ManpowerGroup Reports 4th Quarter 2025 Results

Rhea-AI Summary

ManpowerGroup (NYSE: MAN) reported Q4 2025 revenues of $4.7B (up 7% reported, +1% constant currency, +2% organic cc) and net earnings $0.64 per diluted share for the quarter. Adjusted EPS was $0.92, down 17% in constant currency after excluding restructuring, pension settlements and Argentina hyperinflation translation losses.

Gross margin was 16.3%, SG&A improved sequentially from cost actions, and the company refinanced a €500M note and reset its revolving credit for five years. Q1 2026 EPS guidance: $0.45–$0.55 (includes ~6¢ favorable currency).

Positive

• Q4 revenues of $4.7B (7% reported, 1% constant currency)
• Adjusted Q4 EPS of $0.92 after unusual charges
• Refinanced €500M note and reset revolving credit for a new 5-year period
• Sequential improvement in SG&A from cost actions and additional restructuring

Negative

• Full-year net loss of $13.3M vs prior-year net earnings of $145.1M
• Charges reduced FY EPS by $3.26 (goodwill/intangible impairments, restructuring, disposals, pension, Argentina losses)
• Adjusted full-year EPS declined 38% in constant currency to $2.97
• Gross profit margin softness from weaker permanent recruitment activity in Europe

News Market Reaction

+14.95% 2.5x vol

57 alerts

+14.95% News Effect

+16.7% Peak in 31 hr 51 min

+$219M Valuation Impact

$1.68B Market Cap

2.5x Rel. Volume

On the day this news was published, MAN gained 14.95%, reflecting a significant positive market reaction. Argus tracked a peak move of +16.7% during that session. Our momentum scanner triggered 57 alerts that day, indicating high trading interest and price volatility. This price movement added approximately $219M to the company's valuation, bringing the market cap to $1.68B at that time. Trading volume was elevated at 2.5x the daily average, suggesting notable buying interest.

Data tracked by StockTitan Argus on the day of publication.

Key Figures

Q4 2025 revenue: $4.7 billion Q4 EPS (diluted): $0.64 Q4 adjusted EPS: $0.92 +5 more

8 metrics

Q4 2025 revenue $4.7 billion Fourth quarter 2025; 7% increase from prior-year period

Q4 EPS (diluted) $0.64 Three months ended Dec 31, 2025 vs $0.47 prior year

Q4 adjusted EPS $0.92 Excluding restructuring, pension, Argentina items; down 17% in constant currency

Q4 charges impact $0.28 per share Restructuring, pension settlements, Argentina FX reduced EPS

Q4 gross profit margin 16.3% Impacted by softer permanent recruitment in Europe; staffing margins steady YoY

2025 revenue $18.0 billion Full year 2025; 1% increase reported, 2% decrease in constant currency

2025 adjusted EPS $2.97 Full year EPS excluding charges; 38% decrease in constant currency

Q1 2026 EPS guidance $0.45–$0.55 Includes estimated $0.06 favorable currency impact and 43.0% effective tax rate

Market Reality Check

Price: $36.33 Vol: Volume 1,493,398 is 1.67×...

high vol

$36.33 Last Close

Volume Volume 1,493,398 is 1.67× the 20-day average of 896,874, indicating elevated trading ahead of/around earnings. high

Technical Shares at $28.96 trade well below the $37.33 200-day MA and are 54.28% under the 52-week high, sitting 10.79% above the 52-week low.

Peers on Argus

MAN is down 3.79% with elevated volume, while peers are mixed: NSP (-8.26%), KFR...

MAN is down 3.79% with elevated volume, while peers are mixed: NSP (-8.26%), KFRC (-4.69%), BBSI (-2.03%), KELYB (+2.65%), and HSII (0%). Moves are not uniformly aligned, pointing to a stock-specific response rather than a broad sector rotation.

