Adecco stock reports 5.6 percent Q2 growth and higher EBITA

Published on 10/04/2026 at 23:24 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Adecco stock was last at CHF 23.80 on October 2, 2026, down 0.92 percent from the prior session. Q2 revenue reached CHF 5.99 billion, while net profit fell to CHF 46.98 million.

Adecco, CH0012138605, Illustration mit AI erstellt.

Adecco stock (ISIN CH0012138605) closed at CHF 23.80 on October 2, 2026, down 0.92 percent from the prior session on SIX. The company enters the final quarter with Q2 organic revenue growth of 5.6 percent and adjusted EBITA of EUR 165 million, up 21 percent year over year, according to Yahoo Finance on August 6, 2026. The figures point to improving operating leverage, although margin pressure remains part of the investment case.

Q2 growth lifts operating leverage

The second quarter brought CHF 5.99 billion in revenue, compared with CHF 5.78 billion a year earlier, while net profit declined to CHF 46.98 million from CHF 58 million. Markets Insider reported the figures for the quarter ended June 30, 2026, showing revenue growth of 3.6 percent alongside a 19.0 percent drop in net profit.

The operating details were more constructive. The group said its adjusted EBITDA margin expanded by 30 basis points year over year to 2.8 percent, while adjusted EPS increased 31 percent; gross margin reached 18.6 percent but remained 20 basis points below the prior-year level, according to Yahoo Finance.

Analyst targets remain divided

The analyst picture is balanced rather than aggressive. MarketScreener lists a Hold consensus from 17 analysts, an average target of EUR 26.10, a high target of EUR 36.62 and a low target of EUR 19.20. The target range shows a wide spread of expectations around the staffing recovery and margin outlook.

Recent research also highlights the counter-factor. Boerse Express reported that Moody's changed Adecco's outlook to negative, citing weaker margins. That concern contrasts with the 21 percent adjusted EBITA increase and makes the quality of future margin expansion more important than revenue growth alone.

Stock stays below yearly high

Adecco stock traded between CHF 23.50 and CHF 24.24 on October 2, 2026, with volume of 597,207 shares. Its 52-week range was CHF 14.54 to CHF 26.22, placing the latest price 9.2 percent below the high, while market capitalization stood at CHF 4.1 billion.

The next reporting date is November 12, 2026, according to Investing.com. For investors, the key test is whether the sequential margin improvement described in Q2 can continue while net profit catches up with revenue growth.