ManpowerGroup reported fourth-quarter revenues of $4.7 billion, a 7% increase from the prior year period, with organic constant-currency growth of 2%. Net earnings rose to $30.2 million, or $0.64 per diluted share, versus $22.5 million, or $0.47 per diluted share, in the year-ago quarter. Excluding restructuring charges, pension settlements and hyperinflation-related translation losses that deducted $0.28 per share, adjusted EPS came in at $0.92, outpacing the prior-year adjusted result of $1.02 and topping consensus estimates by $0.09 per share.

Americas revenues reached $1.13 billion, up 5.6% year-over-year (4.7% constant currency), led by stabilization in the United States and strength in Other Americas. Southern Europe delivered $2.25 billion, up 9.9% (0.7% constant currency), driven by market-leading growth in Italy and improved trends in France. Northern Europe revenues rose 6.6% to $819 million (–1.1% constant currency), while Asia Pacific & Middle East ended the quarter at $520 million, down 0.5% reported (up 0.2% constant currency).

Gross profit margin held at 16.3%, with staffing margin trends steady from the prior quarter despite softer permanent recruitment activity in Europe. SG&A expenses declined sequentially year-over-year, aided by additional restructuring actions. Operating profit increased 18.4% to $80.6 million. Cash provided by operating activities totaled $179 million, with free cash flow of $168 million. The company refinanced its €500 million Euro note and extended its revolving credit facility for five years, enhancing liquidity and financial flexibility.

Looking ahead, ManpowerGroup anticipates first-quarter diluted earnings per share between $0.45 and $0.55, including a favorable currency impact of $0.06 and a 43.0% effective tax rate. Management cited ongoing stabilization in market demand, ramped technology initiatives and disciplined cost optimization as key drivers to capture improving trends and drive productivity gains throughout 2026.