Historical Context

5 past events · Latest: Jan 20 (Neutral)

Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
Jan 20	AI labor survey	Neutral	-2.6%	Global Talent Barometer showed rising AI use but falling worker confidence.
Jan 16	AI strategy update	Positive	-2.9%	Participation in WEF Davos and new AI workforce readiness initiatives.
Jan 05	Earnings date notice	Neutral	-0.2%	Announcement of Q4 2025 earnings release timing and webcast details.
Dec 09	Employment outlook data	Neutral	-0.9%	Q1 2026 Employment Outlook Survey showing 24% global Net Employment Outlook.
Nov 20	Brand license deal	Positive	-2.1%	Brand license agreement expanding Manpower-branded services into Saudi Arabia.

Pattern Detected

Recent news over the past few months has often been followed by modest negative price reactions, even when announcements were neutral or strategically positive, suggesting a tendency for MAN shares to trade lower on news flow.

Recent Company History

Over the last few months, ManpowerGroup news has focused on workforce insights and strategic positioning rather than hard financial results. AI- and talent-related thought‑leadership pieces on Jan 16 and Jan 20, 2026 coincided with modest share declines, as did macro employment outlook data on Dec 9, 2025 and an international brand license announcement on Nov 20, 2025. Today’s Q4 2025 earnings inject concrete revenue and EPS data into this narrative, marking a shift from thematic updates to detailed financial performance.

Market Pulse Summary

The stock surged +14.9% in the session following this news. A strong positive reaction aligns with M...

Analysis

The stock surged +14.9% in the session following this news. A strong positive reaction aligns with MAN’s return to reported revenue growth of 7% in Q4 on $4.7 billion of sales, even though adjusted EPS fell 17% in constant currency to $0.92. The stock had been trading 54.28% below its 52‑week high at $28.96, so earnings stabilization and detailed guidance of $0.45–$0.55 EPS for Q1 2026 could have attracted buyers. Elevated volume at 1.67× average would have supported a forceful move, but past patterns show that follow‑through after positive news has not always been consistent.

Key Terms

constant currency, organic constant currency, gross profit margin, revolving credit facility, +3 more

7 terms

constant currency financial

"7% as reported, 1% constant currency, 2% organic 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.

organic constant currency financial

"1% constant currency, 2% organic constant currency"

A performance measure showing how a company’s sales or revenue changed from one period to another after removing the effects of recent acquisitions or disposals (organic) and filtering out the impact of exchange-rate swings (constant currency). Investors use it like comparing the same store’s sales before and after removing new locations and shifting prices, to judge the business’s true underlying growth without distortions from deals or currency moves.

gross profit margin financial

"Gross profit margin of 16.3% reflects softer than expected permanent recruitment"

Gross profit margin shows how much money a company keeps from sales after paying for the goods or services it sold. It’s like checking how much profit is left over from each dollar earned before covering other costs. A higher margin indicates the company makes more money from its sales, which helps assess its profitability and efficiency.

revolving credit facility financial

"reset the revolving credit facility for a new 5-year period"

A revolving credit facility is a type of loan that a business can borrow from whenever it needs money, up to a set limit. It’s like having a credit card for companies—allowing them to borrow, pay back, and borrow again as needed, providing flexibility for managing cash flow or funding short-term expenses.

diluted share financial

"net earnings of $0.64 per diluted share for the three months"

Diluted share count is the total number of company shares that would exist if all potential claims that can become stock—such as employee stock options, warrants and convertible bonds—were exercised or converted. Investors use diluted shares to see a more conservative view of ownership and per-share metrics (like earnings per share), because it’s like slicing a cake into more pieces: the same profit spread over more slices makes each slice smaller.

hyperinflationary financial

"Argentina hyperinflationary related non-cash currency translation losses"

An economy described as hyperinflationary is one where prices and the cost of goods and services are rising extremely fast and unpredictably, eroding the value of the local currency like water rapidly leaking from a bucket. For investors it matters because hyperinflation can wipe out real returns, distort company revenues and expenses, force large currency or accounting adjustments, and make planning and valuing assets much more uncertain.

effective tax rate financial

"includes an estimated favorable currency impact of 6 cents and a 43.0% 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. Not financial advice.

