v3.26.1
Segments
 12 Months Ended
Apr. 30, 2026
Segment Reporting [Abstract]  
Segments Segments
The Company has eight reportable segments: Consulting, Digital, Executive Search North America, Executive Search EMEA, Executive Search Asia Pacific, Executive Search Latin America, Professional Search & Interim and RPO.
Executive Search is managed by geographic regional leaders. Worldwide operations for Consulting, Professional Search & Interim and RPO are managed by their Chief Executive Officers while Digital is led by the President of Technology. The Executive Search geographic regional leaders, the Chief Executive Officers of Consulting, Professional Search & Interim and RPO and the President of Technology report directly to the Chief Executive Officer of the Company. The Company also operates Corporate to record global expenses.
The Company's chief executive officer is the Company's chief operating decision maker ("CODM"), which 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:
Year Ended April 30, 2026
Executive Search
Consulting
Digital
North America
EMEA
Asia Pacific
Latin America
Professional Search & Interim
RPO
Corporate
Consolidated
(in thousands)
Fee revenue$691,654 $363,523 $583,394 $215,134 $97,527 $28,049 $561,077 $367,111 $— $2,907,469 
Total revenue$704,129 $364,383 $589,313 $216,517 $98,138 $28,092 $566,253 $371,816 $— $2,938,641 
Less significant segment expenses
Compensation and benefits(1)
$476,106 $179,464 $402,010 $160,276 $66,886 $18,970 $201,102 $277,384 $80,387 
General and administrative expenses(2)
52,692 41,686 26,743 18,220 9,014 3,567 18,551 18,823 72,338 
Cost of services
48,593 31,387 3,486 376 690 214 221,120 13,284 — 
Other segment items(3)
8,325 (1,283)(16,629)1,073 73 (262)4,324 4,667 (2,821)
Segment Adjusted EBITDA
118,413 113,129 173,703 36,572 21,475 5,603 121,156 57,658 (149,904)497,805 
Reconciliation of Segment Adjusted EBITDA
Depreciation and amortization
98,844 
Gain on modification of office lease
(13,907)
Interest expense, net
19,998 
Integration/acquisition costs
4,420 
Income tax provision
107,630 
Net income attributable to noncontrolling interest
3,386 
Net income attributable to Korn Ferry
$277,434 
_______________________________

(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.
Year Ended April 30, 2025
Executive Search
Consulting
Digital
North America
EMEA
Asia Pacific
Latin America
Professional Search & Interim
RPO
Corporate
Consolidated
(in thousands)
Fee revenue$662,708 $363,530 $535,921 $194,088 $87,337 $28,862 $503,515 $354,127 $— $2,730,088 
Total revenue$674,070 $363,727 $542,068 $195,268 $87,840 $28,876 $507,246 $361,991 $— $2,761,086 
Less significant segment expenses
Compensation and benefits(1)
$453,964 $179,487 $362,296 $145,397 $61,662 $18,175 $186,184 $269,043 $71,908 
General and administrative expenses(2)
51,330 38,762 33,324 17,034 7,838 2,534 19,484 21,154 60,524 
Cost of services
44,428 33,927 3,825 287 318 213 190,772 11,305 — 
Other segment items(3)
8,867 (1,145)(5,619)861 (97)(195)3,206 7,854 (1,687)
Segment Adjusted EBITDA
115,481 112,696 148,242 31,689 18,119 8,149 107,600 52,635 (130,745)463,866 
Reconciliation of Segment Adjusted EBITDA
Depreciation and amortization
80,287 
Restructuring charges, net
1,892 
Interest expense, net
20,363 
Impairment of right-to-use assets
2,452 
Impairment of fixed assets
509 
Integration/acquisition costs
8,837 
Management separation charges
4,614 
Income tax provision
93,836 
Net income attributable to noncontrolling interest
5,014 
Net income attributable to Korn Ferry
$246,062 
_______________________________

