| Schedule of Financial Highlights and Depreciation and Amortization By Reportable Segments |
Financial highlights by reportable segments are as follows: | | | | | | | | | | | | | | | | | | | Three Months Ended July 31, 2026 | | Americas | EMEA | APAC | Corporate | Consolidated | | (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 services | 51,921 | | 29,066 | | 2,341 | | — | | | Other segment items(3) | 1,110 | | 1,764 | | 584 | | (439) | | | | Segment Adjusted EBITDA | 116,419 | | 37,280 | | 19,219 | | (44,682) | | 128,236 | | | | | | | | | Reconciliation of Segment Adjusted EBITDA | | | | | | Depreciation and amortization | | | | | 22,195 | | | Interest expense, net | | | | | 4,342 | | | Integration/acquisition costs | | | | | 7,554 | | | Income tax provision | | | | | 24,648 | | | Net income attributable to noncontrolling interest | | | | | 530 | | | Net income attributable to Korn Ferry | | | | | $ | 68,967 | |
___________________ (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 | | Americas | EMEA | APAC | Corporate | Consolidated | | (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 services | 47,411 | | 26,284 | | 3,499 | | — | | | Other segment items(3) | (7,015) | | 1,775 | | 282 | | (864) | | | | Segment Adjusted EBITDA | 100,747 | | 35,727 | | 19,769 | | (35,849) | | 120,394 | | | | | | | | | Reconciliation of Segment Adjusted EBITDA | | | | | | Depreciation and amortization | | | | | 22,686 | | | Interest expense, net | | | | | 3,516 | | | Integration/acquisition costs | | | | | 1,508 | | | Income tax provision | | | | | 25,250 | | | Net income attributable to noncontrolling interest | | | | | 798 | | | 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, | | 2026 | | 2025 | | | | | | (in thousands) | | Americas | $ | 11,567 | | | $ | 13,190 | | | EMEA | 6,431 | | | 5,411 | | | APAC | 2,103 | | | 2,000 | | Corporate | 2,094 | | | 2,085 | | Total depreciation and amortization | $ | 22,195 | | | $ | 22,686 | |
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