OverviewSuggest Edit

TriNet is a provider of HR expertise, payroll services, employee benefits, and employment risk mitigation services for small and medium-sized businesses. It offers a cloud-based technology platform which includes online and mobile tools that allow clients and worksite employees (WSEs) to store, view, and manage HR information and administer transactions, such as payroll processing, tax administration, employee onboarding and termination, compensation reporting, expense management, and benefits enrollment and administration. The company serves technology, life sciences, not-for-profit, professional services, financial services, property management, retail, manufacturing, and hospitality industries.

TypePublic
Founded1988
HQDublin, US
Websitetrinet.com
Employee Ratings3.3

Latest Updates

Employees (est.) (Sep 2019)3,000(-3%)
Job Openings52
Revenue (FY, 2018)$3.5 B(+7%)
Share Price (Nov 2019)$53.4

Key People/Management at TriNet

Burton M. Goldfield

Burton M. Goldfield

President and Chief Executive Officer, Director
Richard Beckert

Richard Beckert

Senior Vice President and Chief Financial Officer
Barrett Boston

Barrett Boston

Senior Vice President and Chief Revenue Officer
James Franzone

James Franzone

Senior Vice President of Strategy
Ed Griese

Ed Griese

Senior Vice President of Insurance Services
Olivier Kohler

Olivier Kohler

Senior Vice President and Chief Operations Officer
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TriNet Office Locations

TriNet has offices in Dublin, Alexandria, Atlanta, Austin and in 39 other locations
Dublin, US (HQ)
1Park Place Suite 600
Alexandria, US
1680 Duke St #410
Atlanta, US
East Tower 3343 Peachtree Road NE Suite 550
Austin, US
12331 Riata Trace Pkwy Building 4 Suite 300
Austin, US
801 Barton Springs Rd
Boca Raton, US
2700 N Military Trl #450
Show all (47)

TriNet Financials and Metrics

TriNet Revenue

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TriNet's revenue was reported to be $3.50 b in FY, 2018 which is a 7% increase from the previous period.
USD

Revenue (Q2, 2019)

935.0m

Gross profit (Q2, 2019)

168.0m

Gross profit margin (Q2, 2019), %

18%

Net income (Q2, 2019)

46.0m

EBIT (Q2, 2019)

55.0m

Market capitalization (7-Nov-2019)

3.7b

Closing stock price (7-Nov-2019)

53.4

Cash (30-Jun-2019)

219.0m

EV

4.0b
TriNet's current market capitalization is $3.7 b.
Annual
USDFY, 2016FY, 2017FY, 2018

Revenue

3.1b3.3b3.5b

Revenue growth, %

15%7%7%

Cost of goods sold

2.6b2.7b2.8b

Gross profit

456.1m596.0m664.0m
Quarterly
USDQ1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019

Revenue

807.6m800.5m819.3m861.0m850.0m875.0m934.0m935.0m

Cost of goods sold

665.1m650.4m663.4m698.0m681.0m705.0m747.0m767.0m

Gross profit

142.5m150.2m155.9m163.0m169.0m170.0m187.0m168.0m

Gross profit Margin, %

18%19%19%19%20%19%20%18%
Annual
USDFY, 2016FY, 2017FY, 2018

Cash

184.0m336.0m228.0m

Accounts Receivable

11.0m

Prepaid Expenses

10.8m8.0m48.0m

Current Assets

1.5b2.0b1.6b
Quarterly
USDQ1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019

Cash

216.1m233.9m263.5m330.0m202.0m237.0m251.0m219.0m

Accounts Receivable

8.0m7.0m5.0m12.0m10.0m

Prepaid Expenses

9.1m13.0m11.0m22.0m37.0m38.0m58.0m64.0m

Current Assets

1.3b1.2b1.2b1.4b1.2b1.3b1.5b1.5b
Annual
USDFY, 2016FY, 2017FY, 2018

Net Income

61.4m178.0m192.0m

Depreciation and Amortization

39.2m35.0m46.0m

Accounts Payable

9.2m22.0m(8.0m)

Cash From Operating Activities

144.5m253.0m(104.0m)
Quarterly
USDQ1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019

Net Income

28.7m68.7m111.5m54.0m112.0m163.0m63.0m109.0m

Depreciation and Amortization

8.1m16.5m26.2m10.0m24.0m36.0m18.0m27.0m

Accounts Payable

(413.0k)4.0m5.5m(15.0m)(14.0m)(9.0m)9.0m(11.0m)

Cash From Operating Activities

75.9m104.1m159.0m(536.0m)(543.0m)(476.0m)(142.0m)(162.0m)
USDY, 2019

EV/EBIT

72.4 x

EV/CFO

-24.6 x

Debt/Equity

1.1 x

Debt/Assets

0.2 x

Financial Leverage

5.3 x
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TriNet Operating Metrics

TriNet's Enterprise Customers was reported to be 16.9 k in FY, 2018.
FY, 2014Q1, 2015Q2, 2015Q3, 2015FY, 2015Q1, 2016Q2, 2016Q3, 2016FY, 2016Q1, 2017Q2, 2017Q3, 2017FY, 2017Q1, 2018Q2, 2018Q3, 2018FY, 2018Q1, 2019Q2, 2019

