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ManpowerGroup Inc (MAN) Financial History

20 years of revenue, earnings, cash-flow and balance-sheet history from public filings.

INDUSTRIALS · STAFFING & EMPLOYMENT SERVICES · DATA UPDATED 2026-08-29

ManpowerGroup Inc (MAN) operates in the STAFFING & EMPLOYMENT SERVICES industry and is headquartered in Milwaukee, United States with about 25,400 employees. Its market capitalization is roughly $3 billion. In the fiscal year ended 2025-12-31, MAN reported $18.0B in revenue and ($13M) in net income.

ManpowerGroup Inc. provides workforce solutions and services under the Manpower, the Experis, and the Talent Solutions brands in the Americas, Southern Europe, Northern Europe, and the Asia Pacific/the Middle East.

Interactive charts & full statements → Open the MAN valuation workbench →

MAN Revenue & Earnings History — Annual Income Statement

Income statement	TTM → 2026-06-30	2025-12-31	2024-12-31	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31	2011-12-31	2010-12-31	2009-12-31	2008-12-31	2007-12-31	2006-12-31
Total Revenue	$18.7B	$18.0B	$17.9B	$18.9B	$19.8B	$20.7B	$18.0B	$20.9B	$22.0B	$21.0B	$19.7B	$19.3B	$20.8B	$20.2B	$20.7B	$22.0B	$18.9B	$16.0B	$21.6B	$20.5B	$17.6B
Gross Profit	$3.0B	$3.0B	$3.1B	$3.4B	$3.6B	$3.4B	$2.8B	$3.4B	$3.6B	$3.5B	$3.3B	$3.3B	$3.5B	$3.4B	$3.4B	$3.7B	$3.2B	$2.8B	$4.1B	$3.8B	$3.1B
Gross Margin %	16.3%	16.7%	17.3%	17.8%	18.0%	16.4%	15.7%	16.2%	16.3%	16.6%	17.0%	17.1%	16.8%	16.6%	16.7%	16.8%	17.2%	17.6%	19.0%	18.8%	17.9%
Operating Income (EBIT)	$287M	$239M	$306M	$256M	$660M	$585M	$371M	$645M	$797M	$788M	$751M	$689M	$720M	$512M	$412M	$524M	($122M)	$42M	$509M	$825M	$532M
Operating Margin %	1.5%	1.3%	1.7%	1.4%	3.3%	2.8%	2.1%	3.1%	3.6%	3.8%	3.8%	3.6%	3.5%	2.5%	2.0%	2.4%	-0.7%	0.3%	2.4%	4.0%	3.0%
Net Income	$104M	($13M)	$145M	$89M	$374M	$382M	$24M	$466M	$557M	$545M	$444M	$419M	$428M	$288M	$198M	$252M	($264M)	($9M)	$219M	$485M	$398M
Net Margin %	0.6%	-0.1%	0.8%	0.5%	1.9%	1.8%	0.1%	2.2%	2.5%	2.6%	2.3%	2.2%	2.1%	1.4%	1.0%	1.1%	-1.4%	-0.1%	1.0%	2.4%	2.3%
EBITDA	$431M	$275M	$433M	$256M	$689M	$680M	$267M	$807M	$892M	$866M	$835M	$774M	$802M	$607M	$518M	$627M	($11M)	$136M	$629M	$944M	$621M
Earnings Per Share (EPS)	$2.21	$-0.29	$3.00	$1.76	$7.08	$6.90	$0.41	$7.72	$8.55	$8.03	$6.27	$5.40	$5.30	$3.62	$2.47	$3.04	$-3.25	$-0.12	$2.75	$5.73	$4.54
Shares Outstanding (M)	47M	47M	48M	50M	53M	55M	58M	60M	65M	68M	71M	78M	81M	80M	80M	83M	81M	78M	80M	85M	88M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

MAN Quarterly Revenue & Earnings — Last 8 Quarters

Quarterly income statement	2026-06-30	2026-03-31	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30
Total Revenue	$4.9B	$4.5B	$4.7B	$4.6B	$4.5B	$4.1B	$4.4B	$4.5B
Gross Profit	$780M	$723M	$767M	$777M	$764M	$698M	$755M	$782M
Gross Margin %	16.1%	16.0%	16.3%	16.8%	16.9%	17.1%	17.2%	17.3%
Operating Income (EBIT)	$112M	$28M	$81M	$67M	($25M)	$28M	$68M	$71M
Operating Margin %	2.3%	0.6%	1.7%	1.4%	-0.6%	0.7%	1.6%	1.6%
Net Income	$54M	$2M	$30M	$18M	($67M)	$6M	$22M	$23M
Net Margin %	1.1%	0.1%	0.6%	0.4%	-1.5%	0.1%	0.5%	0.5%
EBITDA	$162M	$61M	$109M	$99M	$6M	$60M	$92M	$106M
Earnings Per Share (EPS)	$1.13	$0.05	$0.64	$0.38	$-1.44	$0.12	$0.47	$0.47
Shares Outstanding (M)	47M	47M	47M	47M	46M	47M	48M	48M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

