ManpowerGroup guidance issued on October 15, 2026, calls for fourth-quarter diluted earnings of $1.03 to $1.13 per share and an effective tax rate of 44%. The workforce-services company announced the outlook alongside third-quarter results showing higher revenue and profit.
Key Takeaways
- The fourth-quarter EPS range is a new quarterly outlook, not a revision to third-quarter guidance.
- Third-quarter reported EPS was $0.71, while adjusted EPS reached $1.01.
- Management cited strength in Manpower and improving revenue trends at Experis and Talent Solutions.
Table of Contents
- ManpowerGroup guidance sets a new quarterly benchmark
- Third-quarter results establish the starting point
- Staffing strength supports management’s outlook
- Conclusion
ManpowerGroup guidance sets a new quarterly benchmark
The company’s third-quarter 2026 results announcement sets the fourth-quarter diluted EPS range at $1.03 to $1.13. These figures are management estimates, not completed results, and actual earnings may differ.
The range is $0.07 higher at both ends than the $0.96 to $1.06 outlook previously issued for the third quarter. Because the forecasts cover different quarters, the new range should not be described as an increase to an existing fourth-quarter forecast.
ManpowerGroup’s quarterly EPS outlooks have moved higher through 2026. The sequence provides context for management’s expectations, but does not by itself establish the path of actual earnings.
| Item | Details |
|---|---|
| Q1 2026 EPS guidance | $0.45–$0.55; announced January 29, 2026 |
| Q2 2026 EPS guidance | $0.91–$1.01; announced April 16, 2026 |
| Q3 2026 EPS guidance | $0.96–$1.06; announced July 16, 2026 |
| Q4 2026 EPS guidance | $1.03–$1.13; announced October 15, 2026 |
Third-quarter results establish the starting point
For the three months ended September 30, 2026, revenue reached $4.8 billion, up 4% from a year earlier, or 5% in constant currency. Net earnings rose to $34.1 million from $18.0 million, while reported diluted EPS increased to $0.71 from $0.38.
Restructuring costs, strategic transformation costs, a business sale adjustment and Argentina-related non-cash currency translation losses reduced quarterly EPS by $0.30. Excluding those items, diluted EPS was $1.01, matching the midpoint of the company’s earlier third-quarter guidance.
The distinction matters when assessing the earnings baseline: reported and adjusted EPS measure different outcomes. ManpowerGroup said adjusted EPS increased 24% in constant currency from the comparable adjusted year-earlier figure.
Staffing strength supports management’s outlook
ManpowerGroup attributed continued revenue growth to strength in its Manpower brand, particularly in the United States. It also reported improving global Experis trends, with the US Experis business returning to growth during the quarter.
Chair and CEO Jonas Prising said Experis and Talent Solutions experienced sequential improvement in revenue trends. He also said the company remained on track for its cost-savings target while expanding its transformation program beyond the United States.
Conclusion
The next earnings benchmark is ManpowerGroup’s fourth-quarter performance against the $1.03 to $1.13 diluted EPS range, following a third quarter in which adjusted EPS met the midpoint of guidance.
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