Trinet (TNET) Interest & Investment Income (2018 - 2024)
Trinet (TNET) recorded quarterly Interest & Investment Income of $15.0 million in Q3 2024, down 11.76% quarter-over-quarter from $17.0 million in Q2 2024, and down 16.67% on a YoY basis from $18.0 million in Q4 2023.
Trinet (TNET) Interest & Investment Income (2018 - 2024) Analysis & Trends
Trinet's Interest & Investment Income history runs 7 years deep, the most recent figure standing at $15.0 million for Q3 2024.
- In Q3 2024, Interest & Investment Income fell 16.67% year-over-year to $15.0 million; the TTM figure through Sep 2024 stood at $65.0 million (down 7.14% YoY), while the FY2023 annual figure was $72.0 million, up 227.27% from the prior year.
- Interest & Investment Income was $15.0 million for Q3 2024 at Trinet, down from $17.0 million in the prior quarter.
- In the past five years, Interest & Investment Income ranged from a high of $20.0 million in Q2 2023 to a low of $1.0 million in Q4 2020.
- Historically, Interest & Investment Income has averaged $8.8 million across 5 years, with a median of $5.0 million in 2020.
- The sharpest annual moves came in 2020 and 2023: Interest & Investment Income slumped 80.0% in 2020, then soared 1700.0% in 2023.
- A 5-year view of Interest & Investment Income shows it stood at $1.0 million in 2020, then soared by 200.0% to $3.0 million in 2021, then surged by 366.67% to $14.0 million in 2022, then rose by 7.14% to $15.0 million in 2023, then changed by 0.0% to $15.0 million in 2024.
- The last three Interest & Investment Income figures came in at $15.0 million (Q3 2024), $17.0 million (Q2 2024), and $18.0 million (Q1 2024), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Int & Inv Inc (Qtr) |
|---|---|---|---|---|---|
| 1 | Korn Ferry | 3.69 Bn | 2.72 Bn | 724.93 Mn | -5.66 Mn |
| 2 | Robert Half | 3.13 Bn | 2.85 Bn | 479.91 Mn | - |
| 3 | Trinet | 2.12 Bn | 660.05 Mn | 1.16 Bn | - |
| 4 | ManpowerGroup | 1.56 Bn | 1.34 Bn | 723.00 Mn | 6.10 Mn |
| 5 | Insperity | 1.38 Bn | 825.54 Mn | 302.00 Mn | 7.00 Mn |
| 6 | Barrett Business Services | 828.03 Mn | 736.15 Mn | 43.19 Mn | 2.02 Mn |
| 7 | Kforce | 777.11 Mn | 775.77 Mn | 90.07 Mn | - |
| 8 | Kelly Services | 391.13 Mn | 365.53 Mn | 196.40 Mn | - |
| 9 | TrueBlue | 205.89 Mn | 181.76 Mn | 79.02 Mn | - |
| 10 | HireQuest | 172.03 Mn | 171.01 Mn | - | 101,000.00 |
Historic Data
Download Data| Date | Value |
|---|---|
| Sep 30, 2024 | 15.00 Mn |
| Jun 30, 2024 | 17.00 Mn |
| Mar 31, 2024 | 18.00 Mn |
| Dec 31, 2023 | 15.00 Mn |
| Sep 30, 2023 | 18.00 Mn |
| Jun 30, 2023 | 20.00 Mn |
| Mar 31, 2023 | 18.00 Mn |
| Dec 31, 2022 | 14.00 Mn |
| Sep 30, 2022 | 5.00 Mn |
| Jun 30, 2022 | 2.00 Mn |
| Mar 31, 2022 | 1.00 Mn |
| Sep 30, 2021 | 3.00 Mn |
| Jun 30, 2021 | 1.00 Mn |
| Mar 31, 2021 | 2.00 Mn |
| Dec 31, 2020 | 1.00 Mn |
| Sep 30, 2020 | 2.00 Mn |
| Jun 30, 2020 | 2.00 Mn |
| Mar 31, 2020 | 5.00 Mn |
| Dec 31, 2019 | 5.00 Mn |
| Sep 30, 2019 | 5.00 Mn |