ManpowerGroup Inc. (MAN) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Sales/Revenue | 4.51B | 4.71B | 4.63B | 4.52B | 4.09B | 4.4B | 4.53B | 4.52B | 4.4B | 4.63B | 4.68B | 4.86B | 4.75B | 4.81B | 4.8B | 5.07B | 5.14B | 5.38B | 5.14B | 5.28B |
| Revenue Growth % | 10.27% | 7.12% | 2.3% | -0.03% | -7.11% | -4.98% | -3.11% | -6.91% | -7.34% | -3.72% | -2.61% | -4.3% | -7.6% | -10.65% | -6.61% | -3.85% | 4.45% | 6.48% | 12.12% | 41.02% |
| Cost of Goods Sold | 3.79B | 3.95B | 3.86B | 3.76B | 3.39B | 3.64B | 3.75B | 3.73B | 3.64B | 3.82B | 3.85B | 3.99B | 3.89B | 3.93B | 3.92B | 4.15B | 4.25B | 4.46B | 4.29B | 4.42B |
| COGS % of Revenue | 83.97% | 83.73% | 83.24% | 83.1% | 82.93% | 82.84% | 82.74% | 82.62% | 82.66% | 82.49% | 82.42% | 82.24% | 81.84% | 81.79% | 81.7% | 81.85% | 82.56% | 82.79% | 83.41% | 83.7% |
| Gross Profit | 723M | 766.7M | 776.8M | 763.7M | 698.3M | 755.1M | 782.1M | 785.9M | 763.7M | 810.7M | 821.9M | 862.3M | 863.1M | 875.6M | 878.5M | 921.2M | 897.1M | 926.3M | 853M | 860.1M |
| Gross Margin % | 16.03% | 16.27% | 16.76% | 16.9% | 17.07% | 17.16% | 17.26% | 17.38% | 17.34% | 17.51% | 17.58% | 17.76% | 18.16% | 18.21% | 18.3% | 18.15% | 17.44% | 17.21% | 16.59% | 16.3% |
| Gross Profit Growth % | 3.54% | 1.54% | -0.68% | -2.82% | -8.56% | -6.86% | -4.84% | -8.86% | -11.52% | -7.41% | -6.44% | -6.39% | -3.79% | -5.47% | 2.99% | 7.1% | 16.79% | 15.95% | 17.64% | 49.14% |
| Operating Expenses | 694.7M | 686.1M | 710.2M | 789M | 670.1M | 686.9M | 711.3M | 684.8M | 697.8M | 675.4M | 752.1M | 754.7M | 745.2M | 774.8M | 717M | 740.5M | 758.4M | 759.7M | 702.5M | 690.2M |
| OpEx % of Revenue | 15.4% | 14.56% | 15.32% | 17.46% | 16.38% | 15.61% | 15.7% | 15.15% | 15.85% | 14.59% | 16.09% | 15.54% | 15.68% | 16.11% | 14.93% | 14.59% | 14.75% | 14.11% | 13.67% | 13.08% |
| Selling, General & Admin | 694.7M | 686.1M | 702.3M | 700.3M | 670.1M | 686.9M | 711.3M | 684.8M | 697.8M | 675.4M | 752.1M | 754.7M | 745.2M | 724.8M | 717M | 740.5M | 758.4M | 759.7M | 702.5M | 690.2M |
| SG&A % of Revenue | 15.4% | 14.56% | 15.15% | 15.5% | 16.38% | 15.61% | 15.7% | 15.15% | 15.85% | 14.59% | 16.09% | 15.54% | 15.68% | 15.07% | 14.93% | 14.59% | 14.75% | 14.11% | 13.67% | 13.08% |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | 0 | 0 | 1000K | 1000K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1000K | 0 | 0 | 0 | 0 | 0 | 0 |
