CBIZ, Inc. (CBZ) Stock Price & How to Invest
Last updated July 2026
Short answer
CBIZ (CBZ) is a way to own the largest US professional-services advisor focused on the middle market, offering accounting, tax, advisory, employee benefits, and insurance services, a steady fee-based business now digesting its transformational 2024 acquisition of Marcum.
CBZ stock price
As of 2026-07-14, CBIZ, Inc. (CBZ) last closed at $40.44, down 44.5% over the past year. Over the past 52 weeks it has traded between $25.14 and $77.81.
Prices are daily closing prices from Yahoo Finance and may be delayed. For the live quote, check your broker or CBIZ, Inc.'s investor relations page. Walnut is informational, not investment advice.
What does CBIZ, Inc. (CBZ) do?
CBIZ, Inc. is a national professional-services firm that provides accounting and tax, financial advisory and consulting, employee benefits consulting, property and casualty insurance brokerage, and technology and managed IT services, primarily to middle-market businesses. It reports through three segments: Financial Services (the largest, covering accounting, tax, and advisory), Benefits and Insurance Services, and National Practices. Much of its revenue is recurring and fee-based, tied to compliance calendars, benefits renewals, and long-standing client relationships rather than a single product cycle. Its November 2024 acquisition of Marcum LLP, valued at roughly $2.3 billion, was the largest deal in its history and roughly doubled the company's scale, pushing combined annualized revenue toward $2.8 billion and making CBIZ the largest advisor of its kind in the US.
The investment picture centers on integration and margin execution. Full-year 2025 revenue rose about 52% on the Marcum deal, and adjusted earnings grew sharply, but 2026 organic growth is guided to a more modest 2% to 5% as the one-time acquisition boost laps. Management has framed 2026 around finishing the Marcum integration, applying technology and AI to service delivery, and returning cash through buybacks. Underlying operating margins have softened as integration, technology, and facility costs work through the model, and reported quarterly profit has at times been flattered by acquisition-related accounting gains, so investors tend to focus on adjusted EBITDA and free cash flow to judge the true run-rate.
What's driving CBIZ, Inc. (CBZ)?
1. Marcum integration and scale synergies
The 2024 Marcum acquisition roughly doubled CBIZ's size and created the largest middle-market accounting and advisory platform in the US. Management has said integration is largely complete with synergies tracking ahead of plan, which supports adjusted EBITDA of roughly $465 million to $475 million guided for 2026. Realizing cost savings and cross-selling across the enlarged client base is the central lever on profitability.
2. Recurring, fee-based revenue base
A large share of CBIZ revenue comes from recurring accounting, tax, benefits, and insurance work tied to regulatory and renewal calendars rather than discretionary spending. This gives the top line more stability than project-driven consultancies. The business does carry seasonality, with the first half weighted toward tax-season activity.
3. Technology, AI, and margin discipline
Management has positioned 2026 around applying technology and AI to service delivery while holding down non-labor costs. Widening adjusted margins after a period of integration spending is a key part of the story. Success would let modest revenue growth translate into faster earnings and free-cash-flow growth.
4. Capital returns and cash generation
CBIZ guides to free cash flow in the range of roughly $270 million to $290 million and has boosted share buybacks alongside its raised 2026 adjusted EPS outlook of about $4.00 to $4.10. Debt taken on for Marcum makes deleveraging and steady cash conversion important. Buybacks provide a per-share tailwind if organic growth stays in the low-to-mid single digits.
What are the risks to CBIZ, Inc. (CBZ)?
CBIZ carries acquisition-related debt from the Marcum deal, so higher-for-longer interest rates and slower deleveraging are a risk to earnings. Organic growth guided at only 2% to 5% leaves little margin for error, and integration, technology, and facility costs have pressured underlying operating margins even as reported profit was helped by one-time acquisition gains that will not recur. The business depends heavily on attracting and retaining accounting, tax, and advisory professionals in a tight labor market, and on middle-market client health that softens in a recession. Regulatory change in tax and benefits, competition from far larger accounting and insurance-brokerage firms, and integration missteps across a much larger combined workforce are additional risks, and the stock has re-rated lower despite raised guidance.
How is CBIZ, Inc. (CBZ) valued? (approximate, JULY 2026)
A simple financial snapshot. These are approximations and refresh quarterly; for current figures see CBIZ, Inc.'s investor relations page or your broker.
- Revenue (TTM): ~$2.8B
- Q1 2026 revenue: ~$848.6M (+1.3% YoY)
- 2026 revenue guidance: ~$2.8B to $2.9B (2-5% growth)
- 2026 adjusted EPS guidance: ~$4.00 to $4.10 (raised)
- 2026 adjusted EBITDA guidance: ~$465M to $475M
- Market cap: ~$2.1B
CBIZ traded around $40 in July 2026, with a trailing P/E near 15 and a forward P/E closer to 9 on guided adjusted earnings, well below its multi-year average multiple. The valuation compression reflects the shift from acquisition-fueled 52% revenue growth in 2025 to guided low-to-mid single-digit organic growth in 2026. Reported quarterly results have at times included large non-operating gains from Marcum acquisition accounting, so adjusted EBITDA and free cash flow are the cleaner gauges of the underlying run-rate.
