Part II of The New Talent Equation research series finds workforce confidence, leadership capability, and employee trust are determining which organizations realize value from AI and which fall behind.
, /PRNewswire/ -- As organizations accelerate investments in artificial intelligence, ManpowerGroup Talent Solutions today released new research finding the biggest barrier to AI transformation is no longer technology adoption. It is workforce readiness and leaders' ability to guide people through change. Only 3% of organizations say their leaders are highly prepared to manage AI-enabled ways of working, even as 78% report employee concern about how AI will affect their jobs.
"The New Talent Equation: Activating Workforce Confidence at Scale," a new report commissioned by Talent Solutions and developed with Everest Group, is the second report in a two-part research series examining how organizations can turn AI investment into business impact.
Only 3% of organizations say their leaders are highly prepared to manage AI-enabled ways of working,
34% of organizations report their greatest productivity improvements in AI-augmented roles, where people and AI collaborate through redesigned workflows, compared with just 8% reporting their strongest gains from fully automated roles.
The New Talent Equation: Activating Workforce Confidence at Scale, a new report commissioned by Talent Solutions and developed with Everest Group, is the second report in a two-part research series examining how organizations can turn AI investment into business impact. Building on the first report's focus on fragmented talent systems, this edition explores the human side of transformation, finding that leadership capability, employee trust, and workforce adaptability increasingly determine which organizations realize AI's full value.
"The conversation around AI has fundamentally changed," said Caroline Pfeiffer Marinho, Global Business Leader, Talent Solutions RPO & Right Management. "Most organizations have made significant progress deploying AI. What we're seeing now is that technology is no longer the primary challenge. Leaders are asking how to build workforce confidence, prepare managers, and help people adapt as work changes. The organizations creating lasting advantage are investing in both system transformation and workforce transformation."
"The first phase of Al transformation has been defined by adoption. The next phase is likely to be defined by adaptation," Sailesh Hota, Vice President, Everest Group, said. "As Al becomes embedded across talent processes and workforce systems, the ability to redesign how work is organized may become a more important determinant of success than technology deployment alone."
The research draws on a survey of 80 C-suite, CHRO, and senior talent acquisition leaders across the United States and United Kingdom, spanning healthcare, life sciences, manufacturing, and technology.
Key Findings
Workforce Readiness Is Falling Behind AI Adoption
Organizations are deploying AI faster than they are preparing people to use it. Only 17% of organizations report advanced or transformational workforce readiness, where AI capability is deeply embedded into workflows and linked to measurable business outcomes. Leadership Readiness Has Become AI's Biggest Bottleneck
Just 3% of organizations describe their leaders as highly prepared to manage AI-enabled ways of working, while nearly half say their leaders are only moderately prepared. The findings suggest leadership capability may now be a greater barrier to transformation than technology itself. Trust Is Becoming a Business Performance Issue
Nearly 78% of organizations report employee fear of job displacement, while 63% report workforce resistance to adopting AI tools after deployment. Workforce confidence now influences adoption, engagement, and how quickly organizations realize value from AI. Without employee trust, organizations will struggle to scale AI, regardless of the technology they deploy. AI Is Reshaping Jobs, Not Eliminating Them
Despite widespread concern about job displacement, organizations are responding to AI by redesigning work rather than reducing headcount. Nearly 63% identify reskilling and redeployment as the most common outcome for employees whose roles are significantly impacted by AI, while 86% rank AI-focused upskilling and reskilling among their top workforce priorities over the next 12 to 18 months. The Best Results Come from Human and AI Collaboration
Organizations achieve their greatest productivity gains when AI augments human work rather than fully automating it. Thirty-four percent of organizations report their greatest productivity improvements in AI-augmented roles, where people and AI collaborate through redesigned workflows, compared with just 8% reporting their strongest gains from fully automated roles. Together, the two reports point to two equally important priorities for organizations navigating AI transformation. Organizations must build integrated talent systems that enable AI while also building the workforce confidence, leadership capability, and trust needed to sustain change. The next phase of AI transformation will be defined less by how quickly organizations deploy AI and more by how effectively they prepare people to work, adapt, and succeed alongside it.
The New Talent Equation: Activating Workforce Confidence at Scale is available now at mpgtalentsolutions.com/the-new-talent-equation, along with the first report in the series, The New Talent Equation: Building Better Talent Decisions.
ABOUT MANPOWERGROUP TALENT SOLUTIONS
Talent Solutions combines RPO, TAPFIN-MSP, and Right Management to deliver end-to-end, data-driven capabilities across the talent lifecycle. Drawing on deep industry expertise and a genuine understanding of what talent wants, we help organizations address complex workforce needs, from attraction and acquisition to upskilling, development, and retention. Through seamless delivery, best-in-class technology, and extensive workforce insights, we serve clients across multiple countries and at scale. Talent Solutions is part of the ManpowerGroup® (NYSE: MAN) family of brands, which also includes Manpower and Experis.
For more information, visit www.mpgtalentsolutions.com, or follow us on LinkedIn.
Chicago Partners Investment Group LLC bought a new stake in ManpowerGroup Inc. (NYSE:MAN – Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 15,679 shares of the business services provider’s stock, valued at approximately $495,000.
Several other hedge funds and other institutional investors have also modified their holdings of the company. Quarry LP acquired a new stake in shares of ManpowerGroup in the third quarter valued at $25,000. Caitong International Asset Management Co. Ltd acquired a new position in ManpowerGroup during the 3rd quarter worth about $30,000. Fifth Third Bancorp lifted its stake in ManpowerGroup by 637.7% during the 4th quarter. Fifth Third Bancorp now owns 1,114 shares of the business services provider’s stock worth $33,000 after acquiring an additional 963 shares in the last quarter. Hantz Financial Services Inc. boosted its holdings in ManpowerGroup by 320.8% during the 4th quarter. Hantz Financial Services Inc. now owns 1,376 shares of the business services provider’s stock valued at $41,000 after acquiring an additional 1,049 shares during the period. Finally, Allworth Financial LP boosted its holdings in ManpowerGroup by 69.3% during the 3rd quarter. Allworth Financial LP now owns 1,121 shares of the business services provider’s stock valued at $42,000 after acquiring an additional 459 shares during the period. 98.03% of the stock is currently owned by hedge funds and other institutional investors.
Key Stories Impacting ManpowerGroup Here are the key news stories impacting ManpowerGroup this week:
Positive Sentiment: ManpowerGroup reported Q2 EPS of $0.99, topping estimates of $0.96, while revenue of about $4.86 billion also beat expectations. Results improved year over year, helped by stronger demand across multiple regions and tighter cost control. ManpowerGroup Reports 2nd Quarter 2026 Results Positive Sentiment: The company guided Q3 EPS to $0.96-$1.06, which brackets or slightly exceeds Street expectations, reinforcing confidence that recent operating momentum can continue. ManpowerGroup forecasts Q3 EPS of $0.96-$1.06 as it targets $200M in 2028 cost savings Positive Sentiment: Analysts raised price targets after the beat, including Robert W. Baird boosting its target to $72 from $45 and maintaining an outperform rating, signaling improved Wall Street sentiment. ManpowerGroup Analysts Boost Their Forecasts After Strong Q2 Results Neutral Sentiment: Truist also raised its target to $50 from $34 but kept a hold rating, suggesting the stock may be fairly valued after the rally even as expectations improve. Benzinga/The Fly report on Truist price target update Wall Street Analyst Weigh In Several research firms have weighed in on MAN. Wall Street Zen downgraded ManpowerGroup from a “buy” rating to a “hold” rating in a research report on Saturday, May 16th. The Goldman Sachs Group increased their price target on shares of ManpowerGroup from $36.00 to $57.00 and gave the stock a “neutral” rating in a research report on Friday. Robert W. Baird raised their price objective on shares of ManpowerGroup from $45.00 to $72.00 and gave the company an “outperform” rating in a research note on Friday. Barclays dropped their price objective on shares of ManpowerGroup from $35.00 to $30.00 and set an “equal weight” rating for the company in a report on Monday, April 13th. Finally, Truist Financial upped their target price on shares of ManpowerGroup from $34.00 to $50.00 and gave the stock a “hold” rating in a research note on Friday. Three equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, ManpowerGroup currently has an average rating of “Hold” and a consensus price target of $51.38.
Get Our Latest Research Report on ManpowerGroup
ManpowerGroup Trading Up 1.3% NYSE:MAN opened at $52.31 on Friday. The firm has a market cap of $2.43 billion, a PE ratio of 23.78 and a beta of 0.73. The stock has a fifty day moving average price of $33.71 and a 200 day moving average price of $31.12. ManpowerGroup Inc. has a 12-month low of $25.15 and a 12-month high of $55.70. The company has a current ratio of 1.04, a quick ratio of 1.12 and a debt-to-equity ratio of 0.27.
ManpowerGroup (NYSE:MAN – Get Free Report) last issued its quarterly earnings results on Thursday, July 16th. The business services provider reported $0.99 earnings per share for the quarter, topping the consensus estimate of $0.96 by $0.03. ManpowerGroup had a return on equity of 7.45% and a net margin of 0.56%.The company had revenue of $4.86 billion for the quarter, compared to the consensus estimate of $4.72 billion. During the same quarter in the prior year, the business earned ($1.44) EPS. ManpowerGroup has set its Q3 2026 guidance at 0.960-1.060 EPS. Sell-side analysts anticipate that ManpowerGroup Inc. will post 3.66 earnings per share for the current fiscal year.
ManpowerGroup Dividend Announcement The business also recently disclosed a dividend, which was paid on Monday, June 15th. Stockholders of record on Monday, June 1st were given a dividend of $0.72 per share. The ex-dividend date of this dividend was Monday, June 1st. This represents a dividend yield of 437.0%. ManpowerGroup’s payout ratio is currently -389.19%.
ManpowerGroup Company Profile (Free Report)
ManpowerGroup (NYSE: MAN) is a global leader in workforce solutions, offering a broad spectrum of staffing and talent management services. Founded in 1948 and headquartered in Milwaukee, Wisconsin, the company has grown from a temporary staffing firm to a diversified provider of workforce consultancy, recruitment, and outsourcing services. ManpowerGroup is publicly traded on the New York Stock Exchange under the ticker MAN.
The company’s service offerings are organized into four principal brands.
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Key Takeaways ManpowerGroup topped Q2 earnings and revenue estimates on stronger demand and broad regional growth.MAN improved operating profit through lower costs and targets $200M in permanent savings by 2028.ManpowerGroup expects Q3 revenue growth of 2%-6% and adjusted EPS of 96 cents to $1.06. ManpowerGroup (MAN - Free Report) reported impressive second-quarter 2026 results, with earnings and revenues beating the respective Zacks Consensus Estimate.
MAN’s adjusted earnings (excluding 14 cents from non-recurring items) were 99 cents per share, which surpassed the Zacks Consensus Estimate by 3.1% and increased 26.9% year over year, driven by improving demand, disciplined cost management and strong execution across key markets.
Revenues were $4.86 billion, which topped the Consensus Estimate by 3.8% and rose 7.5% year over year (5.8% in constant currency). Strong growth in the United States, Latin America and select European markets supported top-line performance.
MAN Benefits From Broad-Based Regional GrowthRevenues from the Americas climbed 14.4% year over year to $1.21 billion, ahead of growth across the company's other geographic segments. The United States generated revenues of $714.3 million, up 6%, while Other Americas revenues increased 29% to $498 million.
Southern Europe remained the largest contributor, with revenues increasing 7.4% to $2.31 billion. France posted revenues of $1.18 billion, up 2.5%, while Italy contributed $521.9 million, rising 9.6%. Other Southern Europe revenues advanced 16.2% to $609.2 million.
Northern Europe revenues improved 3.9% to $825.5 million. Asia-Pacific Middle East revenues declined 1.2% on a reported basis to $518.7 million but increased 5% in constant currency. Intercompany eliminations narrowed to a loss of $5 million from $9.7 million a year earlier.
Manpower Shows Improving Brand MomentumManagement highlighted continued strength across its portfolio, led by the Manpower brand, whose organic constant-currency revenues increased 8% year over year, marking its fifth consecutive quarter of growth. Demand remained robust across manufacturing, automotive, aerospace, logistics and retail, while U.S. sales activity continued to strengthen.
Experis posted an organic constant-currency revenue decline of 2%, a marked improvement from the 9% decline in the first quarter, supported by stronger demand for cloud migration, application development, data and AI services. Talent Solutions' revenues were flat year over year after declining 1% in the previous quarter as recruitment process outsourcing trends strengthened and managed service provider demand remained solid.
MAN Expands Profitability Through Cost DisciplineGross profit increased 2.2% year over year to $780.3 million, while gross margin contracted 80 basis points to 16.1%, reflecting changes in business mix and the sale of the higher-margin Jefferson Wells U.S. business.
Selling and administrative expenses declined 15.3% year over year to $668.3 million. Operating profit improved to $112 million from an operating loss of $25.3 million in the prior-year quarter. The company continued executing its strategic transformation program, which is expected to deliver $200 million in permanent cost savings by 2028, while advancing AI initiatives to improve productivity and create new commercial opportunities.
ManpowerGroup's Balance Sheet & Cash FlowManpowerGroup ended the quarter with cash and cash equivalents of $180.6 million compared with $871 million at 2025-end. Long-term debt declined to $567.3 million from $1.05 billion at the end of December 2025 following debt repayment.
Free cash flow represented an outflow of $9 million in the quarter, a significant improvement from the $207 million outflow recorded a year earlier. Capital expenditures totaled $6 million and the company did not repurchase any shares during the quarter.
MAN Guides for Q3 2026Management expects third-quarter 2026 adjusted earnings per share in the range of 96 cents to $1.06. The Zacks Consensus Estimate for earnings per share is pegged at 96 cents. The outlook includes an estimated unfavorable currency impact of 2 cents per share and assumes a 44% effective tax rate.
For the third quarter, revenues are projected to increase in the range of 2%-6% year over year on a reported basis, or 3%-7% in constant currency. Gross margin is expected to be between 15.9% and 16.1%, while adjusted EBITA margin is projected in the range of 2.1%-2.3%.
Currently, ManpowerGroup carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Stocks to ConsiderA couple of better-ranked stocks in the broader Zacks Business Services sector are Veralto Corporation (VLTO - Free Report) and Thomson Reuters (TRI - Free Report) .
Veralto Corporation carries a Zacks Rank #2 (Buy) at present. It has a long-term earnings growth expectation of 8.4%. VLTO delivered a trailing four-quarter earnings surprise of 4.9% on average.
Thomson Reuters also holds a Zacks Rank of 2 at present. It has a long-term earnings growth expectation of 15.1%. TRI's earnings beat estimates in each of the trailing four quarters, with an average surprise of 3.1%.
U.S. stocks were lower, with the Nasdaq Composite falling around 400 points on Friday.
Adjusted earnings were 99 cents per share, topping analysts’ consensus estimate of 95 cents. Revenue rose 8% year over year to $4.86 billion, or 6% in constant currency, exceeding estimates of $4.72 billion.
ManpowerGroup shares jumped 5.8% to $54.63 on Friday.
Here are some other big stocks recording gains in today’s session.
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ManpowerGroup Inc. (NYSE:MAN) on Thursday reported upbeat second-quarter results and issued third-quarter earnings guidance above expectations.
Adjusted earnings were 99 cents per share, topping analysts’ consensus estimate of 95 cents. Revenue rose 8% year over year to $4.86 billion, or 6% in constant currency, exceeding estimates of $4.72 billion.
For the third quarter, ManpowerGroup forecast diluted earnings of 96 cents to $1.06 per share, including an estimated 2-cent unfavorable currency impact. The guidance compares with analysts’ consensus estimate of 88 cents per share. The company expects approximately 6% organic, days-adjusted constant-currency revenue growth and an effective tax rate of about 44%.
ManpowerGroup shares jumped 32.4% to close at $51.65 on Thursday.
These analysts made changes to their price targets on ManpowerGroup following earnings announcement.
Baird analyst Mark Marcon maintained the stock with an Outperform rating and raised the price target from $45 to $72. UBS analyst Joshua Chan maintained the stock with a Neutral and raised the price target from $41 to $55. Considering buying MAN stock? Here’s what analysts think:
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ManpowerGroup (MAN - Free Report) came out with quarterly earnings of $0.99 per share, beating the Zacks Consensus Estimate of $0.96 per share. This compares to earnings of $0.78 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of +3.13%. A quarter ago, it was expected that this staffing company would post earnings of $0.5 per share when it actually produced earnings of $0.51, delivering a surprise of +2%.
Over the last four quarters, the company has surpassed consensus EPS estimates four times.
Manpower, which belongs to the Zacks Staffing Firms industry, posted revenues of $4.86 billion for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 3.76%. This compares to year-ago revenues of $4.52 billion. The company has topped consensus revenue estimates four times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Manpower shares have added about 31.3% since the beginning of the year versus the S&P 500's gain of 10.6%.
What's Next for Manpower?While Manpower has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Manpower was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $1.04 on $4.75 billion in revenues for the coming quarter and $3.66 on $18.78 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Staffing Firms is currently in the bottom 21% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
TrueBlue (TBI - Free Report) , another stock in the same industry, has yet to report results for the quarter ended June 2026.
This blue-collar temporary staffing company is expected to post quarterly loss of $0.10 per share in its upcoming report, which represents a year-over-year change of -42.9%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
TrueBlue's revenues are expected to be $416.16 million, up 5% from the year-ago quarter.
