OverviewSuggest Edit

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

TypePublic
Founded1988
HQDublin, CA, US
Websitetrinet.com
Employee Ratings3.2
Overall CultureB

Latest Updates

Employees (est.) (Mar 2020)2,800(-3%)
Job Openings141
Revenue (FY, 2020)$4 B(+5%)
Share Price (Sept 2021)$91.5(-1%)
Cybersecurity ratingAMore

Key People/Management at TriNet

Burton M. Goldfield

Burton M. Goldfield

President, Chief Executive Officer & Director
Michael Mendenhall

Michael Mendenhall

Senior Vice President and Chief Marketing Officer, Chief Communications Officer
Catherine Wragg

Catherine Wragg

Senior Vice President of Human Resources
Samantha Wellington

Samantha Wellington

Senior Vice President, Chief Legal Officer and Secretary
Dilshad Simons

Dilshad Simons

Senior Vice President, Products
Lisa Reeves

Lisa Reeves

Chief Product Officer
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TriNet Office Locations

TriNet has offices in Dublin, Alexandria, Atlanta, Austin and in 22 other locations
Dublin, CA, US (HQ)
1Park Place Suite 600
Alexandria, VA, US
1680 Duke St #410
Atlanta, GA, US
East Tower 3343 Peachtree Road NE Suite 550
Austin, TX, US
12331 Riata Trace Pkwy Building 4 Suite 300
Bradenton, FL, US
9000 Town Center Pkwy
Columbus, OH, US
4449 Easton Way, 2nd Floor
Show all (26)

TriNet Financials and Metrics

TriNet Revenue

TriNet's revenue was reported to be $4.03 b in FY, 2020
USD

Revenue (FY, 2020)

4.0b

Net income (FY, 2020)

272.0m

EBIT (FY, 2020)

368.0m

Market capitalization (14-Sept-2021)

6.0b

Closing stock price (14-Sept-2021)

91.5

Cash (31-Dec-2020)

301.0m

EV

6.2b
TriNet's current market capitalization is $6 b.
Annual
USDFY, 2016FY, 2017FY, 2018FY, 2019FY, 2020

Revenue

3.1b3.3b3.5b3.9b4.0b

Revenue growth, %

15%7%7%10%

Cost of goods sold

2.6b2.7b2.8b3.2b

Gross profit

456.1m596.0m664.0m684.0m
Quarterly
USDQ1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q3, 2020

Revenue

807.6m800.5m819.3m861.0m850.0m875.0m934.0m935.0m969.0m126.0m

Cost of goods sold

665.1m650.4m663.4m698.0m681.0m705.0m747.0m767.0m807.0m

Gross profit

142.5m150.2m155.9m163.0m169.0m170.0m187.0m168.0m162.0m

Gross profit Margin, %

18%19%19%19%20%19%20%18%17%
Annual
USDFY, 2016FY, 2017FY, 2018FY, 2019FY, 2020

Cash

184.0m336.0m228.0m213.0m301.0m

Accounts Receivable

11.0m9.0m18.0m

Prepaid Expenses

10.8m8.0m48.0m52.0m63.0m

Current Assets

1.5b2.0b1.6b1.9b2.2b
Quarterly
USDQ1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q3, 2020

Cash

216.1m233.9m263.5m330.0m202.0m237.0m251.0m219.0m216.0m563.0m

Accounts Receivable

8.0m7.0m5.0m12.0m10.0m9.0m6.0m

Prepaid Expenses

9.1m13.0m11.0m22.0m37.0m38.0m58.0m64.0m63.0m53.0m

Current Assets

1.3b1.2b1.2b1.4b1.2b1.3b1.5b1.5b1.4b2.0b
Annual
USDFY, 2016FY, 2017FY, 2018FY, 2019FY, 2020

Net Income

61.4m178.0m192.0m212.0m272.0m

Depreciation and Amortization

39.2m35.0m46.0m57.0m72.0m

Accounts Payable

9.2m22.0m(8.0m)(15.0m)19.0m

Cash From Operating Activities

144.5m253.0m(104.0m)471.0m546.0m
Quarterly
USDQ1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q3, 2020

Net Income

28.7m68.7m111.5m54.0m112.0m163.0m63.0m109.0m164.0m250.0m

Depreciation and Amortization

8.1m16.5m26.2m10.0m24.0m36.0m18.0m27.0m41.0m49.0m

Accounts Payable

(413.0k)4.0m5.5m(15.0m)(14.0m)(9.0m)9.0m(11.0m)(16.0m)10.0m

Cash From Operating Activities

75.9m104.1m159.0m(536.0m)(543.0m)(476.0m)(142.0m)(162.0m)(211.0m)(40.0m)
USDFY, 2016

