TriNet Group, Inc. (TNET) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Sales/Revenue | 1.23B | 1.25B | 1.23B | 1.24B | 1.29B | 1.33B | 1.24B | 1.24B | 1.28B | 1.25B | 1.22B | 1.21B | 1.25B | 1.23B | 1.24B | 1.2B | 1.22B | 1.23B | 1.15B | 1.1B |
| Revenue Growth % | -5.11% | -5.88% | -0.4% | -0.4% | 0.78% | 6.51% | 1.23% | 2.81% | 2.89% | 1.55% | -1.53% | 0.75% | 2.3% | -0.49% | 8.1% | 9.09% | 14.91% | 15.9% | 17.74% | 16.03% |
| Cost of Goods Sold | 943M | 1.09B | 1.02B | 1.02B | 1.01B | 1.1B | 1.02B | 991M | 986M | 1.01B | 948M | 947M | 930M | 994M | 951M | 928M | 893M | 1.01B | 912M | 864M |
| COGS % of Revenue | 76.92% | 87.58% | 82.47% | 82.23% | 78.41% | 83.03% | 82.7% | 79.73% | 76.91% | 81.45% | 77.58% | 78.33% | 74.64% | 81.08% | 76.63% | 77.33% | 73.32% | 82.14% | 79.44% | 78.55% |
| Gross Profit | 283M | 155M | 216M | 220M | 279M | 225M | 214M | 252M | 296M | 231M | 274M | 262M | 316M | 232M | 290M | 272M | 325M | 220M | 236M | 236M |
| Gross Margin % | 23.08% | 12.42% | 17.53% | 17.77% | 21.59% | 16.97% | 17.3% | 20.27% | 23.09% | 18.55% | 22.42% | 21.67% | 25.36% | 18.92% | 23.37% | 22.67% | 26.68% | 17.86% | 20.56% | 21.45% |
| Gross Profit Growth % | 1.43% | -31.11% | 0.93% | -12.7% | -5.74% | -2.6% | -21.9% | -3.82% | -6.33% | -0.43% | -5.52% | -3.68% | -2.77% | 5.45% | 22.88% | 15.25% | 32.65% | 45.7% | 59.46% | -14.18% |
| Operating Expenses | 147M | 134M | 166M | 154M | 150M | 198M | 156M | 172M | 174M | 144M | 158M | 165M | 147M | 176M | 170M | 153M | 121M | 129M | 131M | 115M |
| OpEx % of Revenue | 11.99% | 10.74% | 13.47% | 12.44% | 11.61% | 14.93% | 12.61% | 13.84% | 13.57% | 11.57% | 12.93% | 13.65% | 11.8% | 14.36% | 13.7% | 12.75% | 9.93% | 10.47% | 11.41% | 10.45% |
| Selling, General & Admin | 128M | 118M | 119M | 120M | 113M | 163M | 120M | 119M | 120M | 128M | 126M | 130M | 112M | 139M | 135M | 110M | 92M | 103M | 108M | 85M |
| SG&A % of Revenue | 10.44% | 9.46% | 9.66% | 9.69% | 8.75% | 12.29% | 9.7% | 9.57% | 9.36% | 10.28% | 10.31% | 10.75% | 8.99% | 11.34% | 10.88% | 9.17% | 7.55% | 8.36% | 9.41% | 7.73% |
| Research & Development | 19M | 16M | 18M | 17M | 20M | 16M | 17M | 17M | 18M | 16M | 15M | 17M | 17M | 19M | 18M | 20M | 16M | 14M | 12M | 11M |
| R&D % of Revenue | 1.55% | 1.28% | 1.46% | 1.37% | 1.55% | 1.21% | 1.37% | 1.37% | 1.4% | 1.29% | 1.23% | 1.41% | 1.36% | 1.55% | 1.45% | 1.67% | 1.31% | 1.14% | 1.05% | 1% |
| Other Operating Expenses | 0 | 0 | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 0 | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
| Operating Income | 136M | 21M | 50M | 66M | 129M | 27M | 58M | 80M | 122M | 87M | 116M | 97M | 169M | 56M | 120M | 119M | 204M | 91M | 105M | 121M |
| Operating Margin % | 11.09% | 1.68% | 4.06% | 5.33% | 9.98% | 2.04% | 4.69% | 6.44% | 9.52% | 6.99% | 9.49% | 8.02% | 13.56% | 4.57% | 9.67% | 9.92% | 16.75% | 7.39% | 9.15% | 11% |
| Operating Income Growth % | 5.43% | -22.22% | -13.79% | -17.5% | 5.74% | -68.97% | -50% | -17.53% | -27.81% | 55.36% | -3.33% | -18.49% | -17.16% | -38.46% | 14.29% | -1.65% | 47.83% | 203.33% | 133.33% | -30.06% |
| EBITDA | 168M | 52M | 69M | 83M | 148M | 53M | 78M | 100M | 142M | 119M | 147M | 115M | 189M | 95M | 146M | 127M | 228M | 114M | 127M | 150M |
| EBITDA Margin % | 13.7% | 4.17% | 5.6% | 6.7% | 11.46% | 4% | 6.31% | 8.05% | 11.08% | 9.56% | 12.03% | 9.51% | 15.17% | 7.75% | 11.76% | 10.58% | 18.72% | 9.25% | 11.06% | 13.64% |
