ManpowerGroup (MAN)

NYSE Industrials Human Resource & Employment Services S&P SmallCap 600

$44.50

-1.77 (-3.83%)

Close of Nov 06, 2026 · end-of-day data

Source: ManpowerGroup's 10-K / 10-Q XBRL data on SEC EDGAR · fetched Nov 02, 2026

Revenue, net income & free cash flow

Income statement

fiscal years · USD

Fiscal year	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	$19.65B	$21.03B	$21.99B	$20.86B	$18.00B	$20.72B	$19.83B	$18.91B	$17.85B	$17.96B
Cost of revenue	$16.32B	$17.55B	$18.41B	$17.49B	$15.18B	$17.32B	$16.26B	$15.56B	$14.77B	$14.96B
Gross profit	$3.33B	$3.48B	$3.58B	$3.38B	$2.82B	$3.41B	$3.57B	$3.36B	$3.09B	$3.00B
Selling, general & admin	$2.59B	$2.70B	$2.78B	$2.73B	$2.64B	$2.82B	$2.99B	$3.10B	$2.78B	$2.85B
Operating income	$745.50M	$789.20M	$796.70M	$644.90M	$187.60M	$585.40M	$581.70M	$255.80M	$306.00M	$150.10M
Interest expense	$49.50M	$49.40M	$47.00M	$44.40M	$43.30M	$38.80M	-$46.90M	-$79.70M	-$90.00M	-$95.40M
Pre-tax income	$701.30M	$737.30M	$754.70M	$685.50M	$147.70M	$568.10M	$557.10M	$205.90M	$256.80M	$93.40M
Income tax	$257.60M	$191.90M	$198.00M	$219.80M	$123.90M	$185.70M	$183.30M	$117.10M	$111.70M	$106.70M
Net income	$443.70M	$545.40M	$556.70M	$465.70M	$23.80M	$382.40M	$373.80M	$88.80M	$145.10M	-$13.30M
EBITDA	$830.80M	$873.60M	$882.50M	$722.10M	$263.90M	$658.80M	$666.30M	$344.40M	$392.60M	$236.10M
EPS (basic)	$6.33	$8.13	$8.62	$7.78	$0.41	$7.01	$7.17	$1.78	$3.04	$-0.29
EPS (diluted)	$6.27	$8.04	$8.56	$7.72	$0.41	$6.91	$7.08	$1.76	$3.01	$-0.29
Diluted shares	70.80M	67.90M	65.10M	60.30M	58.30M	55.40M	52.80M	50.40M	48.30M	46.60M
Gross margin	17.0%	16.6%	16.3%	16.2%	15.7%	16.4%	18.0%	17.8%	17.3%	16.7%
Operating margin	3.8%	3.8%	3.6%	3.1%	1.0%	2.8%	2.9%	1.4%	1.7%	0.8%
Net margin	2.3%	2.6%	2.5%	2.2%	0.1%	1.8%	1.9%	0.5%	0.8%	-0.1%

Balance sheet

fiscal years · USD

Fiscal year	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Cash & equivalents	$598.50M	$689.00M	$591.90M	$1.03B	$1.57B	$847.80M	$639.00M	$581.30M	$509.40M	$871.00M
Receivables	$4.41B	$5.37B	$5.28B	$5.27B	$4.91B	$5.45B	$5.14B	$4.83B	$4.30B	$4.77B
Total current assets	$5.13B	$6.17B	$6.00B	$6.48B	$6.67B	$6.42B	$5.93B	$5.57B	$4.97B	$5.79B
Goodwill	$1.24B	$1.34B	$1.30B	$1.26B	$1.23B	$1.72B	$1.63B	$1.59B	$1.56B	$1.54B
Total assets	$7.57B	$8.88B	$8.52B	$9.22B	$9.33B	$9.83B	$9.13B	$8.83B	$8.20B	$9.16B
Total current liabilities	$3.66B	$4.81B	$4.18B	$4.44B	$4.68B	$5.78B	$4.91B	$4.80B	$4.44B	$5.23B
Short-term debt	$39.80M	$469.40M	$50.10M	$61.00M	$20.40M	$552.60M	$26.60M	$12.10M	$23.40M	$625.00M
Long-term debt	$785.60M	$478.10M	$1.03B	$1.01B	$1.10B	$565.70M	$959.90M	$990.50M	$929.40M	$1.05B
Total debt	$825.40M	$947.50M	$1.08B	$1.07B	$1.12B	$1.12B	$986.50M	$1.00B	$952.80M	$1.68B
Total liabilities	$5.21B	$6.11B	$5.89B	$6.48B	$6.89B	$7.31B	$6.68B	$6.61B	$6.08B	$7.10B
Shareholders' equity	$2.36B	$2.77B	$2.62B	$2.74B	$2.44B	$2.52B	$2.45B	$2.22B	$2.13B	$2.06B

