Filing Flows › Cbiz (CBZ) › Q2 2025
Cbiz (CBZ) Q2 2025 earnings results (second quarter 2025)
10-Q filed Jul 31, 2025
Cbiz (CBZ) reported revenue of $683M for the second quarter 2025 (Q2 2025), +63% from a year earlier and -18% from the quarter before. Operating margin was 8.8%, net earnings $41.9M (6.1% of revenue).
Cbiz, Q2 2025: revenue $683M (+63% year over year), operating margin 8.8%, net earnings $41.9M, operating cash flow $113M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $683M | -18% | +63% |
| Gross profit | $87.9M | -61% | +64% |
| Operating profit | $60.3M | -70% | +91% |
| Net earnings | $41.9M | -66% | +112% |
| Operating cash flow | $113M | — | +28% |
| Free cash flow | $105M | — | +22% |
What changed
Revenue was $683.5M in Q2 2025, up 63% year over year and down 18% from the previous quarter.
Gross margin was 12.9%, up 0.1 points from a year earlier. Operating profit was $60.3M, a 8.8% margin (up 1.3 points year over year). Of the extra revenue versus a year earlier, 11% reached operating profit, above the 8% margin then. Operating expenses grew 25% against revenue growth of 63%. Net earnings were $41.9M, up 112% year over year. The effective tax rate was 27.4%.
Operating cash flow was $113.1M (up 28% year over year), 270% of net earnings. Non-cash charges added back $25.1M of depreciation and amortization and $6.6M of share-based compensation. Working capital and other items added $39.5M. Capital expenditures of $7.9M left free cash flow of $105.2M.
Questions
What was Cbiz's revenue in the second quarter 2025?
Cbiz (CBZ) reported revenue of $683M for the second quarter 2025 (Q2 2025), +63% from a year earlier and -18% from the quarter before.
Was Cbiz profitable in the second quarter 2025?
Operating profit was $60.3M (8.8% of revenue) and net earnings $41.9M.
Source: Cbiz 10-Q on SEC EDGAR.