What is TNET revenue?

TriNet Group Inc. (TNET) reported $4.83B of revenue for the twelve months ended Sep 30, 2026. That is down 4.2% from the year before. Revenue for fiscal 2025 was $5.01B.

Yes. TriNet Group Inc. earned $172.00M in net income for the twelve months ended Sep 30, 2026, a net margin of 3.6%.

How much cash and debt does TNET have?

TriNet Group Inc. reported $328.00M in cash and cash equivalents and $896.00M of debt on its most recent balance sheet in SEC filings.

How fast is TNET revenue growing?

TriNet Group Inc.'s revenue changed -0.9% in fiscal 2025, to $5.01B. Its compound annual growth rate was +4.4% over 5 years and +6.5% over 10 years.

What is TNET free cash flow?

TriNet Group Inc. generated $286.00M of free cash flow for the twelve months ended Sep 30, 2026, which is operating cash flow of $378.00M less capital expenditures.

What is TNET earnings per share?

Diluted earnings per share were $3.72 for the twelve months ended Sep 30, 2026, from SEC filings, restated for any stock split those filings show.

When did TNET last report financial results?

The latest statements here come from TriNet Group Inc.'s 10-Q filed on Oct 29, 2026, covering the period ended Sep 30, 2026.

Where does this TNET financial data come from?

Quantisnow builds these statements from the structured XBRL data TriNet Group Inc. files with the SEC. It is provided for information only and is not investment advice.

Financials · TNET

TriNet Group Inc. (TNET) financials

For the twelve months ended Sep 30, 2026, TriNet Group Inc. reported $4.83B of revenue and $172.00M of net income.

Revenue, TTM: $4.83B
Revenue growth, YoY: -4.2%
Net income, TTM: $172.00M
Net income growth, YoY: +29.3%
Net margin: 3.6%
Free cash flow, TTM: $286.00M
EPS, diluted, TTM: $3.72
Cash: $328.00M
Total debt: $896.00M
P/E: 17.21
P/S: 0.61
Market cap: $2.96B

Annual revenue$5.01B

FY2016FY2025

Annual net income$155.00M

FY2016FY2025

Annual free cash flow$234.00M

FY2016FY2025

TNET revenue and earnings growth

TNET revenueQ3 2026$1.18B

Quarter YoY: -4.6%
QoQ: -0.3%
FY YoY: -0.9%
5Y CAGR: +4.4%
10Y CAGR: +6.5%

TNET revenue was $1.18B in fiscal Q3 2026 (ended Sep 30, 2026), down 4.6% from a year earlier and down 0.3% from the prior quarter. For the full fiscal 2025 it was $5.01B, down 0.9% from fiscal 2024. Compound annual growth was +4.4% over 5 years and +6.5% over 10 years. It rose in 9 of the last 10 fiscal years.

TNET net incomeQ3 2026$31.00M

Quarter YoY: -8.8%
QoQ: -41.5%
FY YoY: -10.4%
5Y CAGR: -10.6%
10Y CAGR: +17.1%

TNET net income was $31.00M in fiscal Q3 2026 (ended Sep 30, 2026), down 8.8% from a year earlier and down 41.5% from the prior quarter. For the full fiscal 2025 it was $155.00M, down 10.4% from fiscal 2024. Compound annual growth was -10.6% over 5 years and +17.1% over 10 years. It rose in 8 of the last 10 fiscal years.

TNET EPSQ3 2026$0.65

Quarter YoY: -7.1%
QoQ: -43.5%
FY YoY: -6.7%
5Y CAGR: -4.3%
10Y CAGR: +21.9%

TNET diluted EPS was $0.65 in fiscal Q3 2026 (ended Sep 30, 2026), down 7.1% from a year earlier and down 43.5% from the prior quarter. For the full fiscal 2025 it was $3.20, down 6.7% from fiscal 2024. Compound annual growth was -4.3% over 5 years and +21.9% over 10 years.

