Barrett Business Services Inc.

What Barrett Business Services Inc. does

Barrett Business Services Inc. (NASDAQ: BBSI) is one of the top ten Professional Employer Organizations (PEOs) in the United States, founded in 1951 and headquartered in Vancouver, Washington. The company operates a co-employment PEO model in which it becomes the employer of record for client worksite employees, delivering payroll administration, HR consulting, risk and safety services, business strategy consulting, workers' compensation, health benefits, and staffing through a network of more than 50 branch offices staffed by 900+ local consultants. BBSI serves over 8,100 PEO clients across all 50 U.S. states, with primary focus on small to midsize businesses and additional reach into large enterprises, franchises, and broker/CPA-referred accounts in industries such as construction, manufacturing, home healthcare, and hospitality.

The product architecture is built around the myBBSI cloud-based HRIS platform, which integrates payroll processing, HR administration, applicant tracking, learning management, timekeeping, electronic employee records, and a newly launched performance management module. BBSI bundles these capabilities into a Core Package — Payroll & HR, Risk & Safety, Business Strategy, and the myBBSI portal — with optional add-on services for health benefits, workers' compensation, 401(k) administration, and staffing/talent acquisition. Pricing is quote-based and tied to worksite employee count and payroll volume.

BBSI's revenue model combines subscription-style recurring PEO service fees with insurance premium and administrative fees (workers' compensation, benefits) and professional services fees (staffing, direct hire). FY2025 gross billings reached $9.0 billion (+8.6% year-over-year), with Q4 2025 gross billings of $2.4 billion (+6.4%), worksite employee count up 5.1%, and diluted EPS of $2.08 (+5%). The go-to-market is sales-led through local branches and a broker/CPA referral channel, with recent asset-light branch expansion into Chicago, Dallas, and Nashville.

Name

Barrett Business Services Inc.

Legal name

Barrett Business Services, Inc.

Website

https://bbsi.com

Company type

Public

Founded year

1951

Operating status

Operating

Headcount range

501–1,000 employees

Short description

Barrett Business Services Inc. (NASDAQ: BBSI) is a top-ten U.S. Professional Employer Organization founded in 1951, providing co-employment payroll, HR, benefits, workers' compensation, risk management, and staffing services to over 8,100 clients across all 50 states via 50+ branch offices.

Ownership category

akta.pro rank

Product category

Professional Employer Organization (PEO) / HR Outsourcing Services

NAICS

Professional Employer Organizations (56133), Payroll Services (541214)

SIC

Services-Employment Agencies (7361), Services-Management Consulting Services (8742)

akta.pro primary industry

Professional Employer Organization (PEO) / Co-Employment Services (BPACAHAB)

akta.pro secondary industries

Employer Payroll Processing (SMB & Enterprise) (FSAMAKAA), Association & PEO Group Health Plans (AHP/PEO-Sponsored) (FSAIAFAH)

Keywords

• Professional employer organization
• Payroll administration services
• Human resources outsourcing
• Workers compensation management
• Employee benefits administration

Headquarters

HQ city

Vancouver

HQ country

United States

HQ region

North America

Offices5 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

1. PEO Services (Professional Employer Organization): BBSI provides co-employment PEO services where they become the employer of record for worksite employees, handling payroll administration, HR compliance, benefits, and workers' compensation while clients maintain operational control. Revenue is generated through service fees based on worksite employee count and payroll volume. The company reported gross billings of $2.4 billion in Q4 2025 and $9 billion for full-year 2025.
2. Staffing & Talent Services: Temporary staffing, contract-to-hire, direct hire placement, and seasonal/project staffing services. BBSI charges for recruiting and placement services with flexible pricing structures based on placement type.
3. Workers' Compensation Administration: Pay-as-you-go workers' compensation coverage with claims management and safety consulting services. Revenue generated through insurance premiums and administrative fees.
4. Health Benefits Administration: Group health, dental, and vision insurance administration with dedicated benefits consultant support.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels6 records

Core offering

BBSI is a Professional Employer Organization (PEO) that delivers co-employment workforce management services — including payroll administration, HR consulting, workers' compensation, benefits administration, risk and safety programs, and staffing/talent solutions — supported by its proprietary myBBSI cloud-based HRIS platform. The company serves small-to-mid-size businesses, enterprises, and franchises across all 50 U.S. states through 50+ local branch offices staffed by 900+ consultants, combining local consultative relationships with national scale infrastructure.

Product overview

BBSI offers a platform-plus-modules architecture built around the myBBSI HRIS platform. The core offering is the Core Package, which bundles Payroll Administration, Human Resources Consulting, Risk & Safety, Business Strategy, and the myBBSI Payroll & HR Portal with four dedicated specialists. Additional value is delivered through optional add-on modules (Performance Management, Applicant Tracking System, Learning Management System, Timekeeping, Employee File Cabinet) that extend the myBBSI HRIS platform, and add-on services (Health Benefits, Staffing & Talent, Workers' Compensation, 401(k) Retirement Plans) that expand support as businesses grow. The company serves more than 8,100 PEO clients across all 50 U.S. states.