Cash flow

fiscal years · USD

Fiscal year	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Operating cash flow	$600.00M	$400.90M	$483.10M	$814.40M	$936.40M	$644.80M	$423.30M	$348.20M	$309.20M	-$104.10M
Capital expenditures	$56.90M	$54.70M	$64.70M	$52.90M	$50.70M	$64.20M	$75.60M	$78.20M	$51.10M	$57.30M
Free cash flow	$543.10M	$346.20M	$418.40M	$761.50M	$885.70M	$580.60M	$347.70M	$270.00M	$258.10M	-$161.40M
Investing cash flow	-$110.40M	-$74.50M	-$54.90M	-$16.20M	-$42.40M	-$987.00M	-$85.30M	-$74.10M	-$68.20M	-$59.20M
Financing cash flow	-$597.60M	-$319.30M	-$484.90M	-$337.40M	-$435.20M	-$283.70M	-$482.10M	-$349.50M	-$282.40M	$485.50M
Dividends paid	$118.40M	$123.70M	$127.30M	$129.30M	$129.10M	$136.60M	$139.90M	$144.30M	$145.80M	$66.70M
Share buybacks	$482.20M	$203.90M	$500.70M	$203.00M	$264.70M	$210.00M	$270.00M	$179.80M	$140.00M	$38.20M
Stock-based compensation	$27.10M	$28.70M	$27.80M	$26.30M	$24.20M	$36.80M	$37.60M	$28.70M	$27.30M	$26.30M
Depreciation & amortization	$85.30M	$84.40M	$85.80M	$77.20M	$76.30M	$73.40M	$84.60M	$88.60M	$86.60M	$86.00M

Income statement

quarters · USD

Quarter ended	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Revenue	$4.63B	$4.40B	$4.52B	$4.53B	$4.40B	$4.09B	$4.52B	$4.63B	$4.71B	$4.51B	$4.86B	$4.84B
Cost of revenue	$3.82B	$3.64B	$3.73B	$3.75B	$3.64B	$3.39B	$3.76B	$3.87B	$3.95B	$3.79B	$4.08B	$4.07B
Gross profit	$810.70M	$763.70M	$785.90M	$782.10M	$755.10M	$698.30M	$763.70M	$768.90M	$766.70M	$723.00M	$780.30M	$767.30M
Selling, general & admin	$850.20M	$697.80M	$684.80M	$711.30M	$686.90M	$670.10M	$789.00M	$702.30M	$686.10M	—	$668.30M	$685.00M
Operating income	-$39.50M	$65.90M	$101.10M	$70.80M	$68.20M	$28.20M	-$25.30M	$66.60M	$80.60M	$28.30M	$112.00M	$82.30M
Interest expense	-$139.40M	$20.40M	$22.00M	$24.60M	-$157.00M	$22.50M	$26.00M	$24.00M	-$167.90M	$25.70M	$23.80M	$28.00M
Pre-tax income	-$55.00M	$57.50M	$92.40M	$59.20M	$47.70M	$16.70M	-$41.80M	$52.90M	$65.60M	$15.40M	$92.40M	$68.00M
Income tax	$29.50M	$17.80M	$32.30M	$36.40M	$25.20M	$11.10M	$25.30M	$34.90M	$35.40M	$12.90M	$38.90M	$33.90M
Net income	-$84.50M	$39.70M	$60.10M	$22.80M	$22.50M	$5.60M	-$67.10M	$18.00M	$30.20M	$2.50M	$53.50M	$34.10M
EBITDA	-$15.20M	$87.50M	$122.50M	$92.60M	$90.00M	$49.40M	-$3.10M	$88.70M	$101.10M	$48.50M	$133.50M	$102.70M
EPS (basic)	$-1.68	$0.82	$1.25	$0.48	$0.48	$0.12	$-1.44	$0.39	$0.64	$0.05	$1.14	$0.73
EPS (diluted)	$-1.66	$0.81	$1.24	$0.47	$0.48	$0.12	$-1.44	$0.38	$0.64	$0.05	$1.13	$0.71
Diluted shares	-300.00K	48.90M	48.40M	48.10M	-200.00K	47.30M	46.50M	46.90M	0	47.10M	47.40M	48.10M
Gross margin	17.5%	17.3%	17.4%	17.3%	17.2%	17.1%	16.9%	16.6%	16.3%	16.0%	16.1%	15.9%
Operating margin	-0.9%	1.5%	2.2%	1.6%	1.6%	0.7%	-0.6%	1.4%	1.7%	0.6%	2.3%	1.7%
Net margin	-1.8%	0.9%	1.3%	0.5%	0.5%	0.1%	-1.5%	0.4%	0.6%	0.1%	1.1%	0.7%

