What is TRINET GROUP, INC.'s earnings per share (EPS)?

TRINET GROUP, INC. (TNET) reported diluted earnings per share of $3.20 for fiscal year 2025. This represents a -6.7% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

TRINET GROUP, INC. (TNET) Financials

TNET

Trailing 12 months to June 30, 2026

Revenue $4.9B -3.4% YoY

Net Income $175.0M +21.5% YoY

EPS (Diluted) $3.76 +28.3% YoY

Free Cash Flow $288.0M +19.0% YoY

Market Cap $3.1B as of Oct 15, 2026

Price / Sales 0.6x on $4.9B revenue, trailing 12 months to June 30, 2026

Price / Earnings 17.6x on $175.0M net income, trailing 12 months to June 30, 2026

Price / Book 24.6x on $125.0M equity, Q2 FY2026

A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 15, 2026; every other figure is from the SEC filings on this page. Not financial advice.

Source SEC Filings (10-K/10-Q) Latest period Q2 FY2026, ended Jun 30, 2026 Reported Jul 30, 2026 Currency USD FYE December

Newest figures come from the 10-Q for Q2 FY2026, filed Jul 30, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the TNET SEC filings page.

TRINET GROUP, INC. (TNET) reported $4.9B in revenue over the twelve months to Jun 30, 2026, down 3.4% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 14 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI TNET FY2025 2026-10-03

Revenue has stayed near $5.0B, but thinner profits and shrinking equity show a more liability-dependent business model.

Revenue stability has not translated into stable earnings: from FY2023 through FY2025, reported revenue stayed near $5.0B while net profit margin roughly halved, indicating weaker earnings output without a comparable change in scale. FY2025 free cash flow of $234M exceeded net income of $155M, showing cash conversion held up better than reported profitability.

With equity down to $54M in FY2025, debt-to-equity reached 16.6x; the ratio reflects a compressed equity base more than expanding long-term debt. A current ratio near 1.1x indicates only a modest short-term working-capital cushion.

Cash generation recovered without restoring profitability: free cash flow rose from $201M in FY2024 to $234M in FY2025, while net income continued falling. That makes cash flow the more resilient latest-year measure, rather than evidence of broader earnings improvement.

Financial Health Signals

Financial Health Score 46/100

Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →

Health score ≠ stock price. This rates the quality of TRINET GROUP, INC.'s business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Profitability

Growth

TRINET GROUP, INC.'s revenue declined 0.9% year-over-year, from $5.1B to $5.0B. This contraction results in a growth score of 31/100.

Leverage

TRINET GROUP, INC. has elevated debt relative to equity (D/E of 16.57), meaning the company relies heavily on borrowed funds. This high leverage results in a low score of 2/100, reflecting increased financial risk.

Liquidity

TRINET GROUP, INC.'s current ratio of 1.09 is below the typical benchmark, resulting in a score of 23/100. This tight liquidity could limit financial flexibility if cash inflows slow.

Cash Flow

TRINET GROUP, INC. has a free cash flow margin of 4.7%, earning a moderate score of 47/100. The company generates positive cash flow after capital investments, but with room for improvement.

Returns

TRINET GROUP, INC. earns a strong 287.0% return on equity (ROE), meaning it generates $287 of profit for every $100 of shareholders' equity. This efficient capital use earns a returns score of 97/100. This is up from 250.7% the prior year.

Piotroski F-Score Partial

6/8

TRINET GROUP, INC. passes 6 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 3 of 4 profitability signals pass, 2 of 3 leverage/liquidity signals pass, both operating efficiency signals pass.

Earnings Quality Cash-Backed

1.95x

For every $1 of reported earnings, TRINET GROUP, INC. generates $1.95 in operating cash flow ($303.0M OCF vs $155.0M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Key Financial Metrics

Export CSV

Earnings & Revenue

Revenue

$1.2B

YoY-4.8%

QoQ-3.9%

5Y CAGR+1.4%

10Y CAGR+4.7%

TRINET GROUP, INC. generated $1.2B in revenue in Q2 2026. This represents a decrease of 4.8% from the same quarter a year earlier. Against the prior quarter it is down 3.9%.

Net Income

$53.0M

YoY+43.2%

QoQ-40.4%

5Y CAGR-10.2%

10Y CAGR+16.0%

TRINET GROUP, INC. reported $53.0M in net income in Q2 2026. This represents an increase of 43.2% from the same quarter a year earlier. Against the prior quarter it is down 40.4%.

