Growth Metrics

Trinet (TNET) Operating Leases (2019 - 2026)

Trinet's quarterly Operating Leases came in at $39.0 million in Q1 2026, up 62.5% year-on-year from $24.0 million in Q1 2025, and up 5.41% quarter-over-quarter from $37.0 million in Q4 2025.

Trinet has reported Operating Leases for 8 years, with the latest figure at $39.0 million in Q1 2026.

  • For the quarter ending Q1 2026, Operating Leases rose 62.5% year-over-year to $39.0 million; the trailing twelve-month figure through Mar 2026 stood at $39.0 million (up 62.5% YoY), and the FY2025 full-year result was $37.0 million, up 42.31% from the prior year.
  • Operating Leases for Q1 2026 stood at $39.0 million, up from $37.0 million in the prior quarter.
  • The five-year high for Operating Leases was $48.0 million in Q1 2022, with the low at $24.0 million in Q2 2024.
  • Average Operating Leases over 5 years is $35.1 million, with a median of $36.0 million recorded in 2023.
  • Year-over-year, Operating Leases retreated 27.27% in 2024 and jumped 100.0% in 2025.
  • Tracing TNET's Operating Leases over 5 years: stood at $41.0 million in 2022, then retreated by 26.83% to $30.0 million in 2023, then retreated by 13.33% to $26.0 million in 2024, then jumped by 42.31% to $37.0 million in 2025, then advanced 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 3.61 Bn 2.64 Bn 724.93 Mn
2 Robert Half 2.93 Bn 2.65 Bn 479.91 Mn
3 Trinet 2.15 Bn 684.96 Mn 1.16 Bn
4 ManpowerGroup 1.48 Bn 1.25 Bn 723.00 Mn
5 Insperity 1.31 Bn 754.86 Mn 302.00 Mn
6 Barrett Business Services 814.51 Mn 722.64 Mn 43.19 Mn
7 Kforce 805.03 Mn 803.69 Mn 90.07 Mn
8 Kelly Services 399.73 Mn 374.13 Mn 196.40 Mn
9 TrueBlue 187.20 Mn 163.07 Mn 79.02 Mn
10 HireQuest 182.43 Mn 181.41 Mn -

Historic Data

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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
Mar 31, 2021 49.00 Mn
Dec 31, 2020 49.00 Mn
Sep 30, 2020 41.00 Mn
Jun 30, 2020 43.00 Mn
Mar 31, 2020 45.00 Mn
Dec 31, 2019 48.00 Mn
Jun 30, 2019 72.00 Mn
Mar 31, 2019 70.00 Mn