Filing Flows › ManpowerGroup (MAN) › Q3 2025
ManpowerGroup (MAN) Q3 2025 earnings results (third quarter 2025)
10-Q filed Oct 31, 2025
ManpowerGroup (MAN) reported revenue of $4.6B for the third quarter 2025 (Q3 2025), +2% from a year earlier and +3% from the quarter before. Operating margin was 1.4%, net earnings $18.0M (0.4% of revenue).
ManpowerGroup, Q3 2025: revenue $4.6B (+2% year over year), operating margin 1.4%, net earnings $18.0M, operating cash flow $59.8M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $4.6B | +3% | +2% |
| Gross profit | $769M | +0.7% | -2% |
| Operating profit | $66.6M | — | -6% |
| Net earnings | $18.0M | — | -21% |
| Operating cash flow | $59.8M | — | -28% |
| Free cash flow | $44.7M | — | -34% |
What changed
Revenue was $4.6B in Q3 2025, up 2% year over year and up 3% from the previous quarter.
Gross margin was 16.6%, down 0.7 points from a year earlier. Operating profit was $0.07B, a 1.4% margin (down 0.1 points year over year). Operating profit fell $4.2M even though revenue rose $0.10B versus a year earlier, so costs grew faster than sales. Operating expenses fell 1% while revenue rose 2%. Net earnings were $0.02B, down 21% year over year. The effective tax rate was 66.0%.
Operating cash flow was $0.06B (down 28% year over year), 332% of net earnings. Non-cash charges added back $0.02B of depreciation and amortization and $4.9M of share-based compensation. Working capital and other items added $0.01B. Capital expenditures of $0.02B left free cash flow of $0.04B.
Questions
What was ManpowerGroup's revenue in the third quarter 2025?
ManpowerGroup (MAN) reported revenue of $4.6B for the third quarter 2025 (Q3 2025), +2% from a year earlier and +3% from the quarter before.
Was ManpowerGroup profitable in the third quarter 2025?
Operating profit was $66.6M (1.4% of revenue) and net earnings $18.0M.
Source: ManpowerGroup 10-Q on SEC EDGAR.