NYSE$TNET
TriNet Group Inc. · Q2 2023 earnings
Q2 2023 earnings · · Investor relations
Briefing
TriNet's financial performance saw acceleration of several positive trends, service and value proposition resonated, and new sales increased.
TriNet Group, Inc. announced its second quarter 2023 results with total revenues increasing by 1% to $1.2 billion. Net income was $83 million, or $1.38 per diluted share. The company's stock repurchase program was increased by $1 billion, bringing the total available for repurchase to $1.4 billion.
- Total revenues increased 1% to $1.2 billion compared to the same period last year.
- Professional service revenues decreased 3% to $177 million compared to the same period last year.
- Net income was $83 million, or $1.38 per diluted share, compared to net income of $85 million, or $1.35 per diluted share, in the same period last year.
- Adjusted Net Income was $105 million, or $1.74 per diluted share, compared to Adjusted Net Income of $108 million, or $1.72 per diluted share, in the same period last year.
Headline financials
Revenue & EPS history
TriNet · Revenue · Quarterly
$1.21B
Revenue by segment
TriNet · $1.03B total across 1 segment · Q2 2023
- Insurance Service Revenues$1.03B+1.4%100.0%
Forward guidance
Third Quarter and Full-Year 2023 Guidance: Percentages reflect the increase or (decrease) from the prior year quarter and prior year end.
Tailwinds
- Total Revenues Q3 2023: (1)% - %
- Total Revenues Full Year 2023: 1% - 2%
- Professional Service Revenues Q3 2023: (2)% - 1%
- Professional Service Revenues Full Year 2023: % - 2%
- Diluted net income (loss) per share of common stock Full Year 2023: $4.93 - $5.71
Headwinds
- Total Revenues Q3 2023: (1)% - %
- Professional Service Revenues Q3 2023: (2)% - 1%
- Insurance Cost Ratio Q3 2023: 89.0%
- Insurance Cost Ratio Full Year 2023: 87.5%
- Diluted net income (loss) per share of common stock Q3 2023: $0.93 - $1.16
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 Q2 2023
+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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