ManpowerGroup Inc. (MAN) SEC Filings

ManpowerGroup Inc. (MAN) reported that John B. Gibson, a director of the company, filed an initial statement of beneficial ownership on Form 3. The filing lists no transactions, acquisitions, dispositions, or reportable holdings of ManpowerGroup securities at this time.

ManpowerGroup Inc. has a new significant shareholder group. Quantinno Capital Management LP, Quantinno Capital LLC, and Hoon Kim jointly report beneficial ownership of 3,138,063 shares of ManpowerGroup common stock, representing 6.7% of the class, held through the Quantinno DEALS Excelsior Custom Series, L.P. and various separately managed accounts.

The Quantinno entities and Hoon Kim have shared voting and dispositive power over 3,138,063 shares and no sole voting or dispositive power. The ownership percentage is calculated using 46,507,343 shares of common stock outstanding as of May 6, 2026, as reported by ManpowerGroup.

Schroder Investment Management Group reported beneficial ownership of 2,329,730 shares of ManpowerGroup Inc. common stock on a Schedule 13G, representing 5.0% of the outstanding class. Within this, Schroder entities have sole voting and dispositive power over 464,355 shares and no shared voting or dispositive power.

The filing breaks out holdings among affiliated advisers: Schroder Investment Management Limited reports 1,185,841 shares (2.5% of the class), Schroder Investment Management (Europe) S.A. reports 1,142,986 shares (also 2.5%), and Schroder Investment Management North America Inc. reports 903 shares. The group is organized in the United Kingdom, the United States, and Luxembourg, and the signatures indicate authority via power of attorney for the various Schroder advisers.

ManpowerGroup Inc. appointed John B. Gibson Jr., President and Chief Executive Officer of Paychex, Inc., to its Board of Directors, with service beginning on September 1, 2026. The Board will increase from ten to eleven directors, and Gibson will serve on the People, Culture, and Compensation Committee.

As a non-employee director, Gibson will receive the standard compensation package: an annual cash retainer of $120,000 (payable in cash or deferred stock) and an annual grant of deferred stock with a grant-date fair value of approximately $180,000 (or restricted stock), both prorated for 2026. He will be reimbursed for travel expenses and will enter into an indemnification agreement in the same form used for other outside directors. The company states there are no family relationships or related-party transactions involving Gibson that require disclosure.

ManpowerGroup Inc. reported higher revenue and a return to profitability for the three and six months ended June 30, 2026. Revenue from services was $4,860.2 million for the quarter and $9,370.6 million year-to-date, compared with $4,519.3 million and $8,609.6 million a year earlier. Operating profit was $112.0 million for the quarter versus an operating loss of $25.3 million in 2025, leading to net earnings of $53.5 million for the quarter and $56.0 million for the first half, compared with net losses of $67.1 million and $61.5 million in the prior-year periods.

Cash used in operating activities was $129.0 million in the first half of 2026, while $636.8 million was used in financing activities, including $585.8 million of long-term debt repayments, reducing cash and cash equivalents from $871.0 million at year-end to $180.6 million. On April 30, 2026, the company sold its Jefferson Wells U.S. business for a transaction value of $100.0 million, generating $87.5 million of net cash proceeds and a $30.0 million gain. It also recorded $22.6 million of restructuring costs and a $5.5 million loss from liquidating discontinued Venezuela operations. Total assets were $8,374.9 million and shareholders’ equity was $2,106.4 million at June 30, 2026.

BlackRock, Inc. filed an amended beneficial ownership report for ManpowerGroup Inc. common stock. BlackRock reports beneficial ownership of 6,926,543 shares, representing 14.9% of ManpowerGroup’s outstanding common stock. It holds sole voting power over 6,848,544 shares and no shared voting power.

BlackRock also reports sole dispositive power over 6,926,543 shares and no shared dispositive power. The filing notes that this reflects securities beneficially owned, or deemed to be beneficially owned, by certain business units of BlackRock. One such holder, iShares Core S&P Small-Cap ETF, has an interest in more than five percent of ManpowerGroup’s outstanding common stock.

ManpowerGroup Inc. reported a return to profitability for the three months ended June 30, 2026. Second-quarter revenues were $4.9 billion, an 8% increase from the prior-year period, or 6% in constant currency. Net earnings were $53.5 million, or $1.13 per diluted share, compared to a net loss of $67.1 million, or $1.44 per share, a year earlier. Excluding the sale of the Jefferson Wells U.S. business, strategic transformation and restructuring costs, and a discontinued business liquidation charge, adjusted earnings were $0.99 per diluted share, up 27% in constant currency.

Revenue growth was supported by strong demand in the United States, Latin America, APME, and select European markets. The Manpower brand delivered very strong growth, while Experis and Talent Solutions revenue trends improved, with Talent Solutions driven by RPO and ongoing solid MSP demand. Gross profit growth combined with lower selling and administrative expenses produced meaningful year-over-year profitability improvement, and there were no impairment charges in 2026 versus the prior year.

For the six months ended June 30, 2026, revenues were $9.37 billion, up 8.8% reported, with net earnings of $56.0 million versus a loss in 2025. The company sold the Jefferson Wells U.S. business for $100 million, generating net cash proceeds of $88 million and contributing to a significant reduction in long-term debt to $567.3 million. Cash and cash equivalents were $180.6 million as of June 30, 2026. For the third quarter, ManpowerGroup anticipates diluted EPS between $0.96 and $1.06, a gross margin of 15.9–16.1%, and an effective tax rate of 44%.

ManpowerGroup Inc. shows AQR entities beneficially own 3,740,143 shares (8.05% of common stock) as of 03/31/2026.

The filing lists AQR Capital Management, LLC and AQR Capital Management Holdings, LLC as reporting persons, with shared voting power of 3,726,470 shares and shared dispositive power of 3,740,143 shares. The filing states AQR Capital Management, LLC is a wholly owned subsidiary of AQR Capital Management Holdings, LLC.

ManpowerGroup reported first-quarter 2026 revenue of $4,510.4 million, up 10.3% year over year (2.9% in constant currency), driven mainly by staffing growth in Southern Europe, Northern Europe and APME, and favorable exchange rates. Gross profit rose modestly to $723.0 million, but gross margin fell to 16.0% from 17.1% due to mix shifts toward large enterprise clients, lower bench utilization and weaker permanent recruitment and MSP activity.

Selling and administrative expenses increased 3.7% to $694.7 million, including higher corporate costs from a global strategic transformation program, partially offset by savings from earlier restructuring. Operating profit was essentially flat at $28.3 million and margin slipped to 0.6%. Net earnings dropped to $2.5 million, with diluted EPS of $0.05, largely reflecting an 83.8% effective tax rate driven by mix of earnings, restructuring, valuation allowances and French taxes.

Operating cash flow was a use of $126.3 million, improved from $153.2 million a year earlier, while cash and equivalents fell to $224.9 million after redeeming €500.0 million of notes, leaving long-term debt at $1,034.3 million. A subsequent event saw the sale of the U.S. Jefferson Wells business for $100 million, expected to generate a gain in the second quarter of 2026.