ManpowerGroup Inc. (MAN) Earnings Call Transcripts

ManpowerGroup Inc.'s Latest Earnings Call - Q1 FY2026

In the first quarter of 2026, ManpowerGroup Inc. reported revenues of $4.5 billion, reflecting a 3% organic constant currency growth, which exceeded expectations. Adjusted EBITDA margin improved to 1.4%, and adjusted EPS was $0.51, slightly above the guidance midpoint of $0.50. Management announced a strategic transformation initiative aimed at achieving $200 million in savings by 2028, indicating a focus on operational efficiency and leveraging AI to enhance service delivery and client engagement.

Reported metrics

Guidance from management

For Q2 2026, management projects organic constant currency revenue growth of 1% to 5% and adjusted EPS in the range of $0.91 to $1.01, reflecting confidence in continued recovery and operational improvements.

What management said

Thanks, Jack. In closing, as the market continues to stabilize, we're operating well, staying focused and executing with discipline. Our team remains hyper-focused on delivering for the now while a dedicated group advances our transformation initiatives to position us for future opportunities. I look forward to keeping you updated on our continued execution as we build on the progress we've made and capture the mome...

Good morning, Andrew. Yes. No, I think we're very pleased with the improving momentum in the Manpower business. You saw an acceleration between Q4 into Q1. We're now anniversary-ing strong growth again. And as Jack said, we've had 7 quarters of growth in manpower in the U.S., 4 quarters globally. So it's really nice to see the manpower business performing better and with momentum. And it's great to notice that despit...

What analysts pressed on

Analysts expressed concerns about the sustainability of margin improvements given the current gross margin pressures and the impact of geopolitical uncertainties on client behavior. Questions arose regarding the timing and effectiveness of the transformation initiatives and how they would affect future profitability.

Main topics on the call

• Revenue Growth and Market Stability — ManpowerGroup achieved reported revenues of $4.5 billion, with organic constant currency growth of 3%. CEO Jonas Prising stated, "We're encouraged by the developing short-term momentum and equally excited by the long-ter...
• Transformation Initiative — The company announced a strategic transformation program aimed at delivering $200 million in cost savings by 2028. Prising noted, "We are transforming our business model to drive growth and expand margins over time," ind...
• AI Integration and Commercial Excellence — Management emphasized the role of AI in driving growth and efficiency, with plans to expand AI capabilities across 50% of markets by year-end. Becky Frankiewicz stated, "We expect AI to become an increasingly meaningful ...
• Geopolitical Impact Monitoring — Management is closely monitoring geopolitical developments, particularly in the Middle East, but currently sees no direct impact on operations. Prising remarked, "It's too early to assess if there will be a broader impac...

Read the full ManpowerGroup Inc. transcript (Q1 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 27 ManpowerGroup Inc. earnings call transcripts on record, spanning January 31, 2020 to July 16, 2026. Based on this history, ManpowerGroup Inc. reports quarterly. The most recent call on file is dated July 16, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

MAN

Exchange

NYSE

Country

US

Sector

Industrials

Industry

Professional Services

Calls on record

27

First call

January 31, 2020

Most recent

July 16, 2026

Reporting cadence

quarterly