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Manpowergroup Inc. (MAN) stock

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NYSE: MAN NYSE Human Resource & Employment Services Next results ~January 28, 2027

C+ Fundamentals grade

Manpowergroup Inc. is a US-listed company in the human resource & employment services industry. Its financial year ends in December.

Stock price today

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Third-party market data · may be delayed

Model estimate per share

~$94

Valuation models combined (5)

Base case. Range ~$31–$190. Weighted average of 5 models (growth cash-flow model, forward price-to-earnings vs peers, residual income, justified price-to-book, revenue-to-maturity model), the growth cash-flow model counting double.

Price vs value

No Buy/Hold/Sell rating is issued: valued with our growth model, which doesn't carry a Buy/Hold/Sell rating yet.

Manpowergroup Inc. valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

  • Funds170 adding, 143 cuttingOf 53 active managers that changed their stake, 25 added; quarter to June 30, 2026Fund buyers and sellers

Value diary

Our note on each quarter Manpowergroup files

10-Q filed October 30: Manpowergroup

Revenue for the twelve months to September 2026 was $18.9bn, up 7.3% on a year earlier, faster than the 6.7% growth a quarter earlier. Free-cash-flow margin held at 0.0%. Our valuation models combined value is $90.22 a share, against a share price of $46.30.

Source: 10-Q filed October 30, 2026 on SEC EDGAR · Financials · Valuation

Earlier notes (1)

Where Manpowergroup stands after its latest 10-Q

Revenue for the twelve months to June 2026 was $18.7bn, up 6.7% on a year earlier, faster than the 4.8% growth a quarter earlier. Free-cash-flow margin held at 0.4%. Against its peers on growth, profitability, cash generation and balance sheet, it grades C+. It passes 1 of our 6 financial-health checks.

10-Q on SEC EDGAR

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~January 28, 2027 (estimated)

Manpowergroup Inc.'s trailing-twelve-month revenue grew 7.3% year on year, with a free-cash-flow margin of 0.0%. Where it stands out: stock pay as % of revenue of 0.1% ranks 1 of 20 human resource & employment services companies we cover. Where it lags: days sales outstanding of 89 days ranks 16 of 18 human resource & employment services companies we cover.

Current signal Revenue growth accelerating: TTM revenue growth rose to 7.3% (+0.5pp vs the prior quarter).

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

Nothing in Manpowergroup Inc.'s latest figures clears our strength thresholds.

Things to watch

  • Volatile shares. Over the past year the shares showed annualised volatility of 62% and a beta of -0.1 against the S&P 500.
  • Weak cash conversion. Free cash flow was 6% of net income over the last 12 months.
  • Below peers: days sales outstanding. Days sales outstanding of 89 days ranks 16 of 18 human resource & employment services companies we cover (median 68 days).
  • Below peers: gross margin. Gross margin of 16.1% ranks 13 of 17 human resource & employment services companies we cover (median 27.8%).
  • Heavily shorted. 13.1% of the shares available to trade are sold short (5.5 days of average volume to cover).

Latest results: FY2026 Q3

Filed October 30, 2026
Earnings per share
$1.01 against an average estimate of $1.01: beat by 0.0%
Revenue
$4.84bn, up 4.4% on a year earlier
Share reaction
-20.2% in the first session after the results on October 15, 2026, against -0.8% for the S&P 500
Guidance given
diluted earnings per share $1.03 to $1.13 (fourth quarter); effective tax rate 44% (fourth quarter)
Next report
October 15, 2026; average EPS estimate $1.07

Manpowergroup's figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day+2.8%
  • 1 week+3.1%
  • 1 month-12.1%
  • This year+63.8%
  • 1 year+62.9%
  • 5 years-42.8%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

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Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$18.9B
Operating margin
1.6%
Net margin
0.6%
EPS (TTM, diluted)
$2.56

Growth

Revenue growth
+7.3%
Change in growth rate
+0.5 pts
Share count change
−0.1%

Cash

Free cash flow (TTM)
$7.4M
FCF margin
0.0%
Stock pay % of revenue
0.1%

Earnings

Last results
October 15, 2026
Next results (est.)
January 28, 2027

News & updates

Updated October 31, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Leadership
  2. Results
  3. Leadership
  4. Guidance
  5. Leadership
  6. Results

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

Manpowergroup Inc. valuation models and calculator

Fundamentalytics rating

model v1.6 · 2026-11-03

Not rated: valued with our growth model, which doesn't carry a Buy/Hold/Sell rating yet.

