ManpowerGroup Inc.MANEarnings & Financial Report
ManpowerGroup is an American multinational corporation headquartered in Milwaukee, Wisconsin. Founded in 1948 by Elmer Winter and Aaron Scheinfeld, ManpowerGroup is the third-largest staffing firm in the world behind Swiss firm Adecco and Dutch firm Randstad NV. The company provides administrative & support services, professional services, and business services through its four primary brands: Manpower, Experis, Right Management, and ManpowerGroup Solutions.
Revenue
$4.4B
Gross Profit
$763.7M
Operating Profit
$65.9M
Net Profit
$39.7M
Gross Margin
17.3%
Operating Margin
1.5%
Net Margin
0.9%
YoY Growth
-7.3%
EPS
$0.81
ManpowerGroup Inc. Q1 FY2024 Financial Summary
ManpowerGroup Inc. reported revenue of $4.4B (down 7.3% YoY) for Q1 FY2024, with a net profit of $39.7M (down 49.0% YoY) (0.9% margin). Cost of goods sold was $3.6B, operating expenses totaled $697.8M.
Key Financial Metrics
| Total Revenue | $4.4B |
|---|---|
| Net Profit | $39.7M |
| Gross Margin | 17.3% |
| Operating Margin | 1.5% |
| Report Period | Q1 FY2024 |
Revenue Breakdown
ManpowerGroup Inc. Q1 FY2024 revenue of $4.4B breaks down across 8 segments, led by Other at $2.3B (52.9% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Other | $2.3B | 52.9% |
| Transferred Over Time | $1.0B | 23.0% |
| Staffingand Interim | $935.0M | 21.2% |
| Productsand Services Other | $44.9M | 1.0% |
| Permanent Recruitment | $42.4M | 1.0% |
| Transferred At Point In Time | $25.6M | 0.6% |
| Outcome Based Solutionsand Consulting | $14.1M | 0.3% |
| Franchise | $3.3M | 0.1% |
ManpowerGroup Inc. Revenue by Segment — Quarterly Trend
ManpowerGroup Inc. revenue by segment across the last 4 reported quarters, showing how each business line (such as Other and Transferred Over Time) has evolved quarter over quarter.
| Segment | Q4 FY2025 | Q3 FY2025 | Q2 FY2025 | Q1 FY2025 |
|---|---|---|---|---|
| Other | $2.4B | $2.4B | $2.4B | $2.0B |
| Transferred Over Time | $1.1B | $1.1B | $1.0B | $1.0B |
| Staffingand Interim | $1.0B | $996.1M | $956.4M | $958.3M |
| Productsand Services Other | $50.8M | $46.4M | $48.2M | $43.7M |
| Permanent Recruitment | $37.5M | $36.6M | $35.9M | $37.6M |
ManpowerGroup Inc. Annual Revenue by Year
ManpowerGroup Inc. annual revenue history includes year-by-year totals (for example, 2025 revenue was $18.0B).
| Year | Annual Revenue |
|---|---|
| 2025 | $18.0B |
| 2024 | $17.9B |
| 2023 | $18.9B |
| 2022 | $19.8B |
ManpowerGroup Inc. Quarterly Revenue & Net Profit History
ManpowerGroup Inc. results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q4 FY2025 | $4.7B | +7.1% | $30.2M | 0.6% |
| Q3 FY2025 | $4.6B | +2.3% | $18.0M | 0.4% |
| Q2 FY2025 | $4.5B | -0.0% | $-67.1M | -1.5% |
| Q1 FY2025 | $4.1B | -7.1% | $5.6M | 0.1% |
| Q4 FY2024 | $4.4B | -5.0% | $22.5M | 0.5% |
| Q3 FY2024 | $4.5B | -3.1% | $22.8M | 0.5% |
| Q2 FY2024 | $4.5B | -6.9% | $60.1M | 1.3% |
| Q1 FY2024 | $4.4B | -7.3% | $39.7M | 0.9% |
Income Statement
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $4.40B | $4.52B | $4.53B | $4.40B | $4.09B | $4.52B | $4.63B | $4.71B |
| YoY Growth | -7.3% | -6.9% | -3.1% | -5.0% | -7.1% | -0.0% | 2.3% | 7.1% |
Balance Sheet
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $8.49B | $8.45B | $8.48B | $8.20B | $8.04B | $8.51B | $8.45B | $9.16B |
| Liabilities | $6.31B | $6.32B | $6.30B | $6.08B | $5.93B | $6.51B | $6.44B | $7.10B |
| Equity | $2.18B | $2.14B | $2.18B | $2.13B | $2.10B | $1.99B | $2.01B | $2.06B |
Cash Flow
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $116.0M | $-137.9M | $83.5M | $247.6M | $-153.2M | $-189.6M | $59.8M | $178.9M |