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Korn Ferry

Korn Ferry Announces Third Quarter Fiscal 2026 Results of Operations

Highlights

  • Korn Ferry reports Q3 FY'26 fee revenue of $717.4 million, an increase of 7% year-over-year with growth in all solutions.
  • Net income attributable to Korn Ferry increased 12% year-over-year, with a margin of 9.1%.
  • Adjusted EBITDA increased 8% year-over-year, with a margin of 17.2%.
  • Diluted and adjusted diluted earnings per share were up 12% and 8% year-over-year, respectively.
  • Estimated remaining fees under existing contracts at the end of the third quarter was $1.9 billion, up 11% year-over-year, led by Digital +16%, Consulting +12% and RPO +10%.

LOS ANGELES--(BUSINESS WIRE)--Mar. 9, 2026-- Korn Ferry (NYSE: KFY), a global consulting firm, today announced third quarter fee revenue of $717.4 million. In addition, third quarter diluted earnings per share was $1.23 and adjusted diluted earnings per share was $1.28.

“Our strong quarterly performance continues to reflect the evolution of our firm,” said Gary D. Burnison, CEO, Korn Ferry. “Today the world is enveloped by unprecedented levels of change – shifts in population, demographics and technological advancement that are converging to exert great impact on the way people live, work and consume. This environment provides tremendous opportunity for Korn Ferry."

“I am pleased with the synchronization of our expertise, globality and solutions to solve our clients’ toughest performance challenges. Most of all, I am energized by our talented colleagues around the world who are committed to enabling people and organizations to Be More Than,” added Burnison. “Success begins and ends with talent. As such, we are proud to be a Founding Partner of the LA28 Olympic and Paralympic Games, powering the people who power the Olympic Games.”

Selected Financial Results

(dollars in millions, except per share amounts) (a)
 

 

Third Quarter

 

Year to Date

 

FY’26

 

FY’25

 

FY’26

 

FY’25

Fee revenue

$

717.4

 

 

$

668.7

 

 

$

2,147.7

 

 

$

2,018.0

 

Total revenue

$

725.0

 

 

$

676.5

 

 

$

2,170.4

 

 

$

2,041.3

 

Estimated remaining fees under existing contracts (b)

$

1,850.8

 

 

$

1,669.4

 

 

$

1,850.8

 

 

$

1,669.4

 

Net income attributable to Korn Ferry

$

65.3

 

 

$

58.4

 

 

$

204.3

 

 

$

181.8

 

Net income attributable to Korn Ferry margin

 

9.1

%

 

 

8.7

%

 

 

9.5

%

 

 

9.0

%

Basic earnings per share

$

1.25

 

 

$

1.12

 

 

$

3.91

 

 

$

3.46

 

Diluted earnings per share

$

1.23

 

 

$

1.10

 

 

$

3.84

 

 

$

3.40

 

 

 

 

 

 

 

 

 

Adjusted Results (c):

 

Third Quarter

 

Year to Date

 

 

FY’26

 

FY’25

 

FY’26

 

FY’25

Adjusted EBITDA

$

123.1

 

 

$

114.5

 

 

$

368.3

 

 

$

342.7

 

Adjusted EBITDA margin

 

17.2

%

 

 

17.1

%

 

 

17.1

%

 

 

17.0

%

Adjusted net income attributable to Korn Ferry (d)

$

67.7

 

 

$

63.3

 

 

$

207.4

 

 

$

191.1

 

Adjusted basic earnings per share (d)

$

1.30

 

 

$

1.21

 

 

$

3.97

 

 

$

3.64

 

Adjusted diluted earnings per share (d)

$

1.28

 

 

$

1.19

 

 

$

3.89

 

 

$

3.57

 

____________________

(a)

Numbers may not total due to rounding.

(b)

Estimated fee revenue associated with signed contracts for which revenue has not yet been recognized.

(c)

Adjusted EBITDA refers to earnings before interest, taxes, depreciation and amortization, further adjusted to exclude integration/acquisition costs, impairment of fixed assets, impairment of right-of-use assets, gain on modification of an office lease, restructuring charges, net and management separation charges when applicable. Adjusted results on a consolidated basis are non-GAAP financial measures that adjust for the following, as applicable (see attached reconciliations):

 

Third Quarter

 

Year to Date

 

FY’26

 

FY’25

 

FY’26

 

FY’25

Integration/acquisition costs

$

1.6

 

 

$

2.1

 

 

$

4.4

 

 

$

7.1

 

Restructuring charges, net

$

—

 

 

$

1.3

 

 

$

—

 

 

$

1.9

 

Impairment of fixed assets

$

—

 

 

$

0.5

 

 

$

—

 

 

$

0.5

 

Impairment of right-of-use assets

$

—

 

 

$

2.5

 

 

$

—

 

 

$

2.5

 

Gain on modification of office lease

$

—

 

 

$

—

 

 

$

(13.9

)

 

$

—

 

____________________

(d)

Adjusted net income attributable to Korn Ferry, Adjusted basic earnings per share and Adjusted diluted earnings per share are non-GAAP financial measures that adjust for the following, as applicable (see attached reconciliations):

 

Third Quarter

 

Year to Date

 

FY’26

 

FY’25

 

FY’26

 

FY’25

Accelerated depreciation on Digital platform

$

1.7

 

 

$

—

 

 

$

13.8

 

 

$

—

 

Integration/acquisition costs

$

1.6

 

 

$

2.1

 

 

$

4.4

 

 

$

7.1

 

Restructuring charges, net

$

—

 

 

$

1.3

 

 

$

—

 

 

$

1.9

 

Impairment of fixed assets

$

—

 

 

$

0.5

 

 

$

—

 

 

$

0.5

 

Impairment of right-of-use assets

$

—

 

 

$

2.5

 

 

$

—

 

 

$

2.5

 

Gain on modification of office lease

$

—

 

 

$

—

 

 

$

(13.9

)

 

$

—

 

Tax effect on the adjusted items

$

(0.9

)

 

$

(1.6

)

 

$

(1.2

)

 

$

(2.7

)

The Company reported fee revenue in Q3 FY'26 of $717.4 million, an increase of 7% year-over-year (up 4% at constant currency). Fee revenue grew in all solutions year-over-year, led by Executive Search at 13%, followed by Professional Search & Interim and Consulting, both at 5%.

Net income attributable to Korn Ferry was $65.3 million with a margin of 9.1% in Q3 FY'26, compared to Q3 FY'25 net income attributable to Korn Ferry of $58.4 million with a margin of 8.7%, an increase of 40bps. Net income attributable to Korn Ferry increased from the year-ago quarter primarily due to an increase in fee revenue and the impact of adjusted items in item (d) above, partially offset by an increase in compensation and benefits expenses.

