TriNet Group, Inc.

NYSE:TNET Stock Report

Market Cap: US$1.9b

TriNet Group Future Growth

Future criteria checks 2/6

TriNet Group's revenue is forecast to decline at 69.1% per annum while its annual earnings are expected to grow at 6.5% per year. EPS is expected to grow by 9.6% per annum. Return on equity is forecast to be 94.3% in 3 years.

Key information

6.5%

Earnings growth rate

9.64%

EPS growth rate

Professional Services earnings growth15.3%
Revenue growth rate-69.1%
Future return on equity94.27%
Analyst coverage

Good

Last updated05 May 2026

Recent future growth updates

Recent updates

Narrative Update • May 03

TNET: Rebased Fair Value Will Anchor A Measured Risk Reward Outlook

Narrative Update: TriNet Group Analyst Price Target Shift The updated analyst fair value estimate for TriNet Group moves from $62 to $45. This reflects analysts' mixed price target revisions and recalibrated expectations for discount rate, revenue trends, profit margins, and future P/E multiples based on recent Street research.
Narrative Update • Apr 18

TNET: AI HR Expansion And Buybacks Will Support Future Upside

Analysts have trimmed their price targets on TriNet Group, with the fair value estimate shifting from $54.80 to $54.00. Recent research reflects updated views on discount rates, revenue outlook, margin expectations, and a slightly lower future P/E, following recent target cuts of $4 and $22 cited in Street research.
Narrative Update • Apr 04

TNET: Q4 Delivery And Buybacks Will Support Future Upside

Analysts have trimmed their average price target on TriNet Group to $64, citing updated estimates around revenue growth, profit margins and an adjusted future P/E outlook. This has led to a slightly higher discount rate in their models.
Narrative Update • Mar 21

TNET: AI HR Execution And Buybacks Will Support Future Upside

Analysts have trimmed their price targets on TriNet Group, with recent research pointing to cuts of $1 to $22 as they adjust estimates ahead of Q4 results and reassess the company’s valuation assumptions. Analyst Commentary Recent research around TriNet Group focuses on recalibrating targets and estimates ahead of Q4 results, with price objectives trimmed in moderate steps rather than through sweeping revisions.
Narrative Update • Mar 05

TNET: AI HR Execution And Buybacks Will Support Future Multiple Expansion

Analysts have trimmed their price expectations for TriNet Group, with the fair value estimate moving from about $70 to roughly $55, citing updated assumptions around discount rates, revenue trends, profit margins, and a lower future P/E multiple that align with recent target cuts from the Street. Analyst Commentary Recent Street updates on TriNet Group focus on recalibrated price targets and refreshed estimates ahead of upcoming results, which feed directly into the lower fair value range you saw earlier.
Narrative Update • Feb 19

TNET: Recalibrated Earnings Outlook And Buybacks Will Support Future Upside

Analysts have reduced their price target for TriNet Group by $22 to $75, citing updated assumptions around discount rates, revenue growth, profit margins, and future P/E multiples, consistent with recent Street target cuts. Analyst Commentary Bullish analysts are treating the recent price target reset as more of a recalibration than a shift in the core outlook for TriNet Group.
Analysis Article • Feb 12

TriNet Group, Inc. (NYSE:TNET) Might Not Be As Mispriced As It Looks After Plunging 28%

TriNet Group, Inc. ( NYSE:TNET ) shareholders won't be pleased to see that the share price has had a very rough month...
Narrative Update • Feb 05

TNET: Refreshed Q4 Assumptions Will Shape A Balanced Risk Outlook

Analysts trimmed their price target on TriNet Group to US$64 from US$65, citing refreshed estimates around Q4 results, along with updated assumptions for the discount rate, revenue growth, profit margin, and future P/E. Analyst Commentary Bearish analysts recently trimmed their fair value assumptions, cutting the price target on TriNet Group to US$64 from US$65 ahead of Q4 results.
Analysis Article • Jan 29

When Should You Buy TriNet Group, Inc. (NYSE:TNET)?

TriNet Group, Inc. ( NYSE:TNET ), is not the largest company out there, but it saw significant share price movement...
Narrative Update • Jan 22

TNET: AI HR Execution And Buybacks Will Support Future Earnings Upside

Analysts have reduced their price target on TriNet Group by US$1 to US$64, reflecting updated estimates ahead of upcoming Q4 results and a slightly lower assumed future P/E multiple. Analyst Commentary Bullish Takeaways Bullish analysts see the revised US$64 target as consistent with TriNet Group's current execution, suggesting the shares are reasonably aligned with updated earnings assumptions.
Narrative Update • Jan 08

TNET: AI HR Capabilities And Buybacks Will Support Future Earnings Upside

Analysts slightly reduced their price target on TriNet Group by about $2 to roughly $70, reflecting small tweaks to fair value, discount rate, profit margin assumptions, and a modestly higher future P/E multiple in their models. What's in the News Completed a share repurchase tranche, buying 481,649 shares (0.99% of outstanding shares) for $31.5 million between July 1 and September 30, 2025.
Narrative Update • Dec 17

