TriNet Group Full Year 2022 Earnings: Beats Expectations

·1 min read

TriNet Group (NYSE:TNET) Full Year 2022 Results

Key Financial Results

  • Revenue: US$4.89b (up 7.6% from FY 2021).

  • Net income: US$355.0m (up 5.0% from FY 2021).

  • Profit margin: 7.3% (down from 7.4% in FY 2021). The decrease in margin was driven by higher expenses.

  • EPS: US$5.64 (up from US$5.12 in FY 2021).


All figures shown in the chart above are for the trailing 12 month (TTM) period

TriNet Group Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 4.9%. Earnings per share (EPS) also surpassed analyst estimates by 18%.

Looking ahead, revenue is expected to decline by 62% p.a. on average during the next 3 years, while revenues in the Professional Services industry in the US are expected to grow by 4.7%.

Performance of the American Professional Services industry.

The company's shares are up 13% from a week ago.

Risk Analysis

We don't want to rain on the parade too much, but we did also find 1 warning sign for TriNet Group that you need to be mindful of.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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