBIZ · $683M total across 3 segments · Q2 2025

  • Financial Services
    $570M
  • Benefits and Insurance Services
    $102M
  • National Practices
    $11.7M

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports

Historical avg

+0.1%

Avg return

Earnings day

+0.5%

Avg return

5 days after

+2.3%

Avg return

30 days after

55%

36 / 65 earnings

Positive

+16.7%

Q4 2025

Best reaction

-15.1%

Q2 2024

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q2 2025
Q1 2026-8.0%-5.6%-0.5%
Q4 2025+16.7%+9.5%-4.2%
Q3 2025+3.0%+7.3%-5.1%
Q1 2025-14.0%-13.0%-6.9%
Q4 2024-5.2%-10.0%-12.1%
Q3 2024+6.0%+4.2%+23.3%
Q2 2024-15.1%-19.4%-14.4%
Q1 2024-7.1%-9.1%+0.8%
Q4 2023+10.5%+11.8%+16.1%
Q3 2023-1.3%+2.3%+14.8%
Q2 2023-2.2%+1.4%+2.2%
Q1 2023+3.0%+0.1%-2.0%
Q4 2022+4.5%+3.2%-1.5%
Q3 2022+6.0%+3.5%+5.6%
Q2 2022+5.0%+3.5%+3.0%
Q1 2022+1.9%-2.2%+0.4%
Q4 2021-4.7%-5.1%+3.3%
Q3 2021+3.2%+6.0%+6.1%
Q2 2021+3.6%+4.5%+8.6%
Q1 2021+1.6%+3.7%+0.5%
Q4 2020+3.7%+6.7%+14.0%
Q3 2020+1.3%+5.9%+11.4%
Q2 2020+6.0%+6.5%+7.7%
Q1 2020-4.2%-3.2%+16.2%
Q4 2019-2.0%-3.4%-39.1%
Q3 2019+7.8%+5.9%+5.8%
Q2 2019+0.6%-0.7%-2.8%
Q1 2019-5.5%-6.1%-3.7%
Q4 2018-0.5%+2.2%-2.8%
Q3 2018-3.6%-3.2%-7.5%
Q2 2018-1.6%-0.7%+8.9%
Q1 2018+1.9%+3.0%+13.7%
Q4 2017+9.8%+13.5%+17.5%
Q3 2017-11.0%-10.1%-11.6%
Q2 2017+0.7%-1.0%+2.7%
Q1 2017+3.6%+2.6%-1.3%
Q4 2016+1.9%+2.3%+6.0%
Q3 2016+0.9%-1.4%+11.3%
Q2 2016+1.0%+3.3%+3.0%
Q1 2016+2.7%
Q4 2015-1.1%
Q3 2015-1.5%
Q2 2015+1.7%
Q1 2015-1.8%
Q4 2014-0.4%
Q3 2014+9.2%
Q2 2014-2.2%
Q1 2014-3.3%
Q4 2013+3.8%
Q3 2013+6.0%
Q2 2013-3.8%
Q1 2013+0.5%
Q4 2012+0.3%
Q3 2012-5.2%
Q2 2012-10.6%
Q1 2011+1.1%
Q1 2012+1.7%
Q4 2009+1.1%
Q4 2011+1.1%
Q3 2010-4.8%
Q3 2011-4.8%
Q2 2011-0.8%
Q4 2010-0.8%
Q2 2010-0.8%
Q1 2010+3.0%

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