TriNet Announces Fourth Quarter, Fiscal Year 2025 Results, and Full Year 2026 Guidance

Core Insights - TriNet reported financial results for Q4 and full year 2025, achieving earnings at the top-end of guidance and returning over $200 million to shareholders through share repurchases and dividends [1] - The company anticipates a clear strategy for 2026, including initiatives like the AI-powered TriNet Assistant and expansion of the broker channel [1] Financial Performance Fourth Quarter Highlights - Average Worksite Employees (WSEs) decreased by 9% year-over-year to approximately 324,000 [1] - Adjusted EBITDA was $57 million, maintaining an Adjusted EBITDA Margin of 4.7% [1] - Adjusted Net Income was $21 million, or $0.46 per diluted share, compared to $22 million, or $0.44 per diluted share in the same period last year [1] - Total revenues decreased by 2% to $1.2 billion [1] Full Year Highlights - Average WSEs decreased by 5% compared to 2024, totaling approximately 334,000 [1] - Adjusted EBITDA was $425 million, with an Adjusted EBITDA Margin of 8.5%, down from 9.6% in 2024 [1] - Adjusted Net Income was $230 million, or $4.73 per diluted share, compared to $269 million, or $5.32 per diluted share in 2024 [1] - Total revenues decreased by 1% to $5.0 billion [1] Stock Repurchase Program - TriNet's stock repurchase program was increased by $336 million, bringing the total available for repurchase to $400 million as of February 6, 2026 [1] Full-Year 2026 Guidance - Total Revenues are projected between $4.75 billion and $4.90 billion [1] - Professional Service Revenues are expected to be between $625 million and $645 million [1] - Adjusted EBITDA Margin is forecasted to be between 7.5% and 8.7% [1] - Diluted net income per share is anticipated to range from $2.15 to $3.05 [1]