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Manpowergroup Inc. cash flow statement

In fiscal 2025, Manpowergroup Inc.'s operations generated −$104m of cash; it spent $57.3m on capital projects, leaving free cash flow of −$161m. It returned $66.7m in dividends and $38.2m through buybacks.

Cash flow statement

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

Fiscal year2016Dec 20162017Dec 20172018Dec 20182019Dec 20192020Dec 20202021Dec 20212022Dec 20222023Dec 20232024Dec 20242025Dec 2025LTMSept 2026
Cash from operations600401483814936645423348309−10442
Depreciation and amortisation8584867776738589878683
Stock-based pay2729282624373829272627
Capital spending5755655351647678515735
Free cash flow543346418762886581348270258−1617
Free cash flow after stock pay516318391735862544310241231−188−20
Dividends paid11812412712912913714014414667—
Share buybacks482204501203265210270180140380

Free cash flow is cash from operations minus capital spending. Free cash flow after stock pay also subtracts stock-based compensation, a real cost to shareholders that the cash flow statement adds back. Dividends, buybacks and shares issued are cash amounts for the period.

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Figures from Manpowergroup Inc.'s SEC filings (10-K and 10-Q), retrieved October 30, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Manpowergroup Inc.