ManpowerGroup annual free cash flow
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2025
ManpowerGroup Free Cash Flow (FCF) History (MAN)
ManpowerGroup reported −$161.4M in free cash flow for fiscal 2025, a decrease of $419.5M from the previous fiscal year, with a free cash flow margin of −0.90%.
View full ManpowerGroup company overviewManpowerGroup free cash flow by year
| Fiscal year | Period ended | Free cash flow | Change | Growth | FCF margin |
|---|---|---|---|---|---|
| 2025 | 2025-12-31 | −$161.4M | −$419.5M | — | −0.90% |
| 2024 | 2024-12-31 | $258.1M | −$11.9M | −4.41% | +1.45% |
| 2023 | 2023-12-31 | $270.0M | −$77.7M | −22.35% | +1.43% |
| 2022 | 2022-12-31 | $347.7M | −$232.9M | −40.11% | +1.75% |
| 2021 | 2021-12-31 | $580.6M | −$305.1M | −34.45% | +2.80% |
| 2020 | 2020-12-31 | $885.7M | $124.2M | +16.31% | +4.92% |
| 2019 | 2019-12-31 | $761.5M | $343.1M | +82.00% | +3.65% |
| 2018 | 2018-12-31 | $418.4M | $72.2M | +20.85% | +1.90% |
| 2017 | 2017-12-31 | $346.2M | −$196.9M | −36.25% | +1.65% |
| 2016 | 2016-12-31 | $543.1M | $83.9M | +18.27% | +2.76% |
| 2015 | 2015-12-31 | $459.2M | $204.5M | +80.29% | — |
| 2014 | 2014-12-31 | $254.7M | −$97.3M | −27.64% | — |
| 2013 | 2013-12-31 | $352.0M | $92.4M | +35.59% | — |
| 2012 | 2012-12-31 | $259.6M | $255.3M | +5937.21% | — |
| 2011 | 2011-12-31 | $4.3M | −$119.3M | −96.52% | — |
| 2010 | 2010-12-31 | $123.6M | −$255.6M | −67.41% | — |
| 2009 | 2009-12-31 | $379.2M | −$319.7M | −45.74% | — |
| 2008 | 2008-12-31 | $698.9M | — | — | — |
ManpowerGroup quarterly free cash flow
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Q2.26
| Fiscal quarter | Period ended | Free cash flow | Change | YoY growth | FCF margin |
|---|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | −$8.5M | $198.7M | — | −0.17% |
| Q1 2026 | 2026-03-31 | −$135.3M | $31.6M | — | −3.00% |
| Q4 2025 | 2025-12-31 | $168.0M | −$68.3M | −28.90% | +3.56% |
| Q3 2025 | 2025-09-30 | $44.7M | −$22.7M | −33.68% | +0.96% |
| Q2 2025 | 2025-06-30 | −$207.2M | −$57.4M | — | −4.58% |
| Q1 2025 | 2025-03-31 | −$166.9M | −$271.1M | — | −4.08% |
| Q4 2024 | 2024-12-31 | $236.3M | $145.7M | +160.82% | +5.37% |
| Q3 2024 | 2024-09-30 | $67.4M | −$177.8M | −72.51% | +1.49% |
| Q2 2024 | 2024-06-30 | −$149.8M | $27.4M | — | −3.31% |
| Q1 2024 | 2024-03-31 | $104.2M | −$7.2M | −6.46% | +2.37% |
| Q4 2023 | 2023-12-31 | $90.6M | −$23.8M | −20.80% | +1.96% |
| Q3 2023 | 2023-09-30 | $245.2M | −$8.5M | −3.35% | +5.24% |
| Q2 2023 | 2023-06-30 | −$177.2M | −$105.6M | — | −3.65% |
| Q1 2023 | 2023-03-31 | $111.4M | $60.2M | +117.58% | +2.34% |
| Q4 2022 | 2022-12-31 | $114.4M | −$123.0M | −51.81% | +2.38% |
| Q3 2022 | 2022-09-30 | $253.7M | $81.3M | +47.16% | +5.28% |
| Q2 2022 | 2022-06-30 | −$71.6M | −$114.2M | — | −1.41% |
| Q1 2022 | 2022-03-31 | $51.2M | −$77.0M | −60.06% | +1.00% |
| Q4 2021 | 2021-12-31 | $237.4M | $36.9M | +18.40% | +4.41% |
| Q3 2021 | 2021-09-30 | $172.4M | $64.4M | +59.63% | +3.35% |
| Q2 2021 | 2021-06-30 | $42.6M | −$362.7M | −89.49% | +0.81% |
| Q1 2021 | 2021-03-31 | $128.2M | −$43.7M | −25.42% | +2.60% |
| Q4 2020 | 2020-12-31 | $200.5M | −$101.8M | −33.68% | +3.97% |
| Q3 2020 | 2020-09-30 | $108.0M | −$98.1M | −47.60% | +2.36% |
| Q2 2020 | 2020-06-30 | $405.3M | $244.1M | +151.43% | +10.83% |