Who competes with CBIZ, Inc. (CBZ)?
Accounting, tax, and advisory firms
CBIZ competes for middle-market accounting, tax, and advisory work against national and regional firms such as RSM US, Baker Tilly, Grant Thornton, and the Big Four (Deloitte, PwC, EY, KPMG) on larger engagements. Most direct peers are private partnerships, which makes CBIZ one of the few public ways to own this professional-services model at scale.
Publicly traded consulting and advisory peers
For financial advisory and consulting, CBIZ overlaps with public firms like FTI Consulting (FCN), Huron Consulting (HURN), CRA International (CRAI), and ICF International (ICFI). These names give the market a benchmark for margins and valuation multiples in project-based and specialty advisory services.
Benefits and insurance brokerage rivals
CBIZ's Benefits and Insurance Services segment competes against large insurance brokers and benefits consultants such as Arthur J. Gallagher (AJG), Brown & Brown (BRO), Marsh & McLennan (MMC), and Aon (AON). These firms are far bigger in brokerage, setting the competitive backdrop for CBIZ's property-casualty and employee-benefits offerings.
How to invest in CBIZ, Inc. (CBZ)
There are three common ways to get CBZ exposure. Buy shares (or fractional shares) directly at any major broker. Hold an ETF that includes it, which spreads the position across many companies. Or build it into a focused thematic basket, so CBZ sits alongside other stocks that express the same thesis.
Walnut takes the basket route. Describe a thesis where CBZ fits (for example “AI infrastructure” or “dividend-growth large-caps”) and the AI proposes 5 to 6 constituents with target weights. You review the plan and fund it through your own broker when you're ready.
The bottom line on CBIZ, Inc. (CBZ)
CBZ is a recurring-revenue professional-services roll-up whose story turns on integrating Marcum, defending margins, and converting scale into cash, with a valuation that has compressed toward value-stock territory.
More on CBIZ, Inc. (CBZ)
Whether CBZ is worth buying today depends more on your time horizon and what you already hold than on any single call. We walk through valuation, what would have to go right, and the risks in is CBZ a buy?, and where the stock could go from here in the CBZ stock forecast.
For income investors, whether CBZ pays a dividend and how the payout looks is covered in does CBZ pay a dividend?
Build a basket around CBZ with Walnut
Use CBIZ, Inc. as one constituent in a thematic basket Walnut's AI helps you assemble. Describe a thesis you believe in, the AI proposes the holdings and weights, and you approve before any broker order.
FAQ
What does CBIZ do?
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CBIZ, Inc. is a national professional-services firm serving mainly middle-market businesses. It provides accounting and tax, financial advisory and consulting, employee benefits consulting, property and casualty insurance brokerage, and technology and managed IT services, organized into Financial Services, Benefits and Insurance Services, and National Practices segments.
What is the ticker CBZ?
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CBZ is the NYSE ticker for CBIZ, Inc. The company is a US-listed professional-services advisor, not to be confused with the private accounting partnerships it competes against. It is one of the few publicly traded pure-play middle-market accounting and advisory firms.
Why did CBIZ acquire Marcum?
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CBIZ closed its acquisition of Marcum LLP in November 2024 in a cash-and-stock deal valued at roughly $2.3 billion, its largest ever. The combination roughly doubled CBIZ's scale, lifted combined annualized revenue toward $2.8 billion, and made it the largest advisor of its kind in the US middle market.
Is CBIZ profitable?
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Yes. CBIZ has been consistently profitable, and full-year 2025 revenue rose about 52% with adjusted earnings up sharply on the Marcum deal. For 2026 the company raised adjusted EPS guidance to roughly $4.00 to $4.10, though some reported quarterly profit has been boosted by one-time acquisition-related gains.
How fast is CBIZ growing?
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The 52% revenue jump in 2025 was driven mainly by the Marcum acquisition. For 2026 CBIZ guides to more modest organic revenue growth of about 2% to 5% as the acquisition boost laps, with adjusted EBITDA guided near $465 million to $475 million.
Why has CBZ stock re-rated lower?
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CBZ's valuation multiple compressed as the market shifted from valuing acquisition-fueled growth to lower single-digit organic growth. The shares fell even after CBIZ raised 2026 guidance, leaving a trailing P/E near 15 and a forward P/E closer to 9, well below the stock's multi-year average.
Does CBIZ pay a dividend?
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CBIZ has historically not paid a regular cash dividend, instead returning capital primarily through share buybacks, which it boosted alongside its raised 2026 outlook. Investors should confirm the current capital-return policy directly in company filings before assuming any payout.
What are the main risks of owning CBZ?
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Key risks include acquisition-related debt and interest costs, integration and technology spending that has pressured underlying margins, dependence on retaining accounting and advisory talent, sensitivity to middle-market client health in a downturn, regulatory change in tax and benefits, and competition from much larger accounting and insurance-brokerage firms.
Walnut is informational, not investment advice. Financial figures on this page are approximations; always verify current numbers with CBIZ, Inc.'s investor relations page or your broker before making investment decisions.