Shares of ManpowerGroup MAN have had an excellent run over the past month. The stock has risen 39.2%, outperforming the industry’s 15.2% growth. The Zacks S&P 500 composite has risen 2.9% over the same time frame.
MAN has a Growth Score of B. This style score condenses key financial metrics to reflect a fair sense of the quality and sustainability of its growth.
ManpowerGroup has an encouraging earnings surprise history. Its earnings surpassed the Zacks Consensus Estimate in each of the trailing four quarters, delivering an average surprise of 4.3%.
The company’s third-quarter 2026 earnings are expected to increase 21.7% year over year. Its 2026 and 2027 earnings are projected to rise 21.9% and 41.2%, respectively. Revenues are anticipated to grow 7.3% in 2026 and 4.4% in 2027.
Factors That Bode Well for MAN
ManpowerGroup is a global service provider of comprehensive workforce solutions. Its diversified business mix helps organizations with recruitment, training, outsourcing and consulting services. The consistent demand across manufacturing, automotive, aerospace, logistics and retail, along with U.S. sales activity, continues to drive the company’s growth. Rising automation concerns further increase demand for MAN’s upskilling and career transition solutions, supporting long-term revenue growth.
Strong demand for cloud migration, application development, data and artificial intelligence (AI) services continues to boost the company's growth. MAN’s brand, Experis, a specialized technology talent provider, empowers organizations to modernize technology infrastructure, streamline operations and accelerate innovation through expert consulting services in cloud, AI, data and applications.
The company is witnessing strong regional growth. During the second quarter of 2026, revenues from the Americas climbed 14.4% year over year. U.S. revenues grew 6%, while Other Americas revenues increased 29% year over year. Revenues in Southern Europe and Northern Europe jumped 7.4% and 3.9% year over year, respectively. This shows the company benefits from broad-based growth across markets, which mitigates concentration risks and expands its global footprint.
ManpowerGroup Inc. Revenue (Quarterly)
ManpowerGroup Inc. revenue-quarterly | ManpowerGroup Inc. Quote
MAN boosts operational efficiency by balancing strict cost control and strategic pricing with targeted investments in operational technology. The company has rolled out cloud-based and mobile apps, upgraded front-office systems and enhanced global technology infrastructure across key markets.
MAN has demonstrated a strong commitment to its shareholders through consistent dividend payments and share repurchases. In fiscal 2023, 2024 and 2025, the company repurchased shares worth $179.8 million, $140 million and $38 million, respectively, while paying out $144.3 million, $145.8 million and $66.7 million, respectively, in dividends. This consistency underscores its dedication to creating long-term value for investors.
Risks to Watch
ManpowerGroup's global presence makes it vulnerable to foreign currency exchange rate fluctuations. The company earned nearly 85% of its revenues from outside the United States in 2025, the majority of which were generated in Europe. Volatility in the value of the U.S. dollar against other currencies heavily impacts the company’s bottom line.
Stiff competition from several players in a highly competitive employment services industry also affects MAN’s financial performance. This competition can limit pricing power, increase operational expenses and reduce market share. As a result, the company must balance competitive pricing strategies with the need to maintain healthy profit margins.
ManpowerGroup currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here
Stocks to Consider
A couple of better-ranked stocks in the broader Zacks Business Services sector are Veralto Corporation VLTO and Thomson Reuters Corporation TRI.
Veralto Corporation carries a Zacks Rank #2 (Buy) at present. It has a long-term earnings growth expectation of 8.4%. VLTO delivered a trailing four-quarter earnings surprise of 6.6%, on average.
Thomson Reuters also holds a Zacks Rank of 2 at present. It has a long-term earnings growth expectation of 15.3%. TRI’s earnings beat estimates in each of the trailing four quarters, with the surprise being 2.7%, on average.
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This article originally published on Zacks Investment Research (zacks.com).