TNET free cash flowQ3 2026$53.00M

Quarter YoY: -3.6%
QoQ: -20.9%
FY YoY: +16.4%
5Y CAGR: -14.4%
10Y CAGR: +5.9%

TNET free cash flow was $53.00M in fiscal Q3 2026 (ended Sep 30, 2026), down 3.6% from a year earlier and down 20.9% from the prior quarter. For the full fiscal 2025 it was $234.00M, up 16.4% from fiscal 2024. Compound annual growth was -14.4% over 5 years and +5.9% over 10 years. It rose in 4 of the last 6 fiscal years.

Export CSV

Income statement

Income statement
Line item	FY2025 Dec 31, 2025	FY2024 Dec 31, 2024	FY2023 Dec 31, 2023	FY2022 Dec 31, 2022	FY2021 Dec 31, 2021	FY2020 Dec 31, 2020	FY2019 Dec 31, 2019	FY2018 Dec 31, 2018	FY2017 Dec 31, 2017	FY2016 Dec 31, 2016
Revenue	$5.01B	$5.05B	$4.99B	$4.91B	$4.54B	$4.03B	$3.86B	$3.50B	$3.27B	$3.06B
Cost of revenue	-	-	-	-	-	-	-	-	$213.00M	$190.00M
Gross profit	-	-	-	-	-	-	-	-	$3.06B	$2.87B
Research and development	$71.00M	$68.00M	$65.00M	$73.00M	$50.00M	$40.00M	$43.00M	$49.00M	$45.00M	$31.00M
Selling, general and admin	$207.00M	$232.00M	$211.00M	$241.00M	$176.00M	$152.00M	$137.00M	$142.00M	$114.00M	$92.00M
Operating income	-	-	$469.00M	$499.00M	$455.00M	$368.00M	$268.00M	$251.00M	$217.00M	$124.00M
Pre-tax income	$217.00M	$226.00M	$501.00M	$482.00M	$441.00M	$357.00M	$270.00M	$241.00M	$200.00M	$104.00M
Income tax	$62.00M	$53.00M	$126.00M	$127.00M	$103.00M	$85.00M	$58.00M	$49.00M	$22.00M	$43.00M
Net income	$155.00M	$173.00M	$375.00M	$355.00M	$338.00M	$272.00M	$212.00M	$192.00M	$178.00M	$61.00M
EPS, basic	$3.20	$3.47	$6.61	$5.66	$5.13	$4.03	$3.04	$2.72	$2.57	$0.88
EPS, diluted	$3.20	$3.43	$6.56	$5.61	$5.07	$3.99	$2.99	$2.65	$2.49	$0.85
Diluted shares	49.0M	50.0M	57.0M	64.0M	67.0M	68.0M	71.0M	72.0M	71.0M	72.0M

Balance sheet

Balance sheet
Line item	FY2025 Dec 31, 2025	FY2024 Dec 31, 2024	FY2023 Dec 31, 2023	FY2022 Dec 31, 2022	FY2021 Dec 31, 2021	FY2020 Dec 31, 2020	FY2019 Dec 31, 2019	FY2018 Dec 31, 2018	FY2017 Dec 31, 2017	FY2016 Dec 31, 2016
Cash and equivalents	$287.00M	$1.69B	$1.47B	$1.54B	$1.74B	$1.64B	$1.46B	$1.35B	$1.74B	$1.23B
Short-term investments	$0	$0	$65.00M	$76.00M	$135.00M	$57.00M	$68.00M	$54.00M	$0	-
Receivables	$20.00M	$32.00M	$18.00M	$19.00M	$15.00M	$18.00M	$9.00M	$11.00M	$21.00M	$4.85M
Current assets	$2.87B	$3.18B	$2.58B	$2.33B	$2.44B	$2.16B	$1.87B	$1.65B	$1.99B	$1.53B
Goodwill	$461.00M	$461.00M	$462.00M	$462.00M	$294.00M	$294.00M	$289.00M	$289.00M	$289.00M	$289.00M
Total assets	$3.80B	$4.12B	$3.69B	$3.44B	$3.31B	$3.04B	$2.75B	$2.44B	$2.59B	$2.10B
Current liabilities	$2.64B	$2.98B	$2.46B	$1.99B	$1.74B	$1.87B	$1.64B	$1.43B	$1.76B	$1.38B
Short-term debt	-	-	-	-	$0	$22.00M	$22.00M	$22.00M	$40.00M	-
Long-term debt	$895.00M	$908.00M	$984.00M	$496.00M	$495.00M	$348.00M	$369.00M	$391.00M	-	$422.50M
Total debt	$895.00M	$908.00M	$984.00M	$496.00M	$495.00M	$370.00M	$391.00M	$413.00M	$425.00M	$422.50M
Total liabilities	$3.74B	$4.05B	$3.62B	$2.67B	$2.43B	$2.44B	$2.27B	$2.06B	$2.39B	$2.06B
Shareholders' equity	$54.00M	$69.00M	$78.00M	$775.00M	$881.00M	$607.00M	$475.00M	$375.00M	$206.00M	$35.00M

