Korn Ferry Announces First Quarter Fiscal 2027 Results of Operations

Korn Ferry delivered its sixth straight quarter of revenue growth and issued Q2 FY’27 guidance that incorporates the recently closed AMS acquisition.

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Highlights

• Korn Ferry reports Q1 FY'27 fee revenue of $756.5 million, an increase of 7% year-over-year at both actual and constant currency.
  • This marks our sixth consecutive quarter of top line growth.
  • Fee revenue grew in all regions year-over-year, led by double digit growth in Search and Workforce Solutions of 10% and 11%, respectively.

• Estimated remaining fees under existing contracts at the end of the first quarter were $1.9 billion, up 14% year-over-year.

• Net income attributable to Korn Ferry was $69.0 million, an increase of 4% year-over-year, with a margin of 9.1%.

• Adjusted EBITDA was $128.2 million, an increase of 7% year-over-year, with a margin of 17%.

• Diluted and adjusted diluted earnings per share were $1.32 and $1.43 in Q1 FY'27, up 5% and 9% year-over-year, respectively.

LOS ANGELES--(BUSINESS WIRE)-- Korn Ferry (NYSE: KFY), a global consulting firm, today announced first quarter fee revenue of $756.5 million. In addition, first quarter diluted earnings per share was $1.32 and adjusted diluted earnings per share was $1.43.

“I am very pleased with our quarterly performance. This marks our sixth consecutive quarter of top-line growth, demonstrating the momentum and durability of our business, as well as the sustaining value we are creating for our clients,” said Gary D. Burnison, CEO, Korn Ferry. “With AMS now part of Korn Ferry, we have brought together two iconic brands to create a global leader in talent and organizational consulting. AMS is a world-class firm that complements and meaningfully expands our Workforce Solutions and propels our We Are Korn Ferry strategy—to be the world’s conductor of talent and organizational orchestration.

“AMS brings profound operational capability, delivering technology-enabled talent solutions at scale, supported by long-term contracted client relationships. And at the heart of this combination is a belief that defines Korn Ferry: people are the catalyst for organizational success. I could not be more excited about our future.”

Selected Financial Results

(dollars in millions, except per share amounts) (a)
	First Quarter
	FY’27				FY’26
Fee revenue	$	756.5			$	708.6
Total revenue	$	764.6			$	715.5
Estimated remaining fees under existing contracts (b)	$	1,915.0			$	1,674.1
New business (c)	$	832.3			$	742.2
Fee earner new business productivity (d) - in thousands	$	1,840			$	1,610
Ending number of fee earners (e)		1,811				1,830
Net income attributable to Korn Ferry	$	69.0			$	66.6
Net income attributable to Korn Ferry margin		9.1	%			9.4	%
Basic earnings per share	$	1.35			$	1.28
Diluted earnings per share	$	1.32			$	1.26
Adjusted Results (f):	First Quarter
	FY’27				FY’26
Adjusted EBITDA	$	128.2			$	120.4
Adjusted EBITDA margin		17.0	%			17.0	%
Adjusted net income attributable to Korn Ferry (g)	$	74.6			$	69.2
Adjusted basic earnings per share (g)	$	1.46			$	1.33
Adjusted diluted earnings per share (g)	$	1.43			$	1.31

____________________
(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 value of an engagement awarded in the period evidenced by a signed contract.
(d)	New business divided by average number of fee earners in the period annualized.
(e)	Represents number of employees originating services.
(f)	Adjusted EBITDA refers to earnings before interest, taxes, depreciation and amortization, further adjusted to exclude integration/acquisition costs, when applicable. Adjusted results on a consolidated basis are non-GAAP financial measures that adjust for the following, as applicable (see attached reconciliations):

	First Quarter
	FY’27			FY’26
Integration/acquisition costs	$	7.6		$	1.5

(g)	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 items in (f) and the following, as applicable (see attached reconciliations):

	First Quarter
	FY’27				FY’26
Accelerated depreciation on digital technology platform	$	—			$	2.0
Tax effect on the adjusted items	$	(1.9	)		$	(0.9	)

The Company reported fee revenue in Q1 FY'27 of $756.5 million, an increase of 7% year-over-year at both actual and constant currency. Fee revenue grew in all Regions year-over-year, led by double digit growth in Search and Workforce Solutions.