MAN Free Cash Flow History

Cash flow	TTM → 2026-06-30	2025-12-31	2024-12-31	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31	2011-12-31	2010-12-31	2009-12-31	2008-12-31	2007-12-31	2006-12-31
Cash from Operations (CFO)	$100M	($104M)	$309M	$348M	$423M	$645M	$936M	$814M	$483M	$401M	$600M	$512M	$306M	$397M	$332M	$69M	$182M	$414M	$792M	$432M	$359M
Capital Expenditures (CapEx)	$41M	$57M	$51M	$78M	$76M	$64M	$51M	$53M	$65M	$55M	$57M	$52M	$52M	$45M	$72M	$65M	$58M	$35M	$93M	$92M	$80M
Free Cash Flow (FCF)	$59M	($161M)	$258M	$270M	$348M	$581M	$886M	$762M	$418M	$346M	$543M	$459M	$255M	$352M	$260M	$4M	$124M	$379M	$699M	$341M	$279M
FCF Margin %	0.3%	-0.9%	1.5%	1.4%	1.8%	2.8%	4.9%	3.6%	1.9%	1.7%	2.8%	2.4%	1.2%	1.7%	1.3%	0.0%	0.7%	2.4%	3.2%	1.7%	1.6%
Dividends Paid	—	$67M	$146M	$144M	$140M	$137M	$129M	$129M	$127M	$124M	$118M	$121M	$77M	$72M	$68M	$65M	$61M	$58M	$58M	$57M	$51M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

MAN Quarterly Free Cash Flow — Last 8 Quarters

Quarterly cash flow	2026-06-30	2026-03-31	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30
Cash from Operations (CFO)	($13M)	($126M)	$179M	$60M	($190M)	($153M)	$248M	$84M
Capital Expenditures (CapEx)	$6M	$9M	$11M	$15M	$18M	$14M	$11M	$16M
Free Cash Flow (FCF)	($19M)	($135M)	$168M	$45M	($207M)	($167M)	$236M	$67M
FCF Margin %	-0.4%	-3.0%	3.6%	1.0%	-4.6%	-4.1%	5.4%	1.5%
Dividends Paid	$34M	—	$33M	$40M	$33M	—	$72M	$0M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

MAN Balance Sheet History

Balance sheet	2026-06-30	2025-12-31	2024-12-31	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31	2011-12-31	2010-12-31	2009-12-31	2008-12-31	2007-12-31	2006-12-31
Total Assets	$8.4B	$9.2B	$8.2B	$8.8B	$9.1B	$9.8B	$9.3B	$9.2B	$8.5B	$8.9B	$7.6B	$7.5B	$7.2B	$7.3B	$7.0B	$6.9B	$6.7B	$6.2B	$6.6B	$7.2B	$6.5B
Cash & Cash Equivalents	$181M	$871M	$509M	$581M	$639M	$848M	$1.6B	$1.0B	$592M	$689M	$598M	$730M	$699M	$738M	$648M	$580M	$773M	$1.0B	$874M	$538M	$688M
Total Liabilities	$6.3B	$7.1B	$6.1B	$6.6B	$6.7B	$7.3B	$6.9B	$6.5B	$5.8B	$6.0B	$5.1B	$4.8B	$4.2B	$4.4B	$4.5B	$4.4B	$4.3B	$3.7B	$4.1B	$4.6B	$4.0B
Total Debt (Short + Long-Term)	$1.1B	$1.8B	$953M	$1.1B	$1.1B	$1.1B	$1.2B	$1.2B	$1.1B	$948M	$2.2B	$855M	$469M	$518M	$770M	$700M	$698M	$757M	$953M	$914M	$823M
Total Shareholders' Equity	$2.1B	$2.1B	$2.1B	$2.2B	$2.4B	$2.5B	$2.4B	$2.7B	$2.6B	$2.8B	$2.4B	$2.6B	$2.9B	$2.9B	$2.5B	$2.5B	$2.4B	$2.5B	$2.5B	$2.7B	$2.5B

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

Quarterly statements, profitability ratios, price history, insider activity and institutional holders are in the interactive MAN viewer.

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