Trinet Group, Inc. (TNET) Financial Statements
Industry: Business Services (Other) (Services)
In fiscal 2025, Trinet reported revenue of $5.01B, down 0.9% from $5.05B the year before. Net income was $155.0M (a 3.1% net margin), or $3.20 per diluted share. Operating activities generated $303.0M of cash, leaving $234.0M of free cash flow. At fiscal year end, Trinet held $3.80B in total assets against $3.74B in total liabilities, including $287.0M of cash and equivalents.
Open the full interactive Trinet financials → Quarterly statements, key ratios, valuation history and price charts.
Trinet Key Stats
| Share Price | $66.72 |
|---|---|
| Market Cap | $3.07B |
| P/E Ratio | 20.9 |
| Dividend Yield | 1.69% |
| Revenue YoY Growth | -0.9% |
| 52-Week Range | $33.23 – $71.34 |
| Shares Outstanding | 46.0 million (basic, 2026 Q2) |
Trinet Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $4.03B | $4.54B | $4.88B | $4.92B | $5.05B | $5.01B |
| Cost of Goods Sold | $3.67B | $4.08B | $4.39B | $4.45B | — | — |
| Gross Profit | $368.0M | $455.0M | $499.0M | $469.0M | — | — |
| Operating Income | $368.0M | $455.0M | $499.0M | $469.0M | — | — |
| Pre-Tax Income | $357.0M | $441.0M | $482.0M | $501.0M | $226.0M | $217.0M |
| Income Tax | $85.0M | $103.0M | $127.0M | $126.0M | $53.0M | $62.0M |
| Net Income | $272.0M | $338.0M | $355.0M | $375.0M | $173.0M | $155.0M |
| Diluted EPS | $3.99 | $5.07 | $5.61 | $6.56 | $3.43 | $3.20 |
Trinet Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $1.23B | $1.25B | $1.23B | $1.18B |
| Net Income | $34.0M | -$1.0M | $89.0M | $53.0M |
| Diluted EPS | $0.70 | -$0.02 | $1.90 | $1.15 |
Trinet Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $301.0M | $612.0M | $354.0M | $287.0M | $360.0M | $287.0M |
| Current Assets | $2.16B | $2.44B | $2.33B | $2.58B | $3.18B | $2.87B |
| Total Assets | $3.04B | $3.31B | $3.44B | $3.69B | $4.12B | $3.80B |
| Current Liabilities | $1.87B | $1.74B | $1.99B | $2.46B | $2.98B | $2.64B |
| Total Long-Term Debt | $370.0M | $495.0M | $496.0M | $984.0M | $908.0M | $895.0M |
| Total Liabilities | $2.44B | $2.43B | $2.67B | $3.62B | $4.05B | $3.74B |
| Shareholders' Equity | $607.0M | $881.0M | $775.0M | $78.0M | $69.0M | $54.0M |
Trinet Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | $546.0M | $218.0M | $562.0M | $545.0M | $279.0M | $303.0M |
| Cash From Investing | -$151.0M | -$135.0M | -$226.0M | -$70.0M | $153.0M | -$43.0M |
| Cash From Financing | -$208.0M | $12.0M | -$536.0M | -$546.0M | -$207.0M | -$49.0M |
| Free Cash Flow | $510.0M | $178.0M | $506.0M | $470.0M | $201.0M | $234.0M |
| Dividends Paid | — | — | — | — | $37.0M | $52.0M |
Figures from Trinet's 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Trinet financials page for every line item.
Trinet Company Profile
| Ticker | TNET |
|---|---|
| Exchange | NYSE |
| Industry | Business Services (Other) (Services) |
| Headquarters | Dublin, California |
| Incorporated in | Delaware |
| Fiscal Year End | December 31 |
| SEC Filer Category | Large accelerated filer |
| SEC CIK | 0000937098 |
Frequently Asked Questions
What was Trinet's revenue in fiscal 2025?
Trinet (TNET) reported revenue of $5.01B for fiscal 2025.
What is Trinet's annual revenue history?
Trinet's annual revenue by fiscal year: 2020: $4.03B; 2021: $4.54B; 2022: $4.88B; 2023: $4.92B; 2024: $5.05B; 2025: $5.01B.
What was Trinet's net income in fiscal 2025?
Trinet reported net income of $155.0M for fiscal 2025.
What was Trinet's earnings per share (EPS) in fiscal 2025?
Trinet's diluted EPS was $3.20 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did Trinet generate in fiscal 2025?
Trinet generated $234.0M of free cash flow in fiscal 2025.
What was Trinet's revenue last quarter?
In its most recent reported quarter (2026 Q2), Trinet reported revenue of $1.18B.
How much debt does Trinet have?
Trinet reported $895.0M of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of Trinet are outstanding?
Trinet reported a weighted average of 46.0 million basic shares outstanding in 2026 Q2.
What is Trinet's market cap?
Based on its latest closing price, Trinet (TNET) has a market capitalization of about $3.07B.
When does Trinet's fiscal year end?
Trinet's fiscal year end, as registered with the SEC, is December 31.
Where is Trinet headquartered?
Trinet lists its business address in Dublin, California in its SEC filings.