ManpowerGroup (MAN) Operating Margin (2009 - 2026)
ManpowerGroup (MAN) recorded quarterly Operating Margin of 0.63% in Q1 2026, up 159.26% quarter-over-quarter from 1.06% in Q4 2025, and down 6.0% on a YoY basis from 0.67% in Q1 2025.
ManpowerGroup (MAN) Operating Margin (2009 - 2026) Analysis & Trends
ManpowerGroup's Operating Margin history runs 18 years deep, the most recent figure standing at 0.63% for Q1 2026.
- In Q1 2026, Operating Margin fell 6.0% year-over-year to 0.63%; the TTM figure through Mar 2026 stood at 0.11% (down 142.0% YoY), while the FY2025 annual figure was 0.11%, down 160.0% from the prior year.
- Operating Margin was 0.63% for Q1 2026 at ManpowerGroup, up from 1.06% in the prior quarter.
- In the past five years, Operating Margin ranged from a high of 3.56% in Q2 2022 to a low of 7.57% in Q4 2022.
- Historically, Operating Margin has averaged 0.9% across 5 years, with a median of 1.5% in 2024.
- The sharpest annual moves came in 2022 and 2023: Operating Margin sank 339041 bps in 2022, then soared 671 bps in 2023.
- A 5-year view of Operating Margin shows it stood at 7.57% in 2022, then soared by 89 bps to 0.85% in 2023, then jumped by 282 bps to 1.55% in 2024, then sank by 168 bps to 1.06% in 2025, then jumped by 159 bps to 0.63% in 2026.
- The last three Operating Margin figures came in at 0.63% (Q1 2026), 1.06% (Q4 2025), and 1.44% (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Korn Ferry | 3.69 Bn | 2.72 Bn | 724.93 Mn | 12.55% |
| 2 | Robert Half | 3.13 Bn | 2.85 Bn | 479.91 Mn | 2.84% |
| 3 | Trinet | 2.12 Bn | 660.05 Mn | 1.16 Bn | 4.40% |
| 4 | ManpowerGroup | 1.56 Bn | 1.34 Bn | 723.00 Mn | 0.63% |
| 5 | Insperity | 1.38 Bn | 825.54 Mn | 302.00 Mn | 3.27% |
| 6 | Barrett Business Services | 828.03 Mn | 736.15 Mn | 43.19 Mn | -2.11% |
| 7 | Kforce | 777.11 Mn | 775.77 Mn | 90.07 Mn | 3.63% |
| 8 | Kelly Services | 391.13 Mn | 365.53 Mn | 196.40 Mn | -0.49% |
| 9 | TrueBlue | 205.89 Mn | 181.76 Mn | 79.02 Mn | -4.48% |
| 10 | HireQuest | 172.03 Mn | 171.01 Mn | - | 22.63% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 0.63% |
| Dec 31, 2025 | -1.06% |
| Sep 30, 2025 | 1.44% |
| Jun 30, 2025 | -0.56% |
| Mar 31, 2025 | 0.69% |
| Dec 31, 2024 | 1.55% |
| Sep 30, 2024 | 1.56% |
| Jun 30, 2024 | 2.24% |
| Mar 31, 2024 | 1.50% |
| Dec 31, 2023 | -0.85% |
| Sep 30, 2023 | 1.49% |
| Jun 30, 2023 | 2.22% |
| Mar 31, 2023 | 2.48% |
| Dec 31, 2022 | -7.57% |
| Sep 30, 2022 | 3.36% |
| Jun 30, 2022 | 3.56% |
| Mar 31, 2022 | 2.70% |
| Dec 31, 2021 | 3.10% |
| Sep 30, 2021 | 2.93% |
| Jun 30, 2021 | 3.22% |