Key Highlights

  • EPS $0.99 beats $0.96 consensus; next catalyst: Q3 2026 earnings release
  • Revenue reached $4.9 billion; constant‑currency growth was 6%
  • Net earnings $53.5 million after a $67.1 million loss a year earlier
  • Operating profit improved, while SG&A expenses decreased

ManpowerGroup Inc. (NYSE: MAN) posted diluted earnings per share of $0.99 for the quarter ended June 30, 2026, surpassing the $0.96 consensus estimate. Revenue climbed to $4.9 billion, reflecting reported growth and a 6% increase on a constant‑currency basis. The earnings beat signaled a notable turnaround from the prior‑year loss.

EPS Beats Expectations

The reported EPS of $0.99 outperformed analyst forecasts, reversing a loss of $1.44 per share a year earlier. Adjusted earnings, after removing restructuring and transformation costs, showed a strong rise, with an aggregate $0.14 per‑share boost tied to the divestiture of the Jefferson Wells U.S. business, which generated $100 million in proceeds and $88 million of net cash.

Even without these items, the core EPS remained at $0.99, underscoring the impact of recent strategic actions.

Revenue and Profit Details

Service revenues increased year‑over‑year, driven by solid demand across key regions including the United States, Latin America, and several European markets. Cost of services rose modestly, yet gross profit expanded, supporting higher operating profit. SG&A expenses were trimmed, contributing to the improvement in operating performance.

Interest costs and tax provisions also moved, culminating in net earnings of $53.5 million for the quarter, a reversal from the $67.1 million loss recorded a year prior.

Stock Momentum Signals Strength

Investors responded positively to the earnings surprise, propelling the stock higher in the trading session and sustaining a strong year‑to‑date performance. The share price now sits near the upper band of its recent trading range, reflecting confidence in the company’s turnaround trajectory while also highlighting the need for continued earnings growth to justify the valuation. The company expects revenue growth of 2% to 6% on a reported basis, with regional performance varying across its Americas, Southern Europe, and APME segments.

Management will discuss these forecasts during the upcoming earnings call scheduled for October 2026. Investors should monitor the Q3 results closely, as they will test the durability of the recent earnings rebound and gauge whether the strategic transformation program can sustain profitability.

This article is for informational purposes only and does not constitute financial advice. Please consult a licensed financial adviser before making investment decisions.