Track market-moving stories before they get noisy

Posted by Defense World Staff on Jul 22nd, 2026

Shares of Korn/Ferry International (NYSE:KFY – Get Free Report) have been given an average rating of “Moderate Buy” by the five research firms that are covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $78.50.

KFY has been the subject of a number of recent research reports. Truist Financial lifted their price objective on shares of Korn/Ferry International from $75.00 to $80.00 and gave the company a “buy” rating in a research note on Tuesday, June 9th. Weiss Ratings raised Korn/Ferry International from a “buy (b-)” rating to a “buy (b)” rating in a report on Tuesday, June 23rd. Robert W. Baird lifted their price target on Korn/Ferry International from $84.00 to $85.00 and gave the company an “outperform” rating in a research report on Wednesday, June 24th. Wall Street Zen lowered Korn/Ferry International from a “buy” rating to a “hold” rating in a research note on Saturday, July 4th. Finally, UBS Group increased their price objective on Korn/Ferry International from $70.00 to $75.00 and gave the stock a “neutral” rating in a report on Wednesday, June 24th.

Get Our Latest Stock Analysis on Korn/Ferry International

Korn/Ferry International Price Performance NYSE KFY opened at $78.13 on Friday. The company has a quick ratio of 1.94, a current ratio of 1.94 and a debt-to-equity ratio of 0.20. The company has a market cap of $3.97 billion, a PE ratio of 14.91 and a beta of 1.21. Korn/Ferry International has a 52 week low of $58.95 and a 52 week high of $79.97. The firm’s 50-day simple moving average is $70.88 and its two-hundred day simple moving average is $66.91.

Korn/Ferry International (NYSE:KFY – Get Free Report) last posted its earnings results on Tuesday, June 23rd. The business services provider reported $1.40 earnings per share for the quarter, topping the consensus estimate of $1.37 by $0.03. The firm had revenue of $768.26 million during the quarter, compared to the consensus estimate of $743.35 million. Korn/Ferry International had a net margin of 9.44% and a return on equity of 14.34%. The company’s revenue was up 6.7% on a year-over-year basis. During the same quarter last year, the company earned $1.32 earnings per share. Korn/Ferry International has set its Q1 2027 guidance at 1.320-1.380 EPS. Research analysts predict that Korn/Ferry International will post 5.75 earnings per share for the current year.

Korn/Ferry International Announces Dividend The company also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Monday, July 6th will be issued a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date of this dividend is Monday, July 6th. Korn/Ferry International’s dividend payout ratio is presently 41.98%.

Institutional Trading of Korn/Ferry International A number of hedge funds and other institutional investors have recently bought and sold shares of KFY. Russell Investments Group Ltd. raised its position in shares of Korn/Ferry International by 0.5% in the 4th quarter. Russell Investments Group Ltd. now owns 31,860 shares of the business services provider’s stock worth $2,103,000 after acquiring an additional 167 shares in the last quarter. PNC Financial Services Group Inc. boosted its position in shares of Korn/Ferry International by 3.3% during the fourth quarter. PNC Financial Services Group Inc. now owns 5,583 shares of the business services provider’s stock valued at $369,000 after purchasing an additional 178 shares in the last quarter. Vise Technologies Inc. boosted its position in shares of Korn/Ferry International by 2.9% during the third quarter. Vise Technologies Inc. now owns 6,378 shares of the business services provider’s stock valued at $446,000 after purchasing an additional 179 shares in the last quarter. Illinois Municipal Retirement Fund grew its stake in Korn/Ferry International by 0.7% in the fourth quarter. Illinois Municipal Retirement Fund now owns 27,555 shares of the business services provider’s stock worth $1,819,000 after purchasing an additional 181 shares during the period. Finally, Oregon Public Employees Retirement Fund raised its holdings in Korn/Ferry International by 1.7% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 12,013 shares of the business services provider’s stock worth $793,000 after purchasing an additional 200 shares in the last quarter. Institutional investors own 98.82% of the company’s stock.

About Korn/Ferry International (Get Free Report)

Korn Ferry International is a global organizational consulting firm that partners with clients to design optimal structures, roles and responsibilities. The company’s core offerings include executive search, talent acquisition, leadership development and succession planning. By blending deep industry expertise with data-driven insights, Korn Ferry helps organizations identify, assess and develop executives and high-potential talent for critical roles.

Since its founding in 1969 and with headquarters in Los Angeles, Korn Ferry has expanded its presence to more than 50 offices across North America, Europe, Asia Pacific and Latin America.

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Posted by Defense World Staff on Jul 18th, 2026

Allspring Global Investments Holdings LLC reduced its holdings in Korn/Ferry International (NYSE:KFY – Free Report) by 7.5% during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,276,458 shares of the business services provider’s stock after selling 103,429 shares during the quarter. Allspring Global Investments Holdings LLC owned 2.46% of Korn/Ferry International worth $79,996,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of KFY. IFP Advisors Inc boosted its stake in Korn/Ferry International by 69.4% in the fourth quarter. IFP Advisors Inc now owns 503 shares of the business services provider’s stock worth $33,000 after buying an additional 206 shares in the last quarter. Clearstead Advisors LLC grew its holdings in shares of Korn/Ferry International by 30,350.0% during the 4th quarter. Clearstead Advisors LLC now owns 609 shares of the business services provider’s stock valued at $40,000 after purchasing an additional 607 shares during the last quarter. Kestra Investment Management LLC raised its position in Korn/Ferry International by 71.8% in the 2nd quarter. Kestra Investment Management LLC now owns 579 shares of the business services provider’s stock worth $42,000 after purchasing an additional 242 shares during the period. Canada Pension Plan Investment Board lifted its stake in Korn/Ferry International by 200.0% in the second quarter. Canada Pension Plan Investment Board now owns 600 shares of the business services provider’s stock worth $44,000 after purchasing an additional 400 shares during the last quarter. Finally, Torren Management LLC bought a new stake in Korn/Ferry International in the fourth quarter worth $52,000. Institutional investors own 98.82% of the company’s stock.