EPS (Diluted)

$1.15

YoY+49.4%

QoQ-39.5%

5Y CAGR-3.4%

10Y CAGR+21.1%

TRINET GROUP, INC. earned $1.15 per diluted share (EPS) in Q2 2026. This represents an increase of 49.4% from the same quarter a year earlier. Against the prior quarter it is down 39.5%.

EBITDA

Not reported for Q2 2026.

Cash & Balance Sheet

Free Cash Flow

$67.0M

YoY+17.5%

QoQ-45.5%

TRINET GROUP, INC. generated $67.0M in free cash flow in Q2 2026, representing cash available after capex. This represents an increase of 17.5% from the same quarter a year earlier. Against the prior quarter it is down 45.5%.

Cash & Debt

$358.0M

YoY-12.0%

QoQ+5.3%

5Y CAGR-5.1%

10Y CAGR+7.9%

TRINET GROUP, INC. held $358.0M in cash against $896.0M in long-term debt as of Q2 2026.

Dividends Per Share

$0.29

YoY+5.5%

QoQ0.0%

TRINET GROUP, INC. paid $0.29 per share in dividends in Q2 2026. This represents an increase of 5.5% from the same quarter a year earlier. It is unchanged from the prior quarter.

Shares Outstanding

46M

YoY-5.5%

QoQ-0.1%

5Y CAGR-7.0%

10Y CAGR-4.2%

TRINET GROUP, INC. had 46M shares outstanding in Q2 2026. This represents a decrease of 5.5% from the same quarter a year earlier. Against the prior quarter it is down 0.1%.

Margins & Returns

Net Margin

4.5%

YoY+1.5pp

QoQ-2.8pp

5Y change-3.8pp

10Y change+2.9pp

TRINET GROUP, INC.'s net profit margin was 4.5% in Q2 2026, showing the share of revenue converted to profit. This is up 1.5 percentage points from the same quarter a year earlier. Against the prior quarter it is down 2.8 percentage points.

Return on Equity

42.4%

YoY+7.8pp

QoQ-64.8pp

5Y change+30.2pp

10Y change+6.5pp

TRINET GROUP, INC.'s ROE was 42.4% in Q2 2026, measuring profit generated per dollar of shareholder equity. This is up 7.8 percentage points from the same quarter a year earlier. Against the prior quarter it is down 64.8 percentage points.

Gross Margin

Not reported for Q2 2026.

Operating Margin

Not reported for Q2 2026.

Capital Allocation

R&D Spending

$17.0M

YoY0.0%

QoQ-10.5%

5Y CAGR+9.1%

TRINET GROUP, INC. invested $17.0M in research and development in Q2 2026. That is unchanged from the same quarter a year earlier. Against the prior quarter it is down 10.5%.

Share Buybacks

$18.0M

YoY+1700.0%

QoQ-69.0%

5Y CAGR+5.2%

10Y CAGR+0.9%

TRINET GROUP, INC. spent $18.0M on share buybacks in Q2 2026, returning capital to shareholders by reducing shares outstanding. This represents an increase of 1700.0% from the same quarter a year earlier. Against the prior quarter it is down 69.0%.

Capital Expenditures

$21.0M

YoY+16.7%

QoQ-19.2%

5Y CAGR+11.8%

10Y CAGR+7.8%

TRINET GROUP, INC. invested $21.0M in capex in Q2 2026, funding long-term assets and infrastructure. This represents an increase of 16.7% from the same quarter a year earlier. Against the prior quarter it is down 19.2%.

