万宝盛华 2025年度报告

☒ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934:For the fiscal year ended December 31, 2025OR☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934Commission File No. 1-10686MANPOWERGROUP 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) 961-1000Securities registered pursuant to Section 12(b) of the Act:Title of each classTrading Symbol(s)Name of Exchange on whichregisteredCommon Stock, $.01 par valueMANNew York Stock ExchangeSecurities registered pursuant to Section 12(g) of the Act: NoneIndicate 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 requiredto 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 shorterperiod 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 periodfor 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 theeffectiveness 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 theregistrant 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 $1,870,022,393 as of June 30,2025. As of February 19, 2026, there were 46,419,646 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 8,2026. Auditor FirmId:34Auditor Name:Deloitte & Touche LLPAuditor Location:Milwaukee, WI Table of Contents ManpowerGroup Inc.Form 10-KFor the Fiscal Year Ended December 31, 2025 TABLE OF CONTENTS PageNumber Item 15Exhibits and Financial Statement Schedules97Item 16Form 10-K Summary100 PART I The terms “we,” “our,” “us,” "ManpowerGroup," or “the Company” refer to ManpowerGroup Inc. and its consolidatedsubsidiaries. Item 1. Business Introduction and History ManpowerGroup Inc. is a global leader in innovative workforce solutions. Through our network of approximately 2,100offices in more than 70 countries and territories, we put millions of people to work each year with our global,multinational and local clients across all major industry segments. Our strong and distinct brands provide specializedsolutions that drive organizations forward, accelerate individual success and help build more sustainable communities.We power the future of work. By offering a comprehensive range of workforce solutions and services, we help companies improve strategy, quality,andefficiency,increase productivity and reduce costs across their workforce to