ManpowerGroup Inc. (MAN) is a global leader in workforce solutions and services, operating in approximately 75 countries and territories. The company specializes in providing innovative workforce solutions across major industry segments, including permanent, temporary, and contract recruitment; assessment and selection; training and development; outsourcing; career management; and workforce consulting services. MAN serves a wide variety of clients, offering services that cater to diverse recruitment and workforce needs.
- Staffing and Interim - Provides temporary staffing services to meet short-term workforce needs.
- Southern Europe Segment - Operates in countries such as France, Italy, and Spain, offering a range of workforce solutions.
- Northern Europe Segment - Includes operations in the UK, Germany, and Nordics, providing staffing and recruitment services.
- Asia Pacific Middle East (APME) Segment - Offers recruitment, assessment, and outsourcing services in regions like Japan and India.
- Outcome-Based Solutions and Consulting - Delivers project-based and consulting services tailored to specific client requirements.
- Permanent Recruitment - Specializes in the placement of permanent employees across various industries.
- Other Services - Includes various additional offerings to complement the main service lines.
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| Name | Position | External Roles | Short Bio | |
|---|---|---|---|---|
Becky Frankiewicz ExecutiveBoard | President & Chief Strategy Officer | Director at Energizer Holdings, Inc. since January 2020 | Becky Frankiewicz is the President & Chief Strategy Officer at MAN since June 1, 2025, having previously served as Regional President, North America (July 2017 - June 2022) and Regional President, North America and Chief Commercial Officer (June 2022 - May 2025). | |
Ger Doyle Executive | Regional President, North America | Ger Doyle is the Regional President, North America at MAN since June 1, 2025, and previously served as U.S. Country Manager and Head of Experis U.S., contributing significantly to the company's strategic operations. | ||
John T. McGinnis Executive | Executive Vice President and Chief Financial Officer | John T. McGinnis is the Executive Vice President and Chief Financial Officer at ManpowerGroup Inc. since February 2016. Previously, he served as Global Controller at Morgan Stanley from January 2014 to February 2016 and held CFO roles at HSBC North America (July 2012 to January 2014) and HSBC Bank USA (July 2010 to January 2014). | ||
Jonas Prising Executive | Chief Executive Officer | Director of Kohl's Corporation | CEO of ManpowerGroup since May 2014, also serving as Chairman since December 31, 2015 and previously held other leadership roles since 1999. | View Report → |
Michelle S. Nettles Executive | Executive Vice President, Chief People and Legal Officer | Director of RXO, Inc. (since November 2022) | Michelle S. Nettles is the Executive Vice President, Chief People and Legal Officer at ManpowerGroup since January 2025. Previously, she served as Executive Vice President, Chief People and Culture Officer from May 2022 to December 2024 and as Senior Vice President from July 2019 to May 2022. | |
Elizabeth P. Sartain Board | Director | Independent Human Resource Advisor and Consultant; Director of AARP; Chairman of the Board of the AARP Foundation | Elizabeth P. Sartain has served as a director at MAN since 2010 and chaired the People, Culture and Compensation Committee until May 2024. She brings extensive human resources expertise from prior roles at Yahoo! Inc. and Southwest Airlines. | |
Jean-Philippe Courtois Board | Board Member | Chairman of the Board of Directors for SKEMA Business School; President and Cofounder, Live for Good; President of the Mission Committee of Open Classroom; Director of CEDEP | Jean-Philippe Courtois has been serving as a Board Member at ManpowerGroup since 2020. Previously, he held senior leadership roles at Microsoft, including as Executive Vice President and President, National Transformation Partnerships from July 2021 to September 2024. | |
