What is Insperity's latest dividend and current dividend yield?

Did Insperity beat or miss consensus estimates last quarter?

What were the key takeaways from Insperity’s earnings call?

What factors drove the changes in Insperity's revenue and profit?

What is the revenue and EPS growth rate for Insperity year over year?

What guidance did Insperity's management provide for the next earnings period?

What is the market's earnings forecast for Insperity next quarter?

What were the key takeaways from Insperity's earnings call?

- **2026 Growth Outlook**: Paid worksite employees expected to decline 1.5%-flat YoY, but seasonal recovery post-Q1. 
- **HRScale Pipeline**: 6,000-8,000 worksite employees by end-2026, with beta clients live in Q2. 
- **Margin Recovery**: 60% of clients to renew with new pricing in 2026, driving gross profit improvement. 
- **Financial Guidance**: 2026 EBITDA $170M-$230M (30%-76% increase), EPS $1.69-$2.72 (64%-164% increase). 
- **Three-Year Plan**: Aiming for 2027 return to historical growth/EBITDA metrics (20%+ annual growth).

**【CFO Financial Commentary】**
- Q4 2025: Adjusted EPS of -$0.60, adjusted EBITDA of -$13M (excluding $2.8M sales office consolidation). Worksite employees grew 1.1% YoY to 312,377, slightly below forecast due to client net hiring volatility. Gross profit per worksite employee was $183/month, in line with expectations. Operating expenses decreased 6% YoY. 
- HRScale investment: $15M in Q4 (2025), $59M for full year. Capitalized $11M in Q4. 
- 2026 Guidance: Avg. paid worksite employees flat to ±1.5% YoY. Adjusted EBITDA $170M-$230M (30%-76% increase), adjusted EPS $1.69-$2.72 (64%-164% increase). Restructuring to save $20M in OpEx. 

**【CEO Strategic Update】**
- 2025 Challenges: Small business employment stagnation, elevated healthcare costs. 
- 2026 Focus: Margin recovery via pricing, client selection, HRScale rollout. 
- HRScale Pipeline: 6,000-8,000 worksite employees by end-2026, with beta clients going live in Q2. 60% of clients to renew with new pricing in 2026. 
- Growth Outlook: 2026 paid worksite employees expected to decline 1.5%-flat YoY, but aiming for seasonal recovery post-Q1. 
- Three-Year Plan: Targeting 2027 return to historical growth/EBITDA metrics (20%+ annual growth). 

**【Q&A Highlights】**
- **HRScale Momentum**: CEO confident in 6,000-8,000 worksite employee target, with new clients and upgrades. Deployment period expected to shorten over time. 
- **Healthcare Costs**: 2026 trends remain elevated, but UHC contract changes and plan design tweaks expected to mitigate 2% of cost. 
- **Client Retention**: 83% retention rate in 2025, with higher attrition in Q4 due to pricing changes. 60% of clients yet to renew with new pricing. 
- **Long-Term Strategy**: Shifting to client-sponsored plans to reduce benefit risk, while maintaining core HR services. 2027 expected to show meaningful HRScale revenue impact.

Insperity, Inc. (NSP) Q4 2025 Earnings Call Transcript

- **Healthcare Cost Crisis**: 9.1% YoY benefits cost trend driven by AI and utilization, requiring $20M in adjustments and 3% operating expense cuts.
- **UHC Contract Win**: 2% cost savings and reduced risk pooling to $500K, supporting 2026 margin recovery.
- **HRScale Breakthrough**: Q3 booked sales up 45% YoY, with largest account sale tied to HRScale interest. Expected to launch Q1 2026 with beta clients.
- **2026 Outlook**: Projected recovery of 2025 shortfall via pricing, UHC savings, and HRScale growth, despite macro SMB hiring challenges.

**【CFO Financial Commentary】**
- **Q3 2025 Financial Results**: Adjusted EPS was -$0.20, and adjusted EBITDA was $10 million, below forecasts due to $20 million in higher-than-expected benefits costs. Benefits cost trend was 9.1% YoY, driven by increased outpatient/inpatient utilization, pharmacy costs, and AI-driven upcoding.
- **2025 Outlook**: Full-year adjusted EPS expected in $0.84–$1.47 range, with benefits cost trend at 9% YoY. Q4 adjusted EBITDA forecasted at -$25M to $9M, with operating expenses down 3% YoY.
- **Capital Allocation**: $22M in dividends and $19M in share repurchases YTD, with $120M cash on hand.

**【CEO Strategic Initiatives】**
- **Healthcare Cost Mitigation**: New 3-year UHC contract reduces claims risk (pooling level cut to $500K) and projects 2% cost savings. Pricing adjustments for new/renewing clients to offset 9%+ trend.
- **HRScale Launch**: Beta clients go-live in Q1 2026, with booked sales success (45% Q3 YoY growth, largest account sale in history). Complementary pricing with HR360 to target mid-market clients.
- **3-Year Growth Plan**: Aims to return to double-digit unit growth and 20%+ EBITDA growth via HRScale, AI-driven efficiency (e.g., Compass tool), and cost control.

