ManpowerGroup Shares Plunge Up to 19% After Revenue Miss and Weak Q4 Outlook

ManpowerGroup shares fell as much as 19% on October 15, 2026, after the staffing giant reported third-quarter revenue that slightly missed analyst expectations and issued a fourth-quarter outlook that disappointed investors. The Milwaukee-based company posted Q3 revenue of $4.8 billion, a 4% increase from the prior year period but below consensus estimates. On a constant currency basis, revenue grew just 1% year over year.

Net earnings for the quarter came in at $34.1 million, or $0.71 per diluted share, up from $18.0 million, or $0.38 per diluted share, a year earlier. Special charges including restructuring costs, strategic transformation program costs, a business sale adjustment, and Argentina hyperinflationary currency translation losses reduced reported EPS by $0.30 in the quarter. Stripping out those items, adjusted EPS was $1.01, representing a 24% increase in constant currency.

Despite management describing 2026 as an inflection point and citing demand improvements across its Manpower, Experis, and Talent Solutions business lines, the company's weak fourth-quarter guidance was the primary driver of the sell-off. The stock was trading down roughly 15% in premarket and extended those losses after the open, with various reports placing the intraday decline between 17.7% and 19%.