ManpowerGroup (MAN) Stock Price & How to Invest
Last updated July 2026
Short answer
ManpowerGroup (MAN) is a deeply cyclical global staffing company trading at a low-single-digit multiple of normalized earnings with a mid-single-digit dividend yield, so it tends to attract value and recovery-oriented investors betting on a European and US hiring rebound rather than growth investors.
MAN stock price
As of 2026-07-16, ManpowerGroup (MAN) last closed at $51.65, up 16.4% over the past year. Over the past 52 weeks it has traded between $25.75 and $51.65.
Prices are daily closing prices from Yahoo Finance and may be delayed. For the live quote, check your broker or ManpowerGroup's investor relations page. Walnut is informational, not investment advice.
What does ManpowerGroup (MAN) do?
ManpowerGroup is one of the world's largest workforce solutions companies, providing temporary and permanent staffing, professional recruitment, managed service programs and workforce consulting across roughly 70 countries. It operates through three main brands: Manpower (light industrial and commercial staffing), Experis (IT and professional resourcing) and Talent Solutions (RPO, MSP and career management). France is its single largest market at around a fifth of revenue, which makes European labor demand a major swing factor, and total revenue runs near $18 billion a year.
The investment picture is that of a low-margin, high-volume cyclical. Staffing is a leading indicator of the economy, so MAN's revenue and especially its high-incremental-margin permanent placement business swing sharply with hiring cycles. After a soft stretch tied to European weakness in 2023 through 2025, results in early 2026 showed revenue stabilizing and returning to modest growth, though gross margins compressed as business mixed toward large enterprise clients. The stock trades at a modest valuation with a mid-single-digit dividend yield, reflecting both the cyclical discount and market uncertainty about how AI reshapes demand for traditional staffing intermediaries.
What's driving ManpowerGroup (MAN)?
1. Cyclical hiring recovery
MAN's earnings are highly geared to the direction of global hiring, particularly in Europe and the US. Management pointed to stabilizing revenue trends, steadier engagement levels and rising manufacturing PMIs in early 2026, so a broader labor-market inflection would flow disproportionately to profit given the operating leverage in permanent placement and higher-margin work.
2. Digital and AI transformation
The company is rolling out AI tooling such as PowerSuite to speed candidate matching and improve productivity, and it has launched a multi-year strategic transformation program to cut costs and modernize operations. Execution here is meant to defend margins and relevance, though it carries near-term restructuring charges that weigh on reported earnings.
3. Capital returns and valuation
MAN pays a semi-annual dividend totaling roughly $1.44 per share annually, a mid-single-digit yield at recent prices, and has historically repurchased stock. A low multiple on normalized earnings is part of the appeal for value-oriented holders, but the payout and buyback capacity depend on the cycle turning.
4. Mix shift toward solutions
Growth in Talent Solutions and Experis professional and IT staffing carries different economics than commodity light-industrial staffing. A durable shift toward higher-value outsourcing and consulting could lift blended margins over time, partially offsetting pressure in the lower-margin, large-enterprise-heavy staffing base.
What are the risks to ManpowerGroup (MAN)?
MAN is exposed to the full force of the economic cycle: a recession or prolonged European stagnation would cut both volumes and high-margin permanent recruitment, as seen in the weak 2023 to 2025 stretch. A large share of revenue comes from France and continental Europe, adding currency and regional-policy sensitivity. The company has reported net losses driven by impairment and restructuring charges, and gross margins have compressed on client mix. The most structural risk is AI: automated sourcing, matching and talent marketplaces could disintermediate parts of traditional staffing, and if MAN's own AI transformation lags peers like Randstad and Adecco, competitive position and pricing power could erode. Thin operating margins mean small revenue swings move profits sharply.
How is ManpowerGroup (MAN) valued? (approximate, July 2026)
A simple financial snapshot. These are approximations and refresh quarterly; for current figures see ManpowerGroup's investor relations page or your broker.
- Revenue (TTM): ~$18B
- Q1 2026 revenue: ~$4.5B (up ~10% reported, ~3% constant currency)
- Q1 2026 adjusted EPS: ~$0.51 (GAAP $0.05 after restructuring charges)
- Market cap: ~$1.8B
- Dividend: ~$1.44/yr (semi-annual), yield ~4.5%
- Gross margin: ~16% (down from ~17%)
MAN carries a very small market cap relative to its roughly $18 billion in revenue, which is characteristic of a low-margin, high-turnover staffing model. Reported GAAP results have been depressed by restructuring and prior impairment charges, so many investors focus on adjusted earnings and normalized mid-cycle profitability. The valuation looks cheap on a recovery basis but reflects genuine cyclical and structural uncertainty.