Analysts Set New Price Targets A number of equities research analysts have recently weighed in on KFY shares. Robert W. Baird boosted their target price on Korn/Ferry International from $84.00 to $85.00 and gave the company an “outperform” rating in a research note on Wednesday, June 24th. Wall Street Zen cut Korn/Ferry International from a “buy” rating to a “hold” rating in a research note on Saturday, July 4th. UBS Group raised their target price on shares of Korn/Ferry International from $70.00 to $75.00 and gave the stock a “neutral” rating in a report on Wednesday, June 24th. Truist Financial lifted their target price on shares of Korn/Ferry International from $75.00 to $80.00 and gave the stock a “buy” rating in a research note on Tuesday, June 9th. Finally, Weiss Ratings upgraded shares of Korn/Ferry International from a “buy (b-)” rating to a “buy (b)” rating in a report on Tuesday, June 23rd. Four equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $78.50.

View Our Latest Stock Analysis on Korn/Ferry International

Korn/Ferry International Price Performance Shares of KFY opened at $78.57 on Friday. The firm has a fifty day simple moving average of $70.41 and a two-hundred day simple moving average of $66.75. The firm has a market cap of $4.00 billion, a PE ratio of 14.99 and a beta of 1.21. The company has a current ratio of 1.94, a quick ratio of 1.94 and a debt-to-equity ratio of 0.20. Korn/Ferry International has a 1-year low of $58.95 and a 1-year high of $79.97.

Korn/Ferry International (NYSE:KFY – Get Free Report) last posted its quarterly earnings data on Tuesday, June 23rd. The business services provider reported $1.40 EPS for the quarter, beating analysts’ consensus estimates of $1.37 by $0.03. Korn/Ferry International had a return on equity of 14.34% and a net margin of 9.44%.The company had revenue of $768.26 million during the quarter, compared to analysts’ expectations of $743.35 million. During the same quarter in the prior year, the business earned $1.32 earnings per share. Korn/Ferry International’s revenue for the quarter was up 6.7% compared to the same quarter last year. Korn/Ferry International has set its Q1 2027 guidance at 1.320-1.380 EPS. On average, equities analysts anticipate that Korn/Ferry International will post 5.75 EPS for the current year.

Korn/Ferry International Announces Dividend The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Monday, July 6th will be given a dividend of $0.55 per share. The ex-dividend date of this dividend is Monday, July 6th. This represents a $2.20 dividend on an annualized basis and a dividend yield of 2.8%. Korn/Ferry International’s payout ratio is presently 41.98%.

Korn/Ferry International Profile (Free Report)

Korn Ferry International is a global organizational consulting firm that partners with clients to design optimal structures, roles and responsibilities. The company’s core offerings include executive search, talent acquisition, leadership development and succession planning. By blending deep industry expertise with data-driven insights, Korn Ferry helps organizations identify, assess and develop executives and high-potential talent for critical roles.

Since its founding in 1969 and with headquarters in Los Angeles, Korn Ferry has expanded its presence to more than 50 offices across North America, Europe, Asia Pacific and Latin America.

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Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Considering these trends, value investing is clearly one of the most preferred ways to find strong stocks in any type of market. Value investors rely on traditional forms of analysis on key valuation metrics to find stocks that they believe are undervalued, leaving room for profits.

Zacks has developed the innovative Style Scores system to highlight stocks with specific traits. For example, value investors will be interested in stocks with great grades in the "Value" category. When paired with a high Zacks Rank, "A" grades in the Value category are among the strongest value stocks on the market today.

One company value investors might notice is KornFerry International (KFY - Free Report) . KFY is currently sporting a Zacks Rank #2 (Buy) and an A for Value. The stock holds a P/E ratio of 13.53, while its industry has an average P/E of 15.76. KFY's Forward P/E has been as high as 15.62 and as low as 11.30, with a median of 13.71, all within the past year.

Finally, investors will want to recognize that KFY has a P/CF ratio of 11.47. This metric focuses on a firm's operating cash flow and is often used to find stocks that are undervalued based on the strength of their cash outlook. This company's current P/CF looks solid when compared to its industry's average P/CF of 22.60. Within the past 12 months, KFY's P/CF has been as high as 15.12 and as low as 9.53, with a median of 11.34.

Value investors will likely look at more than just these metrics, but the above data helps show that KornFerry International is likely undervalued currently. And when considering the strength of its earnings outlook, KFY sticks out as one of the market's strongest value stocks.

The Business Services group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Korn/Ferry (KFY - Free Report) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? Let's take a closer look at the stock's year-to-date performance to find out.

Korn/Ferry is one of 247 individual stocks in the Business Services sector. Collectively, these companies sit at #6 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst.

The Zacks Rank is a proven model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. Korn/Ferry is currently sporting a Zacks Rank of #2 (Buy).

Within the past quarter, the Zacks Consensus Estimate for KFY's full-year earnings has moved 0.9% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.

Based on the latest available data, KFY has gained about 10.8% so far this year. Meanwhile, the Business Services sector has returned an average of -8.5% on a year-to-date basis. This shows that Korn/Ferry is outperforming its peers so far this year.

Another stock in the Business Services sector, Everpure (P - Free Report) , has outperformed the sector so far this year. The stock's year-to-date return is 18.4%.

For Everpure, the consensus EPS estimate for the current year has increased 27.8% over the past three months. The stock currently has a Zacks Rank #2 (Buy).

