CBIZ, Inc. reported its financial results for the three and nine months ended September 30, 2026, alongside an announcement regarding a definitive merger agreement. For the third quarter of 2026, the company reported total revenue of $702 million, representing a 1.2% increase compared to the same period in the prior year. Net income for the quarter was $47 million, a 56.7% increase year-over-year, while GAAP earnings per share (EPS) rose to $0.79, up 64.6%.
On a non-GAAP basis, Adjusted EBITDA for the third quarter was $132 million, an increase of 6.3%, while Adjusted diluted EPS reached $1.21, up 14.2%. Looking at the nine-month period ended September 30, 2026, total revenue was $2.233 billion, up 0.8% from the prior year. Net income for the first nine months was $219 million, a 12.2% increase, and GAAP EPS was $3.62, up 18.3%.
CBIZ also disclosed its proposed acquisition by Grant Thornton, backed by New Mountain Capital. Under the agreement, Grant Thornton will acquire CBIZ in an all-cash transaction with an enterprise value of $5.0 billion, or $55.00 per share. The transaction is expected to close in the fourth quarter of 2026, subject to shareholder approval and regulatory clearances. Following the completion of the deal, CBIZ’s common stock will no longer be listed on the New York Stock Exchange, and the company will become private.
Regarding full-year guidance, CBIZ stated that due to the proposed transaction, it will not provide financial outlook for 2026 or host a conference call to discuss the third-quarter results.
