TriNet Group Inc. reported total revenues of $1.2 billion for the third quarter ended September 30, 2025, representing a decrease of 2% compared to the same period last year. Professional service revenues for the quarter were $169 million, an 8% decrease year over year. Net income for the quarter was $34 million, or $0.70 per diluted share, compared to $45 million, or $0.89 per diluted share, in the third quarter of the previous year. Adjusted Net Income was $55 million, or $1.11 per diluted share, versus $59 million, or $1.17 per diluted share, in the same period last year. For the full year 2025, TriNet reaffirmed its guidance with total revenues expected between $4,950 million and $5,140 million, and professional service revenues between $700 million and $730 million. The company projects an insurance cost ratio of 90% to 92%, an adjusted EBITDA margin of 7% to 9%, diluted net income per share of $1.90 to $3.40, and adjusted net income per share (diluted) of $3.25 to $4.75. TriNet highlighted the completion of major repricing initiatives and reported its highest ever customer net promoter score, with customer retention remaining above historical averages. The company noted continued challenges in the broader small and medium-size business environment.