ManpowerGroup Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	17,957	17,854	18,915	19,828	20,724
Revenue Growth (YoY)	0.58%	-5.61%	-4.61%	-4.33%	15.13%
Cost of Revenue	14,960	14,767	15,557	16,255	17,317
Gross Profit	2,998	3,087	3,358	3,572	3,408
Selling, General & Admin	2,759	2,717	2,893	2,924	2,769
Operating Expenses	2,759	2,726	2,898	2,931	2,787
Operating Income	238.8	361.2	460.1	641.8	620.6
Interest Expense	-95.4	-90	-79.7	-46.9	-38.8
Interest & Investment Income	27.8	33.3	34.2	17.9	12
Currency Exchange Gain (Loss)	-6.5	-6.2	-21.8	-11.9	-5.2
Other Non Operating Income (Expenses)	17.4	20.2	18.7	15.8	14.7
EBT Excluding Unusual Items	182.1	318.5	411.5	616.7	603.3
Merger & Restructuring Charges	-	-53.6	-149.2	-3.6	-34
Impairment of Goodwill	-88.7	-	-55.1	-50	-
Gain (Loss) on Sale of Assets	-	-8.1	-1.3	-6	-1.2
Pretax Income	93.4	256.8	205.9	557.1	568.1
Income Tax Expense	106.7	111.7	117.1	183.3	185.7
Net Income	-13.3	145.1	88.8	373.8	382.4
Net Income to Common	-13.3	145.1	88.8	373.8	382.4
Net Income Growth	-	63.40%	-76.24%	-2.25%	1506.72%
Shares Outstanding (Basic)	47	48	50	52	55
Shares Outstanding (Diluted)	47	48	50	53	55
Shares Change (YoY)	-3.52%	-4.17%	-4.54%	-4.69%	-4.97%
EPS (Basic)	-0.29	3.04	1.78	7.16	7.02
EPS (Diluted)	-0.29	3.01	1.76	7.08	6.91
EPS Growth	-	71.02%	-75.14%	2.46%	1585.37%
Free Cash Flow	-161.4	258.1	270	347.7	580.6
Free Cash Flow Per Share	-3.46	5.34	5.36	6.58	10.48
Dividend Per Share	1.440	3.080	2.940	2.720	2.520
Dividend Growth	-53.25%	4.76%	8.09%	7.94%	11.50%
Gross Margin	16.69%	17.29%	17.75%	18.02%	16.44%
Operating Margin	1.33%	2.02%	2.43%	3.24%	3.00%
Profit Margin	-0.07%	0.81%	0.47%	1.88%	1.85%
Free Cash Flow Margin	-0.90%	1.45%	1.43%	1.75%	2.80%
EBITDA	324.8	432	534.9	716.6	688.5
EBITDA Margin	1.81%	2.42%	2.83%	3.61%	3.32%
D&A For EBITDA	86	70.8	74.8	74.8	67.9
EBIT	238.8	361.2	460.1	641.8	620.6
EBIT Margin	1.33%	2.02%	2.43%	3.24%	3.00%
Effective Tax Rate	114.24%	43.50%	56.87%	32.90%	32.69%
Advertising Expenses	-	28.3	28.9	29.6	28.1

Updated Jan 29, 2026. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

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