Overview
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- TickerCBZ on NYSE1
- IndustryServices-Business Services, NEC1
- HeadquartersIndependence, Ohio1
- Incorporated inDE2
- Business address5959 Rockside Woods Blvd N., Suite 600, Independence, Oh 441312
- Filer categoryLarge accelerated filer2
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CBIZ, Inc. (NYSE: CBZ) is a leading professional services advisor to middle-market businesses nationwide. With industry knowledge and expertise in accounting, tax, advisory, benefits, insurance, and technology, CBIZ delivers actionable insights to help clients anticipate what is next and discover new ways to accelerate growth. CBIZ has more than 9,500 team members across more than 140 locations in 23 major markets coast to coast.4 From its latest annual report
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025
12.9%Gross margin5
8.5%Operating margin5
4.2%Net margin5
52.1%Revenue growth, 20255
6.6%Return on equity5
0.79×Debt to equity5
$175.5MFree cash flow5
What sells
Revenue by product, business segment and region, as the company reports it to the SEC.
Products and services
Accounting Tax Advisory And Consulting brought in 68% of the revenue CBIZ, Inc. broke down this way in fiscal 2025.
Products and services by year
| Products and services | 2023 | 2024 | 2025 |
|---|---|---|---|
| Accounting Tax Advisory And Consulting | $1.2B | $1.4B | $2.3B |
| Financial Service | $259.6M | $306.5M | $651.2M |
| Core Benefits And Insurance Services | $365.8M | $383.6M | $391.8M |
| Managed Networking And Hardware Services | $37.0M | $41.5M | $46.9M |
| Non Core Benefits And Insurance Services | $16.8M | $17.5M | $17.9M |
Business segments
Financial Services brought in 84% of the revenue CBIZ, Inc. broke down this way in fiscal 2025.
Business segments by year
| Business segments | 2023 | 2024 | 2025 |
|---|---|---|---|
| Financial Services | $1.2B | $1.4B | $2.3B |
| Benefits And Insurance Services | $382.6M | $401.0M | $409.6M |
| National Practices | $47.9M | $49.9M | $46.9M |
Regions
United States brought in 100% of the revenue CBIZ, Inc. broke down this way in fiscal 2025.
Regions by year
| Regions | 2023 | 2024 | 2025 |
|---|---|---|---|
| United States | $1.6B | $1.8B | $2.8B |
| CA [member] | $1.7M | $2.4M | $1.8M |
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Cost of revenue87¢$2.4B
- Other costs7¢$194.6M
- Income tax2¢$45.4M
- Profit4¢$115.4M
Out of $2.8B in revenue.5
Where each dollar of operating cash went, fiscal 2025
- Capital spending9¢$17.0M
- Share buybacks83¢$160.1M
- Kept or used elsewhere8¢$15.4M
Out of $192.5M of cash from operations.5
Financial statements
Every line of the income statement as filed: the last 3 fiscal years, latest first.5
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Revenue | $2.8B | $1.8B | $1.6B |
| Operating expenses | $2.4B | $1.6B | $1.4B |
| Gross margin | $355.4M | $182.5M | $223.2M |
| Corporate general and administrative expenses | $121.4M | $108.8M | $58.0M |
| Operating income | $234.0M | $73.7M | $165.2M |
| Interest expense | -$107.2M | -$34.4M | -$20.1M |
| Gain on sale of operations, net | $711.0K | $4.9M | $176.0K |
| Other income, net | $33.3M | $13.5M | $21.0M |
| Total other income (expense), net | -$73.2M | -$15.9M | $1.1M |
| Income before income tax expense | $160.8M | $57.8M | $166.3M |
| Provision for income taxes | $45.4M | $16.8M | $45.3M |
| Net income | $115.4M | $41.0M | $121.0M |
| Basic (in dollars per share) | $1.84 | $0.78 | $2.42 |
| Diluted (in dollars per share) | $1.83 | $0.78 | $2.39 |
| Basic weighted average common shares outstanding (in shares) | 62.9M shares | 52.4M shares | 50.0M shares |
| Diluted weighted average common shares outstanding (in shares) | 63.2M shares | 52.7M shares | 50.6M shares |
| Net unrealized gain on available-for-sale securities, net of income tax expense of $88, $182 and $403 | $222.0K | $457.0K | $1.0M |
| Net unrealized loss on interest rate swaps, net of income tax benefit of $1,568, $287 and $952 | -$4.7M | -$989.0K | -$2.8M |
| Foreign currency translation | -$18.0K | -$27.0K | -$18.0K |
| Total other comprehensive loss | -$4.5M | -$559.0K | -$1.8M |
| Total comprehensive income | $110.9M | $40.5M | $119.1M |
| Net unrealized gain (loss) on available-for-sale securities, net of income tax expense | $88.0K | $182.0K | $403.0K |
| Net unrealized gain (loss) on interest rate swaps, net of income tax benefit | -$1.6M | -$287.0K | -$952.0K |
No quarter-by-quarter statement was filed.
