Trinet (TNET) Operating Margin (2013 - 2024)
Trinet (TNET) posted Operating Margin of 4.63% for Q3 2024, down 4.86 percentage points from 9.49% a year earlier and down 1.80 percentage points from the prior quarter.
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Analysis
Trinet (TNET) Operating Margin (2013 - 2024) Analysis & Trends
For the trailing twelve months through Sep 30, 2024, Operating Margin at Trinet was 6.81%, down 2.08 percentage points year-over-year; for FY2023, it came in at 9.39%, down 0.78 percentage points from FY2022.
- Annual Operating Margin shows a five-year change of +2.23 percentage points (FY2018 to FY2023).
- In prior years, Trinet's Operating Margin was 10.17% in FY2022 (+0.15 pp), 10.02% in FY2021 (+0.90 pp), 9.12% in FY2020 (+2.17 pp) and 6.95% in FY2019 (-0.22 pp).
- The Q3 2024 figure stands as the lowest quarterly Operating Margin since Q4 2022.
- On a year-over-year basis, Operating Margin has declined in each of the last three quarters, with an average year-over-year change of -2.07 percentage points over the last eight quarters.
- The strongest year-over-year quarter for Operating Margin in the past five years was Q2 2020, with a gain of 12.37 percentage points; the weakest was Q2 2021, with a drop of 7.25 percentage points.
- According to Business Quant data, Operating Margin for the three prior quarters was 6.44% (Q2 2024), 9.52% (Q1 2024) and 6.61% (Q4 2023).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Accenture | 118.39 Bn | 78.80 Bn | 6.13 Bn | 16.96% |
| 2 | Cintas | 79.13 Bn | 78.31 Bn | 1.48 Bn | 23.17% |
| 3 | Iron Mountain | 33.17 Bn | 32.69 Bn | 1.07 Bn | 18.41% |
| 4 | APi | 16.75 Bn | 13.79 Bn | 703.00 Mn | 7.76% |
| 5 | Rollins | 14.67 Bn | 14.22 Bn | 569.95 Mn | 18.67% |
| 6 | Aramark | 14.35 Bn | 12.37 Bn | 430.34 Mn | 4.26% |
| 7 | UL Solutions | 13.11 Bn | 11.89 Bn | 417.00 Mn | 18.38% |
| 8 | Gartner | 11.73 Bn | 5.42 Bn | 1.19 Bn | 22.59% |
| 9 | Rentokil Initial | 10.12 Bn | 3.46 Bn | - | - |
| 10 | Trinet | 2.88 Bn | 1.57 Bn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| 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% |
API Access
Trinet Operating Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-margin&ticker=TNET&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-margin", "ticker": "TNET", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-margin&ticker=TNET&period=max&api_key=YOUR_API_KEY");
const data = await res.json();