TriNet

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, USMap
Websitetrinet.com
Employee Ratings3.3More
Overall CultureBMore
View Jobs (147)

Recent NewsAll News

Latest Updates

Employees (est.) (Mar 2020)2,800(-3%)
Job Openings147
Revenue (FY, 2020)$4 B(+5%)
Share Price (Jun 2021)$73.9(+3%)
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
Alex Warren

Alex Warren

Senior Vice President, Customer Experience
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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 (11-Jun-2021)

4.9b

Closing stock price (11-Jun-2021)

73.9

Cash (31-Dec-2020)

301.0m

EV

5.0b
TriNet's current market capitalization is $4.9 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%
show all
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
show all
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)
show all
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

90/100

Learn more about our premium products
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TriNet Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

40-49

out of 100

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TriNet Online and Social Media Presence

TriNet's Trends

Embed Graph

TriNet Company Culture

  • Overall Culture

    B

    73/100

  • CEO Rating

    A+

    82/100

  • Compensation

    B+

    78/100

  • Diversity

    B+

    78/100

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TriNet News and Updates

May 27, 2021

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...
April 09, 2021

TriNet Webinar: Working in the New Normal - Considerations for Employers in California

DUBLIN, Calif., April 9, 2021 /PRNewswire/ -- WHAT: TriNet Webinar: Working in the New Normal - Considerations for Employers in California Millions of people are working in a new normal, whether from home or elsewhere, and the reality is that many will not go back to the workplace...
April 06, 2021

TriNet Webinar: HR Challenges and Pitfalls as Employees Return to Work

The importance of creating a positive culture within a hybrid work environment and maintaining business continuity in the face of future COVID disruptions, just scratch the surface of topics that need to be addressed as business leaders prepare to return their workforce to the office.read more
February 22, 2021

TriNet Announces Proposed Private Offering of $500 Million of Senior Notes due 2029

DUBLIN, Calif., Feb. 22, 2021 /PRNewswire/ -- TriNet Group, Inc. ("TriNet" or the "Company") (NYSE: TNET), a leading provider of comprehensive human resources solutions for small and medium-size businesses, announced today that it intends to offer, subject to market and other conditions,...
December 30, 2020

TriNet to Host Webinar on What the New COVID-19 Stimulus Package Means for Small and Medium-Size Businesses

WHAT: TriNet Webinar: What the New COVID-19 Stimulus Package Means for Small and Medium-Size Businesses (SMBs)read more
November 19, 2020

TriNet Launches Mobile App That Simplifies Open Enrollment for Todays Increasingly Distributed SMB Workforce

In time for Open Enrollment, HR solutions app allows access to benefits election renewal and flexible spending account capabilities—anytime, anywhere.read more
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TriNet Blogs

December 12, 2018

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…
November 20, 2018

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.