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Adecco Group's Impressive Second Quarter Results for 2026

The Adecco Group, a leader in workforce solutions, announced its robust second quarter results for 2026, showcasing an impressive organic revenue growth of 5.6% year-over-year. This notable increase underscores the company's commitment to operational efficiency and effective market strategies.

During this quarter, Adecco experienced a significant rise in market share, improving by 160 basis points, with the company itself gaining 60 basis points against its main competitors. Such developments indicate Adecco's strong foothold in the labor market across different regions.

Regional Performance Highlights

Looking at regional performance, the Global Business Unit (GBU) for Adecco reported a remarkable year-over-year growth of 6.6%. The Americas led with a staggering increase of 12%, followed closely by the Asia-Pacific region at 10% and EMEA, excluding France, at 8%. This broad-based growth demonstrates the company's effective strategies tailored to regional market demands. On the other hand, Akkodis, part of the Adecco family, returned to positive growth with a modest 1% increase year-on-year. While LHH remained stable, Professional Recruitment Solutions has seen a return to growth, also at 1%.

The gross margin for the quarter stood at 18.6%, reflecting a 20 basis point increase from the previous year. The EBITA, excluding exceptional items, reached €165 million, which marks a notable 21% rise. This growth was further supported by a solid EBITA margin of 2.8%, up 30 basis points, underlying robust operational leverage with a productivity increase of 6% and an organic conversion rate at an impressive 64%.

Impressive Earnings and Debt Management

Adecco's earnings per share (EPS) also saw substantial gains, with a base EPS of €0.28 and an adjusted EPS of €0.61, representing a remarkable growth of 31%. Furthermore, the cash conversion rate over the trailing 12 months maintained a healthy performance at 83%, reinforcing the company’s ability to generate cash consistently. One of the key highlights of the quarter is the company's continued commitment to debt reduction. The net debt to EBITDA ratio improved by 0.5x from the previous year, illustrating a disciplined approach to financial management.

Denis Machuel, CEO of Adecco Group, commented on the remarkable performance, stating, "Our strategy, focus on execution, and commitment to our clients and candidates continue to yield excellent results. We have maintained strong momentum throughout the first half of the year, achieving our fifth consecutive quarter of growth at 5.6% year-over-year, along with an additional gain of 160 basis points in market share."

He further highlighted, "We have balanced our gross margin with meticulous cost management, contributing to the increase in EBITA. We also continued our debt reduction policy, with the net debt to EBITDA ratio decreasing by 0.5 times compared to last year."

Adecco's focus on technology-driven productivity has yielded remarkable results, with half of its annual revenue now supported by its agents. The company aims to increase this support to 70% by year-end.

In conclusion, the Adecco Group’s Q2 2026 performance reflects a combination of strategic execution, operational efficiency, and a strong emphasis on client satisfaction. With continued growth across regions and sectors, the future looks promising for Adecco as it strives to lead in the global workforce solutions industry.