**【Q&A Highlights】**
- **Earnings Recovery**: 2026 expected to recover majority of 2025 shortfall via UHC savings, pricing, and HRScale. Client retention stable at 99% despite higher pricing.
- **HRScale Pricing**: Initial discounts for beta clients, but still higher than HR360. Long-term pricing supported by unique value proposition.
- **AI Impact**: Short-term focus on AI tools for client retention; long-term potential for SMB job creation offsets efficiency risks.

Insperity, Inc. (NSP) Q3 2025 Earnings Call Transcript

- **Q2 Results Underwhelmed**: EPS ($0.26) and EBITDA ($32M) missed low end of guidance due to $12M benefits cost overruns.
- **Worksite Growth Resilient**: 0.7% YoY unit growth, with new sales up 2% YoY despite macro challenges.
- **Workday Beta Launch**: Early 2026 targeted, with pricing validation exceeding expectations for mid-market HRScale solution.
- **Healthcare Cost Headwinds**: 9% YoY trend to persist, offset by 75-100bps price hikes and plan design changes.
- **2026 Outlook**: Accelerated growth via fall sales push, gross margin recovery, and AI-driven efficiency gains.

**【CFO Financial Remarks】**
- Q2 2025 EPS: $0.26 (vs. low end of guidance by $0.03), Adjusted EBITDA: $32M (vs. low end by $1M) due to higher-than-expected benefits costs.
- Unit growth: 0.7% YoY to 309,115 worksite employees, with new sales up 2% YoY.
- Gross profit per worksite employee: $240/Mo (down 15% YoY) due to $12M unfavorable benefits cost trends.
- Operating expenses: -3% YoY, with $14M invested in Workday partnership.
- Full year 2025 guidance: Worksite growth 1-2%, benefits cost trend +75-100bps YoY, adjusted EBITDA $170-205M, adjusted EPS $1.81-2.51.

**【CEO Strategic Update】**
- Workday partnership: Beta launch targeted for early 2026, with pricing validation exceeding expectations.
- New HR solutions: Insperity HR 360, HR Core, and HRScale launched, expanding addressable market.
- Sales efficiency: 13% improvement with 11% fewer BPAs, booking same worksite employees YoY.
- 2026 outlook: Accelerated growth via fall sales campaign, gross margin recovery, and operating expense leverage.

**【Q&A Highlights】**
- Workday financial impact: $150M+ investment expected, with operating expense leverage emerging post-launch.
- Healthcare costs: 9% YoY trend driven by specialty drugs, pricing and plan design changes to offset.
- Sales force growth: Minimal BPA expansion needed due to HRScale's operating leverage potential.
- UnitedHealthcare negotiations: Focus on aligning incentives for plan participants and long-term cost management.

Insperity, Inc. (NSP) Q2 2025 Earnings Call Transcript

- **Q1 Results Missed Expectations**: Higher-than-expected medical claims (+$28M) drove $102M EBITDA (vs. $110M-$115M guidance). 
- **Client Sentiment Declines**: 66% of clients expect negative economic impact in 2025 (vs. 29% in Jan). 
- **Workday Partnership Accelerates**: 
  - Corporate platform launched Q1; targeting 40,000+ mid-market businesses. 
  - Potential to double mid-market sales by 2026 via joint HR-tech solution. 
- **Benefits Cost Trend Elevated**: Full-year trend forecast 6.5%-7.5% YoY (vs. prior 5%-6.5%). 
- **Growth Outlook Modest**: Worksite employee growth revised to 0.5%-3% YoY (down 100bps).

**【CFO Financial Overview】**
- Q1 2025 adjusted EPS: $1.57 (vs. guidance range), adjusted EBITDA: $102M (below expectations). 
- Paid worksite employees: 306,023 (+0.7% YoY), new client sales growth: 3% YoY, but net hiring near flat. 
- Gross profit per worksite employee: $338/Mo (-$40 YoY), driven by 8.4% YoY increase in benefits costs. 
- Operating expenses: $5M over budget, primarily due to $13M Workday partnership investment. 

**【CEO Strategic Update】**
- **Macroeconomic Impact**: 66% of clients expect negative economic impact in 2025 (vs. 29% in Jan). 
- **Client Retention Strength**: Total client retention: 91% (vs. 88% in Q1 2024). 
- **Workday Partnership Progress**: 
  - Corporate Workday platform launched successfully in Q1. 
  - Go-to-market plan agreed with Workday, targeting 40,000+ mid-market businesses. 
  - Potential to double mid-market sales by 2026 through joint HR-tech solution. 

**【Financial Guidance】**
- **Full Year 2025**: 
  - Worksite employee growth: 0.5%-3% YoY (down from prior 1.5%-4% range). 
  - Benefits cost trend: 6.5%-7.5% YoY (vs. prior 5%-6.5% range). 
  - Adjusted EBITDA: $190M-$245M. 
  - Adjusted EPS: $2.23-$3.28. 
- **Q2 2025**: 
  - Paid worksite employees: 308,000-311,000 (0.3%-1.3% YoY). 
  - Adjusted EBITDA: $33M-$53M. 

