Filing Flows › ManpowerGroup (MAN) › Q1 2026
ManpowerGroup (MAN) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 8, 2026
ManpowerGroup (MAN) reported revenue of $4.5B for the first quarter 2026 (Q1 2026), +10% from a year earlier and -4% from the quarter before. Operating margin was 0.6%, net earnings $2.5M (0.1% of revenue).
ManpowerGroup, Q1 2026: revenue $4.5B (+10% year over year), operating margin 0.6%, net earnings $2.5M, operating cash flow −$126M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $4.5B | -4% | +10% |
| Gross profit | $723M | -6% | +4% |
| Operating profit | $28.3M | -65% | +0.4% |
| Net earnings | $2.5M | -92% | -55% |
| Operating cash flow | −$126M | -171% | — |
What changed
Revenue was $4.5B in Q1 2026, up 10% year over year and down 4% from the previous quarter.
Gross margin was 16.0%, down 1.0 points from Q1 2025. Operating profit was $0.03B, a 0.6% margin (down 0.1 points year over year). Of the extra revenue versus Q1 2025, 0% reached operating profit, below the 1% margin then. Operating expenses grew 4% against revenue growth of 10%. Net earnings were $2.5M, down 55% year over year. The effective tax rate was 83.8%.
Operating cash flow was −$0.13B. Non-cash charges added back $0.02B of depreciation and amortization and $0.01B of share-based compensation. Working capital and other items used $0.15B. Capital expenditures of $0.01B exceeded it, leaving free cash flow of −$0.14B.
Questions
What was ManpowerGroup's revenue in the first quarter 2026?
ManpowerGroup (MAN) reported revenue of $4.5B for the first quarter 2026 (Q1 2026), +10% from a year earlier and -4% from the quarter before.
Was ManpowerGroup profitable in the first quarter 2026?
Operating profit was $28.3M (0.6% of revenue) and net earnings $2.5M.
Source: ManpowerGroup 10-Q on SEC EDGAR.