NSP on NYSE

Insperity

Logo: Kristina Halloran, Public domain, via Wikimedia Commons5

American human resource management company

Insperity, Inc., previously known as Administaff, Inc., is a professional employer organization (PEO) headquartered in Kingwood, an area of Houston, Texas, USA. Insperity provides human resources and administrative services to small and medium-sized businesses. Since 2004, the company has been title sponsor of a professional golf tournament on the Champions Tour, previously known as the Administaff Small Business Classic.3 Wikipedia text CC BY-SA 4.0

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Last updated Oct 21, 2026.

Overview

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  • TickerNSP on NYSE1
  • Industryprofessional service1
  • HeadquartersHumble1
  • Websitewww.insperity.com
  • Incorporated inDE6
  • Business address19001 Crescent Springs Dr, Kingwood, Tx 773396
  • Filer categoryLarge accelerated filer6
  • Legal formCorporation4
  • LEI5299000Q0KW7HY5DB7514
  • StatusActive4
  • LEI statusLapsed (not renewed)4
  • Registered addressc/o CORPORATION SERVICE COMPANY, 251 LITTLE FALLS DRIVE, 19808 Wilmington, United States4
  • Registered withDivision of Corporations, Department of State, 48220414

Insperity, Inc., previously known as Administaff, Inc., is a professional employer organization (PEO) headquartered in Kingwood, an area of Houston, Texas, USA. Insperity provides human resources and administrative services to small and medium-sized businesses. Since 2004, the company has been title sponsor of a professional golf tournament on the Champions Tour, previously known as the Administaff Small Business Classic.3

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

13.2%Gross margin7
-0.1%Operating margin7
-0.1%Net margin7
3.5%Revenue growth, 20257
-15.2%Return on equity7
8.02×Debt to equity7
-$309.0MFree cash flow7

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Regions

Northeast brought in 27% of the revenue Insperity broke down this way in fiscal 2025.

  1. Northeast$1.9B727%up 4% from 2024
  2. West$1.4B720%up 3% from 2024
  3. Southwest$1.3B719%up 3% from 2024
  4. Central$1.2B718%up 3% from 2024
  5. Southeast$972.0M714%up 5% from 2024
  6. Other Revenues$70.0M71%up 0% from 2024
Regions by year
Regions202320242025
Northeast$1.8B$1.8B$1.9B
West$1.3B$1.3B$1.4B
Southwest$1.2B$1.2B$1.3B
Central$1.2B$1.2B$1.2B
Southeast$907.0M$926.0M$972.0M
Other Revenues$65.0M$70.0M$70.0M

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Other costs100¢$6.8B
  • Interest0¢$24.0M
  • Income tax0¢$3.0M

Out of $6.8B in revenue.7 The company lost money this year.

Financial statements

Revenue8910117$6.8B in 2025+58% since 2019
0$2.0B$4.0B$6.0B$8.0B2019: $4.3B$4.3B20192020: $4.3B$4.3B2020−1%2021: $5.0B$5.0B2021+16%2022: $5.9B$5.9B2022+19%2023: $6.5B$6.5B2023+9%2024: $6.6B$6.6B2024+1%2025: $6.8B$6.8B2025+4%
Gross profit8910117$900.0M in 2025+23% since 2019
0$500.0M$1.0B$1.5B2019: $732.9M$732.9M20192020: $806.9M$806.9M2020+10%2021: $820.1M$820.1M2021+2%2022: $1.0B$1.0B2022+23%2023: $1.0B$1.0B2023+3%2024: $1.1B$1.1B2024+1%2025: $900.0M$900.0M2025−14%
Operating income8910117-$10.0M in 2025
-$100.0M0$100.0M$200.0M$300.0M2019: $186.6M$186.6M20192020: $194.7M$194.7M2020+4%2021: $173.3M$173.3M2021−11%2022: $250.0M$250.0M2022+44%2023: $219.0M$219.0M2023−12%2024: $117.0M$117.0M2024−47%2025: -$10.0M-$10.0M2025
Net income8910117-$7.0M in 2025
-$50.0M0$50.0M$100.0M$150.0M$200.0M2019: $151.1M$151.1M20192020: $138.2M$138.2M2020−9%2021: $124.1M$124.1M2021−10%2022: $179.0M$179.0M2022+44%2023: $171.0M$171.0M2023−4%2024: $91.0M$91.0M2024−47%2025: -$7.0M-$7.0M2025

