EarningsQ2 2026 Earnings Report
DE:BB1 Q2 2026 EPS Results
Actual EPS€0.46
Consensus EPS€0.49
Beat/MissMissed by -€0.03
One Year Ago EPS€0.62
DE:BB1 Q2 2026 Revenue Results
Actual Revenue€283.56M
Expected Revenue€285.59M
Beat/MissMissed by -€2.03M
YoY Revenue Growth+3.77%
Earnings Announcement Details
QuarterQ2 2026
Date08/05/2026
TimeAfter Close
Conference CallWednesday, August 5, 2026
DE:BB1 Upcoming Earnings
Barrett Business Services's next earnings date is estimated for November 4, 2026, based on past reporting schedules.
Q2 2026 Earnings Call Audio
DE:BB1 Q2 2026 Earnings Call
0:00 / 0:00
Q2 2026 Earnings Slide Deck
No slide deck is available for this earnings event.
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Neutral
The call presented a mixed picture: clear commercial momentum (new client growth, product rollout, regional wins, benefits traction and disciplined expenses) offset by margin headwinds driven primarily by rising workers' compensation claim costs and the timing lag for pricing to take effect, an 18% decline in staffing revenue, and a meaningful drop in EPS. Management expects 2026 to be a transition year with margins improving in 2027 as pricing actions fully roll through, while maintaining a conservative near-term outlook and continued investment in products and go-to-market capabilities.Company Guidance
Top-line growth and gross billings
Gross billings increased 2.6% year-over-year to $2.29 billion in Q2 2026 (PEO gross billings +2.8% to $2.28 billion), reflecting continued revenue expansion despite headwinds.
Strong new client acquisition and net new WSE additions
New client acquisitions were up 17% year-over-year and BBSI added approximately 4,500 worksite employees (WSEs) from net new clients, contributing to 1% total PEO WSE growth in the quarter.
Improved average billing per WSE
Average billing per WSE per day rose 2.2% in the quarter, driven by rising wages (partially offset by lower overtime and hours worked).
Regional and asset-light market outperformance
East Coast gross billings grew 16% (21st consecutive quarter of double-digit growth) and asset-light markets grew 73% year-over-year; several new metros (e.g., Dallas, Chicago) are ramping well.
Benefits product momentum
BBSI Benefits had a strong quarter with ~70 new clients and over 2,000 participants added, and the company reported 93% retention on 1/1 renewals (97% net PEO retention when placing 4% elsewhere).
Technology and product investments to drive retention and sales
Company has rolled out multiple HR/employee lifecycle products (applicant tracking, benefits, employee file cabinet, learning management, performance management) intended to increase sales and client retention.
Disciplined cost management and capital allocation
SG&A decreased ~2% in Q2; BBSI holds $68 million of unrestricted cash and investments, no debt, repurchased $15 million of shares in Q2 under a $100 million program (~$40 million remaining), and paid $1.9 million in dividends (dividend reaffirmed).
PEO recruiting success
Recruiting efforts for PEO clients resulted in 157 applicant placements in the quarter, a 35% increase year-over-year, showing operational adaptability amid staffing headwinds.
DE:BB1 Earnings History
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.
Beat
Missed