| Operating Income | 28.3M | 80.6M | 66.6M | -25.3M | 28.2M | 68.2M | 70.8M | 101.1M | 65.9M | 135.3M | 69.8M | 107.6M | 117.9M | 100.8M | 161.5M | 180.7M | 138.7M | 166.6M | 150.5M | 169.9M |
| Operating Margin % | 0.63% | 1.71% | 1.44% | -0.56% | 0.69% | 1.55% | 1.56% | 2.24% | 1.5% | 2.92% | 1.49% | 2.22% | 2.48% | 2.1% | 3.36% | 3.56% | 2.7% | 3.1% | 2.93% | 3.22% |
| Operating Income Growth % | 0.35% | 18.18% | -5.93% | -125.02% | -57.21% | -49.59% | 1.43% | -6.04% | -44.11% | 34.23% | -56.78% | -40.45% | -15% | -39.5% | 7.31% | 6.36% | 40.96% | 20.46% | 144.32% | 439.8% |
| EBITDA | 48.5M | 101.1M | 88.7M | -3.1M | 49.4M | 90M | 92.6M | 122.5M | 87.5M | 159.6M | 91.5M | 129.2M | 138.9M | 121.5M | 182.9M | 201.9M | 160M | 189.1M | 167M | 186.4M |
| EBITDA Margin % | 1.08% | 2.15% | 1.91% | -0.07% | 1.21% | 2.05% | 2.04% | 2.71% | 1.99% | 3.45% | 1.96% | 2.66% | 2.92% | 2.53% | 3.81% | 3.98% | 3.11% | 3.51% | 3.25% | 3.53% |
| EBITDA Growth % | -1.82% | 12.33% | -4.21% | -102.53% | -43.54% | -43.61% | 1.2% | -5.19% | -37% | 31.36% | -49.97% | -36.01% | -13.19% | -35.75% | 9.52% | 8.32% | 37.58% | 18.78% | 108.75% | 689.87% |
| D&A (Non-Cash Add-back) | 20.2M | 20.5M | 22.1M | 22.2M | 21.2M | 21.8M | 21.8M | 21.4M | 21.6M | 24.3M | 21.7M | 21.6M | 21M | 20.7M | 21.4M | 21.2M | 21.3M | 22.5M | 16.5M | 16.5M |
| EBIT | 41.1M | 88.5M | 76.9M | -15.8M | 39.2M | 70.7M | 83.8M | 114.4M | 77.9M | -35M | 107.9M | 115.8M | 129.1M | 105.5M | 167.4M | 183.7M | 142.4M | 171.7M | 162M | 176.8M |
| Net Interest Income | -19.6M | -17.1M | -17.1M | -17.8M | -15.6M | -33.2M | -10.6M | -6.9M | -12.3M | -10.3M | -9.1M | -6.7M | -10.6M | -7.3M | -6.3M | -7.8M | -7.6M | -6.4M | -6.7M | -6.6M |
| Interest Income | 6.1M | 5.8M | 6.9M | 8.2M | 6.9M | -10.2M | 14M | 15.1M | 8.1M | 9.7M | 11.9M | 13.3M | 8.1M | 7.9M | 4.4M | 2.8M | 2.8M | 2.9M | 2.9M | 3.1M |
| Interest Expense | 25.7M | 22.9M | 24M | 26M | 22.5M | 23M | 24.6M | 22M | 20.4M | 20M | 21M | 20M | 18.7M | 15.2M | 10.7M | 10.6M | 10.4M | 9.3M | 9.6M | 9.7M |
| Other Income/Expense | -12.9M | -15M | -13.7M | -16.5M | -11.5M | -20.5M | -11.6M | -8.7M | -8.4M | -190.3M | -15.1M | -11.8M | -7.5M | -10.5M | -4.7M | -6.7M | -2.7M | -4.2M | -4.9M | -2.8M |
| Pretax Income | 15.4M | 65.6M | 52.9M | -41.8M | 16.7M | 47.7M | 59.2M | 92.4M | 57.5M | -55M | 54.7M | 95.8M | 110.4M | 90.3M | 156.8M | 174M | 136M | 162.4M | 145.6M | 167.1M |
| Pretax Margin % | 0.34% | 1.39% | 1.14% | -0.92% | 0.41% | 1.08% | 1.31% | 2.04% | 1.31% | -1.19% | 1.17% | 1.97% | 2.32% | 1.88% | 3.27% | 3.43% | 2.64% | 3.02% | 2.83% | 3.17% |
