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Trinet Group Inc  (TNET)
Other Ticker:  
 
    Sector  Services    Industry Professional Services
   Industry Professional Services
   Sector  Services
 

TNET's Net Income Growth by Quarter and Year

Trinet Group Inc's Net Income results by quarter and year




TNET Net Income (in millions $) FY 2023 FY 2022 FY 2021 FY 2020
IV Quarter December 67.00 47.00 69.00 22.00
III Quarter September 94.00 77.00 77.00 33.00
II Quarter June 83.00 85.00 91.00 126.00
I Quarter March 131.00 146.00 101.00 91.00
FY   375.00 355.00 338.00 272.00



TNET Net Income fourth quarter 2023 Y/Y Growth Comment
Trinet Group Inc reported Net Income rise of 42.55% year on year in the fourth quarter 2023, to $ 67.00 millions, this is lower than Trinet Group Inc's recent average Net Income rise of 49.87%.

Looking into fourth quarter 2023 results within Professional Services industry 12 other companies have achieved higher Net Income growth. While Trinet Group Inc' s Net Income jump of 42.55% ranks overall at the positon no. 280 in the fourth quarter 2023.




TNET Net Income ( Y/Y Growth %) 2023
2022 2021 2020
IV Quarter December 42.55 % -31.88 % 213.64 % -54.17 %
III Quarter September 22.08 % 0 % 133.33 % -40 %
II Quarter June -2.35 % -6.59 % -27.78 % 173.91 %
I Quarter March -10.27 % 44.55 % 10.99 % 44.44 %
FY   5.63 % 5.03 % 24.26 % 28.3 %

Financial Statements
Trinet Group Inc's fourth quarter 2023 Net Income $ 67.00 millions TNET's Income Statement
Trinet Group Inc's fourth quarter 2022 Net Income $ 47.00 millions Quarterly TNET's Income Statement
New: More TNET's historic Net Income Growth >>


TNET Net Income (Quarter on Quarter Growth %)

2023
2022 2021 2020
IV Quarter December -28.72 % -38.96 % -10.39 % -33.33 %
III Quarter September 13.25 % -9.41 % -15.38 % -73.81 %
II Quarter June -36.64 % -41.78 % -9.9 % 38.46 %
I Quarter March 178.72 % 111.59 % 359.09 % 89.58 %
FY (Year on Year)   5.63 % 5.03 % 24.26 % 28.3 %




Net Income fourth quarter 2023 Y/Y Growth Company Ranking
Within: No.
Professional Services Industry #13
Services Sector #44
Overall #280

Net Income Y/Y Growth Statistics
High Average Low
189.87 % 49.87 % -22.81 %
(Dec 31 2017)   (Jun 30 2021)
Net Income fourth quarter 2023 Y/Y Growth Company Ranking
Within: No.
Professional Services Industry #13
Services Sector #44
Overall #280
Net Income Y/Y Growth Statistics
High Average Low
189.87 % 49.87 % -22.81 %
(Dec 31 2017)   (Jun 30 2021)

Net Income by Quarter for the Fiscal Years 2020, 2021, 2022, 2023

Trinet Group Inc's Q/Q Net Income Growth


Net Income Q/Q Growth Statistics
High Average Low
867.03 % 61.55 % -88.35 %
(Dec 31 2014)  


TNET's IV. Quarter Q/Q Net Income Comment
In the IV. Quarter 2023 Trinet Group Inc disclosed fall in Net Income sequentially by -28.72% to $ 67.00 millions, from $ 94.00 millions declared in the previous quarter.

If you evaluate current slump in the IV. Quarter 2023, you suppose to take into consideration, that usually IV. Quarter performance emerge sluggish in contrast to the quarter before, Liam Bengtsson, market expert added.

Within Professional Services industry 13 other companies have achieved higher Net Income quarter on quarter growth. While Trinet Group Inc's Net Income growth quarter on quarter, overall rank is 349.


Net Income Q/Q Growth Company Ranking
Within: No.
Professional Services Industry #14
Services Sector #45
Overall #349
Net Income Q/Q Growth Company Ranking
Within: No.
Professional Services Industry #14
Services Sector #45
Overall #349
Net Income Q/Q Growth Statistics
High Average Low
867.03 % 61.55 % -88.35 %
(Dec 31 2014)  


TNET's IV. Quarter Q/Q Net Income Comment
In the IV. Quarter 2023 Trinet Group Inc realized fall in Net Income from the previous quarter by -28.72% to $ 67.00 millions, from $ 94.00 millions achived in the previous quarter.

