ManpowerGroup Reports 2nd Quarter 2026 Results

Rhea-AI Summary

ManpowerGroup (NYSE: MAN) reported second quarter 2026 revenues of $4.9 billion, up 8% as reported and 6% in constant currency. Net earnings were $53.5 million, or $1.13 per diluted share, compared with a net loss of $67.1 million, or $1.44 per share, a year earlier.

According to ManpowerGroup, the quarter included the $100 million sale of its Jefferson Wells U.S. business, generating $88 million of net cash proceeds. Items related to this sale, transformation and restructuring, and a discontinued business liquidation charge together increased EPS by $0.14. Excluding these items, adjusted EPS was $0.99, a 27% increase in constant currency versus 2025.

The company highlighted strong demand in the United States, Latin America, APME and select European markets, with very strong growth in the Manpower brand and improving trends in Experis and Talent Solutions. For the third quarter of 2026, ManpowerGroup anticipates diluted EPS between $0.96 and $1.06, including an estimated $0.02 unfavorable currency impact and an expected 44% effective tax rate.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Positive

• Revenue $4.9 billion, up 8% as reported and 6% in constant currency year over year
• EPS swing to profit: $1.13 per diluted share vs. $1.44 loss prior year
• Net income $53.5 million vs. $67.1 million net loss a year earlier
• Adjusted EPS $0.99, up 27% in constant currency from the prior-year quarter
• Jefferson Wells U.S. sale for $100 million, generating $88 million in net cash proceeds
• Profitability improvement driven by gross profit growth and SG&A reductions year over year

Negative

• Q3 2026 guidance includes an estimated $0.02 unfavorable currency impact on diluted EPS
• Expected effective tax rate 44% for third quarter 2026, reducing net earnings leverage

Market Context

Set against Q2’s improvement and the guidance range of $0.96–$1.06, the context includes elevated sh...

Analysis

Set against Q2’s improvement and the guidance range of $0.96–$1.06, the context includes elevated short positioning and prior mixed reactions to news. Investors may watch whether execution sustains constant-currency revenue growth without sparking further volatility driven by shorts.

Key Figures

Revenue: $4.9 billion Diluted EPS: $1.13 Net earnings: $53.5 million +5 more

8 metrics

Revenue $4.9 billion Q2 2026, +8% reported, +6% constant currency vs prior year

Diluted EPS $1.13 Q2 2026, vs net loss of $1.44 per share prior year

Net earnings $53.5 million Q2 2026, vs net loss of $67.1 million prior year

Business sale proceeds $100 million ($88 million net cash) Sale of Jefferson Wells U.S. business in Q2 2026

EPS impact of items $0.14 per share Net positive EPS impact from sale, transformation, restructuring, and liquidation items, Q2 2026

Adjusted diluted EPS $0.99 Q2 2026, +27% in constant currency vs prior year

Constant-currency revenue growth 6% Q2 2026 vs prior year period

Q3 EPS guidance $0.96–$1.06 Q3 2026 outlook, includes $0.02 FX headwind and 44% effective tax rate

Historical Context

5 past events · Latest: Jul 08 (Positive)

Pattern 5 events

Date	Event	Sentiment	24h Move	Catalyst
Jul 08	AI product launch	Positive	-3.8%	Experis launched ExcelerateWorkflow, an AI-powered workflow solution built on IBM watsonx.
Jul 01	Earnings date notice	Neutral	+9.9%	Company scheduled release and webcast for second-quarter 2026 earnings results.
Jun 23	AI hiring research	Neutral	+3.0%	Research highlighted widespread AI use in hiring but limited transformational outcomes.
Jun 22	Leadership visibility	Positive	-6.7%	CEO Jonas Prising named co-chair of World Economic Forum New Champions meeting.
Jun 16	Labor outlook survey	Neutral	+2.6%	Experis Tech Talent Outlook reported moderated tech hiring but solid demand for AI skills.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Pattern Detected

Recent headlines have produced mixed share reactions, with some positive AI and leadership news coinciding with negative moves and other neutral items seeing gains.