Net income attributable to Korn Ferry was $69.0 million with a margin of 9.1% in Q1 FY'27, compared to net income attributable to Korn Ferry of $66.6 million with a margin of 9.4% in Q1 FY'26. Adjusted EBITDA was $128.2 million in Q1 FY'27 compared to $120.4 million in Q1 FY'26. Adjusted EBITDA margin in the quarter was 17.0%, flat year-over-year. Net income attributable to Korn Ferry and Adjusted EBITDA increased primarily due to an increase in fee revenue, partially offset by increases in compensation and benefits expenses and general and administrative expenses.

Results by Region

Selected Americas Data

(dollars in millions) (a)
	First Quarter
	FY’27				FY’26
Fee revenue	$	442.1			$	404.1
Total revenue	$	447.6			$	408.5
Estimated remaining fees under existing contracts (b)	$	1,042.1			$	875.1
New business (c)	$	465.7			$	404.1
Fee earner new business productivity (d) - in thousands	$	1,920			$	1,630
Ending number of fee earners (e)		971				973
Adjusted Results (f):	First Quarter
	FY’27				FY’26
Adjusted EBITDA	$	116.4			$	100.7
Adjusted EBITDA margin		26.3	%			24.9	%

___________________
(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 value of an engagement awarded in the period evidenced by a signed contract.
(d)	New business divided by average number of fee earners in the period annualized.
(e)	Represents number of employees originating services.
(f)	Adjusted results exclude the following:

	First Quarter
	FY’27			FY’26
Integration/acquisition costs	$	—		$	0.7

Fee revenue was $442.1 million in Q1 FY'27 compared to $404.1 million in Q1 FY'26, an increase of $38.0 million or 9% year-over-year at both actual and constant currency. The fee revenue increase was primarily driven by increases of 14% in both Search and Workforce Solutions.

Adjusted EBITDA was $116.4 million in Q1 FY'27 compared to $100.7 million in the year-ago quarter. Adjusted EBITDA margin in the quarter increased year-over-year by 140bps to 26.3%. Adjusted EBITDA increased primarily due to an increase in fee revenue, partially offset by increases in compensation and benefits expenses and cost of services.

Selected EMEA Data

(dollars in millions) (a)
	First Quarter
	FY’27				FY’26
Fee revenue	$	227.7			$	219.0
Total revenue	$	229.6			$	220.9
Estimated remaining fees under existing contracts (b)	$	646.9			$	572.5
New business (c)	$	251.7			$	227.3
Fee earner new business productivity (d) - in thousands	$	1,790			$	1,580
Ending number of fee earners (e)		556				578
Adjusted Results (f):	First Quarter
	FY’27				FY’26
Adjusted EBITDA	$	37.3			$	35.7
Adjusted EBITDA margin		16.4	%			16.3	%

___________________
(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 value of an engagement awarded in the period evidenced by a signed contract.
(d)	New business divided by average number of fee earners in the period annualized.
(e)	Represents number of employees originating services.
(f)	Adjusted results exclude the following:

	First Quarter
	FY’27			FY’26
Integration/acquisition costs	$	—		$	0.8

Fee revenue was $227.7 million in Q1 FY'27 compared to $219.0 million in Q1 FY'26, an increase of $8.7 million or 4% year-over-year at both actual and constant currency. Fee revenue increased in all Solution groups, led by Workforce Solutions and Talent & Organizational Solutions up 8% and 4%, respectively.

Adjusted EBITDA was $37.3 million in Q1 FY'27, compared to $35.7 million in the year-ago quarter. Adjusted EBITDA increased primarily due to an increase in fee revenue, partially offset by increases in compensation and benefits expenses and cost of services.

Selected APAC Data

(dollars in millions) (a)
	First Quarter
	FY’27				FY’26
Fee revenue	$	86.7			$	85.5
Total revenue	$	87.5			$	86.2
Estimated remaining fees under existing contracts (b)	$	226.0			$	226.6
New business (c)	$	114.9			$	110.7
Fee earner new business productivity (d) - in thousands	$	1,620			$	1,570
Ending number of fee earners (e)		284				279
Adjusted Results:	First Quarter
	FY’27				FY’26
Adjusted EBITDA	$	19.2			$	19.8
Adjusted EBITDA margin		22.2	%			23.1	%

___________________
(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 value of an engagement awarded in the period evidenced by a signed contract.
(d)	New business divided by average number of fee earners in the period annualized.
(e)	Represents number of employees originating services.

