Barrett Business Services Q3 EPS falls to $0.69, cuts 2026 worksite employee growth outlook
Key points
- Q3 gross billings up 3.2% to $2.4 billion; revenue up 5%
- Diluted EPS $0.69, down from $0.79 a year earlier
- 2026 worksite employee growth outlook cut to 1%–2% from 2%–3%
- Company says layoffs at existing clients offset new client gains
Barrett Business Services' third-quarter gross billings rose 3.2% to $2.4 billion, and revenue rose 5%. Diluted EPS fell to $0.69 from $0.79 a year earlier.
The company said layoffs at existing clients offset gains from new clients. It cut its 2026 average worksite employee growth outlook to 1%–2% from 2%–3%, and kept its gross billings growth forecast at 3%–4%.
Original report: MarketBeat ↗Edited with AI assistance. Facts are based on official sources and original reports.