TriNet Group (TNET) reported $350 million in revenue for the quarter ended March 2025, representing a year-over-year decline of 2%. EPS of $1.99 for the same period compares to $2.16 a year ago.The reported revenue represents a surprise of +6.13% over the Zacks Consensus Estimate of $329.8 million. With the consensus EPS estimate being $1.67, the EPS surprise was +19.16%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine the ...

TriNet Group (TNET) came out with quarterly earnings of $1.99 per share, beating the Zacks Consensus Estimate of $1.67 per share. This compares to earnings of $2.16 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 19.16%. A quarter ago, it was expected that this human resources services outsourcing company would post earnings of $0.23 per share when it actually produced earnings of $0.44, delivering a surprise of 91.30%.Over th ...

Financial Performance - Total revenues for Q1 2025 were $1.3 billion, reflecting a 1% increase compared to Q1 2024[23] - Net income decreased by 7% to $85 million, with diluted EPS at $1.71, a 4% decrease year-over-year[23] - Adjusted net income decreased by 11% compared to Q1 2024, influenced by rising insurance costs[27] - Professional service revenues decreased by 2% to $209 million in Q1 2025 from $214 million in Q1 2024[29] - Insurance service revenues increased by 1% to $1,065 million in Q1 2025 from $1,050 million in Q1 2024[29] - Total revenues rose by 1% to $1,292 million in Q1 2025 compared to $1,282 million in Q1 2024[29] - Net income declined by 7% to $85 million in Q1 2025 from $91 million in Q1 2024[29] - Adjusted EBITDA decreased by 10% to $162 million in Q1 2025 from $180 million in Q1 2024[34] - The overall performance is impacted by healthcare cost trends, with higher rates paid for services outpacing client charges[26] Employee Metrics - Average worksite employees (WSEs) decreased by 2% to 340,744, while total WSEs decreased by 3%[24] - The company experienced a decrease in average co-employed WSEs primarily in the Technology, Professional Services, Main Street, and Life Sciences verticals[24] - Total WSEs fell by 3% to 339,625 in Q1 2025 compared to 351,919 in Q1 2024[40] - Monthly revenues per co-employed Average WSE increased by 7% in Q1 2025 compared to Q1 2024[51] Insurance and Costs - The insurance cost ratio (ICR) increased by 2 points compared to the same period in 2024, driven by higher medical service utilization and specialty drug costs[26] - Insurance costs increased by 4% to $942 million in Q1 2025 from $907 million in Q1 2024, resulting in an Insurance Cost Ratio of 88%[48][49] Dividends and Stock Repurchase - The company announced a 10% increase in common stock dividends to $0.275 per share, to be paid in April 2025[25] - The company repurchased 1,210,403 shares of common stock for approximately $90 million during the three months ended March 31, 2025[100] - The company declared a common stock dividend of $0.275 per share to be paid in the second quarter of 2025, following a dividend of $0.25 per share paid in January 2025[101] - The company’s stock repurchase program resulted in a $90 million repurchase in Q1 2025, compared to $23 million in Q1 2024[124] Corporate Strategy and Restructuring - Strategic restructuring initiatives are underway to focus on core value propositions and improve operational efficiency, including the sale of TriNet Clarus R+D[25] - The company plans to establish a new corporate center in Atlanta, Georgia over the next five years[25] - Restructuring costs incurred for the three months ended March 31, 2025, amounted to $1 million, as the company focuses on its U.S. PEO business[178] Cash Flow and Assets - Net cash provided by operating activities was $95 million in Q1 2025, compared to $91 million in Q1 2024[91] - Corporate working capital increased by $12 million from December 31, 2024, primarily due to decreases in corporate current liabilities[89] - As of March 31, 2025, the company held approximately $1.5 billion in cash, cash equivalents, and investments, with $349 million being unrestricted cash[97] - Cash and cash equivalents at the end of Q1 2025 were $1,284 million, slightly up from $1,267 million at the end of Q1 2024[124] - As of March 31, 2025, total assets were $3,775 million, down from $4,119 million as of December 31, 2024[120] Debt and Financial Compliance - The company had $909 million in long-term debt as of March 31, 2025, compared to $908 million as of December 31, 2024[120] - The company was in compliance with all financial covenants under its 2021 Credit Agreement, 2029 Notes, and 2031 Notes as of March 31, 2025[104] Tax and Accounting - The effective tax rate (ETR) decreased to 26% in Q1 2025 from 27% in Q1 2024, attributed to increased tax benefits related to excludable income[80] - The company is evaluating new accounting standards that will enhance income tax disclosures, effective after December 15, 2024[147] Investment and Market Risks - The company is exposed to market risks primarily related to fluctuations in interest rates affecting its investment portfolio and outstanding borrowings[108] - The company’s investments are subject to interest rate risk due to generally including fixed interest rates[109] - The company attempts to limit exposure to interest rate risk and credit risk by investing in liquid, investment-grade securities[109]

TriNet Announces First Quarter 2025 Results 1% Growth in Total Revenues to $1.3 Billion for the First Quarter 2025 Repurchased 1.2 Million Shares in the First Quarter 2025 DUBLIN, Calif. — April 25, 2025 — TriNet Group, Inc. (NYSE: TNET), a leading provider of comprehensive and flexible human capital management (HCM) solutions for small and medium-size businesses (SMBs), today announced financial results for the first quarter ended March 31, 2025. The first quarter highlights below include non-GAAP financia ...

