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ManpowerGroup, Inc. MAN Northern Europe — Severance Costs1

Other segment segments

Southern Europe
$3.7M+68.2%
Americas
$3M
Apme
$400K

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BHEAmericas — Severance Costs1
$152K-93.0%

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:SeveranceCosts1.

The source filing: ManpowerGroup, Inc.’s 10-Q, filed May 8, 2026.

Filed
May 8, 2026, 5:22 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0001193125-26-215064
Line itemAmericas(a)Southern Europe(b)Northern EuropeAPMECorporateTotal
Balance, December 31, 2025$2.7$8.0$24.2$0.2$35.1
Severance costs6.24.04.80.415.4
Lease costs(c)0.50.5
Non-cash charges(0.5)(0.5)
Costs paid(3.4)(5.3)(9.1)(17.8)
Balance, March 31, 2026$5.5$6.7$19.9$0.6$32.7

Item 1 – Financial Statements (unaudited)

FAQ

What is ManpowerGroup, Inc.'s northern europe — severance costs1?
ManpowerGroup, Inc. (MAN) reported northern europe — severance costs1 of $4.8M in Q1 2026.
How has ManpowerGroup, Inc.'s northern europe — severance costs1 changed year-over-year?
ManpowerGroup, Inc.'s northern europe — severance costs1 decreased by 57.5% year-over-year, from $11.3M to $4.8M.
What is the long-term trend for ManpowerGroup, Inc.'s northern europe — severance costs1?
Over 2 years (2022 to 2025), ManpowerGroup, Inc.'s northern europe — severance costs1 has grown at a 625.4% compound annual growth rate (CAGR), from $800K to $42.1M.
What does northern europe — severance costs1 mean?
This represents the direct expenses incurred for employee termination benefits and separation packages within the Northern Europe segment. High levels of these costs typically signal significant organizational downsizing or structural transformation efforts.

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