Fee revenue was $86.7 million in Q1 FY'27 compared to $85.5 million in Q1 FY'26, an increase of $1.2 million or 1% (up 2% at constant currency). Fee revenue increased primarily driven by a 7% increase in Search, offset by a decline in the other Solution Groups.

Adjusted EBITDA was $19.2 million in Q1 FY'27 compared to $19.8 million in the year-ago quarter.

Outlook

Assuming no further changes in worldwide geopolitical conditions, economic conditions, financial markets and foreign exchange rates, and including the addition of AMS for September and October, on a consolidated basis:

• Q2 FY’27 fee revenue is expected to be in the range of $860 million and $878 million;
• Q2 FY'27 adjusted EBITDA margin is expected to range from 16.8% to 17.2%; and
• Q2 FY’27 adjusted diluted earnings per share is expected to be in the range from $1.30 to $1.40.

Adjusted diluted earnings per share includes the net after tax impact of two months of incremental intangible asset amortization, incremental net interest expense and incremental shares issued in connection with the acquisition of AMS which closed on September 1, 2026.

Consolidated adjusted EBITDA margin and consolidated adjusted diluted earnings per share are non-GAAP financial measures. The Company is not providing an outlook for consolidated net income attributable to Korn Ferry margin or consolidated diluted earnings per share, the most directly comparable GAAP measures, or a quantitative reconciliation of those GAAP measures to the corresponding non-GAAP measures. The information necessary to present those GAAP measures on a forward-looking basis is not accessible without unreasonable efforts, because the Company is not able to estimate with reasonable certainty the integration and acquisition costs it will incur in connection with the AMS acquisition during the second quarter of fiscal 2027.

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, expected benefits and synergies from the AMS acquisition, 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, our ability to successfully integrate acquired businesses, including the operations and employees of AMS, our ability to recognize the anticipate benefits of the acquisition of AMS which may be affected by, among other things, competition, our ability to grow and manage growth profitably, our ability to maintain relationships with customers and suppliers and retain key employees, costs related to the AMS acquisition, 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, 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 technology platform and integration/acquisition costs, net of income tax effect;
• Adjusted basic and diluted earnings per share, adjusted to exclude cost associated with accelerated depreciation on our digital technology platform and integration/acquisition costs, 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 Adjusted EBITDA, which is earnings before interest, taxes, depreciation and amortization, further adjusted to exclude integration/acquisition costs when applicable, and Consolidated 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 charges 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 charges, which are described in the footnotes in the attached reconciliations, represent 1) accelerated depreciation associated with the decision to sunset our digital technology platform and 2) costs associated with acquisitions, such as legal and professional fees, retention awards and on-going integration expenses. 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 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 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 July 31,
		2026				2025
	(unaudited)
Fee revenue	$	756,496			$	708,613
Reimbursed out-of-pocket engagement expenses		8,126				6,930
Total revenue		764,622				715,543
Compensation and benefits		477,362				461,411
General and administrative expenses		80,231				63,874
Reimbursed expenses		8,126				6,930
Cost of services		83,328				77,194
Depreciation and amortization		22,195				22,686
Total operating expenses		671,242				632,095
Operating income		93,380				83,448
Other income, net		5,107				12,752
Interest expense, net		(4,342	)			(3,516	)
Income before provision for income taxes		94,145				92,684
Income tax provision		24,648				25,250
Net income		69,497				67,434
Net income attributable to noncontrolling interest		(530	)			(798	)
Net income attributable to Korn Ferry	$	68,967			$	66,636
Earnings per common share attributable to Korn Ferry:
Basic	$	1.35			$	1.28
Diluted	$	1.32			$	1.26
Weighted-average common shares outstanding:
Basic		50,351				51,466
Diluted		51,347				52,368

