ManpowerGroup (MAN) Operating Expenses (2009 - 2026)
ManpowerGroup (MAN) posted Operating Expenses of $668.3 million for Q2 2026, down 2.59% on a QoQ basis from $686.1 million in Q4 2025, and down 15.3% year-over-year from $789.0 million in Q2 2025.
Analysis
ManpowerGroup (MAN) Operating Expenses (2009 - 2026) Analysis & Trends
ManpowerGroup has reported Operating Expenses for 18 years, with the latest figure at $668.3 million in Q2 2026.
- On a quarterly basis, Operating Expenses fell 15.3% year-over-year to $668.3 million in Q2 2026; TTM through Jun 2026 was $2.8 billion, a 0.41% change from a year earlier, with the FY2025 full-year figure at $2.8 billion, up 2.4% from the prior year.
- Operating Expenses was $668.3 million for Q2 2026 at ManpowerGroup, down from $686.1 million in the prior quarter.
- The five-year high for Operating Expenses was $850.2 million in Q4 2023, with the low at $668.3 million in Q2 2026.
- Average Operating Expenses over 5 years is $728.8 million, with a median of $717.0 million recorded in 2022.
- The sharpest annual moves came in 2024 and 2025: Operating Expenses slipped 19.21% in 2024, then climbed 15.22% in 2025.
- Over 5 years, Operating Expenses stood at $774.8 million in 2022, then increased by 9.73% to $850.2 million in 2023, then slipped by 19.21% to $686.9 million in 2024, then decreased by 0.12% to $686.1 million in 2025, then slipped by 2.59% to $668.3 million in 2026.
- The last three Operating Expenses figures came in at $668.3 million (Q2 2026), $686.1 million (Q4 2025), and $702.3 million (Q3 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Robert Half | 3.86 Bn | 3.54 Bn | 474.03 Mn | 536.33 Mn |
| 2 | Trinet | 3.06 Bn | 1.18 Bn | - | 1.10 Bn |
| 3 | ManpowerGroup | 2.67 Bn | 2.49 Bn | 780.30 Mn | 668.30 Mn |
| 4 | Insperity | 1.91 Bn | 1.29 Bn | 217.00 Mn | 211.00 Mn |
| 5 | Amn Healthcare Services | 1.34 Bn | 1.31 Bn | 205.88 Mn | 178.97 Mn |
| 6 | Kforce | 861.70 Mn | 861.37 Mn | 99.45 Mn | 79.41 Mn |
| 7 | Barrett Business Services | 790.34 Mn | 690.95 Mn | 64.85 Mn | 47.19 Mn |
| 8 | Quhuo | 561.27 Mn | 554.90 Mn | 1.19 Mn | -16.37 Mn |
| 9 | Kelly Services | 552.42 Mn | 528.22 Mn | 212.00 Mn | 195.90 Mn |
| 10 | Cross Country Healthcare | 428.41 Mn | 322.82 Mn | 47.59 Mn | 245.21 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 668.30 Mn |
| Dec 31, 2025 | 686.10 Mn |
| Sep 30, 2025 | 702.30 Mn |
| Jun 30, 2025 | 789.00 Mn |
| Mar 31, 2025 | 670.10 Mn |
| Dec 31, 2024 | 686.90 Mn |
| Sep 30, 2024 | 711.30 Mn |
| Jun 30, 2024 | 684.80 Mn |
| Mar 31, 2024 | 697.80 Mn |
| Dec 31, 2023 | 850.20 Mn |
| Sep 30, 2023 | 752.10 Mn |
| Jun 30, 2023 | 754.70 Mn |
| Mar 31, 2023 | 745.20 Mn |
| Dec 31, 2022 | 774.80 Mn |
| 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 | 702.50 Mn |
| Jun 30, 2021 | 690.20 Mn |