Differentiator

Problem solved

Functional benefit

Brands

• myBBSI HRIS Platform: Integrated cloud-based HRIS system that centralizes payroll processing, HR administration, document management, applicant tracking, and timekeeping.

Products and services

• Core Package Foundational PEO service bundle for businesses, combining payroll, HR consulting, risk & safety, business strategy consulting, and the myBBSI HRIS portal access with four dedicated specialists.
• Payroll Administration Full-service payroll processing including end-to-end processing, tax filing, W-2 and 1099 administration, deductions, calendars, workflows, approvals, and reporting, for businesses that outsource payroll operations.
• Human Resources Consulting HR consulting providing workplace policy development, labor compliance, employee relations, culture development, and organizational support through dedicated HR consultants, for businesses needing outsourced HR expertise.
• Risk & Safety Risk management and workplace safety services including on-site assessments, safety training, OSHA compliance, claims management, and loss control strategies, for businesses seeking to reduce workplace injuries and workers' comp costs.
• Business Strategy Strategic business consulting including operational planning, business blueprints, KPI definitions, financial planning, and leadership coaching through dedicated business partners, for business owners and operators.
• myBBSI HRIS Platform Unified cloud-based HRIS system that centralizes payroll processing, HR administration, employee document management, applicant tracking, performance management, timekeeping, and workforce operations with 100% uptime and 24/7 access from any device, for businesses needing integrated HR technology.
• Workers' Compensation Workers' compensation coverage with pay-as-you-go premiums, claims management, return-to-work programs, and safety consulting for workplace injury prevention, for businesses seeking outsourced workers' comp administration.
• Health Benefits Group health, dental, and vision insurance with nationwide coverage, enrollment support, benefits administration, and compliance documentation (ACA, ERISA, COBRA, HIPAA), for businesses wanting competitive benefits packages without in-house benefits administration.
• Staffing & Talent End-to-end recruiting support including temporary staffing, contract-to-hire, direct hire placement, candidate screening, onboarding, and workforce planning, for businesses needing to scale or fill positions.
• Retirement & 401(k) 401(k) retirement plan administration with plan selection, eligibility tracking, employee education, and compliance support for retirement benefits, for businesses wanting to offer retirement plans without managing administration internally.

Quantifiable outcome

• 98% customer satisfaction rate
• +3 more outcomes

Named customers4 records

Segments8 records

Ideal customer profiles5 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration4 records

Feature6 records

Partnerships

One partnership is on record.

• CorVel CorporationcoreTechnology or IntegrationCorVel provides the Medical Provider Network (MPN) lookup system for California, allowing BBSI clients to search for approved healthcare providers within the network for workers' compensation claims.

Scale indicators8 records

Recent moves8 records

Expansion highlights5 records

Broad incumbents

• Paylocity: Cloud-based payroll and HCM software provider serving SMB and mid-market. Competes with BBSI's HRIS platform but focuses on software-only delivery rather than PEO co-employment.

Direct peers

• Insperity: Publicly traded PEO offering co-employment, payroll, HR, benefits, and workers' comp to SMBs and mid-market. Closest direct comparable in scale and go-to-market model to BBSI, with similar branch-based service delivery.
• Paychex PEO (Paycor PEO Services): Paychex's PEO division provides co-employment, payroll, HR, and benefits administration for SMBs. Larger balance sheet and broader brand give it scale advantages, but core PEO offering is highly comparable to BBSI.
• TriNet: Publicly traded PEO serving small and mid-sized businesses with payroll, HR, benefits, and compliance. Comparable customer profile and co-employment model, with somewhat heavier tilt toward technology and professional services verticals.
• ADP TotalSource (now ADP Lyric): PEO division of ADP offering co-employment services across all 50 states. Largest PEO by worksite employees; broader product portfolio and technology resources make it the dominant incumbent benchmark for BBSI.
• CoAdvantage: Mid-market PEO providing co-employment, payroll, benefits, and HR outsourcing. Private competitor with overlapping customer segments and similar branch-driven service model.
• G&A Partners: PEO and HR outsourcing provider offering payroll, benefits, risk management, and recruiting to SMBs. Comparable mid-market positioning and service bundle structure to BBSI.

Emerging players

• WorkForce Software: Workforce management and time & attendance software vendor. Adjacent to BBSI's timekeeping and myBBSI HRIS capabilities; competes for HR technology budgets but does not offer co-employment.
• Asure Software: Provider of payroll, HR, and workforce management software targeting SMBs. Overlaps with BBSI's HRIS modules but lacks PEO co-employment services.
• Sequoia Consulting Group: PEO and HR outsourcing provider focused on mid-sized and growth-stage companies. Comparable service bundle with heavier weighting toward tech and professional services clients.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/BarrettBusinessServices
• LinkedInlinkedin.com/company/bbsi
• Instagraminstagram.com/bbsi_peo
• Xx.com/BBSI_PEO

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Barrett Business Services Inc.