Earnings ·
Barrett Business Services reported second quarter 2026 revenues of $319.3 million, a 4% increase year-over-year, with…
BBSIBarrett Business Services Inc
Barrett Business Services reported second quarter 2026 revenues of $319.3 million, a 4% increase year-over-year, with gross billings rising 3% to $2.29 billion. Net income declined to $12.9 million ($0.52 diluted EPS) from $18.5 million ($0.70 diluted EPS), impacted by reduced favorable workers' compensation adjustments and a prior-year tax credit disallowance charge in the first half of 2026. The company repurchased $15.0 million of stock during the quarter, leaving $40.3 million available under its $100 million program. Management updated its 2026 outlook to project gross billings growth of 3% to 4%, WSE growth of 2% to 3%, and gross margins of 2.70% to 2.75%. The Board declared a regular quarterly cash dividend of $0.08 per share, payable September 4, 2026, to shareholders of record on August 21, 2026. Barrett Business Services operates in the professional employer organization (PEO) and business management solutions industry.