TNET Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

TNET quarterly income statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K
Revenue	$4.9B	$5.0B-0.9%	$5.1B+1.2%	$5.0B+1.8%	$4.9B+8.1%	$4.5B+12.5%	$4.0B+4.6%	$3.9B+10.1%	$3.5B+7.0%	$3.3B+7.0%	$3.1B+15.1%	$2.7B+21.2%	$2.2B+33.4%	$1.6B+61.4%	$1.0B
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$245.0M+7.0%	$229.0M+7.5%	$213.0M	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$3.6B+10.3%	$3.3B+6.9%	$3.1B	N/A	N/A	N/A	N/A	N/A
R&D Expenses	$70.0M	$71.0M+4.4%	$68.0M+4.6%	$65.0M-11.0%	$73.0M+46.0%	$50.0M+25.0%	$40.0M-7.0%	$43.0M-12.2%	$49.0M+8.9%	$45.0M+45.2%	$31.0M	N/A	N/A	N/A	N/A
SG&A Expenses	$224.0M	$207.0M-10.8%	$232.0M+10.0%	$211.0M-12.4%	$241.0M+36.9%	$176.0M+15.8%	$152.0M+10.9%	$137.0M-3.5%	$142.0M+24.6%	$114.0M+23.9%	$92.0M+33.3%	$69.0M+28.0%	$53.9M+2.8%	$52.5M+38.5%	$37.9M
Operating Income	N/A	N/A	N/A	$469.0M-6.0%	$499.0M+9.7%	$455.0M+23.6%	$368.0M+37.3%	$268.0M+6.8%	$251.0M+15.7%	$217.0M+75.0%	$124.0M+59.0%	$78.0M-10.1%	$86.8M+30.8%	$66.3M+7.3%	$61.8M
EBITDA	N/A	N/A	N/A	$541.0M-3.9%	$563.0M+9.5%	$514.0M+23.9%	$415.0M+32.2%	$314.0M+5.7%	$297.0M+17.9%	$252.0M+54.6%	$163.0M+24.4%	$131.0M-23.5%	$171.2M+22.1%	$140.2M+50.7%	$93.0M
Interest Expense	N/A	N/A	N/A	N/A	$39.0M+95.0%	$20.0M-4.8%	$21.0M0.0%	$21.0M-4.5%	$22.0M+10.0%	$20.0M0.0%	$20.0M+5.3%	$19.0M-64.9%	$54.2M+18.5%	$45.7M+370.9%	$9.7M
Income Tax	$73.0M	$62.0M+17.0%	$53.0M-57.9%	$126.0M-0.8%	$127.0M+23.3%	$103.0M+21.2%	$85.0M+46.6%	$58.0M+18.4%	$49.0M+122.7%	$22.0M-48.8%	$43.0M+53.6%	$28.0M+59.3%	$17.6M+121.5%	$7.9M-61.0%	$20.3M
Net Income	$175.0M	$155.0M-10.4%	$173.0M-53.9%	$375.0M+5.6%	$355.0M+5.0%	$338.0M+24.3%	$272.0M+28.3%	$212.0M+10.4%	$192.0M+7.9%	$178.0M+191.8%	$61.0M+90.6%	$32.0M+106.5%	$15.5M+17.9%	$13.1M-58.7%	$31.8M
EPS (Basic)	N/A	$3.20-7.8%	$3.47-47.5%	$6.61+16.8%	$5.66+10.3%	$5.13+27.3%	$4.03+32.6%	$3.04+11.8%	$2.72+5.8%	$2.57+192.0%	$0.88+95.6%	$0.45+87.5%	$0.24-7.7%	$0.26-60.6%	$0.66
EPS (Diluted)	$3.76	$3.20-6.7%	$3.43-47.7%	$6.56+16.9%	$5.61+10.7%	$5.07+27.1%	$3.99+33.4%	$2.99+12.8%	$2.65+6.4%	$2.49+192.9%	$0.85+93.2%	$0.44+100.0%	$0.22-8.3%	$0.24-61.9%	$0.63
Diluted Shares (Avg)	N/A	49M-2.0%	50M-12.3%	57M-10.9%	64M-4.5%	67M-1.5%	68M-4.2%	71M-1.4%	72M+1.4%	71M-1.4%	72M-0.9%	73M+21.9%	60M+278.6%	16M+26.1%	12M

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Revenue	$1.2B-4.8%	$1.2B-5.1%	$1.2B-2.2%	$1.2B-1.6%	$1.2B-0.4%	$1.3B+0.8%	$1.3B-3.1%	$1.3B+2.5%
R&D Expenses	$17.0M0.0%	$19.0M-5.0%	$16.0M0.0%	$18.0M+5.9%	$17.0M0.0%	$20.0M+11.1%	$16.0M0.0%	$17.0M+13.3%
SG&A Expenses	$56.0M+7.7%	$59.0M+28.3%	$58.0M-36.3%	$51.0M+10.9%	$52.0M+10.6%	$46.0M-4.2%	$91.0M+59.6%	$46.0M-9.8%
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$58.0M-50.0%
Income Tax	$21.0M+50.0%	$34.0M+13.3%	$2.0M+114.3%	$16.0M+23.1%	$14.0M-33.3%	$30.0M-9.1%	-$14.0M-173.7%	$13.0M-56.7%
Net Income	$53.0M+43.2%	$89.0M+4.7%	-$1.0M+95.7%	$34.0M-24.4%	$37.0M-38.3%	$85.0M-6.6%	-$23.0M-134.3%	$45.0M-52.1%
EPS (Basic)	$1.16+50.6%	$1.90+10.5%	$0.00+100.0%	$0.70-22.2%	$0.77-36.4%	$1.72-4.4%	-$0.44-131.9%	$0.90-45.5%
EPS (Diluted)	$1.15+49.4%	$1.90+11.1%	$0.01+102.3%	$0.70-21.3%	$0.77-35.8%	$1.71-3.9%	-$0.44-132.4%	$0.89-45.4%
Diluted Shares (Avg)	46M-6.1%	47M-4.1%	N/A	48M-4.0%	49M-3.9%	49M-3.9%	N/A	50M-13.8%

Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, EBITDA, Interest Expense.

