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MARKETS / NYSE / CBZ
NYSE · SERVICES-BUSINESS SERVICES, NEC · LARGE CAP

Cbiz, Inc. CBZ

17 fiscal years on record · USD · FY2025 reported · SEC filings only
$2.8B
▲ 52.1% YoY
$115.4M
▲ 181.3% YoY
$175.5M
▲ 58.4% YoY
In brief

What this company does

CBIZ provides accounting, tax, advisory, benefits, insurance, and technology services to middle-market businesses nationwide. CBIZ has more than 9,500 team members across more than 140 locations in 23 major markets coast to coast. Its largest client, served by the National Practices group, generated approximately 1.7% of its consolidated revenue in 2025. CBIZ delivers its services through three practice groups: Financial Services, Benefits and Insurance Services, and National Practices. Its National Practices group provides managed networking and hardware services to a single client under a cost-plus contract that expires on December 31, 2028, and it has served that client in the United States and Canada for more than 20 years. CBIZ was founded in 1996.

Written from the business description in CBIZ, Inc.'s annual report to the U.S. Securities and Exchange Commission, filed 26 February 2026. Every sentence was checked against that document before publication.

Growth
USD 2.8B
Revenue, FY2025 · full 17-year series below
Revenue $B Net income $B
FY2025 · Revenue 2.8 · Net income 0.1
1B2B200920112013201520172019202120232025
Compound annual growth
+25.0%
+23.4%
+13.9%
+9.3%
+3.1%
+8.1%
+13.0%
+10.9%
−3.1%
+5.4%
+10.9%
+10.3%
+12.5%
+26.2%
+20.0%
+4.3%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +23.4% a year over five years — but profit grew slower: net income at +8.1%, earnings per share at +5.4%.

The share count rose from 0.05B to 0.05B over the period.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability
4 cents
of every revenue dollar became profit
Operating margin Net margin
FY2025 · Operating 8.5% · Net 4.2%
5%10%200920112013201520172019202120232025
ROE
FY2025 · ROE 6.5%
10%20%200920112013201520172019202120232025
Gross margin12.9%
Operating margin8.5%
Net margin4.2%
Return on assets2.6%
EBITDAUSD 332.3M

Each USD of equity produced 7 cents of profit this year.

Cash & shareholders
USD 160.1M
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2025 · FCF 175.5
80M160M200920112013201520172019202120232025
Net buybacks $M Dividends $M
FY2025 · Dividends — · Net buybacks 160.1
80M160M200920112013201520172019202120232025
Dividends paid—
Net buybacksUSD 160.1M
Share of profit138.7%
Consecutive raises—

USD 160.1M in buybacks — 139% of the year's profit, so the payout drew on cash built up earlier.

Total assetsUSD 4.4B
EquityUSD 1.8B
CashUSD 18.3M
Gross debtUSD 1.5B
Net debtUSD 1.4B
Current ratio1.22×

Net debt stands at 82% of equity.

The 17-year record
17 fiscal years
Every figure from documents filed with the SEC · USD
row low → row highnegative
Metric 20252024202320222021202020192018201720162015201420132012201120102009
Revenue $B2.81.81.61.41.11.00.90.90.90.80.80.70.70.60.60.70.7
Operating income $B0.20.10.20.20.10.10.10.10.10.10.10.10.00.00.00.10.1
EBITDA $B0.30.10.20.20.10.10.10.10.10.10.10.10.10.10.10.10.1
Income tax $B0.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.0
Net income $B0.10.00.10.10.10.10.10.10.10.00.00.00.10.00.00.00.0
Free cash flow $B0.20.10.10.10.10.10.10.10.10.10.00.0−0.00.10.10.10.0
EPS, diluted $1.830.782.392.011.321.411.261.090.910.750.650.581.750.630.560.420.51
Dividend / sh $·················
Payout %·················
ROE %6.53.216.114.910.111.511.311.010.08.88.27.725.611.211.49.811.6
Shares out B0.050.050.050.050.050.050.060.060.050.050.050.050.050.050.050.05·

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Provenance
Company facts, as filed
How we verify · 0 failures in 83 reconciliationsAUDITED

Reconciled in 17 of 19 fiscal years. 12 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures
ActivityServices-Business Services, NEC
Listed onNYSE
Incorporated inDelaware
Fiscal year endsDecember 31
Data on record since2009

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