TNET · Trinet Group, Inc.
Price & Indicators
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Metrics snapshot
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AI Brief
Q2 FY26 earnings call · Jul 30, 2026TL;DR. TriNet raised full-year earnings guidance, posting Q2 adjusted EPS of $1.55 (up 35% YoY) on better-than-expected insurance results, improved retention, and disciplined costs, while total revenues declined 5% and average WSEs fell 11% YoY.
- + Raised full-year 2026 adjusted EPS guidance range to $4.50–$5.10 and adjusted EBITDA margin to 8.5%–9.0%
- + Q2 adjusted EPS grew 35% YoY to $1.55 and GAAP EPS grew 50% to $1.15
- + Insurance cost ratio improved 4 points YoY to 86% with stable high-single-digit health cost trends
- + Broker channel represented 32% of new sales with RFPs up 54% YoY; senior sales reps productivity up 13% YoY
- + Free cash flow grew 18% YoY to $67 million in Q2 on disciplined expense management and better insurance performance
- − Total revenues declined 5% YoY to $1.2 billion driven by lower WSE volumes from prior repricing actions
- − Average WSEs declined 11% YoY to approximately 298,000 and co-employed WSEs fell 11% to ~274,000
- − Professional service revenue declined 8% YoY to $159 million impacted by lower co-employed WSEs
- − Q2 sales ended flat YoY after challenges in March/April, though sales force was contracted in 2H25/1H26
- − Interest revenue declined 33% YoY to $12 million due to expected reduction of cash balances for certain tax credits
AI-generated from the earnings call and 8-K · may contain errors · not investment advice
Equibles Rating
blended score · not investment adviceBlended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.
Guidance & track record
Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.
Technicals
trend & momentum for long-term holders NeutralIllustrative technical + ownership context — a signal mix, not investment advice.
Key metrics
Earlier KPI extraction records exist, but do not meet the current evidence-completeness requirements. No current verified series is available. Earlier figures remain withheld until revalidated; this is not evidence that the company reports no KPIs.
Versus peers
Staffing & Employment Services — same industry group| Company | Mkt cap | YTD | Rev growth Y/Y | P/E | Short % shares |
|---|---|---|---|---|---|
|
TNET
this stock
Trinet Group, Inc.
|
$2.99B | +7.0% | -0.9% | 17.1 | 3.9% |
|
KFY
Korn Ferry
|
$3.91B | +8.9% | +12.2% | 13.6 | 4.0% |
|
RHI
Robert Half Inc.
|
$3.78B | +33.0% | -7.2% | 32.1 | 19.2% |
|
MAN
ManpowerGroup Inc.
|
$2.67B | +82.2% | +0.6% | 26.0 | 9.7% |
|
NSP
Insperity, Inc.
|
$1.83B | +20.0% | +3.5% | — | 7.8% |
Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding
At a glance
key data from every sectionPerformance
| 5D | 20D | 120D | MTD | YTD | |
|---|---|---|---|---|---|
| TNET | -2.9% | -8.9% | +69.5% | +1.1% | +7.0% |
| SPY | -0.2% | -0.5% | +12.2% | +0.9% | +12.9% |
| vs SPY | -2.7% | -8.4% | +57.3% | +0.2% | -5.9% |
Capital returns
Dividends per share over the trailing 365 days by ex-date · buyback figures as last reported in SEC filings ("spent" derived as authorized − remaining; when several programs run concurrently, authorized is their combined total per the newest filing) · components shown separately — trailing-year buyback spend isn't tracked, so no combined shareholder yield is derived.