Adjusted EBITDA was $123.1 million in Q3 FY'26 compared to $114.5 million in Q3 FY'25. Adjusted EBITDA margin was 17.2% in Q3 FY'26, essentially flat compared to the year-ago quarter. The increase in Adjusted EBITDA was due to an increase in fee revenue, partially offset by an increase in compensation and benefits expenses.

Results by Solution

Selected Consulting Data

(dollars in millions) (a)
 

 

Third Quarter

 

Year to Date

 

FY’26

 

FY’25

 

FY’26

 

FY’25

Fee revenue

$

166.9

 

 

$

158.7

 

 

$

509.7

 

 

$

493.3

 

Total revenue

$

170.2

 

 

$

161.4

 

 

$

518.8

 

 

$

501.5

 

 

 

 

 

 

 

 

 

Estimated remaining fees under existing contracts (b)

$

407.3

 

 

$

364.6

 

 

$

407.3

 

 

$

364.6

 

Ending number of consultants and execution staff (c)

 

1,524

 

 

 

1,632

 

 

 

1,524

 

 

 

1,632

 

Hours worked in thousands (d)

 

317

 

 

 

344

 

 

 

1,060

 

 

 

1,137

 

Average bill rate (e)

$

470

 

 

$

461

 

 

$

464

 

 

$

434

 

 

 

 

 

 

 

 

 

Adjusted Results (f):

Third Quarter

 

Year to Date

 

FY’26

 

FY’25

 

FY’26

 

FY’25

Adjusted EBITDA

$

28.4

 

 

$

28.0

 

 

$

87.5

 

 

$

86.4

 

Adjusted EBITDA margin

 

17.0

%

 

 

17.7

%

 

 

17.2

%

 

 

17.5

%

____________________

(a)

Numbers may not total due to rounding.

(b)

Estimated fee revenue associated with signed contracts for which revenue has not yet been recognized.

(c)

Represents number of employees originating, delivering and executing consulting services.

(d)

The number of hours worked by consultant and execution staff during the period.

(e)

The amount of fee revenue divided by the number of hours worked by consultants and execution staff.

(f)

Adjusted results exclude the following:

 

Third Quarter

 

Year to Date

 

FY’26

 

FY’25

 

FY’26

 

FY’25

Restructuring charges, net

$

—

 

 

$

1.3

 

 

$

—

 

 

$

1.7

 

Gain on modification of office lease

$

—

 

 

$

—

 

 

$

(4.1

)

 

$

—

 

Fee revenue was $166.9 million in Q3 FY'26 compared to $158.7 million in Q3 FY'25, an increase of $8.2 million or 5% (up 2% on a constant currency basis). The year-over-year increase in Consulting fee revenue was primarily driven by a 2% increase in average bill rates.

Adjusted EBITDA was $28.4 million in Q3 FY'26 compared to $28.0 million in the year-ago quarter. Adjusted EBITDA margin was 17.0% in Q3 FY'26 compared to 17.7% in the year-ago quarter.

Selected Digital Data

(dollars in millions) (a)
 

 

Third Quarter

 

Year to Date

 

FY’26

 

FY’25

 

FY’26

 

FY’25

Fee revenue

$

94.0

 

 

$

90.8

 

 

$

274.2

 

 

$

271.9

 

Total revenue

$

94.2

 

 

$

90.8

 

 

$

274.7

 

 

$

272.1

 

 

 

 

 

 

 

 

 

Estimated remaining fees under existing contracts (b)

$

428.0

 

 

$

369.6

 

 

$

428.0

 

 

$

369.6

 

Ending number of consultants

 

225

 

 

 

249

 

 

 

225

 

 

 

249

 

Subscription & License fee revenue

$

37.2

 

 

$

34.5

 

 

$

110.6

 

 

$

103.2

 

 

 

 

 

 

 

 

 

Adjusted Results (c):

Third Quarter

 

Year to Date

 

FY’26

 

FY’25

 

FY’26

 

FY’25

Adjusted EBITDA

$

29.1

 

 

$

28.4

 

 

$

85.4

 

 

$

84.2

 

Adjusted EBITDA margin

 

31.0

%

 

 

31.3

%

 

 

31.2

%

 

 

31.0

%

____________________

(a)

Numbers may not total due to rounding.

(b)

Estimated fee revenue associated with signed contracts for which revenue has not yet been recognized.

(c)

Adjusted results exclude the following:

 

Third Quarter

 

Year to Date

 

FY’26

 

FY’25

 

FY’26

 

FY’25

Impairment of fixed assets

$

—

 

 

$

0.4

 

 

$

—

 

 

$

0.4

 

Gain on modification of office lease

$

—

 

 

$

—

 

 

$

(2.0

)

 

$

—

 

Fee revenue was $94.0 million in Q3 FY'26 compared to $90.8 million in Q3 FY'25, an increase of $3.2 million or 4% (essentially flat on a constant currency basis). The year-over-year increase in Digital fee revenue was primarily driven by an 8% increase in Subscription & License fee revenue.

Adjusted EBITDA was $29.1 million in Q3 FY'26, compared to $28.4 million in the year-ago quarter. Adjusted EBITDA margin was 31.0%, a slight decline from the year-ago quarter.

Selected Executive Search Data (a)

(dollars in millions) (b)
 

 

Third Quarter

 

Year to Date

 

FY’26

 

FY’25

 

FY’26

 

FY’25

Fee revenue

$

231.9

 

 

$

204.6

 

 

$

682.2

 

 

$

619.2

 

Total revenue

$

233.8

 

 

$

206.6

 

 

$

687.9

 

 

$

624.9

 

 

 

 

 

 

 

 

 

Estimated remaining fees under existing contracts (c)

$

68.6

 

 

$

58.5

 

 

$

68.6

 

 

$

58.5

 

Ending number of consultants

 

563

 

 

 

560

 

 

 

563

 

 

 

560

 

Average number of consultants

 

566

 

 

 

558

 

 

 

562

 

 

 

551

 

Engagements billed

 

3,737

 

 

 

3,540

 

 

 

7,648

 

 

 

7,211

 

New engagements (d)

 

1,573

 

 

 

1,464

 

 

 

4,802

 

 

 

4,587

 

 

 

 

 

 

 

 

 

Adjusted Results (e):

Third Quarter

 

Year to Date

 

FY’26

 

FY’25

 

FY’26

 

FY’25

Adjusted EBITDA

$

58.2

 

 

$

51.2

 

 

$

173.4

 

 

$

152.0

 

Adjusted EBITDA margin

 

25.1

%

 

 

25.0

%

 

 

25.4

%

 

 

24.5

%

____________________

(a)

Executive Search is the sum of the individual Executive Search Reporting Segments described in our annual and quarterly reporting on Forms 10-K and 10-Q and is presented on a consolidated basis as it is consistent with the Company’s discussion of its Solutions, and financial metrics used by the Company’s investor base.

