# Trinet Group, Inc.: financial statements, quarterly

TNET · NYSE · CIK 937098 · [Industrials](/sectors/industrials.md) · fiscal year ends Dec 31

Pages: [Overview](/companies/tnet.md) · [Financials](/companies/tnet/financials.md) · [Filings](/companies/tnet/filings.md) · [Insiders](/companies/tnet/insiders.md)

Standardized line items from XBRL company facts. Each value links to its filing; d marks a value derived from year-to-date figures. Other view: [annual](/companies/tnet/financials.md?period=annual).

## Income statement

| Line item | Unit | Q3 FY2023 (2023-09-30) | Q4 FY2023 (2023-12-31) | Q1 FY2024 (2024-03-31) | Q2 FY2024 (2024-06-30) | Q3 FY2024 (2024-09-30) | Q4 FY2024 (2024-12-31) | Q1 FY2025 (2025-03-31) | Q2 FY2025 (2025-06-30) | Q3 FY2025 (2025-09-30) | Q4 FY2025 (2025-12-31) | Q1 FY2026 (2026-03-31) | Q2 FY2026 (2026-06-30) |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| Revenue | $m | [1,222](/filings/0000937098-24-000182.md) | [1,245 d](/filings/0000937098-24-000025.md) | [1,264](/filings/0000937098-24-000088.md) | [1,226](/filings/0000937098-24-000146.md) | [1,237](/filings/0000937098-24-000182.md) | [1,326 d](/filings/0000937098-26-000010.md) | [1,292](/filings/0000937098-26-000034.md) | [1,238](/filings/0000937098-26-000050.md) | [1,232](/filings/0000937098-25-000185.md) | [1,248 d](/filings/0000937098-26-000010.md) | [1,226](/filings/0000937098-26-000034.md) | [1,178](/filings/0000937098-26-000050.md) |
| Cost of revenue | $m | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported |
| Research and development | $m | [15.0](/filings/0000937098-24-000182.md) | [16.0 d](/filings/0000937098-26-000010.md) | [18.0](/filings/0000937098-25-000073.md) | [17.0](/filings/0000937098-25-000131.md) | [17.0](/filings/0000937098-25-000185.md) | [16.0 d](/filings/0000937098-26-000010.md) | [20.0](/filings/0000937098-26-000034.md) | [17.0](/filings/0000937098-26-000050.md) | [18.0](/filings/0000937098-25-000185.md) | [16.0 d](/filings/0000937098-26-000010.md) | [19.0](/filings/0000937098-26-000034.md) | [17.0](/filings/0000937098-26-000050.md) |
| Operating income | $m | [116](/filings/0000937098-24-000182.md) | [87.0 d](/filings/0000937098-24-000025.md) | [122](/filings/0000937098-24-000088.md) | [80.0](/filings/0000937098-24-000146.md) | [58.0](/filings/0000937098-24-000182.md) | not reported | not reported | not reported | not reported | not reported | not reported | not reported |
| Income tax | $m | [30.0](/filings/0000937098-24-000182.md) | [18.0 d](/filings/0000937098-26-000010.md) | [33.0](/filings/0000937098-25-000073.md) | [21.0](/filings/0000937098-25-000131.md) | [13.0](/filings/0000937098-25-000185.md) | [(14.0) d](/filings/0000937098-26-000010.md) | [30.0](/filings/0000937098-26-000034.md) | [14.0](/filings/0000937098-26-000050.md) | [16.0](/filings/0000937098-25-000185.md) | [2.0 d](/filings/0000937098-26-000010.md) | [34.0](/filings/0000937098-26-000034.md) | [21.0](/filings/0000937098-26-000050.md) |
| Net income | $m | [94.0](/filings/0000937098-24-000182.md) | [67.0 d](/filings/0000937098-26-000010.md) | [91.0](/filings/0000937098-25-000073.md) | [60.0](/filings/0000937098-25-000131.md) | [45.0](/filings/0000937098-25-000185.md) | [(23.0) d](/filings/0000937098-26-000010.md) | [85.0](/filings/0000937098-26-000034.md) | [37.0](/filings/0000937098-26-000050.md) | [34.0](/filings/0000937098-25-000185.md) | [(1.0) d](/filings/0000937098-26-000010.md) | [89.0](/filings/0000937098-26-000034.md) | [53.0](/filings/0000937098-26-000050.md) |
| Diluted EPS | $ per share | [1.63](/filings/0000937098-24-000182.md) | not reported | [1.78](/filings/0000937098-25-000073.md) | [1.20](/filings/0000937098-25-000131.md) | [0.89](/filings/0000937098-25-000185.md) | not reported | [1.71](/filings/0000937098-26-000034.md) | [0.77](/filings/0000937098-26-000050.md) | [0.70](/filings/0000937098-25-000185.md) | not reported | [1.90](/filings/0000937098-26-000034.md) | [1.15](/filings/0000937098-26-000050.md) |
| Basic EPS | $ per share | [1.65](/filings/0000937098-24-000182.md) | not reported | [1.80](/filings/0000937098-25-000073.md) | [1.21](/filings/0000937098-25-000131.md) | [0.90](/filings/0000937098-25-000185.md) | not reported | [1.72](/filings/0000937098-26-000034.md) | [0.77](/filings/0000937098-26-000050.md) | [0.70](/filings/0000937098-25-000185.md) | not reported | [1.90](/filings/0000937098-26-000034.md) | [1.16](/filings/0000937098-26-000050.md) |

- Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax, us-gaap:Revenues
- Cost of revenue: not reported
- Research and development: us-gaap:ResearchAndDevelopmentExpense
- Operating income: us-gaap:OperatingIncomeLoss
- Income tax: us-gaap:IncomeTaxExpenseBenefit
- Net income: us-gaap:NetIncomeLoss
- Diluted EPS: us-gaap:EarningsPerShareDiluted
- Basic EPS: us-gaap:EarningsPerShareBasic

## Balance sheet

| Line item | Unit | Q3 FY2023 (2023-09-30) | FY2023 (2023-12-31) | Q1 FY2024 (2024-03-31) | Q2 FY2024 (2024-06-30) | Q3 FY2024 (2024-09-30) | FY2024 (2024-12-31) | Q1 FY2025 (2025-03-31) | Q2 FY2025 (2025-06-30) | Q3 FY2025 (2025-09-30) | FY2025 (2025-12-31) | Q1 FY2026 (2026-03-31) | Q2 FY2026 (2026-06-30) |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| Cash and equivalents | $m | [170](/filings/0000937098-23-000199.md) | [287](/filings/0000937098-25-000016.md) | [298](/filings/0000937098-24-000088.md) | [177](/filings/0000937098-24-000146.md) | [251](/filings/0000937098-24-000182.md) | [360](/filings/0000937098-26-000010.md) | [349](/filings/0000937098-25-000073.md) | [407](/filings/0000937098-25-000131.md) | [321](/filings/0000937098-25-000185.md) | [287](/filings/0000937098-26-000050.md) | [340](/filings/0000937098-26-000034.md) | [358](/filings/0000937098-26-000050.md) |
| Current assets | $m | [1,853](/filings/0000937098-23-000199.md) | [2,578](/filings/0000937098-25-000016.md) | [2,840](/filings/0000937098-24-000088.md) | [2,566](/filings/0000937098-24-000146.md) | [2,605](/filings/0000937098-24-000182.md) | [3,180](/filings/0000937098-26-000010.md) | [2,857](/filings/0000937098-25-000073.md) | [2,762](/filings/0000937098-25-000131.md) | [2,498](/filings/0000937098-25-000185.md) | [2,868](/filings/0000937098-26-000050.md) | [2,484](/filings/0000937098-26-000034.md) | [2,384](/filings/0000937098-26-000050.md) |
| Total assets | $m | [2,966](/filings/0000937098-23-000199.md) | [3,693](/filings/0000937098-25-000016.md) | [3,968](/filings/0000937098-24-000088.md) | [3,703](/filings/0000937098-24-000146.md) | [3,729](/filings/0000937098-24-000182.md) | [4,119](/filings/0000937098-26-000010.md) | [3,775](/filings/0000937098-25-000073.md) | [3,688](/filings/0000937098-25-000131.md) | [3,425](/filings/0000937098-25-000185.md) | [3,797](/filings/0000937098-26-000050.md) | [3,420](/filings/0000937098-26-000034.md) | [3,346](/filings/0000937098-26-000050.md) |
| Current liabilities | $m | [1,703](/filings/0000937098-23-000199.md) | [2,463](/filings/0000937098-25-000016.md) | [2,669](/filings/0000937098-24-000088.md) | [2,463](/filings/0000937098-24-000146.md) | [2,440](/filings/0000937098-24-000182.md) | [2,981](/filings/0000937098-26-000010.md) | [2,646](/filings/0000937098-25-000073.md) | [2,508](/filings/0000937098-25-000131.md) | [2,249](/filings/0000937098-25-000185.md) | [2,637](/filings/0000937098-26-000050.md) | [2,226](/filings/0000937098-26-000034.md) | [2,109](/filings/0000937098-26-000050.md) |
| Total liabilities | $m | [2,956](/filings/0000937098-23-000199.md) | [3,615](/filings/0000937098-25-000016.md) | [3,825](/filings/0000937098-24-000088.md) | [3,603](/filings/0000937098-24-000146.md) | [3,600](/filings/0000937098-24-000182.md) | [4,050](/filings/0000937098-26-000010.md) | [3,712](/filings/0000937098-25-000073.md) | [3,581](/filings/0000937098-25-000131.md) | [3,315](/filings/0000937098-25-000185.md) | [3,743](/filings/0000937098-26-000050.md) | [3,337](/filings/0000937098-26-000034.md) | [3,221](/filings/0000937098-26-000050.md) |
| Long-term debt | $m | [1,091](/filings/0000937098-23-000199.md) | [984](/filings/0000937098-25-000016.md) | [984](/filings/0000937098-24-000088.md) | [984](/filings/0000937098-24-000146.md) | [993](/filings/0000937098-24-000182.md) | [908](/filings/0000937098-26-000010.md) | [909](/filings/0000937098-25-000073.md) | [894](/filings/0000937098-25-000131.md) | [895](/filings/0000937098-25-000185.md) | [895](/filings/0000937098-26-000050.md) | [896](/filings/0000937098-26-000034.md) | [896](/filings/0000937098-26-000050.md) |
| Current portion of debt | $m | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported |
| Shareholders' equity | $m | [10.0](/filings/0000937098-24-000182.md) | [78.0](/filings/0000937098-26-000010.md) | [143](/filings/0000937098-25-000131.md) | [100](/filings/0000937098-25-000185.md) | [129](/filings/0000937098-25-000185.md) | [69.0](/filings/0000937098-26-000050.md) | [63.0](/filings/0000937098-26-000050.md) | [107](/filings/0000937098-26-000050.md) | [110](/filings/0000937098-25-000185.md) | [54.0](/filings/0000937098-26-000050.md) | [83.0](/filings/0000937098-26-000050.md) | [125](/filings/0000937098-26-000050.md) |

