Switzerland's Adecco Q4 revenue rises 3.9% on market share gains

Adecco AG

25/02/2026 05:52

Overview

Switzerland staffing firm's Q4 revenue grew 3.9% yoy, driven by Americas and APAC

Adjusted EPS for Q4 was €0.76, reflecting strong operating leverage

Operating income for Q4 rose 34% yoy to €186 mln

Outlook

Adecco targets net debt/EBITDA ratio ≤ 1.5x by end-27

Company plans to scale human-centric AI across talent and technology offerings

Result Drivers

MARKET SHARE GAINS - Adecco reported a 245 basis points increase in market share, with significant growth in the Americas and APAC regions

OPERATING LEVERAGE - The company's EBITA margin improved by 60 bps year-over-year, reflecting strong operating leverage and productivity gains

REGIONAL PERFORMANCE - Americas led revenue growth with a 21% increase, followed by APAC at 7%, while Akkodis saw a 1% decline

Company press release: ID:nPrenKK0Qa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Adjusted EPS
EUR 0.76
Q4 Adjusted EBITA Margin
11.00%
Q4 Basic EPS
EUR 0.52
Q4 Operating Income
EUR 186 mln


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 9 "strong buy" or "buy", 3 "hold" and 6 "sell" or "strong sell"

The average consensus recommendation for the employment services peer group is "buy."

Wall Street's median 12-month price target for Adecco Group AG is CHF29.70, about 43.9% above its February 24 closing price of CHF20.64

The stock recently traded at 8 times the next 12-month earnings vs. a P/E of 9 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)