(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 and management separation charges 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 impairment of right-of-use assets and fixed assets and integration/acquisition costs as they are excluded from Adjusted EBITDA.
(3)Includes reimbursed expenses and other income, net.
Year Ended April 30, 2024
Executive Search
Consulting
Digital
North America
EMEA
Asia Pacific
Latin America
Professional Search & Interim
RPO
Corporate
Consolidated
(in thousands)
Fee revenue$695,007 $366,699 $506,927 $184,516 $85,863 $28,937 $540,615 $354,107 $— $2,762,671 
Total revenue$706,805 $366,924 $513,545 $185,552 $86,273 $28,956 $544,453 $362,997 $— $2,795,505 
Less significant segment expenses
Compensation and benefits(1)
$484,468 $187,924 $371,237 $141,670 $58,835 $18,664 $210,356 $284,349 $72,613 
General and administrative expenses(2)
54,176 38,452 31,588 16,351 8,831 4,761 23,846 18,612 58,400 
Cost of services
45,399 33,290 3,419 513 184 218 205,765 11,227 — 
Other segment items(3)
8,502 (1,411)(13,409)1,116 (500)(258)2,618 8,410 (2,915)
Segment Adjusted EBITDA
114,260 108,669 120,710 25,902 18,923 5,571 101,868 40,399 (128,098)408,204 
Reconciliation of Segment Adjusted EBITDA
Depreciation and amortization
77,966 
Restructuring charges, net
68,558 
Interest expense, net
20,968 
Impairment of right-to-use assets
1,629 
Impairment of fixed assets
1,575 
Integration/acquisition costs
14,866 
Income tax provision
50,081 
Net income attributable to noncontrolling interest
3,407 
Net income attributable to Korn Ferry
$169,154 
_______________________________

(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 impairment of right-of use-assets and fixed assets and integration/acquisition costs as they are excluded from Adjusted EBITDA.
(3)Includes reimbursed expenses and other income, net.
Fee revenue attributed to an individual customer or country, other than the U.S. and United Kingdom in fiscal 2026 and 2025, and in the U.S. in fiscal 2024, did not account for more than 10% of the total fee revenue in those fiscal years. Fee revenue classified by country in which the Company derives revenues are as follows:
Year Ended April 30,
202620252024
(in thousands)
U.S.$1,505,506 $1,448,174 $1,507,819 
United Kingdom
386,034 327,036 262,268 
Other countries1,015,929 954,878 992,584 
Total fee revenue$2,907,469 $2,730,088 $2,762,671 
Depreciation and amortization by reportable segments are as follows:
Year Ended April 30,
202620252024
(in thousands)
Consulting
$14,168 $16,134 $16,822 
Digital
54,187 34,954 32,248 
Executive Search:
North America
1,430 1,416 1,774 
EMEA
2,364 1,935 1,726 
Asia Pacific
954 910 904 
Latin America
1,305 964 1,053 
Professional Search & Interim
11,856 12,337 12,950 
RPO
4,258 3,317 2,863 
Corporate
8,322 8,320 7,626 
Total depreciation and amortization
$98,844 $80,287 $77,966 
Other than the U.S. and United Kingdom in fiscal 2026, 2025, and 2024, no single country had over 10% of the total long-lived assets, excluding financial instruments and tax assets. Long-lived assets, excluding financial instruments and tax assets, classified by location of the controlling statutory country are as follows:
Year Ended April 30,
202620252024
(in thousands)
U.S.(1)
$203,538 $177,921 $175,691 
United Kingdom66,703 71,632 64,280 
Other countries92,276 76,769 82,342 
Total long-lived assets$362,517 $326,322 $322,313 
_______________________________
(1)Includes Corporate long-lived assets.

Change in Reportable Segments in Fiscal 2027
Effective May 1, 2026 for the Company's fiscal year 2027, the Company realigned its organizational structure by geography into three reportable segments: (i) The Americas, (ii) EMEA, and (iii) Asia Pacific. The Company will report financial information for these new reporting segments in fiscal 2027. This change in reporting is to occur beginning with periods commencing May 1, 2026.