Adecco Group
Logotype for Adecco Group AG

Adecco Group (ADEN) investor relations material

Adecco Group Q4 2025 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Logotype for Adecco Group AG
Q4 2025 earnings summary25 Feb, 2026

Executive summary

  • Achieved 1.3% year-on-year revenue growth for FY25, with Q4 revenues up 3.9% and market share gains of 245 bps for the year and 395 bps in Q4, outpacing key competitors for the third consecutive year.

  • Delivered industry-leading 19.2% gross margin, stable gross profit, and strong cost discipline, including EUR 23 million G&A savings and a 3% productivity increase.

  • Improved leverage with net debt/EBITDA at 2.4x, down 0.2x year-over-year, and maintained robust cash generation and a 102% cash conversion ratio.

  • Outperformed competitors in relative growth, with three consecutive quarters of revenue growth and stable margins.

  • Proposed dividend of CHF 1.00 per share (46% payout ratio), with an option for cash or scrip dividend.

Financial highlights

  • FY25 revenues reached EUR 23 billion, with Q4 revenues at EUR 6 billion; FY25 gross profit was EUR 4,422 million (19.2% margin), and Q4 gross profit was EUR 1,141 million (19.1% margin).

  • FY25 EBITDA/EBITA was EUR 693 million (3.0% margin); Q4 EBITDA/EBITA was EUR 225 million (3.8% margin), up 20% year-on-year.

  • Adjusted EPS for FY25 was EUR 2.37; Q4 adjusted EPS was EUR 0.76.

  • Operating cash flow for FY25 was EUR 613 million; free cash flow was EUR 483 million; cash conversion ratio was 102%.

  • Net debt reduced by EUR 186 million to EUR 2.29 billion; leverage ratio improved to 2.4x net debt/EBITDA.

Outlook and guidance

  • Q1 2026 expected to see broadly stable gross margin and SG&A expenses sequentially, with continued positive volume momentum.

  • Committed to reducing net debt/EBITDA to 1.5x or below by end of 2027, barring major disruptions.

  • Focus remains on market share gains, disciplined cost and capacity management, and profitable growth.

  • Operating costs guided to remain stable, supported by productivity gains and cost discipline.

Akkodis Germany P&L benefit timeline
Quantify cash retained from share dividend
AI recruiter agent scaling impact on productivity
Path to 1.5x leverage by 2027: linear or not?
Quantify AI's net bottom line impact
SME segment strategy and tech rollout
Partial view of Summaries dataset, powered by Quartr API
AI can get things wrong. Verify important information.
Research faster. Power your platform.

Next Adecco Group earnings date

Logotype for Adecco Group AG
Q1 202613 May, 2026
Adecco Group
Your earnings 
season toolkit.
Download
Free on both iOS & Android.

Next Adecco Group earnings date

Logotype for Adecco Group AG
Q1 202613 May, 2026

The essential earnings season companion

The #1 app for qualitative research. Live earnings calls, AI chat, transcripts, and more. All for free.

Live calls and transcripts

Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.

Find what you need faster

Search for any keyword across all transcripts simultaneously.

Easily store key findings

Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.

Your watchlist. Your dashboard.

Follow the companies that matter to you. Get a personalized feed with real-time updates.

Be the first to know

Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.

Consensus estimates

Access analyst consensus estimates, valuation multiples, and revenue segments splits.

All IR material in one place

The easiest way to stay updated during earnings season.

Global coverage

All events from public companies. Live and recorded.

Just click and listen

No webcast links. No manual registrations.

Research anytime, anywhere

Built for professionals. Loved by everyone. Try our free mobile app.

excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
App-store-avatar.png play-store-avatar.png
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
play-store-avatar
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
App-store-avatar.png play-store-avatar.png
anuj283App Store
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
App-store-avatar.png play-store-avatar.png
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
play-store-avatar
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
App-store-avatar.png play-store-avatar.png
anuj283App Store
I can't remember the last time an app had such a positive impact on my investment process.
x-avatar
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
App-store-avatar.png play-store-avatar.png
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
x-avatar
@theshortbearx.com
I can't remember the last time an app had such a positive impact on my investment process.
x-avatar
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
App-store-avatar.png play-store-avatar.png
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
x-avatar
@theshortbearx.com

Frequently asked questions

Adecco Group AG provides human resource services, and is one of the largest HR company in Switzerland. It operates through four segments: Europe, America, Asia-Pacific, and it also provides services to other businesses in its Corporate Center unit. The Europe segment offers HR outsourcing services in various European countries. The America segment addresses a wide range of HR solutions for businesses, employees and job seekers across the Americas. The Asia-Pacific segment offers a similar range of HR solutions for businesses in this area. The Corporate Center unit provides various human resource functions to its parent and third parties.

Quartr provides global coverage of all investor relation material from public companies.

  • Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.

  • Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.

  • Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.

Yes, the Quartr mobile app is free on both iOS and Android.

Yes. Quartr provides global, industry-leading live coverage of company events such as regular earnings calls, capital markets days, M&A announcements, and investor conferences. Live with zero delays. Just click and listen.

Yes, capturing important takeaways is as simple as it gets. Even during your lunch run or commute.

Yes. Follow the companies that matter to you. Get a personalized feed with real-time updates, a tailored earnings calendar, and instant alerts when earnings calls go live.

Yes. Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned, regardless of who's talking.

Explore our global coverage