TNET
$70.83+2.52%
TriNet Group Inc.Stock · IndustrialsRussell 2000 · 0.04% of IWMRussell 3000 · 0.002% of IWVUS Stock Market · 0.002% of VTI
TNET financial statements
The full income statement, balance sheet, and cash-flow statement for TriNet Group Inc. (TNET), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.
Shares outstanding (point-in-time)
2024-06 49.7M2024-09 49.6M2024-12 49.5M2025-03 48.4M2025-06 48.6M2025-09 48.0M2025-12 47.3M2026-03 45.9M2026-06 45.9M-7.6% over 8 periods
SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.
PeriodRangeOrderChangeFiguresAs-reported fiscal years.
| Line item | Trend | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Income Statement | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Revenue | 5.01B-0.9% | 5.05B+2.7% | 4.92B+0.8% | 4.88B+7.6% | 4.54B+12.5% | |
| Research & development | 71.0M+4.4% | 68.0M+4.6% | 65.0M-11.0% | 73.0M+46.0% | 50.0M+25.0% | |
| Selling, general & administrative | 207M-10.8% | 232M+10.0% | 211M-12.4% | 241M+36.9% | 176M+15.8% | |
| General & administrative | 207M-10.8% | 232M+10.0% | 211M-12.4% | 241M+36.9% | 176M+15.8% | |
| Selling & marketing | 269M-6.9% | 289M+1.4% | 285M+17.8% | 242M+19.8% | 202M+8.6% | |
| Restructuring | 10.0M-41.2% | 17.0M | — | — | — | |
| Amortization of intangibles | 61.0M-10.3% | 68.0M+7.9% | 63.0M+16.7% | 54.0M+8.0% | 50.0M+31.6% | |
| Provision for credit losses | — | 2.00M-33.3% | 3.00M+50.0% | 2.00M | 0.00 | |
| Operating income | — | — | 469M-6.0% | 499M+9.7% | 455M+23.6% | |
| Interest expense | — | — | — | 39.0M+95.0% | 20.0M-4.8% | |
| Interest & investment income | 67.0M+4.7% | 64.0M-11.1% | 72.0M+227.3% | 22.0M | — | |
| Pre-tax income | 217M-4.0% | 226M-54.9% | 501M+3.9% | 482M+9.3% | 441M+23.5% | |
| Income tax | 62.0M+17.0% | 53.0M-57.9% | 126M-0.8% | 127M+23.3% | 103M+21.2% | |
| 155M-10.4% | 173M-53.9% | 375M+5.6% | 355M+5.0% | 338M+24.3% | ||
| Net income to common | 155M-10.4% | 173M-53.9% | 375M+5.6% | 355M+5.0% | 338M+24.3% | |
| $3.20-6.7% | $3.43-47.7% | $6.56+16.9% | $5.61+10.7% | $5.07+27.1% | ||
| EPS (basic) | $3.20-7.8% | $3.47-47.5% | $6.61+16.8% | $5.66+10.3% | $5.13+27.3% | |
| Weighted-avg shares (basic) | 48.0M-4.0% | 50.0M-12.3% | 57.0M-9.5% | 63.0M-4.5% | 66.0M-1.5% | |
| Weighted-avg shares (diluted) | 49.0M-2.0% | 50.0M-12.3% | 57.0M-10.9% | 64.0M-4.5% | 67.0M-1.5% | |
| Dividends per share | $1.10+10.0% | $1.00 | $0.00 | — | — | |
| Balance Sheet | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 2.87B-9.8% | 3.18B+23.4% | 2.58B+10.8% | 2.33B-4.6% | 2.44B+12.9% | ||
| Cash & equivalents | 287M-20.3% | 360M+25.4% | 287M-18.9% | 354M-42.2% | 612M+103.3% | |
| Short-term investments | — | 0.00-100.0% | 65.0M-14.5% | 76.0M-43.7% | 135M+136.8% | |
