ManpowerGroup (MAN) Operating Expenses (2009 - 2026)
ManpowerGroup (MAN) reported Operating Expenses of $668.3 million for Q2 2026, down 15.3% from $789 million a year earlier.
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Analysis
ManpowerGroup (MAN) Operating Expenses (2009 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, ManpowerGroup's Operating Expenses came in at $2.85 billion, down 0.4% year-over-year; for FY2025, it came in at $2.85 billion, up 2.4% from FY2024.
- Operating Expenses has a five-year compound annual growth rate of 1.5% (FY2020 to FY2025).
- By year, Operating Expenses came in at $2.78 billion in FY2024 (-10.4%), $3.1 billion in FY2023 (+3.7%), $2.99 billion in FY2022 (+6.0%) and $2.82 billion in FY2021 (+7.0%).
- The Q2 2026 figure ranks as the lowest quarterly Operating Expenses since Q4 2020.
- Year over year, Operating Expenses gained in 1 of the last seven quarters, with an average decline of 4.3%.
- The high point for year-over-year Operating Expenses in five years was Q2 2025 (growth of 15.2%); the low point was Q4 2024 (a decline of 19.2%).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Accenture | 116.45 Bn | 76.86 Bn | 6.13 Bn | 15.54 Bn |
| 2 | Cintas | 80.26 Bn | 79.45 Bn | 1.48 Bn | 792.12 Mn |
| 3 | Iron Mountain | 33.05 Bn | 32.57 Bn | 1.07 Bn | 1.66 Bn |
| 4 | APi | 16.57 Bn | 13.61 Bn | 703.00 Mn | 528.00 Mn |
| 5 | Rollins | 14.72 Bn | 14.26 Bn | 569.95 Mn | 877.22 Mn |
| 6 | Aramark | 14.30 Bn | 12.32 Bn | 430.34 Mn | 4.84 Bn |
| 7 | UL Solutions | 13.09 Bn | 11.87 Bn | 417.00 Mn | 267.00 Mn |
| 8 | Gartner | 11.73 Bn | 5.42 Bn | 1.19 Bn | 1.30 Bn |
| 9 | Rentokil Initial | 10.36 Bn | 3.71 Bn | - | - |
| 10 | ManpowerGroup | 2.66 Bn | 1.10 Bn | 780.30 Mn | 668.30 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 |
API Access
ManpowerGroup Operating Expenses 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=operating-expenses&ticker=MAN&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-expenses", "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=operating-expenses&ticker=MAN&period=max&api_key=YOUR_API_KEY");
const data = await res.json();