Overview
TriNet
TriNet is a leading provider of HR solutions for SMBs, it offers advanced technology-enabled services that include human capital expertise, employee benefits such as health insurance and retirement plans, payroll and payroll tax administration, risk mitigation, and compliance consulting. Its long-term objective is to be the premier provider of HR services for a broad range of SMBs through industry-leading benefits, sales distribution excellence, and
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Read More a world-class services delivery model. TriNet offers talent management, retention and terminations, benefits enrollment, immigration and visas, payroll tax credits, labor law and regulatory developments and many other industry-specific and general HR topics. Founded in 1988, TriNet processed almost $75 billion in payroll and payroll taxes for its clients and ended the year 360,000 WSEs, primarily in the US.
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Read More a world-class services delivery model. TriNet offers talent management, retention and terminations, benefits enrollment, immigration and visas, payroll tax credits, labor law and regulatory developments and many other industry-specific and general HR topics. Founded in 1988, TriNet processed almost $75 billion in payroll and payroll taxes for its clients and ended the year 360,000 WSEs, primarily in the US.
Read Less
#
651
Fortune 1000 Revenue Rank
Michael Q Simonds
See more contacts
Management, Scientific, and Technical Consulting Services
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Professional, Scientific, and Technical Services
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Human resource consulting services
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Communications consulting
Accounting, Tax Preparation, Bookkeeping, and Payroll Services
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Advertising, Public Relations, and Related Services
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Architectural, Engineering, and Related Services
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Computer Systems Design and Related Services
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Legal Services
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Other Professional, Scientific, and Technical Services
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Scientific Research and Development Services
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Specialized Design Services
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Actual
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Actual
$5.05 billion
Actual
1.18%
-53.87%
$4,119
DEC
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NYSE:TNET
Contacts
Get in Touch with 5 Principals* and 1,857 Contacts
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Michael Q SimondsPresident and Chief Executive Officer
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Contact 2?
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Contact 3?
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Contact 4?
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Financial Statements
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Financial data as of December 31, 2024 (12 month period) in USD
Annual Revenue 2024
$5.05 billion
USD
Actual
All financial statement data is in millions except per share data | Source: Morningstar
| Cash Flow (mil) | 2024 | 2023 | 2022 |
|---|---|---|---|
| Net Operating Cash | $279 | $539 | $497 |
| Net Investing Cash | $153 | -$70 | -$226 |
| Net Financing Cash | -$207 | -$540 | -$471 |
| Net Change in Cash | $225 | -$71 | -$200 |
| Cash at Beginning of Period | $1,466 | $1,537 | $1,738 |
| Cash at End of Period | $1,691 | $1,466 | $1,537 |
| Capital Expenditure | -$78 | -$75 | -$56 |
| Assets (mil) | 2024 | 2023 | 2022 |
|---|---|---|---|
| Current Assets | |||
| Cash and Cash Equivalents | $360 | $287 | $354 |
| Accounts Receivable | $32 | $18 | $19 |
| Inventories | $ | $ | $ |
| Other Current Assets | $2,788 | $2,273 | $1,953 |
| Asset Summary | |||
| Total Current Assets | $3,180 | $2,578 | $2,326 |
| Tangible Fixed Assets | $34 | $41 | $55 |
| Intangible Assets | $156 | $172 | $163 |
| Total Assets | $4,119 | $3,693 | $3,443 |
| Liabilities (mil) | 2024 | 2023 | 2022 |
|---|---|---|---|
| Current Liabilities | |||
| Accounts Payable | $89 | $87 | $98 |
| Short-Term Debt | $75 | $109 | $ |
| Other Current Liabilities | $2,817 | $2,267 | $1,890 |
| Liability Summary | |||
| Total Current Liabilities | $2,981 | $2,463 | $1,988 |
| Long-Term Debt | $908 | $984 | $496 |
| Other Long-Term Liabilities | $14 | $5 | $7 |
| Total Liabilities | $4,050 | $3,615 | $2,668 |
| Stakeholder's Equity (mil) | 2024 | 2023 | 2022 |
|---|---|---|---|
| Equity | |||
| Common Stock | $1,056 | $976 | $899 |
| Retained Earnings | -$984 | -$896 | -$119 |
| Equity Summary | |||
| Total Equity | $69 | $78 | $775 |
| Shares Outstanding | 49,527,506 | 50,664,471 | 60,555,661 |