- Cash and equivalents: us-gaap:CashAndCashEquivalentsAtCarryingValue
- Current assets: us-gaap:AssetsCurrent
- Total assets: us-gaap:Assets
- Current liabilities: us-gaap:LiabilitiesCurrent
- Total liabilities: us-gaap:Liabilities
- Long-term debt: us-gaap:LongTermDebtNoncurrent
- Current portion of debt: not reported
- Shareholders' equity: us-gaap:StockholdersEquity

## Cash flow

| Line item | Unit | Q3 FY2023 (2023-09-30) | Q4 FY2023 (2023-12-31) | Q1 FY2024 (2024-03-31) | Q2 FY2024 (2024-06-30) | Q3 FY2024 (2024-09-30) | Q4 FY2024 (2024-12-31) | Q1 FY2025 (2025-03-31) | Q2 FY2025 (2025-06-30) | Q3 FY2025 (2025-09-30) | Q4 FY2025 (2025-12-31) | Q1 FY2026 (2026-03-31) | Q2 FY2026 (2026-06-30) |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| Operating cash flow | $m | [(110) d](/filings/0000937098-24-000182.md) | [582 d](/filings/0000937098-26-000010.md) | [91.0](/filings/0000937098-25-000073.md) | [39.0 d](/filings/0000937098-25-000131.md) | [84.0 d](/filings/0000937098-25-000185.md) | [65.0 d](/filings/0000937098-26-000010.md) | [95.0](/filings/0000937098-26-000034.md) | [75.0 d](/filings/0000937098-26-000050.md) | [72.0 d](/filings/0000937098-25-000185.md) | [61.0 d](/filings/0000937098-26-000010.md) | [149](/filings/0000937098-26-000034.md) | [88.0 d](/filings/0000937098-26-000050.md) |
| Capital expenditure | $m | [20.0 d](/filings/0000937098-24-000182.md) | [21.0 d](/filings/0000937098-26-000010.md) | [18.0](/filings/0000937098-25-000073.md) | [17.0 d](/filings/0000937098-25-000131.md) | [25.0 d](/filings/0000937098-25-000185.md) | [18.0 d](/filings/0000937098-26-000010.md) | [16.0](/filings/0000937098-26-000034.md) | [18.0 d](/filings/0000937098-26-000050.md) | [17.0 d](/filings/0000937098-25-000185.md) | [18.0 d](/filings/0000937098-26-000010.md) | [26.0](/filings/0000937098-26-000034.md) | [21.0 d](/filings/0000937098-26-000050.md) |
| Dividends paid | $m | [0.0 d](/filings/0000937098-24-000182.md) | [0.0 d](/filings/0000937098-26-000010.md) | [0.0](/filings/0000937098-25-000073.md) | [13.0 d](/filings/0000937098-25-000131.md) | [12.0 d](/filings/0000937098-25-000185.md) | [12.0 d](/filings/0000937098-26-000010.md) | [12.0](/filings/0000937098-26-000034.md) | [13.0](/filings/0000937098-26-000050.md) | [12.0 d](/filings/0000937098-25-000185.md) | [13.0 d](/filings/0000937098-26-000010.md) | [13.0](/filings/0000937098-26-000034.md) | [13.0](/filings/0000937098-26-000050.md) |
