TriNet Group, Inc. (NYSE: TNET) shares were solidly higher Friday. The Dublin, Calif.-based company, purporting to be a leading provider of comprehensive and flexible human capital management solutions for small and medium-size businesses, today announced financial results for the second quarter ended June 30, 2025.
Second quarter highlights include: Total revenues were $1.2 billion, flat compared to the same period last year. Moreover. professional service revenues decreased 8% to $172 million compared to the same period last year.
Net income was $37 million, or $0.77 per diluted share, compared to net income of $60 million, or $1.20 per diluted share, in the same period last year. Adjusted Net Income was $55 million, or $1.15 per diluted share, compared to Adjusted Net Income of $78 million, or $1.53 per diluted share, in the same period last year.
Adjusted EBITDA was $105 million, representing an Adjusted EBITDA Margin of 8.5%, compared to Adjusted EBITDA of $136 million, representing an Adjusted EBITDA Margin of 10.9%, in the same period last year.
"Our second quarter financial performance was in-line with our forecast and keeps us on track to achieve our full-year guidance," said CEO Mike Simonds. "We continued to execute our strategy while supporting our SMB customers through the volatile business environment."
TNET shares began Friday up $2.51, or 3.8%, to $68.23.