Cash flow

Cash flow
Line item	FY2025 Dec 31, 2025	FY2024 Dec 31, 2024	FY2023 Dec 31, 2023	FY2022 Dec 31, 2022	FY2021 Dec 31, 2021	FY2020 Dec 31, 2020	FY2019 Dec 31, 2019	FY2018 Dec 31, 2018	FY2017 Dec 31, 2017	FY2016 Dec 31, 2016
Operating cash flow	$303.00M	$279.00M	$539.00M	$497.00M	$218.00M	$546.00M	$471.00M	-$104.00M	$606.00M	$192.00M
Capital expenditures	$69.00M	$78.00M	$75.00M	$56.00M	$40.00M	$36.00M	$45.00M	$43.00M	$38.00M	$40.00M
Free cash flow	$234.00M	$201.00M	$464.00M	$441.00M	$178.00M	$510.00M	$426.00M	-$147.00M	$568.00M	$152.00M
Investing cash flow	-$43.00M	$153.00M	-$70.00M	-$226.00M	-$135.00M	-$151.00M	-$188.00M	-$200.00M	-$24.00M	-$27.00M
Financing cash flow	-$49.00M	-$207.00M	-$540.00M	-$471.00M	$12.00M	-$208.00M	-$176.00M	-$85.00M	-$77.00M	-$104.00M
Dividends paid	$52.00M	$37.00M	$0	$0	-	-	-	-	-	-
Share repurchases	$183.00M	$183.00M	$1.12B	$523.00M	$94.00M	$178.00M	$140.00M	$61.00M	$44.00M	$72.00M
Stock-based compensation	$65.00M	$65.00M	$59.00M	$62.00M	$50.00M	$43.00M	$41.00M	$44.00M	$32.00M	$26.00M
Depreciation and amortization	-	-	-	-	-	-	-	$46.00M	$35.00M	$39.00M

Key ratios

Key ratios
Line item	FY2025 Dec 31, 2025	FY2024 Dec 31, 2024	FY2023 Dec 31, 2023	FY2022 Dec 31, 2022	FY2021 Dec 31, 2021	FY2020 Dec 31, 2020	FY2019 Dec 31, 2019	FY2018 Dec 31, 2018	FY2017 Dec 31, 2017	FY2016 Dec 31, 2016
Revenue growth, YoY	-0.9%	1.2%	1.8%	8.1%	12.5%	4.6%	10.1%	7.0%	7.0%	15.1%
Net income growth, YoY	-10.4%	-53.9%	5.6%	5.0%	24.3%	28.3%	10.4%	7.9%	191.8%	90.6%
EPS growth, YoY	-6.7%	-47.7%	16.9%	10.7%	27.1%	33.4%	12.8%	6.4%	192.9%	93.2%
Gross margin	-	-	-	-	-	-	-	-	93.5%	93.8%
Operating margin	-	-	9.4%	10.2%	10.0%	9.1%	7.0%	7.2%	6.6%	4.1%
Net margin	3.1%	3.4%	7.5%	7.2%	7.4%	6.7%	5.5%	5.5%	5.4%	2.0%
Free cash flow margin	4.7%	4.0%	9.3%	9.0%	3.9%	12.6%	11.0%	-4.2%	17.3%	5.0%
Return on equity	287.0%	250.7%	480.8%	45.8%	38.4%	44.8%	44.6%	51.2%	86.4%	174.3%
Return on assets	4.1%	4.2%	10.2%	10.3%	10.2%	8.9%	7.7%	7.9%	6.9%	2.9%
Current ratio	1.09	1.07	1.05	1.17	1.40	1.16	1.14	1.16	1.13	1.11
Debt to equity	16.57	13.16	12.62	0.64	0.56	0.61	0.82	1.10	2.06	12.07

