MAN

MKT CAP:$1B

ManpowerGroup Inc.

Market Cap

$1B

Industrials·Staffing & Employment Services·🇺🇸 United States·NYSE

Industrials·Staffing·🇺🇸·NYSE

Stock Price

$31.54+$1.48 (+4.92%)

Apr 22, 2026

Company Details

ManpowerGroup Inc. provides workforce solutions and services in the Americas, Southern Europe, Northern Europe, and the Asia Pacific Middle East region. The company offers recruitment services, including permanent, temporary, and contract r...

CEO

Jonas Prising

IPO Date

Oct 5, 1988

Website

www.manpowergroup.com

Key Metrics TTM

Revenue

$13.9B

-20.9% YoY

Net Income

-$16M

EPS (Diluted)

-$0.37

Free Cash Flow

-$130M

Revenue / Share

$294.41

Gross Margin

21.9%

Operating Margin

1.1%

Net Margin

-0.1%

FCF Margin

-0.9%

P/S

0.1x

P/E

—

Earnings Reports

Q1 2026

Apr 16, 2026

NEW

$0-100.0%EPS $0.05

FY 2025

Feb 23, 2026

$18.0B+0.6%EPS -$0.29

Q4 2025

Feb 23, 2026

$4.7B+7.1%EPS $0.64

Q3 2025

Oct 31, 2025

$4.6B+2.3%EPS $0.38

Q2 2025

Aug 5, 2025

$4.5B-0.0%EPS -$1.44

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q2 22	$5.1B	$921M	$181M
Q3 22	$4.8B	$879M	$162M
Q4 22	$4.8B	$876M	$101M
Q1 23	$4.8B	$863M	$118M
Q2 23	$4.9B	$862M	$108M
Q3 23	$4.7B	$822M	$70M
Q4 23	$4.6B	$811M	$135M
Q1 24	$4.4B	$764M	$66M
Q2 24	$4.5B	$786M	$101M
Q3 24	$4.5B	$782M	$71M
Q4 24	$4.4B	$755M	$68M
Q1 25	$4.1B	$698M	$28M
Q2 25	$4.5B	$764M	-$25M
Q3 25	$4.6B	$777M	$67M
Q4 25	$4.7B	$767M	$81M
Q1 26	$0	$723M	$28M

Valuation

Quarter	P/S	P/E
Q2 22	0.2x	9.8x
Q3 22	0.2x	7.9x
Q4 22	0.2x	11.9x
Q1 23	0.2x	11.4x
Q2 23	0.2x	13.0x
Q3 23	0.2x	15.9x
Q4 23	0.2x	42.3x
Q1 24	0.2x	71.3x
Q2 24	0.2x	72.5x
Q3 24	0.2x	91.1x
Q4 24	0.2x	18.5x
Q1 25	0.2x	24.4x
Q2 25	0.1x	—
Q3 25	0.1x	—
Q4 25	0.1x	—
Q1 26	0.1x	—

Operating Cash Flow

Quarter	Operating CF	Free CF
Q2 22	-$49M	-$72M
Q3 22	$268M	$254M
Q4 22	$134M	$114M
Q1 23	$125M	$111M
Q2 23	-$156M	-$177M
Q3 23	$266M	$245M
Q4 23	$114M	$91M
Q1 24	$116M	$104M
Q2 24	-$138M	-$150M
Q3 24	$84M	$67M
Q4 24	$248M	$236M
Q1 25	-$153M	-$167M
Q2 25	-$190M	-$207M
Q3 25	$60M	$45M
Q4 25	$179M	$168M
Q1 26	-$126M	-$135M

Capital Expenditures

Quarter	CapEx
Q2 22	$22M
Q3 22	$14M
Q4 22	$20M
Q1 23	$13M
Q2 23	$21M
Q3 23	$21M
Q4 23	$23M
Q1 24	$12M
Q2 24	$12M
Q3 24	$16M
Q4 24	$11M
Q1 25	$14M
Q2 25	$18M
Q3 25	$15M
Q4 25	$11M
Q1 26	$9M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q2 22	-3.8%	-4.2%
Q3 22	-6.6%	-7.0%
Q4 22	-10.6%	-9.7%
Q1 23	-7.6%	-7.4%
Q2 23	-4.3%	-3.0%
Q3 23	-2.6%	-0.7%
Q4 23	-3.7%	-4.5%
Q1 24	-7.3%	-6.4%
Q2 24	-6.9%	-6.9%
Q3 24	-3.1%	-3.2%
Q4 24	-5.0%	-3.6%
Q1 25	-7.1%	-6.3%
Q2 25	-0.0%	+2.8%
Q3 25	+2.3%	+2.4%
Q4 25	+7.1%	+6.9%
Q1 26	-100.0%	-100.7%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q2 22	$11M	0.2%
Q3 22	$8M	0.2%
Q4 22	$8M	0.2%
Q1 23	$5M	0.1%
Q2 23	$7M	0.1%
Q3 23	$8M	0.2%
Q4 23	$9M	0.2%
Q1 24	$8M	0.2%
Q2 24	$8M	0.2%
Q3 24	$7M	0.2%
Q4 24	$5M	0.1%
Q1 25	$8M	0.2%
Q2 25	$8M	0.2%
Q3 25	$5M	0.1%
Q4 25	$0	0.0%
Q1 26	$6M	—

