ManpowerGroup (MAN) Earnings: Q3 2026 Results and Next Report Date

The quarter ended September 30, 2026 and ManpowerGroup published the results on October 15, 2026. Revenue and diluted EPS are shown against Q3 2025, the same quarter a year earlier, which takes seasonal swings out of the comparison. ManpowerGroup reports EPS two ways: GAAP, under the accounting rules every US filer follows, and as adjusted, which leaves out items the company considers outside its operating results. The release reconciles the two, and when they diverge, the reconciliation says why.

• Q3 2026 GAAP EPS includes restructuring costs, strategic transformation program costs, a business sale adjustment and Argentina hyperinflation currency losses that ManpowerGroup says reduced EPS by $0.30. Year-ago items reduced EPS by $0.45.
• ManpowerGroup sold its Jefferson Wells U.S. business, part of Experis in the Americas segment, in the second quarter of 2026, which lowers reported Experis revenue.

Source: ManpowerGroup Q3 2026 results, October 15, 2026. Also in the Form 10-Q for the quarter ended September 30, 2026. Figures as reported; checked against the release on November 10, 2026.

How ManpowerGroup splits revenue in its own release, under its own labels, for Q3 2026 against Q3 2025. Indented lines are parts of the line above them.

• ManpowerGroup's Americas revenue was $1.2 billion in Q3 2026, up 13% from $1.1 billion in Q3 2025, 26% of total revenue.
• ManpowerGroup's Southern Europe revenue was $2.2 billion in Q3 2026, up 1% from $2.2 billion in Q3 2025, 46% of total revenue.
• ManpowerGroup's Northern Europe revenue was $861 million in Q3 2026, up 5% from $817 million in Q3 2025, 18% of total revenue.
• ManpowerGroup's APME revenue was $515 million in Q3 2026, down 1% from $521 million in Q3 2025, 11% of total revenue.

Segment lines are the figures writers cite most often, because they show where the growth in a quarter came from. Companies redraw their segments from time to time and restate the prior year to match, so a year-ago figure here can differ from the one printed a year ago. When that has happened, the note above says so.

From the earnings release

ManpowerGroup's results presentation (Exhibit 99.2) also gives a Q4 2026 revenue outlook of up 3-7% (up 4-8% in organic constant currency), a gross profit margin of 15.8-16.0% and an operating profit margin of 2.1-2.3%.

In its Q3 2026 release, ManpowerGroup said:

“We anticipate diluted earnings per share in the fourth quarter will be between $1.03 and $1.13 and a 44% effective tax rate.”

“Restructuring and strategic transformation program costs are not included in the underlying guidance.”

Source: ManpowerGroup Q3 2026 release, Oct 15, 2026.

This is the company's own guidance as of Oct 15, 2026, quoted as given. Walnut does not make forecasts of its own. Analyst estimates for the coming quarters are on the MAN forecast page.

Revenue and diluted EPS for the last 5 quarters. Each date links to that quarter's release.

Revenues from services and GAAP diluted EPS, each as first reported in that quarter's release.

ManpowerGroup's next report is expected around January 28, 2027, a date estimated from its reporting history that the company has not yet confirmed. This page will show Q3 2026 until those results are out and have been checked against the release.

Each quarter keeps its own page with the figures as reported, so a link to one stays pointed at the same numbers after the next report.

• Q3 2026 (this page), reported Oct 15, 2026

ManpowerGroup's revenues from services were $4,840.0 million in Q3 2026, up 4.4% as reported and 5.2% in constant currency from $4,634.4 million. Most of it is staffing: by service type, staffing and interim brought in $4,335.0 million before intercompany eliminations, outcome-based solutions and consulting $294.0 million, permanent recruitment $110.3 million and other $110.8 million. (ManpowerGroup Q3 2026 release, Oct 15, 2026; ManpowerGroup Form 10-Q, Q3 2026, Oct 30, 2026)

Europe is the bulk of ManpowerGroup's sales. Southern Europe brought in $2,227.9 million, of which France was $1,132.9 million, down 3.5%, and Italy $483.1 million. Northern Europe grew 5.4% to $860.6 million, APME slipped 1.1% to $514.9 million, and the Americas grew 13.5% to $1,246.7 million, with the United States up 5.5% to $728.8 million and Other Americas up 27.0%. (ManpowerGroup Q3 2026 release, Oct 15, 2026)

By brand, ManpowerGroup's 10-Q says Manpower revenue rose on demand for staffing services and Talent Solutions rose on demand for its MSP and RPO businesses, while Experis revenue fell mainly because of the sale of the Jefferson Wells U.S. business, a finance and accounting business sold for a transaction value of $100.0 million. The results presentation puts Manpower organic constant currency growth at 7% and says U.S. Experis returned to growth in the quarter. (ManpowerGroup Form 10-Q, Q3 2026, Oct 30, 2026; ManpowerGroup Q3 2026 results presentation, Oct 15, 2026)