Every line of the balance sheet as filed: the last 4 fiscal years (annual) or 4 quarters (quarterly), latest first.5
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Cash and cash equivalents | $18.3M | $13.8M | $8.1M | |
| Restricted cash | $38.2M | $38.7M | ||
| Accounts receivable, net | $556.0M | $534.9M | ||
| Other current assets | $79.7M | $72.5M | ||
| Current assets before funds held for clients | $692.2M | $659.9M | ||
| Funds held for clients | $207.0M | $175.9M | ||
| Total current assets | $899.2M | $835.7M | ||
| Property and equipment, net | $81.2M | $88.2M | ||
| Goodwill and other intangible assets, net | $2.9B | $2.9B | ||
| Assets of deferred compensation plan | $186.9M | $167.2M | ||
| Right-of-use asset | $334.0M | $393.5M | ||
| Other non-current assets | $38.3M | $40.8M | ||
| Total non-current assets | $3.5B | $3.6B | ||
| Total assets | $4.4B | $4.5B | ||
| Accounts payable | $90.9M | $90.6M | ||
| Income taxes payable | $11.0M | $0 | ||
| Accrued personnel costs | $197.5M | $172.8M | ||
| Contingent purchase price liability | $30.0M | $61.2M | ||
| Lease liability | $64.7M | $60.5M | ||
| Total short-term debt | $66.4M | $66.2M | ||
| Other current liabilities | $68.3M | $78.6M | ||
| Current liabilities before client fund obligations | $528.9M | $529.9M | ||
| Client fund obligations | $206.7M | $175.9M | ||
| Total current liabilities | $735.6M | $705.8M | ||
| Total long-term debt | $1.4B | $1.3B | ||
| Income taxes payable | $3.0M | $2.2M | ||
| Deferred income taxes, net | $7.1M | $10.9M | ||
| Deferred compensation plan obligations | $186.9M | $167.2M | ||
| Contingent purchase price liability | $10.2M | $35.8M | ||
| Lease liability | $307.9M | $372.6M | ||
| Other non-current liabilities | $7.2M | $62.7M | ||
| Total non-current liabilities | $1.9B | $2.0B | ||
| Total liabilities | $2.6B | $2.7B | ||
| Common stock, par value $0.01 per share; shares authorized 250,000; shares issued 144,654 and 137,945; shares outstanding 54,380 and 50,198 | $1.4M | $1.4M | ||
| Additional paid-in capital | $1.8B | $1.8B | ||
| Retained earnings | $1.0B | $896.1M | ||
| Treasury stock, 90,274 and 87,747 shares | -$1.1B | -$910.6M | ||
| Accumulated other comprehensive (loss) income | -$3.3M | $1.2M | ||
| Total stockholders equity | $1.8B | $1.8B | $791.6M | $713.5M |
| Total liabilities and stockholders equity | $4.4B | $4.5B | ||
| Common stock, par or stated value (in dollars per share) | $0.01 | $0.01 | ||
| Common stock, shares authorized (in shares) | 250.0M shares | 250.0M shares | ||
| Common stock, shares, issued (in shares) | 144.7M shares | 137.9M shares | ||
| Common stock, shares, outstanding (in shares) | 54.4M shares | 50.2M shares | ||
| Treasury stock, shares (in shares) | 90.3M shares | 87.7M shares |
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Cash and cash equivalents | $18.3M | $13.8M | $8.1M | |
| Restricted cash | $38.2M | $38.7M | ||
| Accounts receivable, net | $556.0M | $534.9M | ||
| Other current assets | $79.7M | $72.5M | ||
| Current assets before funds held for clients | $692.2M | $659.9M | ||
| Funds held for clients | $207.0M | $175.9M | ||
| Total current assets | $899.2M | $835.7M | ||
| Property and equipment, net | $81.2M | $88.2M | ||
| Goodwill and other intangible assets, net | $2.9B | $2.9B | ||
| Assets of deferred compensation plan | $186.9M | $167.2M | ||
| Right-of-use asset | $334.0M | $393.5M | ||
| Other non-current assets | $38.3M | $40.8M | ||
| Total non-current assets | $3.5B | $3.6B | ||
| Total assets | $4.4B | $4.5B | ||
| Accounts payable | $90.9M | $90.6M | ||
| Income taxes payable | $11.0M | $0 | ||
| Accrued personnel costs | $197.5M | $172.8M | ||
| Contingent purchase price liability | $30.0M | $61.2M | ||
| Lease liability | $64.7M | $60.5M | ||
| Total short-term debt | $66.4M | $66.2M | ||
| Other current liabilities | $68.3M | $78.6M | ||
| Current liabilities before client fund obligations | $528.9M | $529.9M | ||
| Client fund obligations | $206.7M | $175.9M | ||
| Total current liabilities | $735.6M | $705.8M | ||
| Total long-term debt | $1.4B | $1.3B | ||
| Income taxes payable | $3.0M | $2.2M | ||
| Deferred income taxes, net | $7.1M | $10.9M | ||
| Deferred compensation plan obligations | $186.9M | $167.2M | ||
| Contingent purchase price liability | $10.2M | $35.8M | ||
| Lease liability | $307.9M | $372.6M | ||
| Other non-current liabilities | $7.2M | $62.7M | ||
| Total non-current liabilities | $1.9B | $2.0B | ||
| Total liabilities | $2.6B | $2.7B | ||
| Common stock, par value $0.01 per share; shares authorized 250,000; shares issued 144,654 and 137,945; shares outstanding 54,380 and 50,198 | $1.4M | $1.4M | ||
| Additional paid-in capital | $1.8B | $1.8B | ||
| Retained earnings | $1.0B | $896.1M | ||
| Treasury stock, 90,274 and 87,747 shares | -$1.1B | -$910.6M | ||
| Accumulated other comprehensive (loss) income | -$3.3M | $1.2M | ||
