Filing Flows › Trinet Group (TNET) › Q2 2026 › vs Q2 2025
Trinet Group (TNET) Q2 2026 vs Q2 2025 (year over year)
Trinet Group's revenue fell $60.0M (-5%) from $1.2B in Q2 2025 to $1.2B in Q2 2026. Operating margin 6.3% against 4.1% (+2.2 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 Q2 2025, the increases inside each band.
Margins
| Q2 2026 | Q2 2025 | Change | |
|---|---|---|---|
| Operating margin | 6.3% | 4.1% | +2.2 pts |
| Net margin | 4.5% | 3.0% | +1.5 pts |
| Free cash flow margin | 5.7% | 4.6% | +1.1 pts |
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| Revenue | $1.2B | $1.2B | −$60.0M | -5% |
| Operating profit | $74.0M | $51.0M | $23.0M | +45% |
| Costs & expenses | $1.1B | $1.2B | −$83.0M | -7% |
| Pre-tax earnings | $74.0M | $51.0M | $23.0M | +45% |
| Research & development | $17.0M | $17.0M | $0 | 0% |
| Sales & marketing | $66.0M | $68.0M | −$2.0M | -3% |
| General & admin | $56.0M | $52.0M | $4.0M | +8% |
| Other operating costs | $965M | $1.1B | −$85.0M | -8% |
| Net earnings | $53.0M | $37.0M | $16.0M | +43% |
| Income tax | $21.0M | $14.0M | $7.0M | +50% |
| Share-based compensation | $17.0M | $18.0M | −$1.0M | -6% |
| Working capital & other | $18.0M | $20.0M | −$2.0M | -10% |
| Operating cash flow | $88.0M | $75.0M | $13.0M | +17% |
| Free cash flow (OCF − capex) | $67.0M | $57.0M | $10.0M | +18% |
| Capital expenditures | $21.0M | $18.0M | $3.0M | +17% |
Questions
How much did Trinet Group's revenue grow year over year in Q2 2026?
Trinet Group's revenue fell $60.0M (-5%) from $1.2B in Q2 2025 to $1.2B in Q2 2026. Operating margin 6.3% against 4.1% (+2.2 pts).