CBIZ Past Earnings Performance
Past criteria checks 5/6
CBIZ has been growing earnings at an average annual rate of 6.3%, while the Professional Services industry saw earnings growing at 12.3% annually. Revenues have been growing at an average rate of 20.6% per year. CBIZ's return on equity is 8.1%, and it has net margins of 5.6%.
Key information
6.32%
Earnings growth rate
3.47%
EPS growth rate
| Professional Services Industry Growth | 10.99% |
| Revenue growth rate | 20.56% |
| Return on equity | 8.15% |
| Net Margin | 5.57% |
| Last Earnings Update | 31 Mar 2026 |
Recent past performance updates
Recent updates
Narrative Update • May 01
CBZ: Higher Future P/E Assumptions Will Support Upside From Mixed Coverage
Analysts have lifted the CBIZ price target from $41 to $43.25, citing updated assumptions on discount rates, profit margins and a higher future P/E multiple, supported by recent mixed but generally constructive research coverage including a $2 price target increase and fresh initiations from multiple firms. Analyst Commentary Recent research on CBIZ reflects a mix of cautious and constructive views, with changes to price targets and new coverage shaping how analysts think about the balance between valuation and execution risk.Narrative Update • Apr 16
CBZ: Future Execution And Buybacks Will Support Upside From Mixed Coverage
Analysts have trimmed their average price target on CBIZ to about $41, down from roughly $44, reflecting updated P/E assumptions, a mix of neutral and bullish new coverage, and a lower $40 target introduced earlier by one firm. Analyst Commentary Recent research on CBIZ points to a mix of optimism around the business model and caution around valuation assumptions, which is reflected in the reset of price targets toward the low US$40 range.Narrative Update • Apr 01
CBZ: Future Execution And Share Repurchases Will Support Upside From Cautious Expectations
Analysts have reduced the CBIZ fair value estimate from $50.00 to approximately $44.33, citing changes to the discount rate, revenue growth, profit margin, and future P/E assumptions that incorporate a mix of recent cautious and bullish research views on the stock. Analyst Commentary Recent research on CBIZ reflects a split view, with some bullish analysts focusing on longer term opportunity and others more cautious after a reset in expectations and price targets.Narrative Update • Mar 18
CBZ: Forward Execution And Buybacks Will Support Upside From Fairly Priced Levels
Analysts have trimmed their 12 month price target on CBIZ to $40 from $60. They say this reflects what they describe as fair valuation following prior stock underperformance linked to execution challenges, macro hiccups and elevated expectations after the Marcum deal.Narrative Update • Mar 03
CBZ: Forward Execution And Buybacks Will Support A Cleaner Post Marcum Outlook
Analysts have cut their CBIZ fair value estimate from $67.50 to $50.00 and lowered the assumed future P/E from 22.21x to 12.07x, reflecting recent price target reductions to $40 from $60 and a view that the current valuation is now closer to fair given execution issues and macro-related hiccups. Analyst Commentary Recent research points to a more cautious stance on CBIZ, with price targets adjusted to reflect what is viewed as a fairer valuation given execution challenges and macro-related hiccups.
