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ManpowerGroup, Inc. MAN Americas — Restructuring Reserve

Other segment segments

Northern Europe
$12.4M-64.7%
Southern Europe
$6.8M-2.9%
Apme
$100K-75.0%

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Other financials

Income statement

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Revenue$4.9B+7.5%
Gross profit$780.3M+2.2%
Operating income$112.0M+543%
Net income$53.5M+180%
EPS (diluted)$1.13+178%

Balance sheet

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Cash & equivalents$180.6M-37.7%
Total debt$1.4B-17.6%
Total equity$2.1B+5.6%
Total assets$8.4B-1.5%

Cash flow

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Operating cash flow-$2.7M+98.6%
CapEx$5.8M-67.0%
Free cash flow-$8.5M+95.9%

Valuation

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Market cap$2.63B+43.0%
Enterprise value$3.87B+18.3%
P/E381.5×
P/S0.1×0.0×

Profitability

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Gross margin16.2%-0.9pp
Operating margin1.5%+0.7pp
Net margin-0.1%
FCF margin-0.4%-2.0pp

Returns & leverage

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Return on equity-1%
Debt / equity0.7×-0.2×
Current ratio+0.1×

Where this comes from

Reported directly by ManpowerGroup, Inc. in its filing.

Tagged under the XBRL concept us-gaap:RestructuringReserve.

The source filing: ManpowerGroup, Inc.’s 10-Q, filed August 7, 2026.

Filed
Aug 7, 2026, 5:23 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001193125-26-340522

During the six months ended June 30, 2026, we recorded $22.6 in restructuring costs, of which $6.7 was recorded during the three months ended June 30, 2026. During the three and six months ended June 30, 2025, we recorded restructuring costs of $14.4 and $30.2, respectively. Payments made from the restructuring reserve were $14.2 and $32.0 during the three and six months ended June 30, 2026, respectively. We use our restructuring reserve for severance, office closures, office consolidations, and professional and other fees related to restructuring in multiple countries and territories. We expect a majority of the remaining $25.2 reserve will be paid by the end of 2026.

Item 1 – Financial Statements (unaudited)

FAQ

What is ManpowerGroup, Inc.'s americas — restructuring reserve?
ManpowerGroup, Inc. (MAN) reported americas — restructuring reserve of $5.9M in Q2 2026.
How has ManpowerGroup, Inc.'s americas — restructuring reserve changed year-over-year?
ManpowerGroup, Inc.'s americas — restructuring reserve increased by 63.9% year-over-year, from $3.6M to $5.9M.
What is the long-term trend for ManpowerGroup, Inc.'s americas — restructuring reserve?
Over 4 years (2021 to 2025), ManpowerGroup, Inc.'s americas — restructuring reserve has grown at a 17.3% compound annual growth rate (CAGR), from $6.6M to $12.5M.
What does americas — restructuring reserve mean?
This reflects the estimated liability set aside to cover future costs associated with organizational realignments, such as office closures or workforce reductions. It provides insight into the company's planned efforts to optimize operational efficiency and reduce long-term overhead in the Americas segment.

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