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ManpowerGroup Inc. (MAN)

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ManpowerGroup Inc. (MAN) reported revenue of $4.9 billion for Q2 FY2026, the quarter ended 30 June 2026, up 7.5% on the same quarter a year earlier. Net income was $54 million, and diluted earnings per share $1.13. The figures are the company's own, from the 10-Q it filed with the SEC on 7 August 2026.

Revenue$4.9 billionup 7.5%
Net income$54 million
Diluted EPS$1.13
QuarterQ2 FY2026ended 30 June 2026

ManpowerGroup (MAN) in brief

ManpowerGroup (MAN) reported revenue of $18.0 billion for fiscal 2025, the year ended 31 December 2025, up 0.6% on the year before.
Read moreNet loss was $13 million and the diluted loss per share $0.29. Revenue was $17.9 billion in fiscal 2024, $18.9 billion in fiscal 2023, $19.8 billion in fiscal 2022 and $20.7 billion in fiscal 2021. Net income in the same years was $145 million, $89 million, $374 million and $382 million. Over the twelve months to 30 June 2026, ManpowerGroup reported revenue of $18.7 billion and net income of $104 million. Revenue fell 0.0% a year, compounded, over the five years to fiscal 2025. ManpowerGroup declared $1.44 a share in dividends over the last four quarters and had 47 million shares outstanding at the latest filed count. At 30 June 2026 it carried $567 million of debt and $181 million of cash. At the close of 9 October 2026 the market cap of ManpowerGroup was $2.5 billion, 24.0 times its earnings over the last twelve months.

Ratios

From the filings

ROE4.9%
ROCE10.8%
Operating margin1.5%
Net margin0.6%
FCF margin0.4%
Interest covern/a
Debt to equity0.27
Cash conversion1.05
Share count, 1 year0.5%
Sales CAGR, 3 years-3.2%
Profit CAGR, 3 yearsn/a
EPS, TTM$2.20

At the close of 9 October 2026

Price$52.80
Market cap$2.5 billion
Stock P/E24.00
Price to book1.17
EV / EBITDA7.64
Dividend yield2.7%
Market cap / sales0.13
52-week high$62.95
52-week low$25.75
Price, 1 year34.9%
Price CAGR, 3 years-10.5%
Price CAGR, 5 years-14.2%
Worked from the filed figures; hover a name for the formula.
Read moreThe priced ones use the latest price, the last regular-hours trade on IEX. Debt to equity here stands on the one borrowings figure ManpowerGroup Inc. files, which has finance leases inside it; operating leases are a separate line. Nothing here is a valuation or a view.
MANgreeksoup.ai
Daily prices to 9 October 2026, adjusted for splits; from 28 September 2026 each day's price is the last regular-hours trade on IEX.
Read moreData provided for free by IEX. By accessing or using IEX Historical Data, you agree to the IEX Historical Data Terms of Use. Day by day for the last three years; before that one point a week, carrying the week's last close and its average daily volume, so a volume bar means the same thing across the whole series; the bars sit under the price on their own scale, on the right. The moving averages need consecutive days and are drawn from the daily part. P/E is the close over the trailing four quarters' EPS as filed at each filing date, on the current share count; the dashed line is the median over the range shown. Sales and margin are quarterly revenue and the operating margin from the tables above. EV/EBITDA, price to book and market cap to sales use the latest filed balance sheet and share count at each date. Before the quarters on file begin, P/E, price to book and market cap to sales stand on each annual report from the day it was filed. Drawn in your browser; the range and overlay you pick are remembered here only.

