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| Date | Value |
|---|---|
| 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 |