MarketBeat Week in Review – 06/29 - 07/03ManpowerGroup NYSE: MAN reported stronger-than-expected second-quarter 2026 revenue and said improving demand across several markets helped drive organic growth, led by its core Manpower staffing business.
Chair and CEO Jonas Prising said the company delivered “strong results with revenues ahead of expectations,” citing growing client demand, cost discipline and progress on its transformation strategy. Reported revenue was $4.9 billion, while system-wide revenue, including franchises, was $5.3 billion. Revenue increased 6% in constant currency.
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Manchester United’s Stock Rally Faces a Test Beyond Old TraffordAdjusted EBITDA was $103 million, up 15% in constant currency from the prior-year period. Adjusted EBITDA margin was 2.1%, up 10 basis points year over year. Reported earnings per share were $1.13, while adjusted EPS was $0.99, above the company’s guidance midpoint.
Manpower Brand Leads Growth Prising said the Manpower brand delivered its fifth consecutive quarter of growth, with revenue up 8% in constant currency. He pointed to stronger demand in manufacturing, automotive, aerospace, logistics and retail.
High-Yielding ManpowerGroup Inc. Goes On SaleThe U.S. Manpower business was a standout, with revenue rising 16% on a days-adjusted basis during the quarter. CFO Jack McGinnis said that represented “strong market performance” and marked eight consecutive quarters of growth for the brand in the U.S.
During the question-and-answer portion of the call, McGinnis said U.S. revenue trends strengthened as the quarter progressed. France, by contrast, was stable throughout the quarter, while Italy remained strong and Japan was steady.
President and Chief Strategy Officer Becky Frankiewicz said demand in the U.S. Manpower business has improved, while the company has also become better at targeting areas of growth. She cited manufacturing, consumer goods, retail, aerospace and logistics as areas of strength.
Experis, the company’s technology resourcing and services business, declined 2% on an organic constant currency basis, improving from a 9% decline in the first quarter. Talent Solutions was flat year over year, also an improvement from the first quarter. Within Talent Solutions, McGinnis said RPO showed sequential improvement, MSP continued to grow, and Right Management declined slightly due to lower outplacement activity.
Regional Results Show Broad Improvement The Americas segment generated $1.2 billion in revenue, up 14% year over year on an organic constant currency basis. Adjusted operating unit profit was $45 million, with a 3.7% margin. The U.S., which represented 59% of Americas revenue, posted revenue of $714 million, up 8% on an organic days-adjusted basis.
Southern Europe revenue was $2.3 billion, up 4% in constant currency. France revenue was $1.2 billion and was flat in constant currency, while Italy revenue rose 6% on a days-adjusted constant currency basis to $522 million.
Northern Europe revenue was $825 million, up 2% on an organic constant currency basis. McGinnis said the region was profitable in the quarter, with operating unit profit of $2 million, reflecting improvement from actions taken in previous quarters. The U.K. returned to growth, with revenue up 2% on a days-adjusted constant currency basis.
Asia-Pacific Middle East revenue was $519 million, up 5% in constant currency. Japan, the largest market in the segment, grew 4% on a days-adjusted constant currency basis.
Gross Margin Stable Despite Mix Shifts Gross profit margin was 16.1% in the second quarter. McGinnis said staffing margin declined 60 basis points year over year, primarily due to business mix shifts, but improved from the 70-basis-point decline recorded in the first quarter. He also noted the sale of the higher-margin Jefferson Wells U.S. business affected staffing margin.
During the Q&A session, McGinnis said pricing remained “rational” and “very stable,” and said the company remained disciplined on pricing. He added that the company is seeing early signs of improvement in contingent demand in the U.S., particularly among smaller and midsize customers.
Permanent recruitment activity resulted in a 10-basis-point gross margin decline, but McGinnis said permanent recruitment crossed over to flat in the quarter overall. He said permanent recruitment represented 15.3% of gross profit in the quarter, roughly in line with the prior year.
Transformation Program and AI Initiatives Advance Prising said ManpowerGroup is making progress on its global strategic transformation program, which is expected to deliver $200 million in permanent cost savings in 2028. The company continues to expect restructuring and strategic transformation charges to average $10 million to $15 million per quarter through the end of the year.
The company also completed the sale of the Jefferson Wells U.S. business during the second quarter. Prising described the sale as part of a broader effort to prioritize investment and management attention on core, higher-return opportunities.
Frankiewicz said ManpowerGroup is using AI in two main areas: improving internal effectiveness and creating new commercial opportunities. She said AI-based sales tools are being used in many of the company’s largest markets and are on track to scale to nearly 70% of revenue by year-end.
The company is also expanding AI-powered screening and interviewing tools. Frankiewicz said those tools are on track to scale to 70% of revenue by year-end and are helping improve fill rates and time to hire. In response to an analyst question, she said early-in-the-funnel interview tools have produced a 67% decrease in time to fill after nine months of use.
Frankiewicz also highlighted partnerships with SoundHound AI and IBM watsonx Orchestrate. She said the company has begun converting SoundHound-related opportunities into customer engagements, with traction among healthcare clients. She also said Experis is working with IBM on Accelerate Workflow, which combines AI technology implementation, workforce transformation and specialized talent.
In the Q&A, Frankiewicz said partnership-driven revenue is expected to be between $50 million and $100 million this year, with nearly 100 qualified leads in the pipeline.
Third-Quarter Guidance Calls for Continued Growth For the third quarter of 2026, ManpowerGroup forecast EPS of $0.96 to $1.06, including an unfavorable foreign currency impact of $0.02 per share. The company expects organic days-adjusted constant currency revenue growth of 6% at the midpoint, continuing the second-quarter growth rate.
Gross profit margin is expected to be about 16% at the midpoint, reflecting the full-quarter impact of the Jefferson Wells disposition and current business mix. EBITDA margin is projected to rise 10 basis points year over year at the midpoint.
Prising said the company is encouraged by its second-quarter performance and expects momentum to continue in the second half of the year. He said commercial execution, improving demand and cost management are helping drive operating leverage and profitability.
About ManpowerGroup NYSE: MANManpowerGroup NYSE: MAN is a global leader in workforce solutions, offering a broad spectrum of staffing and talent management services. Founded in 1948 and headquartered in Milwaukee, Wisconsin, the company has grown from a temporary staffing firm to a diversified provider of workforce consultancy, recruitment, and outsourcing services. ManpowerGroup is publicly traded on the New York Stock Exchange under the ticker MAN.
The company's service offerings are organized into four principal brands.
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected].
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U.S. stocks were mixed, with the Nasdaq Composite falling around 150 points on Thursday.
Abbott Laboratories posted quarterly adjusted EPS of $1.31, beating market estimates of $1.28. The company’s quarterly sales came in at $12.593 billion versus expectations of $12.497 billion.
Abbott shares jumped 12.1% to $100.07 on Thursday.
Here are some other big stocks recording gains in today’s session.
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For the quarter ended June 2026, ManpowerGroup (MAN - Free Report) reported revenue of $4.86 billion, up 7.5% over the same period last year. EPS came in at $0.99, compared to $0.78 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $4.68 billion, representing a surprise of +3.76%. The company delivered an EPS surprise of +3.13%, with the consensus EPS estimate being $0.96.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Manpower performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Revenues from Services- Northern Europe: $825.5 million compared to the $791.7 million average estimate based on three analysts. The reported number represents a change of +3.9% year over year.Revenues from Services- Southern Europe: $2.31 billion compared to the $2.26 billion average estimate based on three analysts. The reported number represents a change of +7.4% year over year.Revenues from Services- Americas: $1.21 billion compared to the $1.14 billion average estimate based on three analysts. The reported number represents a change of +14.4% year over year.Revenues from Services- APME: $518.7 million compared to the $526.4 million average estimate based on three analysts. The reported number represents a change of -1.3% year over year.Revenues from Services- Southern Europe- Other Southern Europe: $609.2 million versus $549.02 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +16.2% change.Revenues from Services- Southern Europe- France: $1.18 billion compared to the $1.21 billion average estimate based on two analysts. The reported number represents a change of +2.5% year over year.Revenues from Services- Americas- Other Americas: $498 million versus the two-analyst average estimate of $458.06 million. The reported number represents a year-over-year change of +29.1%.Revenues from Services- Americas- United States: $714.3 million versus $675.28 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +6% change.Revenues from Services- Southern Europe- Italy: $521.9 million versus $505.07 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +9.7% change.Revenues from Services- Intercompany Eliminations: $-5 million compared to the $-7.11 million average estimate based on two analysts. The reported number represents a change of -48.5% year over year.Operating Unit Profit- Corporate expenses: $-53.9 million versus $-41.39 million estimated by two analysts on average.View all Key Company Metrics for Manpower here>>>
Shares of Manpower have returned +13.8% over the past month versus the Zacks S&P 500 composite's +0.5% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
Revenues of $4.9 billion (+8% as reported, +6% constant currency) Strong demand in United States, Latin America, APME and in select European countries including Italy, Spain, Poland and Norway Manpower had very strong revenue growth in the quarter. Experis revenue trends improved from previous quarters driven by the United States. Talent Solutions revenue trends also improved sequentially driven by RPO with ongoing solid MSP growth. Gross Profit growth combined with SG&A reductions generated meaningful growth in profitability year over year Sale of Jefferson Wells U.S. business for $100 million generating net cash proceeds of $88 million , /PRNewswire/ -- ManpowerGroup (NYSE: MAN) today reported net earnings of $1.13 per diluted share for the three months ended June 30, 2026 compared to net losses of $1.44 per diluted share in the prior year period. Net earnings in the quarter were $53.5 million compared to net losses of $67.1 million a year earlier. Revenues for the second quarter were $4.9 billion, an 8% increase from the prior year period.
The current year quarter included the sale of our Jefferson Wells U.S. business, strategic transformation program costs, restructuring costs, and a discontinued business liquidation charge which, in aggregate, positively impacted earnings per share by $0.14 in the second quarter. Excluding these items, earnings per share was $0.99 per diluted share in the quarter representing an increase of 27% in constant currency in the second quarter of 2026.1
Financial results in the quarter were also impacted by the U.S. dollar relative to foreign currencies compared to the prior year period. On a constant currency basis, revenues increased 6% compared to the prior year period.
Jonas Prising, ManpowerGroup Chair & CEO, said, "In the second quarter we delivered strong results with revenues ahead of expectations. Results reflect good execution across our brands and markets, continued cost discipline and improving demand. We are leveraging our scale and diversified platform and focusing commercial efforts on verticals that offer the greatest opportunities to win and capture share. We saw very strong growth in our Manpower brand and improving trends across Experis and Talent Solutions.
Throughout the quarter, we advanced our global strategic transformation program and expanded AI capabilities that improve productivity and unlock new higher-value solutions through critical strategic partnerships. Looking ahead, we maintain our view that 2026 represents an important inflection point for ManpowerGroup as we execute our transformation strategy and position the business for long-term durable profitable growth."
We anticipate diluted earnings per share in the third quarter will be between $0.96 and $1.06, which includes an estimated unfavorable currency impact of 2 cents and a 44% effective tax rate."
In conjunction with its second quarter earnings release, ManpowerGroup will broadcast its conference call live over the internet on July 16, 2026 at 7:30 a.m. Central time (8:30 a.m. Eastern time). Prepared remarks for the conference call, webcast details, presentation and recordings are included within the Investor Relations section of manpowergroup.com.
Supplemental financial information referenced in the conference call can be found at http://investor.manpowergroup.com/.
____________________
1
The prior year period included various adjustments which reduced earnings per share by $2.22 in the second quarter which are also excluded when determining the year over year adjusted trend.
About ManpowerGroup
ManpowerGroup® (NYSE: MAN), the leading global workforce solutions company, helps organizations transform in a fast-changing world of work by sourcing, assessing, developing, and managing the talent that enables them to win. We develop innovative solutions for hundreds of thousands of organizations every year, providing them with skilled talent while finding meaningful, sustainable employment for millions of people across a wide range of industries and skills. Our expert family of brands – Manpower, Experis, and Talent Solutions – creates substantially more value for candidates and clients across more than 70 countries and territories and has done so for more than 75 years. We are recognized consistently for our diversity – as a best place to work for Women, Inclusion, Equality, and Disability, and in 2026 ManpowerGroup was named one of the World's Most Ethical Companies for the 17th time – all confirming our position as the brand of choice for in-demand talent. For more information, visit www.manpowergroup.com.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Exchange Act of 1934, as amended, including statements regarding trends in labor demand and the future strengthening of such demand, the Company's financial outlook, and the Company's strategic initiatives and technology investments, including our ability to increase market share and the acceleration of transformation initiatives to remove structural costs from the organization to drive efficiencies, which are subject to risks and uncertainties. The Company's actual results may differ materially from those described or contemplated in the forward-looking statements due to numerous factors. These factors include those found in the Company's reports filed with the SEC, including the information under the heading "Risk Factors" in its Annual Report on Form 10-K for the year ended December 31, 2025, which information is incorporated herein by reference.
We caution that any forward-looking statement reflects only our belief at the time the statement is made. The Company assumes no obligation to update or revise any forward-looking statements. We reference certain non-GAAP financial measures, which we believe provide useful information for investors. We include a reconciliation of these measures, where appropriate, to GAAP on the Investor Relations section of our website at manpowergroup.com.
ManpowerGroup
Results of Operations
(In millions, except per share data)
Three Months Ended June 30
% Variance
Amount
Constant
2026
2025
Reported
Currency
(Unaudited)
Revenues from services (a)
$
4,860.2
$
4,519.3
7.5
%
5.8
%
Cost of services
4,079.9
3,755.6
8.6
%
6.8
%
Gross profit
780.3
763.7
2.2
%
0.7
%
Selling and administrative expenses,
excluding impairment charges
668.3
700.3
-4.6
%
-6.0
%
Impairment charges (b)
—
88.7
N/A
N/A
Selling and administrative expenses
668.3
789.0
-15.3
%
-16.6
%
Operating profit (loss)
112.0
(25.3)
N/A
N/A
Interest and other expenses, net
19.6
16.5
18.1
%
Earnings (loss) before income taxes
92.4
(41.8)
N/A
N/A
Provision for income taxes
38.9
25.3
54.2
%
Net earnings (loss)
$
53.5
$
(67.1)
N/A
N/A
Net earnings (loss) per share - basic
$
1.14
$
(1.44)
N/A
Net earnings (loss) per share - diluted
$
1.13
$
(1.44)
N/A
N/A
Weighted average shares - basic
46.9
46.5
0.8
%
Weighted average shares - diluted
47.4
46.5
2.0
%
(a)
Revenues from services include fees received from our franchise offices of $4.5 million and $4.4 million for the three months ended June 30, 2026 and 2025, respectively. These fees are primarily based on revenues generated by the franchise offices, which were $471.4 million and $428.7 million for the three months ended June 30, 2026 and 2025, respectively.
(b)
Impairment charges for the three months ended June 30, 2025 consist of a goodwill impairment related to our investments in Switzerland and the United Kingdom and an impairment of an indefinite lived intangible asset in our Switzerland business.
ManpowerGroup
Operating Unit Results
(In millions)
Three Months Ended June 30
% Variance
Amount
Constant
2026
2025
Reported
Currency
(Unaudited)
Revenues from Services:
Americas:
United States (a)
$
714.3
$
674.1
6.0
%
6.0
%
Other Americas
498.0
385.9
29.0
%
23.8
%
1,212.3
1,060.0
14.4
%
12.5
%
Southern Europe:
France
1,177.6
1,149.3
2.5
%
0.0
%
Italy
521.9
475.9
9.6
%
7.0
%
Other Southern Europe
609.2
524.1
16.2
%
9.9
%
2,308.7
2,149.3
7.4
%
4.0
%
Northern Europe
825.5
794.4
3.9
%
1.4
%
APME
518.7
525.3
-1.2
%
5.0
%
4,865.2
4,529.0
Intercompany Eliminations
(5.0)
(9.7)
$
4,860.2
$
4,519.3
7.5
%
5.8
%
Operating Unit Profit (Loss):
Americas:
United States
$
52.8
$
19.7
169.1
%
169.1
%
Other Americas
19.1
16.4
15.5
%
11.8
%
71.9
36.1
99.0
%
97.3
%
Southern Europe:
France
28.4
32.3
-12.0
%
-13.9
%
Italy
34.1
31.8
7.1
%
4.5
%
Other Southern Europe
12.6
9.2
38.1
%
25.0
%
75.1
73.3
2.5
%
-1.0
%
Northern Europe
2.0
(9.0)
N/A
N/A
APME
23.9
26.4
-9.0
%
0.2
%
172.9
126.8
Corporate expenses
(53.9)
(55.1)
Impairment charges (b)
—
(88.7)
Intangible asset amortization expense
(7.0)
(8.3)
Operating profit (loss)
112.0
(25.3)
N/A
N/A
Interest and other expenses, net (c)
(19.6)
(16.5)
Earnings (loss) before income taxes
$
92.4
$
(41.8)
(a)
In the United States, revenues from services include fees received from our franchise offices of $2.7 million and $2.6 million for the three months ended June 30, 2026 and 2025, respectively. These fees are primarily based on revenues generated by the franchise offices, which were $93.5 million and $87.1 million for the three months ended June 30, 2026 and 2025, respectively.
(b)
Impairment charges for the three months ended June 30, 2025 consist of a goodwill impairment related to our investments in Switzerland and the United Kingdom and an impairment of an indefinite lived intangible asset in our Switzerland business.
