What does payroll taxes — cost of goods sold mean?

This metric represents the direct costs associated with employer-paid payroll taxes incurred while providing professional employer organization services to clients. It captures the mandatory tax obligations related to the workforce managed under the company's payroll administration platform. Monitoring this expense is essential for assessing the direct cost burden of payroll processing and the efficiency of tax management services provided to client companies.

Barrett Business Services (BBSI) Payroll Taxes — Cost of Goods Sold

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Other product segments

Workers Compensation

$56.7M+18.2%

Benefit Costs

$28.92M—

Direct Payroll Costs

$10.63M-19.2%

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Other financials

Income statement

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Revenue$319.3M+3.8%

Gross profit$64.9M-11.5%

Operating income$15.4M-33.1%

Net income$12.9M-30.3%

EPS (diluted)$0.52-25.7%

Balance sheet

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Cash & equivalents$27.0M+2.6%

Total debt$24.5M-4.0%

Total equity$203.8M-9.8%

Total assets$711.3M-0.3%

Cash flow

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Operating cash flow-$55.9M-3.8%

CapEx$5.5M+24.7%

Free cash flow-$61.4M-5.4%

Valuation

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Market cap$804.12M-32.7%

Enterprise value$801.58M-32.9%

P/E22.9×+0.7×

P/S0.6×-0.4×

Profitability

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Gross margin20%-1.8pp

Operating margin4.1%-1.1pp

Net margin2.8%-1.7pp

FCF margin1.2%—

Returns & leverage

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Return on equity16.3%-9.0pp

Debt / equity0.1×0.0×

Current ratio1.1×-0.1×

Where this comes from

Reported directly by Barrett Business Services in its filing.

Tagged under the XBRL concept us-gaap:CostOfGoodsAndServicesSold.

The source filing: Barrett Business Services’s 10-Q, filed August 6, 2026.

Filed: Aug 5, 2026, 8:00 PM EDT
Fiscal quarter: Q2 FY2026
Calendar quarter: Q2 2026
Accession: 0001193125-26-335564

Line item	Three Months Ended / June 30, 2026	Three Months Ended / June 30, 2025	Six Months Ended / June 30, 2026	Six Months Ended / June 30, 2025
Total revenues	319,268	307,657	626,273	600,223
Cost of revenues:
Direct payroll costs	10,634	13,165	21,116	26,471
Payroll taxes	158,165	155,026	332,261	324,416
Benefit costs	28,918	18,251	56,366	35,867
Workers' compensation	56,697	47,956	108,491	97,586
Total cost of revenues	254,414	234,398	518,234	484,340
Gross margin	64,854	73,259	108,039	115,883

Item 1. Unaudited Interim Condensed Consolidated Financial Statements

FAQ

What is Barrett Business Services's payroll taxes — cost of goods sold?: Barrett Business Services (BBSI) reported payroll taxes — cost of goods sold of $158.17M in Q2 2026.
What does payroll taxes — cost of goods sold mean?: This metric represents the direct costs associated with employer-paid payroll taxes incurred while providing professional employer organization services to clients. It captures the mandatory tax obligations related to the workforce managed under the company's payroll administration platform. Monitoring this expense is essential for assessing the direct cost burden of payroll processing and the efficiency of tax management services provided to client companies.