Valuation models

We value Manpowergroup Inc. as an operating company, with every model that fits that kind of business. Cost of equity 8.4%: the 10-year Treasury yield (4.9%) plus a beta of 0.77 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Growth cash-flow model Revenue for this year and next from analysts' consensus, then growth fading to 2.5%; the operating margin moving to profitable peers'; investment needed per dollar of growth from peers; reduced by a failure probability. For young or fast-growing companies. The starting margin is normalized to between -100% and 60%; net margin is a proxy when operating income is not tagged. Uses analysts' consensus estimates (third-party data), not our forecasts. ~$120 ~$79–$140 Primary model, counts double
Forward price-to-earnings vs peers Next year's consensus earnings per share times peers' typical (harmonic-mean) forward price-to-earnings. Uses analysts' consensus estimates (third-party data), not our forecasts. ~$66 ~$57–$90 Included
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. ~$34 ~$21–$55 Included
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. ~$31 ~$26–$38 Included
Forward price-to-sales vs peers Next year's consensus sales per share times peers' typical forward price-to-sales; only when earnings are negative. Uses analysts' consensus estimates (third-party data), not our forecasts. — Does not apply: earnings are positive: price-to-earnings is the better measure
Revenue-to-maturity model Revenue grown to maturity with the cash margin moving to the industry's; for companies not yet profitable. ~$190 ~$150–$250 Included
Combined value Weighted average of the models that apply: the primary model (growth cash-flow model) counts double. Models more than 5x or less than 0.2x the share price, or more than 3x away from the other models' median, are left out. ~$94 ~$31–$190 5 models

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Manpowergroup Inc. with Human Resource & Employment Services in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

Valuation multiples over time Market data may be delayed

At fiscal year end 2016201720182019202020212022202320242025Now
Share price$65.98$95.18$50.07$76.85$73.37$81.10$71.54$71.14$54.05$29.05$47.59
Market value$4.7bn$6.5bn$3.3bn$4.6bn$4.3bn$4.5bn$3.8bn$3.6bn$2.6bn$1.4bn$2.2bn
+ Net debt (− = net cash)$227m$259m$484m$48m−$443m$271m$348m$421m$443m$806m$870m
Enterprise value$4.9bn$6.7bn$3.7bn$4.7bn$3.8bn$4.8bn$4.1bn$4.0bn$3.1bn$2.2bn$3.1bn
Multiples
Price / sales 0.2x0.3x0.1x0.2x0.2x0.2x0.2x0.2x0.1x0.1x0.1x
Price / earnings 10.5x11.8x5.9x10.0x179.7x11.7x10.1x40.4x18.0x—18.6x
Price / free cash flow 8.6x18.7x7.8x6.1x4.8x7.7x10.9x13.3x10.1x—n/m
EV / EBITDA 5.9x7.7x4.2x6.5x14.5x7.2x6.2x11.6x7.8x9.1x8.1x

Market value uses the period's diluted share count; figures for each fiscal year use that year's results and the price at year end. "Now" uses today's price and the last twelve months.

Moat

30 /100

Weak moat

How hard Manpowergroup's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 2 / 20

    Net income has been a median 3.1% of total assets over 10 years.

  • Pricing power 8 / 20

    Gross margin has been a median 16.3%, moving by 0.7 percentage points (standard deviation) across 9 years.

  • Durability 5 / 20

    Operating margin has been a median 2.1%; its worst year was 0.8%.

  • Cash conversion 10 / 20

    Free cash flow was positive in 8 of 9 years, at a median 1.6% of revenue.

  • Discipline 20 / 20

    The diluted share count fell 15.9% over five years; stock-based pay has been a median 0.1% of revenue.

AI disruption exposure: High. In this industry, the core product is information work that AI systems increasingly perform. The score above includes a 15-point deduction for that exposure (45 before it).

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current $3.59 +21% $19.1bn +7%
Next $4.64 +29% $19.8bn +4%

Next year's EPS estimate has moved −4.3% in 90 days, across 11 analysts.

Earnings against estimates

Quarter toEstimateActualSurprise
Sept 2026 $1.01 $1.01 0.0%
Jun 2026 $0.95 $0.99 +4.0%
Mar 2026 $0.49 $0.51 +4.6%
Dec 2025 $0.82 $0.92 +12.5%

Adjusted EPS as companies report it, against the average analyst estimate.

