TRINET GROUP, INC. (TNET)
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About
Business overview of TRINET GROUP, INC. (TNET)
TriNet offers outsourced payroll and human capital management solutions for small and midsize businesses via a professional employer organization model. Under the PEO model, TriNet enters a co-employment arrangement and acts as the employer of record for administrative and regulatory purposes for clients' employees, known as worksite employees. Clients leverage the scale and expertise of TriNet to access competitive employee benefits, share employment risk liability, access compliance support, and outsource mission-critical day-to-day HR functions such as payroll and tax administration. Following the acquisition of Zenefits and Clarus R+D in 2022, TriNet derives the minority of its revenue from self-service HCM software and R&D tax credit services.
Key Insights
Critical company metrics and information
Share Price
$93.90Market Cap
$4.66 BillionTotal Outstanding Shares
49.58 Million SharesTotal Employees
5,400Dividend
$0.25 Per Share QuarterlyIPO Date
March 27, 2014SIC Description
Services-business Services, NecHomepage
https://www.trinet.com
Historical Stock Splits
Execution Date | Split Amount |
---|---|
No Historical Stock Splits |
Cash Flow Statement
October 1, 2023 to September 30, 2024
Metric | Value |
---|---|
Net Cash Flow From Financing Activities | $-240.00 Million |
Net Cash Flow | $34.00 Million |
Net Cash Flow From Investing Activities | $-38.00 Million |
Net Cash Flow From Operating Activities | $312.00 Million |
Net Cash Flow, Continuing | $34.00 Million |
Net Cash Flow From Investing Activities, Continuing | $-38.00 Million |
Net Cash Flow From Financing Activities, Continuing | $-240.00 Million |
Net Cash Flow From Operating Activities, Continuing | $312.00 Million |
Income Statement
October 1, 2023 to September 30, 2024
Metric | Value |
---|---|
Participating Securities, Distributed And Undistributed Earnings/Loss, Basic | $0.00 |
Benefits Costs and Expenses | $4.62 Billion |
Income Tax Expense/Benefit, Deferred | $7.00 Million |
Other Operating Expenses | $4.56 Billion |
Income/Loss From Continuing Operations After Tax | $263.00 Million |
Diluted Average Shares | $49.00 Million |
Preferred Stock Dividends And Other Adjustments | $0.00 |
Basic Earnings Per Share | $5.29 |
Costs And Expenses | $4.62 Billion |
Income Tax Expense/Benefit | $85.00 Million |
Revenues | $4.97 Billion |
Basic Average Shares | $48.00 Million |
Research and Development | $68.00 Million |
Operating Income/Loss | $348.00 Million |
Operating Expenses | $4.62 Billion |
Net Income/Loss | $263.00 Million |
Net Income/Loss Attributable To Noncontrolling Interest | $0.00 |
Diluted Earnings Per Share | $5.23 |
Income/Loss From Continuing Operations Before Tax | $348.00 Million |
Net Income/Loss Available To Common Stockholders, Basic | $263.00 Million |
Net Income/Loss Attributable To Parent | $263.00 Million |
Balance Sheet
October 1, 2023 to September 30, 2024
Metric | Value |
---|---|
Fixed Assets | $14.00 Million |
Liabilities | $3.60 Billion |
Intangible Assets | $179.00 Million |
Equity Attributable To Noncontrolling Interest | $0.00 |
Noncurrent Assets | $1.12 Billion |
Assets | $3.73 Billion |
Other Current Assets | $2.54 Billion |
Equity Attributable To Parent | $129.00 Million |
Current Liabilities | $2.44 Billion |
Current Assets | $2.60 Billion |
Noncurrent Liabilities | $1.16 Billion |
Prepaid Expenses | $64.00 Million |
Equity | $129.00 Million |
Other Non-current Assets | $931.00 Million |
Liabilities And Equity | $3.73 Billion |
Historical Dividends
Current dividend: $0.25 Per Share Quarterly
Announcement Date | Payment Date | Record Date | Amount | Frequency |
---|---|---|---|---|
Sep 18, 2024 | Oct 28, 2024 | Oct 1, 2024 | $0.25 | Quarterly |
Jun 24, 2024 | Jul 22, 2024 | Jul 1, 2024 | $0.25 | Quarterly |
Feb 15, 2024 | Apr 22, 2024 | Apr 1, 2024 | $0.25 | Quarterly |
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