(c)
The components of interest and other expenses, net were:
2026
2025
Interest expense
$
23.8
$
26.0
Interest income
(4.8)
(8.2)
Foreign exchange loss
1.7
1.3
Miscellaneous income, net
(1.1)
(2.6)
$
19.6
$
16.5
ManpowerGroup
Results of Operations
(In millions, except per share data)
Six Months Ended June 30
% Variance
Amount
Constant
2026
2025
Reported
Currency
(Unaudited)
Revenues from services (a)
$
9,370.6
$
8,609.6
8.8
%
4.4
%
Cost of services
7,867.3
7,147.6
10.1
%
5.5
%
Gross profit
1,503.3
1,462.0
2.8
%
-1.0
%
Selling and administrative expenses,
excluding impairment charges
1,363.0
1,370.4
-0.5
%
-4.1
%
Impairment charges (b)
—
88.7
N/A
N/A
Selling and administrative expenses
1,363.0
1,459.1
-6.6
%
-10.0
%
Operating profit
140.3
2.9
4702.9
%
4487.8
%
Interest and other expenses, net
32.5
28.0
16.1
%
Earnings (loss) before income taxes
107.8
(25.1)
N/A
N/A
Provision for income taxes
51.8
36.4
42.2
%
Net earnings (loss)
$
56.0
$
(61.5)
N/A
N/A
Net earnings (loss) per share - basic
$
1.20
$
(1.32)
N/A
Net earnings (loss) per share - diluted
$
1.19
$
(1.32)
N/A
N/A
Weighted average shares - basic
46.8
46.7
0.2
%
Weighted average shares - diluted
47.2
46.7
1.2
%
(a)
Revenues from services include fees received from our franchise offices of $8.3 million and $8.2 million for the six months ended June 30, 2026 and 2025, respectively. These fees are primarily based on revenues generated by the franchise offices, which were $925.7 million and $847.1 million for the six months ended June 30, 2026 and 2025, respectively.
(b)
Impairment charges for the six months ended June 30, 2025 consist of a goodwill impairment related to our investments in Switzerland and the United Kingdom and an impairment of an indefinite lived intangible asset in our Switzerland business.
ManpowerGroup
Operating Unit Results
(In millions)
Six Months Ended June 30
% Variance
Amount
Constant
2026
2025
Reported
Currency
(Unaudited)
Revenues from Services:
Americas:
United States (a)
$
1,369.2
$
1,362.9
0.5
%
0.5
%
Other Americas
958.7
753.8
27.2
%
21.6
%
2,327.9
2,116.7
10.0
%
8.0
%
Southern Europe:
France
2,246.2
2,115.0
6.2
%
-0.1
%
Italy
996.6
873.7
14.1
%
7.2
%
Other Southern Europe
1,167.2
994.6
17.4
%
8.1
%
4,410.0
3,983.3
10.7
%
3.5
%
Northern Europe
1,615.6
1,525.2
5.9
%
-0.1
%
APME
1,029.2
1,001.7
2.8
%
6.5
%
9,382.7
8,626.9
Intercompany Eliminations
(12.1)
(17.3)
9,370.6
8,609.6
8.8
%
4.4
%
Operating Unit Profit (Loss):
Americas:
United States
$
54.9
$
31.0
77.2
%
77.2
%
Other Americas
36.1
30.6
18.0
%
13.0
%
91.0
61.6
47.8
%
45.3
%
Southern Europe:
France
45.5
53.3
-14.6
%
-18.3
%
Italy
62.8
56.4
11.2
%
4.9
%
Other Southern Europe
21.0
13.8
53.1
%
37.9
%
129.3
123.5
4.8
%
-1.4
%
Northern Europe
(6.2)
(27.3)
77.2
%
82.4
%
APME
45.6
46.4
-1.8
%
5.1
%
259.7
204.2
Corporate expenses
(105.4)
(96.2)
Impairment charges (b)
—
(88.7)
Intangible asset amortization expense
(14.0)
(16.4)
Operating profit
140.3
2.9
4702.9
%
4487.8
%
Interest and other expenses, net (c)
(32.5)
(28.0)
Earnings (loss) before income taxes
$
107.8
$
(25.1)
(a)
In the United States, revenues from services include fees received from our franchise offices of $5.1 million and $4.8 million for the six months ended June 30, 2026 and 2025, respectively. These fees are primarily based on revenues generated by the franchise offices, which were $171.9 million and $164.0 million for the six months ended June 30, 2026 and 2025, respectively.
(b)
Impairment charges for the six months ended June 30, 2025 consist of a goodwill impairment related to our investments in Switzerland and the United Kingdom and an impairment of an indefinite lived intangible asset in our Switzerland business.
(c)
The components of interest and other expenses, net were:
2026
2025
Interest expense
$
49.5
$
48.5
Interest income
(10.9)
(15.1)
Foreign exchange loss
2.3
2.2
Miscellaneous income, net
(8.4)
(7.6)
$
32.5
$
28.0
ManpowerGroup
Consolidated Balance Sheets
(In millions)
June 30,
December 31,
2026
2025
(Unaudited)
ASSETS
Current assets:
Cash and cash equivalents
$
180.6
$
871.0
Accounts receivable, net
4,733.8
4,770.3
Prepaid expenses and other assets
217.0
149.1
Total current assets
5,131.4
5,790.4
Other assets:
Goodwill
1,483.4
1,544.6
Intangible assets, net
415.7
430.1
Operating lease right-of-use assets
360.8
392.7
Other assets
868.5
879.1
Total other assets
3,128.4
3,246.5
Property and equipment:
Land, buildings, leasehold improvements and equipment
522.0
526.9
Less: accumulated depreciation and amortization
406.9
403.7
Net property and equipment
115.1
123.2
Total assets
$
8,374.9
$
9,160.1
LIABILITIES AND SHAREHOLDERS' EQUITY
Current liabilities:
Accounts payable
$
2,593.7
$
2,721.1
Employee compensation payable
216.3
232.3
Accrued payroll taxes and insurance
668.8
672.1
Accrued liabilities
452.1
457.6
Value added taxes payable
410.1
418.1
Short-term operating lease liability
102.2
107.4
Short-term borrowings and current maturities of long-term debt
476.2
625.0
Total current liabilities
4,919.4
5,233.6
Other liabilities:
Long-term debt
567.3
1,052.1
Long-term operating lease liability
274.3
304.3
Other long-term liabilities
507.5
509.8
Total other liabilities
1,349.1
1,866.2
Shareholders' equity:
ManpowerGroup shareholders' equity
Common stock
1.2
1.2
Capital in excess of par value
3,585.8
3,572.5
Retained earnings
3,754.8
3,732.3
Accumulated other comprehensive loss
(399.1)
(412.1)
Treasury stock, at cost
(4,836.4)
(4,834.3)
Total ManpowerGroup shareholders' equity
2,106.3
2,059.6
Noncontrolling interests
0.1
0.7
Total shareholders' equity
2,106.4
2,060.3
Total liabilities and shareholders' equity
$
8,374.9
$
9,160.1
ManpowerGroup
Consolidated Statements of Cash Flows
(In millions)
Six Months Ended
June 30,
2026
2025
(Unaudited)
Cash Flows from Operating Activities:
Net earnings (Loss)
$
56.0
$
(61.5)
Adjustments to reconcile net earnings to net cash used in operating activities:
Depreciation and amortization
41.7
43.4
(Gain) Loss on sales of subsidiaries, net
(24.5)
6.2
Non-cash impairment of goodwill and other intangible assets
—
88.7
Deferred income taxes
9.3
4.5
Provision for credit losses
5.4
1.9
Share-based compensation
13.6
15.3
Changes in operating assets and liabilities:
Accounts receivable
(49.2)
7.9
Other assets
(91.9)
(92.4)
Accounts payable
(89.9)
(209.6)
Other liabilities
0.5
(147.2)
Cash used in operating activities
(129.0)
(342.8)
Cash Flows from Investing Activities:
Capital expenditures
(14.8)
(31.3)
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
0.7
0.4
Cash provided by (used in) investing activities
73.4
(34.0)
Cash Flows from Financing Activities:
Net change in short-term borrowings
(16.9)
67.1
Net proceeds from revolving debt facility
—
136.0
Proceeds from long-term debt
3.3
0.1
Repayments of long-term debt
(585.8)
(0.4)
Payments of contingent consideration for acquisition
Wall Street analysts expect ManpowerGroup (MAN - Free Report) to post quarterly earnings of $0.96 per share in its upcoming report, which indicates a year-over-year increase of 23.1%. Revenues are expected to be $4.68 billion, up 3.7% from the year-ago quarter.
The current level reflects no revision in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.
Before a company reveals its earnings, it is vital to take into account any changes in earnings projections. These revisions play a pivotal role in predicting the possible reactions of investors toward the stock. Multiple empirical studies have consistently shown a strong association between trends in earnings estimates and the short-term price movements of a stock.
While investors typically use consensus earnings and revenue estimates as a yardstick to evaluate the company's quarterly performance, scrutinizing analysts' projections for some of the company's key metrics can offer a more comprehensive perspective.
With that in mind, let's delve into the average projections of some Manpower metrics that are commonly tracked and projected by analysts on Wall Street.
The combined assessment of analysts suggests that 'Revenues from Services- Americas' will likely reach $1.14 billion. The estimate points to a change of +7.5% from the year-ago quarter.
It is projected by analysts that the 'Revenues from Services- APME' will reach $526.40 million. The estimate indicates a change of +0.2% from the prior-year quarter.
The collective assessment of analysts points to an estimated 'Revenues from Services- Southern Europe' of $2.26 billion. The estimate suggests a change of +5.3% year over year.
According to the collective judgment of analysts, 'Revenues from Services- Northern Europe' should come in at $791.70 million. The estimate indicates a year-over-year change of -0.3%.
Analysts forecast 'Revenues from Services- Southern Europe- Other Southern Europe' to reach $549.02 million. The estimate suggests a change of +4.8% year over year.
The consensus estimate for 'Revenues from Services- Southern Europe- France' stands at $1.21 billion. The estimate points to a change of +4.9% from the year-ago quarter.
The average prediction of analysts places 'Revenues from Services- Americas- United States' at $675.28 million. The estimate indicates a change of +0.2% from the prior-year quarter.
Analysts' assessment points toward 'Revenues from Services- Americas- Other Americas' reaching $458.06 million. The estimate indicates a year-over-year change of +18.7%.
The consensus among analysts is that 'Revenues from Services- Southern Europe- Italy' will reach $505.07 million. The estimate indicates a change of +6.1% from the prior-year quarter.
Analysts predict that the 'Operating Unit Profit- Americas' will reach $38.40 million. The estimate compares to the year-ago value of $36.10 million.
Based on the collective assessment of analysts, 'Operating Unit Profit- APME' should arrive at $26.18 million. The estimate compares to the year-ago value of $26.40 million.
Analysts expect 'Operating Unit Profit- Southern Europe' to come in at $82.05 million. The estimate is in contrast to the year-ago figure of $73.30 million.
View all Key Company Metrics for Manpower here>>>
Over the past month, shares of Manpower have returned +13.9% versus the Zacks S&P 500 composite's +4.3% change. Currently, MAN carries a Zacks Rank #3 (Hold), suggesting that its performance may align with the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
ManpowerGroup Inc. (NYSE:MAN) will release its second quarter earnings report before the opening bell on Thursday, July 16.
Analysts expect the Milwaukee, Wisconsin-based company to report quarterly earnings of 95 cents per share, up from 78 cents per share in the year-ago period. The consensus estimate for ManpowerGroup’s quarterly revenue is $4.73 billion. It reported $4.52 billion last year, according to Benzinga Pro.
On May 8, ManpowerGroup declared a semi-annual dividend of 72 cents per share.
ManpowerGroup shares fell 1% to close at $37.47 on Thursday.
Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.
Let’s have a look at how Benzinga’s most-accurate analysts have rated the company in the recent period.
Considering buying MAN stock? Here’s what analysts think:
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Key Takeaways ManpowerGroup shares gained 18.5% over the past month, outperforming the industry's 8.3% growth.MAN is benefiting from AI-driven workforce demand, digital partnerships and productivity investments.MAN faces foreign exchange exposure and intense competition that could pressure margins and results. Shares of ManpowerGroup (MAN - Free Report) have had an excellent run over the past month. The stock has gained 18.5%, outperforming the industry’s 8.3% growth. The Zacks S&P 500 composite has returned 1.5% over the said time frame.
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MAN’s second-quarter 2026 earnings are expected to increase 23.1% year over year. Its 2026 and 2027 earnings are projected to rise 23.2% and 34.4%, respectively. Revenues are anticipated to grow 4.6% in 2026 and 4.3% in 2027.
Factors That Bode Well for MANManpowerGroup provides comprehensive workforce solutions and services globally. This helps organizations with recruitment, training, outsourcing and consulting services. The company is benefiting from the widening AI skills gap and declining worker confidence, as businesses are urgently seeking external partners to reskill their teams and navigate rapid tech adoption. Rising automation concerns further increase demand for MAN’s upskilling and career transition solutions, supporting long-term revenue growth.
MAN drives productivity by balancing strict cost control and strategic pricing with targeted investments in operational technology. The company has rolled out cloud-based and mobile apps, upgraded front-office systems and enhanced global tech infrastructure across key markets.
The company continues to digitalize its business through advanced technology and partnerships with tech firms. It expanded its PowerSuite platform through a partnership with hubert.ai, enabling AI-powered candidate screening and interviews to reduce screening time while maintaining candidate satisfaction. ManpowerGroup’s recently announced partnership with SoundHound AI is helping its Experis division to redesign clients' workflows and accelerate enterprise AI adoption through its new Accelerate AI Services offering.
MAN consistently rewards its shareholders through dividends and share repurchases. In fiscal 2023, 2024 and 2025, the company repurchased shares worth $179.8 million, $140 million and $38 million, respectively, while paying out $144.3 million, $145.8 million and $66.7 million, respectively, in dividends. Such moves instill investor confidence in its stock and enhance shareholder value.
Risks to WatchManpowerGroup's global presence leaves it exposed to foreign currency exchange rate fluctuations. The company earned nearly 85% of its revenues from outside the United States in 2025, the majority of which were generated in Europe. Any fluctuation in the value of the U.S. dollar against other currencies will have a significant impact on the company’s bottom line.
Stiff competition from several players in a highly competitive employment services industry also affects MAN’s financial performance. This competition can limit pricing power, increase operational expenses and potentially reduce market share. As a result, the company must balance competitive pricing strategies with the need to maintain healthy profit margins.
ManpowerGroup currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here
Stocks to ConsiderA couple of better-ranked stocks in the broader Zacks Business Services sector are Veralto Corporation (VLTO - Free Report) and Corpay, Inc. (CPAY - Free Report) .
Veralto Corporation carries a Zacks Rank #2 (Buy) at present. It has a long-term earnings growth expectation of 8.4%. VLTO delivered a trailing four-quarter earnings surprise of 4.9%, on average.
Corpay, Inc. also holds a Zacks Rank of 2 at present. It has a long-term earnings growth expectation of 14.3%. CPAY's earnings beat estimates in three of the last four reported quarters, while matching once, with the surprise being 6.3%, on average.
, /PRNewswire/ -- ManpowerGroup (NYSE: MAN), the world leader in innovative workforce solutions, today announced that it plans to release 2nd quarter earnings results before the market opens on Thursday, July 16, 2026. Management will discuss the results the same day in a live webcast at 7:30 a.m. Central Time (8:30 a.m. Eastern Time), which can be accessed on the company's website.
The webcast will be available for replay at the same URL beginning at 10:30 a.m. Central Time (11:30 a.m. Eastern Time) on July 16, 2026. The replay will remain available for 30 days in this location. Supplemental financial information referenced in the webcast and the text of the 2nd quarter press release can be found on the company's website, in the sections titled "Financial Measures" and "News & Events," after 7:30 a.m. Central Time on July 16, 2026.
ABOUT MANPOWERGROUP
ManpowerGroup® (NYSE: MAN), the leading global workforce solutions company, helps organizations transform in a fast-changing world of work by sourcing, assessing, developing, and managing the talent that enables them to win. We develop innovative solutions for hundreds of thousands of organizations every year, providing them with skilled talent while finding meaningful, sustainable employment for millions of people across a wide range of industries and skills. Our expert family of brands – Manpower, Experis, and Talent Solutions – creates substantially more value for candidates and clients across more than 70 countries and territories and has done so for more than 75 years. We are recognized consistently as a best place to work for Women, Inclusion, Equality, and Disability, and in 2026 ManpowerGroup was named one of the World's Most Ethical Companies for the 17th time; all confirming our position as the brand of choice for in-demand talent.
ManpowerGroup delegation to bring workforce expertise and labor market insights to Summer Davos, where leaders will convene around "Innovating at Scale"
, /PRNewswire/ -- ManpowerGroup, (NYSE: MAN) a global leader in workforce solutions, announced today that Chair and Chief Executive Officer Jonas Prising will co-chair the World Economic Forum's Annual Meeting of the New Champions (AMNC) 2026 in Dalian, China, June 23 – 25. Known as Summer Davos, the meeting brings together leaders from business, government, academia, and civil society to discuss entrepreneurship, innovation, and economic growth. This year's theme, "Innovating at Scale," will focus on translating technological breakthroughs into broad-based economic benefit.
AI is reshaping work. Fast. Skills are evolving. Roles, workflows, and teams are being redefined. The organizations that lead tomorrow will be the ones redesigning work today, before disruption becomes reality. That’s why ManpowerGroup will be at the World Economic Forum’s Annual Meeting of the New Champions 2026, taking place June 23–25 in Dalian, China. "The organizations that will lead in the AI era are not necessarily those with the most advanced technology. They will be those that can translate technological progress into human progress," said Prising. "That requires more than deployment. It requires the clarity, the skills investment, and the leadership that help people move forward with confidence, and it is the central challenge we will be focused on this week in Dalian."
