Trinet Group (STU:TN3) Tax Rate % : 26.61% (As of Mar. 2024)

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What is Trinet Group Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Trinet Group's Tax Expense for the three months ended in Mar. 2024 was €30 Mil. Trinet Group's Pre-Tax Income for the three months ended in Mar. 2024 was €114 Mil. Therefore, Trinet Group's Tax Rate % for the quarter that ended in Mar. 2024 was 26.61%.

Trinet Group Tax Rate % Historical Data

The historical data trend for Trinet Group's Tax Rate % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Trinet Group Tax Rate % Chart

Trinet Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Tax Rate %

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21.48

23.81

23.36

26.35

25.15

Trinet Group Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Tax Rate %	Get a 7-Day Free Trial															27.22	25.23	24.19	21.18	26.61

Trinet Group Tax Rate % Calculation

Tax Rate % is the ratio of tax expense divided by pretax income, usually presented in percent.

Trinet Group's Tax Rate % for the fiscal year that ended in Dec. 2023 is calculated as

Tax Rate %	=	Tax Expense (A: Dec. 2023 )	/	Pre-Tax Income (A: Dec. 2023 )
	=	115.542	/	459.417
	=	25.15 %

Trinet Group's Tax Rate % for the quarter that ended in Mar. 2024 is calculated as

Tax Rate %	=	Tax Expense (Q: Mar. 2024 )	/	Pre-Tax Income (Q: Mar. 2024 )
	=	30.36	/	114.08
	=	26.61 %

Trinet Group Tax Rate % Related Terms

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Trinet Group (STU:TN3) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Trinet Group Inc (STU:TN3) » Definitions » Tax Rate %

Comparable Companies

Traded in Other Exchanges

TNET:USA TN3:Germany

Address

One Park Place, Suite 600, Dublin, CA, USA, 94568

Website

https://www.trinet.com

TriNet offers outsourced payroll and human capital management solutions for small and midsize businesses via a professional employer organization model. Under the PEO model, TriNet enters a co-employment arrangement and acts as the employer of record for administrative and regulatory purposes for clients' employees, known as worksite employees. Clients leverage the scale and expertise of TriNet to access competitive employee benefits, share employment risk liability, access compliance support, and outsource mission-critical day-to-day HR functions such as payroll and tax administration. Following the acquisition of Zenefits and Clarus R+D in 2022, TriNet derives the minority of its revenue from self-service HCM software and R&D tax credit services.

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