ManpowerGroup (NYSE: MAN) Q3 2026 Earnings: Price Target Adjustment and Growth Highlights

• Goldman Sachs analyst George Tong adjusted the price target for ManpowerGroup (NYSE: MAN) to $50, indicating a potential 14.3% upside from its trading price at the time of the update.
• The global staffing and workforce solutions provider reported strong third-quarter 2026 revenue of $4.8 billion, a 4% increase year-over-year, with organic constant-currency growth reaching 6%.
• ManpowerGroup saw net earnings climb to $34.1 million, or $0.71 per diluted share, and adjusted earnings per share hit $1.01, up 24% in constant currency.

ManpowerGroup (NYSE: MAN), a leading provider of global staffing and workforce services, operates through its key businesses including Manpower, Experis, and Talent Solutions. Goldman Sachs analyst George Tong recently lowered his price target for ManpowerGroup to $50 from $57. At $43.74 when the update was published, the shares would need to rise about 14.3% to reach this new target, offering potential upside for investors.

ManpowerGroup reported robust third-quarter 2026 revenue of $4.8 billion, marking a significant 4% increase from the prior year, as detailed in the company’s latest earnings release. This strong financial performance was further highlighted by a 6% rise in revenue on an organic constant-currency basis, a key metric that excludes the impact of acquisitions and currency fluctuations. The company specifically noted strong performance within its Manpower segment, especially in the United States, contributing to overall revenue growth.

Net earnings for the quarter climbed to $34.1 million, or $0.71 per diluted share, a substantial increase from $18.0 million, or $0.38 per diluted share, reported in the same period last year. Furthermore, adjusted earnings per share (EPS) reached $1.01, after excluding restructuring and other specified items that reduced reported earnings by $0.30 per share. This adjusted figure represents an impressive 24% increase in constant currency, showcasing the company's operational efficiency.

Looking at regional performance, ManpowerGroup highlighted that its U.S. Experis segment returned to growth, while Northern Europe demonstrated stronger revenue and improved operating unit profit. The company also noted an improved trend in selling, general, and administrative (SG&A) expenses, attributed to successful cost-cutting initiatives. In a significant leadership transition, President and Chief Strategy Officer Becky Frankiewicz is set to assume the role of CEO on January 1, 2027, with current CEO Jonas Prising transitioning to executive chair, signaling strategic continuity and future direction for the workforce solutions leader.