TNET Balance Sheet

TNET quarterly balance sheet

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K
Total Assets	$3.8B-7.8%	$4.1B+11.5%	$3.7B+7.3%	$3.4B+4.0%	$3.3B+8.7%	$3.0B+10.7%	$2.7B+12.9%	$2.4B-6.1%	$2.6B+23.8%	$2.1B+0.1%	$2.1B-10.6%	$2.3B+63.1%	$1.4B	N/A
Current Assets	$2.9B-9.8%	$3.2B+23.4%	$2.6B+10.8%	$2.3B-4.6%	$2.4B+12.9%	$2.2B+15.4%	$1.9B+13.7%	$1.6B-17.3%	$2.0B+29.7%	$1.5B-2.1%	$1.6B-14.0%	$1.8B+103.0%	$898.5M	N/A
Cash & Equivalents	$287.0M-20.3%	$360.0M+25.4%	$287.0M-18.9%	$354.0M-42.2%	$612.0M+103.3%	$301.0M+41.3%	$213.0M-6.6%	$228.0M-32.1%	$336.0M+82.6%	$184.0M+10.8%	$166.0M+23.9%	$134.0M+42.0%	$94.4M+48.0%	$63.7M
Short-Term Investments	$0	$0-100.0%	$65.0M-14.5%	$76.0M-43.7%	$135.0M+136.8%	$57.0M-16.2%	$68.0M+25.9%	$54.0M	$0	$0	$0	$0	$0	$0
Accounts Receivable	$20.0M-37.5%	$32.0M+77.8%	$18.0M-5.3%	$19.0M+26.7%	$15.0M-16.7%	$18.0M+100.0%	$9.0M-18.2%	$11.0M-47.6%	$21.0M+332.6%	$4.9M	N/A	N/A	N/A	N/A
Long-Term Investments	$0	$0-100.0%	$143.0M-5.3%	$151.0M-10.1%	$168.0M+21.7%	$138.0M+10.4%	$125.0M-7.4%	$135.0M	$0	$0	$0	$0	$0	$0
Goodwill	$461.0M0.0%	$461.0M-0.2%	$462.0M0.0%	$462.0M+57.1%	$294.0M0.0%	$294.0M+1.7%	$289.0M0.0%	$289.0M0.0%	$289.0M0.0%	$289.0M-0.1%	$289.2M+0.1%	$288.9M0.0%	$288.9M	N/A
Total Liabilities	$3.7B-7.6%	$4.0B+12.0%	$3.6B+35.5%	$2.7B+9.9%	$2.4B-0.3%	$2.4B+7.2%	$2.3B+10.3%	$2.1B-13.7%	$2.4B+15.9%	$2.1B-1.2%	$2.1B-11.9%	$2.4B+38.8%	$1.7B	N/A
Current Liabilities	$2.6B-11.5%	$3.0B+21.0%	$2.5B+23.9%	$2.0B+14.3%	$1.7B-7.0%	$1.9B+13.8%	$1.6B+15.3%	$1.4B-18.9%	$1.8B+27.4%	$1.4B-5.3%	$1.5B-14.5%	$1.7B+104.3%	$833.5M	N/A
Non-Current Liabilities	$1.1B+3.5%	$1.1B-7.2%	$1.2B+69.4%	$680.0M-1.3%	$689.0M+21.7%	$566.0M-10.2%	$630.0M-0.8%	$635.0M+0.8%	$630.0M-7.5%	$681.0M+8.3%	$628.6M-5.2%	$663.3M-23.9%	$871.6M	N/A
Long-Term Debt	$895.0M-1.4%	$908.0M-7.7%	$984.0M+98.4%	$496.0M+0.2%	$495.0M+42.2%	$348.0M-5.7%	$369.0M-5.6%	$391.0M	N/A	$422.5M-8.3%	$461.0M-12.1%	$524.4M-35.4%	$812.2M	N/A
Total Equity	$54.0M-21.7%	$69.0M-11.5%	$78.0M-89.9%	$775.0M-12.0%	$881.0M+45.1%	$607.0M+27.8%	$475.0M+26.7%	$375.0M+82.0%	$206.0M+488.6%	$35.0M+337.5%	$8.0M+132.0%	-$25.0M+93.6%	-$393.2M-499.8%	-$65.6M
Retained Earnings	-$1.1B-9.9%	-$984.0M-9.8%	-$896.0M-652.9%	-$119.0M-260.8%	$74.0M+151.4%	-$144.0M+34.2%	-$219.0M+17.7%	-$266.0M+29.4%	-$377.0M+24.6%	-$500.0M-3.0%	-$485.6M-3.7%	-$468.1M-0.2%	-$467.2M	N/A