Looking more specifically, Korn/Ferry belongs to the Staffing Firms industry, which includes 13 individual stocks and currently sits at #212 in the Zacks Industry Rank. Stocks in this group have gained about 28.2% so far this year, so KFY is slightly underperforming its industry this group in terms of year-to-date returns.

Everpure, however, belongs to the Technology Services industry. Currently, this 121-stock industry is ranked #109. The industry has moved -0.4% so far this year.

Going forward, investors interested in Business Services stocks should continue to pay close attention to Korn/Ferry and Everpure as they could maintain their solid performance.

Q4: 2026-06-23 Earnings SummaryEPS of $1.40 beats by $0.02

 |

Revenue of

$759.77M

(6.70% Y/Y)

beats by $14.62M

Korn Ferry (KFY) M&A Call June 29, 2026 8:30 AM EDT

Company Participants

Gary Burnison - President, CEO & Executive Director
Robert Rozek - Executive VP, CFO & Chief Corporate Officer
Brian Suh - Senior Vice President of Corporate Development

Conference Call Participants

Trevor Romeo
Mark Marcon - Robert W. Baird & Co. Incorporated, Research Division
Brianna Kamdoum - UBS Investment Bank, Research Division
Tobey Sommer - Truist Securities, Inc., Research Division

Presentation

Operator

Welcome to the conference call to discuss the proposed acquisition of AMS. [Operator Instructions] As a reminder, this conference call is being recorded for replay purposes.

Before I turn the call over to your host, Mr. Gary Burnison, let me first read a cautionary statement to investors. Certain statements made in the call today, such as those related to the USD converted purchase price, the number of shares Korn Ferry stock to be issued in the transaction, the timing of consummation of the transaction, the expected benefits of the transaction including the global leadership position of the combined company, the combined company's expanded capabilities, transaction, synergies, future financial and operating results and the combined company's plans, objectives and expectations constitute forward-looking statements within the meeting of the Private Securities Litigation Reform Act of 1995.

Although the company believes the expectations reflected in such forward-looking statements are based on reasonable assumptions, investors are cautioned not to place under due reliance on such statements. Such statements are subject to significant risks and uncertainties including the inability to timely complete or complete at all the transaction, the inability to realize the anticipated benefits of the transaction, which may be affected by, among other things, economic conditions and the ability of Korn Ferry and AMS prior to the closing and the combined company following the closing to maintain relationships with the clients and suppliers and retain key employees.

-

LOS ANGELES--(BUSINESS WIRE)--Korn Ferry (NYSE: KFY) will host an investor call starting at 8:30 a.m. EDT today to discuss the acquisition of AMS. The conference call will be accessible through live webcast. Interested investors and other individuals can access the live audio webcast here or through the company’s homepage www.kornferry.com under Investor Relations, News & Events. A replay of the webcast will be archived on the company’s Investor Relations website and is expected to be available after 10:30 a.m. EDT on Monday, June 29, 2026 through 10:30 a.m. EDT Wednesday, July 29, 2026.

Please contact Investor Relations by email: [email protected] with any questions.

About Korn Ferry

Korn Ferry is a global consulting firm that powers performance. We unlock the potential in your people and unleash transformation across your business—synchronizing strategy, operations, and talent to accelerate performance, fuel growth, and inspire a legacy of change. That’s why the world’s most forward-thinking companies across every major industry turn to us—for a shared commitment to lasting impact and the bold ambition to Be More Than.

As the Official Talent & Organizational Consulting Partner of LA28, Korn Ferry is powering the nearly 5,000 people who power the Olympic Games—bringing in the right talent, building strong leaders, and shaping the structure and culture that will deliver an unforgettable experience for the world.

More News From Korn Ferry

Back to Newsroom

Korn/Ferry (KFY - Free Report) appears an attractive pick, as it has been recently upgraded to a Zacks Rank #2 (Buy). This rating change essentially reflects an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.

The Zacks rating relies solely on a company's changing earnings picture. It tracks EPS estimates for the current and following years from the sell-side analysts covering the stock through a consensus measure -- the Zacks Consensus Estimate.

Individual investors often find it hard to make decisions based on rating upgrades by Wall Street analysts, since these are mostly driven by subjective factors that are hard to see and measure in real time. In these situations, the Zacks rating system comes in handy because of the power of a changing earnings picture in determining near-term stock price movements.

As such, the Zacks rating upgrade for Korn/Ferry is essentially a positive comment on its earnings outlook that could have a favorable impact on its stock price.

Most Powerful Force Impacting Stock PricesThe change in a company's future earnings potential, as reflected in earnings estimate revisions, and the near-term price movement of its stock are proven to be strongly correlated. The influence of institutional investors has a partial contribution to this relationship, as these big professionals use earnings and earnings estimates to calculate the fair value of a company's shares. An increase or decrease in earnings estimates in their valuation models simply results in higher or lower fair value for a stock, and institutional investors typically buy or sell it. Their bulk investment action then leads to price movement for the stock.

For Korn/Ferry, rising earnings estimates and the consequent rating upgrade fundamentally mean an improvement in the company's underlying business. And investors' appreciation of this improving business trend should push the stock higher.

Harnessing the Power of Earnings Estimate RevisionsAs empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock movements, tracking such revisions for making an investment decision could be truly rewarding. Here is where the tried-and-tested Zacks Rank stock-rating system plays an important role, as it effectively harnesses the power of earnings estimate revisions.

The Zacks Rank stock-rating system, which uses four factors related to earnings estimates to classify stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), has an impressive externally-audited track record, with Zacks Rank #1 stocks generating an average annual return of +25% since 1988. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here >>>> .

Earnings Estimate Revisions for Korn/FerryFor the fiscal year ending April 2027, this staffing company is expected to earn $5.75 per share, which is unchanged compared with the year-ago reported number.

