v3.25.4
Segments
 9 Months Ended
Jan. 31, 2026
Segment Reporting [Abstract]  
Segments Segments
The Company has eight reportable segments: Consulting, Digital, Executive Search North America, Executive Search EMEA, Executive Search APAC, Executive Search Latin America, Professional Search & Interim and RPO.
The Company's chief executive officer is the Company’s chief operating decision maker (“CODM”), who evaluates performance and allocates resources based on the review of the Company's 1) fee revenue and 2) adjusted earnings before interest, taxes, depreciation and amortization (“Adjusted EBITDA”). To the extent that such costs or charges occur, Adjusted EBITDA excludes restructuring charges, integration/acquisition costs, certain separation costs and certain non-cash charges (goodwill, intangible asset, gain on modification of office lease and other impairment charges). The CODM is not provided asset information by reportable segment because asset information is not used for purposes of evaluating segment performance or allocating resources among segments.
Financial highlights by reportable segments are as follows:
Three Months Ended January 31, 2026
Executive Search
Consulting
Digital
North America
EMEA
Asia Pacific
Latin America
Professional Search & Interim
RPO
Corporate
Consolidated
(in thousands)
Fee revenue$166,931 $94,014 $145,540 $55,318 $24,073 $7,018 $137,017 $87,474 $— $717,385 
Total revenue$170,202 $94,199 $146,784 $55,784 $24,218 $7,026 $138,188 $88,641 $— $725,042 
Less significant segment expenses
Compensation and benefits(1)
$114,436 $45,746 $99,853 $41,248 $16,180 $4,733 $47,337 $65,916 $19,787 
General and administrative expenses(2)
13,211 10,982 7,723 4,569 2,486 1,074 5,048 4,621 16,230 
Cost of services
11,804 8,638 844 111 177 53 55,683 3,297 — 
Other segment items(3)
2,334 (266)(3,774)397 44 (57)1,055 1,166 (710)
Segment Adjusted EBITDA
28,417 29,099 42,138 9,459 5,331 1,223 29,065 13,641 (35,307)123,066 
Reconciliation of Segment Adjusted EBITDA
Depreciation and amortization
22,994 
Interest expense, net
5,663 
Integration/acquisition costs
1,587 
Income tax provision
26,683 
Net income attributable to noncontrolling interest
874 
Net income attributable to Korn Ferry
$65,265 
___________________
(1)Includes salaries and payroll taxes, employee insurance benefits, commissions, annual performance-related bonus expense, amortization of unearned compensation, stock-based compensation awards, changes in deferred compensation and pension plan liabilities and changes in CSV of COLI contracts. Excludes integration/acquisition costs as they are excluded from Adjusted EBITDA.
(2)Mainly includes premise and office expense, marketing and business development expense, bad debts, legal and other professional fees and foreign exchange gains/losses.
(3)Includes reimbursed expenses and other income, net.
Three Months Ended January 31, 2025
Executive Search
Consulting
Digital
North America
EMEA
Asia Pacific
Latin America
Professional Search & Interim
RPO
Corporate
Consolidated
(in thousands)
Fee revenue$158,704 $90,823 $128,264 $47,840 $21,664 $6,803 $129,957 $84,674 $— $668,729 
Total revenue$161,382 $90,836 $129,889 $48,087 $21,794 $6,807 $130,854 $86,889 $— $676,538 
Less significant segment expenses
Compensation and benefits(1)
$109,510 $43,330 $88,702 $35,515 $15,162 $4,043 $44,288 $64,579 $18,646 
General and administrative expenses(2)
11,909 9,708 8,223 4,413 1,944 863 4,991 4,352 15,378 
Cost of services
10,340 9,943 710 134 152 37 53,695 3,036 — 
Other segment items(3)
1,597 (553)(4,921)180 32 168 615 2,179 (851)
Segment Adjusted EBITDA
28,026 28,408 37,175 7,845 4,504 1,696 27,265 12,743 (33,173)114,489 
Reconciliation of Segment Adjusted EBITDA
Depreciation and amortization
20,490 
Impairment of fixed assets
509 
Impairment of right-of-use assets
2,452 
Integration/acquisition costs
2,127 
Restructuring charges, net
1,316 
Interest expense, net
5,461 
Income tax provision
22,795 
Net income attributable to noncontrolling interest
925 
Net income attributable to Korn Ferry
$58,414 
___________________
(1)Includes salaries and payroll taxes, employee insurance benefits, commissions, annual performance-related bonus expense, amortization of unearned compensation, stock-based compensation awards, changes in deferred compensation and pension plan liabilities and changes in CSV of COLI contracts. Excludes integration/acquisition costs as they are excluded from Adjusted EBITDA.
(2)Mainly includes premise and office expense, marketing and business development expense, bad debts, legal and other professional fees and foreign exchange gains/losses. Excludes integration/acquisition costs, impairment of fixed assets, and impairment of right-of-use assets as they are excluded from Adjusted EBITDA.