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Total Assets	$3.3B-9.3%	$3.4B-9.4%	$3.8B-7.8%	$3.4B-8.2%	$3.7B-0.4%	$3.8B-4.9%	$4.1B+11.5%	$3.7B+25.7%
Current Assets	$2.4B-13.7%	$2.5B-13.1%	$2.9B-9.8%	$2.5B-4.1%	$2.8B+7.6%	$2.9B+0.6%	$3.2B+23.4%	$2.6B+40.6%
Cash & Equivalents	$358.0M-12.0%	$340.0M-2.6%	$287.0M-20.3%	$321.0M+27.9%	$407.0M+129.9%	$349.0M+17.1%	$360.0M+25.4%	$251.0M+47.6%
Short-Term Investments	$0	$0	$0	$0-100.0%	$0-100.0%	$0-100.0%	$0-100.0%	$50.0M-33.3%
Accounts Receivable	$3.0M-75.0%	$7.0M-66.7%	$20.0M-37.5%	$10.0M-33.3%	$12.0M-20.0%	$21.0M+90.9%	$32.0M+77.8%	$15.0M-28.6%
Long-Term Investments	$0	$0	$0	$0-100.0%	$0-100.0%	$0-100.0%	$0-100.0%	$145.0M+1.4%
Goodwill	$465.0M+0.9%	$461.0M0.0%	$461.0M0.0%	$461.0M-0.2%	$461.0M-0.2%	$461.0M-0.2%	$461.0M-0.2%	$462.0M0.0%
Total Liabilities	$3.2B-10.1%	$3.3B-10.1%	$3.7B-7.6%	$3.3B-7.9%	$3.6B-0.6%	$3.7B-3.0%	$4.0B+12.0%	$3.6B+21.8%
Current Liabilities	$2.1B-15.9%	$2.2B-15.9%	$2.6B-11.5%	$2.2B-7.8%	$2.5B+1.8%	$2.6B-0.9%	$3.0B+21.0%	$2.4B+43.3%
Non-Current Liabilities	$1.1B+3.6%	$1.1B+4.2%	$1.1B+3.5%	$1.1B-8.1%	$1.1B-5.9%	$1.1B-7.8%	$1.1B-7.2%	$1.2B-7.4%
Long-Term Debt	$896.0M+0.2%	$896.0M-1.4%	$895.0M-1.4%	$895.0M-9.9%	$894.0M-9.1%	$909.0M-7.6%	$908.0M-7.7%	$993.0M-9.0%
Total Equity	$125.0M+16.8%	$83.0M+31.7%	$54.0M-21.7%	$110.0M-14.7%	$107.0M+7.0%	$63.0M-55.9%	$69.0M-11.5%	$129.0M+1190.0%
Retained Earnings	-$1.0B-5.9%	-$1.1B-6.0%	-$1.1B-9.9%	-$1.0B-10.1%	-$988.0M-7.9%	-$1.0B-18.6%	-$984.0M-9.8%	-$910.0M+2.7%

Not reported in any period shown, so not listed: Inventory.

