ManpowerGroup Reports 2nd Quarter 2025 Results

ManpowerGroup, a leading global workforce solutions company, has released its financial results for the second quarter of 2025. The company reported revenues of $4.5 billion, which remained flat compared to the same period last year. However, the company faced a net loss of $67.1 million, translating to a loss of $1.44 per basic share, compared to net earnings of $60.1 million or $1.24 per diluted share in the prior year period.

Financial Highlights

Key financial metrics for the second quarter of 2025 include:

• Revenues: $4.5 billion (flat as reported, -3% constant currency, -1% organic constant currency)
• Gross profit margin: 16.9%, reflecting a slight decrease from the previous quarter
• SG&A expenses: Declined year over year with additional restructuring actions taken
• Non-cash goodwill impairment charge: $89 million
• Net losses: $1.44 per basic share, compared to net earnings of $1.24 per diluted share in the prior year period

Business and Operational Highlights

During the quarter, ManpowerGroup experienced varied demand across different regions. Latin America and Asia Pacific continued to show good demand, while Europe and North America saw stabilizing trends. The Manpower and Talent Solutions brands returned to revenue growth, whereas Experis faced declines due to sluggish professional staffing demand.

Strategic Initiatives and Corporate Developments

The company undertook significant restructuring actions and incurred a non-cash goodwill and intangible asset impairment charge of $89 million. Additionally, ManpowerGroup sold its businesses in South Africa and New Caledonia, which will now operate as franchises.

Management's Perspective

Jonas Prising, ManpowerGroup Chair & CEO, commented on the results, highlighting the company's progress in executing its plans to diversify, digitize, and innovate. He noted that while demand remains mixed due to economic and geopolitical volatility, there are positive signs of stabilization in the US and parts of Europe. Prising emphasized the company's focus on achieving market share gains and making further adjustments to its cost base.

Future Outlook

Looking ahead, ManpowerGroup anticipates diluted earnings per share in the third quarter to be between $0.77 and $0.87, including an estimated favorable currency impact of 3 cents and a 48.0% effective tax rate.

SEC Filing: ManpowerGroup Inc. [ MAN ] - 8-K - Jul. 17, 2025