TriNet Group, Inc. (TNET)

TriNet Group Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	4,989	4,922	4,885	4,540	4,034
Revenue Growth (YoY)	1.36%	0.76%	7.60%	12.54%	4.62%
Cost of Revenue	4,101	3,820	3,766	3,603	3,241
Gross Profit	888	1,102	1,119	937	793
Selling, General & Admin	497	479	446	378	338
Research & Development	68	65	73	50	40
Operating Expenses	640	616	583	475	425
Operating Income	248	486	536	462	368
Interest Expense	-62	-40	-22	-20	-21
Interest & Investment Income	64	72	22	6	10
EBT Excluding Unusual Items	250	518	536	448	357
Merger & Restructuring Charges	-24	-17	-37	-	-
Gain (Loss) on Sale of Investments	-	-	-17	-	-
Asset Writedown	-	-	-	-7	-
Pretax Income	226	501	482	441	357
Income Tax Expense	53	126	127	103	85
Net Income	173	375	355	338	272
Net Income to Common	173	375	355	338	272
Net Income Growth	-53.87%	5.63%	5.03%	24.27%	28.30%
Shares Outstanding (Basic)	50	57	63	66	67
Shares Outstanding (Diluted)	50	57	64	67	68
Shares Change (YoY)	-12.28%	-10.94%	-4.48%	-1.47%	-4.23%
EPS (Basic)	3.46	6.58	5.63	5.12	4.06
EPS (Diluted)	3.43	6.56	5.61	5.07	3.99
EPS Growth	-47.71%	16.93%	10.65%	27.07%	33.45%
Free Cash Flow	201	464	441	178	510
Free Cash Flow Per Share	4.02	8.14	6.89	2.66	7.50
Dividend Per Share	1.000	-	-	-	-
Gross Margin	17.80%	22.39%	22.91%	20.64%	19.66%
Operating Margin	4.97%	9.87%	10.97%	10.18%	9.12%
Profit Margin	3.47%	7.62%	7.27%	7.45%	6.74%
Free Cash Flow Margin	4.03%	9.43%	9.03%	3.92%	12.64%
EBITDA	282	525	575	492	404
EBITDA Margin	5.65%	10.67%	11.77%	10.84%	10.02%
D&A For EBITDA	34	39	39	30	36
EBIT	248	486	536	462	368
EBIT Margin	4.97%	9.87%	10.97%	10.18%	9.12%
Effective Tax Rate	23.45%	25.15%	26.35%	23.36%	23.81%
Revenue as Reported	5,053	4,994	4,907	4,540	4,034
Advertising Expenses	20	37	29	21	19

Updated Feb 13, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q