Income statement

Income statement
Line item	Q3 2026 Sep 30, 2026	Q2 2026 Jun 30, 2026	Q1 2026 Mar 31, 2026	Q4 2025* Dec 31, 2025	Q3 2025 Sep 30, 2025	Q2 2025 Jun 30, 2025	Q1 2025 Mar 31, 2025	Q4 2024* Dec 31, 2024	Q3 2024 Sep 30, 2024	Q2 2024 Jun 30, 2024	Q1 2024 Mar 31, 2024	Q4 2023* Dec 31, 2023
Revenue	$1.18B	$1.18B	$1.23B	$1.25B	$1.23B	$1.24B	$1.29B	$1.28B	$1.25B	$1.24B	$1.28B	$1.32B
Research and development	$20.00M	$17.00M	$19.00M	$16.00M	$18.00M	$17.00M	$20.00M	$16.00M	$17.00M	$17.00M	$18.00M	$16.00M
Selling, general and admin	$53.00M	$56.00M	$59.00M	$58.00M	$51.00M	$52.00M	$46.00M	$92.00M	$46.00M	$47.00M	$48.00M	$57.00M
Operating income	-	-	-	-	-	-	-	-	$58.00M	$80.00M	$122.00M	$87.00M
Pre-tax income	$39.00M	$74.00M	$123.00M	$1.00M	$50.00M	$51.00M	$115.00M	-$37.00M	$58.00M	$81.00M	$124.00M	$85.00M
Income tax	$8.00M	$21.00M	$34.00M	$2.00M	$16.00M	$14.00M	$30.00M	-$14.00M	$13.00M	$21.00M	$33.00M	$18.00M
Net income	$31.00M	$53.00M	$89.00M	-$1.00M	$34.00M	$37.00M	$85.00M	-$23.00M	$45.00M	$60.00M	$91.00M	$67.00M
EPS, basic	$0.66	$1.16	$1.90	$0.01	$0.70	$0.77	$1.72	-$0.44	$0.90	$1.21	$1.80	$1.38
EPS, diluted	$0.65	$1.15	$1.90	$0.02	$0.70	$0.77	$1.71	-$0.44	$0.89	$1.20	$1.78	$1.38
Diluted shares	47.0M	46.0M	47.0M	-	48.0M	49.0M	49.0M	-	50.0M	51.0M	51.0M	-

