Filing Flows › Trinet Group (TNET) › Q2 2026 › vs Q1 2026
Trinet Group (TNET) Q2 2026 vs Q1 2026 (quarter over quarter)
Trinet Group's revenue fell $48.0M (-4%) from $1.2B in Q1 2026 to $1.2B in Q2 2026. Operating margin 6.3% against 10.0% (-3.8 pts).
Trinet Group, Q2 2026: revenue $1.2B (-5% year over year), operating margin 6.3%, net earnings $53.0M, operating cash flow $88.0M. The chart draws each line against Q1 2026, the increases inside each band.
Margins
| Q2 2026 | Q1 2026 | Change | |
|---|---|---|---|
| Operating margin | 6.3% | 10.0% | -3.8 pts |
| Net margin | 4.5% | 7.3% | -2.8 pts |
| Free cash flow margin | 5.7% | 10.0% | -4.3 pts |
Every line
| Line | Q2 2026 | Q1 2026 | Change | % |
|---|---|---|---|---|
| Revenue | $1.2B | $1.2B | −$48.0M | -4% |
| Operating profit | $74.0M | $123M | −$49.0M | -40% |
| Costs & expenses | $1.1B | $1.1B | $1.0M | +0.1% |
| Pre-tax earnings | $74.0M | $123M | −$49.0M | -40% |
| Research & development | $17.0M | $19.0M | −$2.0M | -11% |
| Sales & marketing | $66.0M | $69.0M | −$3.0M | -4% |
| General & admin | $56.0M | $59.0M | −$3.0M | -5% |
| Other operating costs | $965M | $956M | $9.0M | +0.9% |
| Net earnings | $53.0M | $89.0M | −$36.0M | -40% |
| Income tax | $21.0M | $34.0M | −$13.0M | -38% |
| Share-based compensation | $17.0M | $16.0M | $1.0M | +6% |
| Working capital & other | $18.0M | $44.0M | −$26.0M | -59% |
| Operating cash flow | $88.0M | $149M | −$61.0M | -41% |
| Free cash flow (OCF − capex) | $67.0M | $123M | −$56.0M | -46% |
| Capital expenditures | $21.0M | $26.0M | −$5.0M | -19% |
Questions
How much did Trinet Group's revenue grow quarter over quarter in Q2 2026?
Trinet Group's revenue fell $48.0M (-4%) from $1.2B in Q1 2026 to $1.2B in Q2 2026. Operating margin 6.3% against 10.0% (-3.8 pts).