CBIZ, Inc.
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $2.76B | $1.81B | $1.59B | $1.41B | $1.10B | $963.9M | $948.4M | $922.0M |
| Cost of Revenue | $2.40B | $1.63B | $1.37B | $1.19B | $945.6M | $825.4M | $823.5M | $790.3M |
| Gross Profit | $355.4M | $182.5M | $223.2M | $223.4M | $159.3M | $138.5M | $124.9M | $131.7M |
| Gross Margin | 12.9% | 10.1% | 14.0% | 15.8% | 14.4% | 14.4% | 13.2% | 14.3% |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | $121.4M | $108.8M | $58.0M | $55.0M | $56.2M | $46.1M | $44.4M | $39.2M |
| Operating Income | $234.0M | $73.7M | $165.2M | $168.3M | $72.7M | $92.5M | $80.5M | $92.5M |
| Operating Margin | 8.5% | 4.1% | 10.4% | 11.9% | 6.6% | 9.6% | 8.5% | 10.0% |
| Interest Expense | $107.2M | $34.4M | $20.1M | $8.0M | $3.9M | $5.0M | $5.8M | $6.6M |
| Pretax Income | $160.8M | $57.8M | $166.3M | $141.5M | $93.0M | $103.5M | $92.9M | $79.8M |
| Income Tax Expense | $45.4M | $16.8M | $45.3M | $36.1M | $22.1M | $25.1M | $21.8M | $18.3M |
| Net Income | $115.4M | $41.0M | $121.0M | $105.4M | $70.9M | $78.3M | $70.7M | $61.6M |
| Net Margin | 4.2% | 2.3% | 7.6% | 7.5% | 6.4% | 8.1% | 7.5% | 6.7% |
| EPS (Basic) | $1.84 | $0.78 | $2.42 | $2.05 | $1.35 | $1.44 | $1.30 | $1.13 |
| EPS (Diluted) | $1.83 | $0.78 | $2.39 | $2.01 | $1.32 | $1.41 | $1.26 | $1.09 |
| Shares Outstanding (Basic) | 62.9M | 52.4M | 50.0M | 51.5M | 52.6M | 54.3M | 54.3M | 54.6M |
| Shares Outstanding (Diluted) | 63.2M | 52.7M | 50.6M | 52.4M | 53.7M | 55.4M | 55.9M | 56.5M |
| Dividends Per Share | — | — | — | — | — | — | — | — |