Trinet (TNET) Operating Leases (2019 - 2026)

Trinet (TNET) recorded quarterly Operating Leases of $39.0 million in Q1 2026, up 5.41% quarter-over-quarter from $37.0 million in Q4 2025, and up 62.5% on a YoY basis from $24.0 million in Q1 2025.

Trinet (TNET) Operating Leases (2019 - 2026) Analysis & Trends

Trinet's Operating Leases history runs 8 years deep, the most recent figure standing at $39.0 million for Q1 2026.

  • In Q1 2026, Operating Leases rose 62.5% year-over-year to $39.0 million; the TTM figure through Mar 2026 stood at $39.0 million (up 62.5% YoY), while the FY2025 annual figure was $37.0 million, up 42.31% from the prior year.
  • Operating Leases was $39.0 million for Q1 2026 at Trinet, up from $37.0 million in the prior quarter.
  • In the past five years, Operating Leases ranged from a high of $48.0 million in Q1 2022 to a low of $24.0 million in Q2 2024.
  • Historically, Operating Leases has averaged $35.1 million across 5 years, with a median of $36.0 million in 2023.
  • The sharpest annual moves came in 2024 and 2025: Operating Leases declined 27.27% in 2024, then surged 100.0% in 2025.
  • A 5-year view of Operating Leases shows it stood at $41.0 million in 2022, then fell by 26.83% to $30.0 million in 2023, then fell by 13.33% to $26.0 million in 2024, then soared by 42.31% to $37.0 million in 2025, then gained by 5.41% to $39.0 million in 2026.
  • The last three Operating Leases figures came in at $39.0 million (Q1 2026), $37.0 million (Q4 2025), and $38.0 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr)
1 Korn Ferry 3.69 Bn 2.72 Bn 724.93 Mn
2 Robert Half 3.13 Bn 2.85 Bn 479.91 Mn
3 Trinet 2.12 Bn 660.05 Mn 1.16 Bn
4 ManpowerGroup 1.56 Bn 1.34 Bn 723.00 Mn
5 Insperity 1.38 Bn 825.54 Mn 302.00 Mn
6 Barrett Business Services 828.03 Mn 736.15 Mn 43.19 Mn
7 Kforce 777.11 Mn 775.77 Mn 90.07 Mn
8 Kelly Services 391.13 Mn 365.53 Mn 196.40 Mn
9 TrueBlue 205.89 Mn 181.76 Mn 79.02 Mn
10 HireQuest 172.03 Mn 171.01 Mn -

Historic Data

Download Data
DateValue
Mar 31, 2026 39.00 Mn
Dec 31, 2025 37.00 Mn
Sep 30, 2025 38.00 Mn
Jun 30, 2025 48.00 Mn
Mar 31, 2025 24.00 Mn
Dec 31, 2024 26.00 Mn
Sep 30, 2024 30.00 Mn
Jun 30, 2024 24.00 Mn
Mar 31, 2024 27.00 Mn
Dec 31, 2023 30.00 Mn
Sep 30, 2023 30.00 Mn
Jun 30, 2023 33.00 Mn
Mar 31, 2023 36.00 Mn
Dec 31, 2022 41.00 Mn
Sep 30, 2022 41.00 Mn
Jun 30, 2022 45.00 Mn
Mar 31, 2022 48.00 Mn
Dec 31, 2021 41.00 Mn
Sep 30, 2021 43.00 Mn
Jun 30, 2021 46.00 Mn