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Trinet Group TNET Professional service revenues — Service revenues

Other product segments

Insurance service revenues
$1.02B-3.9%

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Other financials

Income statement

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Revenue$1.2B-5.1%
Operating income$58.0M-50.0%
Net income$89.0M+4.7%
EPS (diluted)$1.90+11.1%

Balance sheet

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Cash & equivalents$1.4B+8.4%
Total debt$946.0M+0.1%
Total equity$83.0M+31.7%
Total assets$3.4B-9.4%

Cash flow

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Operating cash flow$149.0M+56.8%
CapEx$26.0M+62.5%
Free cash flow$123.0M+55.7%

Valuation

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Market cap$3.06B-0.6%
Enterprise value$2.62B+0.6%
P/E19.2×
P/S0.6×0.0×

Profitability

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Gross margin93.6%
Operating margin6.8%-2.1pp
Net margin3.2%
FCF margin5.6%+1.5pp

Returns & leverage

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Return on equity219.2%
Debt / equity11.4×-3.6×
Current ratio1.1×0.0×

Where this comes from

Reported directly by Trinet Group in its filing.

Tagged under the XBRL concept us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.

The source filing: Trinet Group’s 10-Q, filed April 30, 2026.

Filed
Apr 30, 2026, 4:31 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0000937098-26-000034
(in millions except per share data)Three Months Ended March 31, 2026Three Months Ended March 31, 2025
Professional service revenues$189$209
Insurance service revenues1,0231,065
Interest income1418
Total revenues1,2261,292
Insurance costs856942
Cost of providing services7071
Sales and marketing6967
General and administrative5946

Item 1.26. Unaudited Condensed Consolidated Financial Statements

FAQ

What is Trinet Group's professional service revenues — service revenues?
Trinet Group (TNET) reported professional service revenues — service revenues of $189M in Q1 2026.
How has Trinet Group's professional service revenues — service revenues changed year-over-year?
Trinet Group's professional service revenues — service revenues decreased by 9.6% year-over-year, from $209M to $189M.
What is the long-term trend for Trinet Group's professional service revenues — service revenues?
Over 4 years (2021 to 2025), Trinet Group's professional service revenues — service revenues has grown at a 3.0% compound annual growth rate (CAGR), from $639M to $719M.
What does professional service revenues — service revenues mean?
This metric represents the revenue generated specifically from professional services provided to clients, excluding pass-through costs such as employee wages and benefits. It reflects the core fee-based income earned by the company for delivering human capital management, compliance, and administrative outsourcing solutions. Growth in this area indicates the company's ability to scale its high-margin service offerings and expand its client base within the professional employer organization model.

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