Key Terms

constant currency, sg&a, rpo, diluted earnings per share, +1 more

5 terms

constant currency financial

"Revenues of $4.9 billion (+8% as reported, +6% constant currency)"

Constant currency is a way of measuring financial results that removes the effects of changes in currency exchange rates. It allows for a clearer comparison of a company's performance over time by showing what the numbers would look like if exchange rates had stayed the same. This helps investors understand whether growth comes from actual business improvements or just currency fluctuations.

sg&a financial

"Gross Profit growth combined with SG&A reductions generated meaningful growth"

SG&A stands for Selling, General, and Administrative expenses. It includes the costs a company spends on selling products, running the business day-to-day, and managing staff, like advertising, rent, and salaries. These expenses matter because they affect how much profit a company can make from its sales.

rpo financial

"Talent Solutions revenue trends also improved sequentially driven by RPO with ongoing solid MSP growth."

Remaining Performance Obligations (RPO) is the total value of contracted revenue not yet delivered or recognized. It includes deferred revenue and backlog from signed contracts. RPO shows investors how much future revenue is already locked in.

diluted earnings per share financial

"We anticipate diluted earnings per share in the third quarter will be between $0.96 and $1.06"

Diluted earnings per share is a measure of a company's profit allocated to each share of stock, taking into account all possible shares that could be created through stock options, convertible bonds, or other securities. It shows the lowest possible earnings per share if all these potential shares were issued, helping investors understand the worst-case scenario for their ownership. This figure matters because it provides a more conservative view of a company's profitability per share.

effective tax rate financial

"includes an estimated unfavorable currency impact of 2 cents and a 44% effective tax rate."

The effective tax rate is the percentage of a company's profits that it pays in taxes. It shows how much of its earnings go to taxes after all deductions and credits are considered. For investors, it indicates how much of the company's income is taken by taxes, impacting overall profitability and financial health.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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• Revenues of $4.9 billion (+8% as reported, +6% constant currency)
• Strong demand in United States, Latin America, APME and in select European countries including Italy, Spain, Poland and Norway
• Manpower had very strong revenue growth in the quarter. Experis revenue trends improved from previous quarters driven by the United States. Talent Solutions revenue trends also improved sequentially driven by RPO with ongoing solid MSP growth.
• Gross Profit growth combined with SG&A reductions generated meaningful growth in profitability year over year
• Sale of Jefferson Wells U.S. business for $100 million generating net cash proceeds of $88 million

MILWAUKEE, July 16, 2026 /PRNewswire/ -- ManpowerGroup (NYSE: MAN) today reported net earnings of $1.13 per diluted share for the three months ended June 30, 2026 compared to net losses of $1.44 per diluted share in the prior year period. Net earnings in the quarter were $53.5 million compared to net losses of $67.1 million a year earlier. Revenues for the second quarter were $4.9 billion, an 8% increase from the prior year period.

The current year quarter included the sale of our Jefferson Wells U.S. business, strategic transformation program costs, restructuring costs, and a discontinued business liquidation charge which, in aggregate, positively impacted earnings per share by $0.14 in the second quarter. Excluding these items, earnings per share was $0.99 per diluted share in the quarter representing an increase of 27% in constant currency in the second quarter of 2026.¹

Financial results in the quarter were also impacted by the U.S. dollar relative to foreign currencies compared to the prior year period. On a constant currency basis, revenues increased 6% compared to the prior year period.

Jonas Prising, ManpowerGroup Chair & CEO, said, "In the second quarter we delivered strong results with revenues ahead of expectations. Results reflect good execution across our brands and markets, continued cost discipline and improving demand. We are leveraging our scale and diversified platform and focusing commercial efforts on verticals that offer the greatest opportunities to win and capture share. We saw very strong growth in our Manpower brand and improving trends across Experis and Talent Solutions.

Throughout the quarter, we advanced our global strategic transformation program and expanded AI capabilities that improve productivity and unlock new higher-value solutions through critical strategic partnerships. Looking ahead, we maintain our view that 2026 represents an important inflection point for ManpowerGroup as we execute our transformation strategy and position the business for long-term durable profitable growth."

We anticipate diluted earnings per share in the third quarter will be between $0.96 and $1.06, which includes an estimated unfavorable currency impact of 2 cents and a 44% effective tax rate."

In conjunction with its second quarter earnings release, ManpowerGroup will broadcast its conference call live over the internet on July 16, 2026 at 7:30 a.m. Central time (8:30 a.m. Eastern time). Prepared remarks for the conference call, webcast details, presentation and recordings are included within the Investor Relations section of manpowergroup.com.

Supplemental financial information referenced in the conference call can be found at http://investor.manpowergroup.com/.

____________________
1	The prior year period included various adjustments which reduced earnings per share by $2.22 in the second quarter which are also excluded when determining the year over year adjusted trend.

