ManpowerGroup (MAN) Cost of Revenue (2009 - 2026)
ManpowerGroup (MAN) recorded quarterly Cost of Revenue of $3.8 billion in Q1 2026, down 4.03% quarter-over-quarter from $3.9 billion in Q4 2025, and up 11.66% on a YoY basis from $3.4 billion in Q1 2025.
ManpowerGroup (MAN) Cost of Revenue (2009 - 2026) Analysis & Trends
ManpowerGroup's Cost of Revenue history runs 18 years deep, the most recent figure standing at $3.8 billion for Q1 2026.
- In Q1 2026, Cost of Revenue rose 11.66% year-over-year to $3.8 billion; the TTM figure through Mar 2026 stood at $15.4 billion (up 5.75% YoY), while the FY2025 annual figure was $15.0 billion, up 1.3% from the prior year.
- Cost of Revenue was $3.8 billion for Q1 2026 at ManpowerGroup, down from $3.9 billion in the prior quarter.
- In the past five years, Cost of Revenue ranged from a high of $4.2 billion in Q1 2022 to a low of $3.4 billion in Q1 2025.
- Historically, Cost of Revenue has averaged $3.8 billion across 5 years, with a median of $3.9 billion in 2023.
- The sharpest annual moves came in 2022 and 2026: Cost of Revenue retreated 11.72% in 2022, then rose 11.66% in 2026.
- A 5-year view of Cost of Revenue shows it stood at $3.9 billion in 2022, then declined by 2.89% to $3.8 billion in 2023, then decreased by 4.59% to $3.6 billion in 2024, then climbed by 8.28% to $3.9 billion in 2025, then slipped by 4.03% to $3.8 billion in 2026.
- The last three Cost of Revenue figures came in at $3.8 billion (Q1 2026), $3.9 billion (Q4 2025), and $3.9 billion (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Korn Ferry | 3.69 Bn | 2.72 Bn | 724.93 Mn | 111,000.00 |
| 2 | Robert Half | 3.13 Bn | 2.85 Bn | 479.91 Mn | 820.27 Mn |
| 3 | Trinet | 2.12 Bn | 660.05 Mn | 1.16 Bn | 69.00 Mn |
| 4 | ManpowerGroup | 1.56 Bn | 1.34 Bn | 723.00 Mn | 3.79 Bn |
| 5 | Insperity | 1.38 Bn | 825.54 Mn | 302.00 Mn | 1.59 Bn |
| 6 | Barrett Business Services | 828.03 Mn | 736.15 Mn | 43.19 Mn | 263.82 Mn |
| 7 | Kforce | 777.11 Mn | 775.77 Mn | 90.07 Mn | 240.30 Mn |
| 8 | Kelly Services | 391.13 Mn | 365.53 Mn | 196.40 Mn | 844.30 Mn |
| 9 | TrueBlue | 205.89 Mn | 181.76 Mn | 79.02 Mn | 319.55 Mn |
| 10 | HireQuest | 172.03 Mn | 171.01 Mn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 3.79 Bn |
| Mar 31, 2026 | 3.79 Bn |
| Dec 31, 2025 | 3.95 Bn |
| Dec 31, 2025 | 3.95 Bn |
| Sep 30, 2025 | 3.87 Bn |
| Sep 30, 2025 | 3.87 Bn |
| Jun 30, 2025 | 3.76 Bn |
| Jun 30, 2025 | 3.76 Bn |
| Mar 31, 2025 | 3.39 Bn |
| Mar 31, 2025 | 3.39 Bn |
| Dec 31, 2024 | 3.64 Bn |
| Dec 31, 2024 | 3.64 Bn |
| Sep 30, 2024 | 3.75 Bn |
| Sep 30, 2024 | 3.75 Bn |
| Jun 30, 2024 | 3.73 Bn |
| Jun 30, 2024 | 3.73 Bn |
| Mar 31, 2024 | 3.64 Bn |
| Mar 31, 2024 | 3.64 Bn |
| Dec 31, 2023 | 3.82 Bn |
| Dec 31, 2023 | 3.82 Bn |