TNET Cash Flow Statement

TNET quarterly cash flow statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K
Operating Cash Flow	$370.0M	$303.0M+8.6%	$279.0M-48.2%	$539.0M+8.5%	$497.0M+128.0%	$218.0M-60.1%	$546.0M+15.9%	$471.0M+552.9%	-$104.0M-117.2%	$606.0M+215.6%	$192.0M+27.2%	$151.0M-0.6%	$151.9M+50.8%	$100.7M+25.1%	$80.5M
Depreciation & Amortization	N/A	$66.0M-12.0%	$75.0M+4.2%	$72.0M+12.5%	$64.0M+8.5%	$59.0M+25.5%	$47.0M+2.2%	$46.0M0.0%	$46.0M+31.4%	$35.0M-10.3%	$39.0M-26.4%	$53.0M-37.2%	$84.4M+14.3%	$73.8M+136.7%	$31.2M
Stock-Based Compensation	N/A	$65.0M0.0%	$65.0M+10.2%	$59.0M-4.8%	$62.0M+24.0%	$50.0M+16.3%	$43.0M+4.9%	$41.0M-6.8%	$44.0M+37.5%	$32.0M+23.1%	$26.0M+44.4%	$18.0M+64.2%	$11.0M+79.3%	$6.1M+40.2%	$4.4M
Capital Expenditures	$82.0M	$69.0M-11.5%	$78.0M+4.0%	$75.0M+33.9%	$56.0M+40.0%	$40.0M+11.1%	$36.0M-20.0%	$45.0M+4.7%	$43.0M+13.2%	$38.0M-5.0%	$40.0M+110.5%	$19.0M-7.6%	$20.6M+92.3%	$10.7M+10.7%	$9.7M
Free Cash Flow	$288.0M	$234.0M+16.4%	$201.0M-56.7%	$464.0M+5.2%	$441.0M+147.8%	$178.0M-65.1%	$510.0M+19.7%	$426.0M+389.8%	-$147.0M-125.9%	$568.0M+273.7%	$152.0M+15.2%	$132.0M+0.5%	$131.3M+45.9%	$90.0M+27.0%	$70.9M
Investing Cash Flow	-$120.0M	-$43.0M-128.1%	$153.0M+318.6%	-$70.0M+69.0%	-$226.0M-67.4%	-$135.0M+10.6%	-$151.0M+19.7%	-$188.0M+6.0%	-$200.0M-733.3%	-$24.0M+11.1%	-$27.0M+28.9%	-$38.0M+16.3%	-$45.4M	N/A	N/A
Financing Cash Flow	-$378.0M	-$49.0M+76.3%	-$207.0M+61.7%	-$540.0M-14.6%	-$471.0M-4025.0%	$12.0M+105.8%	-$208.0M-18.2%	-$176.0M-107.1%	-$85.0M-10.4%	-$77.0M+26.0%	-$104.0M-28.4%	-$81.0M-22.0%	-$66.4M	N/A	N/A
Dividends Paid	$52.0M	$52.0M+40.5%	$37.0M	$0	$0	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$357.5M+373.9%	$75.5M
Share Buybacks	$168.0M	$183.0M0.0%	$183.0M-83.7%	$1.1B+114.5%	$523.0M+456.4%	$94.0M-47.2%	$178.0M+27.1%	$140.0M+129.5%	$61.0M+38.6%	$44.0M-38.9%	$72.0M+50.0%	$48.0M+219.8%	$15.0M+151.7%	$6.0M+834.6%	$638K

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Operating Cash Flow	$88.0M+17.3%	$149.0M+56.8%	$61.0M-6.2%	$72.0M-14.3%	$75.0M+92.3%	$95.0M+4.4%	$65.0M-88.8%	$84.0M+176.4%
Stock-Based Compensation	$17.0M-5.6%	$16.0M+23.1%	N/A	$17.0M+13.3%	$18.0M0.0%	$13.0M-35.0%	N/A	$15.0M0.0%
Capital Expenditures	$21.0M+16.7%	$26.0M+62.5%	$18.0M0.0%	$17.0M-32.0%	$18.0M+5.9%	$16.0M-11.1%	$18.0M-14.3%	$25.0M+25.0%
Free Cash Flow	$67.0M+17.5%	$123.0M+55.7%	$43.0M-8.5%	$55.0M-6.8%	$57.0M+159.1%	$79.0M+8.2%	$47.0M-91.6%	$59.0M+145.4%
Investing Cash Flow	-$71.0M-7200.0%	-$13.0M-62.5%	-$16.0M-109.0%	-$20.0M-190.9%	$1.0M	-$8.0M+83.0%	$178.0M+1469.2%	$22.0M+184.6%
Financing Cash Flow	-$112.0M-269.7%	-$645.0M-30.6%	$511.0M+2.2%	-$132.0M+13.2%	$66.0M+121.2%	-$494.0M-103.3%	$500.0M+3041.2%	-$152.0M+64.1%
Dividends Paid	$13.0M0.0%	$13.0M+8.3%	$13.0M+8.3%	$13.0M+8.3%	$13.0M0.0%	$12.0M	$12.0M	$12.0M
Share Buybacks	$18.0M+1700.0%	$58.0M-35.6%	$61.0M+117.9%	$31.0M+55.0%	$1.0M-99.1%	$90.0M+291.3%	$28.0M+115.4%	$20.0M-98.0%

Not reported in any period shown, so not listed: Depreciation & Amortization.

