Trinet (TNET) Free Cash Flow (2013 - 2026)
Trinet's quarterly Free Cash Flow came in at $123.0 million in Q1 2026, up 30.85% year-on-year from $94.0 million in Q1 2025, and up 186.05% quarter-over-quarter from $43.0 million in Q4 2025.
Trinet has reported Free Cash Flow for 14 years, with the latest figure at $123.0 million in Q1 2026.
- For the quarter ending Q1 2026, Free Cash Flow rose 30.85% year-over-year to $123.0 million; the trailing twelve-month figure through Mar 2026 stood at $263.0 million (down 7.07% YoY), and the FY2025 full-year result was $234.0 million, down 15.52% from the prior year.
- Free Cash Flow for Q1 2026 stood at $123.0 million, up from $43.0 million in the prior quarter.
- The five-year high for Free Cash Flow was $580.0 million in Q4 2023, with the low at -$107.0 million in Q3 2023.
- Average Free Cash Flow over 5 years is $94.7 million, with a median of $73.0 million recorded in 2025.
- Year-over-year, Free Cash Flow tumbled 225.93% in 2022 and surged 277.27% in 2023.
- Tracing TNET's Free Cash Flow over 5 years: stood at $372.0 million in 2022, then soared by 55.91% to $580.0 million in 2023, then tumbled by 88.79% to $65.0 million in 2024, then slumped by 33.85% to $43.0 million in 2025, then jumped by 186.05% to $123.0 million in 2026.
- The last three Free Cash Flow figures came in at $123.0 million (Q1 2026), $43.0 million (Q4 2025), and $24.0 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Free Cash Flow (Qtr) |
|---|---|---|---|---|---|
| 1 | Korn Ferry | 3.61 Bn | 2.64 Bn | 724.93 Mn | 211.73 Mn |
| 2 | Robert Half | 2.93 Bn | 2.65 Bn | 479.91 Mn | -120.83 Mn |
| 3 | Trinet | 2.15 Bn | 684.96 Mn | 1.16 Bn | 123.00 Mn |
| 4 | ManpowerGroup | 1.48 Bn | 1.25 Bn | 723.00 Mn | -135.30 Mn |
| 5 | Insperity | 1.31 Bn | 754.86 Mn | 302.00 Mn | -73.00 Mn |
| 6 | Barrett Business Services | 814.51 Mn | 722.64 Mn | 43.19 Mn | -27.81 Mn |
| 7 | Kforce | 805.03 Mn | 803.69 Mn | 90.07 Mn | -7.40 Mn |
| 8 | Kelly Services | 399.73 Mn | 374.13 Mn | 196.40 Mn | -26.50 Mn |
| 9 | TrueBlue | 187.20 Mn | 163.07 Mn | 79.02 Mn | -12.61 Mn |
| 10 | HireQuest | 182.43 Mn | 181.41 Mn | - | 259,000.00 |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 123.00 Mn |
| Mar 31, 2026 | 123.00 Mn |
| Dec 31, 2025 | 43.00 Mn |
| Dec 31, 2025 | 43.00 Mn |
| Sep 30, 2025 | 24.00 Mn |
| Sep 30, 2025 | 24.00 Mn |
| Jun 30, 2025 | 73.00 Mn |
| Jun 30, 2025 | 73.00 Mn |
| Mar 31, 2025 | 94.00 Mn |
| Mar 31, 2025 | 94.00 Mn |
| Dec 31, 2024 | 65.00 Mn |
| Dec 31, 2024 | 65.00 Mn |
| Sep 30, 2024 | 84.00 Mn |
| Sep 30, 2024 | 84.00 Mn |
| Jun 30, 2024 | 40.00 Mn |
