Insperity (ASF) Q3 2026 Earnings Report
DE:ASF Q3 2026 EPS Results
- Actual EPS
- EUR 0.20
- Consensus EPS
- EUR 0.19
- Beat/Miss
- Beat by +EUR 0.01
- One Year Ago EPS
- -EUR 0.18
DE:ASF Q3 2026 Revenue Results
- Actual Revenue
- EUR 1.47B
- Expected Revenue
- EUR 1.46B
- Beat/Miss
- Beat by +EUR 13.02M
- YoY Revenue Growth
- +1.73%
Earnings Announcement Details
- Quarter
- Q3 2026
- Date
- 10/29/2026
- Time
- Before Open
- Conference Call
- Thursday, October 29, 2026
Insperity's next earnings date is estimated for February 11, 2027, based on past reporting schedules.
Q3 2026 Earnings Call Audio
Q3 2026 Earnings Slide Deck
Q3 2026 Earnings Call Summary
The call was clearly positive overall. Insperity reported a significant improvement in gross profit, adjusted EPS, adjusted EBITDA, operating expenses, and cash, while its pricing and client retention strategy delivered the targeted margin recovery. Sales activity, the HRScale pipeline, renewals, and AI initiatives also showed progress. These gains were tempered by declining worksite employee counts, continued pressure on sales and retention, rising benefits and workers' compensation costs, and uncertainty around the fall campaign and year-end transition.
For Q4 2026, paid worksite employees are forecasted in a range of 306,000 to 308,000, a decrease of 1.4% to 2.0% from Q4 2025, while full-year paid worksite employees are forecasted in a range of 305,500 to 306,000, a decrease of 1.3% to 1.5% from 2025; adjusted EBITDA is forecasted in a range of $24 million to $44 million, compared to negative $13 million in Q4 2024, and $194 million to $214 million for full year 2026, an increase of 48% to 63% over 2025; the full-year effective tax rate for adjusted EPS purposes is expected to be approximately 36%, weighted average outstanding shares approximately 38.6 million, Q4 adjusted EPS is forecasted in a range of $0.07 to $0.42 per share, compared to an adjusted loss per share of $0.60 in Q4 of 2025, and full-year adjusted EPS is forecasted at $1.93 to $2.28 per share, an increase of 87% to 121% over 2025.
- Gross Profit per Worksite Employee ReboundedThird-quarter gross profit per worksite employee increased 8% year over year to $225 per month, reversing the year-over-year declines reported throughout 2025 and the first half of 2026. The improvement was driven by the cumulative impact of the pricing and client retention strategy.
- Adjusted EPS Returned to ProfitabilityThird-quarter adjusted EPS was $0.22, a $0.42 per-share improvement from the adjusted loss of $0.20 in Q3 2025. Adjusted EPS was above the midpoint of the forecasted range.
- Adjusted EBITDA Increased 210%Third-quarter adjusted EBITDA was $31 million, an increase of 210% from Q3 2025 and above the midpoint of the forecasted range.
- Total Gross Profit Increased 6%Total gross profit increased 6% year over year to $207 million in Q3 2026, in line with the company's forecast and expected seasonal pattern.
- Operating Expense DisciplineTotal operating expenses decreased 5% year over year to $209 million, primarily due to lower corporate staffing levels and related compensation costs. HRScale operating expenses were generally in line with budgeted levels.
- Favorable Client Mix and Pricing ProgressThe pricing and client retention strategy continued to accelerate pricing on a year-over-year basis and produced a favorable client mix change. The company said the mix helped bolster efforts to positively impact benefits costs beyond plan design changes and new UnitedHealth contract terms.
- Capital Returned to ShareholdersInsperity paid $23 million in dividends and repurchased 131,000 shares at a total cost of $6 million during the quarter. Adjusted cash ended the quarter at $119 million, compared with $95 million at the end of Q2.