(b)

Numbers may not total due to rounding.

(c)

Estimated fee revenue associated with signed contracts for which revenue has not yet been recognized.

(d)

Represents new engagements opened in the respective period.

(e)

Executive Search Adjusted EBITDA and Adjusted EBITDA margin are non-GAAP financial measures that adjust for the following:

 

Third Quarter

 

Year to Date

 

FY’26

 

FY’25

 

FY’26

 

FY’25

Impairment of right-of-use assets

$

—

 

 

$

2.5

 

 

$

—

 

 

$

2.5

 

Impairment of fixed assets

$

—

 

 

$

0.2

 

 

$

—

 

 

$

0.2

 

Gain on modification of office lease

$

—

 

 

$

—

 

 

$

(3.7

)

 

$

—

 

Restructuring charges, net

$

—

 

 

$

—

 

 

$

—

 

 

$

0.2

 

Fee revenue was $231.9 million in Q3 FY'26 compared to $204.6 million in Q3 FY'25, an increase of $27.3 million or 13% (up 11% at constant currency). The year-over-year increase in fee revenue was driven by an increase in both the number of engagements billed and the weighted-average fee billed per engagement. The Company experienced fee revenue growth in all regions.

Adjusted EBITDA was $58.2 million in Q3 FY'26 compared to $51.2 million in the year-ago quarter, an increase of 14% year-over-year. Adjusted EBITDA margin was 25.1%, essentially flat compared to the year-ago quarter. The increase in Adjusted EBITDA was primarily due to an increase in fee revenue, partially offset by an increase in compensation and benefits expenses.

Selected Professional Search & Interim Data

(dollars in millions) (a)
 

 

Third Quarter

 

Year to Date

 

FY’26

 

FY’25

 

FY’26

 

FY’25

Fee revenue

$

137.0

 

 

$

130.0

 

 

$

412.0

 

 

$

372.8

 

Total revenue

$

138.2

 

 

$

130.9

 

 

$

415.8

 

 

$

375.6

 

 

 

 

 

 

 

 

 

Permanent Placement:

 

 

 

 

 

 

 

Fee revenue

$

51.7

 

 

$

47.9

 

 

$

162.6

 

 

$

152.9

 

Estimated remaining fees under existing contracts (b)

$

15.3

 

 

$

12.8

 

 

$

15.3

 

 

$

12.8

 

Engagements billed

 

1,715

 

 

 

1,675

 

 

 

3,847

 

 

 

3,780

 

New engagements (c)

 

901

 

 

 

883

 

 

 

2,868

 

 

 

2,802

 

Ending number of consultants

 

292

 

 

 

296

 

 

 

292

 

 

 

296

 

Interim:

 

 

 

 

 

 

 

Fee revenue

$

85.3

 

 

$

82.1

 

 

$

249.4

 

 

$

219.9

 

Estimated remaining fees under existing contracts (b)

$

106.6

 

 

$

111.5

 

 

$

106.6

 

 

$

111.5

 

Average bill rate (d)

$

149

 

 

$

129

 

 

$

143

 

 

$

134

 

Average weekly billable consultants (e)

 

1,257

 

 

 

1,324

 

 

 

1,238

 

 

 

1,124

 

 

 

 

 

 

 

 

 

Adjusted Results (f):

Third Quarter

 

Year to Date

 

FY’26

 

FY’25

 

FY’26

 

FY’25

Adjusted EBITDA

$

29.1

 

 

$

27.3

 

 

$

87.3

 

 

$

80.2

 

Adjusted EBITDA margin

 

21.2

%

 

 

21.0

%

 

 

21.2

%

 

 

21.5

%

____________________

(a)

Numbers may not total due to rounding.

(b)

Estimated fee revenue associated with signed contracts for which revenue has not yet been recognized.

(c)

Represents new engagements opened in the respective period.

(d)

Fee revenue from interim divided by the number of hours worked by consultants.

(e)

The number of billable consultants based on a weekly average in the respective period.

(f)

Adjusted results exclude the following:

 

Third Quarter

 

Year to Date

 

FY’26

 

FY’25

 

FY’26

 

FY’25

Integration/acquisition costs

$

1.6

 

 

$

2.0

 

 

$

4.4

 

 

$

4.4

 

Gain on modification of office lease

$

—

 

 

$

—

 

 

$

(2.6

)

 

$

—

 

Fee revenue was $137.0 million in Q3 FY'26 compared to $130.0 million in Q3 FY'25, an increase of $7.0 million or 5% (up 3% at constant currency). Fee revenue increased due to higher fee revenues in both Permanent Placement and Interim. The year-over-year increase in permanent placement fee revenue was driven by an increase in both the number of engagements billed and the weighted-average fee billed per engagement. The year-over-year increase in interim fee revenue was primarily due to a 16% increase in average bill rate.

Adjusted EBITDA was $29.1 million in Q3 FY'26 compared to $27.3 million in the year-ago quarter. Adjusted EBITDA margin was 21.2%, essentially flat compared to the year-ago quarter. The increase in Adjusted EBITDA was due to an increase in fee revenue, partially offset by increases in compensation and benefits expenses and cost of services.

Selected Recruitment Process Outsourcing ("RPO") Data

(dollars in millions) (a)
 

 

Third Quarter

 

Year to Date

 

FY’26

 

FY’25

 

FY’26

 

FY’25

Fee revenue

$

87.5

 

 

$

84.7

 

 

$

269.6

 

 

$

260.8

 

Total revenue

$

88.6

 

 

$

86.9

 

 

$

273.1

 

 

$

267.1

 

 

 

 

 

 

 

 

 

Estimated remaining fees under existing contracts (b)

$

825.0

 

 

$

752.4

 

 

$

825.0

 

 

$

752.4

 

RPO new business (c)

$

54.4

 

 

$

209.9

 

 

$

406.7

 

 

$

414.6

 

 

 

 

 

 

 

 

 

Adjusted Results (d):

Third Quarter

 

Year to Date

 

FY’26

 

FY’25

 

FY’26

 

FY’25

Adjusted EBITDA

$

13.6

 

 

$

12.7

 

 

$

42.2

 

 

$

38.1

 

Adjusted EBITDA margin

 

15.6

%

 

 

15.0

%

 

 

15.7

%

 

 

14.6

%

____________________

(a)

Numbers may not total due to rounding.

