Trinet (TNET) Operating Income (2013 - 2024)
Trinet (TNET) posted quarterly Operating Income of $58.0 million for Q3 2024, down 50.0% year-over-year from $116.0 million in Q4 2023, and down 27.5% quarter-over-quarter from $80.0 million in Q2 2024.
Trinet (TNET) Operating Income (2013 - 2024) Analysis & Trends
Trinet's Operating Income history runs 12 years deep, the most recent figure standing at $58.0 million for Q3 2024.
- In Q3 2024, Operating Income fell 50.0% year-over-year to $58.0 million; the TTM figure through Sep 2024 stood at $347.0 million (down 20.78% YoY), while the FY2023 annual figure was $469.0 million, down 6.01% from the prior year.
- Operating Income for Q3 2024 stood at $58.0 million, down from $80.0 million in the prior quarter.
- The five-year high for Operating Income was $204.0 million in Q1 2022, with the low at $30.0 million in Q4 2020.
- The 5-year median for Operating Income is $116.0 million (2023), against an average of $107.9 million.
- Peak annual rise in Operating Income reached 214.55% in 2020, while the deepest fall reached 52.38% in 2020.
- Trinet's Operating Income stood at $30.0 million in 2020, then jumped by 203.33% to $91.0 million in 2021, then slumped by 38.46% to $56.0 million in 2022, then soared by 55.36% to $87.0 million in 2023, then plunged by 33.33% to $58.0 million in 2024.
- Business Quant data shows TNET's Operating Income at $58.0 million in Q3 2024, $80.0 million in Q2 2024, and $122.0 million in Q1 2024.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Op. Inc (Qtr) |
|---|---|---|---|---|---|
| 1 | Robert Half | 4.38 Bn | 4.06 Bn | 474.03 Mn | -62.30 Mn |
| 2 | Korn Ferry | 4.35 Bn | 3.22 Bn | 685.99 Mn | 101.52 Mn |
| 3 | Trinet | 3.16 Bn | 1.29 Bn | - | - |
| 4 | ManpowerGroup | 2.84 Bn | 2.66 Bn | 780.30 Mn | 112.00 Mn |
| 5 | Insperity | 1.98 Bn | 1.36 Bn | 217.00 Mn | 6.00 Mn |
| 6 | Kforce | 972.09 Mn | 971.76 Mn | 99.45 Mn | 18.75 Mn |
| 7 | Barrett Business Services | 807.62 Mn | 708.23 Mn | 64.85 Mn | 15.40 Mn |
| 8 | Kelly Services | 579.49 Mn | 555.29 Mn | 212.00 Mn | 16.10 Mn |
| 9 | TrueBlue | 320.26 Mn | 297.01 Mn | 91.58 Mn | -1.16 Mn |
| 10 | HireQuest | 232.43 Mn | 230.79 Mn | - | 3.34 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Sep 30, 2024 | 58.00 Mn |
| Jun 30, 2024 | 80.00 Mn |
| Mar 31, 2024 | 122.00 Mn |
| Dec 31, 2023 | 87.00 Mn |
| Sep 30, 2023 | 116.00 Mn |
| Jun 30, 2023 | 97.00 Mn |
| Mar 31, 2023 | 169.00 Mn |
| Dec 31, 2022 | 56.00 Mn |
| Sep 30, 2022 | 120.00 Mn |
| Jun 30, 2022 | 119.00 Mn |
| Mar 31, 2022 | 204.00 Mn |
| Dec 31, 2021 | 91.00 Mn |
| Sep 30, 2021 | 105.00 Mn |
| Jun 30, 2021 | 121.00 Mn |
| Mar 31, 2021 | 138.00 Mn |
| Dec 31, 2020 | 30.00 Mn |
| Sep 30, 2020 | 45.00 Mn |
| Jun 30, 2020 | 173.00 Mn |
| Mar 31, 2020 | 120.00 Mn |
| Dec 31, 2019 | 63.00 Mn |