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TriNet Announces Third Quarter 2026 Results and Now Expects to Deliver Earnings at the Top End of Earnings per Share Guidance Range

TNET
  • TriNet Group, Inc. reported third-quarter 2026 financial results for the period ended September 30, 2026.
  • Total revenues decreased 5% to $1.2 billion compared to the same period last year.
  • Professional service revenues decreased 7% to $157 million compared to the same period last year.
  • Net income was $31 million, or $0.65 per diluted share, compared to $34 million, or $0.70 per diluted share, in the prior year period.
  • Adjusted Net Income was $44 million, or $0.94 per diluted share, compared to $55 million, or $1.11 per diluted share, in the prior year period.
  • Adjusted EBITDA was $89 million with a margin of 7.6%, compared to $100 million with a margin of 8.2% in the prior year period.
  • Total Worksite Employees decreased 11% year-over-year to approximately 295,000.
  • Net cash provided by operating activities increased 11% to $80 million for the quarter, generating $53 million in Free Cash Flow.
  • The company reaffirmed its full-year 2026 guidance, expecting to achieve earnings at the high end of the diluted net income per share range ($2.85 to $3.35).
  • Full-year 2026 guidance includes total revenues between $4.75 billion and $4.90 billion, and an Adjusted EBITDA margin between 8.5% and 9.0%.
  • The company is implementing growth initiatives including the broker channel, expanded sales investments, and new solutions such as TriNet Leave, TriNet Recruit, and TriNet Spend.
  • TriNet anticipates filing its Quarterly Report on Form 10-Q with the SEC around October 29, 2026.
  • An earnings conference call was hosted at 5:30 a.m. PT to discuss the third-quarter results with available webcast and telephonic replay options.