Trinet Group Inc

Latest Results (21.11.2025):

TriNet Group, Inc. reported results for the third quarter of 2025: total revenue of $1.2 billion (down 2% year-over-year) with net income of $34 million ($0.70 diluted EPS) and Adjusted Net Income of $55 million ($1.11 diluted). The company recorded Adjusted EBITDA of $100 million (8.2% margin) and noted average worksite employees (WSEs) of ~335,000, down about 6% versus Q3 2024. Management reiterated full-year 2025 guidance and signaled progress on repricing and go-to-market initiatives despite a challenging SMB environment.

Top-line and revenue mix

Total revenues were $1.2 billion in Q3 2025, down 2% year-over-year. Professional service revenues declined 8% to $169 million.

Profitability and margins

Net income was $34 million, or $0.70 per diluted share (versus $45 million, $0.89 in Q3 2024). Adjusted Net Income was $55 million, or $1.11 per diluted share (versus $59 million, $1.17 prior-year). Adjusted EBITDA was $100 million with an Adjusted EBITDA margin of 8.2% (down from $109 million and 8.8% in Q3 2024).

Operational metrics

Average WSEs declined ~6% year-over-year to approximately 335,000. The company noted its highest-ever customer Net Promoter Score and retention above historical averages despite a challenging SMB backdrop.

Full‑year 2025 guidance (reaffirmed)

TriNet reaffirmed full-year 2025 guidance: total revenues $4.95B–$5.14B; professional service revenues $700M–$730M; insurance cost ratio roughly 90%–92%; Adjusted EBITDA margin 7%–9%; diluted net income per share $1.90–$3.40; Adjusted Net Income per share $3.25–$4.75.

Management commentary and next steps

CEO Mike Simonds said Q3 performance positions the company toward the high end of its full-year earnings range, citing near-completion of aggressive repricing and new go-to-market initiatives. TriNet plans to file its Form 10-Q for the nine months ended Sept. 30, 2025, and held an earnings webcast/conference call the day of the release.