Filing Flows › ManpowerGroup (MAN) › Q4 2025
ManpowerGroup (MAN) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Feb 23, 2026
ManpowerGroup (MAN) reported revenue of $4.7B for the fourth quarter 2025 (Q4 2025), +7% from a year earlier and +2% from the quarter before. Operating margin was 1.7%, net earnings $30.2M (0.6% of revenue).
ManpowerGroup, Q4 2025: revenue $4.7B (+7% year over year), operating margin 1.7%, net earnings $30.2M, operating cash flow $179M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $4.7B | +2% | +7% |
| Gross profit | $767M | -0.3% | +2% |
| Operating profit | $80.6M | +21% | +18% |
| Net earnings | $30.2M | +68% | +34% |
| Operating cash flow | $179M | +199% | -28% |
| Free cash flow | $168M | +276% | -29% |
What changed
Revenue was $4.7B in Q4 2025, up 7% year over year and up 2% from the previous quarter.
Gross margin was 16.3%, down 0.9 points from a year earlier. Operating profit was $0.08B, a 1.7% margin (up 0.2 points year over year). Of the extra revenue versus a year earlier, 4% reached operating profit, above the 2% margin then. Operating expenses fell 0% while revenue rose 7%. Net earnings were $0.03B, up 34% year over year. The effective tax rate was 54.0%.
Operating cash flow was $0.18B (down 28% year over year), 592% of net earnings. Non-cash charges added back $0.02B of depreciation and amortization and $0.01B of share-based compensation. Working capital and other items added $0.12B. Capital expenditures of $0.01B left free cash flow of $0.17B.
Questions
What was ManpowerGroup's revenue in the fourth quarter 2025?
ManpowerGroup (MAN) reported revenue of $4.7B for the fourth quarter 2025 (Q4 2025), +7% from a year earlier and +2% from the quarter before.
Was ManpowerGroup profitable in the fourth quarter 2025?
Operating profit was $80.6M (1.7% of revenue) and net earnings $30.2M.
Source: ManpowerGroup 10-K on SEC EDGAR.