Analysts have been steadily raising their estimates for Korn/Ferry. Over the past three months, the Zacks Consensus Estimate for the company has increased 0.9%.

Bottom LineUnlike the overly optimistic Wall Street analysts whose rating systems tend to be weighted toward favorable recommendations, the Zacks rating system maintains an equal proportion of "buy" and "sell" ratings for its entire universe of more than 4,000 stocks at any point in time. Irrespective of market conditions, only the top 5% of the Zacks-covered stocks get a "Strong Buy" rating and the next 15% get a "Buy" rating. So, the placement of a stock in the top 20% of the Zacks-covered stocks indicates its superior earnings estimate revision feature, making it a solid candidate for producing market-beating returns in the near term.

You can learn more about the Zacks Rank here >>>

The upgrade of Korn/Ferry to a Zacks Rank #2 positions it in the top 20% of the Zacks-covered stocks in terms of estimate revisions, implying that the stock might move higher in the near term.

For those looking to find strong Business Services stocks, it is prudent to search for companies in the group that are outperforming their peers. Korn/Ferry (KFY - Free Report) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? By taking a look at the stock's year-to-date performance in comparison to its Business Services peers, we might be able to answer that question.

Korn/Ferry is one of 234 individual stocks in the Business Services sector. Collectively, these companies sit at #7 in the Zacks Sector Rank. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups.

The Zacks Rank emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track to beat the market over the next one to three months. Korn/Ferry is currently sporting a Zacks Rank of #2 (Buy).

Over the past three months, the Zacks Consensus Estimate for KFY's full-year earnings has moved 0.9% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.

Based on the most recent data, KFY has returned 6.9% so far this year. Meanwhile, the Business Services sector has returned an average of -12.4% on a year-to-date basis. This means that Korn/Ferry is performing better than its sector in terms of year-to-date returns.

Another stock in the Business Services sector, Priority Technology (PRTH - Free Report) , has outperformed the sector so far this year. The stock's year-to-date return is 28.6%.

In Priority Technology's case, the consensus EPS estimate for the current year increased 6% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).

To break things down more, Korn/Ferry belongs to the Staffing Firms industry, a group that includes 14 individual companies and currently sits at #211 in the Zacks Industry Rank. On average, stocks in this group have gained 16.1% this year, meaning that KFY is slightly underperforming its industry in terms of year-to-date returns.

Priority Technology, however, belongs to the Technology Services industry. Currently, this 112-stock industry is ranked #157. The industry has moved -5.6% so far this year.

Investors interested in the Business Services sector may want to keep a close eye on Korn/Ferry and Priority Technology as they attempt to continue their solid performance.

LOS ANGELES--(BUSINESS WIRE)--Korn Ferry (NYSE: KFY), a global consulting firm, today announced fourth quarter and annual fee revenue of $759.8 million and $2.9 billion, respectively. In addition, fourth quarter diluted earnings per share was $1.39 and adjusted diluted earnings per share was $1.40, while full year diluted earnings per share was $5.22 and adjusted diluted earnings per share was $5.28.

“I am very pleased with our quarterly performance. This marks our fifth consecutive quarter of top-line growth, underscoring the strength of our strategy and the increasing relevance of our solutions – all amid an uneven economic environment,” said Gary D. Burnison, CEO, Korn Ferry. “In addition to increased momentum across our broader offerings, I am particularly encouraged by double-digit growth in Professional Search & Interim, reflecting the depth and breadth of our solutions.

“As we conclude another fiscal year, I have never been more excited about the potential for Korn Ferry, the impact we have on clients and our We Are Korn Ferry mindset that is furthering collaboration across our firm. I am incredibly proud of our colleagues around the world. Their expertise and passion are the catalyst as we unlock potential in people and unleash transformation across organizations.”

Selected Financial Results

(dollars in millions, except per share amounts) (a)

  Fourth Quarter

Year to Date

FY’26

FY’25

FY’26

FY’25

Fee revenue

$

759.8

$

712.0

$

2,907.5

$

2,730.1

Total revenue

$

768.3

$

719.8

$

2,938.6

$

2,761.1

Estimated remaining fees under existing contracts (b)

$

1,883.0

$

1,709.6

$

1,883.0

$

1,709.6

Net income attributable to Korn Ferry

$

73.1

$

64.2

$

277.4

$

246.1

Net income attributable to Korn Ferry margin

9.6

%

9.0

%

9.5

%

9.0

%

Basic earnings per share

$

1.42

$

1.23

$

5.33

$

4.69

Diluted earnings per share

$

1.39

$

1.21

$

5.22

$

4.60

Adjusted Results (c):

Fourth Quarter

Year to Date

FY’26

FY’25

FY’26

FY’25

Adjusted EBITDA

$

129.5

$

121.1

$

497.8

$

463.9

Adjusted EBITDA margin

17.0

%

17.0

%

17.1

%

17.0

%

Adjusted net income attributable to Korn Ferry (d)

$

73.5

$

70.1

$

280.9

$

261.2

Adjusted basic earnings per share (d)

$

1.43

$

1.34

$

5.40

$

4.98

Adjusted diluted earnings per share (d)

$

1.40

$

1.32

$

5.28

$

4.88

Fourth Quarter

Year to Date

FY’26

FY’25

FY’26

FY’25

Management separation charges are contractual
obligations due upon executive's death

$

—

$

4.6

$

—

$

4.6

Integration/acquisition costs

$

—

$

1.7

$

4.4

$

8.8

Restructuring charges, net

$

—

$

—

$

—

$

1.9

Impairment of fixed assets

$

—

$

—

$

—

$

0.5

Impairment of right-of-use assets

$

—

$

—

$

—

$

2.5

Gain on modification of office lease

$

—

$

—

$

(13.9

)

$

—

Fourth Quarter

Year to Date

FY’26

FY’25

FY’26

FY’25

Accelerated depreciation on Digital platform

$

—

$

—

$

13.8

$

—

Tax effect on the adjusted items

$

0.4

$

(0.5

)

$

(0.9

)

$

(3.2

)

Fiscal 2026 Fourth Quarter Results

The Company reported fee revenue in Q4 FY'26 of $759.8 million, an increase of 7% year-over-year (up 5.0% at constant currency), led by Professional Search & Interim up 14%, followed by Executive Search and Consulting, both up 7% and RPO up 5%.

