Trinet (TNET) Operating Margin (2013 - 2026)
Trinet's quarterly Operating Margin came in at 4.4% in Q1 2026, up 69.0% year-on-year from 2.61% in Q1 2025, and down 95.04% quarter-over-quarter from 88.78% in Q4 2025.
Trinet has reported Operating Margin for 14 years, with the latest figure at 4.4% in Q1 2026.
- For the quarter ending Q1 2026, Operating Margin rose 69.0% year-over-year to 4.4%; the trailing twelve-month figure through Mar 2026 stood at 22.8% (down 256.0% YoY), and the FY2025 full-year result was 88.98%, up 78.0% from the prior year.
- Operating Margin for Q1 2026 stood at 4.4%, down from 88.78% in the prior quarter.
- The five-year high for Operating Margin was 88.78% in Q4 2025, with the low at 1.46% in Q3 2025.
- Average Operating Margin over 5 years is 16.42%, with a median of 8.02% recorded in 2023.
- Year-over-year, Operating Margin surged 7938 bps in 2024 and tumbled 781 bps in 2025.
- Tracing TNET's Operating Margin over 5 years: stood at 4.49% in 2022, then jumped by 47 bps to 6.61% in 2023, then surged by 1202 bps to 85.98% in 2024, then climbed by 3 bps to 88.78% in 2025, then slumped by 95 bps to 4.4% in 2026.
- The last three Operating Margin figures came in at 4.4% (Q1 2026), 88.78% (Q4 2025), and 1.46% (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Korn Ferry | 3.61 Bn | 2.64 Bn | 724.93 Mn | 12.55% |
| 2 | Robert Half | 2.93 Bn | 2.65 Bn | 479.91 Mn | 2.84% |
| 3 | Trinet | 2.15 Bn | 684.96 Mn | 1.16 Bn | 4.40% |
| 4 | ManpowerGroup | 1.48 Bn | 1.25 Bn | 723.00 Mn | 0.63% |
| 5 | Insperity | 1.31 Bn | 754.86 Mn | 302.00 Mn | 3.27% |
| 6 | Barrett Business Services | 814.51 Mn | 722.64 Mn | 43.19 Mn | -2.11% |
| 7 | Kforce | 805.03 Mn | 803.69 Mn | 90.07 Mn | 3.63% |
| 8 | Kelly Services | 399.73 Mn | 374.13 Mn | 196.40 Mn | -0.49% |
| 9 | TrueBlue | 187.20 Mn | 163.07 Mn | 79.02 Mn | -4.48% |
| 10 | HireQuest | 182.43 Mn | 181.41 Mn | - | 22.63% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 4.40% |
| Dec 31, 2025 | 88.78% |
| Sep 30, 2025 | -1.46% |
| Jun 30, 2025 | -1.37% |
| Mar 31, 2025 | 3.72% |
| Dec 31, 2024 | 85.98% |
| Sep 30, 2024 | 4.63% |
| Jun 30, 2024 | 6.44% |
| Mar 31, 2024 | 9.52% |
| Dec 31, 2023 | 6.61% |
| Sep 30, 2023 | 9.49% |
| Jun 30, 2023 | 8.02% |
| Mar 31, 2023 | 13.56% |
| Dec 31, 2022 | 4.49% |
| Sep 30, 2022 | 9.67% |
| Jun 30, 2022 | 9.92% |
| Mar 31, 2022 | 16.75% |
| Dec 31, 2021 | 7.39% |
| Sep 30, 2021 | 9.15% |
| Jun 30, 2021 | 11.00% |
| Mar 31, 2021 | 13.02% |
| Dec 31, 2020 | 2.82% |
| Sep 30, 2020 | 4.62% |
| Jun 30, 2020 | 18.25% |
| Mar 31, 2020 | 11.45% |
| Dec 31, 2019 | 6.19% |
| Sep 30, 2019 | 7.02% |
| Jun 30, 2019 | 5.88% |
| Mar 31, 2019 | 8.78% |
| Dec 31, 2018 | 4.58% |
| Sep 30, 2018 | 7.09% |
| Jun 30, 2018 | 8.94% |
| Mar 31, 2018 | 8.25% |
| Dec 31, 2017 | 5.66% |
| Sep 30, 2017 | 7.70% |
| Jun 30, 2017 | 7.12% |
| Mar 31, 2017 | 6.19% |
| Dec 31, 2016 | 5.30% |
| Sep 30, 2016 | 3.77% |
| Jun 30, 2016 | 3.49% |
| Mar 31, 2016 | 3.55% |
| Dec 31, 2015 | 4.08% |
| Sep 30, 2015 | 1.75% |
| Jun 30, 2015 | 0.94% |
| Mar 31, 2015 | 4.96% |
| Dec 31, 2014 | 3.35% |
| Sep 30, 2014 | 3.82% |
| Jun 30, 2014 | 3.82% |
| Mar 31, 2014 | 4.97% |
| Dec 31, 2013 | 4.89% |
| Sep 30, 2013 | 1.63% |
| Jun 30, 2013 | 3.83% |
| Mar 31, 2013 | 6.15% |