Growth Metrics

Trinet (TNET) Operating Expenses (2013 - 2026)

Trinet's quarterly Operating Expenses came in at $1.1 billion in Q1 2026, down 6.29% year-on-year from $1.2 billion in Q1 2025, and up 1390.54% quarter-over-quarter from $74.0 million in Q4 2025.

Trinet has reported Operating Expenses for 14 years, with the latest figure at $1.1 billion in Q1 2026.

  • For the quarter ending Q1 2026, Operating Expenses fell 6.29% year-over-year to $1.1 billion; the trailing twelve-month figure through Mar 2026 stood at $3.5 billion (down 2.61% YoY), and the FY2025 full-year result was $283.0 million, down 7.82% from the prior year.
  • Operating Expenses for Q1 2026 stood at $1.1 billion, up from $74.0 million in the prior quarter.
  • The five-year high for Operating Expenses was $1.2 billion in Q3 2024, with the low at $74.0 million in Q4 2025.
  • Average Operating Expenses over 5 years is $1.0 billion, with a median of $1.1 billion recorded in 2022.
  • Year-over-year, Operating Expenses gained 10.42% in 2022 and plunged 90.67% in 2024.
  • Tracing TNET's Operating Expenses over 5 years: stood at $1.2 billion in 2022, then fell by 1.03% to $1.2 billion in 2023, then sank by 90.67% to $108.0 million in 2024, then slumped by 31.48% to $74.0 million in 2025, then jumped 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 3.61 Bn 2.64 Bn 724.93 Mn 634.03 Mn
2 Robert Half 2.93 Bn 2.65 Bn 479.91 Mn 443.00 Mn
3 Trinet 2.15 Bn 684.96 Mn 1.16 Bn 1.10 Bn
4 ManpowerGroup 1.48 Bn 1.25 Bn 723.00 Mn -
5 Insperity 1.31 Bn 754.86 Mn 302.00 Mn 240.00 Mn
6 Barrett Business Services 814.51 Mn 722.64 Mn 43.19 Mn 47.48 Mn
7 Kforce 805.03 Mn 803.69 Mn 90.07 Mn 76.76 Mn
8 Kelly Services 399.73 Mn 374.13 Mn 196.40 Mn 199.30 Mn
9 TrueBlue 187.20 Mn 163.07 Mn 79.02 Mn 87.30 Mn
10 HireQuest 182.43 Mn 181.41 Mn - 1.89 Mn

Historic Data

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DateValue
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
Mar 31, 2021 922.00 Mn
Dec 31, 2020 1.03 Bn
Sep 30, 2020 930.00 Mn
Jun 30, 2020 775.00 Mn
Mar 31, 2020 928.00 Mn
Dec 31, 2019 955.00 Mn
Sep 30, 2019 901.00 Mn
Jun 30, 2019 880.00 Mn
Mar 31, 2019 852.00 Mn
Dec 31, 2018 875.00 Mn
Sep 30, 2018 813.00 Mn
Jun 30, 2018 774.00 Mn
Mar 31, 2018 790.00 Mn
Dec 31, 2017 800.00 Mn
Sep 30, 2017 755.00 Mn
Jun 30, 2017 744.00 Mn
Mar 31, 2017 758.00 Mn
Dec 31, 2016 768.00 Mn
Sep 30, 2016 741.49 Mn
Jun 30, 2016 719.48 Mn
Mar 31, 2016 707.04 Mn
Dec 31, 2015 696.12 Mn
Sep 30, 2015 656.33 Mn
Jun 30, 2015 634.02 Mn
Mar 31, 2015 594.54 Mn
Dec 31, 2014 583.42 Mn
Sep 30, 2014 534.71 Mn
Jun 30, 2014 504.98 Mn
Mar 31, 2014 483.64 Mn
Dec 31, 2013 458.12 Mn
Sep 30, 2013 440.83 Mn
Jun 30, 2013 349.50 Mn
Mar 31, 2013 329.49 Mn