Net income attributable to Korn Ferry was $73.1 million with a margin of 9.6% in Q4 FY'26, compared to Q4 FY'25 net income attributable to Korn Ferry of $64.2 million with a margin of 9.0%, an increase of 60bps. Adjusted EBITDA was $129.5 million in Q4 FY'26 compared to $121.1 million in Q4 FY'25. Adjusted EBITDA margin was 17.0% in both Q4 FY'26 and Q4 FY'25. Increases in net income attributable to Korn Ferry and margin, as well as Adjusted EBITDA, were primarily due to an increase in fee revenue, partially offset by increases in compensation and benefits expenses and costs of services.

Fiscal 2026 Full Year Results

The Company reported fee revenue in FY'26 of $2,907.5 million, an increase of 7% year-over-year (up 5% at constant currency), led by Professional Search & Interim up 11%, Executive Search up 9%, and Consulting and RPO, both up approximately 4%.

Net income attributable to Korn Ferry was $277.4 million with a margin of 9.5% in FY'26, compared to net income attributable to Korn Ferry of $246.1 million with a margin of 9.0% in FY'25, an increase of 50bps. Adjusted EBITDA was $497.8 million in FY'26 compared to $463.9 million in FY'25. Adjusted EBITDA margin was 17.1% in FY'26, essentially flat compared to the year-ago period. Increases in net income attributable to Korn Ferry and margin, as well as Adjusted EBITDA, were primarily due to an increase in fee revenue, partially offset by increases in compensation and benefits expenses and cost of services.

Results by Solution

Selected Consulting Data

(dollars in millions) (a)

  Fourth Quarter

Year to Date

FY’26

FY’25

FY’26

FY’25

Fee revenue

$

181.9

$

169.4

$

691.7

$

662.7

Total revenue

$

185.3

$

172.5

$

704.1

$

674.1

Estimated remaining fees under existing contracts (b)

$

390.1

$

367.7

$

390.1

$

367.7

Ending number of consultants and execution staff (c)

1,522

1,599

1,522

1,599

Hours worked in thousands (d)

366

373

1,426

1,510

Average bill rate (e)

$

442

$

413

$

458

$

439

Adjusted Results (f):

Fourth Quarter

Year to Date

FY’26

FY’25

FY’26

FY’25

Adjusted EBITDA

$

30.9

$

29.1

$

118.4

$

115.5

Adjusted EBITDA margin

17.0

%

17.2

%

17.1

%

17.4

%

____________________ (a)

Numbers may not total due to rounding.

(b)

Estimated fee revenue associated with signed contracts for which revenue has not yet been recognized.

(c)

Represents number of employees originating, delivering and executing consulting services.

(d)

The number of hours worked by consultant and execution staff during the period.

(e)

The amount of fee revenue divided by the number of hours worked by consultants and execution staff.

(f)

Adjusted results exclude the following:

Fourth Quarter

Year to Date

FY’26

FY’25

FY’26

FY’25

Management separation charges (g)

$

—

$

4.6

$

—

$

4.6

Restructuring charges, net

$

—

$

—

$

—

$

1.7

Gain on modification of office lease

$

—

$

—

$

(4.1

)

$

—

Fee revenue was $181.9 million in Q4 FY'26 compared to $169.4 million in Q4 FY'25, an increase of $12.5 million or 7% (up 5% on a constant currency basis). The year-over-year increase in Consulting fee revenue was primarily driven by higher fee revenue in leadership development, assessment & succession and organizational strategy offerings.

Adjusted EBITDA was $30.9 million in Q4 FY'26 compared to $29.1 million in the year-ago quarter. Adjusted EBITDA margin was 17.0% in Q4 FY'26, essentially flat compared to the year-ago quarter. The increase in Adjusted EBITDA was primarily from higher fee revenue, partially offset by an increase in compensation and benefits expenses.

Selected Digital Data

(dollars in millions) (a)

  Fourth Quarter

Year to Date

FY’26

FY’25

FY’26

FY’25

Fee revenue

$

89.3

$

91.6

$

363.5

$

363.5

Total revenue

$

89.7

$

91.6

$

364.4

$

363.7

Estimated remaining fees under existing contracts (b)

$

416.9

$

392.6

$

416.9

$

392.6

Ending number of consultants

233

244

233

244

Subscription & License fee revenue

$

38.0

$

34.5

$

148.6

$

137.7

Adjusted Results (c):

Fourth Quarter

Year to Date

FY’26

FY’25

FY’26

FY’25

Adjusted EBITDA

$

27.7

$

28.5

$

113.1

$

112.7

Adjusted EBITDA margin

31.0

%

31.1

%

31.1

%

31.0

%

Fourth Quarter

Year to Date

FY’26

FY’25

FY’26

FY’25

Impairment of fixed assets

$

—

$

—

$

—

$

0.4

Gain on modification of office lease

$

—

$

—

$

(2.0

)

$

—

Fee revenue was $89.3 million in Q4 FY'26 compared to $91.6 million in Q4 FY'25, a decrease of $2.3 million or 3% (down 6% on a constant currency basis).

Adjusted EBITDA was $27.7 million in Q4 FY'26, compared to $28.5 million in the year-ago quarter. Adjusted EBITDA margin was 31.0%, relatively unchanged from the year-ago quarter.

