ManpowerGroup Inc.
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Range $37 – $72
Price Chart
About the company
ManpowerGroup Inc. , established in 1948 and headquartered in Milwaukee, Wisconsin, is a prominent global provider of human resources and workforce management solutions. The company delivers an extensive array of staffing and talent services across the Americas, Southern and Northern Europe, and the Asia Pacific Middle East region.
- CEO
- Jonas Prising
- IPO
- 1988
- Employees
- 25,400
- HQ
- Milwaukee, WI, US
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Similar companies
Peers in the same neighborhood.
- Market Cap
- $2.82B
- P/E
- 27.03
- Fwd P/E
- 16.69
- PEG
- 0.05
- P/S
- 0.15
- P/B
- 1.35
- EV/EBITDA
- 9.40
- Div Yield
- 2.38%
- Gross Margin
- 16.28%
- Op Margin
- 1.54%
- Net Margin
- 0.56%
- ROE
- 5.06%
- ROIC
- 3.28%
Latest fiscal year · YoY change
- Revenue
- $17.96B+0.6%
- Gross Profit
- $3.00B-2.9%
- Op Income
- $238.80M
- Net Income
- $-13,300,000-109.2%
- EPS
- $-0.29-109.5%
- OCF Growth
- -133.7%
- FCF Growth
- -162.5%
- 52W High
- $60.98
- 52W Low
- $25.15
- 50D MA
- $45.20
- 200D MA
- $33.38
- Beta
- 0.66
- RSI (14)
- 71
- Avg Volume
- 1.28M
Earnings call summaries
Pick a quarter — each call distilled into takeaways, results, and a bull vs bear read.
ManpowerGroup delivered a stronger-than-expected second quarter, with 6% constant-currency revenue growth, improving margins, and management sounding more confident that Manpower is now in recovery while other businesses are stabilizing.· July 16, 2026
- Reported revenues were $4.9 billion, up 6% constant currency, with system-wide revenue of $5.3 billion.
- Adjusted EPS was $0.99, above the guidance midpoint; adjusted EBITDA was $103 million with a 2.1% margin, up 10 bps year over year.
- Manpower grew 8% constant currency globally and 16% in the U.S., while Experis improved to down 2% and Talent Solutions was flat.
- Management said AI tools are scaling quickly, with screening/interview enhancements reaching about 70% of revenues by year-end and time-to-fill down 67% in early use.
- The company reiterated a $200 million permanent cost-savings target in 2028 and said third-quarter guidance implies continued 6% organic days-adjusted growth at the midpoint.
Second-quarter reported revenue was $4.9 billion, up 6% constant currency; system-wide revenue was $5.3 billion. Adjusted EBITDA was $103 million, with a 2.1% margin, up 10 bps year over year. Gross margin was 16.1%, and adjusted EPS was $0.99 versus reported EPS of $1.13. By segment, Manpower revenue grew 8% constant currency, Experis declined 2%, and Talent Solutions was flat. For Q3 2026, management guided EPS to $0.96-$1.06, organic days-adjusted constant-currency revenue growth to 6% at the midpoint, gross profit margin to 16% at the midpoint, and EBITDA margin up 10 bps year over year at the midpoint.
Jonas Prising framed the quarter as evidence that the company is executing well against improving demand, with stronger commercial performance and better operating leverage. He said Manpower has moved from stabilization into recovery, while Experis, Talent Solutions, and Perm are still described as stabilizing but improving. He also emphasized portfolio optimization, disciplined pricing, and the $200 million transformation program as key levers for durable, profitable growth.
Jack McGinnis highlighted that reported revenue was $4.9 billion, system-wide revenue was $5.3 billion, adjusted EBITDA was $103 million, and adjusted EPS was $0.99. He said gross profit margin was 16.1%, staffing margin improved sequentially, SG&A as adjusted was down 1% in constant currency, and free cash flow was an outflow of $9 million versus an outflow of $207 million a year ago. He also noted cash of $181 million, total debt of $1.04 billion, net debt of $863 million, and reiterated restructuring and transformation costs of about $10 million-$15 million per quarter through year-end.
Analysts focused on whether the quarter’s improvement reflected real recovery or company-specific share gains, and management said it was both: better market demand plus better targeting, especially in high-growth verticals and geographies. Questions also probed gross margin, with Jack saying staffing margin was stable despite mix pressure and the Jefferson Wells divestiture, and that Perm is now flat and should run around 15.5%-16.5% of gross profit in more stable conditions. On AI, Becky said time-to-fill is down 67% in early use, the screening/interview tools are scaling toward 70% of revenue by year-end, and the company is seeing early traction from partnerships such as SoundHound AI and IBM watsonx.
The call showed broadening momentum: Manpower stayed strong, Experis improved materially, and Talent Solutions stabilized, while management described the U.S. as seeing early signs of convenience demand returning. AI-related tools and partnerships are being monetized, with management citing faster time-to-fill, a larger pipeline, and $50 million-$100 million of partnership-driven revenue expected this year. The company also has a clear cost-out plan, with $200 million of permanent savings targeted in 2028.
