ManpowerGroup Inc 8-K, filed Oct 15, 2026

ManpowerGroup Inc. (MAN)

8-K 2026-10-15 For: 2026-10-15

Added on October 15, 2026

About this 8-K

ManpowerGroup Inc filed this 8-K on October 15, 2026.

ManpowerGroup reported third-quarter revenues of $4.8 billion and diluted EPS of $0.71, versus $0.38 a year earlier, and forecast fourth-quarter diluted EPS between $1.03 and $1.13. Becky Frankiewicz will become CEO January 1, 2027, with Jonas Prising becoming Executive Chair. AI summary

Items reported

Item 2.02: Financial results
Item 9.01: Financial statements and exhibits

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Wisconsin	1-10686	39-1672779
(State or other jurisdiction of incorporation)	(Commission File Number)	(IRS Employer Identification No.)


100 Manpower Place
Milwaukee, Wisconsin		53212
(Address of principal executive offices)		(Zip Code)


☐		Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐		Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐		Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐		Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))


Title of each class	Trading Symbol(s)	Name of each exchange on which registered
Common Stock, $.01 par value	MAN	New York Stock Exchange


Exhibit No.		Description
99.1		Press Release dated October 15, 2026
99.2		Presentation materials for October 15, 2026 Conference Call
104		Cover Page Interactive Data File (embedded within the Inline XBRL document)


		MANPOWERGROUP INC.

Dated:	October 15, 2026	By:	/s/ John T. McGinnis
		Name:	John T. McGinnis
		Title:	Executive Vice President and Chief Financial Officer


FOR IMMEDIATE RELEASE		Contact:

		Matt Rubatt
		+1.414.906.7804
		matthew.rubatt@manpowergroup.com


	Three Months Ended September 30
					% Variance
					Amount			Constant
	2026		2025		Reported			Currency
	(Unaudited)
Revenues from services (a)	$	4,840.0	$	4,634.4		4.4	%		5.2	%
Cost of services		4,072.7		3,865.5		5.4	%		6.1	%
Gross profit		767.3		768.9		-0.2	%		0.4	%
Selling and administrative expenses		685.0		702.3		-2.5	%		-2.0	%
Operating profit		82.3		66.6		23.7	%		26.2	%
Interest and other expenses, net		14.3		13.7		4.8	%
Earnings before income taxes		68.0		52.9		28.5	%		31.0	%
Provision for income taxes		33.9		34.9		-2.8	%
Net earnings	$	34.1	$	18.0		89.3	%		92.9	%
Net earnings per share - basic	$	0.73	$	0.39		87.7	%
Net earnings per share - diluted	$	0.71	$	0.38		84.4	%		87.9	%
Weighted average shares - basic		46.9		46.5		0.8	%
Weighted average shares - diluted		48.1		46.9		2.7	%


	2026			2025
Interest expense	$	28.0		$	24.0
Interest income		(7.8	)		(6.9	)
Foreign exchange loss		1.3			2.4
Miscellaneous income, net		(7.2	)		(5.8	)
	$	14.3		$	13.7


	Nine Months Ended September 30
						% Variance
						Amount			Constant
	2026		2025			Reported			Currency
	(Unaudited)
Revenues from services (a)	$	14,210.6	$	13,244.0			7.3	%		4.7	%
Cost of services		11,940.0		11,013.1			8.4	%		5.7	%
Gross profit		2,270.6		2,230.9			1.8	%		-0.5	%
Selling and administrative expenses, excluding impairment charges		2,048.0		2,072.7			-1.2	%		-3.4	%
Impairment charges (b)		—		88.7		N/A			N/A
Selling and administrative expenses		2,048.0		2,161.4			-5.3	%		-7.4	%
Operating profit		222.6		69.5			220.4	%		213.8	%
Interest and other expenses, net		46.8		41.7			12.4	%
Earnings before income taxes		175.8		27.8			531.5	%		525.5	%
Provision for income taxes		85.7		71.3			20.2	%
Net earnings (loss)	$	90.1	$	(43.5	)	N/A			N/A
Net earnings (loss) per share - basic	$	1.93	$	(0.93	)	N/A
Net earnings (loss) per share - diluted	$	1.89	$	(0.93	)	N/A			N/A
Weighted average shares - basic		46.8		46.6			0.4	%
Weighted average shares - diluted		47.6		46.6			2.2	%