| Total stockholders equity | $1.8B | $1.8B | $791.6M | $713.5M |
| Total liabilities and stockholders equity | $4.4B | $4.5B | ||
| Common stock, par or stated value (in dollars per share) | $0.01 | $0.01 | ||
| Common stock, shares authorized (in shares) | 250.0M shares | 250.0M shares | ||
| Common stock, shares, issued (in shares) | 144.7M shares | 137.9M shares | ||
| Common stock, shares, outstanding (in shares) | 54.4M shares | 50.2M shares | ||
| Treasury stock, shares (in shares) | 90.3M shares | 87.7M shares |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 3 fiscal years, latest first.5
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Net income | $115.4M | $41.0M | $121.0M |
| Gain on sale of operations, net of tax | -$711.0K | -$4.9M | -$176.0K |
| Depreciation and amortization expense | $98.3M | $48.1M | $36.3M |
| Bad debt expense, net of recoveries | $7.3M | $3.8M | $1.6M |
| Adjustment to contingent earnout liability, net | $2.6M | $7.0M | $2.7M |
| Deferred income taxes | $4.6M | -$8.6M | $11.3M |
| Stock-based compensation expense | $26.0M | $13.8M | $12.3M |
| Amortization of deferred financing fees | $5.5M | $1.3M | $472.0K |
| Other, net | $5.1M | -$1.1M | -$2.8M |
| Accounts receivable, net | -$27.1M | $48.2M | -$36.1M |
| Other assets | -$22.9M | $2.8M | -$6.6M |
| Accounts payable | $443.0K | -$18.8M | $2.2M |
| Income taxes payable | $17.1M | -$7.5M | -$5.9M |
| Accrued personnel costs | $14.2M | -$5.8M | $2.7M |
| Other liabilities | -$53.4M | $4.6M | $14.7M |
| Net cash provided by operating activities | $192.5M | $123.7M | $153.5M |
| Business acquisitions and purchases of client lists, net of cash acquired | -$1.6M | -$1.1B | -$53.1M |
| Purchases of client fund investments | -$43.4M | -$23.2M | -$14.1M |
| Proceeds from the sales and maturities of client fund investments | $39.7M | $21.9M | $18.5M |
| Proceeds from sales of assets and divested operations | $1.5M | $7.1M | $3.1M |
| Change in funds held for clients | -$305.0K | $0 | $0 |
| Additions to property and equipment | -$17.0M | -$12.9M | -$23.1M |
| Other, net | $5.2M | -$34.7M | -$10.6M |
| Net cash used in investing activities | -$15.9M | -$1.1B | -$79.4M |
| Proceeds from bank debt | $1.5B | $2.5B | $1.2B |
| Payments of bank debt | -$1.4B | -$1.4B | -$1.2B |
| Deferred financing costs | -$983.0K | -$20.7M | $0 |
| Payment for acquisition of treasury stock | -$160.1M | $0 | -$65.4M |
| Indirect repurchase of shares for minimum tax withholding | -$7.8M | -$11.5M | -$8.4M |
| Changes in client funds obligations | $30.8M | $16.0M | -$13.6M |
| Payment of contingent consideration of acquisitions and client lists | -$58.7M | -$56.8M | -$45.2M |
| Proceeds from exercise of stock options | $0 | $0 | $8.8M |
| Other, net | -$437.0K | $0 | $0 |
| Net cash provided by (used in) financing activities | -$145.7M | $1.0B | -$77.1M |
| Net increase (decrease) in cash, cash equivalents and restricted cash | $30.9M | $30.0M | -$3.0M |
| Cash paid for interest | $105.4M | $25.7M | $19.1M |
| Cash paid for income taxes, net of income tax refunds | $23.6M | $37.5M | $40.0M |
No quarter-by-quarter statement was filed.
Corporate structure
CBIZ, Inc. sits at the top of its group. 7 entities, 5 countries on record. Switch between the flow chart and the network, and select any entity to see its details.
Major holders of CBIZ, Inc.
- FMR LLC Filed SCHEDULE 13G/A on CBIZ, Inc., latest Aug 7, 2026 (4 filings since Nov 5, 2025)
- Capital Research Global Investors Filed SCHEDULE 13G/A on CBIZ, Inc., latest May 14, 2026 (3 filings since Nov 12, 2024)
- Bank of Montreal Filed SCHEDULE 13G on CBIZ, Inc., latest May 13, 2026
- Morgan Stanley Filed SCHEDULE 13G/A on CBIZ, Inc., latest May 11, 2026 (6 filings since Dec 10, 2021)
- VANGUARD GROUP INC Filed SCHEDULE 13G/A on CBIZ, Inc., latest Mar 26, 2026 (5 filings since Feb 9, 2023)
- Durable Capital Partners LP Filed SCHEDULE 13G/A on CBIZ, Inc., latest Feb 17, 2026 (3 filings since Aug 27, 2025)
- David Randall Winn Filed SCHEDULE 13G on CBIZ, Inc., latest May 8, 2025
- DIMENSIONAL FUND ADVISORS LP Filed SC 13G/A on CBIZ, Inc., latest Feb 9, 2024 (3 filings since Feb 8, 2022)
- BlackRock Filed SC 13G/A on CBIZ, Inc., latest Jan 26, 2024 (3 filings since Feb 1, 2022)
- P2 Capital Partners, LLC Filed SC 13D/A on CBIZ, Inc., latest Jan 26, 2024
- Allspring Global Investments Holdings, LLC Filed SC 13G/A on CBIZ, Inc., latest Jan 12, 2023 (2 filings since Jan 18, 2022)
- CBIZ, Inc. Independence, Ohio
- CBIZ Business Advisors India Private Limited Subsidiary · India
- CBIZ CMF Business Solutions Canada, Inc. Subsidiary · British Columbia, Canada
- CBIZ HL Limited Subsidiary · United Kingdom
- CBIZ Network Solutions Canada, Inc. Subsidiary · Ontario, Canada
- Marcum Canada Services Inc. Subsidiary · Ontario, Canada
- MarcumDVP Inc. (51% Marcum Philippines LLC / 48.96% D&V Outsourcing Inc. / 0.04% Others) Subsidiary · Philippines
Built from subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.