(b)

Estimated fee revenue associated with signed contracts for which revenue has not yet been recognized.

(c)

Estimated total value of a contract at the point of execution of the contract.

(d)

Adjusted results exclude the following:

 

Third Quarter

 

Year to Date

 

FY’26

 

FY’25

 

FY’26

 

FY’25

Gain on modification of office lease

$

—

 

 

$

—

 

 

$

(1.5

)

 

$

—

 

Fee revenue was $87.5 million in Q3 FY'26 compared to $84.7 million in Q3 FY'25, an increase of $2.8 million or 3% (up 1% at constant currency). RPO fee revenue increased primarily due to new logo clients in North America.

Adjusted EBITDA was $13.6 million in Q3 FY'26 compared to $12.7 million in the year-ago quarter. Adjusted EBITDA margin increased 60bps to 15.6% in Q3 FY'26. The increase in Adjusted EBITDA and Adjusted EBITDA margin both resulted from an increase in fee revenue, partially offset by an increase in compensation and benefits expense.

Outlook

Assuming no material negative impact from the recent Middle East conflict and that other worldwide geopolitical conditions, economic conditions, financial markets and foreign exchange rates remain steady, on a consolidated basis:

  • Q4 FY’26 fee revenue is expected to be in the range of $730 million and $750 million; and
  • Q4 FY’26 diluted earnings per share is expected to range between $1.34 to $1.40.

Earnings Conference Call Webcast

The earnings conference call will be held today at 12:00 PM (EDT) and hosted by CEO Gary Burnison, CFO Robert Rozek, SVP Business Development & Analytics Gregg Kvochak and VP Investor Relations Tiffany Louder. The conference call will be webcast and available online at ir.kornferry.com. We will also post to the investor relations section of our website earnings slides, which will accompany our webcast, and other important information, and encourage you to review the information that we make available on our website.

About Korn Ferry

Korn Ferry is a global consulting firm that powers performance. We unlock the potential in your people and unleash transformation across your business—synchronizing strategy, operations, and talent to accelerate performance, fuel growth, and inspire a legacy of change. That’s why the world’s most forward-thinking companies across every major industry turn to us—for a shared commitment to lasting impact and the bold ambition to Be More Than.

Forward-Looking Statements

Statements in this press release and our conference call that relate to our outlook, projections, goals, strategies, future plans and expectations, including statements relating to expected labor market conditions, expected demand for and relevance of our products and services, expected results of our business diversification strategy, impact of global events on our business, and other statements of future events or conditions are forward-looking statements that involve a number of risks and uncertainties. Words such as “believes”, “expects”, “anticipates”, “goals”, “estimates”, “guidance”, “may”, “should”, “could”, “will” or “likely”, and variations of such words and similar expressions are intended to identify such forward-looking statements. Readers are cautioned not to place undue reliance on such statements. Such statements are based on current expectations; actual results in future periods may differ materially from those currently expected or desired because of a number of risks and uncertainties that are beyond the control of Korn Ferry. The potential risks and uncertainties include those relating to global and local political and or economic developments in or affecting countries where we have operations, such as inflation, trade wars, interest rates, labor market conditions, global slowdowns, or recessions, competition, geopolitical tensions, including the recent Middle East conflict, shifts in global trade patterns, changes in demand for our services as a result of automation, dependence on and costs of attracting and retaining qualified and experienced consultants, impact of inflationary pressures on our profitability, our ability to maintain relationships with customers and suppliers and retaining key employees, maintaining our brand name and professional reputation, potential legal liability and regulatory developments, portability of client relationships, consolidation of or within the industries we serve, changes and developments in government laws and regulations, evolving investor and customer expectations with regard to corporate responsibility matters, currency fluctuations in our international operations, risks related to growth, alignment of our cost structure, including as a result of recent workforce, real estate, and other restructuring initiatives, restrictions imposed by off-limits agreements, reliance on information processing systems, cyber security vulnerabilities or events, changes to data security, data privacy, and data protection laws, dependence on third parties for the execution of critical functions, limited protection of our intellectual property, our ability to enhance, develop and respond to new technology, including artificial intelligence, our ability to successfully recover from a disaster or other business continuity problems, employment liability risk, an impairment in the carrying value of goodwill and other intangible assets, treaties, or regulations on our business and our Company, deferred tax assets that we may not be able to use, our ability to develop new products and services, changes in our accounting estimates and assumptions, the utilization and billing rates of our consultants, seasonality, the use of social media platforms, the ability to effect acquisitions and integrate acquired businesses, resulting organizational changes, our indebtedness, and those relating to the ultimate magnitude and duration of any pandemic or outbreaks. For a detailed description of risks and uncertainties that could cause differences from our expectations, please refer to Korn Ferry’s periodic filings with the Securities and Exchange Commission. Korn Ferry disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

Use of Non-GAAP Financial Measures

This press release contains financial information calculated other than in accordance with U.S. Generally Accepted Accounting Principles (“GAAP”). In particular, it includes:

  • Adjusted net income attributable to Korn Ferry, adjusted to exclude accelerated depreciation on our Digital platform, integration/acquisition costs, restructuring charges, impairment of fixed assets, impairment of right-of-use assets and gain on modification of an office lease, net of income tax effect;
  • Adjusted basic and diluted earnings per share, adjusted to exclude cost associated with accelerated depreciation on our Digital platform, integration/acquisition costs, restructuring charges, impairment of fixed assets, impairment of right-of-use assets and gain on modification of an office lease, net of income tax effect;
  • Constant currency (calculated using a quarterly average) percentages that represent the percentage change that would have resulted had exchange rates in the prior period been the same as those in effect in the current period; and
  • Consolidated and Executive Search Adjusted EBITDA, which is earnings before interest, taxes, depreciation and amortization, further adjusted to exclude integration/acquisition costs, restructuring charges, impairment of fixed assets, impairment of right-of-use assets and gain on modification of an office lease, net when applicable, and Consolidated and Executive Search Adjusted EBITDA margin.

This non-GAAP disclosure has limitations as an analytical tool, should not be viewed as a substitute for financial information determined in accordance with GAAP, and should not be considered in isolation or as a substitute for analysis of the Company’s results as reported under GAAP, nor is it necessarily comparable to non-GAAP performance measures that may be presented by other companies.