(3)Includes reimbursed expenses and other income, net.
Nine Months Ended January 31, 2026
Executive Search
Consulting
Digital
North America
EMEA
Asia Pacific
Latin America
Professional Search & Interim
RPO
Corporate
Consolidated
(in thousands)
Fee revenue$509,734 $274,241 $427,299 $160,999 $72,905 $20,950 $412,017 $269,552 $— $2,147,697 
Total revenue$518,831 $274,681 $431,565 $162,077 $73,321 $20,984 $415,834 $273,092 $— $2,170,385 
Less significant segment expenses
Compensation and benefits(1)
$350,119 $135,384 $296,031 $120,118 $49,840 $13,689 $146,726 $203,646 $60,295 
General and administrative expenses(2)
39,496 31,423 21,815 13,347 6,786 2,943 14,959 13,849 49,357 
Cost of services
35,921 23,676 2,611 400 515 147 163,767 9,851 — 
Other segment items(3)
5,805 (1,240)(14,224)839 (5)(292)3,089 3,543 (2,122)
Segment Adjusted EBITDA
87,490 85,438 125,332 27,373 16,185 4,497 87,293 42,203 (107,530)368,281 
Reconciliation of Segment Adjusted EBITDA
Depreciation and amortization
77,253 
Gain on modification of office lease
(13,907)
Interest expense, net
14,942 
Integration/acquisition costs
4,420 
Income tax provision
78,578 
Net income attributable to noncontrolling interest
2,695 
Net income attributable to Korn Ferry
$204,300 
___________________
(1)Includes salaries and payroll taxes, employee insurance benefits, commissions, annual performance-related bonus expense, amortization of unearned compensation, stock-based compensation awards, changes in deferred compensation and pension plan liabilities and changes in CSV of COLI contracts. Excludes integration/acquisition costs as they are excluded from Adjusted EBITDA.
(2)Mainly includes premise and office expense, marketing and business development expense, bad debts, legal and other professional fees and foreign exchange gains/losses. Excludes Gain on modification of office lease as it is excluded from adjusted EBITDA.
(3)Includes reimbursed expenses and other income, net.
Nine Months Ended January 31, 2025
Executive Search
Consulting
Digital
North America
EMEA
Asia Pacific
Latin America
Professional Search & Interim
RPO
Corporate
Consolidated
(in thousands)
Fee revenue$493,345 $271,896 $392,907 $140,609 $63,707 $21,982 $372,805 $260,789 $— $2,018,040 
Total revenue$501,533 $272,085 $397,395 $141,495 $64,038 $21,992 $375,572 $267,149 $— $2,041,259 
Less significant segment expenses
Compensation and benefits(1)
$337,928 $134,236 $276,693 $105,169 $45,229 $13,270 $140,846 $200,915 $56,285 
General and administrative expenses(2)
38,275 29,247 24,153 12,718 5,523 1,692 14,242 13,567 44,338 
Cost of services
34,019 25,912 2,862 354 360 180 138,341 8,220 — 
Other segment items(3)
4,885 (1,529)(15,493)657 (228)(196)1,969 6,311 (2,416)
Segment Adjusted EBITDA
86,426 84,219 109,180 22,597 13,154 7,046 80,174 38,136 (98,207)342,725 
Reconciliation of Segment Adjusted EBITDA
Depreciation and amortization
59,756 
Impairment of fixed assets
509 
Impairment of right-of-use assets
2,452 
Integration/acquisition costs
7,099 
Restructuring charges, net
1,892 
Interest expense, net
15,032 
Income tax provision
70,047 
Net income attributable to noncontrolling interest
4,120 
Net income attributable to Korn Ferry
$181,818 
___________________
(1)Includes salaries and payroll taxes, employee insurance benefits, commissions, annual performance-related bonus expense, amortization of unearned compensation, stock-based compensation awards, changes in deferred compensation and pension plan liabilities and changes in CSV of COLI contracts. Excludes integration/acquisition costs as they are excluded from Adjusted EBITDA.
(2)Mainly includes premise and office expense, marketing and business development expense, bad debts, legal and other professional fees and foreign exchange gains/losses. Excludes integration/acquisition costs, impairment of fixed assets, and impairment of right-of-use assets as they are excluded from Adjusted EBITDA.
(3)Includes reimbursed expenses and other income, net.
Depreciation and amortization by reportable segments are as follows:
Three Months Ended
January 31,		Nine Months Ended
January 31,
2026202520262025
(in thousands)
Consulting
$3,527 $3,966 $10,686 $12,302 
Digital
11,772 9,089 43,980 25,644 
Executive Search:
North America
355 343 1,078 1,103 
EMEA
628 456 1,695 1,410 
Asia Pacific
241 226 719 675 
Latin America
342 228 922 724 
Professional Search & Interim
2,963 3,274 8,861 9,243 
RPO
1,098 812 3,062 2,419 
Corporate
2,068 2,096 6,250 6,236 
Total depreciation and amortization
$22,994 $20,490 $77,253 $59,756