CBIZ, Inc. reported its fourth-quarter and full-year 2024 financial results, highlighting the completion of its largest-ever acquisition, Marcum LLP, on November 1, 2024. Fourth-quarter revenue increased by 40.5% to $460.3 million, with same-unit revenue growth of 6.4%. Full-year revenue rose by 14.0% to $1.81 billion, with same-unit revenue growth of 4.8%.

GAAP earnings per share for 2024 were $0.78, while adjusted EPS, excluding the Marcum acquisition impact and related transaction costs, reached $2.67, reflecting a 10.8% increase from 2023.

CBIZ’s 2025 outlook projects revenue between $2.90 billion and $2.95 billion, GAAP EPS between $1.97 and $2.02, and adjusted EPS between $3.60 and $3.65. Adjusted EBITDA is expected to range from $450 million to $456 million.

CEO Jerry Grisko emphasized the strategic benefits of the Marcum acquisition, strengthening CBIZ’s market position as a leading provider of professional services to middle-market businesses. The company has also secured a $2 billion credit facility, with $1.42 billion in outstanding debt as of December 31, 2024.

A conference call was scheduled for February 26, 2025, to discuss the results in detail.