ManpowerGroup annual net debt
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2025
ManpowerGroup Net Debt Growth & History (MAN)
ManpowerGroup's net debt was $1.22B for fiscal 2025.
View full ManpowerGroup company overviewManpowerGroup annual net debt history
| Fiscal year | Period ended | Net debt | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | $1.22B | $396.8M | +48.33% |
| 2024 | 2024-12-31 | $821.0M | −$23.7M | −2.81% |
| 2023 | 2023-12-31 | $844.7M | $125.1M | +17.38% |
| 2022 | 2022-12-31 | $719.6M | $63.3M | +9.64% |
| 2021 | 2021-12-31 | $656.3M | $675.1M | — |
| 2020 | 2020-12-31 | −$18.8M | −$525.2M | — |
| 2019 | 2019-12-31 | $506.4M | $22.9M | +4.74% |
| 2018 | 2018-12-31 | $483.5M | $225.0M | +87.04% |
| 2017 | 2017-12-31 | $258.5M | $31.6M | +13.93% |
| 2016 | 2016-12-31 | $226.9M | $102.3M | +82.10% |
| 2015 | 2015-12-31 | $124.6M | $356.0M | — |
| 2014 | 2014-12-31 | −$231.4M | −$11.7M | — |
| 2013 | 2013-12-31 | −$219.7M | −$341.7M | — |
| 2012 | 2012-12-31 | $122.0M | $2.3M | +1.92% |
| 2011 | 2011-12-31 | $119.7M | $194.3M | — |
| 2010 | 2010-12-31 | −$74.6M | $182.7M | — |
| 2009 | 2009-12-31 | −$257.3M | — | — |
ManpowerGroup quarterly net debt
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Q2.25
Q3.25
Q4.25
Q1.26
Q2.26
| Fiscal quarter | Period ended | Net debt | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | $763.2M | $145.8M | +23.62% |
| Q1 2026 | 2026-03-31 | $1.20B | $227.7M | +23.38% |
| Q4 2025 | 2025-12-31 | $1.22B | $396.8M | +48.33% |
| Q3 2025 | 2025-09-30 | $614.7M | −$375.1M | −37.90% |
| Q2 2025 | 2025-06-30 | $617.4M | −$268.2M | −30.28% |
| Q1 2025 | 2025-03-31 | $973.9M | — | — |
| Q4 2024 | 2024-12-31 | $821.0M | −$23.7M | −2.81% |
| Q3 2024 | 2024-09-30 | $989.8M | $204.2M | +25.99% |
| Q2 2024 | 2024-06-30 | $885.6M | −$97.9M | −9.95% |
| Q4 2023 | 2023-12-31 | $844.7M | $125.1M | +17.38% |
| Q3 2023 | 2023-09-30 | $785.6M | $116.8M | +17.46% |
| Q2 2023 | 2023-06-30 | $983.5M | $603.5M | +158.82% |
| Q4 2022 | 2022-12-31 | $719.6M | $63.3M | +9.64% |
| Q3 2022 | 2022-09-30 | $668.8M | $1.32B | — |
| Q2 2022 | 2022-06-30 | $380.0M | $388.3M | — |
| Q1 2022 | 2022-03-31 | $136.3M | $202.7M | — |
| Q4 2021 | 2021-12-31 | $656.3M | $675.1M | — |
| Q3 2021 | 2021-09-30 | −$653.5M | −$558.3M | — |
| Q2 2021 | 2021-06-30 | −$8.3M | −$5.9M | — |
| Q1 2021 | 2021-03-31 | −$66.4M | −$392.8M | — |
| Q4 2020 | 2020-12-31 | −$18.8M | −$525.2M | — |
| Q3 2020 | 2020-09-30 | −$95.2M | −$688.9M | — |
| Q2 2020 | 2020-06-30 | −$2.4M | −$718.7M | — |
| Q1 2020 | 2020-03-31 | $326.4M | −$547.9M | −62.67% |
| Q4 2019 | 2019-12-31 | $506.4M | $22.9M | +4.74% |
| Q3 2019 | 2019-09-30 | $593.7M | $238.8M | +67.29% |