John F. Ferraro Board | Director, Chair of the Audit Committee | Director at Advance Auto Parts; Director at International Flavors and Fragrances; Director at Triumvirate Environmental Inc. Holdings LP | John F. Ferraro has been serving as a director at ManpowerGroup since 2016 and is the Chair of the Audit Committee. Previously, he held executive roles at EY, including Global COO between 2007 and 2015. | |
Julie M. Howard Board | Lead Director | Director of Sleep Number Corporation (since May 2020); Director of Treliant; Director of Riveron Consulting | Julie M. Howard has been with ManpowerGroup since 2016 and currently serves as Lead Director. She has held significant executive roles in her career, including CEO at Riveron Consulting and Navigant Consulting. | |
Michael J. Van Handel Board | Director | Director of ICF International; Director of BMO Financial Corporation | Michael J. Van Handel has been a director at ManpowerGroup since 2017. He previously served as CFO from 1998 to 2016 and Senior Executive Vice President from 2016 to 2017. | |
Muriel Pénicaud Board | director | Senior Advisor to Bain Capital; Director of Publica HoldCo; Director of Galileo Global Education; Member of Advisory Board of the Global Summit of Women | Muriel Pénicaud has served as a director at ManpowerGroup since 2022 and is a member of the People, Culture, and Compensation Committee, contributing deep expertise from previous roles including Senior Advisor to Bain Capital and key government positions. | |
Paul Read Board | Director | Paul Read is a Director at ManpowerGroup since 2014 and serves as Chair of the Audit Committee. He has extensive experience in finance and technology, having served as Chief Financial Officer of Flextronics International from 2008 to 2013 and as President Global Technology Business and Chief Operating Officer of Ingram Micro from 2013 to 2016. | ||
Ulice Payne Board | Director | President and Managing Member of Addison-Clifton, LLC ; Director of WEC Energy Group ; Director of Foot Locker, Inc. | Ulice Payne, Jr. has served as a director at ManpowerGroup since 2007 and contributes his expertise on the Audit and Governance and Sustainability Committees. | |
William P. Gipson Board | Director | Director of Rockwell Automation; Director of STEM Pathway to MBA (University of Alabama); Director of CityLink (Cincinnati) | William P. Gipson has been a director at ManpowerGroup since 2020 and serves on the People, Culture and Compensation Committee. Previously, he held several leadership roles at P&G, contributing significantly to operational and managerial expertise. |
Research analysts who have asked questions during ManpowerGroup earnings calls.
Kartik Mehta
Northcoast Research
4 questions for MAN
Mark Marcon
Baird
4 questions for MAN
Trevor Romeo
William Blair
4 questions for MAN
Andrew Steinerman
JPMorgan Chase & Co.
3 questions for MAN
Joshua Chan
UBS Group AG
3 questions for MAN
Keen Fai Tong
Goldman Sachs Group Inc.
3 questions for MAN
Princy Thomas
Barclays
3 questions for MAN
Tobey Sommer
Truist Securities, Inc.
3 questions for MAN
Andy Grobler
BNP Paribas
1 question for MAN
George Tong
Goldman Sachs
1 question for MAN
Josh Chan
UBS Group AG
1 question for MAN
Manav Patnaik
Barclays
1 question for MAN
Ryan Griffin
BMO Capital Markets
1 question for MAN
Stephanie Benjamin Moore
Jefferies
1 question for MAN
Stephanie Moore
Jefferies
1 question for MAN
Tyler Barishaw
Truist Securities
1 question for MAN
Notable M&A activity and strategic investments in the past 3 years.
| Company | Year | Details |
|---|---|---|
Franchise in the United States | 2024 | The acquisition involved a total cash consideration of $7.7 million (net of cash acquired), which includes both payment for the franchise and contingent consideration related to a previous acquisition, reflecting an investment in its U.S. operations. |
Tingari | 2022 | The Tingari deal was valued at $18.1 million (net cash consideration) and supports ManpowerGroup’s global strategy by adding talent solutions capabilities in France, aligning with its diversified business mix. |
ettain group | 2021 | Acquired for a total cash consideration of $930.9 million (primarily for acquired interests, funded with cash on hand and a revolving credit facility), the acquisition was aimed at accelerating diversification into higher growth services within the Experis business in the Americas and delivered a significant revenue contribution. |
Recent press releases and 8-K filings for MAN.
