TriNet Reports Third Quarter 2026 Results with Slight Earnings Decrease

DUBLIN, Calif., Oct. 29, 2026 /CourierPR/ -- TriNet, a leading provider of human capital management solutions for small and medium-size businesses (SMBs), reported financial results for the third quarter ended September 30, 2026. The company's revenues decreased 5% to $1.2 billion compared to the same period last year, while professional service revenues declined 7% to $157 million. Net income for the quarter was $31 million, or $0.65 per diluted share, a slight decrease from the previous year's $34 million, or $0.70 per diluted share. Adjusted Net Income for the quarter was $44 million, or $0.94 per diluted share, down from $55 million, or $1.11 per diluted share, in the same period last year. Adjusted EBITDA for the quarter was $89 million, representing an Adjusted EBITDA Margin of 7.6%, compared to $100 million, or 8.2%, in the previous year.

Total Worksite Employees (WSEs) decreased by 11% to approximately 295,000 compared to the same period last year. Net cash provided by operating activities increased 11% to $80 million, generating $53 million in Free Cash Flow.

In addition to the financial results, TriNet reaffirmed its full-year 2026 guidance and expects to be at the high end of its earnings per diluted share range. The company anticipates filing its Quarterly Report on Form 10-Q for the nine months ended September 30, 2026, on or about October 29, 2026. Participants are encouraged to pre-register for the conference call at 5:30 a.m. PT today. The live webcast can be accessed on the Investor Relations section of TriNet's website at investor.trinet.com. Callers can pre-register for the webcast by going to events.q4inc.com/attendee/764057723. For those who would like to join the call but have not pre-registered, they can do so by dialing +1 (412) 317-5426 and requesting the "TriNet Conference Call." A replay of the webcast will be available on this website for approximately one year.