As we look into recent slump at the IV. Quarter, we suppose to take into consideration, that commonly IV. Quarter Net Income occur sluggish relative to the quarter before, Liam Bengtsson, market expert mentioned.

Within Professional Services industry 13 other companies have achieved higher Net Income quarter on quarter growth. While Trinet Group Inc's Net Income growth quarter on quarter, overall rank is 349.


Trinet Group Inc's 12 Months Net Income Growth Year on Year


Net Income TTM Growth

12 Months Ending
(Dec 31 2023)
12 Months Ending
(Sep 30 2023)
12 Months Ending
(Jun 30 2023)
12 Months Ending
(Mar 31 2023)
12 Months Ending
(Dec 31 2022)
Cumulative Net Income 12 Months Ending $ 375.00 $ 355.00 $ 338.00 $ 340.00 $ 355.00
Y / Y Net Income Growth (TTM) 5.63 % -5.84 % -10.34 % -11.23 % 5.03 %
Year on Year Net Income Growth Overall Ranking # 230 # 36 # 420 # 104 # 540
Seqeuential Net Income Change (TTM) 5.63 % 5.03 % -0.59 % -4.23 % -5.84 %
Seq. Net Income Growth (TTM) Overall Ranking # 280 # 106 # 1131 # 178 # 643




Cumulative Net Income growth Comment
Although Trinet Group Inc's Annual Net Income growth year on year were below company's average 49.87% , Net Income announced in the Dec 31 2023 period, show improvement in Net Income trend, to cumulative trailing twelve month growth of 5.63% year on year, from -5.84% in Sep 30 2023.

Within the Services sector 34 other companies have achieved higher trailing twelve month Net Income growth. While Net Income growth total ranking has deteriorated compare to previous quarter from 36 to 230.

Net Income TTM Q/Q Growth Statistics
High Average Low
189.87 %
49.87 %
-22.81 %
 

Net Income TTM Y/Y Growth Company Ranking
Within: No.
Professional Services Industry # 13
Services Sector # 35
Overall # 230

Net Income TTM Y/Y Growth Statistics
High Average Low
189.87 %
49.87 %
-22.81 %
 


Net Income TTM Q/Q Growth Company Ranking
Within: No.
Industry # 13
Sector # 44
S&P 500 # 280
Cumulative Net Income growth Comment
Although Trinet Group Inc's Annual Net Income growth year on year were below company's average 49.87% , Net Income announced in the Dec 31 2023 period, show improvement in Net Income trend, to cumulative trailing twelve month growth of 5.63% year on year, from -5.84% in Sep 30 2023.

Within the Services sector 34 other companies have achieved higher trailing twelve month Net Income growth. While Net Income growth total ranking has deteriorated compare to previous quarter from 36 to 230.

Net Income TTM Q/Q Growth Statistics
High Average Low
189.87 %
49.87 %
-22.81 %
 


Net Income TTM Y/Y Growth Company Ranking
Within: No.
Professional Services Industry # 13
Services Sector # 35
Overall # 230

Net Income TTM Y/Y Growth Statistics
High Average Low
189.87 %
49.87 %
-22.81 %
 


Net Income TTM Q/Q Growth Company Ranking
Within: No.
Industry # 13
Sector # 44
S&P 500 # 280




Other Net Income Growth
Professional Services Industry Net Income Growth Trends and Statistics
Services Sector Net Income Growth Statistics
Net Income Growth Trends for overall market
TNET's Net Income Growth Ratio versus Professional Services Industry, Services Sector and total Market
Highest Ranking Net Income Growth
Lowest Ranking Net Income Growth
Net Income Growth for TNET's Competitors
Net Income Growth for Trinet Group Inc's Suppliers
Net Income Growth for TNET's Customers

You may also want to know
TNET's Annual Growth Rates TNET's Profitability Ratios TNET's Asset Turnover Ratio TNET's Dividend Growth
TNET's Roe TNET's Valuation Ratios TNET's Financial Strength Ratios TNET's Dividend Payout Ratio
TNET's Roa TNET's Inventory Turnover Ratio TNET's Growth Rates TNET's Dividend Comparisons



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