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
DateValue
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