ManpowerGroup's gross profit margin was 15.9% in Q3 2026, down 70 basis points. The 10-Q attributes 50 basis points to lower staffing and interim margins from business mix shifts, 10 to weaker permanent recruitment demand and 10 to lower demand in career transition services. (ManpowerGroup Q3 2026 results presentation, Oct 15, 2026; ManpowerGroup Form 10-Q, Q3 2026, Oct 30, 2026)

Franchise offices add volume that is not in reported revenue: they generated $481.1 million of revenue in the quarter, while ManpowerGroup records only the $4.2 million of franchise fees. Including them, systemwide revenue was $5.3 billion. ManpowerGroup operates through approximately 2,100 offices in more than 70 countries and territories. (ManpowerGroup Q3 2026 release, Oct 15, 2026; ManpowerGroup Q3 2026 results presentation, Oct 15, 2026; ManpowerGroup Form 10-K, 2025, Feb 23, 2026)

ManpowerGroup's GAAP diluted EPS was $0.71 in Q3 2026, against $0.38 a year earlier, on net earnings of $34.1 million. Excluding restructuring costs, strategic transformation program costs, a business sale adjustment and Argentina hyperinflationary currency translation losses, which together reduced EPS by $0.30, EPS was $1.01, which ManpowerGroup says is up 24% in constant currency. Items in the year-ago quarter reduced EPS by $0.45, and ManpowerGroup excludes those too when it states the adjusted trend. (ManpowerGroup Q3 2026 release, Oct 15, 2026)

ManpowerGroup's effective tax rate was 49.8% in Q3 2026, against 66.0% a year earlier: a provision of $33.9 million on pretax earnings of $68.0 million. The 10-Q puts the gap to the 21% U.S. federal rate mainly down to the mix of earnings, tax losses with no recognized benefit, the French exceptional corporate income tax surcharge and the French business tax. (ManpowerGroup Form 10-Q, Q3 2026, Oct 30, 2026; ManpowerGroup Q3 2026 release, Oct 15, 2026)

Diluted weighted average shares were 48.1 million, up from 46.9 million. ManpowerGroup did not repurchase any shares in the first nine months of 2026, and 1.9 million shares remained authorized for repurchase at September 30, 2026. (ManpowerGroup Q3 2026 release, Oct 15, 2026; ManpowerGroup Form 10-Q, Q3 2026, Oct 30, 2026)

Diluted EPS divides net income by the weighted average number of shares outstanding in the quarter, plus the shares that options and other equity awards could add. Buybacks shrink that count and lift EPS for the same profit; share issuance and stock awards enlarge it.

ManpowerGroup guides one quarter ahead. For Q4 2026 it expects diluted EPS of $1.03 to $1.13 with a 44% effective tax rate, excluding restructuring and strategic transformation program costs. Its results presentation adds revenue growth of 3-7%, or 4-8% in organic constant currency, a gross profit margin of 15.8-16.0% and an operating profit margin of 2.1-2.3%. (ManpowerGroup Q3 2026 release, Oct 15, 2026; ManpowerGroup Q3 2026 results presentation, Oct 15, 2026)

ManpowerGroup says its global strategic transformation program expanded to the U.K. in Q3 and remains on track to deliver its $200M cost savings target in 2028. Becky Frankiewicz becomes CEO on January 1, 2027, with Jonas Prising moving to Executive Chair. (ManpowerGroup Q3 2026 results presentation, Oct 15, 2026; ManpowerGroup Q3 2026 release, Oct 15, 2026)

A consensus figure is the average of the models published by the analysts who cover ManpowerGroup, collected by a data provider and revised up to the day of the report. A quarter that lands above it says how expectations were set as much as how the business did, and the share price on the day also reflects the guidance and the lines no consensus covers.

The consensus figures on this page are Yahoo Finance's, as pulled on the date shown. Each comes with the number of analysts behind it; the smaller that number, the more one revised estimate can move the average.

The figures below are the ones ManpowerGroup's own release and filings put weight on for Q3 2026, with the latest reported value for each.

What the quarter means for a holding is a separate question from what it reported. The case for and against owning MAN is on is MAN a buy or a sell?, what analysts expect next is on the MAN forecast, and what the company does is on the ManpowerGroup (MAN) stock page.

Every number on this page can be traced to a document ManpowerGroup published. Checking one takes a couple of minutes, and it is worth doing before you quote a figure anywhere.

• The results release is the document linked in the source line above. Companies publish it on their investor relations site at the moment results go out, and it carries the headline tables: revenue, operating income, net income and EPS for the quarter and the year-ago quarter.
• The same release is filed with the SEC as Exhibit 99.1 to a Form 8-K under Item 2.02, usually on the day of the report. The SEC copy does not change after the fact, which makes it the safer thing to link when you cite a number.
• The quarterly report (Form 10-Q) follows within a few weeks and carries the full financial statements, the segment note and management's discussion of what changed. The fourth quarter is covered by the annual report (Form 10-K) instead.
• Restated comparisons are flagged in the notes on this page. When a company redraws its segments or changes how it adjusts EPS, it restates the year-ago column, so the year-ago figure in a new release can differ from the one printed a year ago. This page always uses the comparison in the newer release, because that is the like-for-like one.

A walk-through of every line in a release, with what each one tells you, is in how to read an earnings report.