The public record on MAN

Filings19 in twelve months: 10 current reports (8-K), about 4 results of operations; 3 officer or director change; 3 other events; 1 charter or bylaw amendment, or fiscal year change; 1 shareholder vote
Planned insider salesno Form 144 notice in twelve months
Options tapeput/call 0.63 by open interest at the 9 October 2026 close; the straddle prices a 11.7% move to 16 October 2026
13F holders7 of the followed funds hold it; largest Two Sigma Investments; 13 Schedule 13D or 13G filings in twelve months
Insider trading0 sales and 0 purchases on Form 4 in twelve months
Congress0 House trades disclosed in six months
Short interest4.4 million shares short, 5.38 days to cover at 30 September 2026
Documentsthe 10-K, the 10-Qs, the proxy and 4 earnings press releases, each linked

Quarterly results, the last 12 quarters

Q3 FY2023Q4 FY2023 *Q1 FY2024Q2 FY2024Q3 FY2024Q4 FY2024 *Q1 FY2025Q2 FY2025Q3 FY2025Q4 FY2025 *Q1 FY2026Q2 FY2026
Revenue4,6764,6304,4034,5214,5304,4004,0904,5194,6344,7134,5104,860
Cost of revenue3,8543,8203,6403,7353,7483,6453,3923,7563,8663,9463,7874,080
Gross profit822811764786782755698764769767723780
Gross margin18%18%17%17%17%17%17%17%17%16%16%16%
SG&A752850698685711687670789702686n/a668
Operating income69.8-39.565.910170.868.228.2-25.366.680.628.3112
Operating margin1%-1%1%2%2%2%1%-1%1%2%1%2%
Interest expense21.020.020.422.024.6-15722.526.024.0-16825.723.8
Pre-tax income54.7-55.057.592.459.247.716.7-41.852.965.615.492.4
Tax rate45%n/a-31%35%61%127%66%n/a66%54%84%42%
Net income30.3-84.539.760.122.822.55.6-67.118.030.22.553.5
Net margin1%-2%1%1%1%1%0%-1%0%1%0%1%
Diluted EPS$0.60-$1.73$0.81$1.24$0.47$0.47$0.12-$1.44$0.38$0.64$0.05$1.13
Operating cash flow266114116-13883.5248-153-19059.8179-126-2.7
Capital expenditure20.523.111.811.916.111.313.717.615.110.99.05.8
Free cash flow24590.6104-15067.4236-167-20744.7168-135-8.5
Buybacks49.950.050.027.029.034.025.013.20.00.00.30.0
Dividends paid0.0n/an/an/a0.0n/an/an/a0.0n/an/an/a
Shares outstanding49m48m48m47m47m47m46m46m46m46m47m47m
Filing10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q
Each quarter as filed, linked to its filing.
Read more* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS and diluted share count are from the company's results press release for that quarter, used where the release gives the same revenue and net income as the table. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Income statement (profit and loss), 10 fiscal years and the trailing twelve months

FY2016 †FY2017 †FY2018FY2019FY2020FY2021FY2022 †FY2023 †FY2024FY2025TTM
Revenue19,65421,03421,99120,86418,00120,72419,82818,91417,85417,95718,718
Cost of revenue16,32017,55018,41217,48815,17617,31716,25515,55614,76714,96015,679
Gross profit3,3343,4853,5793,3752,8253,4083,5723,3583,0872,9983,039
Gross margin17.0%16.6%16.3%16.2%15.7%16.4%18.0%17.8%17.3%16.7%16.2%
Selling, general and administrative2,5882,6962,7822,7302,6372,8222,9913,1022,7812,848n/a
Operating income746788797645188585582256306150288
Operating margin3.8%3.7%3.6%3.1%1.0%2.8%2.9%1.4%1.7%0.8%1.5%
Interest expense49.549.447.044.443.338.8-46.9-79.7-90.0-95.4-94.4
Pre-tax income70173775568614856855720625793.4226
Income tax258192198220124186183117112107122
Effective tax rate36.7%26.0%26.2%32.1%83.9%32.7%32.9%56.9%43.5%114.2%54.0%
Net income44454555746623.838237488.8145-13.3104
Net margin2.3%2.6%2.5%2.2%0.1%1.8%1.9%0.5%0.8%-0.1%0.6%
Diluted EPS$6.27$8.04$8.56$7.72$0.41$6.91$7.08$1.76$3.01-$0.29$2.20
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
From each year's 10-K, linked; TTM is the last four quarters.
Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are. † The year as the company last restated it in a later filing; rest on a figure for the one first filed. EPS is as filed.