	September 30,			December 31,
	2026			2025
	(Unaudited)
ASSETS
Current assets:
Cash and cash equivalents	$	233.1		$	871.0
Accounts receivable, net		4,619.4			4,770.3
Prepaid expenses and other assets		204.3			149.1
Total current assets		5,056.8			5,790.4
Other assets:
Goodwill		1,481.7			1,544.6
Intangible assets, net		408.3			430.1
Operating lease right-of-use assets		345.5			392.7
Other assets		856.5			879.1
Total other assets		3,092.0			3,246.5
Property and equipment:
Land, buildings, leasehold improvements and equipment		522.8			526.9
Less: accumulated depreciation and amortization		411.7			403.7
Net property and equipment		111.1			123.2
Total assets	$	8,259.9		$	9,160.1
LIABILITIES AND SHAREHOLDERS' EQUITY
Current liabilities:
Accounts payable	$	2,432.6		$	2,721.1
Employee compensation payable		232.7			232.3
Accrued payroll taxes and insurance		633.0			672.1
Accrued liabilities		461.0			457.6
Value added taxes payable		406.5			418.1
Short-term operating lease liability		99.2			107.4
Short-term borrowings and current maturities of long-term debt		540.6			625.0
Total current liabilities		4,805.6			5,233.6
Other liabilities:
Long-term debt		562.8			1,052.1
Long-term operating lease liability		259.8			304.3
Other long-term liabilities		491.1			509.8
Total other liabilities		1,313.7			1,866.2
Shareholders' equity:
ManpowerGroup shareholders' equity
Common stock		1.2			1.2
Capital in excess of par value		3,592.8			3,572.5
Retained earnings		3,788.9			3,732.3
Accumulated other comprehensive loss		(406.1	)		(412.1	)
Treasury stock, at cost		(4,836.4	)		(4,834.3	)
Total ManpowerGroup shareholders' equity		2,140.4			2,059.6
Noncontrolling interests		0.2			0.7
Total shareholders' equity		2,140.6			2,060.3
Total liabilities and shareholders' equity	$	8,259.9		$	9,160.1


	Nine Months Ended
	September 30,
	2026			2025
	(Unaudited)
Cash Flows from Operating Activities:
Net earnings (Loss)	$	90.1		$	(43.5	)
Adjustments to reconcile net earnings to net cash used in operating activities:
Depreciation and amortization		62.1			65.5
(Gain) Loss on sales of subsidiaries, net		(22.8	)		6.2
Non-cash impairment of goodwill and other intangible assets		—			88.7
Deferred income taxes		7.1			(16.1	)
Provision for credit losses		9.1			4.3
Share-based compensation		20.9			20.2
Changes in operating assets and liabilities:
Accounts receivable		36.4			(8.8	)
Other assets		(74.7	)		(95.4	)
Accounts payable		(255.8	)		(182.9	)
Other liabilities		(9.4	)		(121.2	)
Cash used in operating activities		(137.0	)		(283.0	)
Cash Flows from Investing Activities:
Capital expenditures		(23.6	)		(46.4	)
Acquisition of businesses, net of cash acquired		—			(1.0	)
Impact to cash resulting from sales of subsidiaries		87.5			(2.1	)
Proceeds from the sale of property and equipment		1.4			0.8
Cash provided by (used in) investing activities		65.3			(48.7	)
Cash Flows from Financing Activities:
Net change in short-term borrowings		1.5			65.7
Net proceeds from revolving debt facility		50.0			73.0
Proceeds from long-term debt		3.2			0.2
Repayments of long-term debt		(585.9	)		(0.6	)
Payments of contingent consideration for acquisition		(0.8	)		(1.3	)
Taxes paid related to net share settlement		(2.8	)		(6.0	)
Repurchases of common stock and excise tax		(0.3	)		(38.2	)
Dividends paid		(33.5	)		(33.3	)
Cash (used in) provided by financing activities		(568.6	)		59.5
Effect of exchange rate changes on cash		2.4			37.4
Change in cash and cash equivalents		(637.9	)		(234.8	)
Cash and cash equivalents, beginning of period		871.0			509.4
Cash and cash equivalents, end of period	$	233.1		$	274.6


