TriNet Group, Inc. (TNET)

TriNet Group Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	4,999	4,989	4,922	4,885	4,540	4,034
Revenue Growth (YoY)	1.19%	1.36%	0.76%	7.60%	12.54%	4.62%
Cost of Revenue	4,128	4,101	3,820	3,766	3,603	3,241
Gross Profit	871	888	1,102	1,119	937	793
Selling, General & Admin	490	497	479	446	378	338
Research & Development	70	68	65	73	50	40
Operating Expenses	634	640	616	583	475	425
Operating Income	237	248	486	536	462	368
Interest Expense	-60	-62	-40	-22	-20	-21
Interest & Investment Income	64	64	72	22	6	10
EBT Excluding Unusual Items	241	250	518	536	448	357
Merger & Restructuring Charges	-24	-24	-17	-37	-	-
Gain (Loss) on Sale of Investments	-	-	-	-17	-	-
Asset Writedown	-	-	-	-	-7	-
Pretax Income	217	226	501	482	441	357
Income Tax Expense	50	53	126	127	103	85
Net Income	167	173	375	355	338	272
Net Income to Common	167	173	375	355	338	272
Net Income Growth	-50.15%	-53.87%	5.63%	5.03%	24.27%	28.30%
Shares Outstanding (Basic)	50	50	57	63	66	67
Shares Outstanding (Diluted)	50	50	57	64	67	68
Shares Change (YoY)	-9.59%	-12.28%	-10.94%	-4.48%	-1.47%	-4.23%
EPS (Basic)	3.37	3.46	6.58	5.63	5.12	4.06
EPS (Diluted)	3.32	3.43	6.56	5.61	5.07	3.99
EPS Growth	-45.60%	-47.71%	16.93%	10.65%	27.07%	33.45%
Free Cash Flow	207	201	464	441	178	510
Free Cash Flow Per Share	4.18	4.02	8.14	6.89	2.66	7.50
Dividend Per Share	1.025	1.000	-	-	-	-
Gross Margin	17.42%	17.80%	22.39%	22.91%	20.64%	19.66%
Operating Margin	4.74%	4.97%	9.87%	10.97%	10.18%	9.12%
Profit Margin	3.34%	3.47%	7.62%	7.27%	7.45%	6.74%
Free Cash Flow Margin	4.14%	4.03%	9.43%	9.03%	3.92%	12.64%
EBITDA	270	282	525	575	492	404
EBITDA Margin	5.40%	5.65%	10.67%	11.77%	10.84%	10.02%
D&A For EBITDA	33	34	39	39	30	36
EBIT	237	248	486	536	462	368
EBIT Margin	4.74%	4.97%	9.87%	10.97%	10.18%	9.12%
Effective Tax Rate	23.04%	23.45%	25.15%	26.35%	23.36%	23.81%
Revenue as Reported	5,063	5,053	4,994	4,907	4,540	4,034
Advertising Expenses	-	20	37	29	21	19

Updated Apr 25, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q