| Q2 2019 | 2019-06-30 | $716.3M | $438.6M | +157.94% |
| Q1 2019 | 2019-03-31 | $874.3M | $935.4M | — |
| Q4 2018 | 2018-12-31 | $483.5M | $225.0M | +87.04% |
| Q3 2018 | 2018-09-30 | $354.9M | $551.2M | — |
| Q2 2018 | 2018-06-30 | $277.7M | $396.0M | — |
| Q1 2018 | 2018-03-31 | −$61.1M | −$132.7M | — |
| Q4 2017 | 2017-12-31 | $258.5M | $31.6M | +13.93% |
| Q3 2017 | 2017-09-30 | −$196.3M | −$532.9M | — |
| Q2 2017 | 2017-06-30 | −$118.3M | −$401.8M | — |
| Q1 2017 | 2017-03-31 | $71.6M | −$30.8M | −30.08% |
| Q4 2016 | 2016-12-31 | $226.9M | $102.3M | +82.10% |
| Q3 2016 | 2016-09-30 | $336.6M | $148.3M | +78.76% |
| Q2 2016 | 2016-06-30 | $283.5M | $358.7M | — |
| Q1 2016 | 2016-03-31 | $102.4M | $353.9M | — |
| Q4 2015 | 2015-12-31 | $124.6M | $356.0M | — |
| Q3 2015 | 2015-09-30 | $188.3M | $405.2M | — |
| Q2 2015 | 2015-06-30 | −$75.2M | $81.9M | — |
| Q1 2015 | 2015-03-31 | −$251.5M | −$39.3M | — |
| Q4 2014 | 2014-12-31 | −$231.4M | −$11.7M | — |
| Q3 2014 | 2014-09-30 | −$216.9M | −$204.4M | — |
| Q2 2014 | 2014-06-30 | −$157.1M | −$331.7M | — |
| Q1 2014 | 2014-03-31 | −$212.2M | −$77.7M | — |
| Q4 2013 | 2013-12-31 | −$219.7M | −$341.7M | — |
| Q3 2013 | 2013-09-30 | −$12.5M | −$19.3M | — |
| Q2 2013 | 2013-06-30 | $174.6M | −$125.9M | −41.90% |
| Q1 2013 | 2013-03-31 | −$134.5M | −$302.8M | — |
| Q4 2012 | 2012-12-31 | $122.0M | $2.3M | +1.92% |
| Q3 2012 | 2012-09-30 | $6.8M | −$133.1M | −95.14% |
| Q2 2012 | 2012-06-30 | $300.5M | $85.2M | +39.57% |
| Q1 2012 | 2012-03-31 | $168.3M | $71.5M | +73.86% |
| Q4 2011 | 2011-12-31 | $119.7M | $194.3M | — |
| Q3 2011 | 2011-09-30 | $139.9M | $31.8M | +29.42% |
| Q2 2011 | 2011-06-30 | $215.3M | $119.8M | +125.45% |
| Q1 2011 | 2011-03-31 | $96.8M | — | — |
| Q4 2010 | 2010-12-31 | −$74.6M | $182.7M | — |
| Q3 2010 | 2010-09-30 | $108.1M | — | — |
| Q2 2010 | 2010-06-30 | $95.5M | — | — |
| Q4 2009 | 2009-12-31 | −$257.3M | — | — |
ManpowerGroup net debt trends
Over the last five fiscal years, ManpowerGroup's net debt increased from −$18.8M to $1.22B, a change of $1.24B. The latest reported quarter, Q2 2026, shows $763.2M.
About the metric
What net debt means
Net debt compares a company’s interest-bearing debt with its cash and cash equivalents. Positive net debt means debt exceeds cash, while a negative value indicates the company has more cash than debt on this measure.
Calculation and source
How net debt is calculated
TickerStat calculates net debt as total interest-bearing debt minus cash and cash equivalents at the same reporting-period end. Short-term investments are not subtracted because they are not included in the standardized cash series. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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