Management guidance

Earnings release, October 15, 2026
  • diluted earnings per share fourth quarter $1.03 to $1.13
    “We anticipate diluted earnings per share in the fourth quarter will be between $1.03 and $1.13 and a 44% effective tax rate."” source
  • effective tax rate fourth quarter about 44%
    “We anticipate diluted earnings per share in the fourth quarter will be between $1.03 and $1.13 and a 44% effective tax rate."” source

Figures and quotations are management's, copied from the company's own press release (SEC 8-K exhibit) and checked word for word against it. Forward-looking statements are the company's expectations, not ours and not advice; guidance can change or be missed.

Analyst recommendations

12 analysts, Oct 2026
Buy433%
Hold867%
Sell00%

Monthly trend

  1. Oct 202613812
  2. Sep 202613812
  3. Aug 202613812
  4. Jul 202613812

Counts of recommendations published by analysts covering Manpowergroup Inc., by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
13.1%
of tradable shares
Days to cover
5.49
at average volume
Short interest, 1 month
−7%
to September 30, 2026
Held by institutions
—
of shares
Held by insiders
1.8%
of shares
Employees
25,400
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

What moved the share price

Last 12 months +62.9%

$29.21 on October 31, 2025 to $47.59

ThenNowEffect
Revenue (last 12 months) $17.5bn $18.7bn +6.7%
P/S multiple 0.1x 0.1x +50.6%
Share count 47m 47m +1.4%

Biggest factor: p/s multiple. Loss-making at one end, so the split uses price/sales.

Last 3 years −26.0%

$64.28 on November 3, 2023 to $47.59

ThenNowEffect
Revenue (last 12 months) $19.2bn $18.7bn −2.6%
Net margin 1.6% 0.6% −64.7%
P/E multiple 10.9x 21.4x +95.8%
Share count 51m 47m +9.9%

Biggest factor: net margin.

The effects multiply back to the price change exactly. Results are the last 12 months as known on each date (filings assumed public 45 days after quarter end).

Return and risk by year

Calendar year 202120222023202420252026 to date
Return
MAN+11%−12%−1%−24%−46%+64%
Industry peers (median)+48%−21%+6%−15%−29%+17%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
MAN50%50%33%25%42%73%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
MAN−27%−43%−24%−25%−57%−34%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since November 2, 2015: 76% from January 26, 2018 to February 24, 2026. Getting back needed a 308% gain, and the shares have not yet recovered.

Price behaviour

52-week range
$25.16 – $62.95
From 52-week high
−24.4%
vs 50-day average
−12.1%
vs 200-day average
+20.1%
Volatility (1 year)
62%
Beta vs S&P 500
-0.15

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
5 up, 7 down
typical move ±11.5%
After a week
4 up, 8 down
typical move ±11.0%
After a month
2 up, 9 down
typical move ±13.9%
Results releasedNext dayS&P 500 next day5 days21 days
October 15, 2026 −20.2% −0.8% −10.3% —
July 16, 2026 +34.1% −1.5% +28.0% +49.4%
April 16, 2026 +1.3% +1.5% −4.8% −15.5%
January 29, 2026 +25.4% −0.5% +26.5% −6.7%
October 16, 2025 −11.3% −0.1% −11.5% −24.7%
July 17, 2025 +0.3% +0.5% +3.9% −4.2%
April 17, 2025 −19.3% −2.2% −14.3% −11.2%
January 30, 2025 −0.3% 0.0% −5.5% −4.7%
October 17, 2024 −12.2% +0.4% −14.4% −17.0%
July 18, 2024 −3.7% −1.4% −0.1% −4.5%
April 18, 2024 +6.8% −1.1% +8.7% +9.7%
January 30, 2024 −3.1% −1.7% −3.6% −5.7%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

Manpowergroup Inc. in five measures

Fundamentals grade C+
Growth Profitability Cash Balance sheet

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) Manpowergroup Inc.
$17.5B $18B $18.5B $19B FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Revenue (TTM), FY23 Q4: $18.9B Revenue (TTM), FY24 Q1: $18.6B Revenue (TTM), FY24 Q2: $18.2B Revenue (TTM), FY24 Q3: $18.1B Revenue (TTM), FY24 Q4: $17.9B Revenue (TTM), FY25 Q1: $17.5B Revenue (TTM), FY25 Q2: $17.5B Revenue (TTM), FY25 Q3: $17.6B Revenue (TTM), FY25 Q4: $18B Revenue (TTM), FY26 Q1: $18.4B Revenue (TTM), FY26 Q2: $18.7B Revenue (TTM), FY26 Q3: $18.9B $18.9B

Source: SEC EDGAR filings. Retrieved October 30, 2026.