TNET: Guidance And AI Tools Will Shape A Balanced Risk Outlook

Analysts have trimmed their fair value estimate for TriNet Group from 67 dollars to 62 dollars per share, citing slightly higher perceived risk, softer long term growth and margin expectations, and a richer forward earnings multiple. What's in the News TriNet reaffirmed its full year 2025 guidance, projecting total revenues of 4,950 to 5,140 million dollars and diluted EPS of 1.90 to 3.40 dollars, signaling confidence in its operating outlook (company guidance).
Narrative Update • Dec 03

TNET: AI-Driven HR Expansion Will Support Future Earnings Upside

Analysts have modestly adjusted their price target on TriNet Group to reflect updated but largely unchanged views on fair value at about $72.50 per share, citing stable assumptions on discount rate, revenue growth, profit margins, and future valuation multiples. What's in the News TriNet appointed Mala Murthy as Chief Financial Officer, effective November 28, succeeding Kelly Tuminelli, who will transition to a special advisor role through March 16, 2026 (Key Developments).
Narrative Update • Nov 19

TNET: Future AI-Driven HR Capabilities Will Support Earnings Stability

Narrative Update on TriNet Group Analyst Price Target Analysts have maintained TriNet Group's price target at $72.50, reflecting stable expectations as recent updates to the discount rate and earnings projections remain modest. What's in the News TriNet Group reaffirmed its full-year 2025 earnings guidance, projecting total revenues between $4,950 and $5,140 million and diluted net income per share of $1.90 to $3.40.
Analysis Article • Nov 08

There May Be Some Bright Spots In TriNet Group's (NYSE:TNET) Earnings

TriNet Group, Inc.'s ( NYSE:TNET ) earnings announcement last week didn't impress shareholders. Despite the soft profit...
Narrative Update • Nov 04

TNET: Reaffirmed Guidance and New CFO Appointment Will Drive Momentum

Analysts have revised TriNet Group's price target downward from $77.00 to $72.50. This change reflects updated forecasts for revenue growth and profit margins.
Narrative Update • Oct 21

Analysts Slightly Lower Price Target for TriNet Group Amid Updated Valuation and Guidance

Narrative Update on TriNet Group Analysts have slightly lowered their price target for TriNet Group from $78.00 to $77.00. This change is due to minor adjustments in fair value estimates and updated financial assumptions.
Analysis Article • Oct 01

Is Now The Time To Look At Buying TriNet Group, Inc. (NYSE:TNET)?

While TriNet Group, Inc. ( NYSE:TNET ) might not have the largest market cap around , it saw significant share price...
Seeking Alpha • Sep 30

Mistakes Were Made: TriNet Group Looks To Stage Turnaround And Remains Buy

Summary TriNet Group is undergoing an operational reset that could provide mid-teens percentage improvements in shareholder value, with a viable path to improved margins. Operational missteps, underpriced policies, and rising healthcare costs hurt margins, but management targets 13-15% annualized shareholder returns via margin expansion and revenue growth. The turnaround hinges on repricing, improved sales force tenure, broker channel expansion, and expense control, with early signs of stabilization and ASO traction emerging. Risks include the opportunity cost of investing in a stock with poor sentiment and an ongoing early-innings turnaround. If TNET executes on ICR improvement, WSE growth, and sales initiatives, FCF and shareholder returns could rebound within 2-3 years, making the risk/reward attractive. Read the full article on Seeking Alpha
Analysis Article • Jul 18

Is There An Opportunity With TriNet Group, Inc.'s (NYSE:TNET) 20% Undervaluation?

Key Insights The projected fair value for TriNet Group is US$81.06 based on 2 Stage Free Cash Flow to Equity Current...
Analysis Article • Jun 30

Should You Think About Buying TriNet Group, Inc. (NYSE:TNET) Now?

TriNet Group, Inc. ( NYSE:TNET ), is not the largest company out there, but it saw significant share price movement...
Analysis Article • May 23

TriNet Group's (NYSE:TNET) Returns On Capital Not Reflecting Well On The Business

If we're looking to avoid a business that is in decline, what are the trends that can warn us ahead of time? More often...
Analysis Article • May 05

TriNet Group's (NYSE:TNET) Soft Earnings Don't Show The Whole Picture

Shareholders appeared unconcerned with TriNet Group, Inc.'s ( NYSE:TNET ) lackluster earnings report last week. We did...
Analysis Article • Apr 22

TriNet Group, Inc.'s (NYSE:TNET) Popularity With Investors Is Under Threat From Overpricing

When close to half the companies in the United States have price-to-earnings ratios (or "P/E's") below 16x, you may...
Analysis Article • Mar 07

Is TriNet Group, Inc. (NYSE:TNET) Potentially Undervalued?

