| Schedule of Financial Highlights by Operating Segment |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 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, | | 2026 | | 2025 | | 2026 | | 2025 | | | | | | | | | | (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 | |
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