• Revenues of $4.7 billion (7% as reported, 1% constant currency, 2% organic constant currency)
• Ongoing stabilization across North America and Europe overall, including sequential improvement in France and market leading growth in Italy. Latin America and Asia Pacific saw continued strong demand during the quarter
• Compared to the previous quarter, year over year revenue growth in Manpower increased and the rate of revenue decline in both Experis and Talent Solutions also improved
• Gross profit margin of 16.3% reflects softer than expected permanent recruitment activity in Europe while year-over-year staffing margin trends held steady from the previous quarter
• Cost actions drove a sequential improvement in the year over year SG&A decrease with additional restructuring actions taken in the quarter
• Strong cash provided by operating activities¹ during the quarter. Refinanced the €500 million Euro Note (previously scheduled to mature in June 2026) and reset the revolving credit facility for a new 5-year period

MILWAUKEE, Jan. 29, 2026 /PRNewswire/ -- ManpowerGroup (NYSE: MAN) today reported net earnings of $0.64 per diluted share for the three months ended December 31, 2025 compared to net earnings of $0.47 per diluted share in the prior year period.  Net earnings in the quarter were $30.2 million compared to net earnings of $22.5 million a year earlier. Revenues for the fourth quarter were $4.7 billion, a 7% increase from the prior year period.

The current year quarter included restructuring costs, pension settlements, and Argentina hyperinflationary related non-cash currency translation losses which reduced earnings per share by $0.28 in the fourth quarter. Excluding these charges, earnings per share was $0.92 per diluted share in the quarter representing a decrease of 17% in constant currency.²

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 1% compared to the prior year period and, on an organic constant currency basis, revenues increased 2% compared to the prior year period.

Jonas Prising, ManpowerGroup Chair & CEO, said "We are pleased with our solid fourth quarter results, which reflect improving stabilization in market trends and continued execution of our go-to market and cost optimization strategy. Throughout 2025, we delivered sequential progress in both revenue and profitability, as adjusted, exiting the year with strengthening trends. France and Northern Europe improved, alongside market-leading performance in Italy. In North America, Manpower and Talent Solutions TAPFIN MSP continued to perform well, while Experis stabilized and RPO and permanent recruitment faced continued headwinds. Looking ahead, assuming current trends hold, we see opportunity to capitalize on improving market demand as we progress technology initiatives to diversify our capabilities and win market share. We will remain agile and continue to execute against our disciplined transformation to drive productivity gains and operating leverage."

"We anticipate diluted earnings per share in the first quarter will be between $0.45 and $0.55, which includes an estimated favorable currency impact of 6 cents and a 43.0% effective tax rate."

Net losses for the year ended December 31, 2025 were $13.3 million, or net losses of $0.29 per basic share compared to net earnings of $145.1 million, or net earnings of $3.01 per diluted share in the prior year, respectively. The full year period included non-cash goodwill and intangible asset impairment charges, restructuring costs, net losses from the sale of businesses, which will operate as franchises going forward, pension settlements, and Argentina hyperinflationary related non-cash currency translation losses which reduced earnings per share by $3.26. Excluding the net impact of these charges, earnings per share for the year were $2.97 per diluted share representing a decrease of 38% in constant currency. 2  Revenues for the year were $18.0 billion, representing an increase of 1% compared to the prior year or a decrease of 2% in constant currency.

In conjunction with its fourth quarter earnings release, ManpowerGroup will broadcast its conference call live over the Internet on January 29, 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/.

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 2025 ManpowerGroup was named one of the World's Most Ethical Companies for the 16^th 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 statements, 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, are subject to risks and uncertainties regarding the Company's expected future results.  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, 2024, which information is incorporated herein by reference.

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.

1 Cash provided by operating activities equaled $179 million and, including capital expenditures, Free Cash Flow represented $168 million in the quarter.
2 The prior year period included various adjustments which reduced earnings per share by $0.55 in the fourth quarter and $1.54 for the full year which are also excluded when determining the year over year adjusted trend.