KORN FERRY AND SUBSIDIARIES FINANCIAL SUMMARY BY REPORTING SEGMENT (dollars in thousands) (unaudited)
	Three Months Ended July 31,
	2026			2025			% Change
Fee revenue:
AMERICAS
Search	$	209,325		$	183,723		13.9	%
Talent & Organizational Solutions		106,853			110,061		(2.9	%)
Workforce Solutions		125,951			110,351		14.1	%
Total Americas		442,129			404,135		9.4	%
EMEA
Search		66,836			65,499		2.0	%
Talent & Organizational Solutions		115,366			111,415		3.5	%
Workforce Solutions		45,468			42,041		8.2	%
Total EMEA		227,670			218,955		4.0	%
APAC
Search		31,737			29,702		6.9	%
Talent & Organizational Solutions		37,001			37,684		(1.8	%)
Workforce Solutions		17,959			18,137		(1.0	%)
Total APAC		86,697			85,523		1.4	%
Total fee revenue		756,496			708,613		6.8	%
Reimbursed out-of-pocket engagement expenses		8,126			6,930		17.3	%
Total revenue	$	764,622		$	715,543		6.9	%
Fee revenue by Solution Group:
Search	$	307,898		$	278,924		10.4	%
Talent & Organizational Solutions		259,220			259,160		—	%
Workforce Solutions		189,378			170,529		11.1	%
Total fee revenue	$	756,496		$	708,613		6.8	%

KORN FERRY AND SUBSIDIARIES CONDENSED CONSOLIDATED BALANCE SHEETS (in thousands, except per share amounts)
	July 31, 2026				April 30, 2026 (1)
	(unaudited)
ASSETS
Cash and cash equivalents	$	800,852			$	1,095,445
Marketable securities		15,439				38,914
Receivables due from clients, net of allowance for doubtful accounts of $44,591 and $42,527 at July 31, 2026 and April 30, 2026, respectively		615,274				573,350
Income taxes and other receivables		68,265				75,410
Unearned compensation		67,215				64,421
Prepaid expenses and other assets		71,923				58,437
Total current assets		1,638,968				1,905,977
Marketable securities, non-current		234,778				247,132
Property and equipment, net		193,676				191,531
Operating lease right-of-use assets, net		170,191				170,986
Cash surrender value of company-owned life insurance policies, net of loans		304,906				289,058
Deferred income taxes		118,383				113,207
Goodwill		945,837				950,636
Intangible assets, net		39,754				45,858
Unearned compensation, non-current		140,457				118,592
Investments and other assets		29,926				31,799
Total assets	$	3,816,876			$	4,064,776
LIABILITIES AND STOCKHOLDERS' EQUITY
Accounts payable	$	50,316			$	49,682
Income taxes payable		18,718				19,573
Compensation and benefits payable		299,408				570,242
Operating lease liability, current		30,621				28,111
Other accrued liabilities		292,154				314,402
Total current liabilities		691,217				982,010
Deferred compensation and other retirement plans		531,991				510,774
Operating lease liability, non-current		163,701				164,899
Long-term debt		398,778				398,565
Deferred tax liabilities		6,607				5,723
Other liabilities		23,305				23,902
Total liabilities		1,815,599				2,085,873
Stockholders' equity
Common stock: $0.01 par value, 150,000 shares authorized, 80,165 and 79,203 shares issued and 50,790 and 50,225 shares outstanding at July 31, 2026 and April 30, 2026, respectively		276,212				284,370
Retained earnings		1,799,808				1,761,063
Accumulated other comprehensive loss, net		(81,633	)			(72,827	)
Total Korn Ferry stockholders' equity		1,994,387				1,972,606
Noncontrolling interest		6,890				6,297
Total stockholders' equity		2,001,277				1,978,903
Total liabilities and stockholders' equity	$	3,816,876			$	4,064,776
(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
		2026				2025
Net income attributable to Korn Ferry	$	68,967			$	66,636
Net income attributable to non-controlling interest		530				798
Net income		69,497				67,434
Income tax provision		24,648				25,250
Income before provision for income taxes		94,145				92,684
Interest expense, net		4,342				3,516
Depreciation and amortization (1)		22,195				22,686
Integration/acquisition costs (2)		7,554				1,508
Adjusted EBITDA	$	128,236			$	120,394
Net income attributable to Korn Ferry margin		9.1	%			9.4	%
Net income attributable to non-controlling interest		0.1	%			0.1	%
Income tax provision		3.3	%			3.6	%
Interest expense, net		0.6	%			0.5	%
Depreciation and amortization (1)		2.9	%			3.2	%
Integration/acquisition costs (2)		1.0	%			0.2	%
Adjusted EBITDA margin		17.0	%			17.0	%
Net income attributable to Korn Ferry	$	68,967			$	66,636
Accelerated depreciation on digital technology platform (1)		—				1,977
Integration/acquisition costs (2)		7,554				1,508
Tax effect on the adjusted items (3)		(1,897	)			(883	)
Adjusted net income attributable to Korn Ferry	$	74,624			$	69,238
Basic earnings per common share	$	1.35			$	1.28
Accelerated depreciation on digital technology platform (1)		—				0.04
Integration/acquisition costs (2)		0.15				0.03
Tax effect on the adjusted items (3)		(0.04	)			(0.02	)
Adjusted basic earnings per share	$	1.46			$	1.33
Diluted earnings per common share	$	1.32			$	1.26
Accelerated depreciation on digital technology platform (1)		—				0.04
Integration/acquisition costs (2)		0.15				0.03
Tax effect on the adjusted items (3)		(0.04	)			(0.02	)
Adjusted diluted earnings per share	$	1.43			$	1.31