Prising will participate in a panel titled "AI Everywhere, Not at Once" on Tuesday, June 23. The livestreamed session will examine the gap between AI deployment and measurable business impact, including how organizations are scaling AI, redesigning work, and building workforce readiness. Other participants include Xue Lan, Dean of Schwarzman College at Tsinghua University; Feng Junlan, Chief Scientist of China Mobile; and Roli Agrawal, Chief Strategy Officer at NTT Data. The session will be moderated by Stephen Engle, Chief North Asia Correspondent for Bloomberg Television.
ManpowerGroup Delegation at AMNC 2026
In addition to Prising, ManpowerGroup is represented in Dalian by senior global and regional leaders spanning workforce strategy, talent solutions, and labor market intelligence across the Asia Pacific and Middle East region:
François Lançon, Regional President, Asia Pacific and Middle East, ManpowerGroup Filip Rideau, Regional Head of Growth & Franchise, Asia Pacific and Middle East, ManpowerGroup Sam Haggag, Head of Manpower & Director of Sales, Asia Pacific and Middle East, ManpowerGroup Lancy Chui, Senior Vice President, ManpowerGroup China Okjin (OJ) Kim, CEO, Manpower Korea Supporting Research
ManpowerGroup arrives in Dalian with a body of recent research directly relevant to the meeting's themes, including:
Experis CIO Outlook 2026: Drawing on responses from 1,930 technology leaders across 12 countries, the report finds business-IT alignment has overtaken cybersecurity as the top CIO priority for the first time, as leaders face mounting pressure to prove the business value of AI investments. ManpowerGroup Employment Outlook Survey, Q3 2026: Based on interviews with more than 40,500 employers across 42 countries, the survey finds global hiring momentum steady year-over-year with a 26% Net Employment Outlook, even as economic uncertainty weighs on quarter-over-quarter confidence. China posts a 33% NEO, above the global average, with a nine-point year-over-year improvement. For more information and to follow ManpowerGroup at the Annual Meeting of the New Champions, visit manpowergroup.com/insights/amnc.
ABOUT MANPOWERGROUP
ManpowerGroup® (NYSE: MAN), the leading global workforce solutions company, helps organizations transform in a fast-changing world of work by sourcing, assessing, developing, and managing the talent that enables them to win. We develop innovative solutions for hundreds of thousands of organizations every year, providing them with skilled talent while finding meaningful, sustainable employment for millions of people across a wide range of industries and skills. Our expert family of brands – Manpower, Experis, and Talent Solutions – creates substantially more value for candidates and clients across more than 70 countries and territories and has done so for more than 75 years. We are recognized consistently as a best place to work for Women, Inclusion, Equality, and Disability, and in 2026 ManpowerGroup was named one of the World's Most Ethical Companies for the 17th time; all confirming our position as the brand of choice for in-demand talent.
For more information, visit www.manpowergroup.com, or follow us on LinkedIn, Facebook, and Bluesky.
New research commissioned by ManpowerGroup Talent Solutions finds that fragmented workflows, governance gaps, and AI-assisted candidate behavior are blocking transformation even as adoption reaches near-universal levels.
, /PRNewswire/ -- More than 90% of organizations have deployed AI in talent acquisition, yet fewer than 5% report transformational outcomes. That gap is the central finding of The New Talent Equation: Building Better Talent Decisions, a new report commissioned by ManpowerGroup Talent Solutions and developed by Everest Group. The research examines why AI adoption in hiring has scaled rapidly, while its impact on how organizations make talent decisions continues to lag.
"The New Talent Equation: Building Better Talent Decisions" examines why AI adoption in hiring has scaled rapidly, while its impact on how organizations make talent decisions continues to lag.
"The New Talent Equation: Building Better Talent Decisions Nearly 54% of organizations report that AI-assisted candidate behavior is making it harder to accurately assess true candidate capability. And while 39% report significant impact, it remains largely limited to operational efficiency—not better hiring decisions.
"The New Talent Equation: Building Better Talent Decisions" finds that nearly 54% of organizations report that AI-assisted candidate behavior is making it harder to accurately assess true candidate capability. And while 39% report significant impact, it remains largely limited to operational efficiency—not better hiring decisions.
The report, the first in a two-part series, draws on a survey of 80 C-suite, CHRO, and senior talent acquisition leaders across the United States and the United Kingdom, spanning healthcare, life sciences, manufacturing, and technology. The findings were featured at VivaTech 2026 in Paris, where Talent Solutions executives joined global business leaders to discuss the shifting dynamics of AI-driven workforce strategy.
"AI is not transforming talent evenly, it is exposing it," said Caroline Pfeiffer Marinho, Global Senior Vice President, Talent Solutions RPO and Right Management. "While adoption is widespread, the ability to translate that into meaningful outcomes is far less consistent. What the research makes clear is that the constraint is no longer access to AI tools. It is how talent operations are designed around them. The organizations that move from deploying AI to redesigning how work gets done will be the ones that pull ahead."
"The conversation around AI transformation has largely focused on technology adoption. The research suggests the more significant challenge lies elsewhere," Sailesh Hota, Vice President, Everest Group, said. "As AI becomes embedded into workflows and decisions, organizations are discovering that adapting workforce models, leadership practices, and operating structures is proving equally important."
AI Adoption Has Scaled. Impact Has Not.
The research documents a significant and growing gap between AI's widespread deployment and its realized business value. More than 90% of organizations surveyed report active AI use in talent acquisition, concentrated in sourcing, resume screening, and candidate engagement. Yet fewer than 5% describe their outcomes as transformational across any key metric.
Thirty-nine percent of organizations report significant impact on operational efficiency — the clearest area of measurable gain. Improvements in decision quality, workforce agility, and strategic capacity remain limited, with moderate outcomes dominating across nearly every dimension the research examined.
The research identifies a core structural reason: most organizations are layering AI onto workflows built for a pre-AI environment. Isolated tools, siloed data, and outdated hiring processes are preventing AI from generating cumulative value across the full hiring lifecycle.
Key Findings
Adoption is outpacing transformation. More than 90% of organizations have deployed AI in talent acquisition, but the vast majority remain in early maturity stages; automating tasks without rethinking how hiring decisions actually work. Fragmented systems are the primary constraint. Organizations cite change management and adoption challenges (58%), governance and compliance concerns (55%), and data readiness limitations (55%) as the top barriers to scaling AI. Most deployments continue to operate within isolated use cases rather than integrated, end-to-end talent workflows. AI is creating a new signal problem in hiring. Nearly 54% of organizations report that AI-assisted candidate behavior, AI-generated resumes, applications, and interview preparation, is making it harder to accurately assess true candidate capability. Hiring managers are finding it increasingly difficult to distinguish between a genuinely skilled candidate and one who simply used AI to polish their application. Quick wins are crowding out transformation. Nearly 72% of organizations report achieving expected AI outcomes within two years, with 26% realizing value in under a year. But the research finds this speed comes at a cost: organizations are prioritizing near-term, measurable gains over the deeper workflow redesign and governance investment required for lasting impact. The result is faster hiring processes, but not smarter hiring decisions. The path forward is redesign, not more deployment. The research outlines a four-stage roadmap — from rationalization through adoption, enablement, and transformation — and identifies the foundational investments in data integration, governance, and operating model alignment required to move organizations across it. The New Talent Equation: Building Better Talent Decisions is available now at mpgtalentsolutions.com/the-new-talent-equation. Part II of the series examines the human side of AI transformation, including workforce readiness, leadership capability, and how organizations can move beyond isolated deployments to redesign how work gets done, and will be released soon.
ABOUT MANPOWERGROUP TALENT SOLUTIONS
Talent Solutions combines RPO, TAPFIN-MSP, and Right Management to deliver end-to-end, data-driven capabilities across the talent lifecycle. Drawing on deep industry expertise and a genuine understanding of what talent wants, we help organizations address complex workforce needs, from attraction and acquisition to upskilling, development, and retention. Through seamless delivery, best-in-class technology, and extensive workforce insights, we serve clients across multiple countries and at scale. Talent Solutions is part of the ManpowerGroup® (NYSE: MAN) family of brands, which also includes Manpower and Experis.
For more information, visit www.mpgtalentsolutions.com, or follow us on LinkedIn.
Latest Experis Tech Talent Outlook reveals a shifting market; overall hiring plans soften by seven points quarter-over-quarter, but demand for AI literacy and communication skills anchors Q3 priorities.
, /PRNewswire/ -- As global tech hiring cools from a strong second quarter, employers remain focused on the skills that matter most: AI capabilities and the human expertise to deploy them effectively. More than 4,000 Tech & IT Services employers across 42 countries report a global Net Employment Outlook (NEO) of 35% for Q3 2026 (July–September), according to the latest Tech Talent Outlook from Experis, part of the ManpowerGroup family of brands.
More than 4,000 Tech & IT Services employers across 42 countries report a global Net Employment Outlook (NEO) of 35% for Q3 2026 (July–September), according to the latest Tech Talent Outlook from Experis. While hiring plans remain positive, the result represents a seven-point cooling from the previous quarter and a one-point dip year-over-year, signaling a shift toward more deliberate, skills-focused team expansion. Fifty percent of employers plan to add staff in Q3, while 33% plan to maintain current levels. Globally, Puerto Rico (68%), Brazil (53%), and the United Kingdom (51%) post the strongest Outlooks. In the United States, the Q3 tech-sector NEO stands at 47%, above the global average and reflecting continued confidence in tech hiring among U.S. employers.
"The Q3 data reflects a tech labor market that is being deliberate, not retreating, with global hiring intentions virtually unchanged from a year ago," said Kye Mitchell, President of Experis U.S. "Talent has become the limiting factor in technology transformation. The organizations that will win in the AI era are not necessarily the ones investing the most in technology; they will be the ones that build, buy, and develop talent faster than their competitors. In the U.S. and globally, the biggest challenge is no longer the technology itself. It's helping people and processes evolve alongside it."
Key Global Findings
Hiring Picture: 50% of the more than 4,000 tech employers surveyed across 42 countries plan to add staff in Q3, while 15% anticipate a decrease and 33% expect to keep workforce levels steady, resulting in a seasonally adjusted NEO of 35%. Top Technical Skills in Demand: AI Modeling & App Development is the most sought-after technical capability (34%), followed by AI Literacy (30%) and Traditional IT & Data (29%). Top Human Skills in Demand: Communication, Collaboration & Teamwork ranks as the most critical human skill (41%), followed by Professionalism & Work Ethic (37%) and Adaptability & Willingness to Learn (34%). Responding to Scarcity: 95% of employers are deploying a mix of strategies to address ongoing shortages. The most common actions are upskilling and reskilling current employees (30%), offering greater work location flexibility (24%), and increasing wages (22%). Regional Highlights
Tech hiring expectations vary significantly across geographies, with some markets holding strong while others show continued caution.
The Americas
Puerto Rico leads all countries globally with a Q3 NEO of 68%, up 45 points year-over-year, followed by Brazil (53%) and the United States (47%). Panama (-1%) is the only Americas market to report a negative Outlook. Asia Pacific
Vietnam (50%) and India (47%) reflect robust demand for tech and IT talent, with Australia (33%) and China (39%) posting moderate but positive Outlooks. Hong Kong (-10%) reports the weakest Outlook in the region, reflecting ongoing economic caution. Europe and the Middle East
The United Kingdom leads the region at 51%, up four points year-over-year, followed by Israel (42%) and Czech Republic (40%), which posted a quarter-over-quarter gain of +27 points. Romania (-11%) and Slovakia (-10%) report the weakest Outlooks globally, reflecting continued economic caution across parts of Central and Eastern Europe. To view the full Q3 2026 Experis Tech Talent Outlook, including detailed global findings, visit www.experis.com/en/tech-talent-outlook.
The next report, covering Q4 2026 hiring expectations, will be released in September 2026.
ABOUT THE EXPERIS TECH TALENT OUTLOOK
This research is based on results from the ManpowerGroup Employment Outlook Survey — the longest running, most comprehensive, forward-looking employment survey of its kind, used globally as a key labor market indicator. ManpowerGroup interviewed 4,497 Tech & IT Services employers across 42 countries on hiring intentions for the third quarter of 2026.
SURVEY METHODOLOGY
Survey responses were collected from April 1–30, 2026. Size of organization and sector are standardized across all countries and territories to allow international comparisons.
ABOUT THE TALENT SHORTAGE SURVEY
ManpowerGroup's 2026 Talent Shortage Survey interviewed 39,063 employers across 41 countries to understand global hiring challenges and skills gaps. The fieldwork was completed in all markets between October 1 – 31, 2025.
ABOUT EXPERIS
Experis®, a global leader in technology services, provides the experience and expertise to shorten the distance between innovation and business impact in a digital world. Experis is guided by the principle that only human ingenuity can unlock the true potential of advanced technologies like AI. For clients, Experis offers the right mix of talent and technology to accelerate progress and deliver real-world results. For individuals, Experis has the insight, size, and scale to help tech professionals expand their skills, increase their value, and find the right opportunities. By matching talent to technology in transformative ways, Experis creates brighter futures for everyone. Experis is part of the ManpowerGroup® (NYSE: MAN) family of brands, which also includes Manpower and Talent Solutions.
For more information, visit www.experis.com, or follow us on LinkedIn.
ABOUT MANPOWERGROUP
ManpowerGroup® (NYSE: MAN), the leading global workforce solutions company, helps organizations transform in a fast-changing world of work by sourcing, assessing, developing, and managing the talent that enables them to win. We develop innovative solutions for hundreds of thousands of organizations every year, providing them with skilled talent while finding meaningful, sustainable employment for millions of people across a wide range of industries and skills. Our expert family of brands – Manpower, Experis, and Talent Solutions – creates substantially more value for candidates and clients across more than 70 countries and territories and has done so for more than 75 years. We are recognized consistently as a best place to work for Women, Inclusion, Equality, and Disability, and in 2026 ManpowerGroup was named one of the World's Most Ethical Companies for the 17th time; all confirming our position as the brand of choice for in-demand talent.
For more information, visit www.manpowergroup.com, or follow us on LinkedIn, Facebook, and Bluesky.
FORWARD-LOOKING STATEMENTS
This report contains forward-looking statements, including statements regarding labor demand in certain regions, countries and industries, and economic uncertainty. Actual events or results may differ materially from those contained in the forward-looking statements, due to risks, uncertainties and assumptions. These factors include those found in the Company's reports filed with the U.S. Securities and Exchange Commission (SEC), including the information under the heading "Risk Factors" in its Annual Report on Form 10-K for the year ended December 31, 2025, whose information is incorporated herein by reference. ManpowerGroup disclaims any obligation to update any forward-looking or other statements in this release, except as required by law.
Latest Experis Tech Talent Outlook reveals a shifting market; overall hiring plans soften by seven points quarter-over-quarter, but demand for AI literacy and communication skills anchors Q3 priorities.
, /PRNewswire/ -- As global tech hiring cools from a strong second quarter, employers remain focused on the skills that matter most: AI capabilities and the human expertise to deploy them effectively. More than 4,000 Tech & IT Services employers across 42 countries report a global Net Employment Outlook (NEO) of 35% for Q3 2026 (July–September), according to the latest Tech Talent Outlook from Experis, part of the ManpowerGroup family of brands.
While hiring plans remain positive, the result represents a seven-point cooling from the previous quarter and a one-point dip year-over-year, signaling a shift toward more deliberate, skills-focused team expansion. Fifty percent of employers plan to add staff in Q3, while 33% plan to maintain current levels. Globally, Puerto Rico (68%), Brazil (53%), and the United Kingdom (51%) post the strongest Outlooks. In the United States, the Q3 tech-sector NEO stands at 47%, above the global average and reflecting continued confidence in tech hiring among U.S. employers.
"The Q3 data reflects a tech labor market that is being deliberate, not retreating, with global hiring intentions virtually unchanged from a year ago," said Kye Mitchell, President of Experis U.S. "Talent has become the limiting factor in technology transformation. The organizations that will win in the AI era are not necessarily the ones investing the most in technology; they will be the ones that build, buy, and develop talent faster than their competitors. In the U.S. and globally, the biggest challenge is no longer the technology itself. It's helping people and processes evolve alongside it."
Key Global Findings
Hiring Picture: 50% of the more than 4,000 tech employers surveyed across 42 countries plan to add staff in Q3, while 15% anticipate a decrease and 33% expect to keep workforce levels steady, resulting in a seasonally adjusted NEO of 35%.Top Technical Skills in Demand: AI Modeling & App Development is the most sought-after technical capability (34%), followed by AI Literacy (30%) and Traditional IT & Data (29%).Top Human Skills in Demand: Communication, Collaboration & Teamwork ranks as the most critical human skill (41%), followed by Professionalism & Work Ethic (37%) and Adaptability & Willingness to Learn (34%).Responding to Scarcity: 95% of employers are deploying a mix of strategies to address ongoing shortages. The most common actions are upskilling and reskilling current employees (30%), offering greater work location flexibility (24%), and increasing wages (22%).Regional Highlights
Tech hiring expectations vary significantly across geographies, with some markets holding strong while others show continued caution.
