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Sep 30, 2021
TriNet Q3 2021 Earnings Report
TriNet's financial performance reflected a strong customer base and commitment to providing the best possible HR experience.
Key Takeaways
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.
Total revenues increased 18% to $1.1 billion compared to the same period last year.
Professional service revenues increased 24% to $156 million compared to the same period last year.
Net income was $77 million, or $1.16 per diluted share, compared to net income of $33 million, or $0.48 per diluted share, in the same period last year.
Adjusted Net Income was $87 million, or $1.31 per diluted share, compared to Adjusted Net Income of $39 million, or $0.56 per diluted share, in the same period last year.
TriNet
TriNet
TriNet Revenue by Segment
Revenue by Segment
Professional Services Revenue
CapyFin.comInsurance Services Revenue
CapyFin.com Forward Guidance
TriNet provided its fourth quarter and full-year 2021 guidance.
Positive Outlook
- Total Revenues Q4 2021 Low: 12%
- Total Revenues Q4 2021 High: 14%
- Total Revenues Full Year 2021 Low: 11%
- Total Revenues Full Year 2021 High: 12%
- Professional Service Revenues Q4 2021 Low: 16%
Challenges Ahead
- Professional Service Revenues Q4 2021 High: 20%
- Professional Service Revenues Full Year 2021 Low: 15%
- Professional Service Revenues Full Year 2021 High: 16%
- Insurance Cost Ratio Full Year 2021 Low: 87.0 %
- Insurance Cost Ratio Full Year 2021 High: 86.5 %
Revenue & Expenses
Visualization of income flow from segment revenue to net income