v3.26.1
Segments
 12 Months Ended
Apr. 30, 2026
Segment Reporting [Abstract]  
Segments Segments
Beginning in fiscal 2027 Korn Ferry 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. Operating results by segment prior to fiscal 2027 have been recast to conform to the new segment reporting.
Worldwide operations for the Americas, EMEA and APAC are managed by the respective geography President who each 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
AmericasEMEAAPACCorporateConsolidated
(in thousands)
Fee revenue$1,676,978 $897,384 $333,107 $— $2,907,469 
Total revenue$1,696,146 $906,292 $336,203 $— $2,938,641 
Less significant segment expenses
Compensation and benefits(1)
$1,010,976 $564,058 $207,164 $80,387 
General and administrative expenses(2)
77,209 73,797 38,290 72,338 
Cost of services193,025 112,350 13,775 — 
Other segment items(3)
(9,785)8,343 1,730 (2,821)
Segment Adjusted EBITDA424,721 147,744 75,244 (149,904)497,805 
Reconciliation of Segment Adjusted EBITDA
Depreciation and amortization98,844 
Gain on modification of office lease(13,907)
Interest expense, net19,998 
Integration/acquisition costs4,420 
Income tax provision107,630 
Net income attributable to noncontrolling interest3,386 
Net income attributable to Korn Ferry$277,434 
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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. 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
AmericasEMEAAPACCorporateConsolidated
(in thousands)
Fee revenue$1,621,901 $780,987 $327,200 $— $2,730,088 
Total revenue$1,639,302 $791,791 $329,993 $— $2,761,086 
Less significant segment expenses
Compensation and benefits(1)
$960,727 $507,867 $207,614 $71,908 
General and administrative expenses(2)
82,429 70,175 38,856 60,524 
Cost of services201,101 70,891 13,083 — 
Other segment items(3)
1,611 10,361 1,760 (1,687)
Segment Adjusted EBITDA393,434 132,497 68,680 (130,745)463,866 
Reconciliation of Segment Adjusted EBITDA
Depreciation and amortization80,287 
Restructuring charges, net1,892 
Interest expense, net20,363 
Impairment of right-to-use assets2,452 
Impairment of fixed assets509 
Integration/acquisition costs8,837 
Management separation charges4,614 
Income tax provision93,836 
Net income attributable to noncontrolling interest5,014 
Net income attributable to Korn Ferry$246,062 
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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. 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
AmericasEMEAAPACCorporateConsolidated
(in thousands)
Fee revenue$1,680,685 $755,340 $326,646 $— $2,762,671 
Total revenue$1,698,467 $767,088 $329,950 $— $2,795,505 
Less significant segment expenses
Compensation and benefits(1)
$1,032,016 $512,663 $212,824 $72,613 
General and administrative expenses(2)
91,164 67,088 38,365 58,400 
Cost of services245,418 41,767 12,830 — 
Other segment items(3)
(7,522)10,679 1,911 (2,915)
Segment Adjusted EBITDA337,391 134,891 64,020 (128,098)408,204 
Reconciliation of Segment Adjusted EBITDA
Depreciation and amortization77,966 
Restructuring charges, net68,558 
Interest expense, net20,968 
Impairment of right-to-use assets1,629 
Impairment of fixed assets1,575 
Integration/acquisition costs14,866 
Income tax provision50,081 
Net income attributable to noncontrolling interest3,407 
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)
Americas$59,310 $45,739 $46,721 
EMEA
23,404 18,990 15,993 
APAC7,808 7,238 7,626 
Corporate8,322 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 
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(1)Includes Corporate long-lived assets.