Trinet (TNET) Gross Margin (2013 - 2026)
Trinet's quarterly Gross Margin came in at 94.37% in Q1 2026, down 44.0% year-on-year from 168.52% in Q1 2025, and little changed quarter-over-quarter from 94.71% in Q4 2025.
Trinet has reported Gross Margin for 14 years, with the latest figure at 94.37% in Q1 2026.
- For the quarter ending Q1 2026, Gross Margin fell 44.0% year-over-year to 94.37%; the trailing twelve-month figure through Mar 2026 stood at 94.52% (up 13.0% YoY), and the FY2025 full-year result was 94.63%, up 35.0% from the prior year.
- Gross Margin for Q1 2026 stood at 94.37%, roughly flat from 94.71% in the prior quarter.
- The five-year high for Gross Margin was 96.31% in Q1 2022, with the low at 93.86% in Q3 2023.
- Average Gross Margin over 5 years is 94.56%, with a median of 94.46% recorded in 2023.
- Year-over-year, Gross Margin surged 65 bps in 2022 and plunged 184 bps in 2023.
- Tracing TNET's Gross Margin over 5 years: stood at 94.95% in 2022, then fell by 0 bps to 94.61% in 2023, then declined by 0 bps to 94.44% in 2024, then climbed by 0 bps to 94.71% in 2025, then retreated by 0 bps to 94.37% in 2026.
- The last three Gross Margin figures came in at 94.37% (Q1 2026), 94.71% (Q4 2025), and 94.48% (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Korn Ferry | 3.61 Bn | 2.64 Bn | 724.93 Mn | 99.98% |
| 2 | Robert Half | 2.93 Bn | 2.65 Bn | 479.91 Mn | 36.91% |
| 3 | Trinet | 2.15 Bn | 684.96 Mn | 1.16 Bn | 94.37% |
| 4 | ManpowerGroup | 1.48 Bn | 1.25 Bn | 723.00 Mn | 16.03% |
| 5 | Insperity | 1.31 Bn | 754.86 Mn | 302.00 Mn | 15.94% |
| 6 | Barrett Business Services | 814.51 Mn | 722.64 Mn | 43.19 Mn | 14.07% |
| 7 | Kforce | 805.03 Mn | 803.69 Mn | 90.07 Mn | 27.26% |
| 8 | Kelly Services | 399.73 Mn | 374.13 Mn | 196.40 Mn | 18.87% |
| 9 | TrueBlue | 187.20 Mn | 163.07 Mn | 79.02 Mn | 19.83% |
| 10 | HireQuest | 182.43 Mn | 181.41 Mn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 94.37% |
| Dec 31, 2025 | 94.71% |
| Sep 30, 2025 | 94.48% |
| Jun 30, 2025 | 94.51% |
| Mar 31, 2025 | 94.81% |
| Dec 31, 2024 | 94.44% |
| Sep 30, 2024 | 94.09% |
| Jun 30, 2024 | 94.21% |
| Mar 31, 2024 | 94.38% |
| Dec 31, 2023 | 94.61% |
| Sep 30, 2023 | 93.86% |
| Jun 30, 2023 | 94.21% |
| Mar 31, 2023 | 94.46% |
| Dec 31, 2022 | 94.95% |
| Sep 30, 2022 | 94.20% |
| Jun 30, 2022 | 94.83% |
| Mar 31, 2022 | 96.31% |
| Dec 31, 2021 | 95.54% |
| Sep 30, 2021 | 95.12% |
| Jun 30, 2021 | 95.91% |
| Mar 31, 2021 | 95.66% |
| Dec 31, 2020 | 95.30% |
| Sep 30, 2020 | 95.38% |
| Jun 30, 2020 | 95.25% |
| Mar 31, 2020 | 95.61% |
| Dec 31, 2019 | 95.58% |
| Sep 30, 2019 | 95.15% |
| Jun 30, 2019 | 94.44% |
| Mar 31, 2019 | 95.07% |
| Dec 31, 2018 | 94.55% |
| Sep 30, 2018 | 94.06% |
| Jun 30, 2018 | 94.00% |
| Mar 31, 2018 | 93.38% |
| Dec 31, 2017 | 96.46% |
| Sep 30, 2017 | 94.62% |
| Jun 30, 2017 | 93.63% |
| Mar 31, 2017 | 93.94% |
| Dec 31, 2016 | 95.07% |
| Sep 30, 2016 | 93.49% |
| Jun 30, 2016 | 94.13% |
| Mar 31, 2016 | 93.35% |
| Dec 31, 2015 | 94.04% |
| Sep 30, 2015 | 93.26% |
| Jun 30, 2015 | 94.11% |
| Mar 31, 2015 | 93.99% |
| Dec 31, 2014 | 94.07% |
| Sep 30, 2014 | 94.14% |
| Jun 30, 2014 | 93.52% |
| Mar 31, 2014 | 93.74% |
| Dec 31, 2013 | 93.81% |
| Sep 30, 2013 | 93.85% |
| Jun 30, 2013 | 93.01% |
| Mar 31, 2013 | 93.50% |