TNET
TriNet Group, Inc.60.69
+0.58+0.97%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
FY Q3 '25
Pricing gap tightens; ASO beats expectations.
Q&A reinforced prepared optimism but added color: TriNet's aggressive health repricing created a lead over slower competitors, now tightening via pipeline and October sales strength. ASO demand exceeded forecasts with strong conversions plus organic new logos in fragmented markets. Sales force slimmer yet more tenured; headcount set to grow in 2026. CIE up 0.5 points YTD from fewer layoffs in tech and financials, not hiring gains. Pricing lead proves fortuitous. Management stayed cautious on 2026 WSE growth, eyeing revenue rebound post-January renewals. Watch competitor catch-up and broker RFPs.
Key Stats
Market Cap
2.95BP/E (TTM)
22.07Basic EPS (TTM)
2.75Dividend Yield
0.02%Recent Filings
10-Q
Q3 FY2025 results
TriNet's Q3 revenues dipped 2% y/y to $1.2B, driven by a 6% drop in average WSEs to 335,235 amid declines in technology and professional services verticals, yet insurance cost ratio held steady at 90%. Net income fell 24% y/y to $34M with diluted EPS at $0.70, reflecting lower volumes but offset by 2% cheaper operating expenses from headcount cuts. Year-to-date, revenues stayed flat at $3.8B while net income slid 20% to $156M, pressured by a 2% ICR rise from higher pharmacy costs for diabetes and obesity drugs. Cash from operations climbed 13% to $242M, bolstering $321M in unrestricted cash after paying off the $700M revolver; total debt sits at $895M via fixed-rate notes maturing 2029 and 2031. Restructuring costs hit $5M YTD as the firm sharpens focus on core PEO by winding down HRIS software. Still, client attrition outpaces additions.
8-K
Q3 results and CFO change
TriNet reported Q3 2025 revenues of $1.2 billion, down 2% year-over-year, with net income at $34 million and Adjusted EBITDA of $100 million, amid a 6% drop in average worksite employees to 335,000. The company reaffirmed its full-year 2025 guidance, targeting total revenues between $4.95 billion and $5.14 billion. It also appointed Mala Murthy as CFO effective November 28, succeeding Kelly Tuminelli after five years, to bolster strategy in a challenged SMB market. Leadership transitions can disrupt operations.
8-K
TriNet appoints two directors
TriNet Group appointed Janet Kennedy and Madhu Ranganathan to its Board of Directors on September 30, 2025, filling two vacancies with immediate effect. Kennedy, a tech transformation veteran from Google Cloud and Microsoft, joins as Class I director until 2027; Ranganathan, ex-CFO of OpenText where revenue doubled to over $5 billion, as Class II until 2028. Both independent directors bring AI, finance, and growth expertise to bolster TriNet's strategic priorities. Their additions enhance board depth amid digital shifts.
8-K
TriNet declares $0.275 dividend
TriNet Group announced a quarterly dividend of $0.275 per share on September 17, 2025, with record and ex-dividend dates of October 1, 2025, and payout on October 27, 2025. This steady payout underscores the company's commitment to returning value to shareholders amid its focus on HR solutions for SMBs. Dividend declared.
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