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.
| Type | Public | |
| Founded | 1988 | |
| HQ | Dublin, CA, US | Map |
| Website | trinet.com | |
| Employee Ratings | More | |
| Overall Culture | B | More |
Recent NewsAll News
- TriNet and The New York Times Debut The People Report at TriNet PeopleForce
- TriNet PeopleForce Launches Monday, September 13
- TriNet President and Chief Executive Officer Burton M. Goldfield to Reveal Current State of Small and Medium-Size Businesses at TriNet PeopleForce
- TriNet Board Members Ralph Clark and Maria Contreras-Sweet Join TriNet PeopleForce Roster of Distinguished Speakers
Key People/Management at TriNet
Burton M. Goldfield
President, Chief Executive Officer & Director
Michael Mendenhall
Senior Vice President and Chief Marketing Officer, Chief Communications Officer
Catherine Wragg
Senior Vice President of Human Resources
Samantha Wellington
Senior Vice President, Chief Legal Officer and Secretary
Dilshad Simons
Senior Vice President, Products
Lisa Reeves
Chief Product Officer
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
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
Quarterly
| USD | Q1, 2017 | Q2, 2017 | Q3, 2017 | Q1, 2018 | Q2, 2018 | Q3, 2018 | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q3, 2020 |
|---|---|---|---|---|---|---|---|---|---|---|
Revenue | 807.6m | 800.5m | 819.3m | 861.0m | 850.0m | 875.0m | 934.0m | 935.0m | 969.0m | 126.0m |
Cost of goods sold | 665.1m | 650.4m | 663.4m | 698.0m | 681.0m | 705.0m | 747.0m | 767.0m | 807.0m | |
Gross profit | 142.5m | 150.2m | 155.9m | 163.0m | 169.0m | 170.0m | 187.0m | 168.0m | 162.0m | |
Gross profit Margin, % | 18% | 19% | 19% | 19% | 20% | 19% | 20% | 18% | 17% |
Annual
Quarterly
| USD | Q1, 2017 | Q2, 2017 | Q3, 2017 | Q1, 2018 | Q2, 2018 | Q3, 2018 | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q3, 2020 |
|---|---|---|---|---|---|---|---|---|---|---|
Cash | 216.1m | 233.9m | 263.5m | 330.0m | 202.0m | 237.0m | 251.0m | 219.0m | 216.0m | 563.0m |
Accounts Receivable | 8.0m | 7.0m | 5.0m | 12.0m | 10.0m | 9.0m | 6.0m | |||
Prepaid Expenses | 9.1m | 13.0m | 11.0m | 22.0m | 37.0m | 38.0m | 58.0m | 64.0m | 63.0m | 53.0m |
Current Assets | 1.3b | 1.2b | 1.2b | 1.4b | 1.2b | 1.3b | 1.5b | 1.5b | 1.4b | 2.0b |
Annual
Quarterly
| USD | Q1, 2017 | Q2, 2017 | Q3, 2017 | Q1, 2018 | Q2, 2018 | Q3, 2018 | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q3, 2020 |
|---|---|---|---|---|---|---|---|---|---|---|
Net Income | 28.7m | 68.7m | 111.5m | 54.0m | 112.0m | 163.0m | 63.0m | 109.0m | 164.0m | 250.0m |
Depreciation and Amortization | 8.1m | 16.5m | 26.2m | 10.0m | 24.0m | 36.0m | 18.0m | 27.0m | 41.0m | 49.0m |
Accounts Payable | (413.0k) | 4.0m | 5.5m | (15.0m) | (14.0m) | (9.0m) | 9.0m | (11.0m) | (16.0m) | 10.0m |
Cash From Operating Activities | 75.9m | 104.1m | 159.0m | (536.0m) | (543.0m) | (476.0m) | (142.0m) | (162.0m) | (211.0m) | (40.0m) |
| USD | FY, 2016 |
|---|---|
Revenue/Employee | 1.2m |
Debt/Equity | 13.3 x |
Debt/Assets | 0.2 x |
Financial Leverage | 60.6 x |
TriNet Operating Metrics
TriNet's Enterprise Customers was reported to be 18.9 k in FY, 2019.
| FY, 2014 | Q1, 2015 | Q2, 2015 | Q3, 2015 | FY, 2015 | Q1, 2016 | Q2, 2016 | Q3, 2016 | FY, 2016 | Q1, 2017 | Q2, 2017 | Q3, 2017 | FY, 2017 | Q1, 2018 | Q2, 2018 | Q3, 2018 | FY, 2018 | Q1, 2019 | Q2, 2019 | Q3, 2019 | FY, 2019 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Enterprise Customers | 10 k | 11 k | 11 k | 12 k | 12.7 k | 13 k | 13 k | 13 k | 13.9 k | 14 k | 14 k | 15 k | 14.8 k | 16 k | 16 k | 16.4 k | 16.9 k | 18.9 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 k | 327.8 k | 324.19 k | 324.04 k | 324.68 k | 314.56 k | 313.85 k | 318.13 k | 317.1 k | 312.76 k | 318.87 k | 330.97 k | 324.93 k | ||||||||
Worksite Employees Paid | 337.89 k | 330.73 k | 329.1 k | 325.14 k | 325.37 k | 316.72 k | 318.92 k | 317.5 k | 325.62 k | 316.91 k | 323.96 k | 331.58 k | 340.02 k |
TriNet Acquisitions / Subsidiaries
| Company Name | Date | Deal Size |
|---|---|---|
| Teleborder | April 07, 2016 | |
| Cost Cooperative | February 01, 2014 | |
| ExpenseCloud | May 09, 2012 | |
| Gevity HR | March 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 |
TriNet Revenue Breakdown
TriNet revenue breakdown by business segment: 86.3% from Insurance Services and 13.7% from Professional Services
TriNet Cybersecurity Score
TriNet Online and Social Media Presence
27.04k Twitter followers
TriNet has 27.04k Twitter Followers. The number of followers has decreased 0.1% month over month and decreased 1% quarter over quarter
TriNet's Trends
Twitter Engagement Stats for @TriNet
29.7k
Tweets
361
Following
27k
Followers
91
Tweets last 30 days
1.4
Avg. likes per Tweet
73.6%
Tweets with engagement
TriNet Company Culture
Overall Culture
B
73/100
CEO Rating
A+
82/100
Compensation
B+
78/100
Diversity
B+
78/100
TriNet News and Updates
September 13, 2021
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...
September 12, 2021
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...
September 12, 2021
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...
September 11, 2021
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...
July 27, 2021
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...
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...
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.
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