CBIZ, Inc. has announced its financial results for the third quarter of 2026, revealing a 1.2% increase in total revenue to $702 million. The company also reported a significant 56.7% rise in net income, reaching $47 million, and a 64.6% increase in GAAP earnings per share (EPS), now at $0.79. This growth comes as CBIZ prepares for a major merger with Grant Thornton, a move that could significantly alter its operational landscape.

CBIZ, Inc., incorporated in Delaware and traded on the New York Stock Exchange under the ticker CBZ, operates within the Services-Business Services, NEC industry. The company provides a range of professional services, including accounting, tax, advisory, benefits, insurance, and technology solutions. With a workforce of over 9,500 employees across 23 markets, CBIZ has established itself as a key player in the industry.

According to the recent SEC filing dated October 19, 2026, CBIZ's press release highlighted several key financial metrics. The company reported:

Total revenue of $702 million, up 1.2%; Financial Services revenue up 1.2%.

Net income of $47 million, up 56.7%; GAAP EPS of $0.79, up 64.6%.

Adjusted EBITDA of $132 million, up 6.3%; Adjusted diluted EPS of $1.21, up 14.2%.

For the nine months ended September 30, 2026, CBIZ reported total revenue of $2.233 billion, a 0.8% increase, and net income of $219 million, up 12.2%. However, adjusted EBITDA for this period was slightly down at $479 million, a decrease of 1.2%.

In addition to its financial results, CBIZ is advancing with a merger agreement with Grant Thornton, backed by New Mountain Capital. This all-cash transaction is valued at $5 billion, or $55 per share, and is expected to close in the fourth quarter of 2026, contingent on shareholder approval and regulatory clearances. Once finalized, CBIZ will no longer be listed on the NYSE and will transition to a private company.

The proposed merger is indicative of the ongoing consolidation within the business services sector, where firms are increasingly seeking to enhance their capabilities and market reach through strategic partnerships. The merger with Grant Thornton is expected to provide CBIZ with additional resources and expertise, potentially leading to improved service offerings and operational efficiencies.

Looking ahead, CBIZ has indicated that it will not provide financial guidance for the full year of 2026 due to the pending merger. This decision underscores the uncertainty that can accompany significant corporate transactions, as the company navigates the complexities of the merger process.

As CBIZ moves forward, stakeholders will be closely monitoring the developments surrounding the merger and its implications for the company's future performance in the competitive business services landscape.