The Americas
Puerto Rico leads all countries globally with a Q3 NEO of 68%, up 45 points year-over-year, followed by Brazil (53%) and the United States (47%).Panama (-1%) is the only Americas market to report a negative Outlook.Asia Pacific
Vietnam (50%) and India (47%) reflect robust demand for tech and IT talent, with Australia (33%) and China (39%) posting moderate but positive Outlooks.Hong Kong (-10%) reports the weakest Outlook in the region, reflecting ongoing economic caution.Europe and the Middle East
The United Kingdom leads the region at 51%, up four points year-over-year, followed by Israel (42%) and Czech Republic (40%), which posted a quarter-over-quarter gain of +27 points.Romania (-11%) and Slovakia (-10%) report the weakest Outlooks globally, reflecting continued economic caution across parts of Central and Eastern Europe.To view the full Q3 2026 Experis Tech Talent Outlook, including detailed global findings, visit www.experis.com/en/tech-talent-outlook.
The next report, covering Q4 2026 hiring expectations, will be released in September 2026.
ABOUT THE EXPERIS TECH TALENT OUTLOOK
This research is based on results from the ManpowerGroup Employment Outlook Survey — the longest running, most comprehensive, forward-looking employment survey of its kind, used globally as a key labor market indicator. ManpowerGroup interviewed 4,497 Tech & IT Services employers across 42 countries on hiring intentions for the third quarter of 2026.
SURVEY METHODOLOGY
Survey responses were collected from April 1–30, 2026. Size of organization and sector are standardized across all countries and territories to allow international comparisons.
ABOUT THE TALENT SHORTAGE SURVEY
ManpowerGroup's 2026 Talent Shortage Survey interviewed 39,063 employers across 41 countries to understand global hiring challenges and skills gaps. The fieldwork was completed in all markets between October 1 – 31, 2025.
ABOUT EXPERIS
Experis®, a global leader in technology services, provides the experience and expertise to shorten the distance between innovation and business impact in a digital world. Experis is guided by the principle that only human ingenuity can unlock the true potential of advanced technologies like AI. For clients, Experis offers the right mix of talent and technology to accelerate progress and deliver real-world results. For individuals, Experis has the insight, size, and scale to help tech professionals expand their skills, increase their value, and find the right opportunities. By matching talent to technology in transformative ways, Experis creates brighter futures for everyone. Experis is part of the ManpowerGroup® (NYSE: MAN) family of brands, which also includes Manpower and Talent Solutions.
For more information, visit www.experis.com, or follow us on LinkedIn.
ABOUT MANPOWERGROUP
ManpowerGroup® (NYSE: MAN), the leading global workforce solutions company, helps organizations transform in a fast-changing world of work by sourcing, assessing, developing, and managing the talent that enables them to win. We develop innovative solutions for hundreds of thousands of organizations every year, providing them with skilled talent while finding meaningful, sustainable employment for millions of people across a wide range of industries and skills. Our expert family of brands – Manpower, Experis, and Talent Solutions – creates substantially more value for candidates and clients across more than 70 countries and territories and has done so for more than 75 years. We are recognized consistently as a best place to work for Women, Inclusion, Equality, and Disability, and in 2026 ManpowerGroup was named one of the World's Most Ethical Companies for the 17th time; all confirming our position as the brand of choice for in-demand talent.
For more information, visit www.manpowergroup.com, or follow us on LinkedIn, Facebook, and Bluesky.
FORWARD-LOOKING STATEMENTS
This report contains forward-looking statements, including statements regarding labor demand in certain regions, countries and industries, and economic uncertainty. Actual events or results may differ materially from those contained in the forward-looking statements, due to risks, uncertainties and assumptions. These factors include those found in the Company's reports filed with the U.S. Securities and Exchange Commission (SEC), including the information under the heading "Risk Factors" in its Annual Report on Form 10-K for the year ended December 31, 2025, whose information is incorporated herein by reference. ManpowerGroup disclaims any obligation to update any forward-looking or other statements in this release, except as required by law.
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Marking its 10th consecutive year at VivaTech, ManpowerGroup will unveil new workforce research, showcase AI-powered innovation, and share practical insights on how organizations can build the workforce readiness needed to turn AI ambition into business impact.
, /PRNewswire/ -- ManpowerGroup, a global leader in workforce solutions, returns to VivaTech for the 10th consecutive year, bringing new workforce research, AI-powered innovations, and practical insights to one of the defining business challenges of the AI era: turning technology investment into business impact through people.
ManpowerGroup at VivaTech 2026 Under the theme Human First, Digital Always: Redesigning Work for the Age of AI, ManpowerGroup will offer a real time, real world, real people perspective on the future of work — showing organizations how they can move beyond experimentation and unlock the full value of AI by redesigning work, developing skills, and creating pathways for people to grow alongside emerging technologies.
"The conversation around AI has shifted from what's possible to what's practical," said Becky Frankiewicz, President and Chief Strategy Officer of ManpowerGroup. "While employers are investing in AI, worker confidence in using it is falling. That's the gap we need to close. The hardest part of AI adoption is the people side of the change. The companies getting ahead right now are the ones investing in their workforce with the same intensity they're investing in the tools. At VivaTech, we'll show organizations how to make that shift."
Featured ManpowerGroup Sessions at VivaTech 2026
Throughout VivaTech, ManpowerGroup leaders will bring fresh research, workforce intelligence, and practical experience to conversations about AI, workforce transformation, human-technology collaboration, and the future of talent.
An Inside Job: Reskilling for a New Economy – Wednesday, June 17 | Stage One | 3:15 – 3:45 p.m. CET
Frankiewicz joins Saadia Zahidi, Managing Director and Member of the Managing Board of the World Economic Forum, in a discussion moderated by CNBC's Karen Tso. Together, they will examine whether organizations can reskill workers quickly enough to keep pace with AI-driven change, which industries face the greatest workforce pressures, and how leaders can prepare talent for a rapidly evolving economy. The Industrial-Scale Reshuffle: How Are Machine Collabs Transforming Work? – Wednesday, June 17 | Black Stage | 12:25 – 1 p.m. CET
Riccardo Barberis, Regional President, Northern Europe and France, takes the stage alongside Samantha Gloede, Global Head of Risk Services and Global Trusted AI Leader at KPMG International, and Erkki Keldo, Minister of Economy and Industry of the Government of Estonia. The discussion will examine how global manufacturing is confronting a historic labor crunch as aging workforces retire, how AI is emerging as a bridge for knowledge transfer to a new generation, and whether the shift from automation to autonomy is spawning new career categories while eliminating old ones. Beyond the AI Pilot: How Humans and Agents Drive Enterprise Impact – Thursday, June 18 | IBM Booth | 4 – 4:30 p.m. CET
Kye Mitchell, President of Experis U.S., will headline an IBM-hosted discussion at the IBM booth on how human teams and AI agents can work together once organizations move beyond AI experimentation to drive real enterprise impact through the right balance of talent, technology, and governance. Hybrid Intelligence: Managing AI's Evolution from Tool to Coworker – Friday, June 19 | Purple Stage | 11:10 – 11:55 a.m. CET A conversation with Valérie Beaulieu-James, Chief Growth and Innovation Officer; Corine de Bilbao, CVP of Microsoft France; and Jeremie Profeta, Chief Transformation Officer of Sonepar, moderated by Ana Rold, CEO and Founder of Diplomatic Courier. The panel will explore how AI is evolving from a passive tool into an active teammate, what becomes our new competitive advantage when technical hard skills are commoditized by automation, how to balance the speed of agentic autonomy with human accountability, and what leaders must learn to lead effectively tomorrow as we move from managing people to orchestrating systems.
Beyond the Résumé: What AI Means for How We Hire and Who Gets Ahead – Friday, June 19 | Purple Stage | 12 PM – 12:40 PM CET
Ruth Harper, SVP, Chief Marketing and Sustainability Officer, sits down with Sue Duke, Managing Director for EMEA & LATAM and VP of Global Public Policy at LinkedIn, Claire Lebarz, CTO of Malt, and Emily Witko, Head of Culture at Hugging Face, moderated by Charlie Perreau, Cheffe du service Tech-Médias-Startup at Les Echos. The session will take on how AI is transforming recruitment at speed, parsing thousands of résumés in seconds while risking codified bias, how organizations can hire for potential rather than credentials when the definition of competence keeps shifting, and who is ultimately responsible when a machine makes a career-altering decision. One Booth, Three Brands, Three Days of Focus
Throughout VivaTech, the ManpowerGroup booth will feature dedicated brand days, each designed to showcase how Manpower, Experis, and Talent Solutions are turning AI ambition into workforce reality.
Wednesday, June 17 – Manpower Day: Creating Talent at Scale
Manpower will demonstrate how organizations can build workforce readiness at scale through AI-powered hiring and talent development. Live demonstrations will feature:
Sophie PowerChat, a conversational assistant that helps candidates discover and apply for opportunities in minutes. Hubert AI, a 24/7 automated pre-screening solution that accelerates hiring while improving candidate experience. AutoMatch, an AI-driven matching engine that connects the right people to the right jobs faster and more accurately. The newly enhanced Manpower App, delivering a personalized, connected experience for job seekers and associates. At 9:30 a.m. CET, the ManpowerGroup booth will host a panel discussion, The Candidate Experience for the Next Generation of Talent, featuring Sébastien Delfosse, Global Brand Leader of Manpower; Greg Dunbar, Chief Commercial Officer at Hubert; and Diana Filip, Deputy CEO and Chief Development Officer at JA Europe. Together, they will tackle how AI is reshaping the way young people enter the workforce and how organizations can prepare early-career workers for jobs that are changing faster than the systems built to train them.
Thursday, June 18 – Experis Day: From Innovation to Impact
Experis will showcase how human ingenuity unlocks the full potential of technology, with a focus on enterprise AI services and tech talent development. Highlights include:
EXCELERATE AI, a comprehensive AI services suite built to help organizations move from experimentation to enterprise-scale implementation. The Tech Talent Community, connecting employers with highly skilled technology professionals across in-demand disciplines. MyCONTACT Bot First, an omnichannel support platform that combines automation with human expertise to improve IT service delivery. The day will also feature a live presentation of the Experis CIO Outlook 2026 at the ManpowerGroup booth at 10 a.m. CET. Based on responses from 1,930 technology leaders across 12 countries, the research finds that 54% of CIOs are already realizing positive returns on AI investments. James Hallahan, Experis Europe Brand Leader, will lead a discussion with technology executives following the presentation.
Friday, June 19 – Talent Solutions Day: Workforce Intelligence for a Complex World
Talent Solutions will demonstrate how data-driven workforce strategy enables organizations to anticipate change and build long-term resilience. Innovations on display include:
AI Boost, a rapid 30-minute diagnostic that measures organizational AI maturity through workforce assessment. AI Impact Scorecard, a predictive planning tool that models automation potential and efficiency gains over three years. Agents-to-Humans, a human-centered orchestration platform that automates HR processes while maintaining transparency, accountability, and human oversight. Beaulieu-James returns to the ManpowerGroup booth at 2:30 p.m. CET for The New Talent Equation: Why AI Is Not the Differentiator, joined by Krishna Charan, VP at Everest Group. Drawing on new research from ManpowerGroup Talent Solutions and Everest Group, the panel will examine why more than 90% of organizations are using AI in talent acquisition but fewer than 5% report transformational outcomes — and what it takes to close that gap.
Startup Challenge: Redesigning Work for the Age of AI
To spotlight emerging technologies helping organizations close skills gaps, improve hiring outcomes, accelerate workforce development, and expand access to opportunity, ManpowerGroup will host the live finale of its 2026 VivaTech Startup Challenge on Wednesday, June 17, at the Viva Pitch Studio.
Of the more than 200 applicants, five global finalists were selected for their ability to deliver these capabilities:
Hippolyte.ai – An agentic AI recruitment platform spanning passive sourcing through conversational chatbots and voicebots, helping organizations reduce time-to-hire. Skillvue – A skills intelligence platform that integrates into HR ecosystems to provide objective, science-based data for hiring, internal mobility, and workforce planning. Skillberg – A unified European skills architecture mapping more than 158,000 skills and 20,000 occupations to support multilingual talent matching across borders. SynTwin – An AI-powered platform that creates conversational digital replicas of top-performing professionals to accelerate onboarding, training, and knowledge transfer. TaTiO – A virtual job simulation platform enabling employers to evaluate real-world capabilities through practical, role-based assessments. The winning startup will receive an opportunity to launch a commercial proof-of-concept partnership with an active ManpowerGroup market.
Bringing Worker Voices to VivaTech
Throughout the event, the ManpowerGroup booth will feature a live worker storytelling activation, capturing perspectives on how technology is changing work and what individuals need to thrive in an AI-powered economy.
On Saturday, June 20, the booth will transition into a dedicated Talent Center, connecting job seekers with recruiters and career opportunities while demonstrating ManpowerGroup's commitment to helping people build meaningful, sustainable careers in a rapidly evolving labor market.
For more information about ManpowerGroup at VivaTech 2026, visit manpowergroup.com.
ABOUT MANPOWERGROUP
ManpowerGroup® (NYSE: MAN), the leading global workforce solutions company, helps organizations transform in a fast-changing world of work by sourcing, assessing, developing, and managing the talent that enables them to win. We develop innovative solutions for hundreds of thousands of organizations every year, providing them with skilled talent while finding meaningful, sustainable employment for millions of people across a wide range of industries and skills. Our expert family of brands – Manpower, Experis, and Talent Solutions – creates substantially more value for candidates and clients across more than 70 countries and territories and has done so for more than 75 years. We are recognized consistently as a best place to work for Women, Inclusion, Equality, and Disability, and in 2026 ManpowerGroup was named one of the World's Most Ethical Companies for the 17th time; all confirming our position as the brand of choice for in-demand talent.
For more information, visit www.manpowergroup.com, or follow us on LinkedIn, Facebook, and Bluesky.
What happenedAccording to an SEC filing dated April 15, 2026, QSM Asset Management Ltd established a new position in ManpowerGroup by acquiring 197,104 shares during the first quarter. The estimated transaction value, calculated using quarterly average pricing, was $5.9 million.
What else to knowThis was a new position for the fund and represented 2.9% of QSM Asset Management Ltd's 13F reportable assets under management as of March 31, 2026.Top holdings after the filing:NYSE:OXY: $14.0 million (6.9% of AUM)NYSE:PFE: $13.7 million (6.7% of AUM)NYSE:ZBH: $13.7 million (6.7% of AUM)NASDAQ:VTRS: $13.3 million (6.5% of AUM)NYSE:RIO: $12.4 million (6.1% of AUM)As of April 15, 2026, ManpowerGroup shares were trading at $30.53, down roughly 37% over the past year, underperforming the S&P 500 by about 66 percentage points.Company snapshotMetricValueMarket cap$1.4 billionRevenue (TTM)$18.0 billionNet income (TTM)($13.3 million)Dividend yield4.9%Company overviewManpowerGroup is a leading global provider of workforce solutions, serving clients through an extensive international footprint and a diversified service portfolio.
The company provides recruitment, workforce solutions, assessment, training, outsourcing, and consulting services, with revenue primarily generated from staffing and talent management offerings under the Manpower and Experis brands.It operates a global network of approximately 2,200 offices in 75 countries, earning fees from permanent, temporary, and contract placements, as well as value-added HR outsourcing and advisory solutions.Main customers include corporations and organizations seeking large-scale workforce solutions, professional resourcing, and HR process outsourcing across a range of industries and geographies.What this transaction means for investorsManpowerGroup has had a rough stretch. Shares have fallen roughly 37% over the past year -- a steep decline that reflects real headwinds in the global staffing industry. Slower hiring demand, ongoing automation anxiety, and an uncertain macroeconomic backdrop have weighed on workforce solutions companies. ManpowerGroup -- once a steady, mid-cap workhorse -- has underperformed the broader market by about 67 percentage points over the last 12 months.
Against that backdrop, QSM Asset Management's decision to open a new position here is worth a second look. This isn't a top-conviction bet -- ManpowerGroup doesn't crack the fund's top five holdings -- but the $5.9 million purchase, representing nearly 3% of QSM's total reported assets, signals that QSM sees potential value in this beaten-down name.
Staffing companies can be useful barometers for broader economic confidence: When GDP growth is strong, and job openings climb, companies often turn to staffing firms like ManpowerGroup to scale headcount quickly without the long-term commitment of full-time hires.
ManpowerGroup’s most recent earnings report offered some reasons for cautious optimism: Q4 2025 revenues came in at $4.7 billion -- up 7% year over year. Management pointed to improving stabilization in market trends and sequential progress in both revenue and profitability throughout the year. That said, the business turnaround is still -- to put it charitably -- a work in progress. Adjusted earnings per share for the full year fell 38% (in constant currency), reflecting the toll of restructuring charges and a difficult operating environment in Europe.
For long-term investors, the question is whether the stock’s current weakness reflects a temporary cyclical trough or a more structural shift in how companies source talent. QSM's move suggests at least one institutional player thinks the risk/reward is starting to look attractive at these levels -- even if it's too early to call a clear turning point for the stock.
Investors looking for broader exposure to the human capital and workforce management space might also consider ETFs like the iShares U.S. Industrials ETF (IYJ +0.85%), which includes staffing and employment services among its holdings.
Andy Gould has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Pfizer. The Motley Fool recommends Occidental Petroleum. The Motley Fool has a disclosure policy.
