CBIZ, Inc. filings document the regulatory record for a NYSE-listed professional services advisor serving middle-market businesses. Recent Form 8-K reports furnish quarterly and annual operating results, financial condition updates, earnings outlook commentary, share repurchase authorizations, officer changes, and amendments to the company's bylaws.
CBIZ proxy materials describe corporate governance matters, director election standards, stockholder meeting procedures, advance notice provisions, universal proxy rules, and shareholder voting items. The filing record also identifies the company's common stock and related capital-structure disclosures, including repurchase mechanics and financing sources tied to operating cash flow and credit facilities.
CBIZ, Inc. filed Amendment No. 1 to its annual report to correct the number of common shares outstanding on the cover page for the period ended December 31, 2025.
The amended cover now reports 55,073,267 outstanding shares as of February 20, 2026, and notes that the aggregate market value of voting and non-voting common stock held by non-affiliates was approximately $3,830.6 million as of June 30, 2025.
The company states that no other changes were made to the original annual report. The amendment adds new Section 302 certifications from the principal executive and financial officers as exhibits and does not include financial statements or related Section 906 certifications.
CBIZ, Inc. reports in its annual filing that it has become a larger, more acquisition-driven professional services firm focused on middle‑market clients across accounting, tax, advisory, benefits, insurance, and technology. Total CBIZ revenue reached $2,757.991 million for the year ended December 31, 2025, with Financial Services contributing 83.4%, Benefits and Insurance Services 14.9%, and National Practices 1.7%.
The company emphasizes a growth strategy built on recurring revenue, cross‑selling, and strategic acquisitions, highlighted by its transaction involving the non‑attest business assets of Marcum and the related attest asset purchase by CBIZ CPAs. This has materially increased revenue, goodwill, intangible assets, and the number of SEC‑reporting attest clients served through its administrative service agreements.
CBIZ outlines extensive risk factors, including integration and liability risks from acquisitions, heavy use of goodwill and intangibles, regulatory and auditor‑independence constraints tied to its affiliated CPA firms, cyber and data‑security exposure, competitive pressure, seasonality in tax and accounting services, and higher leverage, with $1,472.4 million of debt outstanding under its 2024 Credit Facilities.
CBIZ, Inc. reported a very strong 2025, with total revenue of $2.76 billion, up 52.1%, largely driven by the Marcum acquisition and integration progress. Net income rose to $115.4 million, an increase of 181.3%, and GAAP diluted EPS climbed to $1.83, up 134.6%.
Profitability on an adjusted basis also improved sharply: Adjusted EBITDA reached $446.9 million, up 125.5%, and Adjusted EPS was $3.61, up 79.6%. Operating cash flow grew 55.6% to $192.5 million, while free cash flow increased 58.4% to $175.5 million.
Management highlighted that Marcum integration is largely complete, with synergies tracking ahead of plan, and outlined four strategic priorities around talent, brand, industry specialization and expanded services. For 2026, CBIZ targets approximately 2% to 5% revenue growth, Adjusted EPS of about $3.75 to $3.85, Adjusted EBITDA of about $450 million to $460 million, and free cash flow of about $270 million to $290 million, implying about 60% conversion of Adjusted EBITDA.
Mangan Michael T. reported disposition transactions in a Form 4 filing for CBZ. The filing lists transactions totaling 183 shares at a weighted average price of $27.84 per share. Following the reported transactions, holdings were 4,171 shares.
CBIZ, Inc. executive Michael P. Kouzelos reported a tax-related share disposition. On February 14, 2026, 1,059 shares of CBIZ common stock were withheld at $27.84 per share to cover taxes upon vesting of previously granted restricted stock units. After this tax-withholding disposition, he directly owned 367,958 CBIZ shares.
CBIZ, Inc. CEO & President Jerome P. Grisko, Jr. reported a tax-withholding disposition of 4,510 shares of CBIZ common stock on February 14, 2026. The shares were withheld at $27.84 per share to cover taxes upon vesting of restricted stock units granted on February 14, 2025.
After this transaction, he directly held 75,109.3372 CBIZ shares and had additional indirect beneficial ownership through several trusts and SLAT vehicles holding 177,914, 307,080, 24,325, and 518,603 shares, respectively.
CBIZ, Inc. announced that its Board of Directors has authorized the continuation of the company’s long-running share repurchase program. The new authorization allows CBIZ to buy back up to 5 million shares of its common stock and runs through March 31, 2027.
The program replaces the prior authorization from February 11, 2025 and permits purchases in the open market, in privately negotiated deals, and under Rule 10b5-1 trading plans, subject to credit facility limits. CBIZ expects to fund any repurchases with operating cash flow and borrowings under its credit facility, but is not obligated to buy any specific number of shares.
Durable Capital Partners has filed an amended Schedule 13G reporting a passive ownership stake in CBIZ, Inc. common stock. The firm is deemed to beneficially own 1,631,969 shares, representing 3.0% of the outstanding stock, based on 54,401,424 shares outstanding as of October 24, 2025.
The shares are held directly by Durable Capital Master Fund LP, while Durable Capital Partners, as investment adviser, has sole power to vote and dispose of them. The filing states the position is held in the ordinary course of business and not for the purpose of changing or influencing control of CBIZ.
Kouzelos Michael P reported multiple insider transaction types in a Form 4 filing for CBZ. The filing lists transactions totaling 15,389 shares at a weighted average price of $30.47 per share. Following the reported transactions, holdings were 373,783 shares.
Mangan Michael T. reported multiple insider transaction types in a Form 4 filing for CBZ. The filing lists transactions totaling 2,993 shares at a weighted average price of $30.47 per share. Following the reported transactions, holdings were 5,282 shares.