TriNet Earnings Reports

TriNet reported modest revenue growth but faced a net loss due to restructuring costs. Strong Worksite Employee retention was a key highlight.

TriNet Group, Inc. announced its third quarter 2024 financial results, with total revenues increasing by 1% to $1.2 billion. However, net income decreased to $45 million, or $0.89 per diluted share, compared to $94 million, or $1.63 per diluted share, in the same period last year. The company is addressing challenges such as healthcare cost inflation by repricing healthcare fees.

TriNet reported a 1% increase in total revenues, reaching $1.2 billion, and a 5% increase in professional service revenues, totaling $186 million. Net income was $60 million, or $1.20 per diluted share, while adjusted net income was $78 million, or $1.53 per diluted share. The company is focused on efficient execution, customer retention, and returning capital to shareholders.

TriNet Group, Inc. reported a 1% increase in total revenues, reaching $1.3 billion for Q1 2024. Professional service revenues saw a 4% increase, amounting to $214 million. However, net income decreased to $91 million, or $1.78 per diluted share, compared to $131 million, or $2.17 per diluted share, in the same period last year.

TriNet Group, Inc. reported a 2% increase in total revenues to $1.2 billion for the fourth quarter of 2023. Net income was $67 million, or $1.31 per diluted share, compared to net income of $49 million, or $0.78 per diluted share, in the same period last year.

TriNet reported a 2% decrease in total revenues, reaching $1.2 billion. Net income increased to $94 million, or $1.63 per diluted share, while Adjusted Net Income rose to $109 million, or $1.91 per diluted share. Ending Worksite Employees (WSEs) decreased 5% year-over-year but increased 1% sequentially, totaling approximately 336,000.

TriNet Group, Inc. announced its second quarter 2023 results with total revenues increasing by 1% to $1.2 billion. Net income was $83 million, or $1.38 per diluted share. The company's stock repurchase program was increased by $1 billion, bringing the total available for repurchase to $1.4 billion.

TriNet reported a 2% increase in total revenues to $1.2 billion and a net income of $131 million, or $2.17 per diluted share, for the first quarter of 2023. The company's results exceeded guidance despite a challenging economic environment, driven by strong new sales, customer retention, and cost control.

TriNet Group, Inc. reported flat total revenues at $1.2 billion for Q4 2022 compared to the same period last year, while professional service revenues increased by 9% to $189 million. Net income decreased to $49 million, or $0.78 per diluted share, from $69 million, or $1.03 per diluted share, in the same period last year. Adjusted Net Income was $71 million, or $1.11 per diluted share, compared to $74 million, or $1.13 per diluted share, in the same period last year.

TriNet Group, Inc. reported an 8% increase in total revenues, reaching $1.2 billion for Q3 2022. Professional service revenues saw a 21% increase, totaling $189 million. Net income remained consistent at $77 million, with diluted net income per share increasing to $1.22. The company also provided Q4 and full-year 2022 guidance.

TriNet announced strong second quarter results with a 9% increase in total revenues to $1.2 billion. Professional service revenues grew by 17% to $182 million. Net income was $85 million, or $1.35 per diluted share, while Adjusted Net Income reached $108 million, or $1.72 per diluted share.

TriNet reported a strong first quarter in 2022, marked by a 15% increase in total revenues to $1.2 billion and a 27% increase in professional service revenues to $194 million. The company's net income was $146 million, with a diluted share earning of $2.21. Strategic initiatives, including the acquisition of Zenefits, and returning capital to shareholders through a $316 million tender offer, contributed to the company's performance.

TriNet reported a strong fourth quarter, with a 16% increase in total revenues and a 23% increase in professional service revenues. Net income increased significantly, and the company increased its stock repurchase program by $300 million.

TriNet Group, Inc. announced strong financial results for Q3 2021, with total revenues increasing by 18% to $1.1 billion and professional service revenues increasing by 24% to $156 million. Net income was $77 million, or $1.16 per diluted share, while Adjusted Net Income was $87 million, or $1.31 per diluted share.

TriNet reported strong financial and operational results for Q2 2021, with total revenues increasing by 16% to $1.1 billion. Net income was $91 million, or $1.37 per diluted share. The company's total Worksite Employees (WSEs) increased by 9% to approximately 340,000.

TriNet Group, Inc. announced its Q1 2021 financial results, with total revenues increasing by 1% to $1.1 billion and net service revenues increasing by 9% to $309 million compared to the same period last year. Net income rose by 11% to $101 million, or $1.51 per diluted share, while adjusted net income increased by 14% to $111 million, or $1.66 per diluted share.

TriNet Group, Inc. reported a 4% increase in total revenues to $1.1 billion for the fourth quarter of 2020. Net income was $22 million, or $0.32 per diluted share. Adjusted Net Income was $30 million, or $0.44 per diluted share.

TriNet Group, Inc. announced its Q3 2020 financial results, with total revenues increasing by 1% to $975 million, but Net Service Revenues decreasing by 2% to $216 million. Net income was $33 million, a decrease from the previous year's $55 million. The company highlighted its commitment to SMBs and its focus on long-term growth and customer support.

TriNet Group, Inc. announced financial results for Q2 2020, with total revenues increasing by 1% to $0.9 billion and Net Service Revenues increasing by 45% to $335 million. Net income increased 174% to $126 million, or $1.87 per diluted share. The company also acquired Little Bird HR.

TriNet reported a 12% increase in total revenues, reaching $1.0 billion, and a 44% increase in net income, amounting to $91 million. Adjusted Net Income was $97 million, or $1.41 per diluted share. The company also saw an increase in average Worksite Employees (WSEs) by 8%, totaling approximately 336,000.

TriNet's total revenues for the fourth quarter of 2019 increased 11% to $1.0 billion. Net income was $48 million, or $0.68 per diluted share and Adjusted Net Income was $59 million, or $0.84 per diluted share.