MAN
$42.98+3.62%
ManpowerGroupStock · IndustrialsRussell 2000 · 0.05% of IWMUS Stock Market · 0.002% of VTIRussell 3000 · 0.002% of IWV
MAN financial statements
The full income statement, balance sheet, and cash-flow statement for ManpowerGroup (MAN), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.
Shares outstanding (point-in-time)
2024-06 47.4M2024-09 46.9M2024-12 46.7M2025-03 46.3M2025-06 46.3M2025-09 46.3M2025-12 46.4M2026-03 46.5M2026-06 46.5M-2.0% over 8 periods
SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.
PeriodRangeOrderChangeFiguresAs-reported fiscal years.
| Line item | Trend | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Income Statement | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Revenue | 18.0B+0.6% | 17.9B-5.6% | 18.9B-4.6% | 19.8B-4.3% | 20.7B+15.1% | |
| 3.00B-2.9% | 3.09B-8.1% | 3.36B-6.0% | 3.57B+4.8% | 3.41B+20.6% | ||
| Cost of revenue | 15.0B+1.3% | 14.8B-5.1% | 15.6B-4.3% | 16.3B-6.1% | 17.3B+14.1% | |
| Selling, general & administrative | 2.85B+2.4% | 2.78B-10.4% | 3.10B+3.7% | 2.99B+6.0% | 2.82B+7.0% | |
| General & administrative | 185M+26.4% | 146M-4.9% | 154M-2.1% | 157M+1.7% | 154M+35.5% | |
| Restructuring | — | — | 149M+4044.4% | 3.60M-76.3% | 15.2M-86.3% | |
| Amortization of intangibles | 31.3M-4.3% | 32.7M-5.5% | 34.6M-6.7% | 37.1M+53.3% | 24.2M-11.0% | |
| Provision for credit losses | 7.10M-21.1% | 9.00M+66.7% | 5.40M-12.9% | 6.20M-65.4% | 17.9M-11.8% | |
| Operating income | 150M-50.9% | 306M+19.6% | 256M-56.0% | 582M-0.6% | 585M+212.0% | |
| Interest expense | -95.4M-6.0% | -90.0M-12.9% | -79.7M-69.9% | -46.9M-220.9% | 38.8M-10.4% | |
| Other non-operating income | 17.4M+27.0% | 13.7M-21.3% | 17.4M+6.7% | 16.3M+10.9% | 14.7M+206.3% | |
| Equity-method income | — | — | — | — | 11.8M+156.5% | |
| Pre-tax income | 93.4M-63.6% | 257M+24.7% | 206M-63.0% | 557M-1.9% | 568M+284.6% | |
| Income tax | 107M-4.5% | 112M-4.6% | 117M-36.1% | 183M-1.3% | 186M+49.9% | |
| Net income | -13.3M-109.2% | 145M+63.4% | 88.8M-76.2% | 374M-2.2% | 382M+1506.7% | |
| -$0.29-109.6% | $3.01+71.0% | $1.76-75.1% | $7.08+2.5% | $6.91+1585.4% | ||
| EPS (basic) | -$0.29-109.5% | $3.04+70.8% | $1.78-75.2% | $7.17+2.3% | $7.01+1609.8% | |
| Weighted-avg shares (basic) | 46.6M-2.5% | 47.8M-4.0% | 49.8M-4.6% | 52.2M-4.2% | 54.5M-6.0% | |
| Weighted-avg shares (diluted) | 46.6M-3.5% | 48.3M-4.2% | 50.4M-4.5% | 52.8M-4.7% | 55.4M-5.0% | |
| Dividends per share | $1.44-53.2% | $3.08+4.8% | $2.94+8.1% | $2.72+7.9% | $2.52+11.5% | |
| Balance Sheet | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 5.79B+16.5% | 4.97B-10.8% | 5.57B-6.1% | 5.93B-7.6% | 6.42B-3.7% | ||
| Cash & equivalents | 871M+71.0% | 509M-12.4% | 581M-9.0% | 639M-24.6% | 848M-45.9% | |