- ManpowerGroup reported Q3 2025 revenue of $4.6 billion, a 2% decrease year over year in constant currency, but achieved a return to organic constant currency revenue growth after 11 consecutive quarters of declines.
- Adjusted earnings per diluted share was $0.83, a 39% decrease year over year in constant currency, with adjusted EBITDA at $96 million and an adjusted EBITDA margin of 2.1%.
- The company observed stabilization in demand across North America and Europe, with the Manpower brand showing growth in several regions and early signs of stabilization in Experis's professional and IT hiring. Talent Solutions' managed service provider offering also saw strong revenue growth.
- Geographically, the Americas segment revenue increased 6% in constant currency, and the Asia-Pacific Middle East (APME) segment revenue increased 8% in organic constant currency, driven by strong performance in Japan. AI investments, particularly Sophy AI, are contributing to new client revenue, with approximately 30% of new client revenue derived from AI-rated probability.
- For Q4 2025, ManpowerGroup anticipates SG&A leverage to significantly impact EBITDA, reflecting disciplined cost control and efficiency improvements, aiming for a relatively stable EBITDA level from Q3 to Q4.
- ManpowerGroup reported Q3 2025 revenue of $4.6 billion, a 2% decrease year-over-year in constant currency. However, the company achieved 0.5% organic days adjusted constant currency revenue growth, marking a return to growth after eleven consecutive quarters of declines.
- Adjusted EBITDA for Q3 2025 was $96 million (2.1% margin), a 22% decrease in constant currency, and adjusted diluted EPS was $0.83, down 39% year-over-year in constant currency.
- For Q4 2025, the company forecasts EPS between $0.78 and $0.88 and expects constant currency revenue to range from a 2% decrease to a 2% increase, with the midpoint being flat.
- The Manpower brand grew 3% organically in constant currency, driven by stabilization in North America and Europe. The company's AI-enabled data insights are contributing to new client revenue, with approximately 30% derived from AI-rated probability, and it anticipates SG&A leverage to positively impact Q4 EBITDA due to cost control actions.
- ManpowerGroup reported Q3 2025 revenue of $4.6 billion, an increase of 2% as reported, but a decrease of 2% in constant currency.
- Adjusted diluted earnings per share (EPS) for Q3 2025 was $0.83, a 36% decrease from the prior year.
- The company returned to organic constant currency revenue growth in Q3 2025, ending a streak of 11 consecutive quarters of declines.
- For Q4 2025, ManpowerGroup anticipates EPS between $0.78 and $0.88, with total revenue projected to be up 3-7% (down 2% / up 2% CC).
- As of September 30, 2025, total debt was $1,216 million and net debt was $941 million, with a Net Debt-to-EBITDA ratio of 3.18 to 1.
- ManpowerGroup reported Q3 2025 revenues of $4.6 billion, representing a 2% increase as reported, a 2% decrease in constant currency, and a 1% increase in organic constant currency.
- This marks the company's first organic constant currency revenue growth in 11 consecutive quarters.
- Reported diluted earnings per share (EPS) for Q3 2025 was $0.38, while adjusted EPS was $0.83 after excluding $0.45 per share in restructuring costs and non-cash currency translation losses.
- The gross profit margin for Q3 2025 was 16.6%.
- The company anticipates diluted EPS for the fourth quarter of 2025 to be between $0.78 and $0.88.
- ManpowerGroup reported revenues of $4.6 billion for the third quarter ended September 30, 2025, a 2% increase year-over-year, with diluted earnings per share of $0.38.
- The company achieved 1% organic constant currency revenue growth in Q3 2025, marking a return to growth after 11 consecutive quarters of declines, attributed to stabilization in North America and Europe.
- For the nine months ended September 30, 2025, ManpowerGroup reported net losses of $43.5 million on revenues of $13.2 billion.
- ManpowerGroup expects diluted earnings per share for the fourth quarter to be between $0.78 and $0.88.