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DUBLIN, Calif. - On Wednesday, TriNet Group, Inc. (NYSE:TNET), a provider of human resources solutions for small and medium-sized businesses, reported third quarter adjusted earnings that significantly exceeded analyst expectations, while reaffirming its full-year guidance for 2025.
The company posted adjusted earnings per share of $1.11 for the third quarter, beating the analyst estimate of $0.78 by $0.33. Revenue came in at $1.23 billion, down 2% compared to the same period last year.
"After our strong third quarter financial performance, we are now tracking towards the high end of our full-year earnings guidance range," said Mike Simonds, TriNet President and CEO. "We launched our go-to-market initiatives and have nearly completed the most aggressive portion of our repricing, setting us up for an improving growth trajectory in coming quarters."
Total revenues decreased 2% YoY, with professional service revenues declining 8% to $169 million. The company reported net income of $34 million, or $0.70 per diluted share, compared to $45 million, or $0.89 per diluted share, in the same period last year.
TriNet’s average worksite employees (WSEs) decreased 6% compared to the same period last year, to approximately 335,000, reflecting ongoing challenges in the small business environment.
For the full year 2025, TriNet reaffirmed its guidance, projecting revenue between $4.95 billion and $5.14 billion and adjusted earnings per share between $3.25 and $4.75, compared to the analyst consensus of $4.26.
Simonds noted that despite challenging conditions in the SMB business environment, the company recorded its highest ever customer net promoter score, with customer retention remaining above historical averages.
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