Trinet (TNET) Operating Expenses (2013 - 2026)
Trinet (TNET) recorded quarterly Operating Expenses of $1.1 billion in Q1 2026, up 1390.54% quarter-over-quarter from $74.0 million in Q4 2025, and down 6.29% on a YoY basis from $1.2 billion in Q1 2025.
Trinet (TNET) Operating Expenses (2013 - 2026) Analysis & Trends
Trinet's Operating Expenses history runs 14 years deep, the most recent figure standing at $1.1 billion for Q1 2026.
- In Q1 2026, Operating Expenses fell 6.29% year-over-year to $1.1 billion; the TTM figure through Mar 2026 stood at $3.5 billion (down 2.61% YoY), while the FY2025 annual figure was $283.0 million, down 7.82% from the prior year.
- Operating Expenses was $1.1 billion for Q1 2026 at Trinet, up from $74.0 million in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $1.2 billion in Q3 2024 to a low of $74.0 million in Q4 2025.
- Historically, Operating Expenses has averaged $1.0 billion across 5 years, with a median of $1.1 billion in 2022.
- The sharpest annual moves came in 2022 and 2024: Operating Expenses increased 10.42% in 2022, then plunged 90.67% in 2024.
- A 5-year view of Operating Expenses shows it stood at $1.2 billion in 2022, then declined by 1.03% to $1.2 billion in 2023, then slumped by 90.67% to $108.0 million in 2024, then tumbled by 31.48% to $74.0 million in 2025, then soared by 1390.54% to $1.1 billion in 2026.
- The last three Operating Expenses figures came in at $1.1 billion (Q1 2026), $74.0 million (Q4 2025), and $1.2 billion (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Korn Ferry | 3.69 Bn | 2.72 Bn | 724.93 Mn | 634.03 Mn |
| 2 | Robert Half | 3.13 Bn | 2.85 Bn | 479.91 Mn | 443.00 Mn |
| 3 | Trinet | 2.12 Bn | 660.05 Mn | 1.16 Bn | 1.10 Bn |
| 4 | ManpowerGroup | 1.56 Bn | 1.34 Bn | 723.00 Mn | - |
| 5 | Insperity | 1.38 Bn | 825.54 Mn | 302.00 Mn | 240.00 Mn |
| 6 | Barrett Business Services | 828.03 Mn | 736.15 Mn | 43.19 Mn | 47.48 Mn |
| 7 | Kforce | 777.11 Mn | 775.77 Mn | 90.07 Mn | 76.76 Mn |
| 8 | Kelly Services | 391.13 Mn | 365.53 Mn | 196.40 Mn | 199.30 Mn |
| 9 | TrueBlue | 205.89 Mn | 181.76 Mn | 79.02 Mn | 87.30 Mn |
| 10 | HireQuest | 172.03 Mn | 171.01 Mn | - | 1.89 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 1.10 Bn |
| Dec 31, 2025 | 74.00 Mn |
| Sep 30, 2025 | 1.18 Bn |
| Jun 30, 2025 | 1.19 Bn |
| Mar 31, 2025 | 1.18 Bn |
| Dec 31, 2024 | 108.00 Mn |
| Sep 30, 2024 | 1.19 Bn |
| Jun 30, 2024 | 1.16 Bn |
| Mar 31, 2024 | 1.16 Bn |
| Dec 31, 2023 | 1.16 Bn |
| Sep 30, 2023 | 1.11 Bn |
| Jun 30, 2023 | 1.11 Bn |
| Mar 31, 2023 | 1.08 Bn |
| Dec 31, 2022 | 1.17 Bn |
| Sep 30, 2022 | 1.12 Bn |
| Jun 30, 2022 | 1.08 Bn |
| Mar 31, 2022 | 1.01 Bn |
| Dec 31, 2021 | 1.14 Bn |
| Sep 30, 2021 | 1.04 Bn |
| Jun 30, 2021 | 979.00 Mn |