TNET Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

TNET quarterly financial ratios

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	93.7%+0.2pp	93.5%0.0pp	93.5%	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	9.4%-0.8pp	10.2%+0.2pp	10.0%+0.9pp	9.1%+2.2pp	7.0%-0.2pp	7.2%+0.5pp	6.6%+2.6pp	4.0%+1.1pp	2.9%-1.0pp	4.0%-0.1pp	4.0%-2.0pp	6.1%
Net Margin	3.1%-0.3pp	3.4%-4.1pp	7.5%+0.3pp	7.2%-0.2pp	7.4%+0.7pp	6.7%+1.2pp	5.5%0.0pp	5.5%0.0pp	5.4%+3.4pp	2.0%+0.8pp	1.2%+0.5pp	0.7%-0.1pp	0.8%-2.3pp	3.1%
Return on Equity	287.0%+36.3pp	250.7%-230.0pp	480.8%+435.0pp	45.8%+7.4pp	38.4%-6.4pp	44.8%+0.2pp	44.6%-6.6pp	51.2%-35.2pp	86.4%-87.9pp	174.3%-225.7pp	400.0%	N/A	N/A	N/A
Return on Assets	4.1%-0.1pp	4.2%-6.0pp	10.2%-0.2pp	10.3%+0.1pp	10.2%+1.3pp	8.9%+1.2pp	7.7%-0.2pp	7.9%+1.0pp	6.9%+3.9pp	2.9%+1.4pp	1.5%+0.9pp	0.7%-0.3pp	0.9%	N/A
Current Ratio	1.090.0x	1.070.0x	1.05-0.1x	1.17-0.2x	1.40+0.2x	1.160.0x	1.140.0x	1.160.0x	1.130.0x	1.110.0x	1.080.0x	1.070.0x	1.08	N/A
Debt-to-Equity	16.57+3.4x	13.16+0.5x	12.62+12.0x	0.64+0.1x	0.560.0x	0.57-0.2x	0.78-0.3x	1.04-10.5x	11.59-0.5x	12.07-45.5x	57.62	N/A	N/A	N/A
Asset Turnover	1.32+0.1x	1.23-0.1x	1.35-0.1x	1.43+0.1x	1.370.0x	1.33-0.1x	1.400.0x	1.44+0.2x	1.26-0.2x	1.46+0.2x	1.27+0.3x	0.94-0.2x	1.15	N/A
FCF Margin	4.7%+0.7pp	4.0%-5.3pp	9.3%+0.3pp	9.0%+5.1pp	3.9%-8.7pp	12.6%+1.6pp	11.1%+15.3pp	-4.2%-21.5pp	17.3%+12.4pp	5.0%0.0pp	5.0%-1.0pp	6.0%+0.5pp	5.5%-1.5pp	7.0%

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	4.6%-4.9pp
Net Margin	4.5%+1.5pp	7.3%+0.7pp	-0.1%+1.7pp	2.8%-0.8pp	3.0%-1.8pp	6.6%-0.5pp	-1.8%-6.9pp	3.6%-4.1pp
Return on Equity	42.4%+7.8pp	107.2%-27.7pp	-1.9%+31.5pp	30.9%-4.0pp	34.6%-25.4pp	134.9%+71.3pp	-33.3%-119.2pp	34.9%-905.1pp
Return on Assets	1.6%+0.6pp	2.6%+0.3pp	0.0%+0.5pp	1.0%-0.2pp	1.0%-0.6pp	2.3%0.0pp	-0.6%-2.4pp	1.2%-2.0pp
Current Ratio	1.130.0x	1.120.0x	1.090.0x	1.110.0x	1.10+0.1x	1.080.0x	1.070.0x	1.070.0x
Debt-to-Equity	7.17-1.2x	10.80-3.6x	16.57+3.4x	8.14+0.4x	8.36-1.5x	14.43+7.5x	13.16+0.5x	7.70-101.4x
Asset Turnover	0.350.0x	0.360.0x	0.330.0x	0.360.0x	0.340.0x	0.340.0x	0.310.0x	0.34-0.1x
FCF Margin	5.7%+1.1pp	10.0%+3.9pp	3.5%-0.2pp	4.5%-0.3pp	4.6%+2.8pp	6.1%+0.4pp	3.7%-38.9pp	4.7%+15.3pp

Not reported in any period shown, so not listed: Gross Margin.

Similar Companies

Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.

