NYSE$TNET
TriNet Group Inc. · Q1 2022 earnings
Q1 2022 earnings · · Investor relations
Briefing
Announced first quarter results with a 15% increase in total revenues, a 27% increase in professional service revenues, and net income per diluted share of $2.21 and adjusted net income per diluted share of $2.55.
TriNet reported a strong first quarter in 2022, marked by a 15% increase in total revenues to $1.2 billion and a 27% increase in professional service revenues to $194 million. The company's net income was $146 million, with a diluted share earning of $2.21. Strategic initiatives, including the acquisition of Zenefits, and returning capital to shareholders through a $316 million tender offer, contributed to the company's performance.
- Total revenues increased by 15% to $1.2 billion compared to the same period last year.
- Professional service revenues increased by 27% to $194 million compared to the same period last year.
- Net income was $146 million, or $2.21 per diluted share, compared to $101 million, or $1.51 per diluted share, in the same period last year.
- Adjusted Net Income was $168 million, or $2.55 per diluted share, compared to $111 million, or $1.66 per diluted share, in the same period last year.
Headline financials
Revenue & EPS history
TriNet · Revenue · Quarterly
$1.22B
Revenue by segment
TriNet · $1.02B total across 1 segment · Q1 2022
- Insurance Service Revenues$1.02B+12.9%100.0%
Forward guidance
TriNet provided its second quarter and full-year 2022 guidance. Total Revenues are expected to increase 8%-9% for Q2 2022 and 7%-9% for the full year 2022. Professional Service Revenues are expected to increase 14%-15% for Q2 2022 and 15%-18% for the full year 2022. The Insurance Cost Ratio is expected to be 88.5%-87.5% for Q2 2022 and 89.0%-88.0% for the full year 2022. Diluted net income per share of common stock is expected to be $0.69-$0.80 for Q2 2022 and $3.28-$3.91 for the full year 2022. Adjusted Net Income per share - diluted is expected to be $1.10-$1.21 for Q2 2022 and $4.70-$5.35 for the full year 2022.
Tailwinds
- Total Revenues are expected to increase 8%-9% for Q2 2022 and 7%-9% for the full year 2022.
- Professional Service Revenues are expected to increase 14%-15% for Q2 2022 and 15%-18% for the full year 2022.
- Diluted net income per share of common stock is expected to be $0.69-$0.80 for Q2 2022.
- Diluted net income per share of common stock is expected to be $3.28-$3.91 for the full year 2022.
- Adjusted Net Income per share - diluted is expected to be $1.10-$1.21 for Q2 2022.
Headwinds
- Insurance Cost Ratio is expected to be 88.5%-87.5% for Q2 2022.
- Insurance Cost Ratio is expected to be 89.0%-88.0% for the full year 2022.
- Adjusted Net Income per share - diluted is expected to be $4.70-$5.35 for the full year 2022.
- Net income is expected to decrease (45)%-(52)% for Q2 2022.
- Net income is expected to decrease (25)%-(37)% for the full year 2022.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2022
+0.7%
Avg return
Earnings day
+1.7%
Avg return
5 days after
+3.1%
Avg return
30 days after
50%
27 / 54 earnings
Positive
+25.2%
Q4 2018
Best reaction
-39.2%
Q2 2015
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +3.3% | -1.1% | +6.7% | |
| Q4 2025 | -10.8% | -7.7% | -19.6% | |
| Q3 2025 | -2.7% | -4.4% | -6.6% | |
| Q2 2025 | -1.6% | -0.4% | +2.9% | |
| Q1 2025 | -0.4% | +1.0% | +4.6% | |
| Q4 2024 | -14.8% | -21.7% | -18.6% | |
| Q3 2024 | -9.8% | -6.5% | +1.5% | |
| Q2 2024 | -4.6% | -4.2% | -5.7% | |
| Q1 2024 | -18.5% | -19.7% | -15.2% | |
| Q4 2023 | +12.4% | +8.9% | +11.0% | |
| Q3 2023 | -2.6% | -8.9% | -0.1% | |
| Q2 2023 | +4.6% | +9.0% | +9.9% | |
| Q1 2023 | +10.9% | +12.5% | +9.5% | |
| Q4 2022 | +11.7% | +15.5% | -2.7% | |
| Q3 2022 | -11.6% | -12.1% | -5.0% | |
| Q2 2022 | +0.8% | +2.0% | +7.1% | |
| Q1 2022 | -1.5% | -4.2% | -16.1% | |
| Q4 2021 | +2.6% | +3.6% | +7.2% | |
| Q3 2021 | +1.6% | +4.4% | +9.9% | |
| Q2 2021 | +7.6% | +13.2% | +24.7% | |
| Q1 2021 | -9.3% | -8.2% | -9.6% | |
| Q4 2020 | -7.0% | -5.3% | -4.2% | |
| Q3 2020 | -3.1% | -4.6% | +6.4% | |
| Q2 2020 | +13.6% | +6.7% | +9.9% | |
| Q1 2020 | +19.2% | +6.1% | +20.1% | |
| Q4 2019 | +19.5% | +14.7% | -7.8% | |
| Q3 2019 | -13.1% | -14.3% | -6.2% | |
| Q2 2019 | +6.1% | +0.7% | -10.3% | |
| Q1 2019 | +1.2% | +5.5% | +1.7% | |
| Q4 2018 | +25.2% | +26.2% | +26.7% | |
| Q3 2018 | +3.7% | +2.6% | -0.5% | |
| Q2 2018 | -5.4% | -5.0% | +3.1% | |
| Q1 2018 | +1.9% | +0.8% | +5.0% | |
| Q4 2017 | +12.5% | +11.8% | +10.5% | |
| Q3 2017 | +20.5% | +20.4% | +28.9% | |
| Q2 2017 | +19.6% | +17.6% | +4.8% | |
| Q1 2017 | +10.5% | +7.2% | +7.2% | |
| Q4 2016 | +5.6% | +5.2% | +5.4% | |
| Q3 2016 | +8.0% | +5.4% | +31.7% | |
| Q2 2016 | -3.6% | -3.1% | -3.2% | |
| Q1 2016 | +9.6% | — | — | |
| Q4 2015 | -8.2% | — | — | |
| Q3 2015 | -4.6% | — | — | |
| Q2 2015 | -39.2% | — | — | |
| Q1 2015 | -21.1% | — | — | |
| Q4 2012 | -0.1% | — | — | |
| Q4 2014 | -7.7% | — | — | |
| Q3 2013 | +0.8% | — | — | |
| Q3 2014 | -0.6% | — | — | |
| Q2 2013 | +1.4% | — | — | |
| Q2 2014 | +11.3% | — | — | |
| Q1 2013 | -1.3% | — | — | |
| Q4 2013 | -1.3% | — | — | |
| Q1 2014 | -1.3% | — | — |
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