Every line of the income statement as filed: the last 3 fiscal years, latest first.7

Period ending2025-12-312024-12-312023-12-31
Revenues$6.8B$6.6B$6.5B
Payroll taxes, benefits and workers compensation costs$5.9B$5.5B$5.4B
Gross profit$900.0M$1.1B$1.0B
Salaries, wages and payroll taxes$518.0M$521.0M$461.0M
Stock-based compensation$61.0M$61.0M$53.0M
Commissions$45.0M$47.0M$47.0M
Advertising$38.0M$38.0M$37.0M
General and administrative expenses$203.0M$224.0M$177.0M
Depreciation and amortization$45.0M$44.0M$43.0M
Total operating expenses$910.0M$935.0M$818.0M
Operating income (loss)-$10.0M$117.0M$219.0M
Interest income$30.0M$37.0M$33.0M
Interest expense-$24.0M-$28.0M-$27.0M
Income (loss) before income tax (benefit) expense-$4.0M$126.0M$225.0M
Income tax (benefit) expense$3.0M$35.0M$54.0M
Net income (loss)-$7.0M$91.0M$171.0M
Basic net income per share of common stock (in dollars per share)-$0.19$2.44$4.53
Diluted net income per share of common stock (in dollars per share)-$0.19$2.42$4.47

Compare Insperity with another company

Corporate structure

Insperity sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Insperity

  • Insperity Kingwood, Texas, United States

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Insperity 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

ItemLatestA year beforeChange
Property and equipment, before depreciation$604.0M7 Dec 31, 2025$581.0M7 Dec 31, 2024+4.0%
Accumulated depreciation$427.0M7 Dec 31, 2025$389.0M7 Dec 31, 2024+9.8%
Property and equipment, net$177.0M7 Dec 31, 2025$192.0M7 Dec 31, 2024−7.8%
Operating-lease assets (leased space)$63.0M7 Dec 31, 2025$65.0M7 Dec 31, 2024−3.1%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$642.0M7 Dec 31, 2025$1.0B7 Dec 31, 2024−38.2%
Marketable securities, current$18.0M7 Dec 31, 2025$16.0M7 Dec 31, 2024+12.5%

Properties, in its own words

We believe our current real estate and facilities are adequate for the purposes for which they are intended and provide for further expansion to accommodate our long-term growth and expansion goals. We believe that short-term leased facilities are readily available if needed to accommodate near-term needs if they arise. We will continue to evaluate the need for additional facilities based on the extent of our product and service offerings, the rate of client growth, the geographic distribution of our client base and our long-term service delivery requirements.

Corporate Facilities

The rest of Item 2

Our corporate headquarters is located in Kingwood, Texas, in a campus-style facility. This 33-acre company-owned office campus includes 700,000 square feet of office space and approximately 6 acres of undeveloped land for future expansion. Development and support operations are located in the Kingwood facility.

We currently lease two hosting facilities, totaling approximately 1,800 square feet, that are in different locations. The hosting facilities house the majority of our business applications, telecommunications equipment and network equipment. The facilities, located in Allen, Texas and Austin, Texas, are under lease until 2028 and 2030, respectively.

Service Centers

We currently have four regional service centers located in Atlanta, Dallas, Houston and Los Angeles.

The Atlanta service center, which currently services approximately 35% of our WSEE base, is located in a 50,600 square foot facility under lease until 2035.

The Dallas service center, which currently services approximately 22% of our WSEE base, is located in a 45,000 square foot facility under lease until 2031. In addition to the service center operations, the facility also contains sales operations.

The Houston service center, which currently services approximately 23% of our WSEE base, is located on our corporate campus.

The Los Angeles service center, which currently services approximately 20% of our WSEE base, is located in a 39,000 square foot facility under lease until 2029. In addition to the service center operations, the facility also contains sales operations.

Sales and Service Offices

As of December 31, 2025, we had sales and service personnel in 73 facilities located in 44 sales markets throughout the United States. All of the facilities are leased and some are shared by multiple sales offices and/or client service personnel. As of December 31, 2025, we had 90 sales offices in these 44 markets. To take advantage of economic efficiencies, multiple sales offices may share a physical location. Each sales office is typically staffed by BPAs, a district sales manager and an office administrator. In addition, we have placed certain client service personnel in a majority of our sales markets to provide high-quality, localized service to our clients in those major markets. We expect to continue placing client service personnel in sales markets as a critical mass of clients is attained in each market.