Selected Executive Search Data(a)

(dollars in millions) (b)

  Fourth Quarter

Year to Date

FY’26

FY’25

FY’26

FY’25

Fee revenue

$

242.0

$

227.0

$

924.1

$

846.2

Total revenue

$

244.1

$

229.1

$

932.1

$

854.1

Estimated remaining fees under existing contracts (c)

$

73.2

$

69.6

$

73.2

$

69.6

Ending number of consultants

566

560

566

560

Average number of consultants

565

560

563

551

Engagements billed

3,794

3,827

9,511

9,151

New engagements (d)

1,712

1,738

6,514

6,325

Adjusted Results (e):

Fourth Quarter

Year to Date

FY’26

FY’25

FY’26

FY’25

Adjusted EBITDA

$

64.0

$

54.2

$

237.4

$

206.2

Adjusted EBITDA margin

26.4

%

23.9

%

25.7

%

24.4

%

____________________ (a)

Executive Search is the sum of the individual Executive Search Reporting Segments described in our annual and quarterly reporting on Forms 10-K and 10-Q and is presented on a consolidated basis as it is consistent with the Company’s discussion of its Solutions, and financial metrics used by the Company’s investor base.

(b)

Numbers may not total due to rounding.

(c)

Estimated fee revenue associated with signed contracts for which revenue has not yet been recognized.

(d)

Represents new engagements opened in the respective period.

(e)

Executive Search Adjusted EBITDA and Adjusted EBITDA margin are non-GAAP financial measures that adjust for the following:

Fourth Quarter

Year to Date

FY’26

FY’25

FY’26

FY’25

Impairment of right-of-use assets

$

—

$

—

$

—

$

2.5

Impairment of fixed assets

$

—

$

—

$

—

$

0.2

Gain on modification of office lease

$

—

$

—

$

(3.7

)

$

—

Restructuring charges, net

$

—

$

—

$

—

$

0.2

Fee revenue was $242.0 million in Q4 FY'26 compared to $227.0 million in Q4 FY'25, an increase of $15.0 million or 7% (up 5% at constant currency). The year-over-year increase in fee revenue was driven by an increase in the weighted-average fees billed per engagement, resulting from more search work at higher levels. The Company experienced fee revenue growth in all regions.

Adjusted EBITDA was $64.0 million in Q4 FY'26 compared to $54.2 million in the year-ago quarter, an increase of $9.8 million or 18% year-over-year. Adjusted EBITDA margin was 26.4%, compared to 23.9% in the year-ago quarter. The increase in Adjusted EBITDA and Adjusted EBITDA margin was primarily due to an increase in fee revenue combined with lower general and administrative expenses, partially offset by an increase in compensation and benefits expenses.

Selected Professional Search & Interim Data

(dollars in millions) (a)

  Fourth Quarter

Year to Date

FY’26

FY’25

FY’26

FY’25

Fee revenue

$

149.1

$

130.7

$

561.1

$

503.5

Total revenue

$

150.4

$

131.7

$

566.3

$

507.2

Permanent Placement:

Fee revenue

$

59.8

$

50.9

$

222.4

$

203.8

Estimated remaining fees under existing contracts (b)

$

16.5

$

14.1

$

16.5

$

14.1

Engagements billed

1,784

1,829

4,835

4,830

New engagements (c)

1,034

1,009

3,902

3,811

Ending number of consultants

290

309

290

309

Interim:

Fee revenue

$

89.3

$

79.8

$

338.7

$

299.7

Estimated remaining fees under existing contracts (b)

$

144.1

$

107.6

$

144.1

$

107.6

Average bill rate (d)

$

151

$

131

$

145

$

133

Average weekly billable consultants (e)

1,234

1,301

1,237

1,168

Adjusted Results (f):

Fourth Quarter

Year to Date

FY’26

FY’25

FY’26

FY’25

Adjusted EBITDA

$

33.9

$

27.4

$

121.2

$

107.6

Adjusted EBITDA margin

22.7

%

21.0

%

21.6

%

21.4

%

____________________ (a)

Numbers may not total due to rounding.

(b)

Estimated fee revenue associated with signed contracts for which revenue has not yet been recognized.

(c)

Represents new engagements opened in the respective period.

(d)

Fee revenue from interim divided by the number of hours worked by consultants.

(e)

The number of billable consultants based on a weekly average in the respective period.

(f)

Adjusted results exclude the following:

Fourth Quarter

Year to Date

FY’26

FY’25

FY’26

FY’25

Integration/acquisition costs

$

—

$

1.6

$

4.4

$

6.0

Gain on modification of office lease

$

—

$

—

$

(2.6

)

$

—

Fee revenue was $149.1 million in Q4 FY'26 compared to $130.7 million in Q4 FY'25, an increase of $18.4 million or 14% (up 12% at constant currency). Fee revenue increased due to higher fee revenues in both Permanent Placement and Interim. The year-over-year increase in Interim fee revenue was primarily due to a 15% increase in average bill rate. The year-over-year increase in Permanent Placement fee revenue was driven by an increase in the weighted-average fee billed per engagement.

Adjusted EBITDA was $33.9 million in Q4 FY'26 compared to $27.4 million in the year-ago quarter. Adjusted EBITDA margin was 22.7% in Q4 FY'26 compared to 21.0% in the year-ago quarter. The increase in Adjusted EBITDA and Adjusted EBITDA margin was due to an increase in fee revenue, partially offset by increases in compensation and benefits expenses and cost of services.

