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TriNet Group (TNET)
NYSE:TNET
Earnings Data
Report Date
Apr 24, 2026After Close (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
1.83Last Year’s EPS
1.99Same Quarter Last Year
Based on 6 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Neutral
The call balanced clear execution and financial discipline (expense reduction, top-end guidance, stronger free cash flow and improved conversion, ASO momentum, NPS high, and product investments) against significant commercial headwinds (declining WSE base, weaker retention tied to repricing, soft hiring, and elevated medical/pharma cost inflation). Management presented a constructive plan and early signs of sales momentum entering 2026, but near-term volume and insurance-cost risks remain material and are explicitly reflected in guidance.Company Guidance
Top-End of Guidance and Strong Profitability
Finished FY2025 at the top end of full-year guidance; GAAP EPS of $3.20 and adjusted EPS of $4.73 for the year; generated $425M in adjusted EBITDA with an adjusted EBITDA margin of 8.5% for 2025.
Robust Cash Generation and Improved Conversion
Generated $303M net cash provided by operating activities and $234M in free cash flow for 2025, representing 16% year-over-year free cash flow growth; free cash flow conversion improved from 41% in 2024 to 55% in 2025 (moving toward a 60–65% target).
Disciplined Expense Management
Operating expenses (ex-insurance and interest) declined 16% in Q4 and 7% year over year for the full year; overall expenses down 7% YoY exiting 2025, with further improvement expected in 2026.
Improved Insurance Pricing and Risk Position
Completed comprehensive health fee renewals and repricing actions, improving pricing quality and actuarial discipline; insurance services revenue per average co-employed WSE grew ~9% in 2025 as health fees were passed through.
ASO Growth and Product Mix Expansion
ASO users exceeded 39,000 with an average revenue per user of ~ $50 (roughly three times legacy SaaS-only levels); conversion rates from legacy HRIS to ASO exceeded expectations and contributed materially to ASO growth.
Go-to-Market Momentum and Sales Investment Payoff
Early 2026 sales momentum: strong January sales, brokerage channel progress (four national partners entering 2026), double-digit growth in tenured reps (>4 years), and planned ~20% expansion in selling capacity later in the year via Ascend and other investments.
Customer Experience and Technology Advancements
Achieved an all-time high Net Promoter Score in 2025 and announced TriNet Assistant (AI-powered HR tool) plus strategic integrations (international employment, contractor management, IT provisioning, leave of absence) to improve retention and value.
Shareholder Returns and Capital Positioning
Returned $235M to shareholders in 2025 via dividends ($1.075 per share for the year) and repurchases (~2.8M shares for $182M); Board increased share repurchase authorization to $400M; paid down debt and exited 2025 with debt/adjusted EBITDA of 2.1x.
TNET Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
TNET Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 12, 2026 | $45.26 | $40.35 | -10.85% |
Oct 29, 2025 | $62.46 | $58.34 | -6.60% |
Jul 25, 2025 | $65.14 | $68.23 | +4.73% |
Apr 25, 2025 | $76.61 | $76.33 | -0.37% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does TriNet Group (TNET) report earnings?
TriNet Group (TNET) is schdueled to report earning on Apr 24, 2026, After Close (Confirmed).
What is TriNet Group (TNET) earnings time?
TriNet Group (TNET) earnings time is at Apr 24, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is TNET EPS forecast?
TNET EPS forecast for the fiscal quarter 2026 (Q1) is 1.83.