Balance sheet

Balance sheet
Line item	Q3 2026 Sep 30, 2026	Q2 2026 Jun 30, 2026	Q1 2026 Mar 31, 2026	Q4 2025* Dec 31, 2025	Q3 2025 Sep 30, 2025	Q2 2025 Jun 30, 2025	Q1 2025 Mar 31, 2025	Q4 2024* Dec 31, 2024	Q3 2024 Sep 30, 2024	Q2 2024 Jun 30, 2024	Q1 2024 Mar 31, 2024	Q4 2023* Dec 31, 2023
Cash and equivalents	$328.00M	$358.00M	$340.00M	$287.00M	$1.35B	$1.43B	$1.28B	$1.69B	$948.00M	$994.00M	$1.27B	$1.47B
Short-term investments	$50.00M	-	-	$0	-	-	-	$0	$50.00M	$72.00M	$85.00M	$65.00M
Receivables	$7.00M	$3.00M	$7.00M	$20.00M	$10.00M	$12.00M	$21.00M	$32.00M	$15.00M	$15.00M	$11.00M	$18.00M
Current assets	$2.43B	$2.38B	$2.48B	$2.87B	$2.50B	$2.76B	$2.86B	$3.18B	$2.60B	$2.57B	$2.84B	$2.58B
Goodwill	$465.00M	$465.00M	$461.00M	$461.00M	$461.00M	$461.00M	$461.00M	$461.00M	$462.00M	$462.00M	$462.00M	$462.00M
Total assets	$3.39B	$3.35B	$3.42B	$3.80B	$3.42B	$3.69B	$3.77B	$4.12B	$3.73B	$3.70B	$3.97B	$3.69B
Current liabilities	$2.14B	$2.11B	$2.23B	$2.64B	$2.25B	$2.51B	$2.65B	$2.98B	$2.44B	$2.46B	$2.67B	$2.46B
Long-term debt	$896.00M	$896.00M	$896.00M	$895.00M	$895.00M	$894.00M	$909.00M	$908.00M	$993.00M	$984.00M	$984.00M	$984.00M
Total debt	$896.00M	$896.00M	$896.00M	$895.00M	$895.00M	$894.00M	$909.00M	$908.00M	$993.00M	$984.00M	$984.00M	$984.00M
Total liabilities	$3.26B	$3.22B	$3.34B	$3.74B	$3.31B	$3.58B	$3.71B	$4.05B	$3.60B	$3.60B	$3.83B	$3.62B
Shareholders' equity	$133.00M	$125.00M	$83.00M	$54.00M	$110.00M	$107.00M	$63.00M	$69.00M	$129.00M	$100.00M	$143.00M	$78.00M

Cash flow

Cash flow
Line item	Q3 2026 Sep 30, 2026	Q2 2026 Jun 30, 2026	Q1 2026 Mar 31, 2026	Q4 2025* Dec 31, 2025	Q3 2025 Sep 30, 2025	Q2 2025 Jun 30, 2025	Q1 2025 Mar 31, 2025	Q4 2024* Dec 31, 2024	Q3 2024 Sep 30, 2024	Q2 2024 Jun 30, 2024	Q1 2024 Mar 31, 2024	Q4 2023* Dec 31, 2023
Operating cash flow	$80.00M	$88.00M	$149.00M	$61.00M	$72.00M	$75.00M	$95.00M	$65.00M	$84.00M	$39.00M	$91.00M	$582.00M
Capital expenditures	$27.00M	$21.00M	$26.00M	$18.00M	$17.00M	$18.00M	$16.00M	$18.00M	$25.00M	$17.00M	$18.00M	$21.00M
Free cash flow	$53.00M	$67.00M	$123.00M	$43.00M	$55.00M	$57.00M	$79.00M	$47.00M	$59.00M	$22.00M	$73.00M	$561.00M
Investing cash flow	-$85.00M	-$71.00M	-$13.00M	-$16.00M	-$20.00M	$1.00M	-$8.00M	$178.00M	$22.00M	$0	-$47.00M	-$13.00M
Financing cash flow	$89.00M	-$112.00M	-$645.00M	$511.00M	-$132.00M	$66.00M	-$494.00M	$500.00M	-$152.00M	-$312.00M	-$243.00M	-$17.00M
Dividends paid	$14.00M	$13.00M	$13.00M	$13.00M	$13.00M	$13.00M	$12.00M	$12.00M	$12.00M	$13.00M	$0	$0
Share repurchases	$18.00M	$18.00M	$58.00M	$61.00M	$31.00M	$1.00M	$90.00M	$28.00M	$20.00M	$112.00M	$23.00M	$13.00M
Stock-based compensation	$17.00M	$17.00M	$16.00M	$17.00M	$17.00M	$18.00M	$13.00M	$12.00M	$15.00M	$18.00M	$20.00M	$16.00M