What it owns
What CBIZ, Inc. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.
Property and equipment
| Item | Latest | A year before | Change |
|---|---|---|---|
| Property and equipment, before depreciation | $211.5M5 Dec 31, 2025 | $204.2M5 Dec 31, 2024 | +3.6% |
| Accumulated depreciation | $130.3M5 Dec 31, 2025 | $116.1M5 Dec 31, 2024 | +12.3% |
| Property and equipment, net | $81.2M5 Dec 31, 2025 | $88.2M5 Dec 31, 2024 | −7.9% |
| Operating-lease assets (leased space) | $334.0M5 Dec 31, 2025 | $393.5M5 Dec 31, 2024 | −15.1% |
Investments
| Item | Latest | A year before | Change |
|---|---|---|---|
| Cash and cash equivalents | $18.3M5 Dec 31, 2025 | $13.8M5 Dec 31, 2024 | +32.3% |
| Debt securities available for sale | $45.0M5 Dec 31, 2025 | $41.0M5 Dec 31, 2024 | +9.8% |
Intangibles and goodwill
| Item | Latest | A year before | Change |
|---|---|---|---|
| Goodwill | $2.3B5 Dec 31, 2025 | $2.3B5 Dec 31, 2024 | −0.1% |
| Finite-lived intangibles, gross | $853.9M5 Dec 31, 2025 | $853.0M5 Dec 31, 2024 | +0.1% |
| Accumulated amortization | $313.9M5 Dec 31, 2025 | $239.0M5 Dec 31, 2024 | +31.3% |
Properties, in its own words
Our corporate headquarters are located at 5959 Rockside Woods Blvd. N., Suite 600, Independence, Ohio 44131, in leased premises. We lease more than 140 offices in 35 states and the District of Columbia and believe that our current facilities are sufficient for our current needs.
Item 2 of the 10-K filed Feb 26, 2026.4
Leadership
Who has led CBIZ, Inc., and when. Pick a name to see everywhere that person has worked.
Chief executive
Chief financial officer
Chief operating officer
2010201520202025
- Chief executive officerJerome P. Grisko Mar 16, 2016 to now14
- Chief executive officerSteven L. Gerard Jan 5, 2006 to May 11, 201615
- PresidentMichael P. Kouzelos May 5, 2015 to now16
- PresidentChris Spurio Jan 8, 2014 to Feb 18, 202517
- PresidentJerome P. Grisko Jan 5, 2006 to Jan 8, 201418
- Chief financial officerBrad S. Lakhia Mar 19, 2025 to now19
- Chief financial officerWare H. Grove Sep 12, 2007 to Apr 6, 201520
- Chief operating officerJerome P. Grisko Jan 5, 2006 to Feb 17, 201618
Board members and other officers (25)
- Chief Accounting OfficerMichael T. Mangan Mar 26, 2025 to now21
- SVP, Financial ServicesDavid J. Sibits May 16, 2007 to May 27, 201422
- Senior Vice PresidentByrne Robert O. Jan 5, 2006 to Sep 17, 201523
- Vice President of FinanceChris Spurio Jan 5, 2006 to Mar 19, 201524
- Corporate SecretaryMichael W. Gleespen Jan 5, 2006 to Mar 22, 201925
- ControllerKelly Kuna Apr 5, 2006 to Jun 3, 201626
- C.F.O.Ware H. Grove Apr 5, 2006 to Mar 18, 202527
- Board memberKathy A. Raffa Jan 22, 2025 to now28
- Board memberRodney A. Young Feb 9, 2023 to now29
- Board memberRichard T. Marabito Aug 13, 2021 to now30
- Board memberA. Haag Sherman Aug 10, 2020 to now31
- Board memberGina D. France Feb 13, 2015 to now32
- Board memberSherrill W. Hudson Feb 13, 2015 to Oct 31, 202233
- Board memberJerome P. Grisko Nov 25, 2015 to now34
- Board memberWare H. Grove May 2, 2014 to May 2, 201435
- Board memberBenaree Pratt Wiley May 16, 2008 to now36
- Board memberSteven L. Gerard Jan 5, 2006 to May 27, 202115
- Board memberDonald Weir V. Feb 13, 2006 to May 20, 202037
- Board memberGary W. Degroote Feb 13, 2006 to Feb 13, 200638
- Board memberHarve A. Ferrill Feb 13, 2006 to Feb 23, 200939
- Board memberJoseph S. Dimartino Feb 13, 2006 to Jun 7, 202340
- Board memberRichard C. Rochon Feb 13, 2006 to Feb 18, 201441
- Board memberRick L. Burdick Feb 13, 2006 to now42
- Board memberTodd J. Slotkin Feb 13, 2006 to now43
- Board memberMichael H. Degroote Nov 6, 2006 to now44
Subsidiaries and ownership
Subsidiaries (Exhibit 21)
- CBIZ Business Advisors India Private Limited Mumbai, INDIA3
- CBIZ CMF Business Solutions Canada, Inc. British Columbia, CAN3
- CBIZ HL Limited United Kingdom3
- CBIZ Network Solutions Canada, Inc. Ontario, CAN3
- Marcum Canada Services Inc. Ontario, CAN3
- MarcumDVP Inc. (51% Marcum Philippines LLC / 48.96% D&V Outsourcing Inc. / 0.04% Others) Philippines3
The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.