	Three Months Ended September 30
							% Variance
							Amount			Constant
	2026			2025			Reported			Currency
	(Unaudited)
Revenues from Services:
Americas:
United States (a)	$	728.8		$	690.8			5.5	%		5.5	%
Other Americas		517.9			407.9			27.0	%		21.7	%
		1,246.7			1,098.7			13.5	%		11.5	%
Southern Europe:
France		1,132.9			1,173.5			-3.5	%		-1.9	%
Italy		483.1			462.5			4.5	%		6.2	%
Other Southern Europe		611.9			569.5			7.5	%		7.0	%
		2,227.9			2,205.5			1.0	%		2.1	%
Northern Europe		860.6			816.8			5.4	%		5.9	%
APME		514.9			520.5			-1.1	%		4.3	%
		4,850.1			4,641.5
Intercompany Eliminations		(10.1	)		(7.1	)
	$	4,840.0		$	4,634.4			4.4	%		5.2	%
Operating Unit Profit (Loss):
Americas:
United States	$	24.3		$	20.6			18.2	%		18.2	%
Other Americas		23.1			17.3			33.1	%		27.9	%
		47.4			37.9			25.0	%		22.6	%
Southern Europe:
France		22.4			30.6			-26.9	%		-25.3	%
Italy		27.4			26.6			3.2	%		5.1	%
Other Southern Europe		14.8			8.4			74.1	%		68.2	%
		64.6			65.6			-1.7	%		-1.0	%
Northern Europe		7.5			(14.9	)	N/A			N/A
APME		23.9			26.8			-10.2	%		-3.7	%
		143.4			115.4
Corporate expenses		(54.1	)		(40.9	)
Intangible asset amortization expense		(7.0	)		(7.9	)
Operating profit		82.3			66.6			23.7	%		26.2	%
Interest and other expenses, net (b)		(14.3	)		(13.7	)
Earnings before income taxes	$	68.0		$	52.9


	Nine Months Ended September 30
							% Variance
							Amount			Constant
	2026			2025			Reported			Currency
	(Unaudited)
Revenues from Services:
Americas:
United States (a)	$	2,098.0		$	2,053.7			2.2	%		2.2	%
Other Americas		1,476.6			1,161.7			27.1	%		21.7	%
		3,574.6			3,215.4			11.2	%		9.2	%
Southern Europe:
France		3,379.1			3,288.5			2.8	%		-0.8	%
Italy		1,479.7			1,336.2			10.7	%		6.9	%
Other Southern Europe		1,779.1			1,564.1			13.8	%		7.7	%
		6,637.9			6,188.8			7.3	%		3.0	%
Northern Europe		2,476.2			2,342.0			5.7	%		2.0	%
APME		1,544.1			1,522.2			1.4	%		5.7	%
		14,232.8			13,268.4
Intercompany Eliminations		(22.2	)		(24.4	)
		14,210.6			13,244.0			7.3	%		4.7	%
Operating Unit Profit (Loss):
Americas:
United States	$	79.2		$	51.6			53.6	%		53.6	%
Other Americas		59.2			47.9			23.4	%		18.4	%
		138.4			99.5			39.1	%		36.6	%
Southern Europe:
France		67.9			83.9			-19.1	%		-20.9	%
Italy		90.2			83.0			8.6	%		5.0	%
Other Southern Europe		35.8			22.2			61.1	%		49.5	%
		193.9			189.1			2.5	%		-1.3	%
Northern Europe		1.3			(42.2	)	N/A			N/A
APME		69.5			73.2			-4.8	%		1.9	%
		403.1			319.6
Corporate expenses		(159.5	)		(137.1	)
Impairment charges (b)		—			(88.7	)
Intangible asset amortization expense		(21.0	)		(24.3	)
Operating profit		222.6			69.5			220.4	%		213.8	%
Interest and other expenses, net (c)		(46.8	)		(41.7	)
Earnings before income taxes	$	175.8		$	27.8