As the Q2 earnings season wraps, let’s dig into this quarter’s best and worst performers in the business process outsourcing & consulting industry, including FTI Consulting (NYSE: FCN) and its peers.

The sector stands to benefit from ongoing digital transformation, increasing corporate demand for cost efficiencies, and the growing complexity of regulatory and cybersecurity landscapes. For those that invest wisely, AI and automation capabilities could emerge as competitive advantages, enhancing process efficiencies for the companies themselves as well as their clients. On the flip side, AI could be a headwind as well as the technology could lower the barrier to entry in the space and give rise to more self-service solutions. Additional challenges in the years ahead could include wage inflation for highly skilled consultants and potential regulatory scrutiny on outsourcing practices—especially in industries like finance and healthcare where who has access to certain data matters greatly.

The 8 business process outsourcing & consulting stocks we track reported a satisfactory Q2. As a group, revenues beat analysts’ consensus estimates by 1.6% while next quarter’s revenue guidance was 1.5% below.

Thankfully, share prices of the companies have been resilient as they are up 7.8% on average since the latest earnings results.

FTI Consulting (NYSE: FCN)

With a team of experts deployed across 30+ countries to tackle complex business challenges, FTI Consulting (NYSE: FCN) is a global business advisory firm that helps organizations manage change, mitigate risk, and resolve disputes across financial, legal, operational, and regulatory matters.

FTI Consulting reported revenues of $993.5 million, up 5.3% year on year. This print was in line with analysts’ expectations, but overall, it was a slower quarter for the company with a significant miss of analysts’ EPS estimates and full-year revenue guidance meeting analysts’ expectations.

The market seems disappointed with the results as the stock is down 17.1% since reporting and currently trades at $141.22.

Read our full report on FTI Consulting here, it’s free.

Best Q2: Huron (NASDAQ: HURN)

Founded in 2002 during a time of significant regulatory change in corporate America, Huron Consulting Group (NASDAQ: HURN) is a professional services company that helps organizations develop growth strategies, optimize operations, and implement digital transformation solutions.

Huron reported revenues of $475 million, up 15.4% year on year, outperforming analysts’ expectations by 3.2%. The business had an exceptional quarter with a beat of analysts’ EPS estimates and a solid beat of analysts’ full-year EPS guidance estimates.

Huron pulled off the fastest revenue growth and highest full-year guidance raise in the group. The market seems happy with the results as the stock is up 30.1% since reporting. It currently trades at $157.88.

Is now the time to buy Huron? Access our full analysis of the earnings results here, it’s free.

Weakest Q2: Concentrix (NASDAQ: CNXC)

With a team of approximately 450,000 employees across 75 countries, Concentrix (NASDAQ: CNXC) designs and delivers customer experience solutions that help global brands manage their customer interactions across digital channels and contact centers.

Concentrix reported revenues of $2.46 billion, up 1.9% year on year, in line with analysts’ expectations. It was a softer quarter as it posted a significant miss of analysts’ EPS guidance for next quarter estimates and full-year revenue guidance slightly missing analysts’ expectations.

Concentrix delivered the weakest guidance update and weakest full-year guidance update of the whole group. Interestingly, the stock is up 10.5% since the results and currently trades at $27.89.

Read our full analysis of Concentrix’s results here.

CBIZ (NYSE: CBZ)

With over 120 offices across 33 states and a team of more than 6,700 professionals, CBIZ (NYSE: CBZ) provides accounting, tax, benefits, insurance brokerage, and advisory services to help small and mid-sized businesses manage their finances and operations.

CBIZ reported revenues of $682.2 million, flat year on year. This number missed analysts’ expectations by 2.3%. More broadly, it was actually a satisfactory quarter as it logged a beat of analysts’ EPS estimates.

CBIZ had the weakest performance against analyst estimates and slowest revenue growth in the group. The stock is up 17% since reporting and currently trades at $54.64.

Read our full, actionable report on CBIZ here, it’s free.

Aramark (NYSE: ARMK)

From serving hot dogs at major league stadiums to managing college dining halls that feed thousands daily, Aramark (NYSE: ARMK) provides food services and facilities management to schools, healthcare facilities, businesses, sports venues, and correctional institutions across 16 countries.

Aramark reported revenues of $5.06 billion, up 9.3% year on year. This print surpassed analysts’ expectations by 2.4%. Overall, it was a very strong quarter as it also put up a beat of analysts’ EPS estimates.

The stock is up 1.3% since reporting and currently trades at $56.45.

Read our full, actionable report on Aramark here, it’s free.

Market Update

Over the past year, investors have been forced to repeatedly answer the same question: what is the market’s biggest risk? The answer has changed several times, and each shift has reshaped market leadership.

Late in 2025 and early 2026, artificial intelligence became the market’s primary uncertainty. Investors questioned whether AI would erode software pricing power and weaken competitive moats as AI made it easier to replicate once-differentiated products.

By the spring, technology took a back seat to geopolitics. The U.S. conflict with Iran briefly became the market’s dominant narrative, raising concerns about oil prices, inflation, and global growth. But as energy markets remained orderly and fears of a prolonged supply disruption faded, investors quickly turned their focus back to fundamentals.

Want to invest in winners with rock-solid fundamentals? Check out our Top 5 Quality Compounder Stocks and add them to your watchlist. These companies are poised for growth regardless of the political or macroeconomic climate.