| Metric | Value ($ M) | Q2 FY25 | Q3 FY24 |
|---|---|---|---|
| Revenue | 4.6K | 2.5% | 2.3% |
| Total Income | 4.6K | 2.5% | 2.3% |
| Expenditure | 4.6K | 0.5% | 2.4% |
| PBT | 52.90 | 226.6% | 10.6% |
| Net Profit | 18.00 | 126.8% | 21.1% |
| OPM | 1.44% | 2.00pp | 0.13pp |
| NPM | 0.39% | 1.87pp | 0.11pp |
| EPS | 0.39 | 127.1% | 18.8% |
ManpowerGroup Reports Q3 2025 Results: Revenue $4.6B, Up 2%
04 May 2026 · 4 May, 9:02 am
Summary
ManpowerGroup reported a 2% increase in revenue to $4.6 billion for the third quarter of 2025. Net earnings decreased to $0.38 per diluted share, compared to $0.47 in the prior year period. The current year quarter included restructuring costs and Argentina hyperinflationary related non-cash currency translation losses which reduced earnings per share by $0.45 in the third quarter. The company anticipates diluted earnings per share in the fourth quarter to be between $0.78 and $0.88, which includes an estimated favorable currency impact of 8 cents and a 46.5% effective tax rate.
Key Highlights
- 1
ManpowerGroup reported revenues of $4.6 billion for Q3 2025, a 2% increase as reported.
- 2
On a constant currency basis, revenues decreased by 2% compared to the prior year period, but increased 1% on an organic constant currency basis.
- 3
Net earnings were $0.38 per diluted share for Q3 2025, compared to $0.47 per diluted share in the prior year period.
- 4
Net earnings in the quarter were $18.0 million compared to net earnings of $22.8 million a year earlier.
- 5
The gross profit margin was 16.6%, reflecting lower permanent recruitment activity and a business mix shift driven by enterprise clients.
- 6
Diluted earnings per share in the fourth quarter are anticipated to be between $0.78 and $0.88, including an estimated favorable currency impact of 8 cents.
- 7
Revenues for the nine-month period were $13.2 billion, representing a decrease of 2% compared to the prior year or a decrease of 3% in constant currency.
Management Comments
Jonas Prising
After 11 consecutive quarters of organic constant currency revenue declines, we crossed back over to growth during the third quarter. The stabilization of demand in recent quarters in North America and Europe, despite ongoing tariff uncertainty, has been a key factor in the revenue trend improvement. Currently our entire organization has a relentless focus on two main outcomes - Winning In The Market to increase our market share and the acceleration of initiatives to remove structural costs from the organization to drive a more efficient ManpowerGroup for the future. We are pleased with our progress in both and confident in our ability to deliver long-term value to all of our stakeholders.
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