ManpowerGroup Inc. (MAN)

Model N Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	17,540	17,854	18,915	19,828	20,724	18,001
Revenue Growth (YoY)	-3.79%	-5.61%	-4.61%	-4.33%	15.13%	-13.72%
Cost of Revenue	14,540	14,767	15,557	16,255	17,317	15,176
Gross Profit	2,999	3,087	3,358	3,572	3,408	2,825
Selling, General & Admin	2,704	2,717	2,893	2,924	2,769	2,434
Operating Expenses	2,713	2,726	2,898	2,931	2,787	2,454
Operating Income	285.8	361.2	460.1	641.8	620.6	370.9
Interest Expense	-96.1	-90	-79.7	-46.9	-38.8	-43.3
Interest & Investment Income	31.7	33.3	34.2	17.9	12	13.1
Currency Exchange Gain (Loss)	-4.2	-6.2	-21.8	-11.9	-5.2	-4.9
Other Non Operating Income (Expenses)	15	20.2	18.7	15.8	14.7	-4.8
EBT Excluding Unusual Items	232.2	318.5	411.5	616.7	603.3	331
Merger & Restructuring Charges	-53.6	-53.6	-149.2	-3.6	-34	-110.7
Impairment of Goodwill	-	-	-55.1	-50	-	-66.8
Gain (Loss) on Sale of Assets	-8.1	-8.1	-1.3	-6	-1.2	-5.8
Pretax Income	81.8	256.8	205.9	557.1	568.1	147.7
Income Tax Expense	98	111.7	117.1	183.3	185.7	123.9
Net Income	-16.2	145.1	88.8	373.8	382.4	23.8
Net Income to Common	-16.2	145.1	88.8	373.8	382.4	23.8
Net Income Growth	-	63.40%	-76.24%	-2.25%	1506.72%	-94.89%
Shares Outstanding (Basic)	47	48	50	52	55	58
Shares Outstanding (Diluted)	47	48	50	53	55	58
Shares Change (YoY)	-4.37%	-4.17%	-4.54%	-4.69%	-4.97%	-3.32%
EPS (Basic)	-0.34	3.04	1.78	7.16	7.02	0.41
EPS (Diluted)	-0.34	3.01	1.76	7.08	6.91	0.41
EPS Growth	-	71.02%	-75.14%	2.46%	1585.37%	-94.69%
Free Cash Flow	-70.4	258.1	270	347.7	580.6	885.7
Free Cash Flow Per Share	-1.50	5.34	5.36	6.58	10.48	15.19
Dividend Per Share	2.260	3.080	2.940	2.720	2.520	2.260
Dividend Growth	-24.92%	4.76%	8.09%	7.94%	11.50%	3.67%
Gross Margin	17.10%	17.29%	17.75%	18.02%	16.44%	15.69%
Operating Margin	1.63%	2.02%	2.43%	3.24%	3.00%	2.06%
Profit Margin	-0.09%	0.81%	0.47%	1.88%	1.85%	0.13%
Free Cash Flow Margin	-0.40%	1.45%	1.43%	1.75%	2.80%	4.92%
EBITDA	357	432	534.9	716.6	688.5	445.4
EBITDA Margin	2.04%	2.42%	2.83%	3.61%	3.32%	2.47%
D&A For EBITDA	71.2	70.8	74.8	74.8	67.9	74.5
EBIT	285.8	361.2	460.1	641.8	620.6	370.9
EBIT Margin	1.63%	2.02%	2.43%	3.24%	3.00%	2.06%
Effective Tax Rate	119.80%	43.50%	56.87%	32.90%	32.69%	83.89%
Advertising Expenses	-	28.3	28.9	29.6	28.1	22.2

Updated Jul 17, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q