ManpowerGroup (MAN) Q3 FY2026 earnings

Reported results

• Q3 2026 revenues from services: $4.8 billion, +4% reported, +5% constant currency, +6% organic constant currency
• Q3 2026 GAAP net earnings per diluted share: $0.71 vs $0.38 prior year; non-GAAP net earnings per diluted share: $1.01, +24% in constant currency
• Q3 2026 GAAP net earnings: $34.1 million vs $18.0 million prior year; operating profit: $82.3 million vs $66.6 million prior year, +23.7% reported, +26.2% constant currency
• Nine months 2026 GAAP net earnings per diluted share: $1.89 vs net loss of ($0.93) prior year; non-GAAP net earnings per diluted share: $2.51, +21% in constant currency
• Nine months 2026 revenues from services: $14.2 billion, +7% reported, +5% constant currency; GAAP net earnings: $90.1 million vs net loss of ($43.5 million) prior year
• Q3 2026 Selling and administrative expenses: $685.0 million, -2.5% reported vs $702.3 million prior year; Q3 2026 gross profit: $767.3 million vs $768.9 million prior year

Guidance

• Q4 2026 diluted earnings per share: between $1.03 and $1.13
• Q4 2026 effective tax rate: 44%

Notes

Q3 2026 included restructuring costs, strategic transformation program costs, business sale adjustment, and Argentina hyperinflationary non-cash currency translation losses totaling $0.30 per share impact. Prior year Q3 2025 included adjustments reducing earnings per share by $0.45. Nine months 2026 included restructuring costs, strategic transformation costs, Jefferson Wells U.S. business sale, discontinued business liquidation charge, and Argentina hyperinflationary losses totaling $0.62 per share impact. Prior year nine months 2025 included restructuring costs, business sale losses, goodwill and intangible asset impairment, and Argentina hyperinflationary losses totaling $2.98 per share reduction. Leadership transition: Becky Frankiewicz to become CEO January 1, 2027; Jonas Prising transitioning to Executive Chair.

Price and volatility reaction

The stock moved -15.8% on the print. No front-expiry chain was on file, so there is no straddle expected move. 30-day ATM implied volatility moved -14.0 vol points across the event (constant-maturity series — not the front-week crush).

Source

The figures above come from the earnings release the company filed with the SEC on 2026-10-15 (8-K, Item 2.02). Read the original filing on sec.gov.