10-Q · April 30, 2026
Insperity, Inc. reported strong Q1 2026 results with revenue of $1.895 billion, slightly exceeding estimates and representing a 2% increase compared to Q1 2025. EPS also surpassed expectations at $1.31, though it…
Earnings analysis · 10-Q
NSP earnings analysis
Filed October 29, 2026 · Our reading of the company's report
The latest report
Insperity delivered a modest revenue beat at $1.651 billion and materially improved year-over-year reported EPS from $(0.53) to $(0.02), aided by a 5% decline in operating expenses to $209 million. However, GAAP EPS…
Read full summary
Insperity delivered a modest revenue beat at $1.651 billion and materially improved year-over-year reported EPS from $(0.53) to $(0.02), aided by a 5% decline in operating expenses to $209 million. However, GAAP EPS missed the $0.16 consensus estimate, and the company remained loss-making on a reported basis despite adjusted EPS of $0.22. The 10-Q identifies $420 million of letters of credit and borrowings under a variable-rate facility, while stating that there were no material changes to the risk factors from the 2025 Form 10-K. Quantitative outlook was provided in the related earnings release, but the filing does not establish whether the updated EPS range was raised or lowered.
Gross and operating margin
How much of each revenue dollar the business keeps.
One point per quarterly or annual filing. Both margins are shares of that report's revenue.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
Reported figures
- Earnings per share
- $-0.02
What stood out
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Revenue Beat Estimates
Third-quarter revenue was $1.651 billion, approximately 1.0% above the $1.63512944 billion consensus estimate and up from $1.62 billion in 2025 Q3.
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Profitability Rebounded
Reported diluted EPS was $(0.02), compared with $(0.53) in 2025 Q3, while adjusted EPS was $0.22 and adjusted EBITDA was $31 million.
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Operating Costs Declined
Operating expenses declined 5% to $209 million, supporting the improvement from a $0.53 diluted loss per share in the prior-year quarter to a $0.02 diluted loss.
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Share Repurchases Continued
Insperity repurchased 130,000 shares under its announced program during the quarter at an average price of $47.93; 1,277,764 shares remained authorized for repurchase at September 30, 2026.
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Controls Remained Effective
Management reported that disclosure controls and procedures were effective as of September 30, 2026, with no material change in internal control during the quarter.
What to watch
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GAAP Earnings Missed Estimates
Reported diluted EPS of $(0.02) missed the $0.16 consensus estimate despite revenue of $1.651 billion, indicating continued earnings volatility and a gap between adjusted and GAAP profitability.
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Leverage and Interest-Rate Exposure
The company had $420 million of outstanding letters of credit and borrowings under its variable-rate Facility as of September 30, 2026, exposing liquidity and interest expense to financing-market conditions.
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Risk Profile Unchanged
The filing states there were no material changes to the risk factors disclosed in the 2025 Form 10-K; therefore, previously identified risks remain applicable rather than being reduced by this filing.
Management's outlook
The related earnings release provided Q4 2026 adjusted EPS guidance of $0.07-$0.42 and full-year 2026 adjusted EPS guidance of $1.93-$2.28. The 10-Q does not provide a comparable prior outlook, so the direction is indeterminate; revenue guidance was not provided.
Earlier filings 4
10-K · February 11, 2026
Insperity positions itself as a scaled PEO/HR solutions provider focused on small and middle-market clients, emphasizing a ‘‘high-touch/high-tech’’ approach and a new Workday-based HRScale solution (initial clients…
10-Q · November 4, 2025
Insperity reported Q3 2025 revenues of $1.62 billion, a slight increase of 4% year-over-year but a marginal decrease from the previous quarter. However, the company posted a net loss of $20 million, translating to a…
10-Q · April 29, 2025
Insperity reported Q1 revenue of $1,863.0 million, up 3% year-over-year from $1,802.0 million, with gross profit of $310.0 million (16.6% margin) and operating income of $68.0 million (3.7% margin). Diluted EPS declined…
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.