View chart data
Period Revenue (TTM)
FY23 Q4 $18.9B
FY24 Q1 $18.6B
FY24 Q2 $18.2B
FY24 Q3 $18.1B
FY24 Q4 $17.9B
FY25 Q1 $17.5B
FY25 Q2 $17.5B
FY25 Q3 $17.6B
FY25 Q4 $18B
FY26 Q1 $18.4B
FY26 Q2 $18.7B
FY26 Q3 $18.9B
Revenue growth, TTM YoY Manpowergroup Inc.
-10% -5% 0% 5% 10% FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Revenue growth, TTM YoY, FY23 Q4: -4.6% Revenue growth, TTM YoY, FY24 Q1: -4.5% Revenue growth, TTM YoY, FY24 Q2: -5.1% Revenue growth, TTM YoY, FY24 Q3: -5.3% Revenue growth, TTM YoY, FY24 Q4: -5.6% Revenue growth, TTM YoY, FY25 Q1: -5.5% Revenue growth, TTM YoY, FY25 Q2: -3.8% Revenue growth, TTM YoY, FY25 Q3: -2.4% Revenue growth, TTM YoY, FY25 Q4: 0.6% Revenue growth, TTM YoY, FY26 Q1: 4.8% Revenue growth, TTM YoY, FY26 Q2: 6.7% Revenue growth, TTM YoY, FY26 Q3: 7.3% 7.3%

Source: SEC EDGAR filings. Retrieved October 30, 2026.

View chart data
Period Revenue growth, TTM YoY
FY23 Q4 -4.6%
FY24 Q1 -4.5%
FY24 Q2 -5.1%
FY24 Q3 -5.3%
FY24 Q4 -5.6%
FY25 Q1 -5.5%
FY25 Q2 -3.8%
FY25 Q3 -2.4%
FY25 Q4 0.6%
FY26 Q1 4.8%
FY26 Q2 6.7%
FY26 Q3 7.3%
Operating margin (TTM) Manpowergroup Inc.
0.5% 1% 1.5% 2% FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Operating margin (TTM), FY23 Q4: 1.4% Operating margin (TTM), FY24 Q1: 1.1% Operating margin (TTM), FY24 Q2: 1.1% Operating margin (TTM), FY24 Q3: 1.1% Operating margin (TTM), FY24 Q4: 1.7% Operating margin (TTM), FY25 Q1: 1.5% Operating margin (TTM), FY25 Q2: 0.8% Operating margin (TTM), FY25 Q3: 0.8% Operating margin (TTM), FY25 Q4: 0.8% Operating margin (TTM), FY26 Q1: 0.8% Operating margin (TTM), FY26 Q2: 1.5% Operating margin (TTM), FY26 Q3: 1.6% 1.6%

Source: SEC EDGAR filings. Retrieved October 30, 2026.

View chart data
Period Operating margin (TTM)
FY23 Q4 1.4%
FY24 Q1 1.1%
FY24 Q2 1.1%
FY24 Q3 1.1%
FY24 Q4 1.7%
FY25 Q1 1.5%
FY25 Q2 0.8%
FY25 Q3 0.8%
FY25 Q4 0.8%
FY26 Q1 0.8%
FY26 Q2 1.5%
FY26 Q3 1.6%
FCF margin (TTM) Manpowergroup Inc.
-1% 0% 1% 2% FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 FCF margin (TTM), FY23 Q4: 1.4% FCF margin (TTM), FY24 Q1: 1.4% FCF margin (TTM), FY24 Q2: 1.6% FCF margin (TTM), FY24 Q3: 0.6% FCF margin (TTM), FY24 Q4: 1.4% FCF margin (TTM), FY25 Q1: -0.1% FCF margin (TTM), FY25 Q2: -0.4% FCF margin (TTM), FY25 Q3: -0.5% FCF margin (TTM), FY25 Q4: -0.9% FCF margin (TTM), FY26 Q1: -0.7% FCF margin (TTM), FY26 Q2: 0.4% FCF margin (TTM), FY26 Q3: 0.0% 0.0%

Source: SEC EDGAR filings. Retrieved October 30, 2026.