| Jun 30, 2024 | 40.00 Mn |
| Mar 31, 2024 | 88.00 Mn |
| Mar 31, 2024 | 88.00 Mn |
| Dec 31, 2023 | 580.00 Mn |
| Dec 31, 2023 | 580.00 Mn |
| Sep 30, 2023 | -107.00 Mn |
| Sep 30, 2023 | -107.00 Mn |
| Jun 30, 2023 | 156.00 Mn |
| Jun 30, 2023 | 156.00 Mn |
| Mar 31, 2023 | -94.00 Mn |
| Mar 31, 2023 | -94.00 Mn |
| Dec 31, 2022 | 372.00 Mn |
| Dec 31, 2022 | 372.00 Mn |
| Sep 30, 2022 | -53.00 Mn |
| Sep 30, 2022 | -53.00 Mn |
| Jun 30, 2022 | -88.00 Mn |
| Jun 30, 2022 | -88.00 Mn |
| Mar 31, 2022 | 210.00 Mn |
| Mar 31, 2022 | 210.00 Mn |
| Dec 31, 2021 | 234.00 Mn |
| Dec 31, 2021 | 234.00 Mn |
| Sep 30, 2021 | 188.00 Mn |
| Sep 30, 2021 | 188.00 Mn |
| Jun 30, 2021 | -27.00 Mn |
| Jun 30, 2021 | -27.00 Mn |
| Mar 31, 2021 | -180.00 Mn |
| Mar 31, 2021 | -180.00 Mn |
| Dec 31, 2020 | 551.00 Mn |
| Dec 31, 2020 | 551.00 Mn |
| Sep 30, 2020 | 91.00 Mn |
| Sep 30, 2020 | 91.00 Mn |
| Jun 30, 2020 | 156.00 Mn |
| Jun 30, 2020 | 156.00 Mn |
| Mar 31, 2020 | -288.00 Mn |
| Mar 31, 2020 | -288.00 Mn |
| Dec 31, 2019 | 641.00 Mn |
| Dec 31, 2019 | 641.00 Mn |
| Sep 30, 2019 | -45.00 Mn |
| Sep 30, 2019 | -45.00 Mn |
| Jun 30, 2019 | -16.00 Mn |
| Jun 30, 2019 | -16.00 Mn |
| Mar 31, 2019 | -154.00 Mn |
| Mar 31, 2019 | -154.00 Mn |
| Dec 31, 2018 | 371.00 Mn |
| Dec 31, 2018 | 371.00 Mn |
| Sep 30, 2018 | 91.00 Mn |
| Sep 30, 2018 | 91.00 Mn |
| Jun 30, 2018 | -31.00 Mn |
| Jun 30, 2018 | -31.00 Mn |
| Mar 31, 2018 | -538.00 Mn |
| Mar 31, 2018 | -538.00 Mn |
| Dec 31, 2017 | 738.00 Mn |
| Dec 31, 2017 | 738.00 Mn |
| Sep 30, 2017 | 36.00 Mn |
| Sep 30, 2017 | 36.00 Mn |
| Jun 30, 2017 | -34.00 Mn |
| Jun 30, 2017 | -34.00 Mn |
| Mar 31, 2017 | -172.00 Mn |
| Mar 31, 2017 | -172.00 Mn |
| Dec 31, 2016 | 72.66 Mn |
| Dec 31, 2016 | 72.66 Mn |
| Sep 30, 2016 | 52.38 Mn |
| Sep 30, 2016 | 52.38 Mn |
| Jun 30, 2016 | -12.04 Mn |
| Jun 30, 2016 | -12.04 Mn |
| Mar 31, 2016 | 39.00 Mn |
| Mar 31, 2016 | 39.00 Mn |
| Dec 31, 2015 | 42.23 Mn |
| Dec 31, 2015 | 42.23 Mn |
| Sep 30, 2015 | 54.95 Mn |
| Sep 30, 2015 | 54.95 Mn |
| Jun 30, 2015 | 25.36 Mn |
| Jun 30, 2015 | 25.36 Mn |
| Mar 31, 2015 | 9.47 Mn |
| Mar 31, 2015 | 9.47 Mn |
| Dec 31, 2014 | 50.03 Mn |
| Dec 31, 2014 | 50.03 Mn |
| Sep 30, 2014 | 31.63 Mn |
| Sep 30, 2014 | 31.63 Mn |
| Jun 30, 2014 | 24.41 Mn |
| Jun 30, 2014 | 24.41 Mn |
| Mar 31, 2014 | 25.27 Mn |
| Mar 31, 2014 | 25.27 Mn |
| Dec 31, 2013 | 43.65 Mn |
| Dec 31, 2013 | 43.65 Mn |
| Sep 30, 2013 | -135,000.00 |
| Sep 30, 2013 | -135,000.00 |
| Jun 30, 2013 | 20.23 Mn |
| Jun 30, 2013 | 20.23 Mn |
| Mar 31, 2013 | 35.67 Mn |
| Mar 31, 2013 | 35.67 Mn |