 

ManpowerGroup
Operating Unit Results
(In millions)
	Three Months Ended December 31
					% Variance
					Amount		Constant
	2025		2024(a)		Reported		Currency
	(Unaudited)
Revenues from Services:
Americas:
United States  (b)	681.7		691.8		-0.01466		-0.01466
Other Americas	451.7		381.8		0.183296		0.159996
	1133.4		1073.6		0.055728		0.047443
Southern Europe:
France	1170.9		1111.3		0.053639		-0.0341
Italy	485.9		418.7		0.160267		0.063743
Other Southern Europe	590.7		513.4		0.150551		0.048834
	2247.5		2043.4		0.099836		0.006786
Northern Europe	819.1		768.4		0.066057		-0.01144
APME	519.7		522		-0.00462		0.001592
	4719.7		4407.4
Intercompany Eliminations	-6.6		-7.7
	4713.1		4399.7		0.071223		0.013221
Operating Unit Profit (Loss):
Americas:
United States	14.4		16		-0.10209		-0.10209
Other Americas	23		18.3		0.255528		0.213944
	37.4		34.3		0.087984		0.065883
Southern Europe:
France	26		35.8		-0.27504		-0.3335
Italy	32.8		24.3		0.342609		0.232324
Other Southern Europe	12.7		15.1		-0.15224		-0.22182
	71.5		75.2		-0.0503		-0.12778
Northern Europe	-1.1		-16.5		0.931526		0.95902
APME	27.4		15.8		0.758747		0.777321
	135.2		108.8
Corporate expenses	-47.6		-32.5
Intangible asset amortization expense	-7		-8.1
Operating profit	80.6		68.2		0.183901		0.077443
Interest and other expenses, net (c)	-15		-20.5
Earnings before income taxes	65.6		47.7

(a)	Effective January 1, 2025, our segment reporting was realigned to include our Morocco business within Other Southern Europe. Accordingly, France is now adjusted to exclude Morocco. All previously reported results have been recast to conform to the current year presentation.
(b)	In the United States, revenues from services include fees received from our franchise offices of $2.6 million for both the three months ended December 31, 2025 and 2024. These fees are primarily based on revenues generated by the franchise offices, which were $89.0 million and $89.7 million for the three months ended December 31, 2025 and 2024, respectively.
(c)	The components of interest and other expenses, net were:

		2025		2024
	Interest expense	22.9		23
	Interest income	-5.8		-8.9
	Foreign exchange loss	1.9		1
	Miscellaneous (income) expense, net	-4		5.4
		15		20.5

 

ManpowerGroup
Results of Operations
(In millions, except per share data)
	Year Ended December 31
					% Variance
					Amount		Constant
	2025		2024		Reported		Currency
	(Unaudited)
Revenues from services (a)	17957.1		17853.9		0.005778		-0.02081
Cost of services	14959.5		14767.1		0.013026		-0.01446
Gross profit	2997.6		3086.8		-0.0289		-0.05118
Selling and administrative expenses,    excluding impairment charges	2758.8		2780.8		-0.00792		-0.02822
Impairment charges (b)	88.7		0		N/A		N/A
Selling and administrative expenses	2847.5		2780.8		0.023963		0.001143
Operating profit	150.1		306		-0.50931		-0.52671
Interest and other expenses, net	56.7		49.2		0.155292
Earnings before income taxes	93.4		256.8		-0.63646		-0.64768
Provision for income taxes	106.7		111.7		-0.04559
Net (loss) earnings	-13.3		145.1		-1.0916		-1.08877
Net (loss) earnings per share - basic	-0.29		3.04		-1.09391
Net (loss) earnings per share - diluted	-0.29		3.01		-1.09492		-1.09199
Weighted average shares - basic	46.57373		47.75022		-0.02464
Weighted average shares - diluted	46.57373		48.26023		-0.03495

(a)

Revenues from services include fees received from our franchise offices of $16.6 million and $14.4 million for the years ended December 31, 2025 and 2024, respectively. These fees are primarily based on revenues generated by the franchise offices, which were $1,542.6 million and $1,125.5 million for the years ended December 31, 2025 and 2024, respectively.

