Full Transcript: ManpowerGroup Q2 2026 Earnings Call

ManpowerGroup (NYSE: MAN ) released second-quarter financial results and hosted an earnings call on Thursday. Read the complete transcript below. APIs provide real-time access to earnings call transcripts and financial data. Visit to learn more.

9 billion, a 6% growth in constant currency. 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. 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. 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. 9 billion representing constant currency growth of 6%.

3 billion. 1% reflects improving demand trends and operating leverage. These results reflect good execution across our brands and markets, continued cost discipline and improving demand, continue to leverage our scale and global footprint and focus commercial efforts on verticals where demand is strongest and where we have a clear opportunity to win and capture market share. We are encouraged by our performance across our brands.

Specifically within Manpower, demand indicators have strengthened and the brand delivered its fifth consecutive quarter of growth with revenue up 8% in constant currency. We are seeing positive momentum across key verticals including manufacturing, automotive, aerospace, logistics, and retail. In the US, Manpower performance in Q2 was particularly strong driven by accelerated sales activity and a robust pipeline that continues to build. We're also seeing a meaningful improvement in Northern Europe which was profitable this quarter and represents a significant and broad-based year-over-year improvement.

While there's still more progress to make, the actions that we have taken are driving improved performance. Experis, our technology, resourcing and services business, delivered encouraging improvement driven by sustained demand for specialized capabilities in cloud, migration, application development, data, and AI. Our partnership approach and human plus agent offerings are addressing new market needs, all contributing to a pipeline of higher value opportunities. With clients seeking both agility and deep technical expertise, we expect continued improvement in Q3.

Lastly, in Talent Solutions we delivered sequential improvement and are encouraged by the strength of the pipeline. We've sharpened our strategic focus and strengthened how our teams, capabilities, and expertise come together globally. This alignment enables us to reduce complexity, accelerate innovation, and deliver stronger client outcomes across the portfolio. We continue to actively shape our business towards higher value opportunities where capabilities are most differentiated.

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