ManpowerGroup Inc.
Business
ManpowerGroup Inc. is a global workforce solutions provider operating through approximately 2,100 offices in more than 70 countries. The company offers recruitment and assessment, upskilling and training, career management, outsourcing, and workforce consulting services. Its three core brands—Manpower (contingent staffing and permanent recruitment), Experis (IT professional resourcing), and Talent Solutions (RPO, MSP, and career management)—serve clients across the Americas, Southern Europe, Northern Europe, and Asia Pacific & Middle East regions.
Summary from 10-K filed 2026-02-23
Financials
Consolidated Statement of Income
| Concept | Trend | 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
| Concept | Trend | 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
| Concept | Trend | 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 |
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Institutional Holders
Frequently asked questions
What is ManpowerGroup Inc.'s CIK number?
ManpowerGroup Inc.'s SEC CIK number is 0000871763 (871763). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find ManpowerGroup Inc.'s SEC filings?
All of ManpowerGroup Inc.'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did ManpowerGroup Inc. last report earnings?
ManpowerGroup Inc. (MAN) most recently filed an earnings 8-K with the SEC on Jul 16, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001193125-26-305399). This is ManpowerGroup Inc.'s most recent earnings filing of record — not a forecast of its next earnings date.
What is ManpowerGroup Inc.'s most recent earnings 8-K?
ManpowerGroup Inc.'s latest earnings 8-K (Item 2.02) was filed Jul 16, 2026 under accession 0001193125-26-305399. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View ManpowerGroup Inc.'s latest earnings 8-K →
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