Trinet (TNET) Operating Margin (2013 - 2026)

Trinet's Operating Margin history runs 14 years deep, the most recent figure standing at 4.4% for Q1 2026.

• In Q1 2026, Operating Margin rose 69.0% year-over-year to 4.4%; the TTM figure through Mar 2026 stood at 22.8% (down 256.0% YoY), while the FY2025 annual figure was 88.98%, up 78.0% from the prior year.
• Operating Margin was 4.4% for Q1 2026 at Trinet, down from 88.78% in the prior quarter.
• In the past five years, Operating Margin ranged from a high of 88.78% in Q4 2025 to a low of 1.46% in Q3 2025.
• Historically, Operating Margin has averaged 16.42% across 5 years, with a median of 8.02% in 2023.
• The sharpest annual moves came in 2024 and 2025: Operating Margin soared 7938 bps in 2024, then tumbled 781 bps in 2025.
• A 5-year view of Operating Margin shows it stood at 4.49% in 2022, then soared by 47 bps to 6.61% in 2023, then jumped by 1202 bps to 85.98% in 2024, then advanced by 3 bps to 88.78% in 2025, then tumbled 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.