View chart data
Period FCF margin (TTM)
FY23 Q4 1.4%
FY24 Q1 1.4%
FY24 Q2 1.6%
FY24 Q3 0.6%
FY24 Q4 1.4%
FY25 Q1 -0.1%
FY25 Q2 -0.4%
FY25 Q3 -0.5%
FY25 Q4 -0.9%
FY26 Q1 -0.7%
FY26 Q2 0.4%
FY26 Q3 0.0%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-Q. Generated November 3, 2026. Definitions in our methodology.

Financial statements

US$ billions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2016 Dec 2016 2017 Dec 2017 2018 Dec 2018 2019 Dec 2019 2020 Dec 2020 2021 Dec 2021 2022 Dec 2022 2023 Dec 2023 2024 Dec 2024 2025 Dec 2025 LTM Sept 2026
Income
Revenue 19.7 21.0 22.0 20.9 18.0 20.7 19.8 18.9 17.9 18.0 18.9
Gross profit 3.3 3.5 3.6 3.4 2.8 3.4 3.6 3.4 3.1 3.0 3.0
EBITDA 0.8 0.9 0.9 0.7 0.3 0.7 0.7 0.3 0.4 0.2 0.4
Operating income 0.7 0.8 0.8 0.6 0.2 0.6 0.6 0.3 0.3 0.2 0.3
Net income 0.4 0.5 0.6 0.5 0.0 0.4 0.4 0.1 0.1 −0.0 0.1
Diluted EPS $6.27 $8.04 $8.56 $7.72 $0.41 $6.91 $7.08 $1.76 $3.01 −$0.29 $2.56
Growth (year on year)
Revenue — +7.0% +4.5% −5.1% −13.7% +15.1% −4.3% −4.6% −5.6% +0.6% +7.3%
EBITDA — +5.2% +1.0% −18.2% −63.5% — +1.1% −48.3% — −39.9% —
Operating income — +5.9% +1.0% −19.1% −70.9% — −0.6% −56.0% — — —
Net income — +22.9% +2.1% −16.3% −94.9% — — — — — —
Diluted EPS — +28.2% +6.5% −9.8% −94.7% — — — — — —
Margins
Gross margin 17.0% 16.6% 16.3% 16.2% 15.7% 16.4% 18.0% 17.8% 17.3% 16.7% 16.1%
EBITDA margin 4.2% 4.2% 4.0% 3.5% 1.5% 3.2% 3.4% 1.8% 2.2% 1.3% 2.0%
Operating margin 3.8% 3.8% 3.6% 3.1% 1.0% 2.8% 2.9% 1.4% 1.7% 0.8% 1.6%
Net margin 2.3% 2.6% 2.5% 2.2% 0.1% 1.8% 1.9% 0.5% 0.8% −0.1% 0.6%
Free-cash-flow margin 2.8% 1.6% 1.9% 3.6% 4.9% 2.8% 1.8% 1.4% 1.4% −0.9% 0.0%
Cash flow
Cash from operations 0.6 0.4 0.5 0.8 0.9 0.6 0.4 0.3 0.3 −0.1 0.0
Capital spending 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.0
Free cash flow 0.5 0.3 0.4 0.8 0.9 0.6 0.3 0.3 0.3 −0.2 0.0
Stock-based pay 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Free cash flow after stock pay 0.5 0.3 0.4 0.7 0.9 0.5 0.3 0.2 0.2 −0.2 −0.0
Balance sheet
Cash 0.6 0.7 0.6 1.0 1.6 0.8 0.6 0.6 0.5 0.9 0.2
Total debt 0.8 0.9 1.1 1.1 1.1 1.1 1.0 1.0 1.0 1.7 1.1
Net debt (negative = net cash) 0.2 0.3 0.5 0.0 −0.4 0.3 0.3 0.4 0.4 0.8 0.9
Diluted shares 71m 68m 65m 60m 58m 55m 53m 50m 48m 47m 47m
Returned to shareholders
Dividends 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 —
Buybacks 0.5 0.2 0.5 0.2 0.3 0.2 0.3 0.2 0.1 0.0 0.0
Total returned 0.6 0.3 0.6 0.3 0.4 0.3 0.4 0.3 0.3 0.1 0.0

