Filing Flows › Barrett Business Services (BBSI) › Q3 2026
Barrett Business Services (BBSI) Q3 2026 earnings results (third quarter 2026)
10-Q filed Nov 5, 2026
Barrett Business Services (BBSI) reported revenue of $334M for the third quarter 2026 (Q3 2026), +5% from a year earlier and +5% from the quarter before. Operating margin was 6.4%, net earnings $16.8M (5.0% of revenue).
Barrett Business Services, Q3 2026: revenue $334M (+5% year over year), operating margin 6.4%, net earnings $16.8M, operating cash flow $26.9M. The chart follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $334M | +5% | +5% |
| Gross profit | $72.7M | +12% | -5% |
| Operating profit | $21.2M | +38% | -14% |
| Net earnings | $16.8M | +30% | -19% |
| Operating cash flow | $26.9M | — | -30% |
| Free cash flow | $21.6M | — | -37% |
What changed
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.
Questions
What was Barrett Business Services' revenue in the third quarter 2026?
Barrett Business Services (BBSI) reported revenue of $334M for the third quarter 2026 (Q3 2026), +5% from a year earlier and +5% from the quarter before.
Was Barrett Business Services profitable in the third quarter 2026?
Operating profit was $21.2M (6.4% of revenue) and net earnings $16.8M.