Selected Recruitment Process Outsourcing ("RPO") Data

(dollars in millions) (a)

  Fourth Quarter

Year to Date

FY’26

FY’25

FY’26

FY’25

Fee revenue

$

97.6

$

93.3

$

367.1

$

354.1

Total revenue

$

98.7

$

94.8

$

371.8

$

362.0

Estimated remaining fees under existing contracts (b)

$

842.2

$

758.0

$

842.2

$

758.0

RPO new business (c)

$

137.2

$

118.8

$

543.9

$

533.4

Adjusted Results (d):

Fourth Quarter

Year to Date

FY’26

FY’25

FY’26

FY’25

Adjusted EBITDA

$

15.5

$

14.5

$

57.7

$

52.6

Adjusted EBITDA margin

15.8

%

15.5

%

15.7

%

14.9

%

Fourth Quarter

Year to Date

FY’26

FY’25

FY’26

FY’25

Gain on modification of office lease

$

—

$

—

$

(1.5

)

$

—

Fee revenue was $97.6 million in Q4 FY'26 compared to $93.3 million in Q4 FY'25, an increase of $4.3 million or 5% (up 3% at constant currency). RPO fee revenue increased primarily due to new logo client wins in North America.

Adjusted EBITDA was $15.5 million in Q4 FY'26 compared to $14.5 million in the year-ago quarter. Adjusted EBITDA margin was 15.8% in Q4 FY'26, compared to 15.5% in Q4 FY'25.

Outlook

Assuming no material negative impact from the recent Middle East conflict and that other worldwide geopolitical conditions, economic conditions, financial markets and foreign exchange rates remain steady, on a consolidated basis:

Q1 FY’27 fee revenue is expected to be in the range of $725 million and $745 million; and Q1 FY’27 diluted earnings per share is expected to range between $1.32 to $1.38. Earnings Conference Call Webcast

The earnings conference call will be held today at 12:00 PM (EDT) and hosted by CEO Gary Burnison, CFO Robert Rozek, SVP Business Development & Analytics Gregg Kvochak and VP Investor Relations Tiffany Louder. The conference call will be webcast and available online at ir.kornferry.com. We will also post to the investor relations section of our website earnings slides, which will accompany our webcast, and other important information, and encourage you to review the information that we make available on our website.

About Korn Ferry

Korn Ferry is a global consulting firm that powers performance. We unlock the potential in your people and unleash transformation across your business—synchronizing strategy, operations, and talent to accelerate performance, fuel growth, and inspire a legacy of change. That’s why the world’s most forward-thinking companies across every major industry turn to us—for a shared commitment to lasting impact and the bold ambition to Be More Than.

Forward-Looking Statements

Statements in this press release and our conference call that relate to our outlook, projections, goals, strategies, future plans and expectations, including statements relating to expected labor market conditions, expected demand for and relevance of our products and services, expected results of our business diversification strategy, impact of global events on our business, and other statements of future events or conditions are forward-looking statements that involve a number of risks and uncertainties. Words such as “believes”, “expects”, “anticipates”, “goals”, “estimates”, “guidance”, “may”, “should”, “could”, “will” or “likely”, and variations of such words and similar expressions are intended to identify such forward-looking statements. Readers are cautioned not to place undue reliance on such statements. Such statements are based on current expectations; actual results in future periods may differ materially from those currently expected or desired because of a number of risks and uncertainties that are beyond the control of Korn Ferry. The potential risks and uncertainties include those relating to global and local political and or economic developments in or affecting countries where we have operations, such as inflation, trade wars, interest rates, labor market conditions, global slowdowns, or recessions, competition, geopolitical tensions, including the recent Middle East conflict, shifts in global trade patterns, changes in demand for our services as a result of automation, dependence on and costs of attracting and retaining qualified and experienced consultants, impact of inflationary pressures on our profitability, our ability to maintain relationships with customers and suppliers and retaining key employees, maintaining our brand name and professional reputation, potential legal liability and regulatory developments, portability of client relationships, consolidation of or within the industries we serve, changes and developments in government laws and regulations, evolving investor and customer expectations with regard to corporate responsibility matters, currency fluctuations in our international operations, risks related to growth, alignment of our cost structure, including as a result of recent workforce, real estate, and other restructuring initiatives, restrictions imposed by off-limits agreements, reliance on information processing systems, cyber security vulnerabilities or events, changes to data security, data privacy, and data protection laws, dependence on third parties for the execution of critical functions, limited protection of our intellectual property, our ability to enhance, develop and respond to new technology, including artificial intelligence, our ability to successfully recover from a disaster or other business continuity problems, employment liability risk, an impairment in the carrying value of goodwill and other intangible assets, treaties, or regulations on our business and our Company, deferred tax assets that we may not be able to use, our ability to develop new products and services, changes in our accounting estimates and assumptions, the utilization and billing rates of our consultants, seasonality, the use of social media platforms, the ability to effect acquisitions and integrate acquired businesses, resulting organizational changes, our indebtedness, and those relating to the ultimate magnitude and duration of any pandemic or outbreaks. For a detailed description of risks and uncertainties that could cause differences from our expectations, please refer to Korn Ferry’s periodic filings with the Securities and Exchange Commission. Korn Ferry disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

Use of Non-GAAP Financial Measures

This press release contains financial information calculated other than in accordance with U.S. Generally Accepted Accounting Principles (“GAAP”). In particular, it includes:

Adjusted net income attributable to Korn Ferry, adjusted to exclude accelerated depreciation on our Digital platform, management separation charges, integration/acquisition costs, restructuring charges, impairment of fixed assets, impairment of right-of-use assets and gain on modification of an office lease, net of income tax effect; Adjusted basic and diluted earnings per share, adjusted to exclude cost associated with accelerated depreciation on our Digital platform, management separation charges, integration/acquisition costs, restructuring charges, impairment of fixed assets, impairment of right-of-use assets and gain on modification of an office lease, net of income tax effect; Constant currency (calculated using a quarterly average) percentages that represent the percentage change that would have resulted had exchange rates in the prior period been the same as those in effect in the current period; and Consolidated and Executive Search Adjusted EBITDA, which is earnings before interest, taxes, depreciation and amortization, further adjusted to exclude management separation charges, integration/acquisition costs, restructuring charges, impairment of fixed assets, impairment of right-of-use assets and gain on modification of an office lease, net when applicable, and Consolidated and Executive Search Adjusted EBITDA margin. This non-GAAP disclosure has limitations as an analytical tool, should not be viewed as a substitute for financial information determined in accordance with GAAP, and should not be considered in isolation or as a substitute for analysis of the Company’s results as reported under GAAP, nor is it necessarily comparable to non-GAAP performance measures that may be presented by other companies.