33 · 2025 Form 10-K

LEGAL PROCEEDINGS

Item 2 of the 10-K filed Feb 11, 2026.15

Leadership

Who has led Insperity, and when. Pick a name to see everywhere that person has worked.

Board members and other officers (22)

Products and brands

  • software

Listed on Wikidata.1

Former names

  • ADMINISTAFF INC \DE\Nov 27, 1996 to Mar 1, 20116

Timeline

  1. Jul 29, 20268-K Results of operations43
  2. May 20, 20268-K Executive or director change; Shareholder vote44
  3. Apr 30, 20268-K Results of operations45
  4. Feb 10, 20268-K Results of operations; Exit or restructuring costs46
  5. Dec 16, 20258-K Entered a material agreement; New debt or obligation47
  6. Nov 3, 20258-K Entered a material agreement; Results of operations48
  7. Aug 1, 20258-K Results of operations; Regulation FD disclosure49
  8. Jul 1, 20258-K Executive or director change50
  9. May 27, 20258-K Executive or director change; Shareholder vote51
  10. Apr 29, 20258-K Results of operations52
  11. Feb 10, 20258-K Results of operations53
  12. Nov 21, 20248-K Executive or director change54
  13. Feb 2, 2006New chief executive Paul J. Sarvadi becomes CEO16

Calendar

Coming up

  1. Oct 29, 2026 · Before the openReports results for the quarter ending Sep/2026 A year earlier it reported ($0.63) a share, on Nov 3, 2025.55

When it reported results

  1. Jul 29, 2026Reported quarterly or annual results43
  2. Apr 30, 2026Reported quarterly or annual results45
  3. Feb 10, 2026Reported quarterly or annual results46
  4. Nov 3, 2025Reported quarterly or annual results48
  5. Aug 1, 2025Reported quarterly or annual results49
  6. Apr 29, 2025Reported quarterly or annual results52
  7. Feb 10, 2025Reported quarterly or annual results53
  8. Oct 31, 2024Reported quarterly or annual results56

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

324 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 34 major events, 200 insider forms, 27 large holders, 43 other. The latest 20:

  1. Oct 6, 20264 PRIMARY DOCUMENT EDGAR
  2. Sep 14, 20264 PRIMARY DOCUMENT EDGAR
  3. Aug 21, 20264 PRIMARY DOCUMENT EDGAR
  4. Aug 14, 2026SCHEDULE 13G/A EDGAR
  5. Aug 13, 2026SCHEDULE 13G/A EDGAR
  6. Aug 12, 2026SCHEDULE 13G EDGAR
  7. Jul 30, 2026S-8 EDGAR
  8. Jul 30, 202610-Q EDGAR
  9. Jul 29, 20268-K EDGAR
  10. Jun 4, 20264 PRIMARY DOCUMENT EDGAR
  11. May 20, 20268-K EDGAR
  12. May 20, 20264 PRIMARY DOCUMENT EDGAR
  13. May 20, 20264 PRIMARY DOCUMENT EDGAR
  14. May 20, 20264 PRIMARY DOCUMENT EDGAR
  15. May 20, 20264 PRIMARY DOCUMENT EDGAR
  16. May 20, 20264 PRIMARY DOCUMENT EDGAR
  17. May 20, 20264 PRIMARY DOCUMENT EDGAR
  18. May 20, 20264 PRIMARY DOCUMENT EDGAR
  19. May 20, 20264 PRIMARY DOCUMENT EDGAR
  20. May 20, 20264 PRIMARY DOCUMENT EDGAR