Cash flow and capital returned

FY2016 †FY2017 †FY2018FY2019FY2020FY2021FY2022 †FY2023 †FY2024FY2025TTM
Operating cash flow600401483814936645423348309-104110
Capital expenditure56.954.764.752.950.764.275.678.251.157.340.8
Free cash flow543346418762886581348270258-16168.9
Free cash flow margin2.8%1.6%1.9%3.6%4.9%2.8%1.8%1.4%1.4%-0.9%0.4%
Cash from investingn/a-74.5-54.9-16.2-42.4-987-85.3-74.1-68.2-59.248.2
Cash from financingn/a-319-485-337-435-284-482-350-282486-275
Depreciation and amortisation85.384.485.877.276.373.484.688.686.686.084.3
Share-based compensation27.128.727.826.324.236.837.628.727.326.324.6
Buybacks48220450120326521027018014038.20.3
Dividends paid11812412712912913714014414666.7n/a
Dividend per share$1.72$1.86$2.02$2.18$2.26$2.52$2.72$2.94$3.08$1.44n/a
Diluted shares, weighted71m68m65m60m58m55m53m50m48m47m47m
Shares outstanding at period endn/an/an/an/an/an/an/an/an/an/a47m
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
Cash paid in the year, from the cash flow statement.
Read moreThe dividend per share is as declared. Diluted shares are the weighted average for the year; a falling count is the buybacks net of issuance. TTM sums the last four quarters; the share counts are the latest quarter's.

Balance sheet at year end

FY2016 †FY2017 †FY2018FY2019FY2020FY2021FY2022 †FY2023 †FY2024FY2025TTM
Funded by
Shareholders' equity2,3622,7752,6252,7432,4412,5222,4472,2232,1252,0602,106
Non-controlling interest84.582.773.618.512.610.010.810.81.70.70.1
Short-term borrowings39.549.149.961.020.416.821.59.021.034.6n/a
Debt7868981,0261,0121,1041,1029659949321,642567
Operating lease liabilitiesn/an/an/a337305276267323279304274
Other liabilities4,3025,0784,7465,0525,4465,9035,4195,2704,8425,1185,427
Total liabilities and equity7,5748,8848,5209,2249,3289,8299,1308,8308,2019,1608,375
Owned
Fixed assets147158153143135117112130118123115
Goodwill1,2401,3431,2971,2601,2261,7221,6281,5871,5631,5451,483
Intangible assets294284246269249584550520486430416
Cash and equivalents5986895921,0261,567848639581509871181
Receivables4,4135,3705,2765,2734,9125,4485,1374,8304,2974,7704,734
Other assets8811,0399561,2531,2391,1101,0641,1831,2261,4211,446
Total assets7,5748,8848,5209,2249,3289,8299,1308,8308,2019,1608,375
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
At the fiscal year end; the TTM column is the latest quarter end.
Read moreBoth totals are the company's own. Other liabilities is the filed total less the rows above it: payables, deferred revenue, taxes, borrowings the rows above do not carry and the rest; other assets is the same on the other side. Investments add the current and non-current lines as filed. Debt is the company's own stated total where it files one, otherwise its long-term debt with the current maturities, never parts added together. A row is left blank in a year where the lines shown overlap and the remainder would fall below nil.

