Filing Flows › Trinet Group (TNET) › Q2 2025
Trinet Group (TNET) Q2 2025 earnings results (second quarter 2025)
10-Q filed Jul 25, 2025
Trinet Group (TNET) reported revenue of $1.2B for the second quarter 2025 (Q2 2025), -0.4% from a year earlier and -4% from the quarter before. Operating margin was 4.1%, net earnings $37.0M (3.0% of revenue).
Trinet Group, Q2 2025: revenue $1.2B (-0.4% year over year), operating margin 4.1%, net earnings $37.0M, operating cash flow $75.0M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.2B | -4% | -0.4% |
| Operating profit | $51.0M | -56% | -36% |
| Net earnings | $37.0M | -56% | -38% |
| Operating cash flow | $75.0M | -21% | +92% |
| Free cash flow | $57.0M | -28% | +159% |
What changed
Revenue was $1.2B in Q2 2025, roughly flat year over year and down 4% from the previous quarter.
Operating profit was $0.05B, a 4.1% margin (down 2.3 points year over year). Total costs grew 2% against flat revenue. The fastest-growing cost line was General & admin (+11%). Net earnings were $0.04B, down 38% year over year. The effective tax rate was 27.5%.
Operating cash flow was $0.07B (up 92% year over year), 203% of net earnings. Non-cash charges added back $0.02B of share-based compensation. Working capital and other items added $0.02B. Capital expenditures of $0.02B left free cash flow of $0.06B.
Questions
What was Trinet Group's revenue in the second quarter 2025?
Trinet Group (TNET) reported revenue of $1.2B for the second quarter 2025 (Q2 2025), -0.4% from a year earlier and -4% from the quarter before.
Was Trinet Group profitable in the second quarter 2025?
Operating profit was $51.0M (4.1% of revenue) and net earnings $37.0M.
Source: Trinet Group 10-Q on SEC EDGAR.