Enterprise Customers

10 k11 k11 k12 k12.70 k13 k13 k13 k13.90 k14 k14 k15 k14.80 k16 k16 k16.40 k16.90 k

Payroll Payments

$25 b$31 b$34.28 b$9.82 b$7.96 b$8.06 b$37.12 b$10.32 b$8.37 b$8.67 b$37.67 b$11.62 b$9.11 b

Average Number of Worksite Employees Paid

326.85 k327.80 k324.19 k324.04 k324.68 k314.56 k313.85 k318.13 k317.10 k312.76 k318.87 k

Worksite Employees Paid

337.89 k330.73 k329.10 k325.14 k325.37 k316.72 k318.92 k317.50 k325.62 k316.91 k323.96 k
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TriNet Acquisitions / Subsidiaries

Acquired CompanyDateDeal Size
TeleborderApril 07, 2016
Cost CooperativeFebruary 01, 2014
ExpenseCloudMay 09, 2012
Gevity HRMarch 05, 2009$98 m
210 Park Avenue Holding, Inc.
Accord Human Resources 12, Inc.
Accord Technology LLC
Affiliated Risk Management, Inc.
ALSUB-36, Inc.
Ambrose Advisory Services, LLC
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TriNet Revenue Breakdown

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TriNet revenue breakdown by business segment: 86.1% from Insurance Services and 13.9% from Professional Services

TriNet Online and Social Media Presence

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TriNet News and Updates

TriNet Introduces Workforce Analytics to Help Small and Medium Size Businesses Enhance and Streamline Strategic Business Decisions

DUBLIN, Calif.—July 16, 2019 – TriNet (NYSE: TNET), a leading provider of full-service HR solutions for small and medium size businesses (SMBs), today announced the release of its HR reporting and analytics tool, TriNet Workforce Analytics. Integrated with the TriNet HR platform, Workforce Analytics…

TriNet to Report Second Quarter 2019 Financial Results on July 25

DUBLIN, Calif., July 11, 2019 /PRNewswire/ -- TriNet (NYSE: TNET), a leading provider of full-service HR solutions for small and medium size businesses (SMBs), today announced it will release financial results for the second quarter ended June 30 2019 after U.S. market hours on Thursday,...

TriNet to Present at the 2019 Stifel Cross Sector Insight Conference

DUBLIN, Calif., May 29, 2019 /PRNewswire/ -- TriNet (NYSE: TNET), a leading provider of full-service HR solutions for small and medium size businesses (SMBs), today announced that Richard Beckert, Chief Financial Officer, will be presenting at the Stifel Cross Sector Insight Conference in ...

TriNet to Present at the William Blair 39th Annual Growth Stock Conference

DUBLIN, Calif., May 23, 2019 /PRNewswire/ -- TriNet (NYSE: TNET), a leading provider of full-service HR solutions for small and medium size businesses (SMBs), today announced that Richard Beckert, Chief Financial Officer, will be presenting at the William Blair 39th Annual Growth Stock...

TriNet Names Dilshad Simons Senior Vice President, Products

DUBLIN, Calif., March 14, 2019 /PRNewswire/ -- TriNet (NYSE: TNET), a leading provider of full-service HR solutions for small and medium size businesses (SMBs), today announced that Dilshad Simons has joined the company as senior vice president, Products. Reporting directly to Burton M....

TriNet to Report Fourth Quarter and Full Year 2018 Financial Results on February 14

DUBLIN, Calif., Jan. 31, 2019 /PRNewswire/ -- TriNet (NYSE: TNET), a leading provider of full-service HR solutions for small and medium size businesses (SMBs), today announced it will release financial results for the fourth quarter and full year ended December 31, 2018 after U.S. market...
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TriNet Blogs

Five Moves Your Employees Can Make to Maximize Their Retirement Savings in 2019

As part of a comprehensive benefits package, a retirement savings plan can help to attract and retain top talent, and may even be required in some areas. As a small business owner, here are some things you need to know—and communicate to your employees—about upcoming changes to retirement benefits i…

The Big Impact of Supporting Small Businesses This Saturday and Beyond

My role as president and CEO of TriNet gives me a front-row seat to the amazing impact small businesses have on the world around us and how their work touches all our lives in numerous ways. I am proud to support America’s entrepreneurs and encourage others to do so as well, not just on Small Busine…

TriNet Frequently Asked Questions

  • When was TriNet founded?

    TriNet was founded in 1988.

  • Who are TriNet key executives?

    TriNet's key executives are Burton M. Goldfield, Richard Beckert and Barrett Boston.

  • How many employees does TriNet have?

    TriNet has 3,000 employees.

  • What is TriNet revenue?

    Latest TriNet annual revenue is $3.5 b.

  • What is TriNet revenue per employee?

    Latest TriNet revenue per employee is $1.2 m.

  • Who are TriNet competitors?

    Competitors of TriNet include Zenefits, Gusto and Workday.

  • Where is TriNet headquarters?

    TriNet headquarters is located at 1Park Place Suite 600, Dublin.

  • Where are TriNet offices?

    TriNet has offices in Dublin, Alexandria, Atlanta, Austin and in 39 other locations.

  • How many offices does TriNet have?

    TriNet has 47 offices.