NYSE$TNET
TriNet Group Inc. · Q3 2022 earnings
Q3 2022 earnings · · Investor relations
Briefing
TriNet's Q3 2022 financial results were announced, demonstrating growth in total revenues and professional service revenues. The company expanded its product line and achieved strong financial performance.
TriNet Group, Inc. reported an 8% increase in total revenues, reaching $1.2 billion for Q3 2022. Professional service revenues saw a 21% increase, totaling $189 million. Net income remained consistent at $77 million, with diluted net income per share increasing to $1.22. The company also provided Q4 and full-year 2022 guidance.
- Total revenues increased by 8% to $1.2 billion compared to the same period last year.
- Professional service revenues grew by 21% to $189 million compared to the same period last year.
- Net income was $77 million, or $1.22 per diluted share, compared to $77 million, or $1.16 per diluted share, in the same period last year.
- Adjusted Net Income was $104 million, or $1.64 per diluted share, compared to Adjusted Net Income of $87 million, or $1.31 per diluted share, in the same period last year.
Headline financials
Revenue & EPS history
TriNet · Revenue · Quarterly
$1.24B
Revenue by segment
TriNet · $1.05B total across 1 segment · Q3 2022
- Insurance Service Revenues$1.05B+6.0%100.0%
Forward guidance
TriNet provided its third quarter and full-year 2022 guidance. Percentages reflect the increase or (decrease) from the prior year quarter and prior year end.
Tailwinds
- Professional Service Revenues: 7% - 10% (Q4 2022), 17% - 18% (Full Year 2022)
Headwinds
- Total Revenues: (2)% - 0% (Q4 2022), 7% - 8% (Full Year 2022)
- Diluted net income (loss) per share of common stock: $(0.47) - $0.07 (Q4 2022), $4.30 - $4.85 (Full Year 2022)
- Adjusted Net Income per share - diluted: $0.00 - $0.50 (Q4 2022), $5.90 - $6.40 (Full Year 2022)
- Insurance Cost Ratio: 93.0% - 97.0% (Q4 2022), 86.0% - 85.0% (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 Q3 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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