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
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