The 324 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

95 open-market trades by officers, directors and large owners since October 2021: 19 buys and 76 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Jun 3, 2026SARVADI PAUL JChairman of the Board & CEOBuy233,000$34.05$7.9MForm 4
May 5, 2026SARVADI PAUL JChairman of the Board & CEOBuy100,000$28.73$2.9MForm 4
Mar 19, 2026SARVADI PAUL JChairman of the Board & CEOBuy25,000$23.60$590.0KForm 4
Mar 18, 2026SARVADI PAUL JChairman of the Board & CEOBuy160,000$23.22$3.7MForm 4
Mar 17, 2026SARVADI PAUL JChairman of the Board & CEOBuy16,987$22.58$383.6KForm 4
Mar 11, 2026MASTERSON ELLEN HDirectorBuy1,200$19.90$23.9KForm 4
Mar 11, 2026Callens Christian PSVP Legal, Gen Counsel & SecBuy1,250$19.28$24.1KForm 4
Mar 10, 2026ALLISON JAMES DEVP, Finance, CFO & TreasurerBuy10,000$20.45$204.5KForm 4
Nov 7, 2025Mehl RandallDirectorBuy1,000$33.88$33.9KForm 4
Nov 6, 2025Mehl RandallDirectorBuy2,000$34.25$68.5KForm 4
Sep 17, 2025SARVADI PAUL JChairman of the Board & CEOSale10,850$51.98$564.0KForm 4
Aug 15, 2025CLIFFORD TIMDirectorBuy1,935$51.70$100.0KForm 4
Aug 6, 2025Ramchand LathaDirectorBuy1,000$50.64$50.6KForm 4
Aug 4, 2025KAUFMAN CAROL RDirectorBuy5,000$45.24$226.2KForm 4
Aug 4, 2025Mehl RandallDirectorBuy2,000$45.05$90.1KForm 4
Aug 4, 2025MASTERSON ELLEN HDirectorBuy490$45.30$22.2KForm 4
Aug 4, 2025Lumelleau John LDirectorBuy5,500$45.36$249.5KForm 4
Aug 4, 2025JONES ELIDirectorBuy2,204$45.41$100.1KForm 4
Aug 4, 2025ALLISON JAMES DEVP, Finance, CFO & TreasurerBuy4,000$46.82$187.3KForm 4
May 6, 2025SARVADI PAUL JChairman of the Board & CEOSale19,738$65.20$1.3MForm 4

All 95 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.

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.

YearExecutiveAgeSalaryTotal pay
2025Paul J. SarvadiChief Executive Officer and Chairman of the Board$1.2M$16.8M66
2025A. Steve ArizpePresident and Chief Operating Officer$774.0K$5.5M66
2025James D. AllisonExecutive Vice President of Finance, Chief Financial Officer and Treasurer$580.0K$2.5M66
2025Christian P. CallensSenior Vice President of Legal, General Counsel and Secretary$470.0K$1.8M66
2024Paul J. SarvadiChief Executive Officer and Chairman of the Board$1.2M$9.4M66
2024A. Steve ArizpePresident and Chief Operating Officer$744.0K$3.6M66
2024James D. AllisonExecutive Vice President of Finance, Chief Financial Officer and Treasurer$550.0K$2.1M66
2024Christian P. CallensSenior Vice President of Legal, General Counsel and Secretary$440.0K$1.7M66
2023Paul J. SarvadiChief Executive Officer and Chairman of the Board$1.1M$8.0M66
2023A. Steve ArizpePresident and Chief Operating Officer$720.0K$2.7M66
2023James D. AllisonExecutive Vice President of Finance, Chief Financial Officer and Treasurer$446.0K$1.6M66

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.

FundSharesValueShare of the fundChange
BlackRock, Inc.5,549,328$229.2M0.0%+229,664
Reinhart Partners, Llc.3,304,074$136.5M3.1%+356,365
Earnest Partners LLC3,099,996$128.1M0.5%+1,033,524
Bank Of America Corp /de/2,868,150$118.5M0.0%+1,522,617
Vanguard Portfolio Management LLC2,218,497$91.6M0.0%+68,727
Sei Investments Co1,880,351$77.7M0.1%+568,921
Charles Schwab Investment Management Inc1,629,903$67.3M0.0%+195,453
Goldman Sachs Group Inc1,611,778$66.6M0.0%−49,051
Vanguard Capital Management LLC1,564,731$64.6M0.0%+35,392
State Street Corp1,452,474$60.0M0.0%+63,593
Invesco Ltd.1,286,693$53.2M0.0%−1,115,072
Geode Capital Management, LLC920,049$38.0M0.0%+73,589
Jacobs Levy Equity Management, Inc908,171$37.5M0.1%−22,984
Royce & Associates LP784,072$32.4M0.3%−34,513
Aqr Capital Management LLC783,492$32.4M0.0%+485,483
Morgan Stanley672,535$27.8M0.0%+244,292
Jones Financial Companies Lllp534,426$22.1M0.0%+345,579
Sunriver Management LLC516,995$21.4M3.4%New
22nw, LP493,000$20.4M19.5%No change
Northern Trust Corp415,891$17.2M0.0%+39,080
Two Sigma Investments, LP356,553$14.7M0.0%−288,283
Knightsbridge Asset Management, LLC338,238$13.7M0.9%+139,474
Dimensional Fund Advisors LP328,267$13.6M0.0%−273,486
Wells Fargo & Company/mn295,571$12.2M0.0%+68,108
Solas Capital Management, LLC281,852$11.6M6.2%+30,000