Compounded growth

10 years5 years3 yearsTTM
Sales growth, compoundedn/a-0.0%-3.2%6.7%
Profit growth, compoundedn/an/an/an/a
Return on equity, average11.8%8.1%3.4%-0.6%
Yearly growth, compounded; TTM is the last four quarters against the four before.
Read moreReturn on equity is net income over shareholders' equity at each year end, averaged over the window (the TTM column is the latest year alone); equity is the parent's shareholders' equity as tagged in the 10-K. Arithmetic on filed numbers, nothing forecast.

Questions

What was ManpowerGroup's revenue in fiscal 2025?

ManpowerGroup (MAN) reported revenue of $18.0 billion for fiscal 2025, the year ended 31 December 2025, up 0.6% on the year before.

How much did ManpowerGroup earn in fiscal 2025?

Net loss was $13 million for fiscal 2025, and the diluted loss per share $0.29.

What is ManpowerGroup's P/E ratio?

At the close of 9 October 2026, ManpowerGroup traded at 24.0 times its earnings over the twelve months to 30 June 2026.

What is ManpowerGroup's market cap?

The market cap of ManpowerGroup was $2.5 billion at the close of 9 October 2026.

Does ManpowerGroup pay a dividend?

Yes. ManpowerGroup declared $1.44 a share in dividends over the four quarters to 30 June 2026.

