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ManpowerGroup's Financial Update for Q2 2025

On July 17, 2025, ManpowerGroup (NYSE: MAN) announced its financial results for the second quarter of 2025, reflecting mixed outcomes across various market regions. The global workforce solutions company reported revenues of $4.5 billion, maintaining a flat performance compared to the same quarter in the previous year. However, adjusting for constant currency, the revenues saw a decline of 3% while organic constant currency figures dropped by 1%.

Regional Performance

The report highlighted that Latin America and the Asia Pacific regions continued to witness robust demand for workforce solutions. In contrast, markets in Europe and North America showed signs of stabilization, suggesting a divergent recovery pattern influenced by regional economic conditions. Notably, while Manpower and Talent Solutions brands regained revenue growth during the quarter, the Experis segment faced declines due to a slowdown in professional staffing demand.

Profit Margins and Expenses

The gross profit margin stood at 16.9%, which is a slight decrease from the previous quarter—primarily attributed to business mix changes affecting staffing operations. The company reported selling, general, and administrative expenses (SGA) that reflected a year-over-year decline, aided by additional restructuring efforts undertaken within the quarter. Unfortunately, an impairment charge of $89 million associated with goodwill and intangible assets was also recorded, adding pressure to the financial figures.

Earnings Overview

For Q2 2025, ManpowerGroup reported net losses of $67.1 million, translating to a loss of $1.44 per basic share. This marked a stark contrast to the net earnings of $60.1 million, or $1.24 per diluted share, observed in the same period last year. The quarter included substantial non-cash charges related to goodwill impairments and other restructuring costs, negatively impacting earnings per share by a significant $2.22.

Looking towards the third quarter, the company anticipates diluted earnings per share to fall between $0.77 and $0.87. This forecast anticipates a beneficial currency impact adjustment of approximately 3 cents, alongside an effective tax rate of 48%.

Strategic Focus and Future Outlook

Jonas Prising, ManpowerGroup’s Chair and CEO, emphasized the company's commitment to its strategic initiatives labeled as Diversify, Digitize, and Innovate. As technological transformations evolve rapidly, ManpowerGroup aims to strengthen its position as a strategic workforce partner amidst a backdrop of economic and geopolitical volatility. Indicators of stabilization have emerged in the U.S. and select European markets, creating optimism around future performance.

In closing, ManpowerGroup’s ongoing investment into digital capabilities and AI adoption is expected to enhance value for both clients and candidates, reflecting a proactive approach to navigating the ever-changing labor market landscape.

For more details, stakeholders can access the full financial report and supplementary information via the Investor Relations section on ManpowerGroup's official website.