Management believes the presentation of non-GAAP financial measures in this press release provides meaningful supplemental information regarding Korn Ferry’s performance by excluding certain items that may not be indicative of Korn Ferry’s ongoing operating results. These non-GAAP financial measures are performance measures and are not indicative of the liquidity of Korn Ferry. These items, which are described in the footnotes in the attached reconciliations, represent 1) costs associated with previous acquisitions, such as legal and professional fees, retention awards and on-going integration expenses, 2) gain on modification of an office lease where the Company received lease incentives to shorten the lease term, 3) restructuring charges, net to align workforce to eliminate excess capacity resulting from challenging macroeconomic business environment, 4) accelerated depreciation associated with the decision to sunset our Digital platform, 5) impairment of fixed assets primarily due to software impairment charge in our Digital segment and 6) impairment of right-of-use assets due to the decision to terminate and sublease some of our offices. The use of non-GAAP financial measures facilitates comparisons to Korn Ferry’s historical performance. Korn Ferry includes non-GAAP financial measures because management believes they are useful to investors in allowing for greater transparency with respect to supplemental information used by management in its evaluation of Korn Ferry’s ongoing operations and financial and operational decision-making. Adjusted net income attributable to Korn Ferry, adjusted basic and diluted earnings per share and Consolidated and Executive Search Adjusted EBITDA, exclude certain charges that management does not consider on-going in nature and allows management and investors to make more meaningful period-to-period comparisons of the Company’s operating results. Management further believes that Consolidated and Executive Search Adjusted EBITDA is useful to investors because it is frequently used by investors and other interested parties to measure operating performance among companies with different capital structures, effective tax rates and tax attributes and capitalized asset values, all of which can vary substantially from company to company. In the case of constant currency percentages, management believes the presentation of such information provides useful supplemental information regarding Korn Ferry's performance as excluding the impact of exchange rate changes on Korn Ferry's financial performance allows investors to make more meaningful period-to-period comparisons of the Company’s operating results, to better identify operating trends that may otherwise be masked or distorted by exchange rate changes and to perform related trend analysis, and provides a higher degree of transparency of information used by management in its evaluation of Korn Ferry's ongoing operations and financial and operational decision-making.

KORN FERRY AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF INCOME

(in thousands, except per share amounts)

 

 

 

 

 

 

 

Three Months Ended
January 31,

 

Nine Months Ended
January 31,

 

 

2026

 

2025

 

2026

 

2025

 

 

(unaudited)

Fee revenue

$

717,385

 

 

$

668,729

 

 

$

2,147,697

 

 

$

2,018,040

 

Reimbursed out-of-pocket engagement expenses

 

7,657

 

 

 

7,809

 

 

 

22,688

 

 

 

23,219

 

Total revenue

 

725,042

 

 

 

676,538

 

 

 

2,170,385

 

 

 

2,041,259

 

 

 

 

 

 

 

 

 

Compensation and benefits

 

456,823

 

 

 

425,319

 

 

 

1,380,268

 

 

 

1,314,521

 

General and administrative expenses

 

65,944

 

 

 

65,325

 

 

 

180,068

 

 

 

189,865

 

Reimbursed expenses

 

7,657

 

 

 

7,809

 

 

 

22,688

 

 

 

23,219

 

Cost of services

 

80,607

 

 

 

78,047

 

 

 

236,888

 

 

 

210,248

 

Depreciation and amortization

 

22,994

 

 

 

20,490

 

 

 

77,253

 

 

 

59,756

 

Restructuring charges, net

 

—

 

 

 

1,316

 

 

 

—

 

 

 

1,892

 

Total operating expenses

 

634,025

 

 

 

598,306

 

 

 

1,897,165

 

 

 

1,799,501

 

 

 

 

 

 

 

 

 

Operating income

 

91,017

 

 

 

78,232

 

 

 

273,220

 

 

 

241,758

 

Other income, net

 

7,468

 

 

 

9,363

 

 

 

27,295

 

 

 

29,259

 

Interest expense, net

 

(5,663

)

 

 

(5,461

)

 

 

(14,942

)

 

 

(15,032

)

Income before provision for income taxes

 

92,822

 

 

 

82,134

 

 

 

285,573

 

 

 

255,985

 

Income tax provision

 

26,683

 

 

 

22,795

 

 

 

78,578

 

 

 

70,047

 

Net income

 

66,139

 

 

 

59,339

 

 

 

206,995

 

 

 

185,938

 

Net income attributable to noncontrolling interest

 

(874

)

 

 

(925

)

 

 

(2,695

)

 

 

(4,120

)

Net income attributable to Korn Ferry

$

65,265

 

 

$

58,414

 

 

$

204,300

 

 

$

181,818

 

 

 

 

 

 

 

 

 

Earnings per common share attributable to Korn Ferry:

 

 

 

 

 

 

 

Basic

$

1.25

 

 

$

1.12

 

 

$

3.91

 

 

$

3.46

 

Diluted

$

1.23

 

 

$

1.10

 

 

$

3.84

 

 

$

3.40

 

 

 

 

 

 

 

 

 

Weighted-average common shares outstanding:

 

 

 

 

 

 

 

Basic

 

51,570

 

 

 

51,606

 

 

 

51,594

 

 

 

51,838

 

Diluted

 

52,417

 

 

 

52,364

 

 

 

52,612

 

 

 

52,789

 

 

KORN FERRY AND SUBSIDIARIES

FINANCIAL SUMMARY BY REPORTING SEGMENT

(dollars in thousands)

(unaudited)

 

 

 

 

 

 

 

Three Months Ended
January 31,

 

Nine Months Ended
January 31,

 

 

2026

 

2025

 

% Change

 

2026

 

2025

 

% Change

Fee revenue:

 

 

 

 

 

 

 

 

 

 

 

Consulting

$

166,931

 

 

$

158,704

 

 

5.2

%

 

$

509,734

 

 

$

493,345

 

 

3.3

%

Digital

 

94,014

 

 

 

90,823

 

 

3.5

%

 

 

274,241

 

 

 

271,896

 

 

0.9

%

Executive Search:

 

 

 

 

 

 

 

 

 

 

 

North America

 

145,540

 

 

 

128,264

 

 

13.5

%

 

 

427,299

 

 

 

392,907

 

 

8.8

%

EMEA

 

55,318

 

 

 

47,840

 

 

15.6

%

 

 

160,999

 

 

 

140,609

 

 

14.5

%

Asia Pacific

 

24,073

 

 

 

21,664

 

 

11.1

%

 

 

72,905

 

 

 

63,707

 

 

14.4

%

Latin America

 

