TRINET GROUP, INC. Earnings Per Share Disclosure
| Year Ended December 31, | |||||||||||
| (in millions, except per share data) | 2025 | 2024 | 2023 | ||||||||
| Net income | $ | 155 | $ | 173 | $ | 375 | |||||
| Weighted average shares of common stock outstanding | 48 | 50 | 57 | ||||||||
| Basic EPS | $ | 3.20 | $ | 3.47 | $ | 6.61 | |||||
| Net income | $ | 155 | $ | 173 | $ | 375 | |||||
| Weighted average shares of common stock outstanding | 48 | 50 | 57 | ||||||||
| Dilutive effect of stock options and restricted stock units | 1 | — | — | ||||||||
| Weighted average shares of common stock outstanding | 49 | 50 | 57 | ||||||||
| Diluted EPS | $ | 3.20 | $ | 3.43 | $ | 6.56 | |||||
Common stock equivalents excluded from income per diluted share because of their anti-dilutive effect | 2 | 1 | 1 | ||||||||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Feb 12, 2026 | Showing above |
| 2021 | Feb 14, 2022 | |
| 2020 | Feb 16, 2021 | |
| 2019 | Feb 13, 2020 | |
About Earnings Per Share Disclosures
The earnings per share disclosure breaks down the calculation from net income to both basic and diluted EPS, revealing the full impact of a company's capital structure on per-share economics. The reconciliation between basic and diluted share counts exposes how many stock options, RSUs, convertible securities, and warrants are potentially dilutive to existing shareholders.
Key signals: a widening gap between basic and diluted shares indicates growing dilution from equity compensation or convertible instruments. Anti-dilutive securities excluded from the diluted calculation deserve attention — they represent latent dilution that will materialize if the stock price rises. Watch for the effect of share buybacks on per-share metrics: EPS growth driven primarily by repurchases rather than income growth signals weakening fundamentals. Compare year-over-year changes in the diluted share count against equity compensation expense to assess whether management is effectively managing dilution.