While TriNet Group, Inc. ( NYSE:TNET ) might not have the largest market cap around , it saw a double-digit share price...
Analysis Article • Feb 14

TriNet Group's (NYSE:TNET) Returns Have Hit A Wall

If you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an...
Analysis Article • Jan 22

TriNet Group, Inc.'s (NYSE:TNET) Share Price Not Quite Adding Up

There wouldn't be many who think TriNet Group, Inc.'s ( NYSE:TNET ) price-to-earnings (or "P/E") ratio of 17.7x is...
Analysis Article • Nov 17

What Is TriNet Group, Inc.'s (NYSE:TNET) Share Price Doing?

TriNet Group, Inc. ( NYSE:TNET ), is not the largest company out there, but it saw a double-digit share price rise of...
Seeking Alpha • Oct 20

I Was Too Optimistic On TriNet, But Now It's Undervalued And Ready For A Return To Growth

Summary TriNet Group is managing a challenging hiring environment with strong new sales and near-record retention rates, positioning it for future growth. Rising healthcare costs have pressured short-term profitability, but strategic repricing, operational improvements, the Zenefits acquisition, and high ROIC offer long-term potential. Despite near-term volatility, TriNet's valuation is attractive, providing a healthy margin of safety for investors willing to weather current challenges. Long-term demand for PEOs and HR solutions supports TriNet's relevance, making it a compelling buy opportunity for long-term investors. Read the full article on Seeking Alpha
Analysis Article • Oct 10

TriNet Group, Inc.'s (NYSE:TNET) Share Price Is Matching Sentiment Around Its Earnings

TriNet Group, Inc.'s ( NYSE:TNET ) price-to-earnings (or "P/E") ratio of 15.5x might make it look like a buy right now...
User avatar
New Narrative • Aug 30

Calculated Growth Efforts Clashing With Analysts' Gloomy Revenue And Margin Outlook

Strengthening top of the sales funnel through targeted marketing and value proposition enhancement is expected to positively impact future revenue growth.
Analysis Article • Aug 05

At US$100, Is TriNet Group, Inc. (NYSE:TNET) Worth Looking At Closely?

While TriNet Group, Inc. ( NYSE:TNET ) might not have the largest market cap around , it saw significant share price...

Earnings and Revenue Growth Forecasts

NYSE:TNET - Analysts future estimates and past financials data (USD Millions)
DateRevenueEarningsFree Cash FlowCash from OpAvg. No. Analysts
12/31/20281,179207N/AN/A1
12/31/20271,1461533594043
12/31/20261,1201411,0291,0973
3/31/20264,881159278357N/A
12/31/20254,943155234303N/A
9/30/20254,971133238307N/A
6/30/20254,993143242319N/A
3/31/20254,999167207283N/A
12/31/20244,989173201279N/A
9/30/20244,972263715796N/A
6/30/20244,957313526602N/A
3/31/20244,940335631707N/A
12/31/20234,922375464539N/A
9/30/20234,903356372443N/A
6/30/20234,922339440504N/A
3/31/20234,913340209271N/A
12/31/20224,885355441497N/A
9/30/20224,891376260310N/A
6/30/20224,798376484533N/A
3/31/20224,698383561607N/A
12/31/20214,540338178218N/A
9/30/20214,371291532570N/A
6/30/20214,198247451486N/A
3/31/20214,046282618653N/A
12/31/20204,034272510546N/A
9/30/20203,989298604642N/A
6/30/20203,983320465503N/A
3/31/20203,970240292331N/A
12/31/20193,856212N/A471N/A
9/30/20193,755193N/A161N/A
6/30/20193,661189N/A277N/A
3/31/20193,576201N/A290N/A
12/31/20183,503192N/A-104N/A
9/30/20183,434229N/A271N/A
6/30/20183,378221N/A267N/A
3/31/20183,328203N/A231N/A
12/31/20173,275178N/A606N/A
9/30/20173,238135N/A-73N/A
6/30/20173,189106N/A-99N/A
3/31/20173,13578N/A-52N/A
12/31/20163,06061N/A192N/A
9/30/20162,97553N/A107N/A
6/30/20162,87241N/A129N/A
3/31/20162,76727N/A158N/A
12/31/20152,65932N/A151N/A
9/30/20152,53724N/A158N/A
6/30/20152,42522N/A143N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: TNET's forecast earnings growth (6.5% per year) is above the savings rate (3.5%).

Earnings vs Market: TNET's earnings (6.5% per year) are forecast to grow slower than the US market (16.8% per year).

High Growth Earnings: TNET's earnings are forecast to grow, but not significantly.

Revenue vs Market: TNET's revenue is expected to decline over the next 3 years (-69.1% per year).

High Growth Revenue: TNET's revenue is forecast to decline over the next 3 years (-69.1% per year).

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: TNET's Return on Equity is forecast to be very high in 3 years time (94.3%).

Discover growth companies

7D

1Y

7D

1Y

7D

1Y

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/05/13 15:13
End of Day Share Price 2026/05/13 00:00
Earnings2026/03/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

TriNet Group, Inc. is covered by 15 analysts. 6 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Samuel EnglandBerenberg
Paul GinocchioDeutsche Bank
Jason KupferbergJefferies LLC