Core Viewpoint - TriNet is set to release its financial results for the first quarter of 2025 on April 25, 2025, before U.S. market hours, indicating a focus on transparency and communication with investors [1]. Group 1: Financial Results Announcement - TriNet will announce its financial results for Q1 2025 on April 25, 2025, before the market opens [1]. - The company will host a conference call at 5:30 a.m. PT (8:30 a.m. ET) on the same day to discuss these results [2]. Group 2: Conference Call Details - A live webcast of the conference call will be available on TriNet's Investor Relations website, allowing broader access for stakeholders [2]. - Participants can pre-register for the conference call to receive a unique PIN for instant access [3]. - Those who do not pre-register can still join the call by dialing a provided number [3]. Group 3: Company Overview - TriNet provides comprehensive HR solutions, technology, and access to benefits aimed at small and medium-sized businesses (SMBs) [4]. - The company has over 30 years of experience in supporting entrepreneurs and adapting to modern workplace needs [4].

ATLANTA, March 18, 2025 /PRNewswire/ -- Governor Brian P. Kemp today announced that TriNet is planning to create 750 new jobs at a new corporate center in Dunwoody, Georgia, over the next five years, representing an estimated $15.4 million in investment in DeKalb County."As the No. 1 state for business, one of the key drivers of our success is our metro Atlanta area that continues to attract a strong ecosystem of job creators like TriNet," said Governor Brian Kemp. "TriNet's services for small businesses wi ...

Core Insights - TriNet has completed the sale of its subsidiary, TriNet Clarus R+D, to Arvo Tech, enhancing Arvo's capabilities in tax strategy solutions for small and medium-sized businesses (SMBs) [1][2][3] Company Strategy - The divestiture aligns with TriNet's strategy to focus on high-value HR solutions for SMBs, allowing TriNet Clarus R+D to thrive under Arvo Tech's dedicated tax solutions framework [2][3] Market Position - The acquisition strengthens Arvo Tech's market position as a leader in tax credit programs, leveraging technology to improve access for taxpayers [3][5] - Arvo Tech aims to accelerate its mission of providing tax strategy solutions for SMBs through this acquisition [3] Transition and Support - TriNet customers will continue to access R&D tax credit solutions through a five-year agreement with Arvo Tech, ensuring a smooth transition [3]

Financial Data and Key Metrics Changes - Total revenues grew 1% year-over-year in Q4 and for the full year, consistent with guidance [22][34] - GAAP net loss per share for Q4 was $0.46, while full-year GAAP earnings per diluted share were $3.43, impacted by a restructuring charge [33] - Adjusted net income per diluted share was $0.44 for Q4 and $5.32 for the full year [33] Business Line Data and Key Metrics Changes - Professional services revenue in Q4 declined 4%, while for the year it increased by 1% [25] - PEO revenue grew 3% for the year, driven by modest pricing uplift and client technology fees [26] - Insurance revenues grew 2% in Q4 and 1% for the year, with healthcare participation rates slightly lower [27] Market Data and Key Metrics Changes - Customer hiring remained low in the technology vertical, but there were improvements in financial services [23][24] - Total worksite employees (WSEs) increased by 4% year-over-year to approximately 361,000, while co-employed WSEs decreased by 2% [23] - The company expects slight volume decreases in 2025 due to pricing adjustments and anticipated attrition increases [38] Company Strategy and Development Direction - The company plans to exit the HRIS-only business in 2025 to focus on PEO services and enhance its core offerings [15][19] - A strategic review has led to a focus on growing revenues, expanding margins, and delivering shareholder value at a rate of 13% to 15% [13][48] - The company aims to improve its insurance cost ratio and operating expenses through disciplined management and technology investments [65][70] Management's Comments on Operating Environment and Future Outlook - Management noted a challenging environment with low customer hiring and elevated healthcare costs but expressed confidence in the business model [10][14] - The tone of customer conversations has improved, indicating a more optimistic outlook for the SMB market [114] - The company anticipates a transition year in 2025, with expectations for improved performance as pricing adjustments take effect [16][79] Other Important Information - The company generated $279 million in net cash from operating activities and $201 million in free cash flow for the year [34] - A restructuring charge of $49 million was recorded related to exiting the HRIS business [20][31] - The company plans to maintain its capital return priorities, including dividends and share repurchases [36][73] Q&A Session Summary Question: What is the duration defined for the medium-term financial targets? - Management indicated that the duration is somewhat open-ended as they learn more through 2025, with confidence in managing the insurance cost ratio [84][85] Question: Can you provide an update on the insurance cost ratio trends? - Management noted that the insurance capability has improved significantly, and they expect to manage the cost ratio back into the targeted range over the next few years [90][91] Question: Are there any potential strategic changes planned in the near term? - Management expressed optimism about the SMB market and indicated that they are well-positioned with the right plan and channels to drive growth [95] Question: How should seasonality be considered in the first quarter? - Management explained that the first quarter typically sees a slight decline in performance, while professional services revenue tends to be more front-loaded [101][102] Question: What is the expected impact on WSEs for the year? - Management anticipates a year-over-year decline in WSEs due to pricing adjustments and expected attrition increases, which will impact professional service revenue [106] Question: How has customer sentiment trended recently? - Management noted an improved tone in customer conversations, indicating a more optimistic outlook compared to the previous year, although net hiring remains low [114][116]

TriNet Group (TNET) came out with quarterly earnings of $0.44 per share, beating the Zacks Consensus Estimate of $0.23 per share. This compares to earnings of $1.60 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 91.30%. A quarter ago, it was expected that this human resources services outsourcing company would post earnings of $1.33 per share when it actually produced earnings of $1.17, delivering a surprise of -12.03%.Over t ...

(Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the year ended December 31, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-K For the transition period from to Commission File Number: 001-36373 TRINET GROUP, INC. (Exact Name of Registrant as Specified in its Charter) Delaware 95-3359658 (State or other jurisdiction of incorpora ...