7,018

 

 

 

6,803

 

 

3.2

%

 

 

20,950

 

 

 

21,982

 

 

(4.7

%)

Total Executive Search (a)

 

231,949

 

 

 

204,571

 

 

13.4

%

 

 

682,153

 

 

 

619,205

 

 

10.2

%

Professional Search & Interim

 

137,017

 

 

 

129,957

 

 

5.4

%

 

 

412,017

 

 

 

372,805

 

 

10.5

%

RPO

 

87,474

 

 

 

84,674

 

 

3.3

%

 

 

269,552

 

 

 

260,789

 

 

3.4

%

Total fee revenue

 

717,385

 

 

 

668,729

 

 

7.3

%

 

 

2,147,697

 

 

 

2,018,040

 

 

6.4

%

Reimbursed out-of-pocket engagement expenses

 

7,657

 

 

 

7,809

 

 

(1.9

%)

 

 

22,688

 

 

 

23,219

 

 

(2.3

%)

Total revenue

$

725,042

 

 

$

676,538

 

 

7.2

%

 

$

2,170,385

 

 

$

2,041,259

 

 

6.3

%

(a)

Total Executive Search is the sum of the individual Executive Search Reporting Segments and is presented on a consolidated basis as it is consistent with the Company’s discussion of its Solutions, and financial metrics used by the Company’s investor base.

 

KORN FERRY AND SUBSIDIARIES

CONDENSED CONSOLIDATED BALANCE SHEETS

(in thousands, except per share amounts)

 

 

 

 

 

 

 

January 31,
2026

 

April 30,

2025 (1)

 

 

(unaudited)

 

 

ASSETS

 

 

 

Cash and cash equivalents

$

938,365

 

 

$

1,006,964

 

Marketable securities

 

38,367

 

 

 

36,388

 

Receivables due from clients, net of allowance for doubtful accounts of $45,990 and $40,461 at January 31, 2026 and April 30, 2025, respectively

 

626,813

 

 

 

565,255

 

Income taxes and other receivables

 

65,823

 

 

 

38,394

 

Unearned compensation

 

65,882

 

 

 

61,649

 

Prepaid expenses and other assets

 

53,225

 

 

 

41,488

 

Total current assets

 

1,788,475

 

 

 

1,750,138

 

 

 

 

 

Marketable securities, non-current

 

241,745

 

 

 

233,626

 

Property and equipment, net

 

182,572

 

 

 

173,610

 

Operating lease right-of-use assets, net

 

141,084

 

 

 

152,712

 

Cash surrender value of company-owned life insurance policies, net of loans

 

285,516

 

 

 

252,621

 

Deferred income taxes

 

134,199

 

 

 

144,560

 

Goodwill

 

951,962

 

 

 

948,832

 

Intangible assets, net

 

52,047

 

 

 

70,193

 

Unearned compensation, non-current

 

128,310

 

 

 

106,965

 

Investments and other assets

 

43,698

 

 

 

27,967

 

Total assets

$

3,949,608

 

 

$

3,861,224

 

 

 

 

 

LIABILITIES AND STOCKHOLDERS' EQUITY

 

 

 

Accounts payable

$

60,034

 

 

$

58,884

 

Income taxes payable

 

23,313

 

 

 

23,079

 

Compensation and benefits payable

 

457,225

 

 

 

530,473

 

Operating lease liability, current

 

29,418

 

 

 

38,573

 

Other accrued liabilities

 

319,565

 

 

 

304,589

 

Total current liabilities

 

889,555

 

 

 

955,598

 

 

 

 

 

Deferred compensation and other retirement plans

 

491,616

 

 

 

477,770

 

Operating lease liability, non-current

 

132,633

 

 

 

131,762

 

Long-term debt

 

398,354

 

 

 

397,736

 

Deferred tax liabilities

 

6,436

 

 

 

5,981

 

Other liabilities

 

23,049

 

 

 

20,238

 

Total liabilities

 

1,941,643

 

 

 

1,989,085

 

 

 

 

 

Stockholders' equity

 

 

 

Common stock: $0.01 par value, 150,000 shares authorized, 79,180 and 78,264 shares issued and 51,463 and 51,458 shares outstanding at January 31, 2026 and April 30, 2025, respectively

 

351,578

 

 

 

364,425

 

Retained earnings

 

1,716,206

 

 

 

1,588,274

 

Accumulated other comprehensive loss, net

 

(65,337

)

 

 

(86,243

)

Total Korn Ferry stockholders' equity

 

2,002,447

 

 

 

1,866,456

 

Noncontrolling interest

 

5,518

 

 

 

5,683

 

Total stockholders' equity

 

2,007,965

 

 

 

1,872,139

 

Total liabilities and stockholders' equity

$

3,949,608

 

 

$

3,861,224

 

(1)

Information is derived from audited financial statements included in our most recently filed Form 10-K.

 

KORN FERRY AND SUBSIDIARIES

RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL MEASURES

(dollars in thousands)

(unaudited)

 

 

 

 

 

 

 

Three Months Ended
January 31,

 

Nine Months Ended
January 31,

 

 

2026

 

2025

 

2026

 

2025

 

 

 

 

 

 

 

 

Net income attributable to Korn Ferry

$

65,265

 

 

$

58,414

 

 

$

204,300

 

 

$

181,818

 

Net income attributable to non-controlling interest

 

874

 

 

 

925

 

 

 

2,695

 

 

 

4,120

 

Net income

 

66,139

 

 

 

59,339

 

 

 

206,995

 

 

 

185,938

 

Income tax provision

 

26,683

 

 

 

22,795

 

 

 

78,578

 

 

 

70,047

 

Income before provision for income taxes

 

92,822

 

 

 

82,134

 

 

 

285,573

 

 

 

255,985

 

Interest expense, net

 

5,663

 

 

 

5,461

 

 

 

14,942

 

 

 

15,032

 

Depreciation and amortization (1)

 

22,994

 

 

 

20,490

 

 

 

77,253

 

 

 

59,756

 

Integration/acquisition costs (2)

 

1,587

 

 

 

2,127

 

 

 

4,420

 

 

 

7,099

 

Restructuring charges, net (3)

 

—

 

 

 

1,316

 

 

 

—

 

 

 

1,892

 

Impairment of fixed assets (4)

 

—

 

 

 

509

 

 

 

—

 

 

 

509

 

Impairment of right-of-use assets (5)

 

—

 

 

 

2,452

 

 

 

—

 

 

 

2,452

 

Gain on modification of office lease (6)

 

—

 

 

 

—

 

 

 

(13,907

)