About ManpowerGroup
ManpowerGroup® (NYSE: MAN), the leading global workforce solutions company, helps organizations transform in a fast-changing world of work by sourcing, assessing, developing, and managing the talent that enables them to win. We develop innovative solutions for hundreds of thousands of organizations every year, providing them with skilled talent while finding meaningful, sustainable employment for millions of people across a wide range of industries and skills. Our expert family of brands – Manpower, Experis, and Talent Solutions – creates substantially more value for candidates and clients across more than 70 countries and territories and has done so for more than 75 years. We are recognized consistently for our diversity – as a best place to work for Women, Inclusion, Equality, and Disability, and in 2026 ManpowerGroup was named one of the World's Most Ethical Companies for the 17th time – all confirming our position as the brand of choice for in-demand talent. For more information, visit www.manpowergroup.com.

Forward-Looking Statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Exchange Act of 1934, as amended, including statements regarding trends in labor demand and the future strengthening of such demand, the Company's financial outlook, and the Company's strategic initiatives and technology investments, including our ability to increase market share and the acceleration of transformation initiatives to remove structural costs from the organization to drive efficiencies, which are subject to risks and uncertainties. The Company's actual results may differ materially from those described or contemplated in the forward-looking statements due to numerous factors. These factors include those found in the Company's reports filed with the SEC, including the information under the heading "Risk Factors" in its Annual Report on Form 10-K for the year ended December 31, 2025, which information is incorporated herein by reference.

We caution that any forward-looking statement reflects only our belief at the time the statement is made. The Company assumes no obligation to update or revise any forward-looking statements. We reference certain non-GAAP financial measures, which we believe provide useful information for investors. We include a reconciliation of these measures, where appropriate, to GAAP on the Investor Relations section of our website at manpowergroup.com.

ManpowerGroup Results of Operations (In millions, except per share data)
		Three Months Ended June 30
										% Variance
										Amount				Constant
		2026				2025				Reported				Currency
		(Unaudited)
Revenues from services (a)		$	4,860.2			$	4,519.3				7.5	%			5.8	%
Cost of services			4,079.9				3,755.6				8.6	%			6.8	%
Gross profit			780.3				763.7				2.2	%			0.7	%
Selling and administrative expenses,    excluding impairment charges			668.3				700.3				-4.6	%			-6.0	%
Impairment charges (b)			—				88.7			N/A				N/A
Selling and administrative expenses			668.3				789.0				-15.3	%			-16.6	%
Operating profit (loss)			112.0				(25.3)			N/A				N/A
Interest and other expenses, net			19.6				16.5				18.1	%
Earnings (loss) before income taxes			92.4				(41.8)			N/A				N/A
Provision for income taxes			38.9				25.3				54.2	%
Net earnings (loss)		$	53.5			$	(67.1)			N/A				N/A
Net earnings (loss) per share - basic		$	1.14			$	(1.44)			N/A
Net earnings (loss) per share - diluted		$	1.13			$	(1.44)			N/A				N/A
Weighted average shares - basic			46.9				46.5				0.8	%
Weighted average shares - diluted			47.4				46.5				2.0	%

(a)	Revenues from services include fees received from our franchise offices of $4.5 million and $4.4 million for the three months ended June 30, 2026 and 2025, respectively. These fees are primarily based on revenues generated by the franchise offices, which were $471.4 million and $428.7 million for the three months ended June 30, 2026 and 2025, respectively.
(b)	Impairment charges for the three months ended June 30, 2025 consist of a goodwill impairment related to our investments in Switzerland and the United Kingdom and an impairment of an indefinite lived intangible asset in our Switzerland business.

 

