ManpowerGroup Swings to Q2 Profit, Guides Q3 EPS $0.96–$1.06
MAN sits 64% above its 52-week low of $25.15.
Summary
ManpowerGroup reported Q2 2026 net earnings of $53.5M ($1.13/share) vs. a $67.1M loss last year, with revenue up 8% to $4.9B. The company guided Q3 EPS of $0.96–$1.06 and highlighted a strengthened balance sheet after repaying $585.8M in long-term debt.
Key Events · Earnings and Guidance · MAN
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Q2 Profit Swing
Net earnings of $53.5M ($1.13 diluted EPS) compared to a net loss of $67.1M ($1.44 loss per share) in Q2 2025. Adjusted EPS of $0.99, up 27% constant currency.
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Revenue Growth Accelerates
Revenue of $4.9B, up 8% reported (6% constant currency), driven by 14% growth in the Americas and 7% in Southern Europe. Manpower brand organic CC revenue growth improved to 8%.
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Jefferson Wells Sale Closes
Completed sale of Jefferson Wells U.S. business for $100M, generating net cash proceeds of $88M and a $23.8M net-of-tax gain.
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Q3 Guidance Issued
Expects Q3 diluted EPS of $0.96–$1.06, including an estimated $0.02 unfavorable currency impact and a 44% effective tax rate.
Analysis · MAN · Trade & Services
ManpowerGroup delivered a sharp turnaround in Q2 2026, posting net earnings of $53.5 million versus a $67.1 million loss a year ago. Revenue grew 8% to $4.9 billion, driven by strong demand in the Americas and select European markets. The company also completed the $100 million sale of its Jefferson Wells U.S. business, which contributed $23.8 million net of tax to earnings. While gross margin compressed 80 basis points to 16.1%, SG&A fell 15.3% as restructuring and cost discipline took hold. The balance sheet strengthened significantly — total debt was cut by over $600 million in the first half, though cash reserves dropped to $180.6 million. Q3 guidance of $0.96–$1.06 per share implies continued momentum, but the 44% effective tax rate remains a headwind. This report confirms the operational inflection the company has been signaling, with profitability restored and leverage reduced.
How filings like this one have moved
In the 30 days to Oct 2, 2026, 29.6% of the 1645 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.57%. These are measured outcomes after filings of this importance, not a forecast for this one.
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At the time of this filing, MAN was trading at $41.25 on NYSE in the Trade & Services sector, with a market capitalization of approximately $1.8B. The 52-week trading range was $25.15 to $47.34. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.