TriNet Group (TNET)
Provides co-employment, payroll, benefits, and HR services to smaller US businesses.
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Runs a PEO co-employment platform for small and medium-size US businesses, handling payroll, benefits, workers' compensation, and HR compliance. HR Plus offers a non-co-employment alternative, while insurance-related billings and administrative fees account for most revenue.
Provides HR solutions to small and medium-size businesses through TriNet PEO and the HR Plus administrative-services offering. The PEO model co-employs client workforces for specified administrative and regulatory purposes, combining payroll and tax administration, TriNet-sponsored benefits, workers' compensation, HR guidance, and compliance support. HR Plus delivers payroll, benefits administration, and HR and compliance services without co-employment.
Extends the core platform through Open Market Solutions, which lets PEO clients sponsor broker-sourced health benefits, and Cocoon leave-management software. Industry-focused sales and HR expertise support clients, while nearly all service revenue is generated in the United States.
Earns professional-service fees and insurance-related billings and administrative fees, with the latter providing most revenue. The model depends on third-party insurance carriers, health and workers' compensation claims experience, and federal and state employment, benefits, tax, and PEO licensing rules.
Company facts
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Feb 13, 2026 | Stifel Nicolaus | Target | Target: — | Target: $75 |
| Dec 5, 2025 | Truist Financial | Target | Target: — | Target: $62 |
| Oct 30, 2025 | UBS | Reiterate | Rating: —Target: $73 | Target: $63 |
| Oct 28, 2024 | Needham | Downgrade |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $358.0M · Total debt $950.0M · Total assets $3.35B · Shareholders' equity $125.0M
- Revenue
- $1.18B
- Operating income
- $88.0M
- Net income
- $53.0M
HistoryDividendAnnual yieldUpcoming
| Institutions | 96.94% | 44.50M shares | |
|---|---|---|---|
| 286 holders · as of Jun 30, 2026 | |||
| Insiders | 2.50% | 1.15M shares | |
| 19 holders · as of Aug 31, 2026 | |||
| Other | 0.56% | 259.9K shares | |
| remainder | |||
45.90M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
Atairos Group, Inc.Institution | 39.40% | 18.09M | as of Jun 30, 2026 |
BlackRock, Inc.Institution | 5.64% | 2.59M | as of Jun 30, 2026 |
Earnest Partners LLCInstitution | 3.35% | 1.54M | as of Jun 30, 2026 |
Vanguard Portfolio Management LLCInstitution | 2.86% | 1.31M | as of Jun 30, 2026 |
Vanguard Capital Management LLCInstitution | 2.56% | 1.18M | as of Jun 30, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 27, 2026 | Paul Edward Chamberlain | director | −2,400 | $69.70 |
| Aug 20, 2026 | Sidney A. Majalya | officer: SVP, CLO and Secretary | −775 | $68.53 |
| Aug 19, 2026 | Anthony Shea Treadway | officer: SVP, Chief Revenue Officer | −1,068 | $69.80 |
| Aug 4, 2026 | Wayne B. Lowell | director | −5,773 | $68.71 |
| May 19, 2026 | Anthony Shea Treadway | officer: SVP, Chief Revenue Officer | −933 | $43.46 |
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Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| TriNet Group | $67.06 | +0.60% | $3.06B | 17.9 | 15.8 | 0.6 | −4.9% |
| Insperity | $50.59 | +0.66% | $1.92B | — | 20.9 | 0.3 | +1.7% |
| Paychex | $115.02 | +0.01% | $40.91B | 23.6 | 19.3 | 6.3 | +12.5% |
| ADP | $270.14 | +0.07% | $107.90B | 24.7 | 22.0 | 4.9 | +6.8% |
| Paycom Software | $226.34 | +0.04% | $10.20B | 24.0 | 17.2 | 4.8 | +9.8% |
| Paylocity | $146.94 | +1.74% | $7.73B | 29.4 | 16.7 | 4.4 | +11.0% |
| Median | 24.3 | 19.3 | 4.8 | +9.8% |