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ManpowerGroup, Inc. MAN Northern Europe — Cost of Goods Sold

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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$2.57B+43.0%
Enterprise value$3.81B+18.3%
P/E373×
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:CostOfGoodsAndServicesSold.

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
Line itemThree Months Ended / June 30, 2026Three Months Ended / June 30, 2025Six Months Ended / June 30, 2026Six Months Ended / June 30, 2025
Revenues from services$4,860.2$4,519.3$9,370.6$8,609.6
Cost of services4,079.93,755.67,867.37,147.6
Gross profit780.3763.71,503.31,462.0
Selling and administrative expenses, excluding impairment charges668.3700.31,363.01,370.4
Impairment charges88.788.7
Selling and administrative expenses668.3789.01,363.01,459.1
Operating profit (loss)112.0(25.3)140.32.9
Interest and other expenses, net19.616.532.528.0

Item 1 – Financial Statements (unaudited)

FAQ

What is ManpowerGroup, Inc.'s northern europe — cost of goods sold?
ManpowerGroup, Inc. (MAN) reported northern europe — cost of goods sold of $695.3M in Q2 2026.
How has ManpowerGroup, Inc.'s northern europe — cost of goods sold changed year-over-year?
ManpowerGroup, Inc.'s northern europe — cost of goods sold increased by 4.8% year-over-year, from $663.7M to $695.3M.
What is the long-term trend for ManpowerGroup, Inc.'s northern europe — cost of goods sold?
Over 3 years (2022 to 2025), ManpowerGroup, Inc.'s northern europe — cost of goods sold has grown at a -7.6% compound annual growth rate (CAGR), from $3.34B to $2.64B.
What does northern europe — cost of goods sold mean?
This includes the direct costs associated with delivering workforce solutions, primarily consisting of wages and benefits paid to temporary staff and contractors. It is a critical metric for evaluating the direct margin and operational efficiency of the staffing service model.

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