TNET FY 2025 Earnings Report — TriNet Group, Inc. Revenue & Financial Results | Market Cap Arena

TriNet Group, Inc.TNET

FY 2025 Earnings

Reported February 12, 2026

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2025	Prior Q	FY 2024	QoQ Change	YoY Change
Revenue	$5.0B	—	$5.1B	—	-0.9%
Op. Income	$266M	—	$288M	—	-7.6%
Gross Margin	17.4%	—	18.8%	—	-1.5pp
Net Margin	3.1%	—	3.4%	—	-0.3pp
EPS (Diluted)	$3.16	—	$3.43	—	-7.9%
Free Cash Flow	$306M	—	$201M	—	52.2%

Revenue Flow

Item	Amount
REVENUE	$5.0B
Cost of Revenue	$4.1B
GROSS PROFIT	$870M
R&D Expenses	$71M
Selling & Marketing	$263M
General & Administrative	$207M
SG&A Expenses	$470M
Other Expenses	$63M
Operating Expenses	$604M
Cost & Expenses	$4.7B
OPERATING INCOME	$266M
Interest Income	$35M
Interest Expense	$56M
Other Income/Expenses	-$49M
INCOME BEFORE TAX	$217M
Income Tax Expense	$62M
Net Income from Continuing Ops	$155M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$155M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$155M
D&A	$86M
EBIT	$279M
EBITDA	$365M
EPS	$3
EPS Diluted	$3

Income Statement

Item	Amount
REVENUE	$5.0B
Cost of Revenue	$4.1B
GROSS PROFIT	$870M
R&D Expenses	$71M
Selling & Marketing	$263M
General & Administrative	$207M
SG&A Expenses	$470M
Other Expenses	$63M
Operating Expenses	$604M
Cost & Expenses	$4.7B
OPERATING INCOME	$266M
Interest Income	$35M
Interest Expense	$56M
Other Income/Expenses	-$49M
INCOME BEFORE TAX	$217M
Income Tax Expense	$62M
Net Income from Continuing Ops	$155M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$155M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$155M
D&A	$86M
EBIT	$279M
EBITDA	$365M
EPS	$3
EPS Diluted	$3

Cash Flow Statement

Item	Amount
Net Income	$155M
Depreciation & Amortization	$73M
Stock-Based Compensation	$65M
Deferred Income Tax	$45M
Other Non-Cash Items	$54M
Change in Working Capital	-$89M
OPERATING CASH FLOW	$303M
Capital Expenditure	$3M
Acquisitions (Net)	$1M
Purchases of Investments	-$78M
Sales/Maturities of Investments	$103M
Other Investing Activities	-$72M
NET CASH FROM INVESTING	-$43M
Net Debt Issuance	-$90M
Common Stock Repurchased	-$183M
Common Dividends Paid	-$52M
Other Financing Activities	$265M
NET CASH FROM FINANCING	-$49M
FREE CASH FLOW	$306M
Net Change in Cash	$211M

Balance Sheet

Item	Amount
Cash & Equivalents	$2.0B
Short-Term Investments	$0
Net Receivables	$284M
Inventory	$0
Other Current Assets	$521M
TOTAL CURRENT ASSETS	$2.9B
PP&E (Net)	$47M
Goodwill	$461M
Intangible Assets	$153M
Long-Term Investments	$128M
Tax Assets	$0
Other Non-Current Assets	$140M
TOTAL NON-CURRENT ASSETS	$929M
TOTAL ASSETS	$3.8B
Account Payables	$86M
Short-Term Debt	$10M
Deferred Revenue	$0
Other Current Liabilities	$1.7B
TOTAL CURRENT LIABILITIES	$2.6B
Long-Term Debt	$932M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$55M
Other Non-Current Liabilities	$82M
TOTAL NON-CURRENT LIABILITIES	$1.1B
TOTAL LIABILITIES	$3.7B
Common Stock	$1.1B
Additional Paid-In Capital	$0
Retained Earnings	-$1.1B
Treasury Stock	$0
Accum. Other Comp. Income	$0
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$54M
Minority Interest	$0
TOTAL EQUITY	$54M
TOTAL LIABILITIES & EQUITY	$3.8B
Total Debt	$979M
Net Debt	-$1.0B