Key ratios

Key ratios
Line item	Q3 2026 Sep 30, 2026	Q2 2026 Jun 30, 2026	Q1 2026 Mar 31, 2026	Q4 2025* Dec 31, 2025	Q3 2025 Sep 30, 2025	Q2 2025 Jun 30, 2025	Q1 2025 Mar 31, 2025	Q4 2024* Dec 31, 2024	Q3 2024 Sep 30, 2024	Q2 2024 Jun 30, 2024	Q1 2024 Mar 31, 2024	Q4 2023* Dec 31, 2023
Revenue growth, YoY	-4.6%	-4.8%	-5.1%	-2.3%	-1.6%	-0.4%	0.8%	-3.0%	2.5%	2.8%	2.9%	5.5%
Net income growth, YoY	-8.8%	43.2%	4.7%	-	-24.4%	-38.3%	-6.6%	-	-52.1%	-27.7%	-30.5%	39.6%
EPS growth, YoY	-7.1%	49.4%	11.1%	-	-21.3%	-35.8%	-3.9%	-	-45.4%	-13.0%	-18.0%	66.3%
Operating margin	-	-	-	-	-	-	-	-	4.6%	6.4%	9.5%	6.6%
Net margin	2.6%	4.5%	7.3%	-0.1%	2.8%	3.0%	6.6%	-1.8%	3.6%	4.8%	7.1%	5.1%
Free cash flow margin	4.5%	5.7%	10.0%	3.4%	4.5%	4.6%	6.1%	3.7%	4.7%	1.8%	5.7%	42.6%
Current ratio	1.14	1.13	1.12	1.09	1.11	1.10	1.08	1.07	1.07	1.04	1.06	1.05
Debt to equity	6.74	7.17	10.80	16.57	8.14	8.36	14.43	13.16	7.70	9.84	6.88	12.62

Source: XBRL data TriNet Group Inc. files with the SEC, latest filing dated Oct 29, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.

* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.

Per-share figures are as filed. The filings show no stock split in these periods.

EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.

TNET peers

Company	Revenue	Growth	Net income	Net margin	Market cap
TNET	$4.83B	-4.2%	$172.00M	3.6%	$2.96B
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MAMastercard Incorporated	$36.29B	+15.3%	$16.96B	46.7%	$571.32B
BABAAlibaba Group Holding Limited	CN¥1.02T	+2.7%	CN¥103.59B	10.1%	$255.28B
ACNAccenture plc	$74.18B	+6.5%	$8.37B	11.3%	$170.10B
UBERUber Technologies Inc.	$56.53B	+13.9%	$3.46B	6.1%	$145.32B
PDDPDD Holdings Inc.	CN¥431.85B	+9.7%	CN¥97.84B	22.7%	$114.58B
DASHDoorDash Inc.	$17.06B	+35.0%	$1.06B	6.2%	$78.89B
MELIMercadoLibre Inc.	$38.52B	+47.1%	$1.89B	4.9%	$77.70B

TNET FAQ

8 questions

What is TNET revenue?
TriNet Group Inc. (TNET) reported $4.83B of revenue for the twelve months ended Sep 30, 2026. That is down 4.2% from the year before. Revenue for fiscal 2025 was $5.01B.
Is TNET profitable?
Yes. TriNet Group Inc. earned $172.00M in net income for the twelve months ended Sep 30, 2026, a net margin of 3.6%.
How much cash and debt does TNET have?
TriNet Group Inc. reported $328.00M in cash and cash equivalents and $896.00M of debt on its most recent balance sheet in SEC filings.
How fast is TNET revenue growing?
TriNet Group Inc.'s revenue changed -0.9% in fiscal 2025, to $5.01B. Its compound annual growth rate was +4.4% over 5 years and +6.5% over 10 years.
What is TNET free cash flow?
TriNet Group Inc. generated $286.00M of free cash flow for the twelve months ended Sep 30, 2026, which is operating cash flow of $378.00M less capital expenditures.
What is TNET earnings per share?
Diluted earnings per share were $3.72 for the twelve months ended Sep 30, 2026, from SEC filings, restated for any stock split those filings show.
When did TNET last report financial results?
The latest statements here come from TriNet Group Inc.'s 10-Q filed on Oct 29, 2026, covering the period ended Sep 30, 2026.
Where does this TNET financial data come from?
Quantisnow builds these statements from the structured XBRL data TriNet Group Inc. files with the SEC. It is provided for information only and is not investment advice.