ManpowerGroup
Operating Unit Results
(In millions)
		Three Months Ended June 30
										% Variance
										Amount				Constant
		2026				2025				Reported				Currency
		(Unaudited)
Revenues from Services:
Americas:
United States (a)		$	714.3			$	674.1				6.0	%			6.0	%
Other Americas			498.0				385.9				29.0	%			23.8	%
			1,212.3				1,060.0				14.4	%			12.5	%
Southern Europe:
France			1,177.6				1,149.3				2.5	%			0.0	%
Italy			521.9				475.9				9.6	%			7.0	%
Other Southern Europe			609.2				524.1				16.2	%			9.9	%
			2,308.7				2,149.3				7.4	%			4.0	%
Northern Europe			825.5				794.4				3.9	%			1.4	%
APME			518.7				525.3				-1.2	%			5.0	%
			4,865.2				4,529.0
Intercompany Eliminations			(5.0)				(9.7)
		$	4,860.2			$	4,519.3				7.5	%			5.8	%
Operating Unit Profit (Loss):
Americas:
United States		$	52.8			$	19.7				169.1	%			169.1	%
Other Americas			19.1				16.4				15.5	%			11.8	%
			71.9				36.1				99.0	%			97.3	%
Southern Europe:
France			28.4				32.3				-12.0	%			-13.9	%
Italy			34.1				31.8				7.1	%			4.5	%
Other Southern Europe			12.6				9.2				38.1	%			25.0	%
			75.1				73.3				2.5	%			-1.0	%
Northern Europe			2.0				(9.0)			N/A				N/A
APME			23.9				26.4				-9.0	%			0.2	%
			172.9				126.8
Corporate expenses			(53.9)				(55.1)
Impairment charges (b)			—				(88.7)
Intangible asset amortization expense			(7.0)				(8.3)
Operating profit (loss)			112.0				(25.3)			N/A				N/A
Interest and other expenses, net (c)			(19.6)				(16.5)
Earnings (loss) before income taxes		$	92.4			$	(41.8)

(a)	In the United States, revenues from services include fees received from our franchise offices of $2.7 million and $2.6 million for the three months ended June 30, 2026 and 2025, respectively. These fees are primarily based on revenues generated by the franchise offices, which were $93.5 million and $87.1 million for the three months ended June 30, 2026 and 2025, respectively.
(b)	Impairment charges for the three months ended June 30, 2025 consist of a goodwill impairment related to our investments in Switzerland and the United Kingdom and an impairment of an indefinite lived intangible asset in our Switzerland business.
(c)	The components of interest and other expenses, net were:

		2026				2025
Interest expense		$	23.8			$	26.0
Interest income			(4.8)				(8.2)
Foreign exchange loss			1.7				1.3
Miscellaneous income, net			(1.1)				(2.6)
		$	19.6			$	16.5

 

ManpowerGroup
Results of Operations
(In millions, except per share data)
		Six Months Ended June 30
										% Variance
										Amount				Constant
		2026				2025				Reported				Currency
		(Unaudited)
Revenues from services (a)		$	9,370.6			$	8,609.6				8.8	%			4.4	%
Cost of services			7,867.3				7,147.6				10.1	%			5.5	%
Gross profit			1,503.3				1,462.0				2.8	%			-1.0	%
Selling and administrative expenses,    excluding impairment charges			1,363.0				1,370.4				-0.5	%			-4.1	%
Impairment charges (b)			—				88.7			N/A				N/A
Selling and administrative expenses			1,363.0				1,459.1				-6.6	%			-10.0	%
Operating profit			140.3				2.9				4702.9	%			4487.8	%
Interest and other expenses, net			32.5				28.0				16.1	%
Earnings (loss) before income taxes			107.8				(25.1)			N/A				N/A
Provision for income taxes			51.8				36.4				42.2	%
Net earnings (loss)		$	56.0			$	(61.5)			N/A				N/A
Net earnings (loss) per share - basic		$	1.20			$	(1.32)			N/A
Net earnings (loss) per share - diluted		$	1.19			$	(1.32)			N/A				N/A
Weighted average shares - basic			46.8				46.7				0.2	%
Weighted average shares - diluted			47.2				46.7				1.2	%

(a)	Revenues from services include fees received from our franchise offices of $8.3 million and $8.2 million for the six months ended June 30, 2026 and 2025, respectively. These fees are primarily based on revenues generated by the franchise offices, which were $925.7 million and $847.1 million for the six months ended June 30, 2026 and 2025, respectively.
(b)	Impairment charges for the six months ended June 30, 2025 consist of a goodwill impairment related to our investments in Switzerland and the United Kingdom and an impairment of an indefinite lived intangible asset in our Switzerland business.