| Share repurchases | $m | [1,011 d](/filings/0000937098-24-000182.md) | [13.0 d](/filings/0000937098-26-000010.md) | [23.0](/filings/0000937098-25-000073.md) | [112 d](/filings/0000937098-25-000131.md) | [20.0 d](/filings/0000937098-25-000185.md) | [28.0 d](/filings/0000937098-26-000010.md) | [90.0](/filings/0000937098-26-000034.md) | [1.0 d](/filings/0000937098-26-000050.md) | [31.0 d](/filings/0000937098-25-000185.md) | [61.0 d](/filings/0000937098-26-000010.md) | [58.0](/filings/0000937098-26-000034.md) | [18.0 d](/filings/0000937098-26-000050.md) |

- Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities
- Capital expenditure: us-gaap:PaymentsToAcquirePropertyPlantAndEquipment
- Dividends paid: us-gaap:PaymentsOfDividends, us-gaap:PaymentsOfDividendsCommonStock
- Share repurchases: us-gaap:PaymentsForRepurchaseOfCommonStock

## Shares

| Line item | Unit | Q3 FY2022 (2022-09-30) | Q1 FY2023 (2023-03-31) | Q2 FY2023 (2023-06-30) | Q3 FY2023 (2023-09-30) | Q1 FY2024 (2024-03-31) | Q2 FY2024 (2024-06-30) | Q3 FY2024 (2024-09-30) | Q1 FY2025 (2025-03-31) | Q2 FY2025 (2025-06-30) | Q3 FY2025 (2025-09-30) | Q1 FY2026 (2026-03-31) | Q2 FY2026 (2026-06-30) |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| Diluted shares (weighted) | millions of shares | [63.0](/filings/0000937098-23-000199.md) | [60.0](/filings/0000937098-24-000088.md) | [60.0](/filings/0000937098-24-000146.md) | [58.0](/filings/0000937098-24-000182.md) | [51.0](/filings/0000937098-25-000073.md) | [51.0](/filings/0000937098-25-000131.md) | [50.0](/filings/0000937098-25-000185.md) | [49.0](/filings/0000937098-26-000034.md) | [49.0](/filings/0000937098-26-000050.md) | [48.0](/filings/0000937098-25-000185.md) | [47.0](/filings/0000937098-26-000034.md) | [46.0](/filings/0000937098-26-000050.md) |

- Diluted shares (weighted): us-gaap:WeightedAverageNumberOfDilutedSharesOutstanding

Shares outstanding: 45,904,738 at 2026-07-23, from the cover of the [10-Q filed 2026-07-30](/filings/0000937098-26-000050.md) (dei:EntityCommonStockSharesOutstanding).

Source: SEC EDGAR, XBRL company facts. Last ingested by Listed: Oct 24, 2026, 15:29 ET. No prices; not investment advice.