Company	Fiscal year	Revenue	Net income	Net margin	Market cap	Health score
TRINET GROUP, INC. TNET	FY2025	$5.0B	$155.0M	3.1%	$3.1B	46/100
Robert Half Inc. RHI	FY2025	$5.4B	$133.0M	2.5%	$3.6B	43/100
Korn Ferry KFY	FY2026	$2.9B	$280.8M	9.6%	$4.0B	67/100
Insperity, Inc NSP	FY2025	$6.8B	-$7.0M	-0.1%	$1.9B	49/100
ManpowerGroup MAN	FY2025	$18.0B	-$13.3M	-0.1%	$2.4B	37/100
Barrett Business Services BBSI	FY2025	$1.2B	$54.4M	4.4%	$773.1M	51/100

Where TRINET GROUP, INC. Ranks

Frequently Asked Questions

What is TRINET GROUP, INC.'s annual revenue?

TRINET GROUP, INC. (TNET) reported $5.0B in total revenue for fiscal year 2025. This represents a -0.9% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is TRINET GROUP, INC.'s revenue growing?

TRINET GROUP, INC. (TNET) revenue declined by 0.9% year-over-year, from $5.1B to $5.0B in fiscal year 2025.

Is TRINET GROUP, INC. profitable?

Yes, TRINET GROUP, INC. (TNET) reported a net income of $155.0M in fiscal year 2025, with a net profit margin of 3.1%.

How much debt does TRINET GROUP, INC. have?

As of fiscal year 2025, TRINET GROUP, INC. (TNET) had $287.0M in cash and equivalents against $895.0M in long-term debt.

What is TRINET GROUP, INC.'s net profit margin?

TRINET GROUP, INC. (TNET) had a net profit margin of 3.1% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Does TRINET GROUP, INC. pay dividends?

Yes, TRINET GROUP, INC. (TNET) paid $0.28 per share in dividends during fiscal year 2025.

What is TRINET GROUP, INC.'s return on equity (ROE)?

TRINET GROUP, INC. (TNET) has a return on equity of 287.0% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is TRINET GROUP, INC.'s free cash flow?

TRINET GROUP, INC. (TNET) generated $234.0M in free cash flow during fiscal year 2025. This represents a 16.4% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is TRINET GROUP, INC.'s operating cash flow?

TRINET GROUP, INC. (TNET) generated $303.0M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are TRINET GROUP, INC.'s total assets?

TRINET GROUP, INC. (TNET) had $3.8B in total assets as of fiscal year 2025, including both current and long-term assets.

What are TRINET GROUP, INC.'s capital expenditures?

TRINET GROUP, INC. (TNET) invested $69.0M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

How much does TRINET GROUP, INC. spend on research and development?

TRINET GROUP, INC. (TNET) invested $71.0M in research and development during fiscal year 2025.

Does TRINET GROUP, INC. buy back shares?

Yes, TRINET GROUP, INC. (TNET) spent $183.0M on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

How many shares does TRINET GROUP, INC. have outstanding?

TRINET GROUP, INC. (TNET) had 47M shares outstanding as of fiscal year 2025.

What is TRINET GROUP, INC.'s current ratio?

TRINET GROUP, INC. (TNET) had a current ratio of 1.09 as of fiscal year 2025, which is considered adequate.

What is TRINET GROUP, INC.'s debt-to-equity ratio?

TRINET GROUP, INC. (TNET) had a debt-to-equity ratio of 16.57 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is TRINET GROUP, INC.'s return on assets (ROA)?

TRINET GROUP, INC. (TNET) had a return on assets of 4.1% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is TRINET GROUP, INC.'s P/E ratio?

TRINET GROUP, INC. (TNET) trades at 17.6x earnings, its market capitalization divided by net income of $175.0M net income, trailing 12 months to June 30, 2026. The market capitalization is $3.1B as of Oct 15, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is TRINET GROUP, INC.'s price-to-sales ratio?

TRINET GROUP, INC. (TNET) trades at 0.6x sales, its market capitalization divided by revenue of $4.9B revenue, trailing 12 months to June 30, 2026. The market capitalization is $3.1B as of Oct 15, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is TRINET GROUP, INC.'s Piotroski F-Score?

TRINET GROUP, INC. (TNET) has a Piotroski F-Score of 6 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are TRINET GROUP, INC.'s earnings high quality?

TRINET GROUP, INC. (TNET) has an earnings quality ratio of 1.95x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

How financially healthy is TRINET GROUP, INC.?

TRINET GROUP, INC. (TNET) scores 46 out of 100 on our Financial Health Score, indicating moderate standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.