ManpowerGroup (NYSE:MAN) Posts Earnings Results, Meets Expectations

ManpowerGroup (NYSE:MAN) released its earnings results on Thursday. The business services provider reported $1.01 EPS for the quarter, meeting the consensus estimate of $1.01, FiscalAI reports. ManpowerGroup had a return on equity of 7.45% and a net margin of 0.56%. The firm had revenue of $4.84 billion during the quarter, compared to analyst estimates of $4.86 billion. During the same period in the prior year, the firm posted $0.83 earnings per share. The business’s quarterly revenue was up 4.4% compared to the same quarter last year. ManpowerGroup updated its Q4 2026 guidance to 1.030-1.13 EPS.

Here are the key takeaways from ManpowerGroup’s conference call:

• Q3 revenue and profitability improved: Reported revenue was $4.8 billion, with 6% organic constant-currency growth, while adjusted EBITDA rose 14% in constant currency to $107 million and margin expanded 10 basis points to 2.2%.
• The Manpower brand remained the key growth driver, including 15% U.S. revenue growth and a ninth consecutive quarter of growth. Experis U.S. returned to growth, supported by improving IT spending and demand for AI, cloud, and data-governance projects.
• Management reaffirmed its transformation plans, including $200 million in permanent annual cost savings by 2028. Front-office restructuring is expanding from the U.S. to the U.K., while AI-enabled screening now supports approximately 70% of revenue and is intended to improve fill rates, hiring speed, and productivity.
• Q4 guidance calls for 3%–7% constant-currency revenue growth, adjusted EPS of $1.03–$1.13, and 20 basis points of year-over-year EBITDA margin expansion. Management expects strong fourth-quarter free cash flow, helped by the reversal of timing-related MSP payment effects.
• Performance remains uneven across businesses and markets: France continues to face political and economic uncertainty, permanent recruitment was softer there, and Right Management revenue declined as outplacement activity eased. The company also did not repurchase shares and indicated buybacks are unlikely in the immediate future while it prioritizes balance-sheet strengthening.

ManpowerGroup Stock Performance

NYSE:MAN opened at $43.86 on Friday. ManpowerGroup has a 1-year low of $25.15 and a 1-year high of $63.88. The firm has a 50-day moving average of $57.34 and a two-hundred day moving average of $43.18. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.04 and a quick ratio of 1.04. The stock has a market cap of $2.04 billion, a P/E ratio of 19.94, a PEG ratio of 2.05 and a beta of 0.68.

More ManpowerGroup News

Here are the key news stories impacting ManpowerGroup this week:

• Positive Sentiment: ManpowerGroup reported adjusted third-quarter EPS of $1.01, matching consensus and rising from $0.83 a year earlier. Reported net earnings also increased to $0.71 per diluted share from $0.38, while revenue grew 4% year over year to approximately $4.84 billion. ManpowerGroup Reports 3rd Quarter 2026 Results
• Positive Sentiment: Management cited continued top-line growth in the Manpower business, improving global Experis trends—with U.S. Experis returning to growth—and stronger revenue and operating-profit performance in Northern Europe. Cost actions also improved the SG&A trend. ManpowerGroup Earnings Call Signals Profitable Growth Ahead
• Neutral Sentiment: Becky Frankiewicz, currently president and chief strategy officer, will become CEO on January 1, 2027. Current CEO Jonas Prising will transition to executive chair. The change is intended to support the company’s strategy, including greater emphasis on artificial intelligence, but it introduces leadership-transition uncertainty. ManpowerGroup Announces Leadership Transition
• Negative Sentiment: Fourth-quarter adjusted EPS guidance of $1.03-$1.13 brackets or falls below the roughly $1.10 analyst consensus and was viewed as disappointing. The outlook also calls for 3%-7% constant-currency revenue growth, while several reports characterized third-quarter revenue as slightly below forecasts. ManpowerGroup Forecasts Fourth-Quarter Earnings

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on MAN shares. Wall Street Zen downgraded shares of ManpowerGroup from a “buy” rating to a “hold” rating in a research note on Saturday, October 10th. BMO Capital Markets boosted their price objective on ManpowerGroup from $49.00 to $63.00 and gave the stock an “outperform” rating in a research note on Friday, July 17th. Truist Financial upped their target price on ManpowerGroup from $34.00 to $50.00 and gave the stock a “hold” rating in a research report on Friday, July 17th. The Goldman Sachs Group reiterated a “neutral” rating and issued a $50.00 target price on shares of ManpowerGroup in a research note on Thursday. Finally, Barclays increased their target price on ManpowerGroup from $30.00 to $47.00 and gave the company an “equal weight” rating in a research note on Monday, July 20th. Three investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, ManpowerGroup has a consensus rating of “Hold” and an average price target of $52.75.

ManpowerGroup Company Profile

ManpowerGroup Inc is a global workforce solutions and staffing company headquartered in Milwaukee, Wisconsin. Founded in 1948, the company helps organizations recruit, manage and develop talent while assisting individuals with finding employment and advancing their careers.

ManpowerGroup provides temporary, permanent and contract staffing; recruitment process outsourcing; workforce management; career transition and outplacement services; and talent development programs. Its principal brands include Manpower, which focuses on staffing and workforce solutions; Experis, which specializes in information technology and professional talent; and Talent Solutions, which provides recruitment, career management and workforce consulting services.

The company serves employers and job seekers across a broad range of industries and geographic markets, with operations spanning numerous countries and territories worldwide.