Trinet (TNET) Net Margin (2013 - 2026)
Trinet (TNET) posted Net Margin of 4.5% for Q2 2026, down 38.02% on a QoQ basis from 7.26% in Q1 2026, and up 151.0% year-over-year from 1.79% in Q2 2025.
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Analysis
Trinet (TNET) Net Margin (2013 - 2026) Analysis & Trends
Trinet has reported Net Margin for 14 years, with the latest figure at 4.5% in Q2 2026.
- On a quarterly basis, Net Margin rose 151.0% year-over-year to 4.5% in Q2 2026; TTM through Jun 2026 was 3.58%, a 74.0% increase from a year earlier, with the FY2025 full-year figure at 3.09%, down 33.0% from the prior year.
- Net Margin was 4.5% for Q2 2026 at Trinet, down from 7.26% in the prior quarter.
- The five-year high for Net Margin was 11.99% in Q1 2022, with the low at 1.8% in Q4 2024.
- Average Net Margin over 5 years is 5.39%, with a median of 5.65% recorded in 2022.
- The sharpest annual moves came in 2022 and 2024: Net Margin soared 246 bps in 2022, then plunged 689 bps in 2024.
- Over 5 years, Net Margin stood at 3.85% in 2022, then soared by 32 bps to 5.09% in 2023, then plunged by 135 bps to 1.8% in 2024, then jumped by 96 bps to 0.08% in 2025, then surged by 5715 bps to 4.5% in 2026.
- The last three Net Margin figures came in at 4.5% (Q2 2026), 7.26% (Q1 2026), and 0.08% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Robert Half | 3.86 Bn | 3.54 Bn | 474.03 Mn | 1.97% |
| 2 | Trinet | 3.06 Bn | 1.18 Bn | - | 4.50% |
| 3 | ManpowerGroup | 2.67 Bn | 2.49 Bn | 780.30 Mn | 1.10% |
| 4 | Insperity | 1.91 Bn | 1.29 Bn | 217.00 Mn | 0.24% |
| 5 | Amn Healthcare Services | 1.34 Bn | 1.31 Bn | 205.88 Mn | 3.14% |
| 6 | Kforce | 861.70 Mn | 861.37 Mn | 99.45 Mn | 3.53% |
| 7 | Barrett Business Services | 790.34 Mn | 690.95 Mn | 64.85 Mn | 4.03% |
| 8 | Quhuo | 561.27 Mn | 554.90 Mn | 1.19 Mn | -6.91% |
| 9 | Kelly Services | 552.42 Mn | 528.22 Mn | 212.00 Mn | 1.10% |
| 10 | Cross Country Healthcare | 428.41 Mn | 322.82 Mn | 47.59 Mn | -1.77% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 4.50% |
| Mar 31, 2026 | 7.26% |
| Dec 31, 2025 | -0.08% |
| Sep 30, 2025 | 2.76% |
| Jun 30, 2025 | 2.99% |
| Mar 31, 2025 | 6.58% |
| Dec 31, 2024 | -1.80% |
| Sep 30, 2024 | 3.59% |
| Jun 30, 2024 | 4.83% |
| Mar 31, 2024 | 7.10% |
| Dec 31, 2023 | 5.09% |
| Sep 30, 2023 | 7.69% |
| Jun 30, 2023 | 6.87% |
| Mar 31, 2023 | 10.51% |
| Dec 31, 2022 | 3.85% |
| Sep 30, 2022 | 6.20% |
| Jun 30, 2022 | 7.08% |
| Mar 31, 2022 | 11.99% |
| Dec 31, 2021 | 5.60% |
| Sep 30, 2021 | 6.71% |