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Costar Group, Inc. CSGP$12.0 billion148.380.9%2.2%22.0%0.13n/a
Manhattan Associates Inc. MANH$12.0 billion58.76133.5%24.3%6.5%0.00n/a
Hubspot Inc. HUBS$11.3 billion80.678.9%3.8%21.1%0.00n/a
Bentley Systems Inc. BSY$11.2 billion38.4224.1%23.6%12.8%1.010.8%
Maplebear Inc. CART$11.1 billion25.9520.7%14.8%12.6%0.00n/a
Paycom Software, Inc. PAYC$10.3 billion24.6985.3%30.3%9.2%1.570.2%
Factset Research Systems Inc. FDS$10.3 billion18.9127.8%29.6%6.6%0.681.6%
Match Group, Inc. MTCH$9.4 billion14.52n/a28.2%1.7%n/a1.8%
Booz Allen Hamilton Holding Corp. BAH$8.9 billion11.6164.7%9.5%-7.3%3.273.0%
Tetra Tech Inc. TTEK$8.5 billion20.0923.5%12.1%-7.6%0.430.8%
Paylocity Holding Corp. PCTY$8.2 billion31.1122.1%21.8%11.0%0.07n/a
Dropbox, Inc. DBX$7.8 billion19.08n/a26.6%-0.0%n/an/a
Healthequity, Inc. HQY$7.7 billion33.4411.9%25.8%7.3%0.47n/a
Aecom ACM$7.6 billion27.1913.1%4.1%-4.2%1.212.0%
Duolingo, Inc. DUOL$7.5 billion17.6429.1%13.7%29.4%0.00n/a
Appfolio Inc. APPF$7.2 billion46.1829.9%17.5%20.7%0.00n/a
Etsy Inc. ETSY$7.1 billion42.85n/a16.0%0.7%n/an/a
UiPath, Inc. PATH$7.1 billion20.1218.6%8.9%15.0%0.00n/a
Qualys, Inc. QLYS$7.0 billion35.0236.7%34.4%10.4%0.00n/a
RingCentral, Inc. RNG$6.9 billion63.43n/a6.7%5.2%n/an/a
Commvault Systems Inc. CVLT$6.5 billion100.15131.2%6.1%15.5%16.94n/a
Bilibili Inc. BILI *$6.4 billion37.927.7%3.7%13.1%0.62n/a
Lyft, Inc. LYFT$6.1 billion2.3694.8%-1.8%10.8%0.35n/a
WEX Inc. WEX$5.9 billion17.1826.1%25.5%7.5%2.62n/a
Pegasystems Inc. PEGA$5.9 billion20.1557.8%9.9%3.6%0.000.3%
Epam Systems, Inc. EPAM$5.8 billion15.3411.4%10.0%10.8%0.01n/a
Genpact Ltd. G$5.8 billion10.2122.4%14.8%6.5%0.452.1%
ExlService Holdings, Inc. EXLS$5.6 billion23.1428.9%14.9%13.6%0.44n/a
Frontdoor, Inc. FTDR$5.5 billion21.2196.1%n/a9.2%4.08n/a
Doximity, Inc. DOCS$5.5 billion35.8718.2%29.6%11.2%0.00n/a
ACI Worldwide, Inc. ACIW$5.2 billion23.3515.1%18.6%7.0%0.550.0%
Remitly Global, Inc. RELY$5.1 billion17.3527.1%9.5%23.8%0.00n/a
BOX Inc. BOX$5.0 billion52.75n/a9.4%9.6%n/an/a
VSE Corp. VSEC$4.9 billionn/an/an/an/a0.320.2%
Amentum Holdings, Inc. AMTM$4.7 billion23.244.3%4.2%11.4%0.81n/a
Clear Secure, Inc. YOU$4.5 billion29.5271.7%25.1%19.8%0.00n/a
Sezzle Inc. SEZL$4.3 billion27.9669.3%40.4%43.1%0.52n/a
Wix.com Ltd. WIX *$4.2 billion87.09n/a0.1%13.2%n/an/a
Bill Holdings, Inc. BILL$4.1 billionn/a-0.3%-4.4%13.0%0.52n/a
FTI Consulting, Inc. FCN$3.8 billion16.4619.0%9.7%7.1%0.76n/a
monday.com Ltd. MNDY *$3.8 billionn/a9.5%-0.1%26.7%0.00n/a
Q2 Holdings, Inc. QTWO$3.7 billion41.8414.3%10.0%13.9%0.00n/a
Korn Ferry KFY$3.6 billion13.5214.0%12.9%6.9%0.202.8%
Life360, Inc. LIF$3.5 billion25.2324.0%1.1%34.0%0.51n/a
Robert Half Inc. RHI$3.5 billion29.509.5%n/a-4.9%0.007.0%
Exponent Inc. EXPO$3.3 billion31.3038.7%20.2%12.8%0.001.7%
First Advantage Corp. FA$3.3 billion136.001.9%10.7%32.9%1.577.9%
Maximus, Inc. MMS$3.1 billion8.7721.3%11.0%-3.3%0.942.0%
People Inc. PPLI$3.1 billionn/an/an/an/a0.27n/a
WillScot Holdings Corp. WSC$3.1 billionn/a-7.6%6.5%-2.5%3.800.0%
SPS Commerce Inc. SPSC$3.1 billion40.848.3%12.8%9.8%0.00n/a
ABM Industries Inc. ABM$2.9 billion17.919.3%3.5%6.0%0.972.1%
Teradata Corp. TDC$2.8 billion6.4477.2%7.5%1.0%0.00n/a