| Q1 2020 | 2020-03-31 | $171.9M | $80.0M | +87.05% | +3.72% |
| Q4 2019 | 2019-12-31 | $302.3M | $146.1M | +93.53% | +5.82% |
| Q3 2019 | 2019-09-30 | $206.1M | $92.7M | +81.75% | +3.93% |
| Q2 2019 | 2019-06-30 | $161.2M | −$58.7M | −26.69% | +3.00% |
| Q1 2019 | 2019-03-31 | $91.9M | $163.0M | — | +1.82% |
| Q4 2018 | 2018-12-31 | $156.2M | $57.3M | +57.94% | +2.90% |
| Q3 2018 | 2018-09-30 | $113.4M | −$11.4M | −9.13% | +2.09% |
| Q2 2018 | 2018-06-30 | $219.9M | $277.6M | — | +3.89% |
| Q1 2018 | 2018-03-31 | −$71.1M | −$251.3M | — | −1.29% |
| Q4 2017 | 2017-12-31 | $98.9M | −$84.3M | −46.02% | — |
| Q3 2017 | 2017-09-30 | $124.8M | −$3.8M | −2.95% | — |
| Q2 2017 | 2017-06-30 | −$57.7M | −$141.0M | — | — |
| Q1 2017 | 2017-03-31 | $180.2M | $32.2M | +21.76% | — |
| Q4 2016 | 2016-12-31 | $183.2M | −$26.5M | −12.64% | — |
| Q3 2016 | 2016-09-30 | $128.6M | −$102.2M | −44.28% | — |
| Q2 2016 | 2016-06-30 | $83.3M | $77.0M | +1222.22% | — |
| Q1 2016 | 2016-03-31 | $148.0M | $135.6M | +1093.55% | — |
| Q4 2015 | 2015-12-31 | $209.7M | $27.1M | +14.84% | — |
| Q3 2015 | 2015-09-30 | $230.8M | $122.1M | +112.33% | — |
| Q2 2015 | 2015-06-30 | $6.3M | $19.1M | — | — |
| Q1 2015 | 2015-03-31 | $12.4M | $36.2M | — | — |
| Q4 2014 | 2014-12-31 | $182.6M | −$91.3M | −33.33% | — |
| Q3 2014 | 2014-09-30 | $108.7M | −$66.1M | −37.81% | — |
| Q2 2014 | 2014-06-30 | −$12.8M | $8.8M | — | — |
| Q1 2014 | 2014-03-31 | −$23.8M | $51.3M | — | — |
| Q4 2013 | 2013-12-31 | $273.9M | −$48.9M | −15.15% | — |
| Q3 2013 | 2013-09-30 | $174.8M | $164.6M | +1613.73% | — |
| Q2 2013 | 2013-06-30 | −$21.6M | $11.4M | — | — |
| Q1 2013 | 2013-03-31 | −$75.1M | −$34.7M | — | — |
| Q4 2012 | 2012-12-31 | $322.8M | $199.2M | +161.17% | — |
| Q3 2012 | 2012-09-30 | $10.2M | −$90.2M | −89.84% | — |
| Q2 2012 | 2012-06-30 | −$33.0M | $15.8M | — | — |
| Q1 2012 | 2012-03-31 | −$40.4M | $130.5M | — | — |
| Q4 2011 | 2011-12-31 | $123.6M | −$98.2M | −44.27% | — |
| Q3 2011 | 2011-09-30 | $100.4M | $105.0M | — | — |
| Q2 2011 | 2011-06-30 | −$48.8M | −$6.0M | — | — |
| Q1 2011 | 2011-03-31 | −$170.9M | −$120.1M | — | — |
| Q4 2010 | 2010-12-31 | $221.8M | $199.3M | +885.78% | — |
| Q3 2010 | 2010-09-30 | −$4.6M | — | — | — |
| Q2 2010 | 2010-06-30 | −$42.8M | — | — | — |
| Q1 2010 | 2010-03-31 | −$50.8M | — | — | — |
| Q3 2009 | 2009-09-30 | $22.5M | — | — | — |
ManpowerGroup free cash flow growth trends
Over the last five reported fiscal years, free cash flow declined from $885.7M to −$161.4M, a net decrease of $1.05B. ManpowerGroup's latest reported quarter, Q2 2026, generated −$8.5M in free cash flow, an increase of $198.7M year over year.
About the metric
What free cash flow means
Free cash flow is the cash a company generates from operations after capital expenditures. Positive FCF can fund dividends, buybacks, debt repayment, or reinvestment; negative FCF means capital spending exceeded operating cash flow for that period.
Calculation and source
How free cash flow is calculated
TickerStat calculates free cash flow as SEC-reported operating cash flow minus capital expenditures. FCF margin equals free cash flow divided by revenue. Fiscal periods can differ from calendar years, so the tables include exact period-end dates.
Review ManpowerGroup filings at SEC.gov ↗