Revenue: As of FY2026 Q2, the actual value is USD 1.178 B.

EPS: As of FY2026 Q2, the actual value is USD 1.15.

EBIT: As of FY2026 Q2, the actual value is USD 76 M.

Second Quarter 2026 Financial Highlights

Revenue

• Total revenues for the three months ended June 30, 2026, decreased 5% year-over-year to $1,178 million from $1,238 million in the prior year period. For the six months ended June 30, 2026, total revenues were $2,404 million, a 5% decrease from $2,530 million in the same period last year.
• Professional service revenues for the three months ended June 30, 2026, decreased 8% to $159 million from $172 million in 2025. For the six months ended June 30, 2026, professional service revenues were $348 million, down from $381 million in 2025.
• Insurance service revenues for the three months ended June 30, 2026, were $1,007 million, down from $1,048 million in 2025. For the six months ended June 30, 2026, insurance service revenues were $2,030 million, down from $2,113 million in 2025.
• Interest income for the three months ended June 30, 2026, was $12 million, down from $18 million in 2025. For the six months ended June 30, 2026, interest income was $26 million, down from $36 million in 2025.

Profitability

• Net income was $53 million for the three months ended June 30, 2026, a 43% increase compared to $37 million in the same period last year. For the six months ended June 30, 2026, net income was $142 million, an increase of 16% from $122 million in 2025.
• Adjusted Net Income was $72 million for the three months ended June 30, 2026, a 31% increase compared to $55 million in the same period last year. For the six months ended June 30, 2026, Adjusted Net Income was $188 million, an increase of 22% from $154 million in 2025.
• Adjusted EBITDA was $128 million for the three months ended June 30, 2026, a 22% increase compared to $105 million in the same period last year. For the six months ended June 30, 2026, Adjusted EBITDA was $314 million, an increase of 17% from $268 million in 2025.
• Adjusted EBITDA Margin was 10.9% for the three months ended June 30, 2026, compared to 8.5% in the same period last year. For the six months ended June 30, 2026, Adjusted EBITDA Margin was 13.1%, up from 10.6% in 2025.
• Income before tax for the three months ended June 30, 2026, was $74 million, up from $51 million in 2025. For the six months ended June 30, 2026, income before tax was $197 million, up from $166 million in 2025.

Operating Costs

• Insurance costs for the three months ended June 30, 2026, were $867 million, down from $947 million in 2025. For the six months ended June 30, 2026, insurance costs were $1,723 million, down from $1,889 million in 2025.
• Cost of providing services for the three months ended June 30, 2026, was $65 million, down from $71 million in 2025. For the six months ended June 30, 2026, cost of providing services was $135 million, down from $142 million in 2025.
• Sales and marketing expenses for the three months ended June 30, 2026, were $66 million, down from $68 million in 2025. For the six months ended June 30, 2026, sales and marketing expenses were $135 million, unchanged from $135 million in 2025.
• General and administrative expenses for the three months ended June 30, 2026, were $56 million, up from $52 million in 2025. For the six months ended June 30, 2026, general and administrative expenses were $115 million, up from $98 million in 2025.
• Total costs and operating expenses for the three months ended June 30, 2026, were $1,104 million, down from $1,187 million in 2025. For the six months ended June 30, 2026, total costs and operating expenses were $2,207 million, down from $2,364 million in 2025.

Cash Flow

• Net cash provided by operating activities was $88 million for the three months ended June 30, 2026. For the six months ended June 30, 2026, net cash provided by operating activities was $237 million, a 39% increase from $170 million in 2025.
• Free Cash Flow was $67 million for the three months ended June 30, 2026. For the six months ended June 30, 2026, Free Cash Flow was $190 million, a 40% increase from $136 million in 2025.
• Net cash used in investing activities for the six months ended June 30, 2026, was - $84 million, compared to - $7 million in 2025, representing a 1,100% change year-over-year.
• Net cash used in financing activities for the six months ended June 30, 2026, was - $757 million, compared to - $428 million in 2025, representing a 77% change year-over-year.

Balance Sheet Data (as of June 30, 2026 vs. December 31, 2025)

• Cash and cash equivalents were $358 million, a 25% increase from $287 million at December 31, 2025.
• Working capital was $275 million, a 19% increase from $231 million at December 31, 2025.
• Total assets were $3,346 million, a -12% decrease from $3,797 million at December 31, 2025.
• Debt was $896 million, remaining nearly unchanged from $895 million at December 31, 2025.
• Total stockholders’ equity was $125 million, a 131% increase from $54 million at December 31, 2025.

Operational Metrics

• Average Worksite Employees (WSEs) for the three months ended June 30, 2026, decreased 11% to approximately 297,615 compared to 336,010 in 2025. For the six months ended June 30, 2026, average WSEs were 298,916, a decrease of 12% from 338,377 in 2025.
• The Insurance Cost Ratio was 86% for the three months ended June 30, 2026, compared to 90% in 2025. For the six months ended June 30, 2026, the Insurance Cost Ratio was 85%, compared to 89% in 2025.

Full-Year 2026 Guidance

TriNet Group, Inc. updated its full-year 2026 guidance, expecting total revenues to range from $4,750 million to $4,900 million and professional service revenues between $647 million and $663 million. The company anticipates an Adjusted EBITDA Margin of 8.5% to 9.0% and an Insurance Cost Ratio between 89.50% and 88.50%. Diluted net income per share is projected to be $2.85 to $3.35, while Adjusted Net Income per share is expected to be $4.50 to $5.10.