---
schema_version: "secwatch.filing_event.v1"
accession: "0001000753-23-000037"
form_type: "8-K"
ticker: "NSP"
cik: "0001000753"
company_name: "INSPERITY, INC."
filed_at: "2023-08-01T23:59:59+00:00"
generated_at: "2026-06-12T16:24:23.309883+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Insperity Q2 net income plunges 62%, adjusted EPS $0.64 vs $1.16 prior year; healthcare costs spike

## Summary
- Q2 net income $12.9M ($0.33 EPS) down 62% YoY; adjusted EPS $0.64 down 45%.
- Revenue $1.6B (+11% YoY) on 7% increase in paid worksite employees to 311,304.
- Gross profit fell 6.3% to $224.6M on substantially higher-than-expected benefits costs; large claims drove 75% of increase.
- Adjusted EBITDA down 32% to $50.9M; YTD adjusted EBITDA up 5% to $203.3M.
- Board authorized additional 2M share repurchase; FY2023 guidance updated to reflect elevated healthcare costs.

## SEC filing metadata
- accession: 0001000753-23-000037
- form_type: 8-K
- ticker: NSP
- cik: 0001000753
- company_name: INSPERITY, INC.
- filed_at: 2023-08-01T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1000753/000100075323000037/0001000753-23-000037-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1000753/000100075323000037/nsp-20230801.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001000753-23-000037
- JSON: https://secwatch.observer/filing/0001000753-23-000037.json
- Plain text: https://secwatch.observer/filing/0001000753-23-000037.txt

## Key facts
- Earnings Releases
  INSPERITY, INC. reported the first six months of 2023 results: revenue $3.4 billion, net income $107.5 million, EPS $2.78.
  - Period: the first six months of 2023
  - Revenue: $3.4 billion
  - Net income: $107.5 million
  - EPS: $2.78
  - Result: reported results
  source text: 32.2% to $50.9 million. Year-to-Date Results The average number of WSEEs paid per month increased 8.6% over 2022 to 308,998 WSEEs. Revenues in 2023 increased by 11.5% to $3.4 billion on the 8.6% increase in paid WSEEs and a 2.6% increase in revenue per WSEE. Gross profit increased 5.9% on the increase in paid WSEEs and a decrease of 2.6% on a per WSEE per
  evidence_url: https://www.sec.gov/Archives/edgar/data/1000753/000100075323000037/0001000753-23-000037-index.htm
- Earnings Releases
  INSPERITY, INC. reported the second quarter ended June 30, 2023 results: revenue $1.6 billion, net income $12.9 million, EPS $0.33.
  - Period: the second quarter ended June 30, 2023
  - Revenue: $1.6 billion
  - Net income: $12.9 million
  - EPS: $0.33
  - Result: reported results
  source text: net hiring in our client base, although Q2 2023 came in slightly lower than forecast and at approximately 50% of Q2 2022 levels. Revenues in Q2 2023 increased 10.7% to $1.6 billion on the 7.2% increase in paid WSEEs and a 3.3% increase in revenue per WSEE. Gross profit decreased 6.3% over Q2 2022 to $224.6 million on substantially higher-than-expected
  evidence_url: https://www.sec.gov/Archives/edgar/data/1000753/000100075323000037/0001000753-23-000037-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.