ManpowerGroup (MAN) Operating Expenses (2009 - 2025)
ManpowerGroup's quarterly Operating Expenses came in at $2.7 billion in Q4 2025, up 1.62% year-on-year from $2.7 billion in Q4 2024, and up 285.93% quarter-over-quarter from $702.3 million in Q3 2025.
ManpowerGroup has reported Operating Expenses for 17 years, with the latest figure at $2.7 billion in Q4 2025.
- For the quarter ending Q4 2025, Operating Expenses rose 1.62% year-over-year to $2.7 billion; the trailing twelve-month figure through Mar 2026 stood at $4.2 billion (up 3.69% YoY), and the FY2025 full-year result was $2.8 billion, up 2.4% from the prior year.
- Operating Expenses for Q4 2025 stood at $2.7 billion, up from $702.3 million in the prior quarter.
- The five-year high for Operating Expenses was $2.9 billion in Q4 2022, with the low at $30.2 million in Q3 2024.
- Average Operating Expenses over 5 years is $864.7 million, with a median of $728.8 million recorded in 2022.
- Year-over-year, Operating Expenses jumped 2494.74% in 2021 and sank 95.98% in 2024.
- Tracing MAN's Operating Expenses over 5 years: stood at $759.7 million in 2021, then jumped by 278.56% to $2.9 billion in 2022, then tumbled by 70.44% to $850.2 million in 2023, then soared by 213.71% to $2.7 billion in 2024, then climbed by 1.62% to $2.7 billion in 2025.
- The last three Operating Expenses figures came in at $2.7 billion (Q4 2025), $702.3 million (Q3 2025), and $789.0 million (Q2 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Korn Ferry | 3.61 Bn | 2.64 Bn | 724.93 Mn | 634.03 Mn |
| 2 | Robert Half | 2.93 Bn | 2.65 Bn | 479.91 Mn | 443.00 Mn |
| 3 | Trinet | 2.15 Bn | 684.96 Mn | 1.16 Bn | 1.10 Bn |
| 4 | ManpowerGroup | 1.48 Bn | 1.25 Bn | 723.00 Mn | - |
| 5 | Insperity | 1.31 Bn | 754.86 Mn | 302.00 Mn | 240.00 Mn |
| 6 | Barrett Business Services | 814.51 Mn | 722.64 Mn | 43.19 Mn | 47.48 Mn |
| 7 | Kforce | 805.03 Mn | 803.69 Mn | 90.07 Mn | 76.76 Mn |
| 8 | Kelly Services | 399.73 Mn | 374.13 Mn | 196.40 Mn | 199.30 Mn |
| 9 | TrueBlue | 187.20 Mn | 163.07 Mn | 79.02 Mn | 87.30 Mn |
| 10 | HireQuest | 182.43 Mn | 181.41 Mn | - | 1.89 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 2.71 Bn |
| Sep 30, 2025 | 702.30 Mn |
| Jun 30, 2025 | 789.00 Mn |
| Mar 31, 2025 | 670.10 Mn |
| Dec 31, 2024 | 2.67 Bn |
| Sep 30, 2024 | 30.20 Mn |
| Jun 30, 2024 | 684.80 Mn |
| Mar 31, 2024 | 41.70 Mn |
| Dec 31, 2023 | 850.20 Mn |
| Sep 30, 2023 | 752.10 Mn |
| Jun 30, 2023 | 35.50 Mn |
| Mar 31, 2023 | 745.20 Mn |
| Dec 31, 2022 | 2.88 Bn |
| Sep 30, 2022 | 717.00 Mn |
| Jun 30, 2022 | 740.50 Mn |
| Mar 31, 2022 | 758.40 Mn |
| Dec 31, 2021 | 759.70 Mn |
| Sep 30, 2021 | 36.00 Mn |
| Jun 30, 2021 | 690.20 Mn |
| Mar 31, 2021 | 37.20 Mn |
| Dec 31, 2020 | -1.86 Bn |
| Sep 30, 2020 | 663.50 Mn |
| Jun 30, 2020 | 26.60 Mn |
| Mar 31, 2020 | 686.30 Mn |
| Dec 31, 2019 | 32.90 Mn |
| Sep 30, 2019 | 29.20 Mn |
| Jun 30, 2019 | 739.60 Mn |
| Mar 31, 2019 | 27.90 Mn |
| Dec 31, 2018 | 31.00 Mn |
| Sep 30, 2018 | 26.30 Mn |
| Jun 30, 2018 | 25.90 Mn |
| Mar 31, 2018 | 731.60 Mn |
| Dec 31, 2017 | 697.10 Mn |
| Sep 30, 2017 | 671.90 Mn |
| Jun 30, 2017 | 666.50 Mn |
| Mar 31, 2017 | 659.90 Mn |
| Dec 31, 2016 | 634.30 Mn |
| Sep 30, 2016 | 647.20 Mn |
| Jun 30, 2016 | 664.70 Mn |
| Mar 31, 2016 | 642.10 Mn |
| Dec 31, 2015 | 670.00 Mn |
| Sep 30, 2015 | 645.80 Mn |
| Jun 30, 2015 | 651.90 Mn |
| Mar 31, 2015 | 639.20 Mn |
| Dec 31, 2014 | 675.50 Mn |
| Sep 30, 2014 | 693.30 Mn |
| Jun 30, 2014 | 709.90 Mn |
| Dec 31, 2013 | 719.60 Mn |
| Sep 30, 2013 | 691.20 Mn |
| Jun 30, 2013 | 708.30 Mn |
| Mar 31, 2013 | 735.70 Mn |
| Dec 31, 2012 | 771.80 Mn |
| Sep 30, 2012 | 737.60 Mn |
| Jun 30, 2012 | 767.30 Mn |
| Mar 31, 2012 | 753.60 Mn |
| Dec 31, 2011 | 805.40 Mn |
| Sep 30, 2011 | 793.30 Mn |
| Jun 30, 2011 | 811.40 Mn |
| Mar 31, 2011 | 772.00 Mn |
| Dec 31, 2010 | 1.25 Bn |
| Sep 30, 2010 | 732.30 Mn |
| Jun 30, 2010 | 717.90 Mn |
| Dec 31, 2009 | 4.78 Bn |
| Sep 30, 2009 | -664.60 Mn |
| Jun 30, 2009 | 673.30 Mn |