Filing Flows › Cbiz (CBZ) › Q3 2025
Cbiz (CBZ) Q3 2025 earnings results (third quarter 2025)
10-Q filed Oct 30, 2025
Cbiz (CBZ) reported revenue of $694M for the third quarter 2025 (Q3 2025), +58% from a year earlier and +2% from the quarter before. Operating margin was 8.5%, net earnings $30.1M (4.3% of revenue).
Cbiz, Q3 2025: revenue $694M (+58% year over year), operating margin 8.5%, net earnings $30.1M, operating cash flow $24.0M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $694M | +2% | +58% |
| Gross profit | $90.1M | +3% | +24% |
| Operating profit | $58.9M | -2% | +18% |
| Net earnings | $30.1M | -28% | -14% |
| Operating cash flow | $24.0M | -79% | -45% |
| Free cash flow | $22.1M | -79% | -46% |
What changed
Revenue was $693.8M in Q3 2025, up 58% year over year and up 2% from the previous quarter.
Gross margin was 13.0%, down 3.6 points from a year earlier. Operating profit was $58.9M, a 8.5% margin (down 2.8 points year over year). Of the extra revenue versus a year earlier, 4% reached operating profit, below the 11% margin then. Operating expenses grew 35% against revenue growth of 58%. Net earnings were $30.1M, down 14% year over year. The effective tax rate was 25.4%.
Operating cash flow was $24.0M (down 45% year over year), 79% of net earnings. Non-cash charges added back $24.5M of depreciation and amortization and $7.3M of share-based compensation. Working capital and other items used $38.0M. Capital expenditures of $1.9M left free cash flow of $22.1M.
Questions
What was Cbiz's revenue in the third quarter 2025?
Cbiz (CBZ) reported revenue of $694M for the third quarter 2025 (Q3 2025), +58% from a year earlier and +2% from the quarter before.
Was Cbiz profitable in the third quarter 2025?
Operating profit was $58.9M (8.5% of revenue) and net earnings $30.1M.
Source: Cbiz 10-Q on SEC EDGAR.