Adecco reported fourth-quarter results that exceeded analyst expectations, with adjusted EPS of €0.76 beating consensus estimates by 7%. Revenue grew 3.9% organically to €5,958 million, slightly above projections and marking continued momentum. The staffing giant's EBITA rose 20% year-over-year to €225 million, with margins expanding 60 basis points to 3.8%.

CEO Denis Machuel highlighted strong execution in 2025, citing 245 basis points of market share gains and improved operating leverage. Business unit performance varied, with Adecco revenues up 4.9% organically, led by 21% growth in the Americas. However, gross margin of 19.1% fell short of guidance for sequential stability, raising concerns about profitability trends.

The company guided for first-quarter organic growth around 3.5%, though foreign exchange headwinds of approximately 4% will pressure reported results. Adecco expects gross margin to remain sequentially stable, below analyst expectations of 19.4%. The board proposed a dividend of CHF 1.00 per share, representing a 46% payout ratio on adjusted earnings.