 

ManpowerGroup
Operating Unit Results
(In millions)
		Six Months Ended June 30
										% Variance
										Amount				Constant
		2026				2025				Reported				Currency
		(Unaudited)
Revenues from Services:
Americas:
United States (a)		$	1,369.2			$	1,362.9				0.5	%			0.5	%
Other Americas			958.7				753.8				27.2	%			21.6	%
			2,327.9				2,116.7				10.0	%			8.0	%
Southern Europe:
France			2,246.2				2,115.0				6.2	%			-0.1	%
Italy			996.6				873.7				14.1	%			7.2	%
Other Southern Europe			1,167.2				994.6				17.4	%			8.1	%
			4,410.0				3,983.3				10.7	%			3.5	%
Northern Europe			1,615.6				1,525.2				5.9	%			-0.1	%
APME			1,029.2				1,001.7				2.8	%			6.5	%
			9,382.7				8,626.9
Intercompany Eliminations			(12.1)				(17.3)
			9,370.6				8,609.6				8.8	%			4.4	%
Operating Unit Profit (Loss):
Americas:
United States		$	54.9			$	31.0				77.2	%			77.2	%
Other Americas			36.1				30.6				18.0	%			13.0	%
			91.0				61.6				47.8	%			45.3	%
Southern Europe:
France			45.5				53.3				-14.6	%			-18.3	%
Italy			62.8				56.4				11.2	%			4.9	%
Other Southern Europe			21.0				13.8				53.1	%			37.9	%
			129.3				123.5				4.8	%			-1.4	%
Northern Europe			(6.2)				(27.3)				77.2	%			82.4	%
APME			45.6				46.4				-1.8	%			5.1	%
			259.7				204.2
Corporate expenses			(105.4)				(96.2)
Impairment charges (b)			—				(88.7)
Intangible asset amortization expense			(14.0)				(16.4)
Operating profit			140.3				2.9				4702.9	%			4487.8	%
Interest and other expenses, net (c)			(32.5)				(28.0)
Earnings (loss) before income taxes		$	107.8			$	(25.1)

(a)	In the United States, revenues from services include fees received from our franchise offices of $5.1 million and $4.8  million for the six months ended June 30, 2026 and 2025, respectively. These fees are primarily based on revenues generated by the franchise offices, which were $171.9 million and $164.0 million for the six months ended June 30, 2026 and 2025, respectively.
(b)	Impairment charges for the six months ended June 30, 2025 consist of a goodwill impairment related to our investments in Switzerland and the United Kingdom and an impairment of an indefinite lived intangible asset in our Switzerland business.
(c)	The components of interest and other expenses, net were:

		2026				2025
Interest expense		$	49.5			$	48.5
Interest income			(10.9)				(15.1)
Foreign exchange loss			2.3				2.2
Miscellaneous income, net			(8.4)				(7.6)
		$	32.5			$	28.0

 

ManpowerGroup
Consolidated Balance Sheets
(In millions)
		June 30,				December 31,
		2026				2025
		(Unaudited)
ASSETS
Current assets:
Cash and cash equivalents		$	180.6			$	871.0
Accounts receivable, net			4,733.8				4,770.3
Prepaid expenses and other assets			217.0				149.1
Total current assets			5,131.4				5,790.4
Other assets:
Goodwill			1,483.4				1,544.6
Intangible assets, net			415.7				430.1
Operating lease right-of-use assets			360.8				392.7
Other assets			868.5				879.1
Total other assets			3,128.4				3,246.5
Property and equipment:
Land, buildings, leasehold improvements and equipment			522.0				526.9
Less: accumulated depreciation and amortization			406.9				403.7
Net property and equipment			115.1				123.2
Total assets		$	8,374.9			$	9,160.1
LIABILITIES AND SHAREHOLDERS' EQUITY
Current liabilities:
Accounts payable		$	2,593.7			$	2,721.1
Employee compensation payable			216.3				232.3
Accrued payroll taxes and insurance			668.8				672.1
Accrued liabilities			452.1				457.6
Value added taxes payable			410.1				418.1
Short-term operating lease liability			102.2				107.4
Short-term borrowings and current maturities of long-term debt			476.2				625.0
Total current liabilities			4,919.4				5,233.6
Other liabilities:
Long-term debt			567.3				1,052.1
Long-term operating lease liability			274.3				304.3
Other long-term liabilities			507.5				509.8
Total other liabilities			1,349.1				1,866.2
Shareholders' equity:
ManpowerGroup shareholders' equity
Common stock			1.2				1.2
Capital in excess of par value			3,585.8				3,572.5
Retained earnings			3,754.8				3,732.3
Accumulated other comprehensive loss			(399.1)				(412.1)
Treasury stock, at cost			(4,836.4)				(4,834.3)
Total ManpowerGroup shareholders' equity			2,106.3				2,059.6
Noncontrolling interests			0.1				0.7
Total shareholders' equity			2,106.4				2,060.3
Total liabilities and shareholders' equity		$	8,374.9			$	9,160.1