(b)

Impairment charges for the year ended December 31, 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)
	Year Ended December 31
					% Variance
					Amount		Constant
	2025		2024(a)		Reported		Currency
	(Unaudited)
Revenues from Services:
Americas:
United States  (b)	2735.4		2766.6		-0.01129		-0.01129
Other Americas	1613.4		1458.3		0.106375		0.148118
	4348.8		4224.9		0.029323		0.043731
Southern Europe:
France	4459.4		4531.5		-0.01592		-0.05948
Italy	1822.1		1677		0.086482		0.03849
Other Southern Europe	2154.8		2009.8		0.072178		0.018378
	8436.3		8218.3		0.026518		-0.02045
Northern Europe	3161.1		3304.3		-0.04334		-0.0834
APME	2041.9		2161.3		-0.05524		-0.06326
	17988.1		17908.8
Intercompany Eliminations	-31		-54.9
	17957.1		17853.9		0.005778		-0.02081
Operating Unit Profit (Loss):
Americas:
United States	66		77.7		-0.15099		-0.15099
Other Americas	70.9		63.9		0.109758		0.127062
	136.9		141.6		-0.03341		-0.02561
Southern Europe:
France	109.9		149.5		-0.26527		-0.29964
Italy	115.8		113.1		0.023172		-0.02341
Other Southern Europe	34.9		41.5		-0.15688		-0.20426
	260.6		304.1		-0.14321		-0.18389
Northern Europe	-43.3		-44.6		0.028892		0.075319
APME	100.6		83.7		0.203608		0.190937
	454.8		484.8
Corporate expenses	-184.7		-146.1
Impairment charges (c)	-88.7		0
Intangible asset amortization expense	-31.3		-32.7
Operating profit	150.1		306		-0.50931		-0.52671
Interest and other expenses, net (d)	-56.7		-49.2
Earnings before income taxes	93.4		256.8

(a)

Effective January 1, 2025, our segment reporting was realigned to include our Morocco business within Other Southern Europe. Accordingly, France is now adjusted to exclude Morocco. All previously reported results have been recast to conform to the current year presentation.

(b)

In the United States, revenues from services include fees received from our franchise offices of $10.1 million and $10.7 million for the years ended December 31, 2025 and 2024, respectively. These fees are primarily based on revenues generated by the franchise offices, which were $336.5 million and $368.1 million for the years ended December 31, 2025 and 2024, respectively.

(c)

Impairment charges for the year ended December 31, 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.

(d)

The components of interest and other expenses, net were:

	2025		2024
Interest expense	95.4		90
Interest income	-27.8		-33.3
Foreign exchange loss	6.5		6.2
Miscellaneous income, net	-17.4		-13.7
	56.7		49.2

 

ManpowerGroup
Consolidated Balance Sheets
(In millions)
	Dec. 31,		Dec. 31,
	2025		2024
	(Unaudited)
ASSETS
Current assets:
Cash and cash equivalents	871		509.4
Accounts receivable, net	4770.3		4297.2
Prepaid expenses and other assets	149.1		163.7
Total current assets	5790.4		4970.3
Other assets:
Goodwill	1544.6		1563.4
Intangible assets, net	430.1		486.1
Operating lease right-of-use assets	392.7		361.3
Other assets	879.1		701.5
Total other assets	3246.5		3112.3
Property and equipment:
Land, buildings, leasehold improvements and equipment	526.9		488.2
Less: accumulated depreciation and amortization	403.7		369.8
Net property and equipment	123.2		118.4
Total assets	9160.1		8201
LIABILITIES AND SHAREHOLDERS' EQUITY
Current liabilities:
Accounts payable	2721.1		2612.9
Employee compensation payable	232.3		241.1
Accrued payroll taxes and insurance	672.1		615.2
Accrued liabilities	457.6		475.1
Value added taxes payable	418.1		370.8
Short-term operating lease liability	107.4		98.6
Short-term borrowings and current maturities of long-term debt	625		23.4
Total current liabilities	5233.6		4437.1
Other liabilities:
Long-term debt	1052.1		929.4
Long-term operating lease liability	304.3		279
Other long-term liabilities	509.8		428.6
Total other liabilities	1866.2		1637
Shareholders' equity:
ManpowerGroup shareholders' equity
Common stock	1.2		1.2
Capital in excess of par value	3572.5		3546.1
Retained earnings	3732.3		3812.3
Accumulated other comprehensive loss	-412.1		-443
Treasury stock, at cost	-4834.3		-4791.4
Total ManpowerGroup shareholders' equity	2059.6		2125.2
Noncontrolling interests	0.7		1.7
Total shareholders' equity	2060.3		2126.9
Total liabilities and shareholders' equity	9160.1		8201