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

1 of 6 checks passed · September 30, 2026
What it owns · $8.3bn
Short-term assets $5.1bnLonger-term assets $3.2bn
What it owes, and who funded it · $6.9bn
Short-term liabilities $4.8bnShareholders' equity $2.1bn
  • Short-term assets cover short-term liabilities $5.1bn of assets due within a year against $4.8bn of liabilities due within a year.
  • Short-term assets cover long-term liabilities Not assessable from the reported split. Not assessable.
  • More cash than debt $233m of cash against $1.1bn of debt.
  • Debt below 40% of shareholders' equity Debt is 52% of equity.
  • Debt burden no higher than five years ago Debt to equity moved from 22% to 52% over five years.
  • A year's operating cash flow covers at least 20% of debt $42m of operating cash flow against $1.1bn of debt.
  • Operating profit covers interest at least five times over Operating income of $303m against −$90m of interest.

From Manpowergroup Inc.'s latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

FY2026 Q3 TTM
Buybacks (TTM)
$300,000
Returned to shareholders
4%
of free cash flow
Buybacks, last 3 fiscal years
$358M
Diluted share count
−0.1%
year over year
Total shareholder yield
0.0%
dividends 0.0% + buybacks 0.0% of market value
Sales & admin spending
15.9%
of revenue
Days sales outstanding
89 days
receivables vs revenue

Competitors: side by side with peers

Closest by revenue in human resource & employment services
Last 12 months unless stated MAN ADP NSP PAYX RHI TNET Median
Revenue, last 12 months $18.9bn $22.3bn $6.9bn $6.6bn $5.3bn $4.8bn $1.7bn
Revenue growth, last 12 months 7.3% 6.5% 2.1% 14.0% −2.9% −4.2% 5.6%
Revenue growth, 3-year average −0.3% 6.7% 2.6% 9.1% −7.3% −0.7% −0.5%
Revenue growth, latest quarter 4.4% 6.1% 1.7% 5.9% 0.4% −4.6% 5.2%
Gross margin 16.1% 46.6% 13.0% 74.4% 37.3% — 28.0%
Operating margin 1.6% — 0.3% 39.2% 1.4% 6.8% 1.0%
Operating margin, 3-year average 1.2% — 1.0% 39.5% 2.3% 8.9% 2.3%
Net margin 0.6% 20.3% 0.0% 27.4% 2.3% 3.6% 1.5%
Cash from operations / revenue 0.2% 24.5% 3.4% 34.1% 4.6% 7.8% 1.9%
Free-cash-flow margin 0.0% 23.6% 2.9% 30.5% 3.9% 5.9% 1.2%
Free-cash-flow margin, 3-year average 0.0% 22.8% 0.8% 30.9% 4.6% 8.2% 2.4%
Stock pay / revenue 0.1% 1.1% 0.8% 1.3% — 1.4% 1.3%
Change in share count −0.1% −1.7% 0.7% −0.9% −0.7% −2.1% −0.1%

Median of all 21 companies we cover in human resource & employment services. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

21 human resource & employment services companies
Measure Company Peer median Rank
Revenue growth Growth 7.3% 5.6% 8 of 21
Change in growth rate Growth +0.5pp +0.5pp 10 of 20
Gross margin Profitability 16.1% 27.8% 13 of 17
Operating margin Profitability 1.6% 0.6% 8 of 19
Net margin Profitability 0.6% 1.5% 12 of 21
Free-cash-flow margin Cash generation 0.0% 1.2% 14 of 21
Stock pay as % of revenue Cash generation 0.1% 1.3% 1 of 20
Long-term debt as % of assets Balance sheet 6.8% 11.3% 5 of 14
Change in share count Balance sheet -0.1% -0.1% 11 of 20
Days sales outstanding Balance sheet 89 days 68 days 16 of 18

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Who owns it

Funds buying and selling
Reported value
$1.9B
Institutions reporting
306
Shares held vs prior quarter
▲ 4.9%
Positions opened / closed
51 / 47

