Trinet (TNET) Operating Income (2013 - 2024)
Trinet's Operating Income was $58 million in Q3 2024, down 50.0% from $116 million a year earlier and down 27.5% from the prior quarter.
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Analysis
Trinet (TNET) Operating Income (2013 - 2024) Analysis & Trends
On a trailing twelve-month basis, Trinet's Operating Income was $347 million through Sep 30, 2024, down 20.8% year-over-year; for FY2023, it was $469 million, down 6.0% from FY2022.
- Operating Income shows a five-year compound annual growth rate of 13.3% (FY2018 to FY2023).
- In earlier years, Operating Income was $499 million in FY2022 (+9.7%), $455 million in FY2021 (+23.6%), $368 million in FY2020 (+37.3%) and $268 million in FY2019 (+6.8%).
- The Q3 2024 figure marks the lowest quarterly Operating Income since Q4 2022.
- Compared with a year earlier, Operating Income has declined for three straight quarters, with an average decline of 14.7% over the last eight quarters.
- The best year-over-year quarter for Operating Income over five years was Q2 2020 (growth of 214.5%); the worst was Q4 2020 (a decline of 52.4%).
- Per Business Quant data, TNET's Operating Income in the three quarters before Q3 2024 was $80 million (Q2 2024), $122 million (Q1 2024) and $87 million (Q4 2023).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Op. Inc (Qtr) |
|---|---|---|---|---|---|
| 1 | Accenture | 118.39 Bn | 78.80 Bn | 6.13 Bn | 3.18 Bn |
| 2 | Cintas | 79.13 Bn | 78.31 Bn | 1.48 Bn | 673.04 Mn |
| 3 | Iron Mountain | 33.17 Bn | 32.69 Bn | 1.07 Bn | 373.53 Mn |
| 4 | APi | 16.75 Bn | 13.79 Bn | 703.00 Mn | 175.00 Mn |
| 5 | Rollins | 14.67 Bn | 14.22 Bn | 569.95 Mn | 201.36 Mn |
| 6 | Aramark | 14.35 Bn | 12.37 Bn | 430.34 Mn | 215.59 Mn |
| 7 | UL Solutions | 13.11 Bn | 11.89 Bn | 417.00 Mn | 150.00 Mn |
| 8 | Gartner | 11.73 Bn | 5.42 Bn | 1.19 Bn | 378.52 Mn |
| 9 | Rentokil Initial | 10.12 Bn | 3.46 Bn | - | - |
| 10 | Trinet | 2.88 Bn | 1.57 Bn | - | - |
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 |
API Access
Trinet Operating Income API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-income&ticker=TNET&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-income", "ticker": "TNET", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-income&ticker=TNET&period=max&api_key=YOUR_API_KEY");
const data = await res.json();