Trinet (TNET) Cost of Revenue (2013 - 2026)
Trinet's quarterly Cost of Revenue came in at $69.0 million in Q1 2026, up 2.99% year-on-year from $67.0 million in Q1 2025, and up 4.55% quarter-over-quarter from $66.0 million in Q4 2025.
Trinet has reported Cost of Revenue for 14 years, with the latest figure at $69.0 million in Q1 2026.
- For the quarter ending Q1 2026, Cost of Revenue rose 2.99% year-over-year to $69.0 million; the trailing twelve-month figure through Mar 2026 stood at $271.0 million (down 4.58% YoY), and the FY2025 full-year result was $269.0 million, down 6.92% from the prior year.
- Cost of Revenue for Q1 2026 stood at $69.0 million, up from $66.0 million in the prior quarter.
- The five-year high for Cost of Revenue was $75.0 million in Q3 2023, with the low at $45.0 million in Q1 2022.
- Average Cost of Revenue over 5 years is $67.9 million, with a median of $69.0 million recorded in 2023.
- Year-over-year, Cost of Revenue soared 53.33% in 2023 and fell 8.11% in 2025.
- Tracing TNET's Cost of Revenue over 5 years: stood at $63.0 million in 2022, then gained by 12.7% to $71.0 million in 2023, then changed by 0.0% to $71.0 million in 2024, then retreated by 7.04% to $66.0 million in 2025, then gained 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 | 3.61 Bn | 2.64 Bn | 724.93 Mn | 111,000.00 |
| 2 | Robert Half | 2.93 Bn | 2.65 Bn | 479.91 Mn | 820.27 Mn |
| 3 | Trinet | 2.15 Bn | 684.96 Mn | 1.16 Bn | 69.00 Mn |
| 4 | ManpowerGroup | 1.48 Bn | 1.25 Bn | 723.00 Mn | 3.79 Bn |
| 5 | Insperity | 1.31 Bn | 754.86 Mn | 302.00 Mn | 1.59 Bn |
| 6 | Barrett Business Services | 814.51 Mn | 722.64 Mn | 43.19 Mn | 263.82 Mn |
| 7 | Kforce | 805.03 Mn | 803.69 Mn | 90.07 Mn | 240.30 Mn |
| 8 | Kelly Services | 399.73 Mn | 374.13 Mn | 196.40 Mn | 844.30 Mn |
| 9 | TrueBlue | 187.20 Mn | 163.07 Mn | 79.02 Mn | 319.55 Mn |
| 10 | HireQuest | 182.43 Mn | 181.41 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 |
| Sep 30, 2023 | 75.00 Mn |
| Sep 30, 2023 | 75.00 Mn |
| Jun 30, 2023 | 70.00 Mn |
| Jun 30, 2023 | 70.00 Mn |
| Mar 31, 2023 | 69.00 Mn |
| Mar 31, 2023 | 69.00 Mn |
| Dec 31, 2022 | 63.00 Mn |
| Dec 31, 2022 | 63.00 Mn |
| Sep 30, 2022 | 72.00 Mn |
| Sep 30, 2022 | 72.00 Mn |
| Jun 30, 2022 | 62.00 Mn |
| Jun 30, 2022 | 62.00 Mn |
| Mar 31, 2022 | 45.00 Mn |
| Mar 31, 2022 | 45.00 Mn |
| Dec 31, 2021 | 55.00 Mn |
| Dec 31, 2021 | 55.00 Mn |
| Sep 30, 2021 | 56.00 Mn |
| Sep 30, 2021 | 56.00 Mn |
| Jun 30, 2021 | 45.00 Mn |
| Jun 30, 2021 | 45.00 Mn |
| Mar 31, 2021 | 46.00 Mn |
| Mar 31, 2021 | 46.00 Mn |
| Dec 31, 2020 | 50.00 Mn |
| Dec 31, 2020 | 50.00 Mn |
| Sep 30, 2020 | 45.00 Mn |
| Sep 30, 2020 | 45.00 Mn |
| Jun 30, 2020 | 45.00 Mn |
| Jun 30, 2020 | 45.00 Mn |
| Mar 31, 2020 | 46.00 Mn |
| Mar 31, 2020 | 46.00 Mn |
| Dec 31, 2019 | 45.00 Mn |
| Dec 31, 2019 | 45.00 Mn |
| Sep 30, 2019 | 47.00 Mn |
| Sep 30, 2019 | 47.00 Mn |
| Jun 30, 2019 | 52.00 Mn |
| Jun 30, 2019 | 52.00 Mn |
| Mar 31, 2019 | 46.00 Mn |
| Mar 31, 2019 | 46.00 Mn |
| Dec 31, 2018 | 50.00 Mn |
| Dec 31, 2018 | 50.00 Mn |
| Sep 30, 2018 | 52.00 Mn |
| Sep 30, 2018 | 52.00 Mn |
| Jun 30, 2018 | 51.00 Mn |
| Jun 30, 2018 | 51.00 Mn |
| Mar 31, 2018 | 57.00 Mn |
| Mar 31, 2018 | 57.00 Mn |
| Dec 31, 2017 | 30.00 Mn |
| Dec 31, 2017 | 30.00 Mn |
| Sep 30, 2017 | 44.00 Mn |
| Sep 30, 2017 | 44.00 Mn |
| Jun 30, 2017 | 51.00 Mn |
| Jun 30, 2017 | 51.00 Mn |
| Mar 31, 2017 | 49.00 Mn |
| Mar 31, 2017 | 49.00 Mn |
| Dec 31, 2016 | 40.02 Mn |
| Dec 31, 2016 | 40.02 Mn |
| Sep 30, 2016 | 50.14 Mn |
| Sep 30, 2016 | 50.14 Mn |
| Jun 30, 2016 | 43.80 Mn |
| Jun 30, 2016 | 43.80 Mn |
| Mar 31, 2016 | 48.71 Mn |
| Mar 31, 2016 | 48.71 Mn |
| Dec 31, 2015 | 43.26 Mn |
| Dec 31, 2015 | 43.26 Mn |
| Sep 30, 2015 | 45.00 Mn |
| Sep 30, 2015 | 45.00 Mn |
| Jun 30, 2015 | 37.67 Mn |
| Jun 30, 2015 | 37.67 Mn |
| Mar 31, 2015 | 37.62 Mn |
| Mar 31, 2015 | 37.62 Mn |
| Dec 31, 2014 | 35.77 Mn |
| Dec 31, 2014 | 35.77 Mn |
| Sep 30, 2014 | 32.58 Mn |
| Sep 30, 2014 | 32.58 Mn |
| Jun 30, 2014 | 34.03 Mn |
| Jun 30, 2014 | 34.03 Mn |
| Mar 31, 2014 | 31.84 Mn |
| Mar 31, 2014 | 31.84 Mn |
| Dec 31, 2013 | 29.80 Mn |
| Dec 31, 2013 | 29.80 Mn |
| Sep 30, 2013 | 27.56 Mn |
| Sep 30, 2013 | 27.56 Mn |
| Jun 30, 2013 | 25.39 Mn |
| Jun 30, 2013 | 25.39 Mn |
| Mar 31, 2013 | 22.82 Mn |
| Mar 31, 2013 | 22.82 Mn |