Paychex vs Trinet Group
Paychex is the larger business, with $6.51bn of revenue in fiscal 2026 against $5.01bn for Trinet Group (1.3 times as much). Paychex grew faster (16.9% against -0.9%). Paychex kept more of each dollar of sales as profit: a net margin of 27.0% against 3.1%.
| Latest fiscal year | PaychexPAYX, 2026 | Trinet GroupTNET, 2025 |
|---|---|---|
| Revenue | $6.51bn | $5.01bn |
| Revenue growth | 16.9% | -0.9% |
| Net income | $1.76bn | $155m |
| Operating margin | 38.6% | — |
| Net margin | 27.0% | 3.1% |
| Return on equity | 44.8% | — |
| Free cash flow | $2.32bn | $234m |
| Cash | $1.09bn | $287m |
| Total debt | $4.60bn | $895m |
| Debt to equity | 123.2% | — |
| Dividend per share | $4.43 | — |
| Dividend yield | 4.0% | 1.7% |
| Share buybacks | $611m | $183m |
| Employees | 17,600 | — |
| Market value | $41.31bn | $2.94bn |
| Price vs our value range | Within our value range | Below our value range |
| Moat score | 82 (Strong) | 50 (Moderate) |
| Insider trades, 12 months | 2 buys, 6 sales | 1 buys, 12 sales |