Full Transcript: ManpowerGroup Q2 2026 Earnings Call

ManpowerGroup (NYSE: MAN ) released second-quarter financial results and hosted an earnings call on Thursday.

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View the webcast at Summary ManpowerGroup reported strong Q2 2026 results with revenues of $4.9 billion, a 6% growth in constant currency.

The adjusted EBITDA margin was 2.1%, showing improved demand trends.

The Manpower brand delivered its fifth consecutive quarter of growth, with notable strength in the US market and improvements in Northern Europe.

Experis, focused on technology resourcing, showed improvement driven by demand for cloud, migration, and AI capabilities.

Talent Solutions also delivered sequential improvement.

A strategic transformation program is underway, targeting $200 million in cost savings by 2028, including the sale of Jefferson Wells US Business.

The company anticipates continued revenue growth in Q3 2026, with EPS guidance between $0.96 to $1.06 and stable gross profit margins.

Management highlighted successful AI integration in sales and recruitment processes, enhancing efficiency and creating new business opportunities.

Notable partnerships with AI companies like SoundHound and IBM WatsonX are expanding market capabilities and creating new revenue streams.

Full Transcript OPERATOR Welcome to ManpowerGroup's second quarter earnings results conference call.

You'll be put into listen-only mode until the question and answer time begins.

This call is being recorded.

If you care to drop off now, please do so.

I would now like to turn the call over to ManpowerGroup's Chairman and CEO, Mr.

Jonas Prising.

Sir, you may begin.

Jonas Prising, Chairman & CEO Good morning and thank you for joining us for our second quarter 2026 conference call.

Our Chief Financial Officer Jack McGinnis and our President and Chief Strategy Officer Becky Frankiewicz are both with me today.

For your convenience, our prepared remarks are available in the Investor Relations section of our website at manpowergroup.com.

I'll begin with a brief overview of the quarter including how we're seeing conditions evolve across our markets and then I'll share a few updates on our transformation as well as our longer-term objectives.

Jackie will then provide an update on client momentum and the opportunities we're capturing with AI, followed by Jack who will walk through the detailed financial results and our guidance for the third quarter of 2026.

I'll close with a few comments before we open the line for Q and A.

Jack will now cover the safe harbor language.

Jack McGinnis, Executive Vice President and Chief Financial Officer Good morning everyone.

This conference call includes forward-looking statements including statements concerning economic and geopolitical uncertainty which are subject to known and unknown risks and uncertainties.

These statements are based on management's current expectations or beliefs.

Actual results might differ materially from those projected in the forward-looking statements.

We assume no obligation to update or revise any forward-looking statements.

Slide 2 of our earnings release presentation further identifies forward-looking statements made in this call and factors that may cause our actual results to differ materially and information regarding reconciliation of non-GAAP measures.

Jonas Prising, Chairman & CEO Thanks Jack.

During the second quarter we delivered strong results with revenues ahead of expectations underscored by growing client demand and accelerated delivery of our strategy.

Our reported revenues were $4.9 billion representing constant currency growth of 6%.