| Income Tax | 12.9M | 35.4M | 34.9M | 25.3M | 11.1M | 25.2M | 36.4M | 32.3M | 17.8M | 29.5M | 24.4M | 30.6M | 32.6M | 41.6M | 45.5M | 51.8M | 44.4M | 51.3M | 47.9M | 55.5M |
| Effective Tax Rate % | 83.77% | 53.96% | 65.97% | -60.53% | 66.47% | 52.83% | 61.49% | 34.96% | 30.96% | -53.64% | 44.61% | 31.94% | 29.53% | 46.07% | 29.02% | 29.77% | 32.65% | 31.59% | 32.9% | 33.21% |
| Net Income | 2.5M | 30.2M | 18M | -67.1M | 5.6M | 22.5M | 22.8M | 60.1M | 39.7M | -84.5M | 30.3M | 65.2M | 77.8M | 48.7M | 111.3M | 122.2M | 91.6M | 111.1M | 97.7M | 111.6M |
| Net Margin % | 0.06% | 0.64% | 0.39% | -1.48% | 0.14% | 0.51% | 0.5% | 1.33% | 0.9% | -1.82% | 0.65% | 1.34% | 1.64% | 1.01% | 2.32% | 2.41% | 1.78% | 2.06% | 1.9% | 2.11% |
| Net Income Growth % | -55.36% | 34.22% | -21.05% | -211.65% | -85.89% | 126.63% | -24.75% | -7.82% | -48.97% | -273.51% | -72.78% | -46.64% | -15.07% | -56.17% | 13.92% | 9.5% | 47.74% | 45.8% | 848.54% | 273.29% |
| Net Income (Continuing) | 2.5M | 30.2M | 18M | -67.1M | 5.6M | 22.5M | 22.8M | 60.1M | 39.7M | -84.5M | 30.3M | 65.2M | 77.8M | 48.7M | 111.3M | 122.2M | 91.6M | 111.1M | 97.7M | 111.6M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 500K | 700K | 600K | 800K | 2.1M | 1.7M | 1.6M | 9M | 11M | 10.8M | 10.6M | 10.6M | 11M | 10.8M | 10.5M | 9.6M | 10.6M | 10M | 9.8M | 9.6M |
| EPS (Diluted) | 0.05 | 0.64 | 0.38 | -1.44 | 0.12 | 0.47 | 0.47 | 1.24 | 0.81 | -1.74 | 0.60 | 1.29 | 1.51 | 0.95 | 2.13 | 2.29 | 1.68 | 2.02 | 1.77 | 2.02 |
| EPS Growth % | -58.33% | 36.17% | -19.15% | -216.13% | -85.19% | 127.01% | -21.67% | -3.88% | -46.36% | -283.16% | -71.83% | -43.67% | -10.12% | -52.97% | 20.34% | 13.37% | 51.35% | 51.88% | 883.33% | 281.98% |
| EPS (Basic) | 0.05 | 0.65 | 0.39 | -1.44 | 0.12 | 0.48 | 0.48 | 1.25 | 0.82 | -1.74 | 0.61 | 1.30 | 1.53 | 0.96 | 2.15 | 2.32 | 1.71 | 2.05 | 1.80 | 2.05 |
| Diluted Shares Outstanding | 47.1M | 46.9M | 46.9M | 46.5M | 47.3M | 47.7M | 48.1M | 48.4M | 48.9M | 48.7M | 50.1M | 50.7M | 51.6M | 51.4M | 52.3M | 53.4M | 54.4M | 55M | 55.2M | 55.4M |
| Basic Shares Outstanding | 46.7M | 46.5M | 46.5M | 46.5M | 46.8M | 47.2M | 47.6M | 47.9M | 48.3M | 48.7M | 49.5M | 50.2M | 50.9M | 50.8M | 51.7M | 52.7M | 53.6M | 54.2M | 54.3M | 54.5M |
| Dividend Payout Ratio | - | 110.6% | 223.33% | - | - | 321.33% | - | 122.3% | - | - | - | 112.12% | - | 141.07% | - | 58.27% | - | 61.48% | - | 61.2% |