Who competes with ManpowerGroup (MAN)?
Global staffing leaders
Randstad and The Adecco Group are MAN's largest direct rivals, each bigger by revenue and competing across the same temporary, permanent and outsourced-workforce markets. Together the three define scale and pricing benchmarks in a fragmented industry where MAN holds roughly a low-single-digit global share.
Professional and specialized staffing
Robert Half and Insperity compete in higher-margin professional niches such as finance, accounting and IT, overlapping with MAN's Experis brand. These firms often carry richer margins and command a premium for specialized placement.
AI platforms and talent marketplaces
AI-powered sourcing tools, online talent marketplaces and staffing-tech platforms increasingly let employers handle sourcing, screening and scheduling directly, pressuring traditional agency intermediation and pricing at the commodity end of the market.
How to invest in ManpowerGroup (MAN)
There are three common ways to get MAN exposure. Buy shares (or fractional shares) directly at any major broker. Hold an ETF that includes it, which spreads the position across many companies. Or build it into a focused thematic basket, so MAN sits alongside other stocks that express the same thesis.
Walnut takes the basket route. Describe a thesis where MAN fits (for example “AI infrastructure” or “dividend-growth large-caps”) and the AI proposes 5 to 6 constituents with target weights. You review the plan and fund it through your own broker when you're ready.
The bottom line on ManpowerGroup (MAN)
MAN is a cheap, dividend-paying cyclical whose fortunes hinge on the direction of global hiring and on whether AI-driven staffing pressures erode or reshape its core business.
More on ManpowerGroup (MAN)
Whether MAN is worth buying today depends more on your time horizon and what you already hold than on any single call. We walk through valuation, what would have to go right, and the risks in is MAN a buy?, and where the stock could go from here in the MAN stock forecast.
For income investors, whether MAN pays a dividend and how the payout looks is covered in does MAN pay a dividend?
Build a basket around MAN with Walnut
Use ManpowerGroup as one constituent in a thematic basket Walnut's AI helps you assemble. Describe a thesis you believe in, the AI proposes the holdings and weights, and you approve before any broker order.
FAQ
What does ManpowerGroup do?
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It is a global workforce solutions company that provides temporary and permanent staffing, professional recruitment, recruitment process outsourcing, managed service programs and workforce consulting across about 70 countries, through its Manpower, Experis and Talent Solutions brands.
Why is MAN's market cap so small relative to its revenue?
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Staffing is a low-margin, high-volume business. MAN passes most of its roughly $18 billion in revenue through to the wages of the temporary workers it places, so it keeps only a thin slice as profit, which is why the market cap of around $1.8 billion looks small next to headline revenue.
Does ManpowerGroup pay a dividend?
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Yes. MAN pays a semi-annual dividend totaling roughly $1.44 per share per year, which works out to a mid-single-digit yield near recent prices. The dividend depends on the company's cash generation, which is cyclical.
Why is MAN considered a cyclical stock?
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Staffing demand rises and falls with the economy and hiring appetite. Temporary staffing and permanent placement are among the first things employers cut in a downturn and add back in a recovery, so MAN's revenue and profits swing sharply with the business cycle and act as a leading economic indicator.
How does AI affect ManpowerGroup?
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AI is both a tool and a threat. MAN is deploying AI (such as its PowerSuite tooling) to match candidates faster and cut costs, but AI-driven sourcing platforms and talent marketplaces could also disintermediate parts of traditional staffing, which is a key structural uncertainty for the business.
Who are ManpowerGroup's main competitors?
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Its largest global rivals are Randstad and The Adecco Group. In specialized professional staffing it competes with firms like Robert Half, and increasingly with AI-powered recruiting platforms and online talent marketplaces at the commodity end.
Why did MAN report net losses recently?
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Recent GAAP results were pulled down by restructuring and strategic-transformation charges plus prior impairment charges, on top of a weak European hiring backdrop. Adjusted earnings, which exclude those one-time items, have remained positive.
What could drive ManpowerGroup's results going forward?
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The biggest swing factors are the direction of hiring in Europe (especially France) and the US, the pace of its cost-cutting and AI transformation, the mix shift toward higher-value solutions, and whether margins recover from recent compression. All of these hinge heavily on the broader economic cycle.
Walnut is informational, not investment advice. Financial figures on this page are approximations; always verify current numbers with ManpowerGroup's investor relations page or your broker before making investment decisions.