Former names
Timeline
- Jul 29, 20268-K Entered a material agreement; Executive or director change; Regulation FD disclosure45
- Jul 29, 20268-K Other events46
- Jul 29, 20268-K Results of operations47
- May 15, 20268-K Shareholder vote48
- Apr 29, 20268-K Results of operations49
- Feb 25, 20268-K Results of operations50
- Feb 17, 20268-K Other events51
- Jan 14, 20268-K Executive or director change52
- Nov 17, 20258-K Bylaws or fiscal year changed; Other events53
- Oct 29, 20258-K Results of operations54
- Jul 30, 20258-K Results of operations55
- May 16, 20258-K Shareholder vote56
- Mar 16, 2016New chief executive Jerome P. Grisko becomes CEO14
- Jan 5, 2006New chief executive Steven L. Gerard becomes CEO15
Calendar
Coming up
- Around Oct 28, 2026Next results, estimated About a quarter after its last report. The company hasn't announced the date.
When it reported results
- Jul 29, 2026Reported quarterly or annual results47
- Apr 29, 2026Reported quarterly or annual results49
- Feb 25, 2026Reported quarterly or annual results50
- Oct 29, 2025Reported quarterly or annual results54
- Jul 30, 2025Reported quarterly or annual results55
- Apr 24, 2025Reported quarterly or annual results57
- Feb 26, 2025Reported quarterly or annual results58
- Oct 29, 2024Reported quarterly or annual results59
Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar
Filings
322 filings to the SEC since October 2021: 7 annual reports, 15 quarterly reports, 48 major events, 169 insider forms, 32 large holders, 51 other. The latest 20:
- Sep 24, 2026424B3 EDGAR
- Sep 21, 2026DEFM14A EDGAR
- Sep 21, 20264 PRIMARY DOCUMENT EDGAR
- Aug 27, 2026PREM14A EDGAR
- Aug 7, 2026SCHEDULE 13G/A EDGAR
- Aug 6, 2026S-3ASR EDGAR
- Aug 5, 20264 PRIMARY DOCUMENT EDGAR
- Aug 4, 2026DEFA14A EDGAR
- Aug 4, 202610-Q EDGAR
- Aug 4, 202610-K/A 10-K EDGAR
- Jul 31, 2026DEFA14A EDGAR
- Jul 30, 2026DEFA14A EDGAR
- Jul 29, 2026DEFA14A EDGAR
- Jul 29, 2026DEFA14A EDGAR
- Jul 29, 20268-K EDGAR
- Jul 29, 20268-K EDGAR
- Jul 29, 20268-K EDGAR
- May 19, 20264 PRIMARY DOCUMENT EDGAR
- May 19, 20264 PRIMARY DOCUMENT EDGAR
- May 19, 20264 PRIMARY DOCUMENT EDGAR
The 322 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Insider trades
59 open-market trades by officers, directors and large owners since October 2021: 8 buys and 51 sales. Grants, option exercises and gifts are left out.
| Date | Who | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Mar 13, 2026 | Lakhia Brad S.Senior Vice President & CFO | Buy | 12,775 | $25.97 | $331.8K | Form 4 |
| Mar 13, 2026 | YOUNG RODNEY ADirector | Buy | 1,000 | $26.06 | $26.1K | Form 4 |
| Mar 10, 2026 | WILEY BENAREE PRATTDirector | Sale | 17,956 | $26.39 | $473.9K | Form 4 |
| Dec 2, 2025 | WILEY BENAREE PRATTDirector | Sale | 8,288 | $49.54 | $410.6K | Form 4 |
| Nov 26, 2025 | Lakhia Brad S.Senior Vice President & CFO | Buy | 2,060 | $48.51 | $99.9K | Form 4 |
| Aug 8, 2025 | YOUNG RODNEY ADirector | Buy | 2,000 | $62.43 | $124.9K | Form 4 |
| Aug 4, 2025 | Lakhia Brad S.Senior Vice President & CFO | Buy | 1,593 | $62.78 | $100.0K | Form 4 |
| Mar 14, 2025 | GROVE WARE HC.F.O. | Sale | 4,029 | $70.16 | $282.7K | Form 4 |
| Mar 6, 2025 | WILEY BENAREE PRATTDirector | Sale | 6,526 | $71.75 | $468.2K | Form 4 |
| Mar 4, 2025 | YOUNG RODNEY ADirector | Buy | 1,000 | $76.18 | $76.2K | Form 4 |
| Dec 10, 2024 | GROVE WARE HC.F.O. | Sale | 8,143 | $79.11 | $644.2K | Form 4 |
| Dec 9, 2024 | YOUNG RODNEY ADirector | Buy | 1,000 | $77.56 | $77.6K | Form 4 |
| Nov 24, 2023 | GROVE WARE HC.F.O. | Sale | 100 | $58.10 | $5.8K | Form 4 |
| Nov 22, 2023 | GROVE WARE HC.F.O. | Sale | 6,849 | $57.99 | $397.2K | Form 4 |
| Nov 7, 2023 | GROVE WARE HC.F.O. | Sale | 1,159 | $55.23 | $64.0K | Form 4 |
| Nov 6, 2023 | GROVE WARE HC.F.O. | Sale | 14,930 | $55.25 | $824.9K | Form 4 |
| Nov 3, 2023 | GROVE WARE HC.F.O. | Sale | 3,911 | $55.21 | $215.9K | Form 4 |
| Aug 3, 2023 | WILEY BENAREE PRATTDirector | Sale | 7,519 | $54.01 | $406.1K | Form 4 |
| Aug 2, 2023 | GROVE WARE HC.F.O. | Sale | 20,000 | $54.55 | $1.1M | Form 4 |
| Jun 5, 2023 | DIMARTINO JOSEPH SDirector | Sale | 5,000 | $52.35 | $261.8K | Form 4 |
All 59 trades can be filtered by person here when JavaScript is on.
