The financials
CBIZ, Inc. by the numbers
CBIZ, Inc. (CBZ) reported revenue of $543M in Q4 2025 (quarter ended Dec 31, 2025), up 18% from the same quarter a year earlier. That came with a gross margin of −9.4% and net loss of $79M. For the full year FY2025, revenue was $2.76B (+52% year on year) and net income $115M. Its largest product in Q4 2024 (quarter ended Dec 31, 2024) was Core Benefits And Insurance Services at $384M, 47% of the disclosed total, just ahead of Accounting Tax Advisory And Consulting at 44%.
| Income statement | Q4 2025 | Q4 2024 | Change |
|---|---|---|---|
| Revenue | $543M | $460M | +18% |
| Gross profit | −$51M | −$62M | n/a |
| Operating income | −$85M | −$107M | n/a |
| Net income | −$79M | −$91M | n/a |
| Diluted EPS | −$1.23 | −$1.84 | n/a |
| Product | Revenue | Share |
|---|---|---|
| Core Benefits And Insurance Services | $384M | 47% |
| Accounting Tax Advisory And Consulting | $358M | 44% |
| Managed Networking And Hardware Services | $42M | 5.1% |
| Non Core Benefits And Insurance Services | $17M | 2.2% |
| National Practices Consulting | $8.4M | 1.0% |
Business Segments
Revenue split by product segment, from SEC XBRL filings.
Latest period: Q4 2024Total $809.3M (+151%)
Accounting Tax Advisory And Consulting grew +57% year on yearNational Practices Consulting -23% year on year
Segment Latestquarter on quarteryear on year
- Core Benefits And Insurance Services$383.6M$383.6MQoQ -year on year +4.8%-+4.8%
- Accounting Tax Advisory And Consulting$358.4M$358.4MQoQ +11%year on year +57%+11%+57%
- Managed Networking And Hardware Services$41.5M$41.5MQoQ -year on year +12%-+12%
- Non Core Benefits And Insurance Services$17.5M$17.5MQoQ -year on year +4.4%-+4.4%
- National Practices Consulting$8.4M$8.4MQoQ -year on year -23%--23%
Specialty Business Services
Ranks #13 of 18 by Smart Score