**【Key Risks & Initiatives】**
- **Benefits Cost Mitigation**: 
  - Pricing adjustments to begin in Q2, targeting mid-2026 realignment. 
  - Plan design changes and carrier contract renegotiations in pipeline. 
- **Workday Investment**: 
  - $62M annual spend (vs. $57M in 2024), with potential for capitalization of development costs. 
  - POD team forming to co-sell joint solution starting H2 2025.

Insperity (NSP)-29 Apr 25-2025 Q1 Earnings call transcript

- **Q4 Financial Strength**: $23M EBITDA beat, 37% new client growth, 99% retention despite weak hiring.
- **Workday Momentum**: Corporate tenant launch April 2025; mid-market retention improved 63% YoY for beta clients.
- **2025 Growth Path**: 2-4% worksite growth driven by sales effectiveness, 65% CEOs plan hiring.
- **Strategic Pricing**: 2025 price hikes match 5-6.5% cost trend; 65% CEOs expect to add employees.
- **Capital Allocation**: $62M Workday investment in 2025; 2026 spend tied to launch timing.


**【CFO Financial Summary】**
- **Q4 2024 Results**: Adjusted EPS of $0.05, adjusted EBITDA of $23M (above midpoint of guidance). Paid worksite employees averaged 309,093 (-2% YoY) due to weak client hiring. New client worksite employees increased 37% YoY, with 99% client retention.
- **Cost Trends**: Gross profit per worksite employee ($235/Mo) stable YoY. Operating expenses rose 17% YoY ($57M investment in Workday partnership). Full-year 2024 benefits cost trend 4.3%, below expectations.
- **Capital Returns**: $22M dividends, $12M share repurchases. Ending cash: $134M; credit facility: $280M.

**【CEO Strategic Update】**
- **Fall Campaign Success**: Q4 booked sales up 8% YoY. Attrition from terminating clients down 32% YoY (63% improvement in large accounts). January 2025 starting point for worksite employees +1.3% YoY.
- **Market Sentiment**: Small business optimism at 6-year high (NFIB Index). 65% of Vistage CEOs expect to hire in 2025. 
- **Workday Partnership Milestones**: 
  - Insperity corporate tenant launch April 1, 2025.
  - Platform enhancements for exclusive client tenant in Q2/Q3 2025.
  - Co-selling with Workday expected late 2025, targeting 2026 launches.
- **2025 Outlook**: 2-4% worksite employee growth (sequential acceleration beyond Q1 1.5-2%). Focus on mid-market expansion, AI-driven efficiency, and premium pricing strategy.

**【Q&A Highlights】**
- **Workday Impact**: Beta testing clients show 63% reduction in large account terminations. Mid-market retention improved 40% YoY. 
- **Expense Allocation**: $62M Workday investment evenly spread in 2025; 2026 spend TBD post-launch.
- **Pricing Strategy**: 2025 price increases match 5-6.5% benefits cost trend. Small business clients prefer cost-sharing plans (e.g., HSA, HDHP), limiting adverse mix risk.
- **Hiring Trends**: 2024 net hiring lowest in 20 years; 2025 assumes modest recovery weighted to H2. 65% of surveyed CEOs plan to hire in 2025.


Actual											1.7	1.54	0.91	0.49	1.82	0.91	0.89	0.34	1.99	1.16	1.23	1.21	2.67	0.64	1.46	0.75	2.27	0.86	0.39	0.05	1.57	0.26	-0.2	-0.6
Forecast											1.6067	1.09	0.455	0.3025	1.56	0.664	0.856	0.742	1.7975	0.9925	0.965	0.9125	2.4827	1.2472	0.8634	0.644	2.125	0.725	0.3269	0.0182	2.0212	0.4078	0.2205	-0.466
Surprise	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	+5.81%	+41.28%	+100.00%	+61.98%	+16.67%	+37.05%	+3.97%	-54.18%	+10.71%	+16.88%	+27.46%	+32.60%	+7.54%	-48.69%	+69.10%	+16.46%	+6.82%	+18.62%	+19.30%	+174.73%	-22.32%	-36.24%	-190.70%	-28.76%

NSP

NSP fundamentals

NSP Q4 2025 Earnings

Earnings Call

You can ask Aime

NSP

NSP fundamentals

NSP Q4 2025 Earnings

Earnings Call

NSP Earnings Call Summary for Q4/20255:00 PM on Feb 10, 2026

NSP Earnings Call Summary for Q3/20255:00 PM on Nov 3, 2025

NSP Earnings Call Summary for Q2/20258:30 AM on Aug 1, 2025

NSP Earnings Call Summary for Q1/20258:30 AM on Apr 29, 2025

NSP Earnings Call Summary for Q4/20248:30 AM on Feb 10, 2025

You can ask Aime