TriNet Q3 Revenue Falls 5% as Worksite Employees Drop 11%
Dublin, California – October 29, 2026 -- TriNet Group (NYSE: TNET) reported a 5% year-over-year decline in third-quarter revenue to $1.2 billion, while worksite employees fell 11% to approximately 295,000, yet the HR outsourcing provider reaffirmed its full-year 2026 guidance.
Earnings and margins contract year over year
Net income fell to $31 million, or $0.65 per diluted share, from $34 million, or $0.70, a year earlier. Adjusted Net Income dropped to $44 million ($0.94 per diluted share) from $55 million ($1.11).
Adjusted EBITDA declined to $89 million from $100 million, and the Adjusted EBITDA Margin narrowed to 7.6% from 8.2%. Professional service revenues decreased 7% to $157 million.
Operating cash flow rises 11% to $80 million
Net cash provided by operating activities increased 11% to $80 million, producing $53 million in Free Cash Flow.