Trinet (TNET) Cost of Revenue (2013 - 2026)
Trinet (TNET) recorded quarterly Cost of Revenue of $69.0 million in Q1 2026, up 4.55% quarter-over-quarter from $66.0 million in Q4 2025, and up 2.99% on a YoY basis from $67.0 million in Q1 2025.
Trinet (TNET) Cost of Revenue (2013 - 2026) Analysis & Trends
Trinet's Cost of Revenue history runs 14 years deep, the most recent figure standing at $69.0 million for Q1 2026.
- In Q1 2026, Cost of Revenue rose 2.99% year-over-year to $69.0 million; the TTM figure through Mar 2026 stood at $271.0 million (down 4.58% YoY), while the FY2025 annual figure was $269.0 million, down 6.92% from the prior year.
- Cost of Revenue was $69.0 million for Q1 2026 at Trinet, up from $66.0 million in the prior quarter.
- In the past five years, Cost of Revenue ranged from a high of $75.0 million in Q3 2023 to a low of $45.0 million in Q1 2022.
- Historically, Cost of Revenue has averaged $67.9 million across 5 years, with a median of $69.0 million in 2023.
- The sharpest annual moves came in 2023 and 2025: Cost of Revenue jumped 53.33% in 2023, then dropped 8.11% in 2025.
- A 5-year view of Cost of Revenue shows it stood at $63.0 million in 2022, then rose by 12.7% to $71.0 million in 2023, then changed by 0.0% to $71.0 million in 2024, then fell by 7.04% to $66.0 million in 2025, then rose by 4.55% to $69.0 million in 2026.
- The last three Cost of Revenue figures came in at $69.0 million (Q1 2026), $66.0 million (Q4 2025), and $68.0 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Korn Ferry | 3.69 Bn | 2.72 Bn | 724.93 Mn | 111,000.00 |
| 2 | Robert Half | 3.13 Bn | 2.85 Bn | 479.91 Mn | 820.27 Mn |
| 3 | Trinet | 2.12 Bn | 660.05 Mn | 1.16 Bn | 69.00 Mn |
| 4 | ManpowerGroup | 1.56 Bn | 1.34 Bn | 723.00 Mn | 3.79 Bn |
| 5 | Insperity | 1.38 Bn | 825.54 Mn | 302.00 Mn | 1.59 Bn |
| 6 | Barrett Business Services | 828.03 Mn | 736.15 Mn | 43.19 Mn | 263.82 Mn |
| 7 | Kforce | 777.11 Mn | 775.77 Mn | 90.07 Mn | 240.30 Mn |
| 8 | Kelly Services | 391.13 Mn | 365.53 Mn | 196.40 Mn | 844.30 Mn |
| 9 | TrueBlue | 205.89 Mn | 181.76 Mn | 79.02 Mn | 319.55 Mn |
| 10 | HireQuest | 172.03 Mn | 171.01 Mn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 69.00 Mn |
| Mar 31, 2026 | 69.00 Mn |
| Dec 31, 2025 | 66.00 Mn |
| Dec 31, 2025 | 66.00 Mn |
| Sep 30, 2025 | 68.00 Mn |
| Sep 30, 2025 | 68.00 Mn |
| Jun 30, 2025 | 68.00 Mn |
| Jun 30, 2025 | 68.00 Mn |
| Mar 31, 2025 | 67.00 Mn |
| Mar 31, 2025 | 67.00 Mn |
| Dec 31, 2024 | 71.00 Mn |
| Dec 31, 2024 | 71.00 Mn |
| Sep 30, 2024 | 74.00 Mn |
| Sep 30, 2024 | 74.00 Mn |
| Jun 30, 2024 | 72.00 Mn |
| Jun 30, 2024 | 72.00 Mn |
| Mar 31, 2024 | 72.00 Mn |
| Mar 31, 2024 | 72.00 Mn |
| Dec 31, 2023 | 71.00 Mn |
| Dec 31, 2023 | 71.00 Mn |