ManpowerGroup (MAN) Gross Margin (2009 - 2026)
ManpowerGroup (MAN) recorded quarterly Gross Margin of 16.03% in Q1 2026, down 1.46% quarter-over-quarter from 16.27% in Q4 2025, and down 104.0% on a YoY basis from 400.74% in Q1 2025.
ManpowerGroup (MAN) Gross Margin (2009 - 2026) Analysis & Trends
ManpowerGroup's Gross Margin history runs 18 years deep, the most recent figure standing at 16.03% for Q1 2026.
- In Q1 2026, Gross Margin fell 104.0% year-over-year to 16.03%; the TTM figure through Mar 2026 stood at 16.45% (down 78.0% YoY), while the FY2025 annual figure was 16.69%, down 60.0% from the prior year.
- Gross Margin was 16.03% for Q1 2026 at ManpowerGroup, down from 16.27% in the prior quarter.
- In the past five years, Gross Margin ranged from a high of 18.3% in Q3 2022 to a low of 16.03% in Q1 2026.
- Historically, Gross Margin has averaged 17.36% across 5 years, with a median of 17.38% in 2024.
- Biggest YoY gain for Gross Margin was 186 bps in 2022; the steepest drop was 2646876 bps in 2022.
- A 5-year view of Gross Margin shows it stood at 18.21% in 2022, then decreased by 4 bps to 17.51% in 2023, then decreased by 2 bps to 17.16% in 2024, then fell by 5 bps to 16.27% in 2025, then declined by 1 bps to 16.03% in 2026.
- The last three Gross Margin figures came in at 16.03% (Q1 2026), 16.27% (Q4 2025), and 16.59% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Korn Ferry | 3.69 Bn | 2.72 Bn | 724.93 Mn | 99.98% |
| 2 | Robert Half | 3.13 Bn | 2.85 Bn | 479.91 Mn | 36.91% |
| 3 | Trinet | 2.12 Bn | 660.05 Mn | 1.16 Bn | 94.37% |
| 4 | ManpowerGroup | 1.56 Bn | 1.34 Bn | 723.00 Mn | 16.03% |
| 5 | Insperity | 1.38 Bn | 825.54 Mn | 302.00 Mn | 15.94% |
| 6 | Barrett Business Services | 828.03 Mn | 736.15 Mn | 43.19 Mn | 14.07% |
| 7 | Kforce | 777.11 Mn | 775.77 Mn | 90.07 Mn | 27.26% |
| 8 | Kelly Services | 391.13 Mn | 365.53 Mn | 196.40 Mn | 18.87% |
| 9 | TrueBlue | 205.89 Mn | 181.76 Mn | 79.02 Mn | 19.83% |
| 10 | HireQuest | 172.03 Mn | 171.01 Mn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 16.03% |
| Dec 31, 2025 | 16.27% |
| Sep 30, 2025 | 16.59% |
| Jun 30, 2025 | 16.90% |
| Mar 31, 2025 | 17.07% |
| Dec 31, 2024 | 17.16% |
| Sep 30, 2024 | 17.26% |
| Jun 30, 2024 | 17.38% |
| Mar 31, 2024 | 17.34% |
| Dec 31, 2023 | 17.51% |
| Sep 30, 2023 | 17.58% |
| Jun 30, 2023 | 17.76% |
| Mar 31, 2023 | 18.16% |
| Dec 31, 2022 | 18.21% |
| Sep 30, 2022 | 18.30% |
| Jun 30, 2022 | 18.15% |
| Mar 31, 2022 | 17.44% |
| Dec 31, 2021 | 17.21% |
| Sep 30, 2021 | 16.59% |
| Jun 30, 2021 | 16.30% |