 

ManpowerGroup
Consolidated Statements of Cash Flows
(In millions)
	Year Ended
	December 31,
	2025		2024
	(Unaudited)
Cash Flows from Operating Activities:
Net (loss) earnings	-13.3		145.1
Adjustments to reconcile net earnings to net cash provided by operating activities:
Depreciation and amortization	86		86.6
Loss on sales of subsidiaries, net	6.2		8.2
Non-cash goodwill and other impairment charges	88.7		0
Deferred income taxes	-35.8		-32.4
Allowance for expected credit losses	7.1		9
Share-based compensation	26.3		27.3
Changes in operating assets and liabilities:
Accounts receivable	-142.3		261.1
Other assets	-74.5		-131.8
Accounts payable	-42.5		15.7
Other liabilities	-10		-79.6
Cash (used in) provided by operating activities	-104.1		309.2
Cash Flows from Investing Activities:
Capital expenditures	-57.3		-51.1
Acquisition of businesses, net of cash acquired	-1		-4.9
Impact to cash resulting from sales of subsidiaries	-2.1		-14.6
Proceeds from the sale of property and equipment	1.2		2.4
Cash used in investing activities	-59.2		-68.2
Cash Flows from Financing Activities:
Net change in short-term borrowings	14.4		14
Proceeds from long-term debt	586.8		3.7
Repayments of long-term debt	-0.7		-1.6
Payments for debt issuance costs	-2.6		0
Payments of contingent consideration for acquisitions	-1.3		-2.8
Proceeds from share-based awards	0		0.8
Payments to noncontrolling interests	0		-0.2
Other share-based award transactions	-6.2		-10.5
Repurchases of common stock and excise tax	-38.2		-140
Dividends paid	-66.7		-145.8
Cash provided by (used in) financing activities	485.5		-282.4
Effect of exchange rate changes on cash	39.4		-30.5
Change in cash and cash equivalents	361.6		-71.9
Cash and cash equivalents, beginning of period	509.4		581.3
Cash and cash equivalents, end of period	871		509.4

 

 

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SOURCE ManpowerGroup

FAQ

What were ManpowerGroup's (MAN) Q4 2025 revenues and percentage growth?

ManpowerGroup reported $4.7 billion in Q4 2025 revenue, a 7% increase reported. According to the company, this equals a +1% increase on a constant-currency basis and +2% on an organic constant-currency basis.

How did ManpowerGroup report Q4 2025 earnings per share (MAN)?

ManpowerGroup reported $0.64 net earnings per diluted share for Q4 2025. According to the company, excluding restructuring, pension settlements and Argentina hyperinflation losses, adjusted EPS was $0.92, down 17% in constant currency.

What guidance did ManpowerGroup (MAN) give for Q1 2026 EPS?

ManpowerGroup expects Q1 2026 diluted EPS between $0.45 and $0.55. According to the company, this range includes an estimated 6-cent favorable currency impact and assumes a 43.0% effective tax rate.

What material one-time charges affected ManpowerGroup's 2025 results (MAN)?

The company reported charges including goodwill and intangible impairments, restructuring, business sale losses, pension settlements and Argentina hyperinflation translation losses. According to the company, these reduced 2025 EPS by $3.26.

Did ManpowerGroup (MAN) make any notable financing moves in Q4 2025?

Yes. ManpowerGroup refinanced a €500 million note that had been maturing June 2026 and reset its revolving credit facility for a new five-year period. According to the company, cash from operations was also strong during the quarter.