Filing Flows › ManpowerGroup (MAN) › Q1 2025
ManpowerGroup (MAN) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 2, 2025
ManpowerGroup (MAN) reported revenue of $4.1B for the first quarter 2025 (Q1 2025), -7% from a year earlier and -7% from the quarter before. Operating margin was 0.7%, net earnings $5.6M (0.1% of revenue).
ManpowerGroup, Q1 2025: revenue $4.1B (-7% year over year), operating margin 0.7%, net earnings $5.6M, operating cash flow −$153M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $4.1B | -7% | -7% |
| Gross profit | $698M | -8% | -9% |
| Operating profit | $28.2M | -59% | -57% |
| Net earnings | $5.6M | -75% | -86% |
| Operating cash flow | −$153M | — | — |
What changed
Revenue was $4.1B in Q1 2025, down 7% year over year and down 7% from the previous quarter.
Gross margin was 17.1%, down 0.3 points from a year earlier. Operating profit was $0.03B, a 0.7% margin (down 0.8 points year over year). Operating expenses fell 4% while revenue fell 7%. Net earnings were $0.01B, down 86% year over year. The effective tax rate was 66.5%.
Operating cash flow was −$0.15B. Non-cash charges added back $0.02B of depreciation and amortization and $0.01B of share-based compensation. Working capital and other items used $0.19B. Capital expenditures of $0.01B exceeded it, leaving free cash flow of −$0.17B.
Questions
What was ManpowerGroup's revenue in the first quarter 2025?
ManpowerGroup (MAN) reported revenue of $4.1B for the first quarter 2025 (Q1 2025), -7% from a year earlier and -7% from the quarter before.
Was ManpowerGroup profitable in the first quarter 2025?
Operating profit was $28.2M (0.7% of revenue) and net earnings $5.6M.
Source: ManpowerGroup 10-Q on SEC EDGAR.