v3.26.1
Segments
 3 Months Ended
Jul. 31, 2026
Segment Reporting [Abstract]  
Segments Segments
On May 1, 2026, Korn Ferry reassessed and realigned the Company’s organizational reporting structure from a solution-based presentation to a reporting model by geography, with the following three reportable segments: (i) Americas, (ii) EMEA, and (iii) APAC, to better reflect how work is delivered across the firm, align more closely with how clients buy Korn Ferry services, and support the Company's We Are Korn Ferry operating model. Following these changes, the Company reevaluated its segments to reflect certain changes in the financial information regularly reviewed by Company’s chief operating decision maker (“CODM”). As a result, the Company determined that its reportable segments were each of its three geographic regions. Segment results for the prior period have been recast to reflect the change in reportable segments.
Worldwide operations for the Americas, EMEA and APAC are managed by the respective geography Presidents who each report 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 CODM, who evaluates performance and allocates resources based on the review of two key measures on a geographic basis: (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 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 July 31, 2026
AmericasEMEAAPACCorporateConsolidated
(in thousands)
Fee revenue$442,129 $227,670 $86,697 $— $756,496 
Total revenue$447,550 $229,580 $87,492 $— $764,622 
Less significant segment expenses
Compensation and benefits(1)
$258,302 $143,120 $54,148 $21,792 
General and administrative expenses(2)
19,798 18,350 11,200 23,329 
Cost of services51,921 29,066 2,341 — 
Other segment items(3)
1,110 1,764 584 (439)
Segment Adjusted EBITDA116,419 37,280 19,219 (44,682)128,236 
Reconciliation of Segment Adjusted EBITDA
Depreciation and amortization22,195 
Interest expense, net4,342 
Integration/acquisition costs7,554 
Income tax provision24,648 
Net income attributable to noncontrolling interest530 
Net income attributable to Korn Ferry$68,967 
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(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.
(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 as they are excluded from Adjusted EBITDA.
(3)Includes reimbursed expenses and other income, net.
Three Months Ended July 31, 2025
AmericasEMEAAPACCorporateConsolidated
(in thousands)
Fee revenue$404,135 $218,955 $85,523 $— $708,613 
Total revenue$408,462 $220,875 $86,206 $— $715,543 
Less significant segment expenses
Compensation and benefits(1)
$247,771 $139,510 $52,856 $19,766 
General and administrative expenses(2)
19,548 17,579 9,800 16,947 
Cost of services47,411 26,284 3,499 — 
Other segment items(3)
(7,015)1,775 282 (864)
Segment Adjusted EBITDA100,747 35,727 19,769 (35,849)120,394 
Reconciliation of Segment Adjusted EBITDA
Depreciation and amortization22,686 
Interest expense, net3,516 
Integration/acquisition costs1,508 
Income tax provision25,250 
Net income attributable to noncontrolling interest798 
Net income attributable to Korn Ferry$66,636 
___________________
(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.
Depreciation and amortization by reportable segments are as follows:
Three Months Ended July 31,
20262025
(in thousands)
Americas$11,567 $13,190 
EMEA6,431 5,411 
APAC2,103 2,000 
Corporate
2,094 2,085 
Total depreciation and amortization
$22,195 $22,686