ManpowerGroup launches major transformation as Q1 revenue hits $4.5B

ManpowerGroup (NYSE:MAN), a global leader in innovative workforce solutions, reported its first-quarter 2026 financial results today, characterized by steady top-line growth and the commencement of an aggressive restructuring phase.

The company posted revenue of $4.5 billion, a 10% increase on a reported basis and a 3% gain in constant currency compared to the prior-year period.

The bottom line for the quarter reflected the initial impact of the firm’s pivot toward operational efficiency.

Net earnings stood at $2.5 million, or $0.05 per diluted share.

However, when excluding significant restructuring and transformation charges associated with its new global initiative, adjusted earnings per share (EPS) reached $0.51.

The centerpiece of the quarterly announcement is the launch of an expanded strategic transformation program.

This multi-year plan is designed to modernize ManpowerGroup's delivery model and consolidate back-office functions across its international footprint.

The company expects the program to deliver approximately $200 million in permanent annual cost savings by 2028, providing more flexibility to invest in its high-growth Experis and Talent Solutions brands.

For the second quarter of 2026, ManpowerGroup provided an EPS guidance range of $0.91 to $1.01.

This outlook includes an estimated $0.05 favorable impact from currency fluctuations and assumes a projected tax rate of 43%.