TNET Trinet Group margins

Relative Growth: Rel. Growth:

Relative Strength: Rel. Strength:

Relative Valuation: Rel. Valuation:

Relative Profitability: Rel. Profitability: 43

Gross margin

19.3%

Operating margin

EBITDA margin

7.6%

Net margin

3.6%

The Trinet Group reports a gross margin of 19.3%, an operating margin of 6%, an EBITDA margin of 7.6%, and a net margin of 3.6%. Gross margin led the improvement across the available margins, expanding by 1.6 percentage points.

TNET margin history

Gross, operating, EBITDA and net margin trends

Over the last 3 years, Trinet Group's margins averaged 19.83% gross, 7.03% operating, 8.44% EBITDA, and 4.27% net. Each of the four current margins is below its three-year average.

TNET margin expansion

Year-over-year margin changes in percentage points

All available margins expanded year over year, led by gross margin with an increase of 1.6 percentage points.

Gross margin expansion

1.6pp

Operating margin expansion

1.3pp

EBITDA margin expansion

1.3pp

Net margin expansion

1pp

TNET Gross margin

Trinet Group's gross margin averaged 19.83% in the last 3 years. The latest gross margin for Trinet Group is 19.3%, 0.5 percentage points below its three-year average. Over the last 3 years, Trinet Group's gross margin peaked at 23.5% in Dec 2023 and reached a low of 17.7% in Sep 2025.

TNET Operating margin

Across the last 3 years, Trinet Group's operating margin averaged 7.03%. The current operating margin stands at 6%, 1 percentage points below its three-year average. Operating margin was highest at 10.8% in Dec 2023 and lowest at 4.7% in Sep 2025.

TNET EBITDA margin

Over the last 3 years, Trinet Group's EBITDA margin averaged 8.44%. The current EBITDA margin of 7.6% is 0.8 percentage points below its three-year average. During this period, EBITDA margin reached a high of 12.5% in Dec 2023 and a low of 6.3% in Sep 2025.

TNET Net margin

Looking back over the last 3 years, Trinet Group recorded an average net margin of 4.27%. Against its three-year average, Trinet Group's net margin is currently 3.6%, 0.7 percentage points below its three-year average. The highest net margin for Trinet Group was 7.5% in Dec 2023, while the lowest was 2.6% in Sep 2025.

TNET margin group comparison

Margins compared with peer-group, industry and sector averages

With a gross margin of 19.3%, TNET is below the Industrials sector, the industry and its peers average. Compared to its Industrials sector average of 32.5%, Trinet Group's gross margin is 41% lower.

TNET margin peer comparison

Compare margins with selected peers

Frequently asked questions

What is Trinet Group's gross margin?

As of Sep 30, 2026, TNET has a gross margin of 19.3%.

What is Trinet Group's operating margin?

The current operating margin for TNET is 6% as of Sep 30, 2026.

What is Trinet Group's EBITDA margin?

For the period ending Sep 30, 2026, TNET recorded an EBITDA margin of 7.6%.

What is Trinet Group's net margin?

For the period ending Sep 30, 2026, TNET recorded a net margin of 3.6%.

What are the average margins of TNET?

Trinet Group's gross, operating, EBITDA, and net margins averaged 19.8% gross, 7.0% operating, 8.4% EBITDA, and 4.3% net over the last 3 years.

What are the highest historical margins of TNET?

Over the last 5 years, Trinet Group's highest margins were 23.5% gross in Dec 2023, 11.1% operating in Mar 2022, 12.6% EBITDA in Mar 2022, and 8.2% net in Mar 2022.

What are the lowest historical margins of TNET?

Trinet Group's lowest recorded margins during the past 5 years were 17.7% gross in Sep 2025, 4.7% operating in Sep 2025, 6.3% EBITDA in Sep 2025, and 2.6% net in Sep 2025.