Gross margin remains under pressure from mix, with staffing margin down 60 bps year over year and management still calling the broader recovery early. Experis and Talent Solutions are improving but are not yet back to growth at scale, and management is still characterizing those businesses as stabilizing rather than recovered. Free cash flow was still negative in the quarter, and the company is carrying restructuring and transformation costs as it works through the multi-year program.
AI summary of the company's earnings call · Paraphrased · Not investment advice
- Free Float
- 90.9%
- Shares Outstanding
- 46.51M
- Float Shares
- 42.29M
of shares held by institutions
318 13F filers
Buy/sell ratio 3.85. Sells can include pre-scheduled 10b5-1 plan sales, not just discretionary selling.
Congressional trading
Senate and House stock disclosures for MAN, newest first.
| Member | Type | Traded | |
|---|---|---|---|
| Lisa McClainHouse · MI09 | Sell | Sep 25, 25 | Filing → |
| Lisa McClainHouse · MI09 | Buy | Sep 11, 25 | Filing → |
| Michael McCaulHouse · TX10 | Sell | May 9, 23 | Filing → |
| Michael McCaulHouse · TX10 | Sell | May 9, 23 | Filing → |
| Michael McCaulHouse · TX10 | Sell | Dec 14, 22 | Filing → |
| Michael McCaulHouse · TX10 | Sell | Dec 14, 22 | Filing → |
| Michael McCaulHouse · TX10 | Buy | Feb 15, 22 | Filing → |
| Michael McCaulHouse · TX10 | Buy | Feb 15, 22 | Filing → |
| Michael McCaulHouse · TX10 | Sell | Dec 14, 21 | Filing → |
Source: public STOCK Act disclosures. Filed weeks after the trade — a lagging signal, not a real-time one.
Top institutional holders
Largest 13F positions, with quarter-over-quarter change.
| Holder | Shares | Δ Quarter |
|---|---|---|
| Blackrock, Inc. | 7.87M | ▲ 1.49M |
| Vanguard Group Inc | 6.02M | ▼ 191.05K |
| Aqr Capital Management LLC | 3.54M | ▼ 199.44K |
| Quantinno Capital Management LP | 3.14M | ▲ 1.35M |
| Schroder Investment Management Group | 2.33M | ▲ 49.93K |
| Vanguard Capital Management LLC | 2.09M | ▼ 12.49K |
| State Street Corp | 2.03M | ▲ 416.07K |
| Two Sigma Investments, LP | 1.47M | ▼ 48.72K |
| Dimensional Fund Advisors LP | 1.23M | ▼ 257.99K |
| Geode Capital Management, LLC | 1.20M | ▲ 425.46K |
| Citadel Advisors LLC | 1.19M | ▲ 256.87K |
| Morgan Stanley | 1.16M | ▼ 224.52K |
Held by 356 ETFs
Biggest fund positions in MAN by dollar value.
Recent insider transactions
Who's buying, who's selling, and how much.
| Date | Insider | Type | Shares |
|---|---|---|---|
| Feb 19, 26 | Frankiewicz Rebecca | other | 758 |
| Feb 19, 26 | McGinnis John T | other | 4,943 |
| Feb 19, 26 | PRISING JONAS | other | 16,729 |
| Feb 19, 26 | PRISING JONAS | other | 18,766 |
| Feb 17, 26 | PRISING JONAS | other | 52,865 |
| Feb 17, 26 | PRISING JONAS | other | 23,319 |
| Feb 17, 26 | PRISING JONAS | other | 29,546 |
| Feb 17, 26 | PRISING JONAS | other | 52,865 |
| Feb 17, 26 | Rozek Eric | other | 565 |
| Feb 17, 26 | Rozek Eric | other | 198 |
A “Sell” may be a pre-scheduled 10b5-1 plan sale rather than a discretionary decision — read insider selling with that in mind.
Our MAN coverage
Recent articles, reports, and earnings notes.
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Generate MAN report →California State Teachers Retirement System Acquires 17,099 Shares of ManpowerGroup Inc. $MAN
defenseworld.net · Aug 13
Assenagon Asset Management S.A. Acquires Shares of 128,000 ManpowerGroup Inc. $MAN
defenseworld.net · Aug 13
As Skills Shortages and AI Reshape Hiring, Talent Solutions RPO Named a Global RPO Leader for Helping Organizations Navigate a Changing Workforce
prnewswire.com · Aug 12
Here's Why You Should Retain ManpowerGroup Stock in Your Portfolio
zacks.com · Aug 11
ManpowerGroup Elects John B. Gibson Jr. to Board of Directors
prnewswire.com · Aug 11
AI Adoption Is Outpacing Leadership Readiness as New Research Finds Only 3% of Organizations Say Their Leaders Are Fully Prepared to Lead AI-Enabled Teams
prnewswire.com · Jul 22
Chicago Partners Investment Group LLC Buys New Stake in ManpowerGroup Inc. $MAN
defenseworld.net · Jul 19
ManpowerGroup: The Recovery Can Now Support Earnings Growth (Rating Upgrade)
seekingalpha.com · Jul 18
Headlines from third-party outlets — TickerSpark isn't affiliated with these sources.