Manpowergroup Inc. income statement
In fiscal 2025, Manpowergroup Inc. reported revenue of $17.96bn, up 0.6% on the year before, operating income of $150m (a 0.8% margin) and net income of −$13.3m, or −$0.29 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2016Dec 2016 | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMSept 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 19.7 | 21.0 | 22.0 | 20.9 | 18.0 | 20.7 | 19.8 | 18.9 | 17.9 | 18.0 | 18.9 |
| Cost of revenue | 16.3 | 17.5 | 18.4 | 17.5 | 15.2 | 17.3 | 16.3 | 15.6 | 14.8 | 15.0 | 15.9 |
| Gross profit | 3.3 | 3.5 | 3.6 | 3.4 | 2.8 | 3.4 | 3.6 | 3.4 | 3.1 | 3.0 | 3.0 |
| Selling, general and administrative | 2.6 | 2.7 | 2.8 | 2.7 | 2.6 | 2.8 | 3.0 | 3.1 | 2.8 | 2.8 | — |
| General and administrative | — | — | — | — | — | — | — | — | — | — | 0.2 |
| Operating income | 0.7 | 0.8 | 0.8 | 0.6 | 0.2 | 0.6 | 0.6 | 0.3 | 0.3 | 0.2 | 0.3 |
| Interest expense | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | −0.0 | −0.1 | −0.1 | −0.1 | −0.1 |
| Income before tax | 0.7 | 0.7 | 0.8 | 0.7 | 0.1 | 0.6 | 0.6 | 0.2 | 0.3 | 0.1 | 0.2 |
| Income tax | 0.3 | 0.2 | 0.2 | 0.2 | 0.1 | 0.2 | 0.2 | 0.1 | 0.1 | 0.1 | 0.1 |
| 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 |
| Diluted shares (average) | 71m | 68m | 65m | 60m | 58m | 55m | 53m | 50m | 48m | 47m | 47m |
| EBITDA | 0.8 | 0.9 | 0.9 | 0.7 | 0.3 | 0.7 | 0.7 | 0.3 | 0.4 | 0.2 | 0.4 |
| Quarter | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 | 2026 Q3Sept 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 4,400 | 4,090 | 4,519 | 4,634 | 4,713 | 4,510 | 4,860 | 4,840 |
| Cost of revenue | 3,645 | 3,392 | 3,756 | 3,866 | 3,946 | 3,787 | 4,080 | 4,073 |
| Gross profit | 755 | 698 | 764 | 769 | 767 | 723 | 780 | 767 |
| Selling, general and administrative | 687 | 670 | 789 | 702 | 686 | — | 668 | 685 |
| General and administrative | — | — | — | — | — | 52 | — | — |
| Operating income | 68 | 28 | −25 | 67 | 81 | 28 | 112 | 82 |
| Interest expense | −157 | 23 | 26 | 24 | −168 | 26 | 24 | 28 |
| Income before tax | 48 | 17 | −42 | 53 | 66 | 15 | 92 | 68 |
| Income tax | 25 | 11 | 25 | 35 | 35 | 13 | 39 | 34 |
| Net income | 23 | 6 | −67 | 18 | 30 | 3 | 54 | 34 |
| Diluted EPS | $0.48 | $0.12 | −$1.44 | $0.38 | $0.64 | $0.05 | $1.13 | $0.71 |
| EBITDA | 90 | 49 | −3 | 89 | 101 | 49 | 134 | 103 |
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