Description

ManpowerGroup Is Not Just A Staffing Story — Its $200 Million Cost Reset Matters!

ManpowerGroup reported third-quarter 2026 revenue of $4.8 billion, reflecting 6% organic growth in constant currency and meeting mid-range guidance. System-wide revenue, including franchises, reached $5.3 billion. Adjusted EBITA increased 14% year-over-year to $107 million, with margins improving 10 basis points to 2.2%, supported by capacity discipline, SG&A optimization, and ongoing transformation initiatives. Revenue growth varied across brands and regions. The Manpower brand achieved its ninth consecutive quarter of double-digit U.S. growth, driven by new clients and increased spending from existing customers. Consumer goods, logistics, automation, and reshoring supported specialized staffing demand. Northern Europe, particularly the U.K. and Germany, recorded improving growth and profitability. Southern Europe expanded moderately, led by Italy, while France declined 2% in constant currency amid political uncertainty and volatility. French market trends improved toward quarter-end and early Q4. Experis and Talent Solutions improved sequentially. Experis U.S.