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
$94.69Market Cap
$4.69 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, Continuing | $34.00 Million |
| Net Cash Flow From Financing Activities, Continuing | $-240.00 Million |
| Net Cash Flow From Operating Activities, Continuing | $312.00 Million |
| Net Cash Flow | $34.00 Million |
| Net Cash Flow From Financing Activities | $-240.00 Million |
| Net Cash Flow From Investing Activities | $-38.00 Million |
| Net Cash Flow From Operating Activities | $312.00 Million |
| Net Cash Flow From Investing Activities, Continuing | $-38.00 Million |
Income Statement
October 1, 2023 to September 30, 2024
| Metric | Value |
|---|---|
| Net Income/Loss Attributable To Noncontrolling Interest | $0.00 |
| Diluted Average Shares | $49.00 Million |
| Income Tax Expense/Benefit | $85.00 Million |
| Research and Development | $68.00 Million |
| Operating Expenses | $4.62 Billion |
| Operating Income/Loss | $348.00 Million |
| Income/Loss From Continuing Operations Before Tax | $348.00 Million |
| Diluted Earnings Per Share | $5.23 |
| Revenues | $4.97 Billion |
| Income/Loss From Continuing Operations After Tax | $263.00 Million |
| Costs And Expenses | $4.62 Billion |
| Net Income/Loss Available To Common Stockholders, Basic | $263.00 Million |
| Participating Securities, Distributed And Undistributed Earnings/Loss, Basic | $0.00 |
| Preferred Stock Dividends And Other Adjustments | $0.00 |
| Net Income/Loss | $263.00 Million |
| Basic Earnings Per Share | $5.29 |
| Income Tax Expense/Benefit, Deferred | $7.00 Million |
| Basic Average Shares | $48.00 Million |
| Benefits Costs and Expenses | $4.62 Billion |
| Net Income/Loss Attributable To Parent | $263.00 Million |
| Other Operating Expenses | $4.56 Billion |
Balance Sheet
October 1, 2023 to September 30, 2024
| Metric | Value |
|---|---|
| Noncurrent Assets | $1.12 Billion |
| Equity | $129.00 Million |
| Current Liabilities | $2.44 Billion |
| Equity Attributable To Noncontrolling Interest | $0.00 |
| Current Assets | $2.60 Billion |
| Noncurrent Liabilities | $1.16 Billion |
| Other Current Assets | $2.54 Billion |
| Prepaid Expenses | $64.00 Million |
| Liabilities | $3.60 Billion |
| Intangible Assets | $179.00 Million |
| Liabilities And Equity | $3.73 Billion |
| Equity Attributable To Parent | $129.00 Million |
| Assets | $3.73 Billion |
| Fixed Assets | $14.00 Million |
| Other Non-current Assets | $931.00 Million |
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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