ManpowerGroup Reports Revenue Growth and Profit Turnaround in Q2 2026

ManpowerGroup Inc. reported a significant improvement in its financial performance for the second quarter and first half of 2026, with revenues from services reaching $4.86 billion and $9.37 billion, respectively. This represents a year-over-year increase of 7.5% for the quarter and 8.8% for the six-month period. The company achieved a net profit of $53.5 million for the second quarter, compared to a loss of $67.1 million in the same period last year. For the first half, net earnings were $56.0 million, a notable recovery from a loss of $61.5 million in 2025. Earnings per share for the second quarter were $1.13, up from a loss of $1.44 per share a year earlier.

The financial results reflect a strategic turnaround, particularly in the Americas, where revenues surged by 14.4% in the second quarter, driven by increased demand for staffing services. The company also benefited from favorable currency exchange rates, which contributed positively to revenue growth. In contrast, the Experis interim services segment saw a decline in demand, impacting overall performance. The Southern Europe segment also reported a 7.4% revenue increase, while Northern Europe experienced a more modest 3.9% growth. However, the APME region faced a slight revenue decline of 1.2%, primarily due to adverse currency effects.

Operationally, ManpowerGroup has made significant changes, including the sale of its Jefferson Wells U.S. business, which generated a one-time gain of $30 million. This transaction, along with a strategic focus on enhancing its core staffing services, has contributed to improved profitability. The company recorded a gross profit of $780.3 million for the second quarter, with a gross profit margin of 16.1%, down from 16.9% a year earlier, primarily due to shifts in business mix and the impact of the sale of higher-margin operations.

Looking ahead, ManpowerGroup's management expressed optimism about continued growth, citing stable activity levels across key markets and a positive outlook for demand in staffing services. The company is focused on executing its transformation strategy to position itself for long-term profitable growth. However, it remains cautious about potential economic uncertainties that could impact future performance. The company’s liquidity position is strong, with cash and cash equivalents totaling $180.6 million as of June 30, 2026, and access to additional credit facilities, ensuring it can meet its operational needs and strategic initiatives.