Trinet (TNET) Operating Income (2013 - 2024)
Trinet (TNET) posted Operating Income of $58.0 million for Q3 2024, down 27.5% on a QoQ basis from $80.0 million in Q2 2024, and down 50.0% year-over-year from $116.0 million in Q4 2023.
Analysis
Trinet (TNET) Operating Income (2013 - 2024) Analysis & Trends
Trinet has reported Operating Income for 12 years, with the latest figure at $58.0 million in Q3 2024.
- On a quarterly basis, Operating Income fell 50.0% year-over-year to $58.0 million in Q3 2024; TTM through Sep 2024 was $347.0 million, a 20.78% decrease from a year earlier, with the FY2023 full-year figure at $469.0 million, down 6.01% from the prior year.
- Operating Income was $58.0 million for Q3 2024 at Trinet, 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.
- Average Operating Income over 5 years is $107.9 million, with a median of $116.0 million recorded in 2023.
- The largest YoY upside for Operating Income was 214.55% in 2020 against a maximum downside of 52.38% in 2020.
- Over 5 years, Operating Income stood at $30.0 million in 2020, then soared by 203.33% to $91.0 million in 2021, then slumped by 38.46% to $56.0 million in 2022, then surged by 55.36% to $87.0 million in 2023, then plunged by 33.33% to $58.0 million in 2024.
- The last three Operating Income figures came in at $58.0 million (Q3 2024), $80.0 million (Q2 2024), and $122.0 million (Q1 2024), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Op. Inc (Qtr) |
|---|---|---|---|---|---|
| 1 | Robert Half | 3.86 Bn | 3.54 Bn | 474.03 Mn | -62.30 Mn |
| 2 | Trinet | 3.06 Bn | 1.18 Bn | - | - |
| 3 | ManpowerGroup | 2.67 Bn | 2.49 Bn | 780.30 Mn | 112.00 Mn |
| 4 | Insperity | 1.91 Bn | 1.29 Bn | 217.00 Mn | 6.00 Mn |
| 5 | Amn Healthcare Services | 1.34 Bn | 1.31 Bn | 205.88 Mn | 26.91 Mn |
| 6 | Kforce | 861.70 Mn | 861.37 Mn | 99.45 Mn | 18.75 Mn |
| 7 | Barrett Business Services | 790.34 Mn | 690.95 Mn | 64.85 Mn | 15.40 Mn |
| 8 | Quhuo | 561.27 Mn | 554.90 Mn | 1.19 Mn | -15.44 Mn |
| 9 | Kelly Services | 552.42 Mn | 528.22 Mn | 212.00 Mn | 16.10 Mn |
| 10 | Cross Country Healthcare | 428.41 Mn | 322.82 Mn | 47.59 Mn | -4.16 Mn |
Historic Data
Download Data
Historic 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 |