OpEx Breakdown

Quarter	G&A	SG&A
Q2 22	—	$741M
Q3 22	—	$717M
Q4 22	—	$725M
Q1 23	—	$745M
Q2 23	—	$755M
Q3 23	—	$752M
Q4 23	—	$675M
Q1 24	—	$698M
Q2 24	—	$685M
Q3 24	—	$711M
Q4 24	—	$687M
Q1 25	—	$670M
Q2 25	$700M	—
Q3 25	—	$702M
Q4 25	—	$686M
Q1 26	—	$695M

Revenue by Geography

Quarter	Americas Segment	Apme	Northern Europe	Southern Europe
Q2 22	$1.3B	$604M	$1.0B	$2.2B
Q3 22	$1.2B	$587M	$954M	$2.0B
Q4 22	$1.2B	$579M	$973M	$2.1B
Q1 23	$1.1B	$606M	$968M	$2.1B
Q2 23	$1.1B	$599M	$953M	$2.2B
Q3 23	$1.1B	$565M	$914M	$2.1B
Q4 23	$1.1B	$552M	$914M	$2.1B
Q1 24	$1.0B	$535M	$870M	$2.0B
Q2 24	$1.1B	$541M	$837M	$2.1B
Q3 24	$1.1B	$563M	$828M	$2.1B
Q4 24	$1.1B	$522M	$768M	$2.0B
Q1 25	$1.1B	$426M	$738M	$1.8B

War Chest

Quarter	Cash	Short-term Investments	Total
Q2 22	$886M	$0	$886M
Q3 22	$528M	$0	$528M
Q4 22	$639M	$0	$639M
Q1 23	$707M	$0	$707M
Q2 23	$408M	$0	$408M
Q3 23	$571M	$0	$571M
Q4 23	$581M	$0	$581M
Q1 24	$605M	$0	$605M
Q2 24	$469M	$0	$469M
Q3 24	$411M	$0	$411M
Q4 24	$509M	$0	$509M
Q1 25	$395M	$0	$395M
Q2 25	$290M	$0	$290M
Q3 25	$275M	$0	$275M
Q4 25	$871M	$0	$871M
Q1 26	$225M	$0	$225M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q2 22	53M	-1.8%	-3.6%
Q3 22	52M	-2.1%	-5.3%
Q4 22	51M	-1.7%	-6.5%
Q1 23	52M	+0.4%	-5.1%
Q2 23	51M	-1.7%	-5.1%
Q3 23	50M	-1.2%	-4.2%
Q4 23	49M	-2.8%	-5.3%
Q1 24	49M	+0.4%	-5.2%
Q2 24	48M	-1.0%	-4.5%
Q3 24	48M	-0.6%	-4.0%
Q4 24	48M	-0.8%	-2.1%
Q1 25	47M	-0.8%	-3.3%
Q2 25	47M	-1.7%	-3.9%
Q3 25	47M	+0.9%	-2.5%
Q4 25	47M	0.0%	-1.7%
Q1 26	47M	+0.4%	-0.4%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q2 22	$169.1K	30K
Q3 22	$160.0K	30K
Q4 22	$155.6K	31K
Q1 23	$153.8K	31K
Q2 23	$157.2K	31K
Q3 23	$151.3K	31K
Q4 23	$166.0K	28K
Q1 24	$157.8K	28K
Q2 24	$162.0K	28K
Q3 24	$162.4K	28K
Q4 24	$164.8K	27K
Q1 25	$153.2K	27K
Q2 25	$169.3K	27K
Q3 25	$173.6K	27K
Q4 25	$185.6K	25K
Q1 26	$0	25K

Revenue / Employee