13F reports cover disclosed long positions in U.S. stocks only.

Members of Congress who traded it

9 trades disclosed by members of Congress. “Vs S&P since” is the stock’s change since the trade minus the S&P 500’s.

DateMemberTradeAmountVs S&P sinceFiling
Aug 7, 2023Lois FrankelDemocratic, HouseSale$1,001 - $15,000+119.1%Report
Aug 4, 2023Lois FrankelDemocratic, HousePartial sale$1,001 - $15,000+118.8%Report
Oct 24, 2022Lois FrankelDemocratic, HousePartial sale$1,001 - $15,000+157.2%Report
Oct 21, 2022Lois FrankelDemocratic, HousePartial sale$1,001 - $15,000+159.3%Report
Dec 10, 2021Lois FrankelDemocratic, HouseBuy$1,001 - $15,000−118.7%Report
Nov 16, 2020Lois FrankelDemocratic, HousePartial sale$1,001 - $15,000+154.8%Report
Jan 17, 2020Lois FrankelDemocratic, HouseBuy$1,001 - $15,000−178.0%Report
Dec 18, 2019Lois FrankelDemocratic, HouseBuy$1,001 - $15,000−181.8%Report
Dec 17, 2019Lois FrankelDemocratic, HouseBuy$1,001 - $15,000−181.4%Report

Members report amounts as ranges, not exact figures. Returns are price-only (no dividends).

SEC filer profile

How Insperity is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARINSPERITY, INC.2
  • CIK0001000753
  • Employer ID (EIN)76-047964515
  • Filer statusLarge accelerated filer not an emerging growth company; not a smaller reporting company; not a shell company15
  • Incorporated inDelaware15
  • Fiscal year endsDecember 312
  • Industry code (SIC)7363 Services-Help Supply Services2
  • SEC reviewing officeOffice of Trade & Services, Division of Corporation Finance2
  • Business address19001 Crescent Springs Dr, Kingwood, TX 773392
  • Phone71335889862
  • Shares outstanding38,195,270 as of Jul 22, 202613
  • Public float$2.1B as of Jun 30, 202515
  • AuditorErnst & Young LLP, Houston, Texas PCAOB ID 42; it also attests to the company’s internal control over financial reporting15
  • On EDGAR sinceOct 23, 19962
  • Filings2,477 in all: 4 (1,739), 8-K (206), SC 13G/A (123), 10-Q (89), SC 13G (44), DEF 14A (30), 10-K (28), 144 (28)2
    All 36 form types

    SC 13D/A (25), 3 (21), 4/A (16), ARS (14), S-8 (14), CT ORDER (11), DEFA14A (10), 5 (8), SC TO-I/A (8), SCHEDULE 13G/A (8), 8-A12B/A (7), UPLOAD (7), CORRESP (5), SC 13D (5), SCHEDULE 13G (5), S-1/A (4), 8-A12B (3), PRE 14A (3), 10-K405 (2), 15-12B (2), 8-K/A (2), CERT (2), S-8 POS (2), SC TO-I (2), 10-K/A (1), 10-Q/A (1), 3/A (1), 424B4 (1)

  • Latest filingsAnnual report (10-K) Feb 11, 2026
    Quarterly report (10-Q) Jul 30, 2026
    Proxy statement (DEF 14A) Apr 14, 2026
    Latest 8-K (8-K) Jul 29, 2026

Securities registered for trading

ClassSymbolExchange
Common Stock, $0.01 par value per shareNSPNew York Stock Exchange