Revenue/Employee

1.2m

Debt/Equity

13.3 x

Debt/Assets

0.2 x

Financial Leverage

60.6 x
Show all financial metrics

TriNet Operating Metrics

TriNet's Enterprise Customers was reported to be 18.9 k in FY, 2019.
FY, 2014Q1, 2015Q2, 2015Q3, 2015FY, 2015Q1, 2016Q2, 2016Q3, 2016FY, 2016Q1, 2017Q2, 2017Q3, 2017FY, 2017Q1, 2018Q2, 2018Q3, 2018FY, 2018Q1, 2019Q2, 2019Q3, 2019FY, 2019

Enterprise Customers

10 k11 k11 k12 k12.7 k13 k13 k13 k13.9 k14 k14 k15 k14.8 k16 k16 k16.4 k16.9 k18.9 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$9.4 b$41.7 b

Average Number of Worksite Employees Paid

326.85 k327.8 k324.19 k324.04 k324.68 k314.56 k313.85 k318.13 k317.1 k312.76 k318.87 k330.97 k324.93 k

Worksite Employees Paid

337.89 k330.73 k329.1 k325.14 k325.37 k316.72 k318.92 k317.5 k325.62 k316.91 k323.96 k331.58 k340.02 k
Show all operating metrics

TriNet Acquisitions / Subsidiaries

Company NameDateDeal 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

Embed Graph

TriNet revenue breakdown by business segment: 86.3% from Insurance Services and 13.7% from Professional Services

TriNet Cybersecurity Score

Cybersecurity ratingPremium dataset

A

95/100

SecurityScorecard logo

TriNet Online and Social Media Presence

Embed Graph

TriNet Company Culture

  • Overall Culture

    B

    73/100

  • CEO Rating

    A+

    82/100

  • Compensation

    B+

    78/100

  • Diversity

    B+

    78/100

Learn more on Comparably

TriNet News and Updates

TriNet and The New York Times Debut The People Report at TriNet PeopleForce

DUBLIN, Calif., Sept. 13, 2021 /PRNewswire/ -- TriNet, a leading provider of comprehensive human resources for small and medium-size businesses (SMBs), today announced "The People Report," created in conjunction with The New York Times's T Brand Studio. The report illustrates deep...

TriNet PeopleForce Launches Monday, September 13

DUBLIN, Calif., Sept. 12, 2021 /PRNewswire/ -- WHAT: The second annual, award-winning, TriNet PeopleForce conference will be taking place September 13-16. The four-day conference is being held in-person from The Times Center in New York City (built by renowned architect Renzo Piano) and...

TriNet President and Chief Executive Officer Burton M. Goldfield to Reveal Current State of Small and Medium-Size Businesses at TriNet PeopleForce

DUBLIN, Calif., Sept. 12, 2021 /PRNewswire/ -- TriNet, a leading provider of comprehensive human resources for small and medium-size businesses (SMBs), today announced that TriNet President and CEO Burton M. Goldfield will be joining a dynamic roster of thought leaders and influencers at...

TriNet Board Members Ralph Clark and Maria Contreras-Sweet Join TriNet PeopleForce Roster of Distinguished Speakers

DUBLIN, Calif., Sept. 11, 2021 /PRNewswire/ -- TriNet, a leading provider of comprehensive human resources for small and medium-size businesses (SMBs), today announced the addition of Ralph Clark, President and CEO of TriNet customer Shotspotter, Inc., and Maria Contreras-Sweet, managing...

TriNet Named to Forbes' List of Best Employers for Women 2021

DUBLIN, Calif., July 27, 2021 /PRNewswire/ -- TriNet, a leading provider of comprehensive human resources for small and medium-size businesses (SMBs), today announced it has been named to the Forbes List of Best Employers for Women 2021. "It is a great honor to be recognized by such a...

TriNet Receives Two 2021 TrustRadius Top Rated Awards for HR Management and Payroll

DUBLIN, Calif., May 27, 2021 /PRNewswire/ -- TriNet, a leading provider of comprehensive human resources for small and medium-size businesses (SMBs), today announced that TrustRadius has recognized the company with two 2021 "Top Rated" awards. TriNet has won in two major HR categories: HR...
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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, Michael Mendenhall and Catherine Wragg.

  • How many employees does TriNet have?

    TriNet has 2,800 employees.

  • What is TriNet revenue?

    Latest TriNet annual revenue is $4 b.

  • What is TriNet revenue per employee?

    Latest TriNet revenue per employee is $1.4 m.

  • Who are TriNet competitors?

    Competitors of TriNet include SD Worx, eTeam and Insperity.

  • 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 22 other locations.

  • How many offices does TriNet have?

    TriNet has 26 offices.