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Jun 30, 2021
TriNet Q2 2021 Earnings Report
TriNet's financial performance in Q2 2021 reflected a 16% increase in total revenues, reaching $1.1 billion.
Key Takeaways
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.
Total revenues increased 16% to $1.1 billion compared to the same period last year.
Net income was $91 million, or $1.37 per diluted share, compared to $126 million, or $1.87 per diluted share, in the same period last year.
Adjusted Net Income was $104 million, or $1.56 per diluted share, compared to $136 million, or $2.03 per diluted share, in the same period last year.
Total Worksite Employees (WSEs) increased 9% to approximately 340,000.
Revenue by Segment
Forward Guidance
TriNet provided its third quarter and full-year 2021 guidance.
Positive Outlook
- Total Revenues Q3 2021: 15% - 17%
- Professional Service Revenues Q3 2021: 15% - 20%
- Net Insurance Margin Q3 2021: 8.5% - 10.5%
- Total Revenues Full Year 2021: 10% - 12%
- Professional Service Revenues Full Year 2021: 13% - 15%
Challenges Ahead
- Diluted net income per share of common stock Q3 2021: $0.48 - $0.72
- Adjusted Net Income per share - diluted Q3 2021: $0.62 - $0.87
- Diluted net income per share of common stock Full Year 2021: $3.60 - $4.03
- Adjusted Net Income per share - diluted Full Year 2021: $4.25 - $4.70
- Ratio of Insurance Costs to Insurance Service Revenues Q3 2021: 91.5% - 89.5%
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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