ManpowerGroup (MAN) Gross Margin (2009 - 2026)
ManpowerGroup's Gross Margin was 16.05% in Q2 2026, down 0.84 percentage points from 16.90% a year earlier but up 0.03 percentage points from the prior quarter.
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Analysis
ManpowerGroup (MAN) Gross Margin (2009 - 2026) Analysis & Trends
On a trailing twelve-month basis, ManpowerGroup's Gross Margin was 16.24% through Jun 30, 2026, down 0.86 percentage points year-over-year; for FY2025, it came in at 16.69%, down 0.60 percentage points from FY2024.
- Gross Margin has now declined for three consecutive years, though with a five-year change of +1.00 percentage points (FY2020 to FY2025).
- In earlier years, Gross Margin was 17.29% in FY2024 (-0.46 pp), 17.75% in FY2023 (-0.26 pp), 18.02% in FY2022 (+1.58 pp) and 16.44% in FY2021 (+0.75 pp).
- Quarterly Gross Margin has moved between 16.03% (Q1 2026) and 18.30% (Q3 2022) over five years.
- Compared with a year earlier, Gross Margin has declined for 13 straight quarters, with an average year-over-year change of -0.61 percentage points over the last eight quarters.
- The best year-over-year quarter for Gross Margin over five years was Q2 2022 (a gain of 1.86 percentage points); the worst was Q1 2026 (a drop of 1.04 percentage points).
- Per Business Quant data, MAN's Gross Margin in the three quarters before Q2 2026 was 16.03% (Q1 2026), 16.27% (Q4 2025) and 16.59% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Accenture | 122.50 Bn | 82.91 Bn | 6.13 Bn | 32.77% |
| 2 | Cintas | 78.05 Bn | 77.24 Bn | 1.48 Bn | 50.95% |
| 3 | Iron Mountain | 33.02 Bn | 32.53 Bn | 1.07 Bn | 52.76% |
| 4 | APi | 16.68 Bn | 13.72 Bn | 703.00 Mn | 31.19% |
| 5 | Rollins | 14.49 Bn | 14.04 Bn | 569.95 Mn | 52.84% |
| 6 | Aramark | 14.11 Bn | 12.13 Bn | 430.34 Mn | 8.51% |
| 7 | UL Solutions | 13.27 Bn | 12.05 Bn | 417.00 Mn | 51.10% |
| 8 | Gartner | 11.78 Bn | 5.47 Bn | 1.19 Bn | 70.95% |
| 9 | Rentokil Initial | 9.98 Bn | 3.32 Bn | - | - |
| 10 | ManpowerGroup | 2.58 Bn | 1.03 Bn | 780.30 Mn | 16.05% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 16.05% |
| 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% |
API Access
ManpowerGroup Gross Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=gross-margin&ticker=MAN&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-margin", "ticker": "MAN", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=gross-margin&ticker=MAN&period=max&api_key=YOUR_API_KEY");
const data = await res.json();