From the cover page of the 10-K filed Feb 11, 2026 (Section 12(b) of the Exchange Act).15

Risk factors and legal proceedings

The risks Insperity names in Item 1A of its 10-K filed Feb 11, 2026: 28 risks under these headings, as written.15

  • Economic Risks
  • Adverse economic conditions or changes in the employment levels could negatively affect our industry, business, and results of operations.
  • If the claims that we made for employee retention tax credits under COVID relief programs are disallowed, our business, financial condition, and results of operations could be materially adversely affected.
  • Bank failures or other events affecting financial institutions could have a material adverse effect on our business, results of operations or financial condition, or have other adverse consequences.
  • Labor shortages, increasing competition for highly skilled workers, and evolving employee expectations regarding the workplace could have a material adverse effect on our business, financial condition or results of operations.
  • Inflation may reduce our profitability.
  • Geographic market concentration makes our results of operations vulnerable to regional economic factors.
  • We are subject to covenants under our credit facility that may restrict our business and financing activities. Our failure to comply with these covenants may result in an acceleration of our indebtedness, which could have a material adverse effect on our business, financial condition or results of operations.
  • A future outbreak of highly infectious or contagious diseases could have a material and adverse impact on our business, results of operations, financial condition and cash flows.
  • PEO HR Solutions Risks
  • We assume liability for WSEE payroll, payroll taxes, benefits costs and workers’ compensation costs and are responsible for their payment regardless of the amount billed to or paid by our clients.
  • Increases in health insurance costs or our inability to secure replacement health insurance coverage on competitive terms could have a material adverse effect on our business, financial condition or results of operations.
The other 18 risks
  • Health care reform could affect our health insurance plan and could lead to a significant disruption in our business.
  • A determination that we are not the employer of our WSEEs and an inability to offer alternate benefit plans could have a material adverse effect on our business.
  • Increases in workers’ compensation costs or our inability to secure replacement coverage on competitive terms could lead to a significant disruption and harm to our business.
  • Our ability to adjust and collect service fees for increases in unemployment or other tax rates may be limited.
  • Many of our contracts for our PEO HR Solutions may be canceled on short notice. Our inability to renew client contracts or attract new clients could materially and adversely affect our financial condition or results of operations.
  • Our loss of insurance coverage, the failure of our insurance carriers or increased insurance costs or deductibles could have a material adverse effect on us.
  • A determination that a client is liable for employment taxes not paid by a PEO may discourage clients from contracting with us in the future.
  • New and higher federal, state and local taxes could have a material adverse impact on our financial condition and results of operations.
  • We may be subject to liabilities for client and employee actions.
  • Changes in federal, state and local regulation or our inability to obtain licenses under new regulatory frameworks could have a material adverse effect on our results of operations or financial condition.
  • Competition and other developments in the HR services industry, including the impact of AI, may impact our growth and/or profitability.
  • Technology Risks
  • Evolving regulations, market trends and client expectations require us to constantly enhance and expand our service and technology offerings.
  • Disruptions of our information technology systems could damage our reputation and materially disrupt our business operations.
  • We could be subject to reduced revenues, increased costs, liability claims, or harm to our competitive position as a result of data theft, cyberattacks or other security vulnerabilities.
  • Failure to comply with privacy, data protection, biometric, AI, and cybersecurity laws and regulations could have a material adverse effect on our reputation, results of operations or financial condition, or have other adverse consequences.
  • The failure of third-party providers, such as financial institutions, data centers, or cloud-service providers, could have a material adverse effect on us.
  • Other Operational Risks
  • We may not fully realize the anticipated benefits of our strategic partnership and joint solution with Workday, which could have a material adverse impact on our financial condition or results of operations.
  • Failure to integrate or realize the expected return on future product offerings, including through acquisitions, strategic partnerships, and investments, could have a material adverse impact on our financial condition or results of operations.

Legal proceedings

We are not a party to any material pending legal proceedings other than ordinary routine litigation incidental to our business that we believe would not have a material adverse effect on our financial condition or results of operations, except as discussed in Note 12 to the Consolidated Financial Statements, “Commitments and Contingencies,” which is incorporated herein by reference.

The opening of Item 3, Legal Proceedings.15

Sources

The numbers on this page point here. Each one links to the record it came from.

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