| Accounts receivable | 20.0M-37.5% | 32.0M+77.8% | 18.0M-5.3% | 19.0M+26.7% | 15.0M-16.7% | |
| Prepaid expenses | 82.0M+28.1% | 64.0M-4.5% | 67.0M-5.6% | 71.0M+6.0% | 67.0M+6.3% | |
| Other current assets | 47.0M+2.2% | 46.0M+4.5% | 44.0M-4.3% | 46.0M+12.2% | 41.0M-52.9% | |
| 3.80B-7.8% | 4.12B+11.5% | 3.69B+7.3% | 3.44B+4.0% | 3.31B+8.7% | ||
| Property, plant & equipment | 11.0M+10.0% | 10.0M-41.2% | 17.0M-29.2% | 24.0M+0.0% | 24.0M-69.6% | |
| Operating lease right-of-use | 36.0M+50.0% | 24.0M+0.0% | 24.0M-22.6% | 31.0M-26.2% | 42.0M-17.6% | |
| Goodwill | 461M+0.0% | 461M-0.2% | 462M+0.0% | 462M+57.1% | 294M+0.0% | |
| Intangible assets | 153M-1.9% | 156M-9.3% | 172M+5.5% | 163M+167.2% | 61.0M+238.9% | |
| Other non-current assets | 140M-2.1% | 143M+2.9% | 139M+4.5% | 133M+15.7% | 115M+23.7% | |
| 2.64B-11.5% | 2.98B+21.0% | 2.46B+23.9% | 1.99B+14.3% | 1.74B-7.0% | ||
| Deferred revenue | 57.0M-25.0% | 76.0M+16.9% | 65.0M-38.7% | 106M+9.3% | 97.0M-27.6% | |
| Short-term & current debt | — | — | — | — | 0.00-100.0% | |
| Current lease liability | 10.0M-23.1% | 13.0M-7.1% | 14.0M-6.7% | 15.0M+36.4% | 11.0M+0.0% | |
| 3.74B-7.6% | 4.05B+12.0% | 3.62B+35.5% | 2.67B+9.9% | 2.43B-0.3% | ||
| Long-term debt | 895M-1.4% | 908M-7.7% | 984M+98.4% | 496M+0.2% | 495M+42.2% | |
| Non-current lease liability | 37.0M+42.3% | 26.0M-13.3% | 30.0M-26.8% | 41.0M+0.0% | 41.0M-16.3% | |
| Operating lease liability (total) | 47.0M+20.5% | 39.0M-11.4% | 44.0M-21.4% | 56.0M+7.7% | 52.0M-13.3% | |
| Deferred tax liabilities | 55.0M+400.0% | 11.0M-15.4% | 13.0M+62.5% | 8.00M-27.3% | 11.0M-50.0% | |
| Other non-current liabilities | 13.0M-7.1% | 14.0M+180.0% | 5.00M-28.6% | 7.00M+0.0% | 7.00M-22.2% | |
| 54.0M-21.7% | 69.0M-11.5% | 78.0M-89.9% | 775M-12.0% | 881M+45.1% | ||
| Preferred stock | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Retained earnings | -1.08B-9.9% | -984M-9.8% | -896M-652.9% | -119M-260.8% | 74.0M+151.4% | |
| Accumulated other comprehensive income | 0.00+100.0% | -3.00M-50.0% | -2.00M+60.0% | -5.00M-400.0% | -1.00M-125.0% | |
| Total liabilities & equity | 3.80B-7.8% | 4.12B+11.5% | 3.69B+7.3% | 3.44B+4.0% | 3.31B+8.7% | |
| Common shares issued | 47.4M-4.3% | 49.5M-2.2% | 50.7M-16.3% | 60.6M-8.2% | 66.0M-0.7% | |
| Common shares outstanding | 47.4M-4.3% | 49.5M-2.2% | 50.7M-16.3% | 60.6M-8.2% | 66.0M-0.7% | |
| Shares outstanding (cover) | 47.3M-4.5% | 49.5M-2.1% | 50.6M-15.7% | 60.0M-8.7% | 65.7M-0.4% | |
| Cash Flow | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 303M+8.6% | 279M-48.2% | 539M+8.5% | 497M+128.0% | 218M-60.1% | ||
| Depreciation & amortization | 66.0M-12.0% | 75.0M+4.2% | 72.0M+12.5% | 64.0M+8.5% | 59.0M+25.5% | |
