Superworth

Trinet free cash flow TNET

Cash from operations less capital spending, by quarter and over the last twelve months, from 2013.

Last 12 months, to Jun 30, 2026
$288M
Latest quarter, Q2 FY26
$67M
+18% on a year earlier
Fiscal year 2025
$234M
+16% on the year before

Trinet's free cash flow was $288M over the twelve months to Jun 30, 2026, up 19% on a year earlier.

In its latest quarter, Q2 FY26, it was $67M, up 18% on the same quarter a year before.

Over the five fiscal years to FY2025 it shrank 14% a year on average.

Free cash flow over time

Open the interactive chart, with overlays and comparisons

Fiscal year by fiscal year

Fiscal yearFree cash flowChange
FY2025$234M+16%
FY2024$201M−57%
FY2023$464M−8%
FY2022$506M+184%
FY2021$178M−65%
FY2020$510M+20%
FY2019$426Mn/a
FY2018−$147M−126%
FY2017$568M+419%
FY2016$109.3M−2%
FY2015$112M−15%
FY2014$131.3M+46%
FY2013$90Mn/a

Each fiscal year is the twelve months to its fourth quarter.

Quarter by quarter

QuarterEndedFree cash flowOn a year earlierLast 12 months
Q2 FY26$67M+18%$288M
Q1 FY26$123M+56%$278M
Q4 FY25$43M−9%$234M
Q3 FY25$55M−7%$238M
Q2 FY25$57M+159%$242M
Q1 FY25$79M+8%$207M
Q4 FY24$47M−92%$201M
Q3 FY24$59Mn/a$715M
Q2 FY24$22M−83%$526M
Q1 FY24$73Mn/a$631M
Q4 FY23$561M+20%$464M
Q3 FY23−$130Mn/a$372M

Against its peers

Companies in Financial - Credit Services nearest Trinet's size, closest first, today.

CompanyFree cash flow yield
TNETTrinet8.3%
SLMSLMn/m
MMSMaximus13.1%
BFHBread Financialn/m
ENVAEnova Internationaln/m
CBZCBIZ9.2%
PAYPaymentus3.8%
NNINelnet8.3%
SEZLSezzle7.4%
DAVEDave7.2%
EEFTEuronet Worldwide11.0%
Peer median8.3%

Where Trinet ranks

What the free cash flow tells you

Cash from operations minus capital spending. The cash the company could hand back or reinvest.

Seasonal and lumpy quarter to quarter. The TTM view is the one to trust.

More on Trinet

Valuation data, not investment advice. Prices as of . Reported figures come from the company's filings with the SEC.