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Jun 30
ManpowerGroup Q2 2025 Earnings Report
ManpowerGroup reported a net loss in Q2 2025 as impairment charges and restructuring weighed on results.
Key Takeaways
ManpowerGroup posted a net loss due to an $89M goodwill impairment and restructuring costs, with revenue flat year over year. Adjusted EPS remained positive, and management noted signs of market stabilization in the U.S. and parts of Europe.
Reported $67.1M net loss versus $60.1M net income a year ago
Revenue was flat at $4.5B, with mixed demand trends globally
Impairment charges of $88.7M impacted profitability significantly
Positive signs of stabilization in the U.S. and parts of Europe
ManpowerGroup
ManpowerGroup
ManpowerGroup Revenue by Geographic Location
Revenue by Geographic Location
United States Revenue
CapyFin.comOther Americas Revenue
CapyFin.comFrance Revenue
CapyFin.comItaly Revenue
CapyFin.comOther Southern Europe Revenue
CapyFin.comNorthern Europe Revenue
CapyFin.comAPME Revenue
CapyFin.com Forward Guidance
ManpowerGroup expects diluted EPS in Q3 2025 between $0.77 and $0.87, including a favorable currency impact.
Positive Outlook
- Positive signs of stabilization in the U.S. and parts of Europe
- Continued execution on Diversify, Digitize, and Innovate strategy
- Focus on market share gains despite volatility
- Ongoing investments in AI to drive future growth
- Favorable currency impact expected in Q3
Challenges Ahead
- Economic and geopolitical volatility impacting demand
- Professional staffing demand remains sluggish
- Goodwill impairment and restructuring weigh on profitability
- High effective tax rate expected (48%)
- Revenue growth still pressured in Europe and APME
Revenue & Expenses
Visualization of income flow from segment revenue to net income