ManpowerGroup Reports $67.1 Million Net Loss in Q2 2025 Amid Revenue Stability

ManpowerGroup Inc. reported a net loss of $67.1 million for the second quarter of 2025, a significant decline from the net earnings of $60.1 million recorded in the same period last year. The company's revenues from services remained relatively stable, totaling $4.52 billion, a slight decrease of 0.04% compared to $4.52 billion in the second quarter of 2024. However, the company experienced a gross profit of $763.7 million, down from $785.9 million year-over-year, reflecting a gross profit margin decrease from 17.4% to 16.9%. The operating loss for the quarter was $25.3 million, compared to an operating profit of $101.1 million in the prior year.

In the first half of 2025, ManpowerGroup's revenues from services decreased by 3.5% to $8.61 billion, down from $8.92 billion in the first half of 2024. The company reported a net loss of $61.5 million for the six-month period, compared to net earnings of $99.8 million in the previous year. The gross profit for the first half was $1.46 billion, down from $1.55 billion, with a gross profit margin of 17.0%, a decline from 17.4% in the prior year. The company attributed the decline in profitability to increased selling and administrative expenses, which rose by 5.5% to $1.46 billion, driven by goodwill and intangible asset impairment charges totaling $88.7 million.

Operationally, ManpowerGroup faced challenges in various regions. In the Americas, revenues decreased by 0.4%, primarily due to a decline in demand for Experis interim services, although there was an increase in demand for Manpower staffing services. Southern Europe saw a 2.4% revenue increase, largely due to favorable currency exchange rates, while Northern Europe experienced a 5.1% revenue decline, attributed to decreased demand for staffing and interim services. The Asia Pacific, Middle East, and Africa (APME) segment reported a 3.0% revenue decrease, primarily due to the prior year's disposition of the Korea business.

The company also undertook strategic restructuring efforts, incurring $30.2 million in restructuring costs during the first half of 2025, compared to no such costs in the same period last year. This restructuring is part of a broader strategy to optimize operations amid challenging market conditions. Looking ahead, ManpowerGroup anticipates a mixed business environment, with potential headwinds impacting operations, particularly in Europe and North America. The company remains focused on stabilizing its operations and adapting to ongoing macroeconomic uncertainties.