Launched expanded global strategic transformation program, now expected to deliver $200 million in permanent cost savings in 2028 Revenues of $4.5 billion (10% as reported, 3% constant currency) Strong demand in Asia Pacific and Latin America and in select European countries. France continued sequential improvement to achieve a flat revenue trend year over year Manpower had strong growth in the quarter. Experis impacted by soft professional demand, with stable underlying activity. Talent Solutions headwinds continue, driven by tempered permanent hiring, with rate of decline narrowing over last two quarters SG&A down year over year in constant currency reflecting strong cost management , /PRNewswire/ -- ManpowerGroup (NYSE: MAN) today reported net earnings of $0.05 per diluted share for the three months ended March 31, 2026 compared to net earnings of $0.12 per diluted share in the prior year period. Net earnings in the quarter were $2.5 million compared to net earnings of $5.6 million a year earlier. Revenues for the first quarter were $4.5 billion, a 10% increase from the prior year period.
The current year quarter included restructuring costs and strategic transformation program costs which reduced earnings per share by $0.46 in the first quarter. Excluding these charges, earnings per share was $0.51 per diluted share in the quarter representing an increase of 3% in constant currency which incorporates a higher tax rate in the first quarter of 2026.1
Financial results in the quarter were also impacted by the U.S. dollar relative to foreign currencies compared to the prior year period. On a constant currency basis, revenues increased 3% compared to the prior year period.
Jonas Prising, ManpowerGroup Chair & CEO, said, "We delivered solid performance in the quarter driven by disciplined execution and stabilization in demand trends across key markets. This marks five consecutive quarters of year over year revenue trend improvement. We grew our pipeline, saw continued momentum across the portfolio within our Manpower brand, and enhanced operating leverage through reductions in SG&A. Building on this progress and our ongoing transformational efforts, we are taking proactive steps to ensure we are positioned to succeed in any operating environment. This includes launching a strategic transformation program that is intended to not only improve our cost and margin profile, yet also enable ManpowerGroup to gain market share and deliver best-in-class client service. Further, we continue to make significant progress in advancing our AI strategy, including improving the candidate and client experience and bringing new products to market to enhance our competitive position and drive long-term value creation."
We anticipate diluted earnings per share in the second quarter will be between $0.91 and $1.01, which includes an estimated favorable currency impact of 5 cents and a 43% effective tax rate."
In conjunction with its first quarter earnings release, ManpowerGroup will broadcast its conference call live over the Internet on April 16, 2026 at 7:30 a.m. Central time (8:30 a.m. Eastern time). Prepared remarks for the conference call, webcast details, presentation and recordings are included within the Investor Relations section of manpowergroup.com.
Supplemental financial information referenced in the conference call can be found at http://investor.manpowergroup.com/.
1 The prior year period included various adjustments which reduced earnings per share by $0.32 in the first quarter which are also excluded when determining the year over year adjusted trend.
About ManpowerGroup
ManpowerGroup® (NYSE: MAN), the leading global workforce solutions company, helps organizations transform in a fast-changing world of work by sourcing, assessing, developing, and managing the talent that enables them to win. We develop innovative solutions for hundreds of thousands of organizations every year, providing them with skilled talent while finding meaningful, sustainable employment for millions of people across a wide range of industries and skills. Our expert family of brands – Manpower, Experis, and Talent Solutions – creates substantially more value for candidates and clients across more than 70 countries and territories and has done so for more than 75 years. We are recognized consistently for our diversity – as a best place to work for Women, Inclusion, Equality, and Disability, and in 2026 ManpowerGroup was named one of the World's Most Ethical Companies for the 17th time – all confirming our position as the brand of choice for in-demand talent. For more information, visit www.manpowergroup.com.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Exchange Act of 1934, as amended, including statements regarding trends in labor demand and the future strengthening of such demand, the Company's financial outlook, and the Company's strategic initiatives and technology investments, including our ability to increase market share and the acceleration of transformation initiatives to remove structural costs from the organization to drive efficiencies, which are subject to risks and uncertainties. The Company's actual results may differ materially from those described or contemplated in the forward-looking statements due to numerous factors. These factors include those found in the Company's reports filed with the SEC, including the information under the heading "Risk Factors" in its Annual Report on Form 10-K for the year ended December 31, 2025, which information is incorporated herein by reference.
We caution that any forward-looking statement reflects only our belief at the time the statement is made. The Company assumes no obligation to update or revise any forward-looking statements. We reference certain non-GAAP financial measures, which we believe provide useful information for investors. We include a reconciliation of these measures, where appropriate, to GAAP on the Investor Relations section of our website at manpowergroup.com.
ManpowerGroup
Results of Operations
(In millions, except per share data)
Three Months Ended March 31
% Variance
Amount
Constant
2026
2025
Reported
Currency
(Unaudited)
Revenues from services (a)
$
4,510.4
$
4,090.3
10.3
%
2.9
%
Cost of services
3,787.4
3,392.0
11.7
%
4.1
%
Gross profit
723.0
698.3
3.5
%
-2.8
%
Selling and administrative expenses
694.7
670.1
3.7
%
-2.2
%
Operating profit
28.3
28.2
0.5
%
-17.8
%
Interest and other expenses, net
12.9
11.5
13.3
%
Earnings before income taxes
15.4
16.7
-8.3
%
-27.5
%
Provision for income taxes
12.9
11.1
15.1
%
Net earnings
$
2.5
$
5.6
-55.4
%
-64.7
%
Net earnings per share - basic
$
0.05
$
0.12
-55.2
%
Net earnings per share - diluted
$
0.05
$
0.12
-55.2
%
-64.6
%
Weighted average shares - basic
46.7
46.8
-0.3
%
Weighted average shares - diluted
47.1
47.3
-0.4
%
(a)
Revenues from services include fees received from our franchise offices of $3.8 million for both the three months ended March 31, 2026 and 2025, respectively. These fees are primarily based on revenues generated by the franchise offices, which were $454.3 million and $418.4 million for the three months ended March 31, 2026 and 2025, respectively.
ManpowerGroup
Operating Unit Results
(In millions)
Three Months Ended March 31
% Variance
Amount
Constant
2026
2025
Reported
Currency
(Unaudited)
Revenues from Services:
Americas:
United States (a)
$
654.9
$
688.8
-4.9
%
-4.9
%
Other Americas
460.7
367.9
25.2
%
19.4
%
1,115.6
1,056.7
5.6
%
3.5
%
Southern Europe:
France
1,068.6
965.7
10.7
%
-0.3
%
Italy
474.7
397.8
19.3
%
7.5
%
Other Southern Europe
558.0
470.5
18.6
%
6.1
%
2,101.3
1,834.0
14.6
%
3.0
%
Northern Europe
790.1
730.8
8.1
%
-1.8
%
APME
510.5
476.4
7.1
%
8.1
%
4,517.5
4,097.9
Intercompany Eliminations
(7.1)
(7.6)
$
4,510.4
$
4,090.3
10.3
%
2.9
%
Operating Unit Profit (Loss):
Americas:
United States
$
2.1
$
11.3
-81.9
%
-81.9
%
Other Americas
17.0
14.2
20.9
%
14.4
%
19.1
25.5
-24.9
%
-28.5
%
Southern Europe:
France
17.1
21.0
-18.5
%
-25.1
%
Italy
28.7
24.6
16.6
%
5.5
%
Other Southern Europe
8.4
4.6
83.1
%
63.8
%
54.2
50.2
8.0
%
-2.0
%
Northern Europe
(8.2)
(18.3)
55.5
%
62.8
%
APME
21.7
20.0
7.7
%
11.4
%
86.8
77.4
Corporate expenses
(51.5)
(41.1)
Intangible asset amortization expense
(7.0)
(8.1)
Operating profit
28.3
28.2
0.5
%
-17.8
%
Interest and other expenses, net (b)
(12.9)
(11.5)
Earnings before income taxes
$
15.4
$
16.7
(a)
In the United States, revenues from services include fees received from our franchise offices of $2.4 million and $2.2 million for the three months ended March 31, 2026 and 2025, respectively. These fees are primarily based on revenues generated by the franchise offices, which were $78.4 million and $76.9 million for the three months ended March 31, 2026 and 2025, respectively.
(b)
The components of interest and other expenses, net were:
2026
2025
Interest expense
$
25.7
$
22.5
Interest income
(6.1)
(6.9)
Foreign exchange loss
0.6
0.9
Miscellaneous income, net
(7.3)
(5.0)
$
12.9
$
11.5
ManpowerGroup
Consolidated Balance Sheets
(In millions)
March 31,
December 31,
2026
2025
(Unaudited)
ASSETS
Current assets:
Cash and cash equivalents
$
224.9
$
871.0
Accounts receivable, net
4,628.2
4,770.3
Prepaid expenses and other assets
209.7
149.1
Total current assets
5,062.8
5,790.4
Other assets:
Goodwill
1,539.4
1,544.6
Intangible assets, net
422.9
430.1
Operating lease right-of-use assets
373.9
392.7
Other assets
874.1
879.1
Total other assets
3,210.3
3,246.5
Property and equipment:
Land, buildings, leasehold improvements and equipment
523.2
526.9
Less: accumulated depreciation and amortization
405.0
403.7
Net property and equipment
118.2
123.2
Total assets
$
8,391.3
$
9,160.1
LIABILITIES AND SHAREHOLDERS' EQUITY
Current liabilities:
Accounts payable
$
2,558.8
$
2,721.1
Employee compensation payable
199.4
232.3
Accrued payroll taxes and insurance
654.1
672.1
Accrued liabilities
484.9
457.6
Value added taxes payable
388.4
418.1
Short-term operating lease liability
104.6
107.4
Short-term borrowings and current maturities of long-term debt
112.4
625.0
Total current liabilities
4,502.6
5,233.6
Other liabilities:
Long-term debt
1,034.3
1,052.1
Long-term operating lease liability
287.6
304.3
Other long-term liabilities
501.3
509.8
Total other liabilities
1,823.2
1,866.2
Shareholders' equity:
ManpowerGroup shareholders' equity
Common stock
1.2
1.2
Capital in excess of par value
3,577.4
3,572.5
Retained earnings
3,734.8
3,732.3
Accumulated other comprehensive loss
(412.1)
(412.1)
Treasury stock, at cost
(4,836.3)
(4,834.3)
Total ManpowerGroup shareholders' equity
2,065.0
2,059.6
Noncontrolling interests
0.5
0.7
Total shareholders' equity
2,065.5
2,060.3
Total liabilities and shareholders' equity
$
8,391.3
$
9,160.1
ManpowerGroup
Consolidated Statements of Cash Flows
(In millions)
Three months ended
March 31,
2026
2025
(Unaudited)
Cash Flows from Operating Activities:
Net earnings
$
2.5
$
5.6
Adjustments to reconcile net earnings to net cash used in operating activities:
ManpowerGroup (MAN - Free Report) came out with quarterly earnings of $0.51 per share, beating the Zacks Consensus Estimate of $0.5 per share. This compares to earnings of $0.44 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of +2.51%. A quarter ago, it was expected that this staffing company would post earnings of $0.83 per share when it actually produced earnings of $0.92, delivering a surprise of +10.84%.
Over the last four quarters, the company has surpassed consensus EPS estimates four times.
Manpower, which belongs to the Zacks Staffing Firms industry, posted revenues of $4.51 billion for the quarter ended March 2026, surpassing the Zacks Consensus Estimate by 3.96%. This compares to year-ago revenues of $4.09 billion. The company has topped consensus revenue estimates four times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Manpower shares have added about 3.4% since the beginning of the year versus the S&P 500's gain of 2.6%.
What's Next for Manpower?While Manpower has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Manpower was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $0.98 on $4.64 billion in revenues for the coming quarter and $3.77 on $18.53 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Staffing Firms is currently in the bottom 25% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
Another stock from the same industry, TrueBlue (TBI - Free Report) , has yet to report results for the quarter ended March 2026.
This blue-collar temporary staffing company is expected to post quarterly loss of $0.45 per share in its upcoming report, which represents a year-over-year change of -12.5%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
TrueBlue's revenues are expected to be $388.7 million, up 5% from the year-ago quarter.
The headline numbers for Manpower (MAN) give insight into how the company performed in the quarter ended March 2026, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
I revise my rating for ManpowerGroup from "Hold" to "Buy," after analyzing its performance and prospects. The group recorded a 1Q2026 EPS beat of +4.6%, thanks to robust European growth and effective cost management. Its 2Q2026 bottom-line guidance of $0.96/share is also above the $0.93 consensus; the near-term drivers are the expansion of its AI solutions into new markets and the U.S. business's turnaround.
ManpowerGroup (NYSE:MAN) reported upbeat earnings for the first quarter on Thursday.
The company posted quarterly earnings of 51 cents per share which beat the analyst consensus estimate of 49 cents per share. The company reported quarterly sales of $4.510 billion which beat the analyst consensus estimate of $4.414 billion.
ManpowerGroup said it sees second-quarter GAAP EPS of 91 cents to $1.05, versus market estimates of 96 cents.
ManpowerGroup shares rose 1.5% to trade at $31.45 on Friday.
These analysts made changes to their price targets on ManpowerGroup following earnings announcement.
Baird analyst Mark Marcon maintained ManpowerGroup with an Outperform rating and lowered the price target from $50 to $45. Truist Securities analyst Tobey Sommer maintained the stock with a Hold and lowered the price target from $38 to $34. Considering buying MAN stock? Here’s what analysts think:
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ManpowerGroup (NYSE:MAN) reported first-quarter 2026 results that management said showed “disciplined execution and continued stabilization of revenue trends across key markets,” alongside the launch of a multi-year transformation program aimed at lowering costs and improving operating efficiency.
First-quarter results and demand trends Chairman and CEO Jonas Prising said the quarter delivered reported revenue of $4.5 billion, with organic constant-currency growth of 3%. System-wide revenue, which includes franchise operations, totaled $5.0 billion. Adjusted EBITDA margin was 1.4%, which Prising attributed to “improving demand trends as well as P&L leverage.”
Prising said the company saw strengthening conditions in manufacturing, “particularly across Europe,” and noted strong Manpower performance in key markets including France, the U.S., and Italy. He also cited “stable underlying trends” in Experis and “solid performance” in Talent Solutions, pointing to improvements in MSP and Right Management even as RPO “remains more challenged.”
On costs, Prising said the company reduced adjusted SG&A by 4% in constant currency while growing the top line, reflecting “ongoing efficiency efforts.”
Management also addressed geopolitical uncertainty. Prising said the company is “closely monitoring developments related to the conflict in the Middle East,” adding that it is “still too early to assess if there will be a broader impact.”
Transformation initiative targets $200 million of savings A central focus of the call was a newly announced global transformation program. Prising said ManpowerGroup expects the initiative to deliver $200 million in permanent cost savings in 2028. He described two main components:
A “complete redesign” of back-office operations, which he said is progressing well A front-office program that will apply best practices from the back-office work to sales, recruiting, and service delivery processes Prising said the company has made “targeted investments in automation and AI” and built a modern technology infrastructure anchored by its PowerSuite platform, with “nearly 90%” of the global business operating on the platform. He said this provides a unified technology stack and access to global data across businesses.
Prising also said the company has hired a chief enterprise transformation officer to drive execution across the enterprise. In addition, he said ManpowerGroup is reviewing its portfolio to prioritize “core, higher-return opportunities” while evaluating “opportunities to divest of non-core assets.”
On timing and geography, CFO Jack McGinnis said early savings are expected to come from the back-office work, with a majority originating in Europe where the company began its back-office transformation. For the front office, McGinnis said the company is starting in North America, with North America savings expected to begin showing in 2027 and broader “rest of the regions” savings expected in 2028.
McGinnis said the company anticipates the full $200 million to be realized in 2028 as a “run rate savings” in that year, rather than only appearing late in the year.
AI initiatives: sales, recruiting, and new client offerings President and Chief Strategy Officer Becky Frankiewicz outlined how the company is embedding AI “as a growth multiplier,” highlighting three areas: commercial scale, talent experience, and monetization through partnerships.
In France, Frankiewicz said an AI-powered sales targeting engine has generated approximately $200 million in incremental revenue by identifying high-probability opportunities and focusing sales coverage. She said the company expects to scale the tool to “roughly 50% of our markets by year-end.”
On recruiting and candidate experience, Frankiewicz said ManpowerGroup expanded PowerSuite to include a partnership with Hubert.ai for AI-powered screening and interviews. She said that in the past six months the company completed more than 25,000 AI-led interviews and reduced screening time by 67%, while achieving 87% candidate satisfaction. She added these capabilities currently support markets representing about 40% of global revenue, with plans to scale to 70% by year-end.
On monetization, Frankiewicz highlighted a partnership announced in March with SoundHound AI, which she described as focused on helping clients review and redesign workflows and accelerate adoption of AI and intelligent automation. She said the offering is part of Experis U.S.’s Accelerate AI services suite built around “humans and agents” working side by side, with plans to start in the U.S. and expand globally. Frankiewicz said it is “early days” for margin impact but said the company is encouraged by early deal economics and expects to provide updates as the offerings scale.
Frankiewicz also said “tens of thousands” of employees have completed AI fundamentals training and that over 80% of the company’s workforce is already using AI in their workflows.
Segment and brand performance, margins, and cost actions McGinnis reported adjusted EBITDA of $61 million, a 5% increase in constant currency year over year. Reported EPS was $0.05, while adjusted EPS was $0.51, slightly above the midpoint of guidance. McGinnis said restructuring and strategic transformation program costs represented $0.46 per share in the quarter.
Gross margin was 16% and came in below the low end of guidance. McGinnis attributed the shortfall to lower bench utilization in Europe and mix shifts affecting staffing margin, while permanent recruitment improved sequentially and was “as expected.” In the Q&A, he characterized the pressure as primarily mix-related, driven by stronger enterprise demand, and said pricing remained “rational.” He also said bench-related impacts were a winter phenomenon and should ease in the second quarter.
