Filing Flows › Trinet Group (TNET) › Q3 2026 › vs Q3 2025
Trinet Group (TNET) Q3 2026 vs Q3 2025 (year over year)
Trinet Group's revenue fell $57.0M (-5%) from $1.2B in Q3 2025 to $1.2B in Q3 2026. Operating margin 3.3% against 4.1% (-0.7 pts).
Trinet Group, Q3 2026: revenue $1.2B (-5% year over year), operating margin 3.3%, net earnings $31.0M, operating cash flow $80.0M. The chart draws each line against Q3 2025, the increases inside each band.
Margins
| Q3 2026 | Q3 2025 | Change | |
|---|---|---|---|
| Operating margin | 3.3% | 4.1% | -0.7 pts |
| Net margin | 2.6% | 2.8% | -0.1 pts |
| Free cash flow margin | 4.5% | 4.5% | +0.0 pts |
Every line
| Line | Q3 2026 | Q3 2025 | Change | % |
|---|---|---|---|---|
| Revenue | $1.2B | $1.2B | −$57.0M | -5% |
| Operating profit | $39.0M | $50.0M | −$11.0M | -22% |
| Costs & expenses | $1.1B | $1.2B | −$46.0M | -4% |
| Pre-tax earnings | $39.0M | $50.0M | −$11.0M | -22% |
| Research & development | $20.0M | $18.0M | $2.0M | +11% |
| Sales & marketing | $72.0M | $68.0M | $4.0M | +6% |
| General & admin | $53.0M | $51.0M | $2.0M | +4% |
| Other operating costs | $991M | $1.0B | −$54.0M | -5% |
| Net earnings | $31.0M | $34.0M | −$3.0M | -9% |
| Income tax | $8.0M | $16.0M | −$8.0M | -50% |
| Share-based compensation | $17.0M | $17.0M | $0 | 0% |
| Working capital & other | $32.0M | $21.0M | $11.0M | +52% |
| Operating cash flow | $80.0M | $72.0M | $8.0M | +11% |
| Free Cash Flow (company-reported) | $53.0M | $55.0M | −$2.0M | -4% |
| Acquisitions of property and equipment and software | $27.0M | $17.0M | $10.0M | +59% |
Questions
How much did Trinet Group's revenue grow year over year in Q3 2026?
Trinet Group's revenue fell $57.0M (-5%) from $1.2B in Q3 2025 to $1.2B in Q3 2026. Operating margin 3.3% against 4.1% (-0.7 pts).