NYSE$TNET
TriNet Group Inc. · Q4 2022 earnings
Q4 2022 earnings · · Investor relations
Briefing
Announced fourth quarter and fiscal year 2022 results, showing growth in professional service revenues for the quarter.
TriNet Group, Inc. reported flat total revenues at $1.2 billion for Q4 2022 compared to the same period last year, while professional service revenues increased by 9% to $189 million. Net income decreased to $49 million, or $0.78 per diluted share, from $69 million, or $1.03 per diluted share, in the same period last year. Adjusted Net Income was $71 million, or $1.11 per diluted share, compared to $74 million, or $1.13 per diluted share, in the same period last year.
- Professional service revenues increased 9% to $189 million compared to the same period last year.
- Total revenues were flat at $1.2 billion compared to the same period last year.
- Net income was $49 million, or $0.78 per diluted share, compared to net income of $69 million, or $1.03 per diluted share, in the same period last year.
- Average Worksite Employees (WSEs) decreased 3% as compared to the same period last year, to approximately 348,000.
Headline financials
Revenue & EPS history
TriNet · Revenue · Quarterly
$1.23B
Revenue by segment
TriNet · $1.04B total across 1 segment · Q4 2022
- Insurance Service Revenues$1.04B-2.0%100.0%
Forward guidance
TriNet provided its first quarter and full-year 2023 guidance. Percentages reflect the increase or (decrease) from the prior year quarter and prior year end.
Tailwinds
- Q1 2023 Total Revenues are expected to increase by 1% to 2%.
- Q1 2023 Professional Service Revenues are expected to increase by 4% to 6%.
- Q1 2023 Diluted net income per share of common stock is expected to be $1.33 to $1.82.
- Q1 2023 Adjusted Net Income per share - diluted is expected to be $1.70 to $2.20.
- Full Year 2023 Professional Service Revenues are expected to increase by 1% to 5%.
Headwinds
- Full Year 2023 Total Revenues are expected to decrease by (2)% to increase by 2%.
- Q1 2023 Insurance Cost Ratio is expected to be 86.5%.
- Full Year 2023 Insurance Cost Ratio is expected to be 83.0% to 89.0%.
- Full Year 2023 Diluted net income (loss) per share of common stock is expected to be $3.30 to $4.08.
- Full Year 2023 Adjusted Net Income per share - diluted is expected to be $4.85 to $5.65.
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 Q4 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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