New Narrative • Feb 28
Middle Market Outsourcing And AI Adoption Will Strengthen Margins And Earnings Quality
Catalysts About CBIZ CBIZ is a middle market focused professional services firm providing accounting, tax, advisory, benefits and insurance solutions to business clients. What are the underlying business or industry changes driving this perspective?Narrative Update • Feb 17
CBZ: Fairly Priced Outlook Will Rely On Cleaner Post Marcum Execution
Analysts have updated their price target narrative for CBIZ to $67.50, keeping it above Deutsche Bank's new $60 Hold target. They cite recent execution issues, macro hiccups and what they see as a fair current valuation, while still modeling unchanged long term assumptions on revenue growth, profit margin and future P/E, offset by a slightly higher discount rate.Narrative Update • Feb 03
CBZ: Fairly Priced Shares Will Depend On Cleaner Post Marcum Execution
The analyst price target for CBIZ has been reduced from US$81.00 to US$67.50, reflecting analysts' view that the recent valuation appears fair in light of updated assumptions for the discount rate, revenue growth, profit margins, and future P/E. Analyst Commentary Recent research coverage frames CBIZ as fairly valued, with a Hold rating and a US$60 price target, suggesting that current pricing is broadly aligned with updated expectations on growth, margins, and the appropriate P/E multiple.Narrative Update • Jan 20
CBZ: Fairly Priced Shares Will Rely On Cleaner Post Marcum Execution
Narrative Update on CBIZ Analysts have trimmed their fair value estimate for CBIZ from US$91.50 to US$81.00. This reflects updated assumptions for revenue growth, profit margins and future P/E forecasts, following recent research that characterizes the current valuation as fair, with a Hold stance and a US$60 price target.Analysis Article • Jan 08
Investors Interested In CBIZ, Inc.'s (NYSE:CBZ) Earnings
When close to half the companies in the United States have price-to-earnings ratios (or "P/E's") below 19x, you may...Narrative Update • Jan 06
CBZ: Share Repurchases And New Audit Mandates Will Support Future Upside
Analysts have kept their price target on CBIZ steady at US$91.50, citing only marginal tweaks to their discount rate, revenue growth, profit margin, and future P/E assumptions that did not materially change their overall view. What's in the News At its annual meeting on November 5, 2025, Applied Digital Corporation ratified the appointment of CBIZ CPAs P.C. as its independent registered public accounting firm for the fiscal year ending May 31, 2026 (company filing).Narrative Update • Dec 15
CBZ: Share Repurchases Will Drive Future Upside Despite Modest Assumption Changes
Analysts have modestly raised their price target on CBIZ by fine tuning assumptions around a slightly lower discount rate and marginally improved long term valuation multiples, resulting in a revised fair value estimate of 91.50 dollars per share. What's in the News CBIZ launched Vertical Vector AI, a middle market focused AI platform that integrates with clients’ existing Microsoft Azure based infrastructure to optimize workflows and accelerate decision making while keeping data under organizational control (company announcement).Narrative Update • Nov 28
CBZ: Share Repurchases And Modernized Bylaws Will Support Future Upside
Analysts have lowered their price target for CBIZ, adjusting it from $91.50 to $91.50. This change is attributed to slightly higher discount rates and a more conservative outlook on future earnings multiples.Narrative Update • Nov 14
CBZ: Improving Revenue Outlook Will Drive Stronger Performance Ahead
Analysts have raised their price target for CBIZ to $91.50, reflecting improved revenue growth expectations, which outweigh a modest decrease in future profit margin projections. What's in the News CBIZ CPAs P.C. has been appointed as Applied Digital Corporation’s independent registered public accounting firm for the fiscal year ending May 31, 2026 (Client Announcements).Seeking Alpha • Oct 31
CBIZ: How Marcum's Deal Reshapes Its Position In The Mid-Market
Summary CBIZ, Inc. is transforming its market position with the Marcum acquisition, becoming one of the top seven U.S. accounting service providers. The market underestimates CBZ's cross-selling potential, cost synergies, and recurring revenue base, despite concerns about increased debt and integration risks. CBZ management targets rapid debt reduction and expects significant margin and revenue growth, with a 2025 price target of $70 per share, a 30% upside. Read the full article on Seeking AlphaNarrative Update • Oct 30
CBZ: Artificial Intelligence Rollout And Profit Margins Will Drive Market Expansion
Analysts have adjusted their price target for CBIZ from $95 to $91.50, reflecting updated views on revenue growth and profitability projections. What's in the News CBIZ launched Vertical Vector AI, a new artificial intelligence product for middle-market businesses.Analysis Article • Jun 25
CBIZ, Inc. (NYSE:CBZ) Not Flying Under The Radar
With a price-to-earnings (or "P/E") ratio of 44x CBIZ, Inc. ( NYSE:CBZ ) may be sending very bearish signals at the...Analysis Article • May 09
This Is Why CBIZ, Inc.'s (NYSE:CBZ) CEO Compensation Looks Appropriate
Key Insights CBIZ will host its Annual General Meeting on 15th of May CEO Jerry Grisko's total compensation includes...Analysis Article • Mar 07
There May Be Some Bright Spots In CBIZ's (NYSE:CBZ) Earnings
The most recent earnings report from CBIZ, Inc. ( NYSE:CBZ ) was disappointing for shareholders. Despite the soft...Analysis Article • Feb 21
Is Now An Opportune Moment To Examine CBIZ, Inc. (NYSE:CBZ)?
