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ManpowerGroup Q3 Earnings Nearly Double as Revenue Rises 4% to $4.8 Billion

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MAN$51.96 0.62%

ManpowerGroup Inc. (NYSE:MAN) reported third-quarter net earnings of $34.1 million, or $0.71 per diluted share, up from $18.0 million, or $0.38 per diluted share, in the prior year period. Total revenue for the quarter reached $4.8 billion, representing a 4% increase as reported and a 5% gain in constant currency. On an adjusted basis, excluding $0.30 per share in transformation costs, restructuring charges, and currency losses in Argentina, diluted earnings per share reached $1.01.

The quarterly performance was led by strong demand in the core Manpower staffing brand, particularly within the United States. Furthermore, the technology staffing arm Experis returned to positive revenue growth in the U.S., while operations in Northern Europe showed noticeable gains in revenue and operating unit profit. Corporate cost reduction efforts also helped support profitability across global operations.

Looking ahead to the fourth quarter of 2026, the workforce solutions firm expects diluted earnings per share to land between $1.03 and $1.13, with an estimated effective tax rate of 44%. Investors will also monitor an upcoming leadership transition, as Becky Frankiewicz is scheduled to take over as Chief Executive Officer on January 1, 2027, with current CEO Jonas Prising shifting to Executive Chair.

Key points

  • Third-quarter net income rose to $34.1 million, or $0.71 per diluted share, compared to $18.0 million, or $0.38 per diluted share, a year earlier.
  • Revenue increased 4% year-over-year to $4.8 billion, driven by strength in the core Manpower brand and U.S. operations.
  • Adjusted earnings reached $1.01 per share, excluding $0.30 in restructuring charges, transformation costs, and foreign exchange impacts.
  • The company expects fourth-quarter diluted earnings per share to range between $1.03 and $1.13.
  • Becky Frankiewicz will succeed Jonas Prising as Chief Executive Officer on January 1, 2027.

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Questions and answers

What were ManpowerGroup's Q3 2026 earnings?

ManpowerGroup reported net earnings of $34.1 million, or $0.71 per diluted share. Adjusted earnings per share reached $1.01.

What was ManpowerGroup's revenue for the third quarter of 2026?

Revenues were $4.8 billion, a 4% increase compared to the third quarter of the previous year.

Who is the new CEO of ManpowerGroup?

Becky Frankiewicz will become Chief Executive Officer on January 1, 2027, as Jonas Prising transitions to Executive Chair.