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Barrett Business Services (BBSI) earnings and revenue breakdown
Latest: Q3 2026 · 10-Q filed Nov 5, 2026 · Barrett Business Services (BBSI) Q3 2026 earnings results →
Q3 2026 Revenue up 5% year over year to $334M · 5¢ of every $1 of revenue kept as net profit · operating margin 6.4%
Barrett Business Services made $334M in Q3 2026 (+5% Y/Y): Professional Employer Services $316M, Staffing Services $17.9M. Operating margin 6.4%, net earnings $16.8M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Nov 5, 2026.
Drawing the Sankey…
Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF
What changed this quarter
Revenue was $334.1M in Q3 2026, up 5% year over year and up 5% from the previous quarter. Professional Employer Services was the largest line at 95% of revenue. Professional Employer Services added $16.5M year over year (up 6%), 109% of the total change. Staffing Services declined 7%.
Gross margin was 21.8%, down 2.3 points from Q3 2025. Operating profit was $21.2M, a 6.4% margin (down 1.4 points year over year). Operating profit fell $3.6M even though revenue rose $15.1M versus Q3 2025, so costs grew faster than sales. Operating expenses fell 1% while revenue rose 5%. The fastest-growing cost line was Other operating costs (+22%). Net earnings were $16.8M, down 19% year over year. The effective tax rate was 25.7%.
Operating cash flow was $26.9M (down 30% year over year), 161% of net earnings. Non-cash charges added back $2.6M of depreciation and amortization and $2.6M of share-based compensation. Working capital and other items added $5.0M. Capital expenditures of $5.4M left free cash flow of $21.6M.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q3 2026 | 10-Q | Nov 5, 2026 | $334M | +5% | 6.4% | $16.8M | $26.9M |
| Q2 2026 | 10-Q | Aug 6, 2026 | $319M | +4% | 4.8% | $12.9M | −$55.9M |
| Q1 2026 | 10-Q | May 7, 2026 | $307M | +5% | -2.1% | −$14.8M | −$22.1M |
| Q4 2025 | 10-K | Feb 26, 2026 | $321M | +5% | 5.8% | $16.4M | $76.1M |
| Q3 2025 | 10-Q | Nov 6, 2025 | $319M | +8% | 7.8% | $20.6M | $38.4M |
| Q2 2025 | 10-Q | Aug 7, 2025 | $308M | +10% | 7.5% | $18.5M | −$53.8M |
| Q1 2025 | 10-Q | May 8, 2025 | $293M | +10% | -1.4% | −$1.0M | $5.2M |
Charts
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🔄Rotation against the market and its industry (RRG)interactive
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⚖️Fair value by methodinteractive
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🔭Outlook & guidanceinteractive
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📈Investments: gains and what it boughtinteractive
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🏭Its industry’s money flow (input-output)interactive
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About Barrett Business Services
Barrett Business Services, Inc. (“BBSI,” the “Company,” “our” or “we”), is a leading provider of business management solutions for small and mid-sized companies. The Company has developed a management platform that integrates a knowledge-based approach from the management consulting industry with tools from the human resource outsourcing industry. This platform, through the effective leveraging of human capital, helps our business owner clients run their businesses more effectively. We believe this platform, delivered through a decentralized organizational structure, differentiates BBSI from our competitors. BBSI was incorporated in Maryland in 1965.
In its own words, from its 10-K, filed Feb 26, 2026.
Barrett Business Services against its Services-Help Supply Services peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +5% against the peers' median +2%. Operating margin: 6.4% against the peers' median 2.4%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| BBSI Barrett Business Services | Q3 2026 | $334M | +5% | 6.4% |
| MAN ManpowerGroup | Q3 2026 | $4.8B | +4% | 1.7% |
| NSP Insperity | Q3 2026 | $1.7B | +2% | -0.1% |
| RHI Robert Half | Q3 2026 | $1.4B | +0.4% | 5.5% |
| EFOR Everforth | Q3 2026 | $1.0B | +2% | 5.5% |
| KELYA Kelly Services | Q3 2026 | $927M | -0.8% | 0.1% |
| AMN AMN Healthcare Services | Q3 2026 | $717M | +13% | 7.0% |
| TBI TrueBlue | Q3 2026 | $521M | +21% | 2.3% |
| TTEC Ttec Holdings | Q2 2026 | $455M | -11% | 2.4% |
Source: Barrett Business Services 10-Q on SEC EDGAR · CIK 902791 · Services-Help Supply Services
Guidance and outlook
13F: who owns BBSI and who is buying
More on BBSI
- How Barrett Business Services makes money: revenue by segment
- Barrett Business Services next earnings date and what analysts expect
- Barrett Business Services stock forecast, price target and fair value
- Who owns Barrett Business Services stock: holders, funds and Congress trades
- Barrett Business Services guidance and outlook
- Is Barrett Business Services a takeover target? LBO and rumors
History
Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results
- Barrett Business Services guidance history: guided vs reported
- Barrett Business Services gross margin by quarter
- Barrett Business Services operating margin by quarter
- Barrett Business Services net income by quarter
- Barrett Business Services free cash flow by quarter
- Barrett Business Services capital expenditures by quarter
- Barrett Business Services Professional Employer Services revenue by quarter
- Barrett Business Services Staffing Services revenue by quarter