From Forms 4 filed with the SEC.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
- FMR LLCSCHEDULE 13G/A, 4 filings Nov 5, 2025 to Aug 7, 202660
- Capital Research Global InvestorsSCHEDULE 13G/A, 3 filings Nov 12, 2024 to May 14, 202661
- Bank of MontrealSCHEDULE 13G, 1 filing May 13, 202662
- Morgan StanleySCHEDULE 13G/A, 6 filings Dec 10, 2021 to May 11, 202663
- VANGUARD GROUP INCSCHEDULE 13G/A, 5 filings Feb 9, 2023 to Mar 26, 202664
- Durable Capital Partners LPSCHEDULE 13G/A, 3 filings Aug 27, 2025 to Feb 17, 202665
- David Randall WinnSCHEDULE 13G, 1 filing May 8, 202566
- DIMENSIONAL FUND ADVISORS LPSC 13G/A, 3 filings Feb 8, 2022 to Feb 9, 202467
- BlackRockSC 13G/A, 3 filings Feb 1, 2022 to Jan 26, 202468
- P2 Capital Partners, LLCSC 13D/A, 1 filing Jan 26, 202469
- Allspring Global Investments Holdings, LLCSC 13G/A, 2 filings Jan 18, 2022 to Jan 12, 202370
Executive pay
What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.
| Year | Executive | Age | Salary | Total pay |
|---|---|---|---|---|
| 2025 | Jerome P. Grisko, Jr.PEO, CEO & President | 64 | $993.8K | $7.1M71 |
| 2025 | Brad LakhiaPFO, SVP & CFO | $494.8K | $4.3M71 | |
| 2025 | Chris SpurioFormer President, Financial Services | $862.5K | $3.0M71 | |
| 2025 | Michael KouzelosPresident, B&I Services | $595.0K | $2.1M71 | |
| 2025 | Ware GroveFormer PFO, SVP & CFO | $155.0K | $168.0K71 | |
| 2024 | Jerome P. Grisko, Jr.PEO, CEO & President | 64 | $950.0K | $5.4M71 |
| 2024 | Chris SpurioFormer President, Financial Services | $762.1K | $2.6M71 | |
| 2024 | Ware GroveFormer PFO, SVP & CFO | $550.2K | $2.3M71 | |
| 2024 | Michael KouzelosPresident, B&I Services | $553.6K | $2.0M71 | |
| 2023 | Jerome P. Grisko, Jr.PEO, CEO & President | 64 | $950.0K | $5.2M71 |
| 2023 | Chris SpurioFormer President, Financial Services | $659.5K | $2.4M71 | |
| 2023 | Ware GroveFormer PFO, SVP & CFO | $520.2K | $2.0M71 | |
| 2023 | Michael KouzelosPresident, B&I Services | $506.1K | $1.9M71 |
Held by these funds
The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.
| Fund | Shares | Value | Share of the fund | Change |
|---|---|---|---|---|
| Fmr LLC | 8,047,282 | $258.2M | 0.0% | +536,239 |
| BlackRock, Inc. | 4,971,786 | $159.5M | 0.0% | +1,159,861 |
| Bank Of Montreal /can/ | 3,453,723 | $110.8M | 0.0% | −54,182 |
| 22C Capital LLC | 3,202,267 | $102.7M | 100.0% | No change |
| Vanguard Capital Management LLC | 2,259,967 | $72.5M | 0.0% | +113,380 |
| Vanguard Portfolio Management LLC | 2,253,744 | $72.3M | 0.0% | +180,920 |
| Morgan Stanley | 1,492,737 | $47.9M | 0.0% | −515,888 |
| Geode Capital Management, LLC | 1,257,357 | $40.3M | 0.0% | +97,978 |
| State Street Corp | 1,244,553 | $39.9M | 0.0% | +92,844 |
| P2 Capital Partners, LLC | 1,136,974 | $36.5M | 14.9% | −3,700 |
| BloombergSen Inc. | 1,068,306 | $34.3M | 3.8% | +74,277 |
| Royce & Associates LP | 992,770 | $31.8M | 0.3% | +166,908 |
| Boston Partners | 778,451 | $25.7M | 0.0% | +217,051 |
| Silvercrest Asset Management Group LLC | 736,320 | $23.6M | 0.2% | +156,723 |
| Northern Trust Corp | 711,168 | $22.8M | 0.0% | −57,835 |
| Aqr Capital Management LLC | 709,617 | $22.8M | 0.0% | +463,814 |
| Fenimore Asset Management Inc | 681,628 | $21.9M | 0.5% | −594 |
| Charles Schwab Investment Management Inc | 665,870 | $21.4M | 0.0% | +43,603 |
| DG Capital Management, LLC | 660,000 | $21.2M | 8.1% | New |
| Ameriprise Financial Inc | 591,470 | $19.0M | 0.0% | −9,485 |
| Goldman Sachs Group Inc | 588,686 | $18.9M | 0.0% | −97,941 |
| Dimensional Fund Advisors LP | 546,915 | $17.5M | 0.0% | +65 |
| Waters Parkerson & Co., LLC | 515,707 | $16.5M | 0.8% | −7,335 |
| Bnp Paribas Financial Markets | 475,961 | $15.3M | 0.0% | −81,896 |
| Nuveen, LLC | 464,362 | $14.9M | 0.0% | +315,750 |
13F reports cover disclosed long positions in U.S. stocks only.