 

 

—

 

Adjusted EBITDA

$

123,066

 

 

$

114,489

 

 

$

368,281

 

 

$

342,725

 

 

 

 

 

 

 

 

 

Net income attributable to Korn Ferry margin

 

9.1

%

 

 

8.7

%

 

 

9.5

%

 

 

9.0

%

Net income attributable to non-controlling interest

 

0.1

%

 

 

0.1

%

 

 

0.1

%

 

 

0.2

%

Income tax provision

 

3.8

%

 

 

3.4

%

 

 

3.6

%

 

 

3.5

%

Interest expense, net

 

0.8

%

 

 

0.8

%

 

 

0.7

%

 

 

0.7

%

Depreciation and amortization (1)

 

3.2

%

 

 

3.1

%

 

 

3.6

%

 

 

3.0

%

Integration/acquisition costs (2)

 

0.2

%

 

 

0.3

%

 

 

0.2

%

 

 

0.4

%

Restructuring charges, net (3)

 

—

%

 

 

0.2

%

 

 

—

%

 

 

0.1

%

Impairment of fixed assets (4)

 

—

%

 

 

0.1

%

 

 

—

%

 

 

0.0

%

Impairment of right-of-use assets (5)

 

—

%

 

 

0.4

%

 

 

—

%

 

 

0.1

%

Gain on modification of office lease (6)

 

—

%

 

 

—

%

 

 

(0.6

%)

 

 

—

%

Adjusted EBITDA margin

 

17.2

%

 

 

17.1

%

 

 

17.1

%

 

 

17.0

%

 

 

 

 

 

 

 

 

Net income attributable to Korn Ferry

$

65,265

 

 

$

58,414

 

 

$

204,300

 

 

$

181,818

 

Accelerated depreciation on Digital platform (1)

 

1,696

 

 

 

—

 

 

 

13,846

 

 

 

—

 

Integration/acquisition costs (2)

 

1,587

 

 

 

2,127

 

 

 

4,420

 

 

 

7,099

 

Restructuring charges, net (3)

 

—

 

 

 

1,316

 

 

 

—

 

 

 

1,892

 

Impairment of fixed assets (4)

 

—

 

 

 

509

 

 

 

—

 

 

 

509

 

Impairment of right-of-use assets (5)

 

—

 

 

 

2,452

 

 

 

—

 

 

 

2,452

 

Gain on modification of office lease (6)

 

—

 

 

 

—

 

 

 

(13,907

)

 

 

—

 

Tax effect on the adjusted items (7)

 

(865

)

 

 

(1,555

)

 

 

(1,243

)

 

 

(2,700

)

Adjusted net income attributable to Korn Ferry

$

67,683

 

 

$

63,263

 

 

$

207,416

 

 

$

191,070

 

Explanation of Non-GAAP Adjustments

(1)

Depreciation and amortization includes $1.7 million and $13.8 million of accelerated depreciation associated with the decision to sunset our Digital platform in the three and nine months ended January 31, 2026, respectively.

(2)

Costs associated with previous acquisitions, such as legal and professional fees, retention awards and the on-going integration expenses.

(3)

Restructuring charges incurred to align our workforce to eliminate excess capacity resulting from challenging macroeconomic business environment.

(4)

Costs associated with impairment of fixed assets primarily due to software impairment charge in our Digital segment.

(5)

Costs associated with impairment of right-of-use assets due to terminating and deciding to sublease some of our offices.

(6)

Gain on the modification of an office lease where the Company received lease incentives to shorten the lease term.

(7)

Tax effect on accelerated depreciation on Digital platform, integration/acquisition costs, restructuring charges, net, impairment of fixed assets and right-of-use assets and gain on modification of office lease.

 

KORN FERRY AND SUBSIDIARIES

RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL MEASURES - CONTINUED

(unaudited)

 

 

 

 

 

 

 

Three Months Ended
January 31,

 

Nine Months Ended
January 31,

 

 

2026

 

2025

 

2026

 

2025

 

 

 

 

 

 

 

 

Basic earnings per common share

$

1.25

 

 

$

1.12

 

 

$

3.91

 

 

$

3.46

 

Accelerated depreciation on Digital platform (1)

 

0.04

 

 

 

—

 

 

 

0.27

 

 

 

—

 

Integration/acquisition costs (2)

 

0.03

 

 

 

0.04

 

 

 

0.08

 

 

 

0.14

 

Restructuring charges, net (3)

 

—

 

 

 

0.02

 

 

 

—

 

 

 

0.03

 

Impairment of fixed assets (4)

 

—

 

 

 

0.01

 

 

 

—

 

 

 

0.01

 

Impairment of right-of-use assets (5)

 

—

 

 

 

0.05

 

 

 

—

 

 

 

0.05

 

Gain on modification of office lease (6)

 

—

 

 

 

—

 

 

 

(0.27

)

 

 

—

 

Tax effect on the adjusted items (7)

 

(0.02

)

 

 

(0.03

)

 

 

(0.02

)

 

 

(0.05

)

Adjusted basic earnings per share

$

1.30

 

 

$

1.21

 

 

$

3.97

 

 

$

3.64

 

 

 

 

 

 

 

 

 

Diluted earnings per common share

$

1.23

 

 

$

1.10

 

 

$

3.84

 

 

$

3.40

 

Accelerated depreciation on Digital platform (1)

 

0.04

 

 

 

—

 

 

 

0.26

 

 

 

—

 

Integration/acquisition costs (2)

 

0.03

 

 

 

0.04

 

 

 

0.07

 

 

 

0.13

 

Restructuring charges, net (3)

 

—

 

 

 

0.02

 

 

 

—

 

 

 

0.03

 

Impairment of fixed assets (4)

 

—

 

 

 

0.01

 

 

 

—

 

 

 

0.01

 

Impairment of right-of-use assets (5)

 

—

 

 

 

0.05

 

 

 

—

 

 

 

0.05

 

Gain on modification of office lease (6)

 

—

 

 

 

—

 

 

 

(0.26

)

 

 

—

 

Tax effect on the adjusted items (7)

 

(0.02

)

 

 

(0.03

)

 

 

(0.02

)

 

 

(0.05

)

Adjusted diluted earnings per share

$

1.28

 

 

$

1.19

 

 

$

3.89

 

 

$

3.57

 

Explanation of Non-GAAP Adjustments

(1)

Depreciation and amortization includes $1.7 million and $13.8 million of accelerated depreciation associated with the decision to sunset our Digital platform in the three and nine months ended January 31, 2026, respectively.

