EL7.AI
Stocks•18 July 2026•
1 min read

ManpowerGroup Upgraded to Buy Following Strong Q2 Earnings and Positive Outlook

Key Facts

1ManpowerGroup was upgraded to buy following a 6.1% organic revenue growth in Q2 2026.
2Adjusted EPS jumped 27% with guidance confirming continued strength into Q3.
3The company targets $200 million in annual savings by 2028 through a transformation program.

Amid signals of resilience in the global labor market, ManpowerGroup's stock rating has been upgraded to 'Buy' following robust financial results for the second quarter of 2026. The company reported organic revenue growth of 6.1%, while adjusted earnings per share (EPS) surged by 27%, with management guidance confirming that this momentum is expected to persist into the third quarter. Additionally, a strategic transformation program is underway, targeting $200 million in annual savings by 2028.

This outperformance by ManpowerGroup comes as major staffing firms show mixed results; for instance, peer Robert Half recently reported margin pressure due to a slowdown in permanent placements, according to sector earnings reports. In contrast, per market data, MAN has shown stronger organic momentum compared to its European rival Adecco Group, which has struggled with growth in key markets, further validating ManpowerGroup's operational efficiency model.

Looking ahead, investors are closely monitoring the U.S. Inflation Rate (CPI) data scheduled for release on July 14, 2026, as it could influence hiring trends in the U.S. market—a primary driver for the company.