CBIZ, Inc. ( NYSE:CBZ ), is not the largest company out there, but it saw a decent share price growth of 12% on the...Analysis Article • Jan 31
Some Shareholders Feeling Restless Over CBIZ, Inc.'s (NYSE:CBZ) P/E Ratio
CBIZ, Inc.'s ( NYSE:CBZ ) price-to-earnings (or "P/E") ratio of 36.4x might make it look like a strong sell right now...Analysis Article • Oct 18
Is CBIZ, Inc. (NYSE:CBZ) Trading At A 44% Discount?
Key Insights Using the 2 Stage Free Cash Flow to Equity, CBIZ fair value estimate is US$120 CBIZ is estimated to be 44...Analysis Article • Sep 05
Should You Investigate CBIZ, Inc. (NYSE:CBZ) At US$72.73?
CBIZ, Inc. ( NYSE:CBZ ), is not the largest company out there, but it saw significant share price movement during...
New Narrative • Sep 03
Marcum Acquisition And Tactical Investments Propel National Accounting Leader Toward Robust Growth
The acquisition of Marcum by CBIZ may lead to revenue growth through new markets and clients, and enhance its competitive positioning.Analysis Article • Aug 20
Slowing Rates Of Return At CBIZ (NYSE:CBZ) Leave Little Room For Excitement
There are a few key trends to look for if we want to identify the next multi-bagger. Ideally, a business will show two...Seeking Alpha • Aug 06
CBIZ: A Big Deal, Deviating From Its Bolt-On Acquisition Strategy
Summary CBIZ, Inc. is a financial advisory firm and a long-term growth compounder with a history of leveraging organic growth and bolt-on dealmaking. The recent acquisition of Marcum's non-attest business, valued at $2.3 billion, is set to create the 7th largest accounting service provider in the US. Shares of CBIZ fell from $86 to $69 upon the deal announcement, with mixed reactions from investors on the transformative M&A deal. While I like the pullback in response to the deal announcement, overall valuations remain too demanding for me here. Read the full article on Seeking AlphaAnalysis Article • Aug 02
CBIZ, Inc. Just Missed EPS By 43%: Here's What Analysts Think Will Happen Next
It's shaping up to be a tough period for CBIZ, Inc. ( NYSE:CBZ ), which a week ago released some disappointing...Analysis Article • Jun 24
CBIZ, Inc.'s (NYSE:CBZ) Shareholders Might Be Looking For Exit
When close to half the companies in the United States have price-to-earnings ratios (or "P/E's") below 16x, you may...Analysis Article • Jun 06
Calculating The Intrinsic Value Of CBIZ, Inc. (NYSE:CBZ)
Key Insights CBIZ's estimated fair value is US$88.63 based on 2 Stage Free Cash Flow to Equity Current share price of...Analysis Article • May 21
Should You Investigate CBIZ, Inc. (NYSE:CBZ) At US$78.72?