Alarm.com Holdings, Inc. ALRM$2.7 billion24.6413.6%12.8%8.7%0.570.0%
Five9, Inc. FIVN$2.7 billion52.757.6%4.7%8.9%0.94n/a
CarGurus, Inc. CARG$2.6 billion15.6966.6%n/a13.9%0.00n/a
ManpowerGroup Inc. MAN$2.5 billion24.004.9%1.5%6.7%0.272.7%
Payoneer Global Inc. PAYO$2.4 billion51.007.7%10.4%6.3%0.00n/a
LiveRamp Holdings, Inc. RAMP$2.3 billion15.3915.9%11.6%8.9%0.00n/a
PDF Solutions Inc. PDFS$2.3 billion217.602.8%8.2%23.0%0.18n/a
V2X, Inc. VVX$2.2 billion24.538.1%4.2%13.0%0.92n/a
Astrana Health, Inc. ASTH$2.1 billion45.834.9%2.6%58.9%1.06n/a
Neogenomics Inc. NEO$2.1 billionn/a-6.6%-8.9%11.2%0.48n/a
DoubleVerify Holdings, Inc. DV$2.1 billion37.475.4%12.7%7.6%0.00n/a
Blackbaud Inc. BLKB$2.1 billionn/an/a19.8%0.6%16.820.3%
DXC Technology Co. DXC$2.0 billion17.704.1%7.2%-2.4%0.986.8%
Western Union Co. WU$1.9 billion4.9743.2%15.9%-1.6%2.7415.4%
Insperity, Inc. NSP$1.9 billionn/a-26.2%-0.0%2.6%6.874.9%
Evertec, Inc. EVTC$1.8 billion19.2715.2%17.9%12.4%1.900.7%
Blackline, Inc. BL$1.7 billion52.3011.0%4.3%8.6%2.11n/a
Liquidity Services Inc. LQDT$1.6 billion42.3014.1%9.0%5.2%0.00n/a
Progress Software Corp. PRGS$1.6 billion18.1317.4%17.7%6.4%2.330.0%
Concentrix Corp. CNXC$1.6 billionn/a-135.2%-20.9%2.6%2.22n/a
Everforth Inc. EFOR$1.5 billion19.344.6%4.9%-1.0%0.80n/a
AMN Healthcare Services Inc. AMN$1.4 billion13.5814.2%5.8%24.0%1.00n/a
Certara, Inc. CERT$1.4 billionn/a-7.1%-0.2%0.7%0.30n/a
Arlo Technologies, Inc. ARLO$1.3 billion45.9319.3%2.7%15.6%0.00n/a
Sprinklr, Inc. CXM$1.3 billion55.104.5%5.3%6.3%0.00n/a
Prog Holdings, Inc. PRG$1.2 billionn/an/an/an/a1.101.7%
Donnelley Financial Solutions, Inc. DFIN$1.2 billion33.399.1%18.9%3.0%0.53n/a
ZoomInfo Technologies Inc. GTM$1.1 billionn/a-65.3%-35.2%2.7%1.53n/a
Upwork, Inc. UPWK$1.1 billion11.1816.7%15.1%1.9%0.59n/a
TripAdvisor, Inc. TRIP$1.0 billion867.000.8%2.7%-4.4%1.230.0%
Legalzoom.Com, Inc. LZ$1,000 million66.3313.3%4.1%12.3%0.00n/a
Healthstream Inc. HSTM$969 million46.045.9%8.0%8.8%0.000.4%
Upbound Group, Inc. UPBD$898 million9.9312.3%5.1%5.9%1.9410.1%
Quinstreet, Inc. QNST$888 million11.1525.1%2.7%18.3%0.22n/a
N-able, Inc. NABL$874 millionn/a-0.9%9.5%10.0%0.49n/a
Sabre Corp. SABR$765 millionn/an/an/an/an/a0.0%
ADT Inc. ADTn/an/a17.6%25.0%2.1%2.243.4%
4 companies share its SEC industry code (Services-Help Supply Services); the rest are the names nearest in size in its wider industry, Business Services, one of the Fama-French 48 industries, a published grouping of SEC industry codes.
Read moreBy market capitalisation; a click on a heading sorts by it, largest first, and a second click turns it round. Each figure is the same arithmetic as the ratio box above, on each company's own filings and latest close; a name marked * is a foreign company that files once a year, on its latest fiscal year.

Filings

FilingPeriodFiledWhere
10-Q30 June 20267 August 2026EDGAR
10-Q31 March 20268 May 2026EDGAR
10-K31 December 202523 February 2026EDGAR
10-Q30 September 202531 October 2025EDGAR
10-Q30 June 20255 August 2025EDGAR
10-Q31 March 20252 May 2025EDGAR
10-K31 December 202419 February 2025EDGAR
10-Q30 September 20248 November 2024EDGAR
10-Q30 June 20242 August 2024EDGAR
10-Q31 March 20243 May 2024EDGAR

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