TriNet Group, Inc. reported financial results for the third quarter ended September 30, 2026, revealing a decline in total revenues and adjusted earnings compared to the prior year. Total revenues decreased by 5% to $1.2 billion, while professional service revenues fell by 7% to $157 million. The company reported net income of $31 million, or $0.65 per diluted share, down from $34 million, or $0.70 per diluted share, in the same period last year.
Adjusted Net Income was $44 million, or $0.94 per diluted share, compared to $55 million, or $1.11 per diluted share, in the prior year. Adjusted EBITDA decreased to $89 million, representing a margin of 7.6%, down from $100 million and an 8.2% margin in the previous year. Total Worksite Employees (WSEs) decreased by 11% year-over-year to approximately 295,000.
Despite the quarterly declines, the company reported an increase in operating cash flow. Net cash provided by operating activities increased by 11% year-over-year to $80 million, generating $53 million in Free Cash Flow.
Regarding full-year guidance, TriNet reaffirmed its 2026 outlook. The company expects total revenues between $4.75 billion and $4.90 billion, with a diluted net income per share range of $2.85 to $3.35. Management stated it expects to deliver earnings at the top end of the earnings per share guidance range for the full year.