 

ManpowerGroup
Consolidated Statements of Cash Flows
(In millions)
		Six Months Ended
		June 30,
		2026				2025
		(Unaudited)
Cash Flows from Operating Activities:
Net earnings (Loss)		$	56.0			$	(61.5)
Adjustments to reconcile net earnings to net cash used in operating activities:
Depreciation and amortization			41.7				43.4
(Gain) Loss on sales of subsidiaries, net			(24.5)				6.2
Non-cash impairment of goodwill and other intangible assets			—				88.7
Deferred income taxes			9.3				4.5
Provision for credit losses			5.4				1.9
Share-based compensation			13.6				15.3
Changes in operating assets and liabilities:
Accounts receivable			(49.2)				7.9
Other assets			(91.9)				(92.4)
Accounts payable			(89.9)				(209.6)
Other liabilities			0.5				(147.2)
Cash used in operating activities			(129.0)				(342.8)
Cash Flows from Investing Activities:
Capital expenditures			(14.8)				(31.3)
Acquisition of businesses, net of cash acquired			—				(1.0)
Impact to cash resulting from sales of subsidiaries			87.5				(2.1)
Proceeds from the sale of property and equipment			0.7				0.4
Cash provided by (used in) investing activities			73.4				(34.0)
Cash Flows from Financing Activities:
Net change in short-term borrowings			(16.9)				67.1
Net proceeds from revolving debt facility			—				136.0
Proceeds from long-term debt			3.3				0.1
Repayments of long-term debt			(585.8)				(0.4)
Payments of contingent consideration for acquisition			(0.8)				(1.3)
Taxes paid related to net share settlement			(2.8)				(6.0)
Repurchases of common stock and excise tax			(0.3)				(38.2)
Dividends paid			(33.5)				(33.3)
Cash (used in) provided by financing activities			(636.8)				124.0
Effect of exchange rate changes on cash			2.0				33.2
Change in cash and cash equivalents			(690.4)				(219.6)
Cash and cash equivalents, beginning of period			871.0				509.4
Cash and cash equivalents, end of period		$	180.6			$	289.8

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SOURCE ManpowerGroup

FAQ

How did ManpowerGroup (MAN) perform financially in Q2 2026?

ManpowerGroup reported Q2 2026 revenue of $4.9 billion and net earnings of $53.5 million, or $1.13 per diluted share. According to ManpowerGroup, this compares with a net loss of $67.1 million, or $1.44 per share, in the prior-year quarter.

What was ManpowerGroup's Q2 2026 revenue growth and constant currency impact?

ManpowerGroup’s Q2 2026 revenue grew 8% as reported to $4.9 billion, with 6% growth in constant currency. According to ManpowerGroup, financial results were affected by U.S. dollar movements, with foreign exchange reducing reported growth versus constant currency performance.

What is ManpowerGroup's adjusted EPS for Q2 2026 and how does it compare year over year?

Adjusted EPS for Q2 2026 was $0.99 per diluted share, excluding specified items that added $0.14. According to ManpowerGroup, this represents a 27% increase in constant currency compared with the adjusted trend in the second quarter of 2025.

What did the sale of the Jefferson Wells U.S. business mean for ManpowerGroup (MAN)?

ManpowerGroup sold its Jefferson Wells U.S. business for $100 million, generating $88 million in net cash proceeds. According to ManpowerGroup, this sale, along with other items, increased Q2 2026 earnings per share by $0.14 in aggregate.

What earnings guidance did ManpowerGroup (MAN) provide for Q3 2026?

ManpowerGroup expects Q3 2026 diluted EPS between $0.96 and $1.06. According to ManpowerGroup, this outlook includes an estimated $0.02 unfavorable currency impact and assumes an effective tax rate of approximately 44% for the quarter.

Which regions and brands drove ManpowerGroup's growth in Q2 2026?

Growth was supported by strong demand in the United States, Latin America, APME, and select European markets. According to ManpowerGroup, the Manpower brand showed very strong revenue growth, with improving trends in Experis and Talent Solutions, including RPO and MSP offerings.

How did cost management affect ManpowerGroup’s profitability in Q2 2026?

Profitability improved as gross profit growth combined with SG&A reductions year over year. According to ManpowerGroup, this cost discipline contributed to meaningful growth in profitability alongside revenue gains and supported the overall earnings turnaround in Q2 2026.