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Trinet Group TNET Operating Income
Discontinued — last reported Q3 '24
Operating Income at other companies
Other financials
Where this comes from
Reported directly by Trinet Group in its filing.
Tagged under the XBRL concept us-gaap:OperatingIncomeLoss.
The source filing: Trinet Group’s 10-Q, filed October 25, 2024.
- Filed
- Oct 25, 2024
- Fiscal quarter
- Q3 FY2024
- Calendar quarter
- Q3 2024
- Accession
- 0000937098-24-000182
| (in millions except per share data) | Three Months Ended September 30, 2024 | Three Months Ended September 30, 2023 | Nine Months Ended September 30, 2024 | Nine Months Ended September 30, 2023 |
|---|---|---|---|---|
| Systems development and programming | 17 | 15 | 52 | 49 |
| Depreciation and amortization of intangible assets | 19 | 17 | 56 | 53 |
| Total costs and operating expenses | 1,179 | 1,106 | 3,466 | 3,295 |
| Operating income | 58 | 116 | 261 | 382 |
| Other income (expense): | ||||
| Interest expense, bank fees and other | (15) | (10) | (47) | (23) |
| Interest income | 15 | 18 | 49 | 57 |
| Income before provision for income taxes | 58 | 124 | 263 | 416 |
Item 1.31. Unaudited Condensed Consolidated Financial Statements
FAQ
- What is Trinet Group's operating income?
- Trinet Group (TNET) reported operating income of $58M in Q3 2024.
- How has Trinet Group's operating income changed year-over-year?
- Trinet Group's operating income decreased by 50.0% year-over-year, from $116M to $58M.
- What is the long-term trend for Trinet Group's operating income?
- Over 2 years (2021 to 2023), Trinet Group's operating income has grown at a 1.5% compound annual growth rate (CAGR), from $455M to $469M.
- What does operating income mean?
- Gross profit minus all operating expenses (SG&A, R&D, D&A). Measures the profit from core business operations before interest, taxes, and non-operating items.
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