| Intangible amortization | 61.0M-10.3% | 68.0M+7.9% | 63.0M+16.7% | 54.0M+8.0% | 50.0M+31.6% | |
| Share-based compensation | 65.0M+0.0% | 65.0M+10.2% | 59.0M-4.8% | 62.0M+24.0% | 50.0M+16.3% | |
| Deferred income taxes | 44.0M+4500.0% | -1.00M-125.0% | 4.00M+119.0% | -21.0M-75.0% | -12.0M+71.4% | |
| Change in receivables | 0.00-100.0% | 2.00M-33.3% | 3.00M+175.0% | -4.00M-33.3% | -3.00M-142.9% | |
| -43.0M-128.1% | 153M+318.6% | -70.0M+69.0% | -226M-67.4% | -135M+10.6% | ||
| Capital expenditure | 69.0M-11.5% | 78.0M+4.0% | 75.0M+33.9% | 56.0M+40.0% | 40.0M+11.1% | |
| Free cash flow | 234M+16.4% | 201M-56.7% | 464M+5.2% | 441M+147.8% | 178M-65.1% | |
| Acquisitions | 0.00 | 0.00 | 0.00-100.0% | 229M | 0.00-100.0% | |
| Sales/maturities of investments | 7.00M-94.8% | 135M-1.5% | 137M-45.8% | 253M+35.3% | 187M+42.7% | |
| Other investing activities | — | — | — | — | 0.00-100.0% | |
| -49.0M+76.3% | -207M+61.7% | -540M-14.6% | -471M-4025.0% | 12.0M+105.8% | ||
| Long-term debt issued | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Long-term debt repaid | 0.00 | 0.00 | 0.00 | 0.00-100.0% | 370M+1581.8% | |
| Common stock issued | 11.0M-8.3% | 12.0M-20.0% | 15.0M+36.4% | 11.0M+0.0% | 11.0M+10.0% | |
| Common stock repurchased | 183M+0.0% | 183M-83.7% | 1.12B+114.5% | 523M+456.4% | 94.0M-47.2% | |
| Dividends paid | 52.0M+40.5% | 37.0M | 0.00 | 0.00 | 0.00 | |
| FX effect on cash | 0.00 | 0.00 | 0.00+100.0% | -1.00M | 0.00 | |
| Net change in cash | 211M-6.2% | 225M+416.9% | -71.0M+64.7% | -201M-311.6% | 95.0M-49.2% | |
| Interest paid | 52.0M-11.9% | 59.0M+136.0% | 25.0M+38.9% | 18.0M+50.0% | 12.0M-25.0% | |
| Income taxes paid | 27.0M-64.5% | 76.0M-33.3% | 114M-10.9% | 128M-0.8% | 129M+4.9% | |
| Valuation Ratios | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Market cap | 2.80B-37.8% | 4.50B-25.2% | 6.01B+42.4% | 4.22B-32.6% | 6.26B+17.7% | |
| P/E | 18.0×-30.6% | 26.0×+54.0% | 16.9×+50.8% | 11.2×-39.6% | 18.5×-5.3% | |
| P/S | 0.6×-37.3% | 0.9×-27.4% | 1.2×+42.0% | 0.9×-37.4% | 1.4×+4.6% | |
| P/B | 51.8×-20.5% | 65.2×-89.2% | 600.7×+12087.0% | 4.9×-30.6% | 7.1×-18.9% | |
| P/FCF | 12.0×-46.6% | 22.4×+14.3% | 19.6×+20.6% | 16.2×-53.8% | 35.2×+237.1% | |
| Earnings yield | 5.5%+44.0% | 3.8%-35.1% | 5.9%-33.7% | 8.9%+65.5% | 5.4%+5.6% | |
| FCF yield | 8.4%+87.1% | 4.5%-12.5% | 5.1%-17.1% | 6.2%+116.7% | 2.8%-70.3% | |
| Dividend yield | 1.9%+68.9% | 1.1% | 0.00% | — | — | |
| Source filing | 10-K | 10-K | 10-K | 10-K | 10-K |
About this data
Source: TNET’s SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn’t file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all TNET filings on SEC EDGAR → Not investment advice.