While CBIZ, Inc. ( NYSE:CBZ ) might not have the largest market cap around , it saw a significant share price rise of...Analysis Article • May 03
We Take A Look At Whether CBIZ, Inc.'s (NYSE:CBZ) CEO May Be Underpaid
Key Insights CBIZ's Annual General Meeting to take place on 9th of May Total pay for CEO Jerry Grisko includes...Analysis Article • Apr 28
CBIZ, Inc. (NYSE:CBZ) Analysts Are Pretty Bullish On The Stock After Recent Results
Shareholders might have noticed that CBIZ, Inc. ( NYSE:CBZ ) filed its quarterly result this time last week. The early...Revenue & Expenses Breakdown
Revenue & Expenses Breakdown
How CBIZ makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 31 Mar 26 | 2,769 | 154 | 103 | 0 |
| 31 Dec 25 | 2,758 | 115 | 97 | 0 |
| 30 Sep 25 | 2,676 | 104 | 82 | 0 |
| 30 Jun 25 | 2,421 | 109 | 65 | 0 |
| 31 Mar 25 | 2,157 | 87 | 80 | 0 |
| 31 Dec 24 | 1,813 | 41 | 65 | 0 |
| 30 Sep 24 | 1,681 | 119 | 75 | 0 |
| 30 Jun 24 | 1,652 | 118 | 78 | 0 |
| 31 Mar 24 | 1,631 | 125 | 56 | 0 |
| 31 Dec 23 | 1,591 | 121 | 58 | 0 |
| 30 Sep 23 | 1,559 | 122 | 63 | 0 |
| 30 Jun 23 | 1,511 | 116 | 58 | 0 |
| 31 Mar 23 | 1,475 | 120 | 42 | 0 |
| 31 Dec 22 | 1,412 | 105 | 55 | 0 |
| 30 Sep 22 | 1,360 | 107 | 56 | 0 |
| 30 Jun 22 | 1,279 | 101 | 53 | 0 |
| 31 Mar 22 | 1,196 | 79 | 63 | 0 |
| 31 Dec 21 | 1,105 | 71 | 56 | 0 |
| 30 Sep 21 | 1,073 | 80 | 54 | 0 |
| 30 Jun 21 | 1,029 | 79 | 53 | 0 |
| 31 Mar 21 | 987 | 92 | 50 | 0 |
| 31 Dec 20 | 964 | 78 | 46 | 0 |
| 30 Sep 20 | 956 | 77 | 43 | 0 |
| 30 Jun 20 | 957 | 75 | 44 | 0 |
| 31 Mar 20 | 956 | 70 | 43 | 0 |
| 31 Dec 19 | 948 | 71 | 44 | 0 |
| 30 Sep 19 | 944 | 71 | 43 | 0 |
| 30 Jun 19 | 929 | 67 | 42 | 0 |
| 31 Mar 19 | 926 | 63 | 41 | 0 |
| 31 Dec 18 | 922 | 62 | 39 | 0 |
| 30 Sep 18 | 918 | 67 | 38 | 0 |
| 30 Jun 18 | 902 | 64 | 35 | 0 |
| 31 Mar 18 | 880 | 62 | 35 | 0 |
| 31 Dec 17 | 855 | 51 | 33 | 0 |
| 30 Sep 17 | 839 | 46 | 35 | 0 |
| 30 Jun 17 | 831 | 47 | 36 | 0 |
| 31 Mar 17 | 817 | 44 | 35 | 0 |
| 31 Dec 16 | 800 | 41 | 36 | 0 |
| 30 Sep 16 | 785 | 40 | 35 | 0 |
| 30 Jun 16 | 773 | 39 | 35 | 0 |
| 31 Mar 16 | 761 | 37 | 33 | 0 |
| 31 Dec 15 | 750 | 35 | 33 | 0 |
| 30 Sep 15 | 743 | 34 | 31 | 0 |
| 30 Jun 15 | 736 | 32 | 32 | 0 |
Quality Earnings: CBZ has high quality earnings.
Growing Profit Margin: CBZ's current net profit margins (5.6%) are higher than last year (4%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: CBZ's earnings have grown by 6.3% per year over the past 5 years.
Accelerating Growth: CBZ's earnings growth over the past year (77.5%) exceeds its 5-year average (6.3% per year).
Earnings vs Industry: CBZ earnings growth over the past year (77.5%) exceeded the Professional Services industry 8.7%.
Return on Equity
High ROE: CBZ's Return on Equity (8.1%) is considered low.
Return on Assets
Return on Capital Employed
Discover strong past performing companies
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/05/25 22:25 |
| End of Day Share Price | 2026/05/22 00:00 |
| Earnings | 2026/03/31 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
CBIZ, Inc. is covered by 6 analysts. 5 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Jeffrey Silber | BMO Capital Markets Equity Research |
| Christopher Moore | CJS Securities, Inc. |
| Faiza Alwy | Deutsche Bank |