ManpowerGroup (MAN) Operating Expenses (2009 - 2026)
ManpowerGroup (MAN) posted quarterly Operating Expenses of $47.6 million for Q4 2025, down 98.22% year-over-year from $2.7 billion in Q4 2024, and up 16.38% quarter-over-quarter from $40.9 million in Q3 2025.
ManpowerGroup (MAN) Operating Expenses (2009 - 2026) Analysis & Trends
ManpowerGroup's Operating Expenses history runs 17 years deep, the most recent figure standing at $47.6 million for Q4 2025.
- In Q4 2025, Operating Expenses fell 98.22% year-over-year to $47.6 million; the TTM figure through Mar 2026 stood at $143.6 million (down 96.46% YoY), while the FY2025 annual figure was $184.7 million, down 93.36% from the prior year.
- Operating Expenses for Q4 2025 stood at $47.6 million, up from $40.9 million in the prior quarter.
- The five-year high for Operating Expenses was $3.0 billion in Q4 2023, with the low at $30.2 million in Q3 2024.
- The 5-year median for Operating Expenses is $677.4 million (2024), against an average of $659.7 million.
- Peak annual rise in Operating Expenses reached 2314.09% in 2021, while the deepest fall reached 98.28% in 2021.
- ManpowerGroup's Operating Expenses stood at $43.8 million in 2021, then soared by 1668.95% to $774.8 million in 2022, then soared by 286.09% to $3.0 billion in 2023, then slipped by 10.84% to $2.7 billion in 2024, then plunged by 98.22% to $47.6 million in 2025.
- Business Quant data shows MAN's Operating Expenses at $47.6 million in Q4 2025, $40.9 million in Q3 2025, and $55.1 million in Q2 2025.
Powered by 
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Robert Half | 4.38 Bn | 4.06 Bn | 474.03 Mn | 536.33 Mn |
| 2 | Korn Ferry | 4.35 Bn | 3.22 Bn | 685.99 Mn | 666.73 Mn |
| 3 | Trinet | 3.16 Bn | 1.29 Bn | - | 1.10 Bn |
| 4 | ManpowerGroup | 2.84 Bn | 2.66 Bn | 780.30 Mn | 668.30 Mn |
| 5 | Insperity | 1.98 Bn | 1.36 Bn | 217.00 Mn | 211.00 Mn |
| 6 | Kforce | 972.09 Mn | 971.76 Mn | 99.45 Mn | 79.41 Mn |
| 7 | Barrett Business Services | 807.62 Mn | 708.23 Mn | 64.85 Mn | 47.19 Mn |
| 8 | Kelly Services | 579.49 Mn | 555.29 Mn | 212.00 Mn | 195.90 Mn |
| 9 | TrueBlue | 320.26 Mn | 297.01 Mn | 91.58 Mn | 83.83 Mn |
| 10 | HireQuest | 232.43 Mn | 230.79 Mn | - | 1.27 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 668.30 Mn |
| Dec 31, 2025 | 47.60 Mn |
| Sep 30, 2025 | 40.90 Mn |
| Jun 30, 2025 | 55.10 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 | 2.99 Bn |
| 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 | 37.00 Mn |
| Jun 30, 2022 | 35.80 Mn |
| Mar 31, 2022 | 758.40 Mn |
| Dec 31, 2021 | 43.80 Mn |
| Sep 30, 2021 | 702.50 Mn |
| Jun 30, 2021 | 690.20 Mn |