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ManpowerGroup Inc

For the period ended Dec 31, 2024. Filed Feb 19, 2025.

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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2024 · Filed Feb 19, 2025

MAN$44.50-3.8%Stored close · as of Nov 6, 2026
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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-K

For the fiscal year ended December 31,2024

OR

☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

Commission File No.1-10686

MANPOWERGROUP INC.

(Exact name of registrant as specified in its charter)

wisconsin39-1672779
(State or other jurisdiction ofincorporation or organization)(I.R.S. EmployerIdentification No.)
100 manpower place, milwaukee, wisconsin53212
(Address of principal executive offices)(Zip Code)

Registrant’s telephone number, including area code: (414)961-1000

Securities registered pursuant to Section 12(b) of the Act:

Title of each classTrading Symbol(s)Name of Exchange on which registered
Common Stock, $.01 par valueMANNew York Stock Exchange

Securities registered pursuant to Section 12(g) of the Act: None

Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes ☒ No ☐

Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act. Yes ☐No ☒

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ☒ No ☐

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (Section 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes ☒ No ☐

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.

Large accelerated filer☒Accelerated filer☐Non-accelerated filer☐
Smaller reporting company☐Emerging growth company☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Indicate by check mark whether the registrant has filed a report on and attestation to its management’s assessment of the effectiveness of its internal control over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered public accounting firm that prepared or issued its audit report.☒

If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of the registrant included in the filing reflect the correction of an error to previously issued financial statements☐

Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-based compensation received by any of the registrant's executive officers during the relevant recovery period pursuant to§240.10D-1(b).☐

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes ☐ No☒

The aggregate market value of the voting stock held by nonaffiliates of the registrant was $3,329,979,382 as of June 30,2024. As of February 17, 2025, there were 46,692,203 of the registrant’s shares of common stock outstanding.

DOCUMENTS INCORPORATED BY REFERENCE

Part III is incorporated by reference from the Proxy Statement for the Annual Meeting of Shareholders to be held on May 2, 2025.

Auditor Firm Id:34Auditor Name:Deloitte & Touche LLPAuditor Location:Milwaukee, WI

ManpowerGroup Inc.

Form 10-K

For the Fiscal Year Ended December 31, 2024

TABLE OF CONTENTS

PageNumber
PART I
Item 1Business3
Item 1ARisk Factors11
Item 1BUnresolved Staff Comments25
Item 1CCybersecurity26
Item 2Properties26
Item 3Legal Proceedings26
Item 4Mine Safety Disclosures26
Information About Our Executive Officers27
Other Information28
PART II
Item 5Market for Registrant's Common Equity, Related Shareholder Matters and Issuer Purchases of Equity Securities29
Item 6[Reserved]30
Item 7Management's Discussion and Analysis of Financial Condition and Results of Operations31
Item 7AQuantitative and Qualitative Disclosures About Market Risk42
Item 8Financial Statements and Supplementary Data45
Item 9Changes in and Disagreements with Accountants on Accounting and Financial Disclosure88
Item 9AControls and Procedures88
Item 9BOther Information88
Item 9CDisclosures Regarding Foreign Jurisdictions that Prevent Inspections88
PART III
Item 10Directors, Executive Officers and Corporate Governance89
Item 11Executive Compensation89
Item 12Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters90
Item 13Certain Relationships and Related Transactions, and Director Independence90
Item 14Principal Accounting Fees and Services90
PART IV
Item 15Exhibits and Financial Statement Schedules91
SIGNATURES95

Part I

ContentsView on SEC.gov

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