Barrett Business Services (NASDAQ:BBSI) Announces Quarterly Earnings Results

Barrett Business Services (NASDAQ:BBSI) issued its quarterly earnings results on Wednesday. The business services provider reported $0.64 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.64, FiscalAI reports. The company had revenue of $2.40 billion for the quarter, compared to analyst estimates of $323.43 million. Barrett Business Services had a return on equity of 24.36% and a net margin of 4.48%.The business’s revenue for the quarter was up 5.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.63 EPS.

Here are the key takeaways from Barrett Business Services’ conference call:

• Full-year results were strong: gross billings rose 8.6% to $9.0 billion and diluted EPS increased 5% to $2.08, with Q4 EPS of $0.64.
• 2026 guidance is conservative — management expects 3%–5% gross billings growth, 2%–4% average WSE growth and gross margin of 2.7%–2.85%, citing uncertainty in workers’ compensation pricing.
• BBSI Benefits and tech momentum: clients on benefits rose from ~575 to ~800 (24,000+ participants) with a 93% renewal rate (97% adjusted) and multiple product launches (ATS, Employee File Cabinet, performance module in beta).
• Operational headwinds: staffing revenues declined ~13% and client workforce reductions — particularly in California and construction — accelerated in Q4, which moderated same-customer sales.
• Capital position supports returns: $157 million of cash and investments, no debt, ~$42 million repurchased in 2025 with $75 million remaining under the buyback program, and $8.2 million paid in dividends (≈$50M returned total).

Barrett Business Services Trading Up 1.3%

NASDAQ:BBSI opened at $31.47 on Thursday. Barrett Business Services has a 12 month low of $30.24 and a 12 month high of $49.65. The business’s 50-day moving average is $36.13 and its two-hundred day moving average is $39.86. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.27 and a quick ratio of 1.27. The firm has a market capitalization of $806.26 million, a PE ratio of 15.13, a price-to-earnings-growth ratio of 0.77 and a beta of 0.99.

Barrett Business Services Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, March 27th. Investors of record on Friday, March 13th will be issued a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 1.0%. The ex-dividend date is Friday, March 13th. Barrett Business Services’s dividend payout ratio is currently 15.38%.

Analyst Ratings Changes

Several research firms recently weighed in on BBSI. Barrington Research reiterated an “outperform” rating and set a $46.00 target price on shares of Barrett Business Services in a research report on Thursday, February 19th. CJS Securities upgraded shares of Barrett Business Services to a “strong-buy” rating in a report on Thursday, December 11th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Barrett Business Services in a research report on Monday, December 29th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, Barrett Business Services has a consensus rating of “Buy” and a consensus price target of $46.00.

Hedge Funds Weigh In On Barrett Business Services

Institutional investors and hedge funds have recently bought and sold shares of the stock. Swiss National Bank raised its stake in shares of Barrett Business Services by 1.0% during the third quarter. Swiss National Bank now owns 49,800 shares of the business services provider’s stock valued at $2,207,000 after purchasing an additional 500 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Barrett Business Services by 4.3% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,219 shares of the business services provider’s stock worth $626,000 after buying an additional 633 shares during the period. Legal & General Group Plc increased its stake in Barrett Business Services by 1.9% during the 3rd quarter. Legal & General Group Plc now owns 37,091 shares of the business services provider’s stock worth $1,644,000 after buying an additional 708 shares during the period. Deutsche Bank AG lifted its holdings in Barrett Business Services by 4.3% in the 4th quarter. Deutsche Bank AG now owns 24,236 shares of the business services provider’s stock worth $878,000 after buying an additional 997 shares in the last quarter. Finally, Kestra Advisory Services LLC purchased a new position in Barrett Business Services in the 4th quarter valued at about $39,000. Hedge funds and other institutional investors own 86.76% of the company’s stock.

About Barrett Business Services

Barrett Business Services, Inc (NASDAQ: BBSI) is a professional employer organization (PEO) headquartered in Northridge, California. Founded in 1971 by Barrett K. Levesque, the company provides comprehensive human resources outsourcing solutions to small and mid-sized businesses. Through its consultative model, Barrett Business Services helps clients streamline administrative processes, mitigate regulatory risk and focus on core operations.

The company’s core offerings include payroll administration, employee benefits management, workers’ compensation and risk management services.