| EBITDA Growth % | 13.51% | -1.89% | -11.54% | -17% | 4.23% | -55.46% | -46.94% | -13.04% | -24.87% | 25.26% | 0.68% | -9.45% | -17.11% | -16.67% | 14.96% | -15.33% | 42.5% | 128% | 92.42% | -22.68% |
| D&A (Non-Cash Add-back) | 32M | 31M | 19M | 17M | 19M | 26M | 20M | 20M | 20M | 32M | 31M | 18M | 20M | 39M | 26M | 8M | 24M | 23M | 22M | 29M |
| EBIT | 136M | 21M | 63M | 66M | 129M | -22M | 73M | 97M | 140M | 102M | 134M | 117M | 187M | 70M | 134M | 126M | 205M | 91M | 108M | 122M |
| Net Interest Income | -13M | -14M | 4M | -15M | 4M | -64M | 0 | 1M | 2M | -2M | 8M | 14M | 11M | 8M | -17M | -3M | -4M | -5M | -2M | -4M |
| Interest Income | 0 | 0 | 17M | 0 | 18M | -49M | 15M | 17M | 18M | 15M | 18M | 20M | 18M | 14M | 5M | 2M | 1M | 0 | 3M | 1M |
| Interest Expense | 13M | 14M | 13M | 15M | 14M | 15M | 15M | 16M | 16M | 17M | 10M | 6M | 7M | 6M | 22M | 5M | 5M | 5M | 5M | 5M |
| Other Income/Expense | -13M | -20M | 0 | -15M | -14M | -64M | 0 | 1M | 2M | -2M | 8M | 14M | 11M | 8M | -17M | -3M | -4M | -5M | -2M | -4M |
| Pretax Income | 123M | 1M | 50M | 51M | 115M | -37M | 58M | 81M | 124M | 85M | 124M | 111M | 180M | 64M | 103M | 116M | 200M | 86M | 103M | 117M |
| Pretax Margin % | 10.03% | 0.08% | 4.06% | 4.12% | 8.9% | -2.79% | 4.69% | 6.52% | 9.67% | 6.83% | 10.15% | 9.18% | 14.45% | 5.22% | 8.3% | 9.67% | 16.42% | 6.98% | 8.97% | 10.64% |
| Income Tax | 34M | 2M | 16M | 14M | 30M | -14M | 13M | 21M | 33M | 18M | 30M | 28M | 49M | 16M | 26M | 31M | 54M | 17M | 26M | 26M |
| Effective Tax Rate % | 27.64% | 200% | 32% | 27.45% | 26.09% | 37.84% | 22.41% | 25.93% | 26.61% | 21.18% | 24.19% | 25.23% | 27.22% | 25% | 25.24% | 26.72% | 27% | 19.77% | 25.24% | 22.22% |
| Net Income | 89M | -1M | 34M | 37M | 85M | -23M | 45M | 60M | 91M | 67M | 94M | 83M | 131M | 48M | 77M | 85M | 146M | 69M | 77M | 91M |
| Net Margin % | 7.26% | -0.08% | 2.76% | 2.99% | 6.58% | -1.73% | 3.64% | 4.83% | 7.1% | 5.38% | 7.69% | 6.87% | 10.51% | 3.92% | 6.2% | 7.08% | 11.99% | 5.6% | 6.71% | 8.27% |
| Net Income Growth % | 4.71% | 95.65% | -24.44% | -38.33% | -6.59% | -134.33% | -52.13% | -27.71% | -30.53% | 39.58% | 22.08% | -2.35% | -10.27% | -30.43% | 0% | -6.59% | 44.55% | 213.64% | 133.33% | -27.78% |
| Net Income (Continuing) | 89M | -1M | 34M | 37M | 85M | -23M | 45M | 60M | 91M | 67M | 94M | 83M | 131M | 48M | 77M | 85M | 146M | 69M | 77M | 91M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | 1.89 | -0.02 | 0.71 | 0.76 | 1.71 | -0.46 | 0.90 | 1.20 | 1.78 | 1.31 | 1.63 | 1.38 | 2.18 | 0.77 | 1.22 | 1.35 | 2.21 | 1.03 | 1.16 | 1.37 |
| EPS Growth % | 10.53% | 95.48% | -21.11% | -36.67% | -3.93% | -135.11% | -44.79% | -13.04% | -18.35% | 70.13% | 33.61% | 2.22% | -1.36% | -25.24% | 5.17% | -1.46% | 46.36% | 221.88% | 141.67% | -26.74% |
| EPS (Basic) | 1.89 | -0.02 | 0.71 | 0.77 | 1.73 | -0.46 | 0.90 | 1.20 | 1.78 | 1.31 | 1.65 | 1.38 | 2.18 | 0.77 | 1.24 | 1.36 | 2.25 | 1.05 | 1.17 | 1.38 |
| Diluted Shares Outstanding | 47M | 48M | 48M | 49M | 49M | 50M | 50M | 51M | 51M | 51M | 58M | 60M | 60M | 62M | 63M | 63M | 66M | 67M | 67M | 67M |
| Basic Shares Outstanding | 47M | 48M | 48M | 48M | 49M | 50M | 50M | 50M | 51M | 51M | 57M | 60M | 60M | 62M | 62M | 62M | 65M | 66M | 66M | 66M |
| Dividend Payout Ratio | - | - | 38.24% | 37.84% | 14.12% | - | 26.67% | 21.67% | - | - | - | - | - | - | - | - | - | - | - | - |