TRINET GROUP INC

For the period ended Jun 30, 2024. Filed Jul 26, 2024.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Jun 30, 2024 · Filed Jul 26, 2024

TNET$66.30+2.6%Stored close · as of Nov 10, 2026

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Contents

Condensed Consolidated Statements of Income and Comprehensive Income

CONDENSED CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME (Unaudited)

	Three Months Ended June 30,		Six Months Ended June 30,
(in millions except per share data)	2024	2023	2024	2023
Professional service revenues	$186	$177	$400	$382
Insurance service revenues	1,040	1,032	2,090	2,073
Total revenues	1,226	1,209	2,490	2,455
Insurance costs	916	868	1,823	1,720
Cost of providing services	75	79	154	156
Sales and marketing	72	70	144	139
General and administrative	47	60	95	103
Systems development and programming	17	17	35	34
Depreciation and amortization of intangible assets	19	18	37	36
Total costs and operating expenses	1,146	1,112	2,288	2,188
Operating income	80	97	202	267
Other income (expense):
Interest expense, bank fees and other	(16)	(6)	(32)	(13)
Interest income	17	20	35	38
Income before provision for income taxes	81	111	205	292
Income taxes	21	28	53	78
Net income	$60	$83	$152	$214
Other comprehensive income (loss), net of income taxes	—	(4)	(3)	(1)
Comprehensive income	$60	$79	$149	$213
Net income per share:
Basic	$1.21	$1.40	$3.01	$3.58
Diluted	$1.20	$1.38	$2.98	$3.56
Weighted average shares:
Basic	50	60	50	60
Diluted	51	60	51	60

TRINET	31	2024 Q2 FORM 10-Q

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The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.