Filing Flows › ManpowerGroup (MAN) › Q2 2025
ManpowerGroup (MAN) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 5, 2025
ManpowerGroup (MAN) reported revenue of $4.5B for the second quarter 2025 (Q2 2025), 0% from a year earlier and +10% from the quarter before. Operating margin was -0.6%, net loss $67.1M (1.5% of revenue).
ManpowerGroup, Q2 2025: revenue $4.5B (0% year over year), operating margin -0.6%, net loss $67.1M, operating cash flow −$190M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $4.5B | +10% | 0% |
| Operating profit | −$25.3M | -190% | — |
| Net earnings | −$67.1M | -1298% | — |
| Operating cash flow | −$190M | — | — |
What changed
Revenue was $4.5B in Q2 2025, roughly flat year over year and up 10% from the previous quarter.
Gross margin was 16.9%, down 0.5 points from a year earlier. Operating costs exceeded revenue by $0.03B, an operating margin of -0.6%. Operating expenses grew 15% against flat revenue. The quarter ended with a net loss of $0.07B, after a profit of $0.01B the previous quarter.
Operating cash flow was −$0.19B. 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 $0.02B exceeded it, leaving free cash flow of −$0.21B.
Questions
What was ManpowerGroup's revenue in the second quarter 2025?
ManpowerGroup (MAN) reported revenue of $4.5B for the second quarter 2025 (Q2 2025), 0% from a year earlier and +10% from the quarter before.
Was ManpowerGroup profitable in the second quarter 2025?
Operating loss was $25.3M (-0.6% of revenue) and net loss $67.1M.
Source: ManpowerGroup 10-Q on SEC EDGAR.