ManpowerGroup Q3 2026 Revenue Miss Triggers Double-Digit Stock Drop

ManpowerGroup reported third-quarter 2026 revenue of $4.84 billion, up 4.4% from a year earlier, with diluted earnings per share of $0.71 compared with $0.38 a year ago. Excluding restructuring costs, strategic transformation program costs, a business sale adjustment and Argentina currency translation losses, the company said earnings per share were $1.01. That matched the analyst estimate of $1.01, while revenue of $4.84 billion landed just under the $4.85 billion consensus. Other coverage cites a revenue expectation of roughly $4.91 billion, and one outlet called the revenue in line, so the size of the miss depends on the consensus used.

The bigger issue for shares was the outlook. The company projected fourth-quarter diluted EPS of $1.03 to $1.13, and the $1.08 midpoint sits below the $1.10 analyst consensus. The release gave no fourth-quarter revenue guidance. ManpowerGroup also announced that Becky Frankiewicz will become CEO on January 1, 2027, with Jonas Prising moving to Executive Chair.

The stock reaction is best read as a series of intraday snapshots, not a sequence. The headline of one Investing.com report cited a 7% slide, while a later account said shares fell 13.45% to $44.97 following the company's presentation. The same day, other outlets reported steeper pre-market and early declines of 18.3% to 19.75%. No source reviewed gave a closing price, so the full-day move remains unconfirmed.

By region, the release credited growth in the Americas, driven by the United States, and a swing to a $7.5 million operating profit in Northern Europe from a $14.9 million loss a year earlier. Southern Europe, the largest segment at $2,227.9 million of revenue, grew 2.1% in constant currency. For MAN, investors may watch whether fourth-quarter results land within the EPS range and how the incoming CEO frames the growth plan.