- Improving Sales Activity and PipelineThe fall sales and retention campaign produced improved marketing lead flow and a solid pipeline of mid-market, HR360, and HRScale prospects. Business profiles and opportunities to bid services trended upward each month in Q3, reaching a solid total for the quarter despite having fewer Business Performance Advisors, indicating improved activity per BPA.
- HRScale Implementation ProgressHRScale remained on track to meet previously stated targets, with several thousand employees currently in implementation or in the queue to come on as the company moves into the new year.
- HR360 and HRScale Supporting Mid-Market GrowthOffering both HR360 and HRScale is benefiting mid-market prospects and clients. Some new mid-market and enterprise accounts selected HR360 for faster onboarding while planning to upgrade to HRScale when implementation can be scheduled, creating a starting relationship with a stated long-term commitment to both products.
- Renewals on ScheduleRenewals were reported to be on schedule. Updated messaging reinforced client renewal decisions by explaining health care trend levels, actions taken to moderate those effects, and the availability of comprehensive benefit plan options.
- AI Strategy and Internal CapabilitiesInsperity is pursuing AI in three connected areas: developing technology and services, equipping employees with knowledge and productivity tools, and enhancing the client experience. The company said its proprietary AI platform connects HR and payroll expertise, business workflow processes, client data, and AI capabilities across the organization.
- Insperity HR360 AI Agent LaunchThe recently announced Insperity HR360 AI agent is being provided to early-adopter clients to help them find answers, navigate HR responsibilities, and access guidance informed by company-specific policies with reduced need for escalation.
- Planned Conversational AI FunctionalityCapabilities under development for the HR360 AI agent include conversational intelligence that would allow business owners to ask questions in everyday language and receive reports, graphic visualizations, and contextual insights, including information such as headcount by location and employee engagement trends.
- Fourth-Quarter and Full-Year EBITDA OutlookFourth-quarter adjusted EBITDA is forecast at $24 million to $44 million. Full-year 2026 adjusted EBITDA is forecast at $194 million to $214 million, an increase of 48% to 63% over 2025. The company narrowed its full-year range while maintaining the adjusted EBITDA midpoint essentially unchanged.
- Fourth-Quarter and Full-Year EPS OutlookFourth-quarter adjusted EPS is forecast at $0.07 to $0.42 per share versus an adjusted loss per share of $0.60 in Q4 2025. Full-year adjusted EPS is forecast at $1.93 to $2.28 per share, an increase of 87% to 121% over 2025.
- Expected Additional Gross Profit ImprovementThe pricing and client retention strategy is expected to produce additional fourth-quarter improvement at the gross profit level compared with Q4 2025. The company also expects continued year-over-year operating expense reductions, primarily from lower compensation-related costs.
DE:ASF Earnings History
| Report Date | Fiscal Quarter | Forecast / EPS | Last Year's EPS | EPS YoY Change | Press Release |
|---|---|---|---|---|---|
| Feb 11, 2027 | 2026 (Q4) | 0.23- | -0.54 | ― | ― |
| Oct 29, 2026 | 2026 (Q3) | 0.190.20 | -0.18 | 210.00% (+0.37) | |
| Jul 29, 2026 | 2026 (Q2) | 0.280.30 | 0.23 | 30.77% (+0.07) | |
| Apr 30, 2026 | 2026 (Q1) | 1.141.17 | 1.4 | -16.56% (-0.23) | |
| Feb 10, 2026 | 2025 (Q4) | -0.42-0.54 | 0.04 | -1300.00% (-0.58) | |
| Nov 03, 2025 | 2025 (Q3) | 0.20-0.18 | 0.35 | -151.28% (-0.53) | |
| Aug 01, 2025 | 2025 (Q2) | 0.360.23 | 0.77 | -69.77% (-0.54) | |
| Apr 29, 2025 | 2025 (Q1) | 1.801.40 | 2.03 | -30.84% (-0.62) | |
| Feb 10, 2025 | 2024 (Q4) | 0.020.04 | 0.67 | -93.33% (-0.62) | |
| Oct 31, 2024 | 2024 (Q3) | 0.290.35 | 1.3 | -73.29% (-0.95) |
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.