Adecco Group AG

ADEN: XSWX (CHE)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Adecco Earnings: Weak Gross Margin Performance and Guidance Disappoint Investors

Ben Slupecki

May 13, 2026

Adecco saw organic revenues expand by 5.3% year over year, gaining 365 basis points of market share. However, gross profit margin fell 60 basis points versus the first quarter of 2025, and management expects gross margins to be marginally lower sequentially. Shares are down 11% intraday May 13.

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Adecco Group AG

Adecco Earnings: Weak Gross Margin Performance and Guidance Disappoint Investors

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