Members of Congress who traded it
7 trades disclosed by members of Congress. “Vs S&P since” is the stock’s change since the trade minus the S&P 500’s.
| Date | Member | Trade | Amount | Vs S&P since | Filing |
|---|---|---|---|---|---|
| Jun 30, 2026 | Gilbert Ray Cisneros, Jr.Democratic, House | Sale | $1,001 - $15,000 | −67.4% | Report |
| Apr 6, 2026 | Josh GottheimerDemocratic, House | Buy | $1,001 - $15,000 | +76.6% | Report |
| Mar 5, 2026 | Josh GottheimerDemocratic, House | Sale | $1,001 - $15,000 | −74.4% | Report |
| Apr 9, 2025 | Josh GottheimerDemocratic, House | Partial sale | $1,001 - $15,000 | +68.7% | Report |
| Mar 24, 2025 | Gilbert Ray Cisneros, Jr.Democratic, House | Buy | $1,001 - $15,000 | −60.5% | Report |
| Mar 7, 2024 | Josh GottheimerDemocratic, House | Partial sale | $1,001 - $15,000 | +78.0% | Report |
| Feb 23, 2023 | Josh GottheimerDemocratic, House | Buy | $1,001 - $15,000 | −83.9% | Report |
Members report amounts as ranges, not exact figures. Returns are price-only (no dividends).
SEC filer profile
How CBIZ, Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.
- Name on EDGARCBIZ, Inc.1
- CIK0000944148
- Employer ID (EIN)22-27690244
- Filer statusLarge accelerated filer not an emerging growth company; not a smaller reporting company; not a shell company4
- Incorporated inDelaware4
- Fiscal year endsDecember 311
- Industry code (SIC)7389 Services-Business Services, NEC1
- SEC reviewing officeOffice of Trade & Services, Division of Corporation Finance1
- Business address5959 Rockside Woods Blvd N., Suite 600, Independence, OH 441311
- Phone21644790001
- Shares outstanding54,263,879 as of Jul 27, 202612
- Public float$3.8B as of Jun 30, 20254
- AuditorKPMG LLP, Cleveland, OH PCAOB ID 185; it also attests to the company’s internal control over financial reporting4
- On EDGAR sinceMay 13, 19961
- Filings2,403 in all: 4 (1,675), 8-K (222), 10-Q (92), SC 13G/A (80), DEF 14A (30), SC 13G (30), 10-K (26), DEFA14A (19)1
All 55 form types
SC 13D/A (19), 4/A (17), 3 (16), UPLOAD (16), 144 (15), SC 13D (14), CORRESP (13), 424B3 (11), SCHEDULE 13G/A (9), S-3 (8), 8-K/A (7), S-8 (7), 5 (6), S-3/A (6), SC TO-I/A (6), S-4/A (5), 10-K405 (4), ARS (4), SCHEDULE 13G (4), POS AM (3), PRE 14A (3), 10-K/A (2), 10-K405/A (2), 10-Q/A (2), DEF 14C (2), DEFM14A (2), NT 10-Q (2), PRE 14C (2), PREM14A (2), S-4 (2), SC TO-I (2), 144/A (1), 25 (1), 3/A (1), 424B5 (1), 8-A12B (1), CERTNYS (1), CT ORDER (1), D (1), DEFM14C (1), DEFR14A (1), DEFS14A (1), EFFECT (1), PREM14C (1), PRES14A (1), S-3ASR (1), S-8 POS (1)
- Latest filingsAnnual report (10-K) Feb 26, 2026
Quarterly report (10-Q) Aug 4, 2026
Proxy statement (DEF 14A) Apr 2, 2026
Latest 8-K (8-K) Jul 29, 2026
Securities registered for trading
| Class | Symbol | Exchange |
|---|---|---|
| Common Stock, $0.01 Par Value | CBZ | New York Stock Exchange |
From the cover page of the 10-K filed Feb 26, 2026 (Section 12(b) of the Exchange Act).4
Risk factors and legal proceedings
The risks CBIZ, Inc. names in Item 1A of its 10-K filed Feb 26, 2026: 34 risks under these headings, as written.4
- Payments on accounts receivable may be slower than expected, or amounts due on receivables or notes may not be fully collectible.
- Our business could be adversely affected if the non-attest business assets we acquired, or the attest assets CBIZ CPAs acquired, from Marcum do not perform to our expectations or we underestimate the liabilities we are assuming.
- We are dependent on the services of our executive officers, and other key employees, the loss of any of whom may have a material adverse effect on our business, financial condition and results of operations.
- Our profitability could suffer if we are not able to effectively utilize our employees, maintain operational efficiencies or manage our cost structure.
- Restrictions imposed by independence requirements and conflict of interest rules, as well as the nature and terms of our current Administrative Service Agreements, limit our ability to provide services to clients of the attest firms with which we have contractual relationships and the ability of such attest firms to provide attestation services to our clients.
- Our goodwill and other intangible assets could become impaired, which could lead to material non-cash charges against earnings and a material impact on our results of operations and financial condition.
- Certain liabilities resulting from acquisitions are estimated and could lead to a material impact on our results of operations.
- We may fail to realize the anticipated benefits of acquisitions, or they may prove disruptive and could result in the combined business failing to meet our expectations.
- Claims or adverse publicity could harm our brand, reputation and ability to compete and attract and retain clients, talent and future acquisition targets.
- We may not be able to acquire and finance additional businesses, which could limit our ability to pursue our business strategy.
- We will incur transaction, integration, and restructuring costs in connection with our acquisition program.
