| Metric | Value ($ M) | Q1 FY26 | Q2 FY25 |
|---|---|---|---|
| Revenue | 4.9K | 7.8% | 7.5% |
| Total Income | 4.9K | 7.8% | 7.5% |
| Expenditure | 4.7K | 5.9% | 4.5% |
| PBT | 92.40 | 500.0% | 321.1% |
| Net Profit | 53.50 | 2040.0% | 179.7% |
| OPM | 2.30% | 1.68pp | 2.86pp |
| NPM | 1.10% | 1.05pp | 2.59pp |
| EPS | 1.14 | 2180.0% | 179.2% |
ManpowerGroup Reports 2nd Quarter 2026 Results
16 Jul 2026 · 16 Jul, 5:01 pm
Summary
ManpowerGroup reported strong second quarter 2026 results with revenues reaching $4.9 billion, up 8% as reported and 6% in constant currency. The company achieved net earnings of $53.5 million ($1.13 per diluted share), a substantial turnaround from a net loss in the prior year. This performance was driven by strong demand in key regions, improved trends across its brands, and effective cost management. Management highlighted good execution, continued cost discipline, and improving demand as key drivers, and expressed confidence that 2026 represents an inflection point for long-term durable profitable growth.
Key Highlights
- 1
ManpowerGroup reported revenues of $4.9 billion for the second quarter of 2026, an 8% increase as reported and a 6% increase on a constant currency basis compared to the prior year period.
- 2
Net earnings for the second quarter of 2026 were $53.5 million, or $1.13 per diluted share, a significant improvement from net losses of $67.1 million, or $1.44 per diluted share, in the prior year period.
- 3
The company saw strong demand in the United States, Latin America, APME, and select European countries, contributing to revenue growth across its brands.
- 4
Gross profit growth combined with reductions in Selling and Administrative Expenses (SG&A) led to meaningful year-over-year growth in profitability.
- 5
The sale of the Jefferson Wells U.S. business for $100 million generated net cash proceeds of $88 million during the quarter.
- 6
Excluding certain items, earnings per share was $0.99, representing an increase of 27% in constant currency for the second quarter of 2026.
Management Comments
Jonas Prising
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.
Informational and educational content only. Not investment advice.