TRINET GROUP, INC. (TNET) Form 8-K — Oct 29, 2026
TriNet Group announced Q3 2026 results with total revenues down 5% YoY to $1.2 billion and net income of $31 million ($0.65 diluted EPS), versus $34 million ($0.70) a year ago. Adjusted Net Income fell to $0.94 per diluted share from $1.11, and total Worksite Employees declined 11% to about 295,000. Despite the softer top line, management said earnings exceeded its forecast, customer retention improved, and new sales returned to year-over-year growth. TriNet reaffirmed full-year 2026 guidance and now expects to deliver diluted EPS at the high end of its $2.85-$3.35 range, with Adjusted EPS of $4.50-$5.10.
Key figures
- Eps
- 0.65
- Revenue
- 1175
- Guidance
- Reaffirmed FY2026 guidance, now expects diluted EPS at high end of $2.85-$3.35 range; Adjusted Net Income per share $4.50-$5.10; Total revenues $4,750-$4,900 million
- Net Income
- 31000000
- Total Debt
- 896000000
- Revenue Yoy
- -5%
- Total Assets
- 3393000000
- Cash Position
- 328000000
- Shares Outstanding
- 47 million diluted (Q3 weighted average)
- Total wses
- 295,494, down 11% YoY
- Free cash flow q3
- $53 million (operating cash flow $80 million, up 11%)
- Adjusted ebitda q3
- $89 million, 7.6% margin vs $100 million, 8.2% prior year
- Nine month net income
- $173 million, up 11%
- Adjusted net income q3
- $44 million ($0.94/diluted share) vs $55 million ($1.11) prior year
- Insurance cost ratio q3
- 89% vs 90% prior year
- Nine month free cash flow
- $243 million, up 27%
- Professional service revenues q3
- $157 million, down 7%
AI analysis
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