ManpowerGroup Inc.

Listed Company

MANCIK 0000871763NYSELarge AcceleratedServices-Help Supply ServicesWisconsinFY ends Dec 31

Period

FY 2025

Revenue

$17.96B

Net Income

$-13.30M

Total Assets

$9.16B

Equity

$2.06B

Shares Out

46.42M

Op. Cash Flow

$-104.10M

Business

ManpowerGroup Inc. provides global workforce solutions that connect people to meaningful work and help organizations manage workforce transformation. It offers recruitment and assessment, upskilling, reskilling, training and development, career management, outsourcing and workforce consulting services. The company operates through its core brands—Manpower, Experis and Talent Solutions—delivering contingent and permanent staffing, IT resourcing, RPO, MSP, Right Management and related outcome-based solutions such as Experis Academy and MyPath. ManpowerGroup serves multinational, national and local clients via a global network of branch and franchise offices and on‑site and managed service channels across the Americas, Southern Europe, Northern Europe and Asia Pacific/Middle East.

Summary from filing dated 2025-02-19

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Revenues from services	17,957	17,854	18,915	19,828	20,724
Cost of services	14,960	14,767	15,557	16,255	17,317
Gross profit	2,998	3,087	3,358	3,572	3,408
Selling and administrative expenses, excluding impairment charges	2,759	2,781	3,047	2,941	2,822
Impairment charges	89	0	55	50	0
Selling and administrative expenses	2,848	2,781	3,102	2,991	2,822
Operating profit	150	306	256	582	585
Interest and other expenses, net	57	49	50	25	17
Earnings before income taxes	93	257	206	557	568
Provision for income taxes	107	112	117	183	186
Net (loss) earnings	−13	145	89	374	382
Net (loss) earnings per share - basic	−0.29	3.04	1.78	7.17	7.01
Net (loss) earnings per share - diluted	−0.29	3.01	1.76	7.08	6.91
Weighted average shares - basic	47	48	50	52	55
Weighted average shares - diluted	47	48	50	53	55

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	871	509	581	639	848
Accounts receivable, less allowance for expected credit losses of $74.1 and $67.6, respectively	4,770	4,297	4,830	5,137	5,448
Prepaid expenses and other assets	149	164	161	158	127
Total current assets	5,790	4,970	5,572	5,934	6,423
Goodwill	1,545	1,563	1,587	1,628	1,722
Intangible assets, less accumulated amortization of $579.1 and $530.4, respectively	430	486	520	550	584
Operating lease right-of-use assets	393	361	414	366	373
Other assets	879	702	608	541	610
Total other assets	3,247	3,112	3,128	3,084	3,289
Land, buildings, leasehold improvements and equipment	527	488	527	585	595
Less: accumulated depreciation and amortization	404	370	397	473	478
Net property and equipment	123	118	130	112	117
Total assets	9,160	8,201	8,830	9,130	9,829
Accounts payable	2,721	2,613	2,723	2,831	3,039
Employee compensation payable	232	241	243	272	299
Accrued liabilities	458	475	693	573	585
Accrued payroll taxes and insurance	672	615	696	747	789
Value added taxes payable	418	371	433	463	516
Short-term operating lease liability	107	99	—	—	—
Short-term borrowings and current maturities of long-term debt	625	23	12	27	553
Total current liabilities	5,234	4,437	4,800	4,912	5,781
Long-term debt	1,052	929	991	960	566
Long-term operating lease liability	304	279	323	267	276
Other long-term liabilities	510	429	483	534	675
Total other liabilities	1,866	1,637	1,796	1,761	1,517
Commitments and contingencies (Note 15)	—	—	—	—	—
Preferred stock, $.01 par value, authorized 25,000,000 shares, none issued	0	0	0	0	0
Common stock, $.01 par value, authorized 125,000,000 shares, issued 119,161,780 and 118,853,620 shares, respectively	1	1	1	1	1
Capital in excess of par value	3,573	3,546	3,515	3,484	3,445
Retained earnings	3,732	3,812	3,813	3,869	3,635
Accumulated other comprehensive loss	−412	−443	−466	−459	−389
Treasury stock at cost, 72,864,513 and 72,105,407 shares, respectively	−4,834	−4,791	−4,640	−4,448	−4,169
Total ManpowerGroup shareholders' equity	2,060	2,125	2,223	2,447	2,522
Noncontrolling interests	700,000	2	11	11	10
Total shareholders equity	2,060	2,127	2,234	2,458	2,532
Total liabilities and shareholders equity	9,160	8,201	8,830	9,130	9,829

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Depreciation and amortization	86	87	89	85	73
Loss on sales of subsidiaries, net	6	8	1	6	0
Non-cash goodwill and other impairment charges	89	0	57	50	0
Deferred income taxes	−36	−32	−21	5	−1
Allowance for expected credit losses	7	9	5	6	18
Share-based compensation	26	27	29	38	37
Accounts receivable	−142	261	392	29	−641
Other assets	−75	−132	−45	48	79
Accounts payable	−43	16	−145	−81	—
Other liabilities	−10	−80	−103	−135	698
Cash (used in) provided by operating activities	−104	309	348	423	645
Capital expenditures	−57	−51	−78	−76	−64
Acquisitions of businesses, net of cash acquired	−1	−5	0	−16	−924
Impact to cash resulting from sales of subsidiaries	−2	−15	0	0	0
Proceeds from the sale of subsidiaries and property and equipment	1	2	4	7	2
Cash used in investing activities	−59	−68	−74	−85	−987
Net change in short-term borrowings	14	14	−13	7	−3
Proceeds from long-term debt	587	4	1	421	500,000
Repayments of long-term debt	−700,000	−2	−4	−412	−2
Payments for debt issuance costs	−3	0	0	−2	0
Payments of contingent consideration for acquisitions	−1	−3	0	−4	−6
Proceeds from share-based awards	0	800,000	2	300,000	5
Payments to noncontrolling interests	0	−200,000	−600,000	−1	−1
Other share-based award transactions	−6	−11	−10	−9	−5
Repurchases of common stock	−38	−140	−180	−270	−210
Dividends paid	−67	−146	−144	−140	−137
Cash provided (used in) by financing activities	486	−282	−350	−482	−284
Effect of exchange rate changes on cash	39	−31	18	−65	−93
Change in cash and cash equivalents	362	−72	−58	−209	−719
Interest	98	85	76	38	37
Income taxes, net	148	188	182	202	140
Operating lease liabilities	131	120	132	128	140
Right-of-use assets obtained in exchange for new operating lease liabilities	101	82	136	93	70

Filings

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