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Get filing alertsManpowerGroup Q3 EPS nearly doubles to $0.71; Becky Frankiewicz to become CEO Jan 1
Filed October 15, 2026 · Period ending October 15, 2026 · ~1 min read
Key Changes
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Q3 diluted EPS rose to $0.71 from $0.38 a year earlier; net earnings were $34.1 million vs. $18.0 million.
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Revenue grew 4% to $4.8 billion, driven by strength in the Manpower brand, particularly in the U.S.
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Q4 EPS guidance is $1.03 to $1.13, with an expected 44% effective tax rate.
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Becky Frankiewicz will become CEO on January 1, 2027; Jonas Prising transitions to Executive Chair.
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Nine-month net earnings swung to $90.1 million ($1.89 per share) from a loss of $43.5 million ($0.93 per share) a year earlier.
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Summary
ManpowerGroup reported strong third-quarter 2026 results, with diluted earnings per share nearly doubling to $0.71 from $0.38 a year earlier. Revenue increased 4% to $4.8 billion, led by the Manpower brand in the United States. The company also provided fourth-quarter EPS guidance of $1.03 to $1.13, above the adjusted third-quarter figure of $1.01.
In a separate announcement, the company said Becky Frankiewicz will become CEO on January 1, 2027, with current CEO Jonas Prising moving to Executive Chair. The leadership change is planned and comes as the company continues its strategic transformation program, which remains on track to deliver $200 million in cost savings by 2028.
For retail investors, the earnings improvement and clear succession plan are positive signals. The company's year-to-date results swung from a loss to a profit, partly due to the absence of a prior-year goodwill impairment charge. The Q4 guidance suggests management expects continued momentum.
Section-by-Section Diff
Event · Item 2.02 — Results of Operations and Financial Condition
ManpowerGroup issued a press release announcing Q3 and nine-month 2026 results.
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On October 15, 2026, we issued a press release announcing our results of operations for the three and nine months ended September 30, 2026 and 2025.
The company announced its results of operations for the three and nine months ended September 30, 2026 and 2025 via a press release dated October 15, 2026. The press release is attached as Exhibit 99.1 and incorporated by reference.
Event · Exhibit 99.1
ManpowerGroup reports Q3 2026 EPS of $0.71, revenue up 4%, and announces CEO transition to Becky Frankiewicz effective Jan 1, 2027.
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Revenues for the third quarter were $4.8 billion, a 4% increase from the prior year period.
Revenue grew 4% as reported and 5% on a constant currency basis. Growth was driven by strength in the Manpower brand, particularly in the United States.
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Becky Frankiewicz will become CEO January 1, 2027, with Jonas Prising transitioning to Executive Chair.
The company announced a planned leadership transition: Becky Frankiewicz will become CEO on January 1, 2027, while current CEO Jonas Prising moves to Executive Chair. Details are in a separate press release issued the same morning.
Event · Exhibit 99.2
ManpowerGroup reports Q3 2026 results with revenue of $4.8B, EPS of $0.71, and Q4 guidance of $1.03-$1.13 EPS.
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Revenue $4.8B (Systemwide $5.3B)
ManpowerGroup reported third quarter 2026 revenue of $4.8 billion, with systemwide revenue of $5.3 billion including franchise offices. Revenue grew 4% as reported and 6% on an organic constant currency basis.
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EPS $0.71 ($1.01 as adjusted)
Reported earnings per share were $0.71, or $1.01 as adjusted excluding restructuring costs, strategic transformation program costs, a U.S. Jefferson Wells disposition charge, and a non-cash currency translation loss related to hyper-inflationary Argentina.
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EBITA $89M ($107M as adjusted)
EBITA was $89 million as reported, or $107 million as adjusted. EBITA margin was 1.8% as reported and 2.2% as adjusted, reflecting continued cost discipline and operating leverage.
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EPS(2) $1.03 – $1.13 (no currency impact)
The company provided fourth quarter 2026 guidance with EPS expected between $1.03 and $1.13, assuming no currency impact. Revenue is expected to be up 3-7% total, with gross profit margin of 15.8-16.0% and EBITA margin of 2.2-2.4%.
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Remain on track to deliver $200M cost savings target in 2028.
The company's global strategic transformation program is progressing as planned, expanding to the U.K. in Q3, and remains on track to deliver $200 million in cost savings by 2028.
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