Growth Metrics

ManpowerGroup (MAN) Gross Margin (2009 - 2026)

ManpowerGroup's quarterly Gross Margin came in at 16.03% in Q1 2026, down 104.0% year-on-year from 400.74% in Q1 2025, and down 1.46% quarter-over-quarter from 16.27% in Q4 2025.

ManpowerGroup has reported Gross Margin for 18 years, with the latest figure at 16.03% in Q1 2026.

  • For the quarter ending Q1 2026, Gross Margin fell 104.0% year-over-year to 16.03%; the trailing twelve-month figure through Mar 2026 stood at 16.45% (down 78.0% YoY), and the FY2025 full-year result was 16.69%, down 60.0% from the prior year.
  • Gross Margin for Q1 2026 stood at 16.03%, down from 16.27% in the prior quarter.
  • The five-year high for Gross Margin was 18.3% in Q3 2022, with the low at 16.03% in Q1 2026.
  • Average Gross Margin over 5 years is 17.36%, with a median of 17.38% recorded in 2024.
  • Peak annual rise in Gross Margin reached 186 bps in 2022, while the deepest fall reached 2646876 bps in 2022.
  • Tracing MAN's Gross Margin over 5 years: stood at 18.21% in 2022, then slipped by 4 bps to 17.51% in 2023, then slipped by 2 bps to 17.16% in 2024, then retreated by 5 bps to 16.27% in 2025, then fell 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.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Gross Margin (Qtr)
1 Korn Ferry 3.61 Bn 2.64 Bn 724.93 Mn 99.98%
2 Robert Half 2.93 Bn 2.65 Bn 479.91 Mn 36.91%
3 Trinet 2.15 Bn 684.96 Mn 1.16 Bn 94.37%
4 ManpowerGroup 1.48 Bn 1.25 Bn 723.00 Mn 16.03%
5 Insperity 1.31 Bn 754.86 Mn 302.00 Mn 15.94%
6 Barrett Business Services 814.51 Mn 722.64 Mn 43.19 Mn 14.07%
7 Kforce 805.03 Mn 803.69 Mn 90.07 Mn 27.26%
8 Kelly Services 399.73 Mn 374.13 Mn 196.40 Mn 18.87%
9 TrueBlue 187.20 Mn 163.07 Mn 79.02 Mn 19.83%
10 HireQuest 182.43 Mn 181.41 Mn - -

Historic Data

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DateValue
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%
Mar 31, 2021 26,486.21%
Dec 31, 2020 15.80%
Sep 30, 2020 15.82%
Jun 30, 2020 15.41%
Mar 31, 2020 15.67%
Dec 31, 2019 16.54%
Sep 30, 2019 16.01%
Jun 30, 2019 16.20%
Mar 31, 2019 15.95%
Dec 31, 2018 16.32%
Sep 30, 2018 16.44%
Jun 30, 2018 16.31%
Mar 31, 2018 16.03%
Dec 31, 2017 16.58%
Sep 30, 2017 16.48%
Jun 30, 2017 16.65%
Mar 31, 2017 16.56%
Dec 31, 2016 16.97%
Sep 30, 2016 16.87%
Jun 30, 2016 17.14%
Mar 31, 2016 16.87%
Dec 31, 2015 17.18%
Sep 30, 2015 17.14%
Jun 30, 2015 17.09%
Mar 31, 2015 16.78%
Dec 31, 2014 16.97%
Sep 30, 2014 16.72%
Jun 30, 2014 16.86%
Mar 31, 2014 16.65%
Dec 31, 2013 16.88%
Sep 30, 2013 16.45%
Jun 30, 2013 16.59%
Mar 31, 2013 16.57%
Dec 31, 2012 16.85%
Sep 30, 2012 16.55%
Jun 30, 2012 16.55%
Mar 31, 2012 16.63%
Dec 31, 2011 17.05%
Sep 30, 2011 16.45%
Jun 30, 2011 16.98%
Mar 31, 2011 16.91%
Dec 31, 2010 17.39%
Sep 30, 2010 16.92%
Jun 30, 2010 17.38%
Mar 31, 2010 17.11%
Dec 31, 2009 17.14%
Sep 30, 2009 16.81%
Jun 30, 2009 18.25%