ManpowerGroup Q4 2025 Revenues Reach $4.7 Billion

By Chris Stiles • Thursday, January 29 12:35 • Permanent Link

ManpowerGroup (NYSE: MAN) has reported its financial results for the fourth quarter of 2025, with revenues reaching $4.7 billion, marking a 7% increase from the prior year period. On a constant currency basis, revenues increased by 1%, and on an organic constant currency basis, revenues increased by 2% compared to the prior year period.

The company's net earnings for the three months ended December 31, 2025, were $30.2 million, compared to $22.5 million in the prior year period. This translated to net earnings of $0.64 per diluted share for the quarter, up from $0.47 per diluted share in the prior year period.

The increase in revenues was attributed to ongoing stabilization across North America and Europe, with sequential improvement in France and market-leading growth in Italy. Latin America and Asia Pacific also saw continued strong demand during the quarter.

Gross profit margin for the quarter was reported at 16.3%, reflecting softer than expected permanent recruitment activity in Europe. However, year-over-year staffing margin trends held steady from the previous quarter.

ManpowerGroup's cash provided by operating activities during the quarter equaled $179 million, with free cash flow representing $168 million.

Looking ahead, the company anticipates diluted earnings per share in the first quarter to be between $0.45 and $0.55, which includes an estimated favorable currency impact of 6 cents and a 43.0% effective tax rate.

For the full year ended December 31, 2025, ManpowerGroup reported net losses of $13.3 million, or net losses of $0.29 per basic share, compared to net earnings of $145.1 million, or net earnings of $3.01 per diluted share in the prior year. Revenues for the year were $18.0 billion, representing an increase of 1% compared to the prior year, or a decrease of 2% in constant currency.

Jonas Prising, ManpowerGroup Chair & CEO, expressed satisfaction with the company's solid fourth-quarter results, citing improving stabilization in market trends and continued execution of their go-to-market and cost optimization strategy.

Following these announcements, the company's shares moved -2.91%, and are now trading at a price of $30.07. Check out the company's full 8-K submission here.

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