By brand, Manpower revenue grew 6% in organic constant currency, Experis declined 9%, and Talent Solutions declined 1% (an improvement versus the prior quarter). McGinnis said the Experis decline was largely driven by the timing of healthcare IT projects in the U.S.
By geography, McGinnis highlighted:
Americas: revenue of $1.1 billion, up 4% in constant currency; U.S. revenue of $655 million down 5% on a days-adjusted basis Southern Europe: revenue of $2.1 billion, up 3%; France flat in constant currency; Italy up 8% days-adjusted constant currency Northern Europe: revenue of $790 million, down 1% in organic constant currency; U.K. revenues down 2% Asia Pacific Middle East: revenue of $510 million, up 8%; Japan up 4% days-adjusted constant currency Cash flow and second-quarter guidance Free cash flow in the quarter was an outflow of $135 million, which McGinnis said was affected by payment timing in the MSP business and some working capital usage that he expects to reverse in the second quarter. The company ended the quarter with $225 million of cash and $1.1 billion of total debt, with net debt of $922 million.
For the second quarter of 2026, McGinnis guided to EPS of $0.91 to $1.10, including a favorable foreign currency impact of $0.05 per share. He forecast constant-currency revenue growth of 1% to 5% (midpoint 3%) and said EBITDA margin is projected to be up 10 basis points at the midpoint versus the prior year. He also said the company expects an effective tax rate of 43% for the second quarter and will continue to exclude restructuring and strategic transformation costs from underlying guidance.
In closing remarks, Prising said the market is stabilizing and the company is “executing with discipline,” while a dedicated group advances transformation initiatives to position ManpowerGroup for future opportunities.
About ManpowerGroup (NYSE:MAN) ManpowerGroup (NYSE: MAN) is a global leader in workforce solutions, offering a broad spectrum of staffing and talent management services. Founded in 1948 and headquartered in Milwaukee, Wisconsin, the company has grown from a temporary staffing firm to a diversified provider of workforce consultancy, recruitment, and outsourcing services. ManpowerGroup is publicly traded on the New York Stock Exchange under the ticker MAN.
The company’s service offerings are organized into four principal brands.
Further Reading Five stocks we like better than ManpowerGroup
ManpowerGroup maintains a hold rating as revenue recovery strengthens, but profitability remains under pressure, and consensus estimates appear optimistic. Q1 2026 saw credible topline improvement across France, Italy, Southern Europe, and the Manpower brand, with enterprise demand signaling early-stage recovery. Gross profit fell, gross margin missed guidance, and enterprise mix continues to weigh on margins despite cost-cutting and productivity initiatives.
State of Alaska Department of Revenue reduced its stake in ManpowerGroup Inc. (NYSE:MAN – Free Report) by 58.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 26,309 shares of the business services provider’s stock after selling 37,367 shares during the period. State of Alaska Department of Revenue owned approximately 0.06% of ManpowerGroup worth $781,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors also recently modified their holdings of MAN. Quarry LP bought a new stake in shares of ManpowerGroup in the 3rd quarter valued at approximately $25,000. GAMMA Investing LLC lifted its holdings in shares of ManpowerGroup by 103.3% during the third quarter. GAMMA Investing LLC now owns 799 shares of the business services provider’s stock valued at $30,000 after acquiring an additional 406 shares during the period. True Wealth Design LLC lifted its holdings in shares of ManpowerGroup by 72.5% during the third quarter. True Wealth Design LLC now owns 802 shares of the business services provider’s stock valued at $30,000 after acquiring an additional 337 shares during the period. Caitong International Asset Management Co. Ltd bought a new position in shares of ManpowerGroup during the third quarter valued at $30,000. Finally, UMB Bank n.a. lifted its holdings in shares of ManpowerGroup by 122.2% during the third quarter. UMB Bank n.a. now owns 991 shares of the business services provider’s stock valued at $38,000 after acquiring an additional 545 shares during the period. 98.03% of the stock is currently owned by institutional investors.
ManpowerGroup Trading Down 1.1% Shares of MAN opened at $31.49 on Thursday. ManpowerGroup Inc. has a 52-week low of $25.15 and a 52-week high of $47.33. The stock has a fifty day moving average price of $28.37 and a two-hundred day moving average price of $30.18. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.11 and a current ratio of 1.12. The company has a market cap of $1.46 billion, a price-to-earnings ratio of -85.11 and a beta of 0.84.
ManpowerGroup (NYSE:MAN – Get Free Report) last issued its quarterly earnings data on Thursday, April 16th. The business services provider reported $0.51 EPS for the quarter, topping analysts’ consensus estimates of $0.50 by $0.01. ManpowerGroup had a negative net margin of 0.09% and a positive return on equity of 7.01%. The firm had revenue of $4.51 billion for the quarter, compared to analyst estimates of $4.41 billion. During the same quarter in the prior year, the firm earned $0.44 EPS. The company’s revenue was up 10.3% on a year-over-year basis. ManpowerGroup has set its Q2 2026 guidance at 0.910-1.050 EPS. Analysts predict that ManpowerGroup Inc. will post 3.66 EPS for the current fiscal year.
Wall Street Analyst Weigh In MAN has been the subject of a number of analyst reports. Truist Financial cut their price objective on ManpowerGroup from $38.00 to $34.00 and set a “hold” rating for the company in a report on Friday, April 17th. Argus raised shares of ManpowerGroup from a “hold” rating to a “buy” rating and set a $42.00 price objective on the stock in a research note on Tuesday, February 3rd. Wall Street Zen cut shares of ManpowerGroup from a “buy” rating to a “hold” rating in a research note on Saturday, March 21st. Barclays decreased their price objective on shares of ManpowerGroup from $35.00 to $30.00 and set an “equal weight” rating on the stock in a research note on Monday, April 13th. Finally, UBS Group upped their price objective on shares of ManpowerGroup from $29.00 to $33.00 and gave the stock a “neutral” rating in a research note on Friday, April 17th. Three investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, ManpowerGroup currently has an average rating of “Hold” and a consensus target price of $37.50.
Check Out Our Latest Stock Report on ManpowerGroup
ManpowerGroup Company Profile (Free Report)
ManpowerGroup (NYSE: MAN) is a global leader in workforce solutions, offering a broad spectrum of staffing and talent management services. Founded in 1948 and headquartered in Milwaukee, Wisconsin, the company has grown from a temporary staffing firm to a diversified provider of workforce consultancy, recruitment, and outsourcing services. ManpowerGroup is publicly traded on the New York Stock Exchange under the ticker MAN.
The company’s service offerings are organized into four principal brands.
Featured Articles Five stocks we like better than ManpowerGroup
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On April 28, 2026, ManpowerGroup Inc (MAN) shares rose by 4.2%, currently trading at $31.22. The stock has experienced a 52-week range of $25.15 to $47.34, refl
, /PRNewswire/ -- ManpowerGroup (NYSE: MAN) today announced the sale of its Jefferson Wells U.S. business to Sikich for a transaction value of $100 million.
Across the U.S., Jefferson Wells delivers solutions in risk & compliance, finance & accounting, and tax – across a diverse range of industries, including to public and highly regulated companies – through project consulting, integrated resourcing and executive search. In 2025 Jefferson Wells U.S. revenues were $76 million.
"This transaction is a great outcome for our clients and shareholders as we continue to refine the portfolio to prioritize investments as part of our ongoing transformation," Jonas Prising, ManpowerGroup Chair & CEO, said. "As we move forward, we are focused on our core business—growing our Manpower, Experis, and Talent Solutions brands, while continuing to connect people to sustainable work and support clients in building the skilled workforces they need to succeed."
The transaction closed on April 30th, 2026, and will result in a gain on sale to be recognized by ManpowerGroup in the second quarter. ManpowerGroup will receive net cash proceeds at closing of approximately $88 million after working capital and other items. ManpowerGroup plans to use transaction proceeds to strengthen its balance sheet as it continues to invest for sustainable long-term growth.
Sikich is a professional services firm offering consulting, technology and compliance to the public and private sectors.
"This acquisition enhances existing capabilities across our business, including deep expertise in risk and compliance, finance and accounting, and tax, making Jefferson Wells an ideal fit as we continue to scale," said Sikich Chairman & Chief Executive Officer Christopher Geier. "Both teams share a conviction of a people first culture and the belief that clients deserve practical, actionable solutions delivered at the highest level of quality."
ABOUT MANPOWERGROUP
ManpowerGroup® (NYSE: MAN), the leading global workforce solutions company, helps organizations transform in a fast-changing world of work by sourcing, assessing, developing, and managing the talent that enables them to win. We develop innovative solutions for hundreds of thousands of organizations every year, providing them with skilled talent while finding meaningful, sustainable employment for millions of people across a wide range of industries and skills. Our expert family of brands – Manpower, Experis, and Talent Solutions – creates substantially more value for candidates and clients across more than 70 countries and territories and has done so for more than 75 years. We are recognized consistently for our diversity – as a best place to work for Women, Inclusion, Equality, and Disability, and in 2026 ManpowerGroup was named one of the World's Most Ethical Companies for the 17th time – all confirming our position as the brand of choice for in-demand talent.
For more information, visit www.manpowergroup.com, or follow us on LinkedIn, Facebook, and Bluesky.
CHICAGO--(BUSINESS WIRE)--Sikich, a professional services company specializing in consulting, technology and compliance today announced it has acquired Milwaukee-based Jefferson Wells and their 300+ employees in the U.S. from ManpowerGroup (NYSE: MAN). Jefferson Wells delivers solutions in risk & compliance, finance & accounting, and tax – across a diverse range of industries, including to public and highly regulated companies – through project consulting, integrated resourcing and executive search.
With over 30 years of operating history in the United States, Jefferson Wells brings a well-established reputation across key sectors including financial services, technology, and energy. This acquisition complements and strengthens Sikich's existing presence in healthcare, life sciences, and manufacturing and distribution. In 2025, Jefferson Wells generated U.S. revenues of $76 million. The transaction was valued at $100 million, with net cash proceeds at closing of approximately $89 million after working capital adjustments and other items.
“This acquisition enhances existing capabilities across our business, including deep expertise in risk and compliance, finance and accounting, and tax, making Jefferson Wells an ideal fit as we continue to scale,” said Sikich Chairman & Chief Executive Officer Christopher Geier. “Both teams share a conviction of a people first culture and the belief that clients deserve practical, actionable solutions delivered at the highest level of quality.”
“We are delighted to see Jefferson Wells U.S. join Sikich, where there is strong alignment in capabilities, culture, and growth ambition”, added Ger Doyle, North America region president, ManpowerGroup. “This creates exciting opportunities for the business and its people. My sincere thanks to the teams on both sides for their hard work and professionalism in bringing this together. As we move forward, we are energized to focus on our core business and continue delivering value for our clients and candidates across North America.”
The transaction closed on April 30.
About Sikich
Sikich offers the public and private sectors a diverse platform of professional services across consulting, technology and compliance. Highly specialized and hands-on teams deliver integrated solutions rooted in deep industry experience. Our approach is strategically and thoughtfully designed to help our clients, teams and communities accelerate success.
Sikich has approximately 2,000 team members and operates across North America, EMEA and APAC.
Sikich practices in an alternative practice structure in accordance with the AICPA Professional Code of Conduct and applicable law, regulations, and professional standards. Sikich CPA LLC is a licensed CPA firm that provides audit and attest services to its clients, and Sikich LLC and its subsidiaries provide tax and business advisory services to its clients. Sikich CPA LLC has a contractual arrangement with Sikich LLC under which Sikich LLC supports Sikich CPA LLC’s performance of its professional services. Sikich LLC and its subsidiaries are not licensed CPA firms.
“Sikich” is the brand name under which Sikich CPA LLC and Sikich LLC provide professional services. The entities under the Sikich brand are independently owned and are not liable for the services provided by any other entity providing services under the Sikich brand. The use of the terms “our company”, “we” and “us” and other similar terms denote the alternative practice structure of Sikich CPA LLC and Sikich LLC.
About ManpowerGroup
ManpowerGroup® (NYSE: MAN), the leading global workforce solutions company, helps organizations transform in a fast-changing world of work by sourcing, assessing, developing, and managing the talent that enables them to win. We develop innovative solutions for hundreds of thousands of organizations every year, providing them with skilled talent while finding meaningful, sustainable employment for millions of people across a wide range of industries and skills. Our expert family of brands – Manpower, Experis, and Talent Solutions – creates substantially more value for candidates and clients across more than 70 countries and territories and has done so for more than 75 years. We are recognized consistently for our diversity – as a best place to work for Women, Inclusion, Equality, and Disability, and in 2026 ManpowerGroup was named one of the World's Most Ethical Companies for the 17th time – all confirming our position as the brand of choice for in-demand talent. For more information, visit www.manpowergroup.com.
Resources Investor Relations Journalists Agencies Client Login Send a Release News Products Contact , /PRNewswire/ -- The Board of Directors of ManpowerGroup (NYSE: MAN) has declared a semi-annual dividend of $0.72 per share, payable on June 15, 2026 to shareholders of record as of the close of business on June 1, 2026.
Additional financial information about ManpowerGroup, including stock history and annual shareholder reports, can be found at http://investor.manpowergroup.com.
ABOUT MANPOWERGROUP
ManpowerGroup® (NYSE: MAN), the leading global workforce solutions company, helps organizations transform in a fast-changing world of work by sourcing, assessing, developing, and managing the talent that enables them to win. We develop innovative solutions for hundreds of thousands of organizations every year, providing them with skilled talent while finding meaningful, sustainable employment for millions of people across a wide range of industries and skills. Our expert family of brands – Manpower, Experis, and Talent Solutions – creates substantially more value for candidates and clients across more than 70 countries and territories and has done so for more than 75 years. We are recognized consistently for our diversity – as a best place to work for Women, Inclusion, Equality, and Disability, and in 2026 ManpowerGroup was named one of the World's Most Ethical Companies for the 17th time – all confirming our position as the brand of choice for in-demand talent.
As organizations struggle to turn AI investment into results, Experis advances its evolution as a global technology services leader built on the power of specialized talent and human expertise
, /PRNewswire/ -- Experis, part of the ManpowerGroup (NYSE: MAN) family of brands, today announced a global brand refresh built around a clear and differentiated market position: only Experis brings together specialized talent, technology services, and delivery expertise to help organizations turn innovation into measurable business outcomes.
New Experis logo Anchored in the idea that it takes Human Ingenuity to unlock the power of technology, the refreshed identity brings this positioning to life with a more confident, contemporary, and human-centered expression of the Experis brand. The core logo has been refined rather than reinvented, preserving brand equity while signaling a clear step forward. The evolution also reinforces Experis' new descriptor, A Global Leader in Technology Services, marking a deliberate shift from IT staffing provider to technology services leader.
The timing is deliberate. Organizations everywhere are investing heavily in AI and digital transformation, and the technology alone is not delivering the outcomes they need. What's missing is the human expertise to make it work.
"That gap is exactly where Experis lives," said Kye Mitchell, President, Experis U.S. "Every client we work with is trying to close the distance between the technology they've invested in and the outcomes they need. We close that gap, with the right talent, the right services, and the right expertise. That's 'Human Ingenuity' in practice."
"The technology market is moving faster than at any point in our history, and the organizations that win will be those that can marry technical infrastructure with human capability at a global scale," Experis Europe Brand Leader James Hallahan said. "That is exactly what Experis is built to do. This brand refresh gives us clarity, clearer language for what we do, a sharper position in a crowded market, and a brand that finally reflects the work we have been doing every day."
For clients, Human Ingenuity comes to life through Experis' enterprise AI services suite, which helps organizations move from AI experimentation to enterprise execution through specialized AI talent, governance-first delivery, and strategic technology partnerships. It is how Experis helps clients build and run AI solutions that produce real outcomes, not just pilots.
For technology professionals, Experis is introducing Say HI, the talent-facing expression of Human Ingenuity. Say HI is an invitation to bring skills, judgment, and ambition to organizations and challenges where they can make the greatest impact. It positions Experis as a career partner, not a transaction.
The refreshed brand launches globally today across Experis' digital and social channels. Rollout continues across all regional touchpoints throughout 2026.
ABOUT EXPERIS
Experis®, a global leader in technology services, provides the experience and expertise to shorten the distance between innovation and business impact in a digital world. Experis is guided by the principle that only Human Ingenuity can unlock the true potential of advanced technologies like AI. For clients, Experis offers the right mix of talent and technology to accelerate progress and deliver real-world results. For individuals, Experis has the insight, size, and scale to help tech professionals expand their skills, increase their value, and find the right opportunities. By matching talent to technology in transformative ways, Experis creates brighter futures for everyone. Experis is part of the ManpowerGroup® (NYSE: MAN) family of brands, which also includes Manpower and Talent Solutions.
For more information, visit www.experis.com, or follow us on LinkedIn.
ABOUT MANPOWERGROUP
ManpowerGroup® (NYSE: MAN), the leading global workforce solutions company, helps organizations transform in a fast-changing world of work by sourcing, assessing, developing, and managing the talent that enables them to win. We develop innovative solutions for hundreds of thousands of organizations every year, providing them with skilled talent while finding meaningful, sustainable employment for millions of people across a wide range of industries and skills. Our expert family of brands – Manpower, Experis, and Talent Solutions – creates substantially more value for candidates and clients across more than 70 countries and territories and has done so for more than 75 years. We are recognized consistently as a best place to work for Women, Inclusion, Equality, and Disability, and in 2026 ManpowerGroup was named one of the World's Most Ethical Companies for the 17th time; all confirming our position as the brand of choice for in-demand talent.