Top buyers and sellers, Q2 2026: 170 institutions bought and 143 sold ; the biggest buyer was Blackrock, Inc (+1.5M shares) and the biggest seller Franklin Resources Inc (−926K). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Blackrock, Inc. $266M 7.9M 14.2% ▲ 23.3%
AQR Capital Management LLC $120M 3.5M 6.4% ▼ 5.3%
Quantinno Capital Management LP $106M 3.1M 5.7% ▲ 75.0%
Vanguard Portfolio Management LLC $101M 3.0M 5.4% ▼ 5.4%
Schroder Investment Management Group $78.7M 2.3M 4.2% ▲ 2.2%
Vanguard Capital Management LLC $70.7M 2.1M 3.8% ▼ 0.6%
State Street Corp $68.7M 2.0M 3.7% ▲ 25.7%
Two Sigma Investments, LP $49.6M 1.5M 2.7% ▼ 3.2%
Dimensional Fund Advisors LP $41.7M 1.2M 2.2% ▼ 17.3%
Geode Capital Management, LLC $40.5M 1.2M 2.2% ▲ 55.0%
Citadel Advisors LLC $40.3M 1.2M 2.2% ▲ 27.4%
Morgan Stanley $39.1M 1.2M 2.1% ▼ 16.2%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Manpowergroup Inc.'s complete shareholder register. Values are as reported by the filers ; 1 inconsistently scaled filing rows were excluded.

Insider trading activity

Full insider history and chart
Insider purchases History → $0 0 trades by 0 insiders, last 12 months Insider sales History → $0 0 trades by 0 insiders
Net ▲ $0 net buying

No open-market insider trades reported in the last 12 months.

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Trades by members of Congress

All 3 trades and filings

No trades in Manpowergroup Inc. disclosed in the last 12 months; 3 earlier trades on record.

  • Lisa C. McClain(R-MI 9):Sale (full), $1,001 - $15,000, traded September 25, 2025, filed October 22, 2025
  • Lisa C. McClain(R-MI 9):Purchase, $1,001 - $15,000, traded September 11, 2025, filed October 22, 2025
  • Bill Flores(TX):Purchase, $1,001 - $15,000, traded March 25, 2019, filed April 4, 2019

Value ranges as filed; reports can arrive up to 45 days after a trade.

Earnings dates and SEC filings

Results announcements

Next expected around January 28, 2027 estimated from the company's past filing pattern, not announced

  • October 15, 2026
  • July 16, 2026
  • April 16, 2026
  • January 29, 2026
  • October 16, 2025
  • July 17, 2025

Recent SEC filings

Data status

When each part of this page on Manpowergroup Inc. was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Manpowergroup Inc. in brief

What does Manpowergroup Inc. do?
Manpowergroup Inc. is a US-listed company in the human resource & employment services industry. Its financial year ends in December.
What is Manpowergroup Inc.'s stock ticker?
Manpowergroup Inc. trades under the ticker MAN on NYSE. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Manpowergroup Inc.'s revenue, and how fast is it growing?
Over its most recent trailing twelve months, Manpowergroup Inc. reported revenue of $18.9B, 7.3% higher than a year earlier, according to its SEC filings.
What is Manpowergroup Inc.'s free cash flow?
Manpowergroup Inc.'s free-cash-flow margin is 0.0% of revenue over the trailing twelve months, ranking 14 of the 21 human resource & employment services companies we cover.
Who are Manpowergroup Inc.'s largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Blackrock, Inc., AQR Capital Management LLC and Quantinno Capital Management LP. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
Is Manpowergroup Inc. buying back stock, and does it pay a dividend?
Manpowergroup Inc. spent $300,000 on share repurchases over the trailing twelve months, and its diluted share count fell 0.1% over the year.
What is Manpowergroup Inc.'s market cap?
On November 2, 2026, Manpowergroup Inc.'s market capitalisation was about $2.2B, with a price-to-earnings ratio of 18.6 and net debt of $870M. Market figures come from third-party market data and may be delayed.
How much debt does Manpowergroup Inc. have?
Manpowergroup Inc.'s debt-to-equity ratio is 51.6%, from its latest balance sheet (21.7% five years earlier). The financial health section below sets out its other solvency checks.
Who are Manpowergroup Inc.'s competitors?
In our Human Resource & Employment Services peer group, the companies closest to Manpowergroup Inc. are Automatic Data Processing, Insperity, Inc., Paychex, Robert Half Inc. and Trinet Group, Inc. The side-by-side comparison below sets their revenue, margins and growth against Manpowergroup Inc.'s.
When is Manpowergroup Inc.'s next earnings date?
Around January 28, 2027, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — Manpowergroup Inc. announces its own schedule.