Barrett Business Services Reports Q3 2026 Revenue Growth Amid Macroeconomic Headwinds
Barrett Business Services (BBSI) reported third-quarter revenue of $334.1 million, a 5% increase year-over-year, driven primarily by growth in professional employer services. Gross billings rose 3% to $2.40 billion, supported by new client acquisitions and higher average daily billings per employee. However, net income fell to $16.8 million ($0.69 per diluted share) from $20.6 million in the prior-year quarter. Despite strong sales volume from new clients, overall growth in worksite employees was tempered by workforce reductions among existing clients due to macroeconomic uncertainties. This softness led management to revise full-year worksite employee guidance downward to 1%–2%. While staffing services saw a 7% decline, the company's asset-light market and insurance submission volumes showed significant momentum.
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Topics: net income professional employer services revenue growth staffing services worksite employees