For more information, visit www.manpowergroup.com, or follow us on LinkedIn, Facebook, and Bluesky.
On May 28, 2026, ManpowerGroup Inc MAN shares rose 3.5% to a current price of $30.33. This uptick comes amid a 52-week range that has seen a high of $47.34 and a low of $25.15.
GF Value™ verdict: Current price is $30.33 vs GF Value™ of $67.07, indicating a 54.8% upside.GF Score™ of 66/100 suggests the stock is above average in terms of overall quality.Notable signal: No insider transactions have occurred in the last three months. Is MAN Overvalued or Undervalued? According to the GF Value™, which estimates the fair value of ManpowerGroup Inc at $67.07, the current share price of $30.33 indicates that the stock is significantly undervalued, with a margin of safety of 54.8%. This presents a potential investment opportunity for those looking at undervalued stocks. However, it is important to note that the GF Valuation label suggests it may be a "Possible Value Trap," which warns investors to approach with caution. GF Value™ is GuruFocus' proprietary measure of intrinsic value, calculated from historical trading multiples, past business growth, and future performance estimates.
The substantial difference between the market price and the GF Value™ suggests that while there is potential for growth, investors should consider the underlying financial health and other indicators before making any decisions. A deeper analysis into financial strength, profitability, and market conditions may provide further insight into the stability of this valuation.
How Does MAN's Valuation Compare to Its History? Metric Current Historical P/E (TTM) 8.2x 16.8x Currently, ManpowerGroup Inc is trading at a forward P/E of 8.2x, which is significantly below its 5-year median P/E of 16.8x. This analysis aligns with the GF Value™ verdict, further supporting the notion that the stock is undervalued relative to its historical valuation metrics.
What Does MAN's GF Score™ Tell Us? Metric Rating GF Score™ 66/100 Financial Strength 5/10 Profitability 7/10 Growth 5/10 Valuation 2/10 Momentum 4/10 The GF Score™ of 66/100 indicates that ManpowerGroup Inc is above average in terms of overall quality. The strongest aspect of the score is its profitability ranking of 7/10, suggesting that the company has maintained a reasonable level of profitability despite market challenges. However, the weakest area is the valuation rank of 2/10, indicating potential concerns about the stock's current market pricing relative to its intrinsic value.
What Are Insiders Doing with MAN Stock? There have been no insider transactions in the last three months for ManpowerGroup Inc. This lack of insider activity can suggest a neutral stance from executives, indicating they may not see an immediate need to buy or sell shares based on current market conditions or company performance.
What This Means for Investors Based on the GF Value™ analysis, ManpowerGroup Inc appears to be undervalued at its current price of $30.33 compared to the estimated fair value of $67.07. However, the potential for it to be a value trap should be carefully considered by investors.
For the complete analysis, visit the ManpowerGroup Inc MAN stock page. You can also explore the GF Value™ page for detailed valuation methodology, or use the GuruFocus Stock Screener to find similar opportunities.
Frequently Asked Questions What is MAN's GF Score™?
ManpowerGroup Inc has a GF Score™ of 66/100, indicating it is above average in terms of overall quality and potential for long-term returns.
Is MAN overvalued or undervalued?
MAN is currently undervalued based on the GF Value™ assessment, which estimates the fair value at $67.07, offering a significant upside from the current price of $30.33.
What is MAN's P/E ratio?
MAN has a forward P/E ratio of 8.2x, which is below its historical 5-year median P/E of 16.8x, further indicating it is undervalued compared to its historical performance.
This stock alert was generated using automated technology and GuruFocus financial data to provide readers with timely and accurate market reporting. This content was reviewed by GuruFocus editorial team prior to publication. Please send any questions or comments about this story to [email protected].
This milestone marks the 10th consecutive year of recognition on Forbes' staffing and recruiting rankings.
, /PRNewswire/ -- Manpower, a global leader in contingent staffing and part of the ManpowerGroup® (NYSE: MAN) family of brands, has been named the No. 1 Temporary Staffing Firm in the nation on Forbes' 2026 list of America's Best Temporary Staffing Firms. The independent ranking, developed in partnership with Statista, also placed Manpower among the nation's top five professional recruiting firms, marking the company's tenth consecutive year of recognition on Forbes' staffing and recruiting rankings.
Forbes Best Temporary Staffing Firms 2026 "This distinction is especially meaningful because it reflects the voices that matter most — our clients, candidates and peers," said Raj Namboothiry, Senior Vice President and Head of Manpower U.S. "Today, successful hiring requires a deep understanding of what motivates people and where they can thrive. Our teams bring that understanding to every client and candidate interaction."
Manpower's reach spans more than 70 countries, connecting hundreds of thousands of organizations with skilled talent and helping millions of people find meaningful work each year. In the U.S., the brand combines data-driven recruiting with its PowerSuite® assessment platform and MyPath® skilling program to help both employers and job seekers navigate a labor market reshaped by technology and shifting demand.
The 2026 rankings draw on feedback from approximately 13,800 recruiters, HR leaders, hiring managers and job candidates, generating more than 18,000 recommendations. Firms are ranked by the volume of recommendations received from peers, clients and candidates. Companies do not pay to participate or be selected. The full rankings are available at forbes.com.
For more information about Manpower and its staffing solutions, visit manpower.com.
ABOUT MANPOWER
Manpower® is a global leader in contingent staffing and permanent resourcing, providing companies with strategic and operational flexibility and creating talent at scale. Our talent agents and specialized recruiters leverage data-driven insights to assess, guide and place people into meaningful, sustainable employment, and our PowerSuite® tech platform enables assessment and matching to predict performance potential. Our Manpower MyPath® skilling program provides rapid skills development at scale with on-the-job training, market-based certifications, and coaching for roles in growth sectors. In this constantly shifting world, our flexible workforce solutions provide companies with the business agility needed to succeed. Manpower is part of the ManpowerGroup® (NYSE: MAN) family of brands, which also includes Experis and Talent Solutions.
For more information about Manpower, visit www.manpower.com or follow us on LinkedIn.
ABOUT MANPOWERGROUP
ManpowerGroup® (NYSE: MAN), the leading global workforce solutions company, helps organizations transform in a fast-changing world of work by sourcing, assessing, developing, and managing the talent that enables them to win. We develop innovative solutions for hundreds of thousands of organizations every year, providing them with skilled talent while finding meaningful, sustainable employment for millions of people across a wide range of industries and skills. Our expert family of brands – Manpower, Experis, and Talent Solutions – creates substantially more value for candidates and clients across more than 70 countries and territories and has done so for more than 75 years. We are recognized consistently as a best place to work for Women, Inclusion, Equality, and Disability, and in 2026 ManpowerGroup was named one of the World's Most Ethical Companies for the 17th time; all confirming our position as the brand of choice for in-demand talent.
For more information, visit www.manpowergroup.com, or follow us on LinkedIn, Facebook, and Bluesky.
Employers cite economic uncertainty, above AI, as the key driver of hiring caution, while many continue to hire selectively for growth
, /PRNewswire/ -- Global hiring momentum remains steady year-over-year yet shows caution quarter-over-quarter, according to ManpowerGroup's latest Employment Outlook Survey of more than 40,500 employers across 42 countries. The global Net Employment Outlook (NEO) for Q3 2026 stands at 26%, down five points from the previous quarter, though up two points from the same period last year. Outlooks weakened in 33 of 42 countries compared to last quarter.
ManpowerGroup’s Employment Outlook Survey reveals employer hiring expectations for Q3 2026.
The most in-demand technical skills according to the Q3 2026 ManpowerGroup Employment Outlook Survey.
The most valuable soft skills according to the Q3 2026 ManpowerGroup Employment Outlook Survey.
Yet beneath the headline number, a more complex picture is emerging. Mid-size organizations (250–999 employees) report the strongest hiring intentions globally at 32%, alongside the largest year-over-year gains (+6 points), outpacing both small businesses and large enterprises.
"What the data this quarter reveals is a labor market navigating uncertainty while pursuing selective opportunity," said Jonas Prising, ManpowerGroup Chair & CEO. "Economic uncertainty, more than AI itself, is emerging as the primary driver of caution, particularly across Europe, Asia, and large enterprises. At the same time, many employers are continuing to hire selectively for the skills that will help them transform their businesses, accelerate productivity, and prepare for long-term growth. The organizations moving forward most confidently are those aligning their people strategy with their technology strategy."
While 42% of organizations plan to increase staff in Q3, down from 45% last quarter, 40% plan to maintain current headcount and 16% anticipate reductions. Anticipated hiring increases are driven primarily by company expansion; expected decreases are fueled by economic challenges.
AI Drives Productivity Gains, But Human Judgment Remains the Most Valued Hiring Tool
AI continues to reshape how organizations think about productivity and the workforce, and the Q3 data shows employers aren't ready to hand over the keys to AI entirely.
Despite growing AI adoption, a person reviewing resumes (57%) remains the most valued hiring resource, ranked above all AI and automated tools:
Automated status update and communication tools: 48% AI-assisted job description writing: 46% AI-driven resume screening, parsing, and sourcing: 44% AI-enhanced tools helping workers understand their skills, career paths, and opportunities: 43% Always-on AI solutions matching people and roles, with final human oversight: 41% At the same time, as employers navigate AI integration, the people skills commanding the highest premiums reveal where human value is concentrating:
Communication, collaboration, and teamwork: 72% Critical thinking and problem-solving: 68% Professionalism and work ethic: 68% Adaptability and willingness to learn: 68% Time management and prioritization: 64% Sector and Regional Highlights
Sector Insights
Even traditionally resilient sectors are feeling the pull of a more cautious environment, though some are holding their ground more than others. Information (32%) and Construction & Real Estate (31%) report the strongest hiring plans for Q3 2026, followed by Finance & Insurance (29%). Utilities & Natural Resources posted the strongest year-over-year improvement, up eight points, signaling selective areas of renewed demand. Hospitality (14%) reports the most cautious hiring plans this quarter, the sector's lowest reading since Q3 2021. Regional Hiring Plans
Year-over-year trends reveal a widening geographic divide. The Americas is the only region to strengthen compared to the same period last year, while Europe and Asia Pacific, regions with greater exposure to energy cost pressures linked to ongoing geopolitical instability, are seeing the steepest declines in employer confidence, both quarter-over-quarter and year-over-year. The Americas posted the most resilient regional outlook this quarter, declining just three points quarter-over-quarter while improving seven points year-over-year; the only region to strengthen on an annual basis. Puerto Rico (48%) and the United States (45%) are among the global leaders in hiring confidence. Brazil (37%) also posts a strong result. Asia Pacific posts a 28% NEO, down 11 points quarter-over-quarter and one point year-over-year. India (48%) leads global hiring confidence, while China (33%) and Vietnam (28%) remain positive. Europe and the Middle East reports the weakest regional outlook at 16%, down seven points quarter-over-quarter and three points year-over-year. The United Kingdom (37%) is a regional standout, while Slovakia (-6%) and Romania (-12%) post the weakest results globally. To explore global hiring trends in detail, explore the complete Q3 2026 ManpowerGroup Employment Outlook Survey.
The next survey will be released in September 2026, reporting hiring expectations for Q4 2026.
ABOUT THE SURVEY
The ManpowerGroup Employment Outlook Survey, now in its 64th year, is the most comprehensive, forward-looking employment survey of its kind, used globally as a key labor market indicator. The Net Employment Outlook (NEO) is derived by taking the percentage of employers anticipating an increase in hiring activity and subtracting from this the percentage of employers expecting a decrease in hiring activity.
SURVEY METHODOLOGY
The data for the third quarter was collected between April 1–30, 2026. The findings are based on interviews with 40,592 public and private employers across 42 countries to measure anticipated employment changes and trends. The results reflect employer sentiment at the time of data collection and may not capture the potential impact of subsequent events. Size of organization and sector are standardized across all countries and territories to allow international comparisons.
ABOUT MANPOWERGROUP
ManpowerGroup® (NYSE: MAN), the leading global workforce solutions company, helps organizations transform in a fast-changing world of work by sourcing, assessing, developing, and managing the talent that enables them to win. We develop innovative solutions for hundreds of thousands of organizations every year, providing them with skilled talent while finding meaningful, sustainable employment for millions of people across a wide range of industries and skills. Our expert family of brands – Manpower, Experis, and Talent Solutions – creates substantially more value for candidates and clients across more than 70 countries and territories and has done so for more than 75 years. We are recognized consistently as a best place to work for Women, Inclusion, Equality, and Disability, and in 2026 ManpowerGroup was named one of the World's Most Ethical Companies for the 17th time; all confirming our position as the brand of choice for in-demand talent.
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FORWARD-LOOKING STATEMENTS
This report contains forward-looking statements, including statements regarding labor demand in certain regions, countries and industries, and economic uncertainty. Actual events or results may differ materially from those contained in the forward-looking statements, due to risks, uncertainties and assumptions. These factors include those found in the Company's reports filed with the U.S. Securities and Exchange Commission (SEC), including the information under the heading "Risk Factors" in its Annual Report on Form 10-K for the year ended December 31, 2025, whose information is incorporated herein by reference. ManpowerGroup disclaims any obligation to update any forward-looking or other statements in this release, except as required by law.
New Experis research reveals CIOs' top priorities have shifted dramatically in just one year, as AI transforms what leadership requires.
, /PRNewswire/ -- One year ago, cybersecurity kept CIOs up at night. Today, business-IT alignment has overtaken cybersecurity as the top CIO priority for the first time, as technology leaders face rising pressure to prove the business value of AI investments. According to the CIO 2026 Outlook report released today by Experis, a global leader in technology services and part of the ManpowerGroup® (NYSE: MAN) family of brands, CIOs are under greater pressure than ever to translate technology potential into measurable business results, even as their peers struggle to grasp what that requires.
CIOs share the tech skills that matter most The report draws on responses from 1,930 technology leaders across 12 countries, expanding significantly from the 1,400 respondents across nine countries surveyed in 2025. The broader sample reflects growing global urgency around the CIO function as AI moves from proof of concept to proof of value.
"CIOs are being asked to lead AI transformation, drive growth, improve productivity, and manage risk all while facing significant talent shortages," said Kye Mitchell, President of Experis U.S. "When 61% of technology leaders say their C-suite peers don't fully understand the CIO role, it creates a barrier to execution. The organizations that will win with AI are the ones that treat technology leadership as a business leadership function and invest accordingly."
Key Findings:
Business-IT alignment surges to the top CIO priority: Nearly half (48%) of IT leaders say aligning IT strategy with business objectives is the most important thing a CIO can do, up sharply from 34% in 2025 — overtaking cybersecurity for the first time. Keeping pace with change is now the #1 business barrier: 44% of tech leaders cite the pace of technological innovation as their top challenge, up from 34% in 2025. The pressure is most acute in Israel (63%), Sweden (57%), and Switzerland (56%). AI is generating returns, but scrutiny is rising: 54% of tech leaders say AI investments are already producing positive ROI. Still, 31% believe their organizations are overinvesting in AI, and just 17% classify delivering AI solutions as a top CIO responsibility. CIOs remain misunderstood: 61% of tech leaders say their senior leader peers do not fully understand the CIO role and its responsibilities, up from 49% in 2025. Training and risk strategies are slipping: Just 72% of IT leaders say their risk strategy aligns with their cybersecurity readiness, down from 77% in 2025. Only 72% conduct regular cybersecurity training, a slight decline from 74% last year. Digital sovereignty concerns grow despite offshore expansion: 81% of IT leaders name digital sovereignty a high priority, yet 67% plan to increase their dependence on offshore or nearshore IT delivery in 2026. Cybersecurity skills remain most in demand: 46% of tech leaders identify cybersecurity as the most important skill their IT teams need, followed by AI and machine learning (37%) and cloud computing (31%). Talent acquisition and retention persist as a top challenge: CIOs continue to struggle to find workers with rapidly evolving tech skills, with traditional hiring approaches falling short of the pace of change. "One of the most striking findings in this year's data is the gap between stated priorities and actual behavior on sovereignty," James Hallahan, Experis Europe Brand Leader, said. "Eighty-one percent of tech leaders say digital sovereignty is a high priority, yet two-thirds are planning to increase their dependence on offshore delivery. In Europe, where regulatory exposure and geopolitical risk make data residency a board-level conversation, that disconnect has real stakes. Organizations need to decide what sovereignty actually means to them operationally, not just rhetorically, before the gap between their stated priorities and their actual investments becomes a liability."
Six in ten tech leaders are actively implementing AI-based technologies into current systems. One-third (34%) report that automation and AI-powered solutions are delivering the best ROI in production, while 41% still see cloud computing and scalable digital infrastructure as the top ROI drivers. Cybersecurity and digital sovereignty top the list of priorities earmarked for budget increases in 2026 even as the share of IT leaders whose risk strategy aligns with their cybersecurity readiness has declined, from 77% in 2025 to 72% today.
For the full report and insights, visit www.experis.com/cio-outlook.
ABOUT EXPERIS
Experis®, a global leader in technology services, provides the experience and expertise to shorten the distance between innovation and business impact in a digital world. Experis is guided by the principle that only human ingenuity can unlock the true potential of advanced technologies like AI. For clients, Experis offers the right mix of talent and technology to accelerate progress and deliver real-world results. For individuals, Experis has the insight, size, and scale to help tech professionals expand their skills, increase their value, and find the right opportunities. By matching talent to technology in transformative ways, Experis creates brighter futures for everyone. Experis is part of the ManpowerGroup® (NYSE: MAN) family of brands, which also includes Manpower and Talent Solutions.
For more information, visit www.experis.com, or follow us on LinkedIn.
