Trinet (TNET) EBITDA Margin (2013 - 2026)
Trinet (TNET) recorded quarterly EBITDA Margin of 7.1% in Q1 2026, up 8956.12% quarter-over-quarter from 0.08% in Q4 2025, and up 36.0% on a YoY basis from 5.22% in Q1 2025.
Trinet (TNET) EBITDA Margin (2013 - 2026) Analysis & Trends
Trinet's EBITDA Margin history runs 14 years deep, the most recent figure standing at 7.1% for Q1 2026.
- In Q1 2026, EBITDA Margin rose 36.0% year-over-year to 7.1%; the TTM figure through Mar 2026 stood at 3.2% (down 18.0% YoY), while the FY2025 annual figure was 3.15%, down 25.0% from the prior year.
- EBITDA Margin was 7.1% for Q1 2026 at Trinet, up from 0.08% in the prior quarter.
- In the past five years, EBITDA Margin ranged from a high of 11.33% in Q1 2022 to a low of 2.19% in Q4 2024.
- Historically, EBITDA Margin has averaged 5.43% across 5 years, with a median of 6.53% in 2023.
- The sharpest annual moves came in 2024 and 2025: EBITDA Margin tumbled 774 bps in 2024, then soared 211 bps in 2025.
- A 5-year view of EBITDA Margin shows it stood at 3.85% in 2022, then jumped by 44 bps to 5.54% in 2023, then plunged by 140 bps to 2.19% in 2024, then jumped by 96 bps to 0.08% in 2025, then soared by 8956 bps to 7.1% in 2026.
- The last three EBITDA Margin figures came in at 7.1% (Q1 2026), 0.08% (Q4 2025), and 2.76% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Korn Ferry | 3.69 Bn | 2.72 Bn | 724.93 Mn | 12.55% |
| 2 | Robert Half | 3.13 Bn | 2.85 Bn | 479.91 Mn | 2.84% |
| 3 | Trinet | 2.12 Bn | 660.05 Mn | 1.16 Bn | 7.10% |
| 4 | ManpowerGroup | 1.56 Bn | 1.34 Bn | 723.00 Mn | 0.63% |
| 5 | Insperity | 1.38 Bn | 825.54 Mn | 302.00 Mn | 3.27% |
| 6 | Barrett Business Services | 828.03 Mn | 736.15 Mn | 43.19 Mn | 3.26% |
| 7 | Kforce | 777.11 Mn | 775.77 Mn | 90.07 Mn | 3.63% |
| 8 | Kelly Services | 391.13 Mn | 365.53 Mn | 196.40 Mn | -0.49% |
| 9 | TrueBlue | 205.89 Mn | 181.76 Mn | 79.02 Mn | -4.98% |
| 10 | HireQuest | 172.03 Mn | 171.01 Mn | - | 22.63% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 7.10% |
| Dec 31, 2025 | -0.08% |
| Sep 30, 2025 | 2.76% |
| Jun 30, 2025 | 3.07% |
| Mar 31, 2025 | 6.73% |
| Dec 31, 2024 | -2.19% |
| Sep 30, 2024 | 4.15% |
| Jun 30, 2024 | 4.83% |
| Mar 31, 2024 | 6.86% |
| Dec 31, 2023 | 5.54% |
| Sep 30, 2023 | 7.53% |
| Jun 30, 2023 | 6.53% |
| Mar 31, 2023 | 10.75% |
| Dec 31, 2022 | 3.85% |
| Sep 30, 2022 | 6.77% |
| Jun 30, 2022 | 6.83% |
| Mar 31, 2022 | 11.33% |
| Dec 31, 2021 | 5.44% |
| Sep 30, 2021 | 6.53% |
| Jun 30, 2021 | 8.27% |