CBIZ announces acquisition by Grant Thornton for $5B while reporting a second quarter 2026 adjusted EPS beat.

CBIZ announced it will be acquired by Grant Thornton for $5.0 billion in an all-cash transaction. For the second quarter, the company reported revenue of $682.2 million, a decrease of 0.2% year-over-year, and GAAP EPS of $0.31. Adjusted diluted EPS came in at $0.91.

Key Highlights

• Grant Thornton will acquire CBIZ in an all-cash transaction with an enterprise value of $5.0 billion, or $55.00 per share, expected to close in the fourth quarter of 2026.
• Second quarter adjusted EPS of $0.91 beat analyst estimates of $0.74, though it declined 8.1% from the prior year, while revenue of $682.2 million missed expectations of $698.0 million.
• Due to the pending acquisition, CBIZ has withdrawn its fiscal 2026 guidance and canceled its earnings conference call.