Trinet (TNET) Operating Expenses (2013 - 2026)
Trinet (TNET) posted quarterly Operating Expenses of $1.1 billion for Q2 2026, down 6.99% year-over-year from $1.2 billion in Q2 2025, and little changed quarter-over-quarter from $1.1 billion in Q1 2026.
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 Q2 2026.
- In Q2 2026, Operating Expenses fell 6.99% year-over-year to $1.1 billion; the TTM figure through Jun 2026 stood at $3.5 billion (down 5.59% YoY), while the FY2025 annual figure was $476.0 million, down 8.64% from the prior year.
- Operating Expenses for Q2 2026 stood at $1.1 billion, roughly flat from $1.1 billion in the prior quarter.
- The five-year high for Operating Expenses was $1.2 billion in Q3 2024, with the low at $124.0 million in Q4 2025.
- The 5-year median for Operating Expenses is $1.1 billion (2022), against an average of $1.0 billion.
- The sharpest annual moves came in 2022 and 2024: Operating Expenses grew 10.42% in 2022, then slumped 85.92% in 2024.
- Trinet's Operating Expenses stood at $1.2 billion in 2022, then dropped by 1.03% to $1.2 billion in 2023, then plunged by 85.92% to $163.0 million in 2024, then slipped by 23.93% to $124.0 million in 2025, then jumped by 790.32% to $1.1 billion in 2026.
- Business Quant data shows TNET's Operating Expenses at $1.1 billion in Q2 2026, $1.1 billion in Q1 2026, and $124.0 million in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Robert Half | 4.57 Bn | 4.25 Bn | 474.03 Mn | 536.33 Mn |
| 2 | Korn Ferry | 4.40 Bn | 3.27 Bn | 685.99 Mn | 666.73 Mn |
| 3 | Trinet | 3.21 Bn | 1.33 Bn | - | 1.10 Bn |
| 4 | ManpowerGroup | 2.92 Bn | 2.74 Bn | 780.30 Mn | 668.30 Mn |
| 5 | Insperity | 2.01 Bn | 1.39 Bn | 217.00 Mn | 211.00 Mn |
| 6 | Kforce | 984.66 Mn | 984.33 Mn | 99.45 Mn | 79.41 Mn |
| 7 | Barrett Business Services | 815.66 Mn | 716.27 Mn | 64.85 Mn | 47.19 Mn |
| 8 | Kelly Services | 586.60 Mn | 562.40 Mn | 212.00 Mn | 195.90 Mn |
| 9 | TrueBlue | 323.30 Mn | 300.05 Mn | 91.58 Mn | 83.83 Mn |
| 10 | HireQuest | 233.12 Mn | 231.48 Mn | - | 1.27 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 1.10 Bn |
| Mar 31, 2026 | 1.10 Bn |
| Dec 31, 2025 | 124.00 Mn |
| Sep 30, 2025 | 1.18 Bn |
| Jun 30, 2025 | 1.19 Bn |
| Mar 31, 2025 | 1.18 Bn |
| Dec 31, 2024 | -58.00 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 |