Explanation of Non-GAAP Adjustments
(1)	Depreciation and amortization includes $2.0 million of accelerated depreciation associated with the decision to sunset the digital technology platform in the three months ended July 31, 2025.
(2)	Costs associated with current and previous acquisitions, such as legal and professional fees, retention awards and the on-going integration expenses.
(3)	Tax effect on the accelerated depreciation on the digital technology platform and integration/acquisition costs.

KORN FERRY AND SUBSIDIARIES RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL MEASURES - CONTINUED (dollars in thousands) (unaudited)
	Three Months Ended July 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							$	68,967			9.1	%								$	66,636			9.4	%
	Fee revenue			Total revenue			Adjusted EBITDA				Adjusted EBITDA margin			Fee revenue			Total revenue			Adjusted EBITDA				Adjusted EBITDA margin
Americas	$	442,129		$	447,550		$	116,419			26.3	%		$	404,135		$	408,462		$	100,747			24.9	%
EMEA		227,670			229,580			37,280			16.4	%			218,955			220,875			35,727			16.3	%
APAC		86,697			87,492			19,219			22.2	%			85,523			86,206			19,769			23.1	%
Corporate		—			—			(44,682	)						—			—			(35,849	)
Consolidated	$	756,496		$	764,622		$	128,236			17.0	%		$	708,613		$	715,543		$	120,394			17.0	%

 

View source version on businesswire.com: https://www.businesswire.com/news/home/20260901479582/en/

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

Source: Korn Ferry

Key Terms

constant currency financial

Constant currency is a way of measuring financial results that removes the effects of changes in currency exchange rates. It allows for a clearer comparison of a company's performance over time by showing what the numbers would look like if exchange rates had stayed the same. This helps investors understand whether growth comes from actual business improvements or just currency fluctuations.

adjusted ebitda financial

Adjusted EBITDA is a way companies measure how much money they make from their core operations, like running a business, by removing certain costs or income that aren’t part of regular business activities. It helps investors see how well a company is doing without distractions from unusual expenses or gains, making it easier to compare companies or track performance over time.

diluted earnings per share financial

Diluted earnings per share is a measure of a company's profit allocated to each share of stock, taking into account all possible shares that could be created through stock options, convertible bonds, or other securities. It shows the lowest possible earnings per share if all these potential shares were issued, helping investors understand the worst-case scenario for their ownership. This figure matters because it provides a more conservative view of a company's profitability per share.

non-gaap financial measures financial

Non-GAAP financial measures are numbers companies use to show their financial performance that exclude certain expenses or income. They help investors see how the company might perform without one-time costs or other unusual items, giving a different perspective from official reports. However, since they can be adjusted, they don’t always tell the full story and should be looked at alongside standard financial figures.