CBIZ Inc. reported third quarter 2025 total revenue of $693.8 million, an increase of 58.1% compared to $438.9 million in the same period of 2024. Net income for the third quarter was $30.1 million, down 14.1% from $35.1 million a year earlier. GAAP earnings per share for the quarter were $0.48, a decrease of 31.4%. Adjusted EBITDA for the third quarter was $120.0 million, up 57.4%, and adjusted diluted earnings per share were $1.01, up 8.5%. For the nine months ended September 30, 2025, total revenue was $2.2 billion, up 63.7% from $1.4 billion in the same period of 2024. Net income for the nine-month period was $194.9 million, up 47.9%, with GAAP earnings per share of $3.06, an increase of 16.8%. Adjusted EBITDA for the nine months was $475.6 million, up 92.9%, and adjusted diluted earnings per share were $4.27, up 35.6%. CBIZ highlighted the integration of the Marcum acquisition and reported better than expected synergies. The company has provided a 2025 outlook with total revenue expected between $2.8 billion and $2.95 billion, an effective tax rate of approximately 29%, GAAP fully diluted earnings per share between $1.97 and $2.02, adjusted fully diluted earnings per share between $3.60 and $3.65, and adjusted EBITDA between $450 million and $456 million.