| Accounts receivable | 4.77B+11.0% | 4.30B-11.0% | 4.83B-6.0% | 5.14B-5.7% | 5.45B+10.9% | |
| Prepaid expenses | 149M-8.9% | 164M+1.8% | 161M+1.8% | 158M+24.7% | 127M-32.2% | |
| 9.16B+11.7% | 8.20B-7.1% | 8.83B-3.3% | 9.13B-7.1% | 9.83B+5.4% | ||
| Property, plant & equipment | 123M+4.1% | 118M-8.9% | 130M+15.8% | 112M-3.9% | 117M-13.5% | |
| Operating lease right-of-use | 393M+8.7% | 361M-12.7% | 414M+13.2% | 366M-2.1% | 373M-6.8% | |
| Goodwill | 1.54B-1.2% | 1.56B-1.5% | 1.59B-2.5% | 1.63B-5.5% | 1.72B+40.5% | |
| Intangible assets | 430M-11.5% | 486M-6.4% | 520M-5.4% | 550M-5.8% | 584M+134.8% | |
| Other non-current assets | 3.25B+4.3% | 3.11B-0.5% | 3.13B+1.4% | 3.08B-6.3% | 3.29B+30.2% | |
| 5.23B+18.0% | 4.44B-7.6% | 4.80B-2.3% | 4.91B-15.0% | 5.78B+23.4% | ||
| Accrued liabilities | 458M-3.7% | 475M-31.4% | 693M+21.0% | 573M-2.1% | 585M-2.9% | |
| Short-term & current debt | 590M+24500.0% | 2.40M-22.6% | 3.10M-39.2% | 5.10M-99.0% | 536M | |
| Current lease liability | 107M+8.9% | 98.6M-1.6% | 100M-5.0% | 106M-4.1% | 110M-7.8% | |
| Long-term debt | 1.05B+13.2% | 929M-6.2% | 991M+3.2% | 960M+69.7% | 566M-48.7% | |
| Non-current lease liability | 304M+9.1% | 279M-13.7% | 323M+21.2% | 267M-3.3% | 276M-9.6% | |
| Operating lease liability (total) | 412M+9.0% | 378M-10.8% | 423M+13.8% | 372M-3.6% | 386M-9.1% | |
| Other non-current liabilities | 510M+18.9% | 429M-11.2% | 483M-9.6% | 534M-20.9% | 675M-13.6% | |
| Total non-current liabilities | 1.87B+14.0% | 1.64B-8.9% | 1.80B+2.0% | 1.76B+16.1% | 1.52B-30.7% | |
| 2.06B-3.1% | 2.13B-4.4% | 2.22B-9.2% | 2.45B-3.0% | 2.52B+3.3% | ||
| Common stock | 1.20M+0.0% | 1.20M+0.0% | 1.20M+0.0% | 1.20M+0.0% | 1.20M+0.0% | |
| Additional paid-in capital | 3.57B+0.7% | 3.55B+0.9% | 3.51B+0.9% | 3.48B+1.1% | 3.44B+1.2% | |
| Retained earnings | 3.73B-2.1% | 3.81B-0.0% | 3.81B-1.4% | 3.87B+6.4% | 3.63B+7.3% | |
| Treasury stock | 4.83B+0.9% | 4.79B+3.3% | 4.64B+4.3% | 4.45B+6.7% | 4.17B+5.4% | |
| Accumulated other comprehensive income | -412M+7.0% | -443M+4.9% | -466M-1.6% | -459M-17.8% | -389M+2.0% | |
| Non-controlling interest | 700K-58.8% | 1.70M-84.3% | 10.8M+0.0% | 10.8M+8.0% | 10.0M-20.6% | |
| Total equity incl. non-controlling | 2.06B-3.1% | 2.13B-4.8% | 2.23B-9.1% | 2.46B-2.9% | 2.53B+3.2% | |
| Total liabilities & equity | 9.16B+11.7% | 8.20B-7.1% | 8.83B-3.3% | 9.13B-7.1% | 9.83B+5.4% | |
| Common shares issued | 119M+0.3% | 119M+0.4% | 118M+0.3% | 118M+0.2% | 118M+0.2% | |
| Shares outstanding (cover) | 46.4M-0.6% | 46.7M-3.2% | 48.2M-4.7% | 50.6M-5.6% | 53.6M-2.5% | |
| Cash Flow | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| -104M-133.7% | 309M-11.2% | 348M-17.7% | 423M-34.4% | 645M-31.1% | ||
