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ManpowerGroup (MAN) earnings and revenue breakdown
Latest: Q3 2026 · 10-Q filed Oct 30, 2026 · ManpowerGroup (MAN) Q3 2026 earnings results →
Q3 2026 Revenue up 4% year over year to $4.8B · 1¢ of every $1 of revenue kept as net profit · operating margin 1.7%
ManpowerGroup made $4.8B in Q3 2026 (+4% Y/Y). Operating margin 1.7%, net earnings $34.1M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Oct 30, 2026.
Drawing the Sankey…
Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF
What changed this quarter
Revenue was $4.8B in Q3 2026, up 4% year over year and roughly flat from the previous quarter.
Gross margin was 15.9%, down 0.7 points from Q3 2025. Operating profit was $0.08B, a 1.7% margin (up 0.3 points year over year). Of the extra revenue versus Q3 2025, 8% reached operating profit, above the 1% margin then. Operating expenses fell 2% while revenue rose 4%. Net earnings were $0.03B, up 89% year over year. The effective tax rate was 49.9%.
Operating cash flow was −$0.01B. Non-cash charges added back $0.02B of depreciation and amortization and $0.01B of share-based compensation. Working capital and other items used $0.07B. Capital expenditures of $0.01B exceeded it, leaving free cash flow of −$0.02B.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q3 2026 | 10-Q | Oct 30, 2026 | $4.8B | +4% | 1.7% | $34.1M | −$8.0M |
| Q2 2026 | 10-Q | Aug 7, 2026 | $4.9B | +8% | 2.3% | $53.5M | −$2.7M |
| Q1 2026 | 10-Q | May 8, 2026 | $4.5B | +10% | 0.6% | $2.5M | −$126M |
| Q4 2025 | 10-K | Feb 23, 2026 | $4.7B | +7% | 1.7% | $30.2M | $179M |
| Q3 2025 | 10-Q | Oct 31, 2025 | $4.6B | +2% | 1.4% | $18.0M | $59.8M |
| Q2 2025 | 10-Q | Aug 5, 2025 | $4.5B | 0% | -0.6% | −$67.1M | −$190M |
| Q1 2025 | 10-Q | May 2, 2025 | $4.1B | -7% | 0.7% | $5.6M | −$153M |
Charts
Interactive views
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💵Where each $1 goesinteractive
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🌏Named in Asian annual reportsinteractive
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🔄Rotation against the market and its industry (RRG)interactive
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🔍Earnings qualityinteractive
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⚖️Fair value by methodinteractive
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🔭Outlook & guidanceinteractive
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📈Investments: gains and what it boughtinteractive
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🏭Its industry’s money flow (input-output)interactive
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About ManpowerGroup
ManpowerGroup Inc. is a global leader in innovative workforce solutions. Through our network of approximately 2,100 offices in more than 70 countries and territories, we put millions of people to work each year with our global, multinational and local clients across all major industry segments. Our strong and distinct brands provide specialized solutions that drive organizations forward, accelerate individual success and help build more sustainable communities. We power the future of work. By offering a comprehensive range of workforce solutions and services, we help companies improve strategy, quality, and efficiency, increase productivity and reduce costs across their workforce to achieve their business goals. ManpowerGroup’s offerings of innovative workforce solutions and services include:
In its own words, from its 10-K, filed Feb 23, 2026.
ManpowerGroup against its Services-Help Supply Services peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +4% against the peers' median +2%. Operating margin: 1.7% against the peers' median 2.4%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| MAN ManpowerGroup | Q3 2026 | $4.8B | +4% | 1.7% |
| NSP Insperity | Q3 2026 | $1.7B | +2% | -0.1% |
| RHI Robert Half | Q3 2026 | $1.4B | +0.4% | 5.5% |
| EFOR Everforth | Q3 2026 | $1.0B | +2% | 5.5% |
| KELYA Kelly Services | Q3 2026 | $927M | -0.8% | 0.1% |
| AMN AMN Healthcare Services | Q3 2026 | $717M | +13% | 7.0% |
| TBI TrueBlue | Q3 2026 | $521M | +21% | 2.3% |
| TTEC Ttec Holdings | Q2 2026 | $455M | -11% | 2.4% |
| KFRC Kforce | Q3 2026 | $358M | +8% | 6.3% |
Source: ManpowerGroup 10-Q on SEC EDGAR · CIK 871763 · Services-Help Supply Services
13F: who owns MAN and who is buying
More on MAN
History
Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results