- Governmental regulations and interpretations are subject to changes, which could have a material adverse effect on our financial condition.
The other 22 risks
- Changes in the United States healthcare environment, including new healthcare legislation, may adversely affect the revenue and margins in our healthcare benefit businesses.
- We are subject to risks relating to processing customer transactions for our payroll and other transaction processing businesses.
- Cyberattacks or other security breaches involving our computer systems or the systems of one or more of our vendors could materially and adversely affect our business.
- We are subject to risk as it relates to software that we license from third parties.
- We are reliant on information processing systems and any failure or disruptions of these systems could have a material adverse effect on our business, financial condition and results of operations.
- We could be held liable for errors and omissions.
- The business services industry is competitive and fragmented. If we are unable to compete effectively, our business, financial condition and results of operations could be negatively impacted.
- Failure to maintain our reputation and brand could impact our ability to attract and retain clients, employees and future acquisition targets, and may have a material adverse effect on our business, financial condition and results of operations.
- We are dependent on our existing client base and our ability to retain and expand our relationships with those clients. Our clients may terminate our engagements with little or no notice and without penalty, which may result in unexpected declines in our revenue or unexpected costs.
- Given our levels of share-based compensation, our tax rate may vary significantly depending on our stock price.
- We may be subject to the actions of activist stockholders.
- Rapid technological changes could significantly impact our competitive position, client relationships and operating results and our ability to realize the anticipated benefits of the Transaction.
- The widespread outbreak of a communicable illness or any other public health crisis could adversely affect our business, financial condition and results of operations.
- We require a significant amount of cash for interest payments on our debt and to expand our business as planned.
- Terms of the 2024 Credit Facilities could adversely affect our ability to run our business and/or reduce stockholder returns.
- Our failure to satisfy covenants in our debt instruments could cause a default under those instruments.
- Our increased leverage following the Transaction may adversely impact our business.
- We may be more sensitive to revenue fluctuations than other companies, which could result in fluctuations in the market price of our common stock.
- The significant number of shares issuable as the stock consideration in the Transaction may adversely impact our stock price.
- The future issuance of additional shares could adversely affect the price of our common stock.
- There is volatility in our stock price.
- The price of our common stock could be adversely impacted if we do not perform to expectations following the Transaction.
Legal proceedings
From time to time, we are involved in various legal proceedings relating to claims arising out of our operations. As of the date hereof, we are not engaged in any legal proceedings that are reasonably expected, individually or in the aggregate, to have a material adverse effect on our business, financial condition, results of operations or cash flows.
The opening of Item 3, Legal Proceedings.4
Sources
The numbers on this page point here. Each one links to the record it came from.
- 1SEC EDGARCBIZ, Inc. filings on SEC EDGAR
- 2SEC EDGARCBIZ, Inc. filings on SEC EDGAR
- 3
- 4
- 5SEC EDGARCBIZ, Inc. 10-K for fiscal 2025
- 6
- 7SEC EDGARCBIZ, Inc. 10-K for fiscal 2019
- 8SEC EDGARCBIZ, Inc. 10-K for fiscal 2020
- 9SEC EDGARCBIZ, Inc. 10-K for fiscal 2021
- 10SEC EDGARCBIZ, Inc. 10-K for fiscal 2022
- 11SEC EDGARCBIZ, Inc. 10-Q for fiscal 2025
- 12SEC EDGARCBIZ, Inc. 10-Q for fiscal 2026
- 13SEC EDGARCBIZ, Inc. 10-K for fiscal 2019
- 14
- 15
- 16SEC EDGARMichael P. Kouzelos, President
- 17SEC EDGARChris Spurio, President
- 18SEC EDGARJerome P. Grisko, President
- 19
- 20
- 21
- 22
- 23
- 24
- 25
- 26SEC EDGARKelly Kuna, Controller
- 27SEC EDGARWare H. Grove, C.F.O.
- 28SEC EDGARKathy A. Raffa, Board member
- 29SEC EDGARRodney A. Young, Board member
- 30SEC EDGARRichard T. Marabito, Board member
- 31SEC EDGARA. Haag Sherman, Board member
- 32SEC EDGARGina D. France, Board member
- 33SEC EDGARSherrill W. Hudson, Board member
- 34SEC EDGARJerome P. Grisko, Board member
- 35SEC EDGARWare H. Grove, Board member
- 36SEC EDGARBenaree Pratt Wiley, Board member
- 37SEC EDGARDonald Weir V., Board member
- 38SEC EDGARGary W. Degroote, Board member
- 39SEC EDGARHarve A. Ferrill, Board member
- 40SEC EDGARJoseph S. Dimartino, Board member
- 41SEC EDGARRichard C. Rochon, Board member
- 42SEC EDGARRick L. Burdick, Board member
- 43SEC EDGARTodd J. Slotkin, Board member
- 44SEC EDGARMichael H. Degroote, Board member
- 45
- 46SEC EDGAROther events
- 47SEC EDGARResults of operations
- 48SEC EDGARShareholder vote
- 49SEC EDGARResults of operations
- 50SEC EDGARResults of operations
- 51SEC EDGAROther events
- 52SEC EDGARExecutive or director change
- 53
- 54SEC EDGARResults of operations
- 55SEC EDGARResults of operations
- 56SEC EDGARShareholder vote
- 57
- 58
- 59
- 60SEC EDGARFMR LLC SCHEDULE 13G/A on CBIZ, Inc.
- 61
- 62
- 63
- 64
- 65
- 66
- 67
- 68SEC EDGARBlackRock SC 13G/A on CBIZ, Inc.
- 69
- 70
- 71