Balance sheet

quarters · USD

Quarter ended	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Cash & equivalents	$581.30M	$604.80M	$468.90M	$410.90M	$509.40M	$395.00M	$289.80M	$274.60M	$871.00M	$224.90M	$180.60M	$233.10M
Receivables	$4.83B	$4.46B	$4.60B	$4.59B	$4.30B	$4.17B	$4.64B	$4.63B	$4.77B	$4.63B	$4.73B	$4.62B
Total current assets	$5.57B	$5.25B	$5.23B	$5.18B	$4.97B	$4.75B	$5.14B	$5.10B	$5.79B	$5.06B	$5.13B	$5.06B
Goodwill	$1.59B	$1.57B	$1.57B	$1.59B	$1.56B	$1.58B	$1.55B	$1.54B	$1.54B	$1.54B	$1.48B	$1.48B
Total assets	$8.83B	$8.49B	$8.45B	$8.48B	$8.20B	$8.04B	$8.51B	$8.45B	$9.16B	$8.39B	$8.37B	$8.26B
Total current liabilities	$4.80B	$4.50B	$4.58B	$4.53B	$4.44B	$4.24B	$5.27B	$5.12B	$5.23B	$4.50B	$4.92B	$4.81B
Short-term debt	$12.10M	$15.60M	$136.80M	$24.80M	$23.40M	$100.60M	$815.40M	$747.80M	$625.00M	$112.40M	$476.20M	$540.60M
Long-term debt	$990.50M	$968.90M	$961.70M	$999.70M	$929.40M	$971.40M	$470.30M	$468.30M	$1.05B	$1.03B	$567.30M	$562.80M
Total debt	$1.00B	$984.50M	$1.10B	$1.02B	$952.80M	$1.07B	$1.29B	$1.22B	$1.68B	$1.15B	$1.04B	$1.10B
Total liabilities	$6.61B	$6.31B	$6.32B	$6.30B	$6.08B	$5.93B	$6.51B	$6.44B	$7.10B	$6.33B	$6.27B	$6.12B
Shareholders' equity	$2.22B	$2.18B	$2.14B	$2.18B	$2.13B	$2.10B	$1.99B	$2.01B	$2.06B	$2.06B	$2.11B	$2.14B

Cash flow

quarters · USD

Quarter ended	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Operating cash flow	$113.70M	$116.00M	-$137.90M	$83.50M	$247.60M	-$153.20M	-$189.60M	$59.80M	$178.90M	-$126.30M	-$2.70M	-$8.00M
Capital expenditures	$23.10M	$11.80M	$11.90M	$16.10M	$11.30M	$13.70M	$17.60M	$15.10M	$10.90M	$9.00M	$5.80M	$8.80M
Free cash flow	$90.60M	$104.20M	-$149.80M	$67.40M	$236.30M	-$166.90M	-$207.20M	$44.70M	$168.00M	-$135.30M	-$8.50M	-$16.80M
Investing cash flow	-$21.60M	-$9.70M	-$11.90M	-$20.30M	-$26.30M	-$14.60M	-$19.40M	-$14.70M	-$10.50M	-$8.70M	$82.10M	-$8.10M
Financing cash flow	-$123.80M	-$57.50M	$18.90M	-$140.20M	-$103.60M	$45.70M	$78.30M	-$64.50M	$426.00M	-$511.20M	-$125.60M	$68.20M
Dividends paid	$71.20M	—	—	$0	$72.30M	—	—	$0	$33.40M	—	—	$0
Share buybacks	$50.00M	$50.00M	$27.00M	$29.00M	$34.00M	$25.00M	$13.20M	$0	$0	$300.00K	$0	$0
Stock-based compensation	$8.70M	$7.50M	$7.50M	$7.00M	$5.30M	$7.60M	$7.70M	$4.90M	$6.10M	$6.00M	$7.60M	$7.30M
Depreciation & amortization	$24.30M	$21.60M	$21.40M	$21.80M	$21.80M	$21.20M	$22.20M	$22.10M	$20.50M	$20.20M	$21.50M	$20.40M

Quarterly figures are rebuilt from the year-to-date totals companies report — Q4 is the full year minus the first nine months, since no 10-Q is filed for it. Values are as filed; later restatements replace earlier ones. Fiscal years are labelled by the calendar year in which they end.