(2)

Costs associated with previous acquisitions, such as legal and professional fees, retention awards and the on-going integration expenses.

(3)

Restructuring charges incurred to align our workforce to eliminate excess capacity resulting from challenging macroeconomic business environment.

(4)

Costs associated with impairment of fixed assets primarily due to software impairment charge in our Digital segment.

(5)

Costs associated with impairment of right-of-use assets due to terminating and deciding to sublease some of our offices.

(6)

Gain on the modification of an office lease where the Company received lease incentives to shorten the lease term.

(7)

Tax effect on accelerated depreciation on Digital platform, integration/acquisition costs, restructuring charges, net, impairment of fixed assets and right-of-use assets and gain on modification of office lease.

KORN FERRY AND SUBSIDIARIES

RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL MEASURES - CONTINUED

(dollars in thousands)

(unaudited)

 

 

 

 

 

Three Months Ended January 31,

 

 

2026

 

2025

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income attributable to

Korn Ferry

 

Net income attributable to

Korn Ferry margin

 

 

 

 

 

Net income attributable to

Korn Ferry

 

Net income attributable to

Korn Ferry margin

Consolidated

 

 

 

 

$

65,265

 

 

9.1

%

 

 

 

 

 

$

58,414

 

 

8.7

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fee revenue

 

Total revenue

 

Adjusted EBITDA

 

Adjusted EBITDA margin

 

Fee revenue

 

Total revenue

 

Adjusted EBITDA

 

Adjusted EBITDA margin

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Consulting

$

166,931

 

 

$

170,202

 

 

$

28,417

 

 

17.0

%

 

$

158,704

 

 

$

161,382

 

 

$

28,026

 

 

17.7

%

Digital

 

94,014

 

 

 

94,199

 

 

 

29,099

 

 

31.0

%

 

 

90,823

 

 

 

90,836

 

 

 

28,408

 

 

31.3

%

Executive Search:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

North America

 

145,540

 

 

 

146,784

 

 

 

42,138

 

 

29.0

%

 

 

128,264

 

 

 

129,889

 

 

 

37,175

 

 

29.0

%

EMEA

 

55,318

 

 

 

55,784

 

 

 

9,459

 

 

17.1

%

 

 

47,840

 

 

 

48,087

 

 

 

7,845

 

 

16.4

%

Asia Pacific

 

24,073

 

 

 

24,218

 

 

 

5,331

 

 

22.1

%

 

 

21,664

 

 

 

21,794

 

 

 

4,504

 

 

20.8

%

Latin America

 

7,018

 

 

 

7,026

 

 

 

1,223

 

 

17.4

%

 

 

6,803

 

 

 

6,807

 

 

 

1,696

 

 

24.9

%

Total Executive Search

 

231,949

 

 

 

233,812

 

 

 

58,151

 

 

25.1

%

 

 

204,571

 

 

 

206,577

 

 

 

51,220

 

 

25.0

%

Professional Search & Interim

 

137,017

 

 

 

138,188

 

 

 

29,065

 

 

21.2

%

 

 

129,957

 

 

 

130,854

 

 

 

27,265

 

 

21.0

%

RPO

 

87,474

 

 

 

88,641

 

 

 

13,641

 

 

15.6

%

 

 

84,674

 

 

 

86,889

 

 

 

12,743

 

 

15.0

%

Corporate

 

—

 

 

 

—

 

 

 

(35,307

)

 

 

 

 

—

 

 

 

—

 

 

 

(33,173

)

 

 

Consolidated

$

717,385

 

 

$

725,042

 

 

$

123,066

 

 

17.2

%

 

$

668,729

 

 

$

676,538

 

 

$

114,489

 

 

17.1

%

 

Nine Months Ended January 31,

 

2026

 

2025

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income attributable to

Korn Ferry

 

Net income attributable to

Korn Ferry margin

 

 

 

 

 

Net income attributable to

Korn Ferry

 

Net income attributable to

Korn Ferry margin

Consolidated

 

 

 

 

$

204,300

 

 

9.5

%

 

 

 

 

 

$

181,818

 

 

9.0

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fee revenue

 

Total revenue

 

Adjusted EBITDA

 

Adjusted EBITDA margin

 

Fee revenue

 

Total revenue

 

Adjusted EBITDA

 

Adjusted EBITDA margin

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Consulting

$

509,734

 

 

$

518,831

 

 

$

87,490

 

 

17.2

%

 

$

493,345

 

 

$

501,533

 

 

$

86,426

 

 

17.5

%

Digital

 

274,241

 

 

 

274,681

 

 

 

85,438

 

 

31.2

%

 

 

271,896

 

 

 

272,085

 

 

 

84,219

 

 

31.0

%

Executive Search:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

North America

 

427,299

 

 

 

431,565

 

 

 

125,332

 

 

29.3

%

 

 

392,907

 

 

 

397,395

 

 

 

109,180

 

 

27.8

%

EMEA

 

160,999

 

 

 

162,077

 

 

 

27,373

 

 

17.0

%

 

 

140,609

 

 

 

141,495

 

 

 

22,597

 

 

16.1

%

Asia Pacific

 

72,905

 

 

 

73,321

 

 

 

16,185

 

 

22.2

%

 

 

63,707

 

 

 

64,038

 

 

 

13,154

 

 

20.6

%

Latin America

 

20,950

 

 

 

20,984

 

 

 

4,497

 

 

21.5

%

 

 

21,982

 

 

 

21,992

 

 

 

7,046

 

 

32.1

%

Total Executive Search

 

682,153

 

 

 

687,947

 

 

 

173,387

 

 

25.4

%

 

 

619,205

 

 

 

624,920

 

 

 

151,977

 

 

24.5

%

Professional Search & Interim

 

412,017

 

 

 

415,834

 

 

 

87,293

 

 

21.2

%

 

 

372,805

 

 

 

375,572

 

 

 

80,174

 

 

21.5

%

RPO

 

269,552

 

 

 

273,092

 

 

 

42,203

 

 

15.7

%

 

 

260,789

 

 

 

267,149

 

 

 

38,136

 

 

14.6

%

Corporate

 

—

 

 

 

—

 

 

 

(107,530

)

 

 

 

 

—

 

 

 

—

 

 

 

(98,207

)

 

 

Consolidated

$

2,147,697

 

 

$

2,170,385

 

 

$

368,281

 

 

17.1

%

 

$

2,018,040

 

 

$

2,041,259

 

 

$

342,725

 

 

17.0

%

 

Investor Relations: Tiffany Louder, (214) 310-8407
Media: Dan Gugler, (310) 226-2645

Source: Korn Ferry