Trinet Group, Inc. income statement
In fiscal 2025, Trinet Group, Inc. reported revenue of $5.01bn, down 0.9% on the year before and net income of $155m, or $3.20 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2012Dec 2012 | 2013Dec 2013 | 2014Dec 2014 | 2015Dec 2015 | 2016Dec 2016 | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMSept 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 1,019 | 1,644 | 2,194 | 2,659 | 3,060 | 3,275 | 3,503 | 3,856 | 4,034 | 4,540 | 4,907 | 4,994 | 5,053 | 5,010 | 4,827 |
| Research and development | — | — | — | — | 31 | 45 | 49 | 43 | 40 | 50 | 73 | 65 | 68 | 71 | 72 |
| Selling and marketing | 60 | 109 | 140 | 167 | 174 | 187 | 182 | 190 | 186 | 202 | 242 | 285 | 289 | 269 | 273 |
| General and administrative | 38 | 52 | 54 | 69 | 92 | 114 | 142 | 137 | 152 | 176 | 241 | 211 | 232 | 207 | 226 |
| Operating income | 62 | 66 | 87 | 78 | 124 | 217 | 251 | 268 | 368 | 455 | 499 | 469 | — | — | — |
| Net interest income | — | — | — | — | 0 | 3 | 12 | — | — | — | — | — | — | — | — |
| Income before tax | 52 | 21 | 33 | 60 | 104 | 200 | 241 | 270 | 357 | 441 | 482 | 501 | 226 | 217 | 237 |
| Income tax | 20 | 8 | 18 | 28 | 43 | 22 | 49 | 58 | 85 | 103 | 127 | 126 | 53 | 62 | 65 |
| Net income | 32 | 13 | 15 | 32 | 61 | 178 | 192 | 212 | 272 | 338 | 355 | 375 | 173 | 155 | 172 |
| Diluted EPS | $0.16 | $0.06 | $0.22 | $0.44 | $0.85 | $2.49 | $2.65 | $2.99 | $3.99 | $5.07 | $5.61 | $6.56 | $3.43 | $3.20 | $3.62 |
| Diluted shares (average) | 50m | 63m | 60m | 73m | 72m | 71m | 72m | 71m | 68m | 67m | 64m | 57m | 50m | 49m | 48m |
| EBITDA | 93 | 140 | 171 | 131 | 163 | 252 | 297 | 309 | 377 | 464 | 509 | 478 | — | — | — |
| Quarter | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 | 2026 Q3Sept 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1,277 | 1,292 | 1,238 | 1,232 | 1,248 | 1,226 | 1,178 | 1,175 |
| Research and development | 16 | 20 | 17 | 18 | 16 | 19 | 17 | 20 |
| Selling and marketing | 71 | 67 | 68 | 68 | 66 | 69 | 66 | 72 |
| General and administrative | 92 | 46 | 52 | 51 | 58 | 59 | 56 | 53 |
| Income before tax | −37 | 115 | 51 | 50 | 1 | 123 | 74 | 39 |
| Income tax | −14 | 30 | 14 | 16 | 2 | 34 | 21 | 8 |
| Net income | −23 | 85 | 37 | 34 | −1 | 89 | 53 | 31 |
| Diluted EPS | −$0.44 | $1.71 | $0.77 | $0.70 | $0.01 | $1.90 | $1.15 | $0.65 |
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