TriNet Group (TNET)
Provides co-employment, payroll, benefits, and HR services to smaller US businesses.
$65.78
After hours−0.94 (−1.41%)
At close$66.72(+0.09%)
In millions of USD, except per-share figures
| In millions | Q3 FY23Sep 2023 | Q4 FY23Dec 2023 | Q1 FY24Mar 2024 | Q2 FY24Jun 2024 | Q3 FY24Sep 2024 | Q4 FY24Dec 2024 | Q1 FY25Mar 2025 | Q2 FY25Jun 2025 | Q3 FY25Sep 2025 | Q4 FY25Dec 2025 | Q1 FY26Mar 2026 | Q2 FY26Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 1,222 | 1,245 | 1,282 | 1,243 | 1,237 | 1,326 | 1,292 | 1,238 | 1,232 | 1,248 | 1,226 | 1,178 |
| Cost of revenue | 948 | 1,014 | 986 | 991 | 1,023 | 1,101 | 1,013 | 1,018 | 1,016 | 1,077 | 926 | 932 |
| Gross profit | 274 | 231 | 296 | 252 | 214 | 225 | 279 | 220 | 216 | 171 | 300 | 246 |
| 158 | 144 | 174 | 172 | 156 | 198 | 150 | 154 | 153 | 156 | 164 | 158 | |
| Research & development | 15 | 16 | 18 | 17 | 17 | 16 | 20 | 17 | 18 | 16 | 19 | 17 |
| 126 | 128 | 120 | 119 | 120 | 163 | 113 | 120 | 119 | 124 | 128 | 122 | |
| Selling & marketing | 75 | 71 | 72 | 72 | 74 | 71 | 67 | 68 | 68 | 66 | 69 | 66 |
| General & administrative | 51 | 57 | 48 | 47 | 46 | 92 | 46 | 52 | 51 | 58 | 59 | 56 |
| Other expenses | 17 | 0 | 36 | 36 | 19 | 19 | 17 | 17 | 16 | 16 | 17 | 19 |
| Operating income | 116 | 87 | 122 | 80 | 58 | 27 | 129 | 66 | 63 | 15 | 136 | 88 |
| 8 | −2 | 2 | 1 | 0 | −64 | −14 | −15 | −13 | −14 | −13 | −14 | |
| Interest income | 18 | 15 | 18 | 17 | 15 | −49 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest expense | 10 | 17 | 16 | 16 | 15 | 15 | 14 | 15 | 13 | 14 | 13 | 14 |
| Other non-operating income | −18 | −15 | −18 | −17 | −15 | 49 | 0 | 0 | 0 | 0 | 0 | 0 |
| Income before tax | 124 | 85 | 124 | 81 | 58 | −37 | 115 | 51 | 50 | 1 | 123 | 74 |
| Income tax expense | 30 | 18 | 33 | 21 | 13 | −14 | 30 | 14 | 16 | 2 | 34 | 21 |
| Net income from continuing operations | 94 | 67 | 91 | 60 | 45 | −23 | 85 | 37 | 34 | −1 | 89 | 53 |
| Net income | 94 | 67 | 91 | 60 | 45 | −23 | 85 | 37 | 34 | −1 | 89 | 53 |
| EPS, basic | $1.65 | $1.31 | $1.78 | $1.20 | $0.90 | −$0.46 | $1.73 | $0.77 | $0.71 | −$0.02 | $1.89 | $1.16 |
| EPS, diluted | $1.63 | $1.31 | $1.78 | $1.20 | $0.90 | −$0.46 | $1.71 | $0.76 | $0.71 | −$0.02 | $1.89 | $1.15 |
| Weighted average shares, basic | 57 | 51 | 51 | 50 | 50 | 50 | 49 | 48 | 48 | 48 | 47 | 46 |
| Weighted average shares, diluted | 58 | 51 | 51 | 51 | 50 | 50 | 49 | 49 | 48 | 48 | 47 | 47 |
| EBITDA | 165 | 134 | 160 | 117 | 93 | 4 | 148 | 83 | 82 | 33 | 155 | 109 |
| Depreciation & amortization | 31 | 32 | 20 | 20 | 20 | 26 | 19 | 17 | 19 | 18 | 19 | 21 |
| EBIT | 134 | 102 | 140 | 97 | 73 | −22 | 129 | 66 | 63 | 15 | 136 | 88 |
