Adecco Group Reports Strong Q3 2026 Results

ZÜRICH, Nov. 12, 2026 /CourierPR/ -- The Adecco Group, a leading global human resources solutions provider, reported robust financial results for the third quarter of 2026, highlighting continued growth and strong operating leverage. The company's organic revenue grew by 3.7% year-over-year (TDA), with particular strength in the Americas, where Adecco saw a 9% increase, and in EMEA (excluding France), which registered a 6% growth. The professional recruitment solutions segment saw a 6% increase, while Akkodis and LHH remained stable, with LHH showing a 1% growth.

The gross margin stood at 18.9%, a decrease of 30 basis points year-over-year but an increase of 30 basis points quarter-over-quarter, driven by a favorable mix and firm pricing. The EBITA (earnings before interest, taxes, depreciation, and amortization) amounted to €213 million, excluding one-off items, marking a 10% year-over-year growth. The EBITA margin, excluding one-offs, was 3.6%, an improvement of 20 basis points year-over-year, reflecting strong operating leverage and a 64% organic drop-down ratio. Operating income reached €180 million, a 14% year-over-year increase.

Basic earnings per share (EPS) rose by 23% year-over-year to €0.65, while adjusted EPS, which excludes one-offs, increased by 17% to €0.79. Operating cash flow was €213 million, a 6% year-over-year increase, with a long-term cash conversion rate of 84%. The company is on track to further deleverage, with net debt-to-EBITDA ratio at 2.5x, down 0.6x year-over-year and 0.2x quarter-over-quarter. Adecco aims to achieve a net debt-to-EBITDA ratio of ≤1.5x by the end of 2027.

The company's focus on rigorous execution, client proximity, and ongoing investments in technology, particularly the deployment of leading-edge agentic AI at scale, continues to drive its performance.