| Depreciation & amortization | 86.0M-0.7% | 86.6M-2.3% | 88.6M+4.7% | 84.6M+15.3% | 73.4M-3.8% | |
| Intangible amortization | 31.3M-4.3% | 32.7M-5.5% | 34.6M-6.7% | 37.1M+53.3% | 24.2M-11.0% | |
| Share-based compensation | 26.3M-3.7% | 27.3M-4.9% | 28.7M-23.7% | 37.6M+2.2% | 36.8M+52.1% | |
| Deferred income taxes | -35.8M-10.5% | -32.4M-57.3% | -20.6M-529.2% | 4.80M+469.2% | -1.30M+87.5% | |
| Change in receivables | 142M+154.5% | -261M+33.4% | -392M-1260.4% | -28.8M-104.5% | 641M+209.2% | |
| -59.2M+13.2% | -68.2M+8.0% | -74.1M+13.1% | -85.3M+91.4% | -987M-2227.8% | ||
| Capital expenditure | 57.3M+12.1% | 51.1M-34.7% | 78.2M+3.4% | 75.6M+17.8% | 64.2M+26.6% | |
| Free cash flow | -161M-162.5% | 258M-4.4% | 270M-22.3% | 348M-40.1% | 581M-34.4% | |
| Acquisitions | 1.00M-79.6% | 4.90M | 0.00-100.0% | 16.4M-98.2% | 924M+131957.1% | |
| 486M+271.9% | -282M+19.2% | -350M+27.5% | -482M-69.9% | -284M+34.8% | ||
| Long-term debt issued | 587M+15759.5% | 3.70M+270.0% | 1.00M-99.8% | 421M+84160.0% | 500K-81.5% | |
| Long-term debt repaid | 700K-56.3% | 1.60M-63.6% | 4.40M-98.9% | 412M+18636.4% | 2.20M+450.0% | |
| Net short-term debt | 14.4M+2.9% | 14.0M+209.4% | -12.8M-277.8% | 7.20M+340.0% | -3.00M+92.6% | |
| Common stock issued | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock repurchased | 38.2M-72.7% | 140M-22.1% | 180M-33.4% | 270M+28.6% | 210M-20.7% | |
| Dividends paid | 66.7M-54.3% | 146M+1.0% | 144M+3.1% | 140M+2.4% | 137M+5.8% | |
| FX effect on cash | 39.4M+229.2% | -30.5M-272.3% | 17.7M+127.4% | -64.7M+30.7% | -93.4M-213.2% | |
| Net change in cash | 362M+602.9% | -71.9M-24.6% | -57.7M+72.4% | -209M+71.0% | -719M-232.9% | |
| Interest paid | 97.5M+14.8% | 84.9M+11.9% | 75.9M+98.7% | 38.2M+3.2% | 37.0M-9.3% | |
| Income taxes paid | 148M-21.3% | 188M+3.0% | 182M-9.6% | 202M+44.3% | 140M-6.7% | |
| Valuation Ratios | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Market cap | 1.38B-48.8% | 2.70B-30.5% | 3.88B-7.8% | 4.21B-19.4% | 5.22B+5.3% | |
| P/E | — | 18.6×+6.3% | 17.5×+81.2% | 9.6×-29.4% | 13.7×-93.4% | |
| P/S | 0.1×-49.1% | 0.2×-25.7% | 0.2×-1.5% | 0.2×-18.2% | 0.3×-8.6% | |
| P/B | 0.7×-47.2% | 1.3×-21.4% | 1.6×-7.7% | 1.7×-15.6% | 2.1×+1.9% | |
| P/FCF | — | 10.4×-20.9% | 13.2×+47.7% | 8.9×-0.6% | 9.0×+60.6% | |
| Earnings yield | — | 5.4%-5.9% | 5.7%-44.8% | 10.4%+41.6% | 7.3%+1426.1% | |
| FCF yield | — | 9.6%+26.4% | 7.6%-32.3% | 11.2%+0.6% | 11.1%-37.7% | |
| Dividend yield | 4.8%-9.2% | 5.3%+44.2% | 3.7%+13.2% | 3.3%+26.3% | 2.6%+3.3% | |
| Source filing | 10-K | 10-K | 10-K | 10-K | 10-K |
About this data
Source: MAN’s SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn’t file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all MAN filings on SEC EDGAR → Not investment advice.