ManpowerGroup Inc. Earnings Per Share Disclosure
(6) Net (Loss) Earnings Per Share
The calculation of net (loss) earnings per share - basic and net (loss) earnings per share - diluted were as follows:
Year Ended December 31 |
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2025 |
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2024 |
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2023 |
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Net (loss) earnings available to common shareholders: |
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$ |
(13.3 |
) |
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$ |
145.1 |
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$ |
88.8 |
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Weighted-average common shares outstanding (in millions): |
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Weighted-average common shares outstanding – basic |
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46.6 |
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47.8 |
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49.8 |
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Effect of share-based awards |
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— |
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0.5 |
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0.6 |
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Weighted-average common shares outstanding – diluted |
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46.6 |
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48.3 |
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50.4 |
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Net (loss) earnings per share – basic |
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$ |
(0.29 |
) |
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$ |
3.04 |
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$ |
1.78 |
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Net (loss) earnings per share – diluted |
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$ |
(0.29 |
) |
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$ |
3.01 |
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$ |
1.76 |
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There were 1.1 million, 0.8 million and 0.6 million share-based awards excluded from the calculation of net (loss) earnings per share - diluted for the years ended December 31, 2025, 2024 and 2023, respectively, because their impact was anti-dilutive.
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Feb 23, 2026 | Showing above |
| 2024 | Feb 19, 2025 | |
| 2023 | Feb 16, 2024 | |
| 2022 | Feb 17, 2023 | |
| 2021 | Feb 18, 2022 | |
| 2020 | Feb 19, 2021 | |
| 2019 | Feb 21, 2020 | |
| 2018 | Feb 22, 2019 | |
| 2017 | Feb 23, 2018 | |
| 2016 | Feb 21, 2017 | |
| 2015 | Feb 22, 2016 | |
About Earnings Per Share Disclosures
The earnings per share disclosure breaks down the calculation from net income to both basic and diluted EPS, revealing the full impact of a company's capital structure on per-share economics. The reconciliation between basic and diluted share counts exposes how many stock options, RSUs, convertible securities, and warrants are potentially dilutive to existing shareholders.
Key signals: a widening gap between basic and diluted shares indicates growing dilution from equity compensation or convertible instruments. Anti-dilutive securities excluded from the diluted calculation deserve attention — they represent latent dilution that will materialize if the stock price rises. Watch for the effect of share buybacks on per-share metrics: EPS growth driven primarily by repurchases rather than income growth signals weakening fundamentals. Compare year-over-year changes in the diluted share count against equity compensation expense to assess whether management is effectively managing dilution.