#financial results #Switzerland #Zurich #Adecco Group #Q4 2025

Adecco Group's Financial Performance for Q4 and Full Year 2025

The Adecco Group has released its financial results for the fourth quarter and the entire year of 2025, demonstrating strong momentum in both market share and operational efficiency.

Q4 Highlights

Market Share Gains: The group achieved an increase of +395 basis points overall, with Adecco specifically gaining +240 basis points in market share. This reflects the company's successful strategies in capturing additional market opportunities.
Revenue Growth: The group’s revenues for Q4 improved sequentially by 3.9% from the previous year, marking the strongest quarter of 2025. Adecco’s revenues saw a notable increase of 4.9%, driven significantly by growth in North and South America (+21%) and steady progress in the APAC region (+7%). Meanwhile, Akkodis experienced a slight decline of 1%, while LHH maintained a modest growth of 2% year-over-year.
Gross Margin and EBITA: The gross margin remained solid at 19.1%, stabilized organically against last year figures, supported by the mix of solutions and customers, alongside stable pricing strategies. Without special effects, the EBITA margin was reported at 3.8%, reflecting an increase of 60 basis points compared to the prior year, indicating strong operational leverage and productivity improvements of 11%.
Core Earnings and Cash Flow: The operating result reached €186 million, representing a 34% increase year-on-year, while the net income did not lag behind, showing a 31% rise to €88 million. The diluted earnings per share hit €0.52, with a normalized figure of €0.76. Moreover, the operational cash flow stood at a remarkable €613 million, with a free cash flow of €483 million, achieving a conversion rate of 102%.

Full Year Performance Highlights

Marked Growth: Throughout 2025, Adecco enjoyed significant market share gains of 245 basis points across its operations, with overall revenue augmenting by 1.3% compared to 2024. The revenue growth specifically for Adecco was recorded at +2.5% year-on-year, while Akkodis saw a 4% decline.
Sustained Gross Margin: The gross margin remained robust at 19.2%, albeit a slight decrease of 20 basis points, influenced by mix effects and consistent pricing. The EBITA margin, again without special effects, settled at 3.0%, in line with the management’s commitments.
* Improved Financial Health: The operating result for the year was €572 million (+8%), with net income of €295 million, representing a 2% growth. Diluted earnings per share reached €1.76 with normalized earnings amounting to €2.37. The company's financial structure saw notable enhancements, with a net debt/EBITDA ratio of 2.4x at year-end, down 0.2x from the previous year.

Strategic Outlook and Comments

Denis Machuel, CEO of Adecco Group, expressed satisfaction with the strong year-end results, highlighting continued positive momentum. The third consecutive quarter of growth and a margin of 3.8% in Q4 reflect effective implementation of strategies throughout 2025.

He noted that Adecco achieved a 4.9% growth in Q4, with steady market share increases across all regions. The company is also seeing significant progress in the turnaround of Akkodis in Germany, while LHH confirmed its leadership in career transition services, driving profitable growth.

Looking ahead, Adecco Group aims to maintain its position as a leading force in enabling clients to manage and upskill their workforces effectively, keeping people at the core of its operations. The focus will continue on integrating human-oriented AI into their talent and technology offerings. Machuel expressed optimism about building on this solid foundation into 2026 and beyond.

For more detailed investor information, press release, or multimedia, please reach out to the appropriate channels listed in the company’s official communications.