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How Barrett Business Services (BBSI) makes money

Barrett Business Services (BBSI) made $334M of revenue in the third quarter 2026 (Q3 2026), +5% from a year earlier. Professional Employer Services brought in $316M (95%); Staffing Services brought in $17.9M (5%). Of every dollar of revenue, 22¢ was left as gross profit, 6¢ was left as operating profit, 5¢ was left as net earnings.

Drawing the Sankey…

Barrett Business Services revenue by segment, Q3 2026Barrett Business Services revenue by segment, Q3 2026Professional Employer Services$316MStaffing Services$17.9M
Barrett Business Services: revenue by line, Q1 2025 to Q3 2026Barrett Business Services: revenue by line, Q1 2025 to Q3 2026Professional Employer…Staffing ServicesProfessional Employer Services: $316M latest$316MStaffing Services: $17.9M latestQ1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026Q3 2026
The mix barely moved between Q1 2025 and Q3 2026.
Barrett Business Services revenue by quarterBarrett Business Services revenue by quarter$293MQ1 2025$308MQ2 2025$319MQ3 2025$321MQ4 2025$307MQ1 2026$319MQ2 2026$334MQ3 2026
Barrett Business Services: where each dollar of revenue goesBarrett Business Services: where each dollar of revenue goesCost of revenue78¢Gross profit22¢Operating expenses15¢Operating profit6¢Income tax2¢Net earnings5¢Operating cash flow8¢Free cash flow6¢

Revenue by segment, Q3 2026

SegmentRevenueShareQ/QY/Y
Professional Employer Services$316M94.7%+4%+6%
Staffing Services$17.9M5.3%+25%-7%

Where each dollar of revenue goes

LineQ3 2026% of revenue
Revenue$334M100.0%
Cost of revenue$261M78.2%
Gross profit$72.7M21.8%
Operating expenses$51.4M15.4%
Operating profit$21.2M6.4%
Income tax$5.8M1.7%
Net earnings$16.8M5.0%
Operating cash flow$26.9M8.1%
Free cash flow$21.6M6.5%

Revenue, quarter by quarter

QuarterRevenueY/Y
Q3 2026$334M+5%
Q2 2026$319M+4%
Q1 2026$307M+5%
Q4 2025$321M+5%
Q3 2025$319M+8%
Q2 2025$308M+10%
Q1 2025$293M+10%

From Barrett Business Services' 10-Q filed Nov 5, 2026 (on EDGAR).

Questions

How does Barrett Business Services make money?

Barrett Business Services (BBSI) made $334M of revenue in the third quarter 2026 (Q3 2026), +5% from a year earlier. Professional Employer Services brought in $316M (95%); Staffing Services brought in $17.9M (5%). Of every dollar of revenue, 22¢ was left as gross profit, 6¢ was left as operating profit, 5¢ was left as net earnings.

What is Barrett Business Services' biggest business?

Professional Employer Services: $316M in the third quarter 2026, 95% of revenue, +6% from a year earlier.

What is Barrett Business Services' profit margin?

Net earnings were $16.8M, 5.0% of revenue, in the third quarter 2026; the operating margin was 6.4%.

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Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.