ManpowerGroup reported third quarter of 2026 revenue growth of 4.4% to $4,840.0 million and operating profit growth of 23.7% to $82.3 million. For the first nine months of 2026, net earnings reached $90.1 million, compared with a $43.5 million loss.
MAN · ManpowerGroup Inc.
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ManpowerGroup Inc. appointed Lidia Fonseca to its Board of Directors on October 26, 2026, with service beginning November 1, 2026. The appointment expands the Board from twelve to thirteen directors.
Manpower Group named Becky Frankowitz Chief Executive Officer effective January 1, 2027. Third-quarter revenue was $4.8 billion, adjusted EBITDA margin was 2.2%, and fourth-quarter EPS guidance was $1.03 to $1.13.
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.
ManpowerGroup appointed Rebecca Frankiewicz CEO and Jonas Prising Executive Chair effective January 1, 2027, when Prising retires as CEO; Frankiewicz will join the Board, which increased from eleven to twelve directors.
Metrics snapshot
Useful current figures from the complete screener profile.
Quarterly results
* Q4 derived as the full year minus Q1 to Q3.
AI Brief
Q3 FY26 earnings call · Oct 15, 2026TL;DR. ManpowerGroup delivered Q3 results at the midpoint of guidance, with organic constant currency revenue growth of 6% and 10 bps of adjusted EBITDA margin expansion, while announcing a planned CEO succession effective January 1, 2027, and guiding Q4 to further EBITDA margin expansion of 20 bps at the midpoint.
- + Manpower brand delivered 7% organic constant currency growth, with the U.S. Manpower brand posting its ninth consecutive quarter of growth and double-digit revenue gains.
- + U.S. Experis returned to growth in Q3, marking an important inflection, while Talent Solutions revenue trend improved sequentially.
- + Q4 guidance points to 20 bps of year-over-year EBITDA margin expansion at the midpoint, an acceleration from the 10 bps run rate in the first three quarters.
- + SG&A as adjusted declined 2% in constant currency while revenues grew, reflecting ongoing cost discipline tied to the transformation program.
- − France revenue declined 2% in constant currency and French operating unit profit fell sharply, weighing on Southern Europe results.
- − Q3 free cash flow was an outflow of $17 million, compared to an inflow of $45 million a year earlier, and no shares were repurchased in the quarter.
- − Right Management revenue declined on lower outplacement activity, pressuring gross margin.
- − Q4 effective tax rate is guided to 44%, a high level that pressures reported earnings, and Q4 revenue growth is guided to a midpoint of just 5% constant currency.
AI-generated from the earnings call and 8-K · may contain errors · not investment advice
Equibles Rating
blended score · not investment adviceBlended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.
Guidance & track record
Still-open targets the latest release did not restate under the same label.
Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.
Technicals
trend & momentum for long-term holders NeutralIllustrative technical + ownership context — a signal mix, not investment advice.
Key metrics
the company's own KPIs, from written earnings releases and filings| Metric | Latest | Period | YoY |
|---|---|---|---|
| France OUP margin non-GAAP | 2.4% | the second quarter of 2026 filing | — |
| Italy OUP margin non-GAAP | 6.5% | the second quarter of 2026 filing | — |
| Northern Europe OUP margin non-GAAP | 0.2% | the second quarter of 2026 filing | — |
| Other Americas OUP margin non-GAAP | 3.8% | the second quarter of 2026 filing | — |
| OUP margin non-GAAP | 3.4% | the second quarter of 2025 filing | — |
| Southern Europe OUP margin non-GAAP | 3.3% | the second quarter of 2026 filing | — |
| U.S. OUP margin non-GAAP | 7.4% | the second quarter of 2026 filing | — |
Figures exactly as the company stated them in writing · click a metric with a to chart its history · period links open the stating document · "filing" marks figures stated in the 10-K/10-Q · YoY needs an exactly comparable prior-year period
Versus peers
Staffing & Employment Services — same industry group| Company | Mkt cap | YTD | Rev growth Y/Y | P/E | Short % shares |
|---|---|---|---|---|---|
|
MAN
this stock
ManpowerGroup Inc.
|
$2.18B | +55.6% | +0.6% | 18.5 | 9.5% |
|
RHI
Robert Half Inc.
|
$4.43B | +58.3% | -7.2% | 35.8 | 19.7% |
|
KFY
Korn Ferry
|
$4.26B | +16.9% | +12.2% | 14.8 | 3.0% |
|
TNET
Trinet Group, Inc.
|
$3.08B | +13.9% | -0.9% | 17.9 | 3.8% |
|
NSP
Insperity, Inc.
|
$2.00B | +31.3% | +3.5% | 583.4 | 7.8% |
Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding
At a glance
key data from every section- Filed
- Oct 30, 2026
- This year
- 17
ManpowerGroup reported third quarter of 2026 revenue growth of 4.4% to $4,840.0 million and operating profit growth of 23.7% to $82.3 million. For the first nine months of 2026, net earnings reached $90.1 million, compared with a $43.5 million loss.
ViewPerformance
| 5D | 20D | 120D | MTD | YTD | |
|---|---|---|---|---|---|
| MAN | +1.7% | -14.9% | +78.2% | -0.1% | +55.6% |
| SPY | -4.7% | -5.3% | -0.8% | -3.0% | +7.5% |
| vs SPY | +6.4% | -9.6% | +79.0% | +3.0% | +48.1% |
Capital returns
Dividends per share over the trailing 365 days by ex-date · buyback figures as last reported in SEC filings ("spent" derived as authorized − remaining; when several programs run concurrently, authorized is their combined total per the newest filing) · components shown separately — trailing-year buyback spend isn't tracked, so no combined shareholder yield is derived.