Management believes the presentation of non-GAAP financial measures in this press release provides meaningful supplemental information regarding Korn Ferry’s performance by excluding certain items that may not be indicative of Korn Ferry’s ongoing operating results. These non-GAAP financial measures are performance measures and are not indicative of the liquidity of Korn Ferry. These items, which are described in the footnotes in the attached reconciliations, represent 1) costs associated with previous acquisitions, such as legal and professional fees, retention awards and on-going integration expenses, 2) gain on modification of an office lease where the Company received lease incentives to shorten the lease term, 3) restructuring charges, net to align workforce to eliminate excess capacity resulting from challenging macroeconomic business environment, 4) accelerated depreciation associated with the decision to sunset our Digital platform, 5) impairment of fixed assets primarily due to software impairment charge in our Digital segment, 6) impairment of right-of-use assets due to the decision to terminate and sublease some of our offices and 7) management separation charges due to contractual obligations due upon executive's death. The use of non-GAAP financial measures facilitates comparisons to Korn Ferry’s historical performance. Korn Ferry includes non-GAAP financial measures because management believes they are useful to investors in allowing for greater transparency with respect to supplemental information used by management in its evaluation of Korn Ferry’s ongoing operations and financial and operational decision-making. Adjusted net income attributable to Korn Ferry, adjusted basic and diluted earnings per share and Consolidated and Executive Search Adjusted EBITDA, exclude certain charges that management does not consider on-going in nature and allows management and investors to make more meaningful period-to-period comparisons of the Company’s operating results. Management further believes that Consolidated and Executive Search Adjusted EBITDA is useful to investors because it is frequently used by investors and other interested parties to measure operating performance among companies with different capital structures, effective tax rates and tax attributes and capitalized asset values, all of which can vary substantially from company to company. In the case of constant currency percentages, management believes the presentation of such information provides useful supplemental information regarding Korn Ferry's performance as excluding the impact of exchange rate changes on Korn Ferry's financial performance allows investors to make more meaningful period-to-period comparisons of the Company’s operating results, to better identify operating trends that may otherwise be masked or distorted by exchange rate changes and to perform related trend analysis, and provides a higher degree of transparency of information used by management in its evaluation of Korn Ferry's ongoing operations and financial and operational decision-making.

  KORN FERRY AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF INCOME

(in thousands, except per share amounts)

  Three Months Ended
April 30,

Year Ended
April 30,

2026

2025

2026

2025

(unaudited)

Fee revenue

$

759,772

$

712,048

$

2,907,469

$

2,730,088

Reimbursed out-of-pocket engagement expenses

8,484

7,779

31,172

30,998

Total revenue

768,256

719,827

2,938,641

2,761,086

Compensation and benefits

486,737

443,503

1,867,005

1,758,024

General and administrative expenses

67,659

68,623

247,727

258,488

Reimbursed expenses

8,484

7,779

31,172

30,998

Cost of services

82,262

74,827

319,150

285,075

Depreciation and amortization

21,591

20,531

98,844

80,287

Restructuring charges, net

—

—

—

1,892

Total operating expenses

666,733

615,263

2,563,898

2,414,764

Operating income

101,523

104,564

374,743

346,322

Other income (loss), net

6,410

(10,306

)

33,705

18,953

Interest expense, net

(5,056

)

(5,331

)

(19,998

)

(20,363

)

Income before provision for income taxes

102,877

88,927

388,450

344,912

Income tax provision

29,052

23,789

107,630

93,836

Net income

73,825

65,138

280,820

251,076

Net income attributable to noncontrolling interest

(691

)

(894

)

(3,386

)

(5,014

)

Net income attributable to Korn Ferry

$

73,134

$

64,244

$

277,434

$

246,062

Earnings per common share attributable to Korn Ferry:

Basic

$

1.42

$

1.23

$

5.33

$

4.69

Diluted

$

1.39

$

1.21

$

5.22

$

4.60

Weighted-average common shares outstanding:

Basic

50,932

51,599

51,428

51,778

Diluted

51,922

52,504

52,519

52,806

  KORN FERRY AND SUBSIDIARIES

FINANCIAL SUMMARY BY REPORTING SEGMENT

(dollars in thousands)

(unaudited)

  Three Months Ended April 30,

Year Ended April 30,

2026

2025

% Change

2026

2025

% Change

Fee revenue:

Consulting

$

181,920

$

169,363

7.4

%

$

691,654

$

662,708

4.4

%

Digital

89,282

91,634

(2.6

%)

363,523

363,530

—

%

Executive Search:

North America

156,095

143,014

9.1

%

583,394

535,921

8.9

%

EMEA

54,135

53,479

1.2

%

215,134

194,088

10.8

%

Asia Pacific

24,622

23,630

4.2

%

97,527

87,337

11.7

%

Latin America

7,099

6,880

3.2

%

28,049

28,862

(2.8

%)

Total Executive Search (a)

241,951

227,003

6.6

%

924,104

846,208

9.2

%

Professional Search & Interim

149,060

130,710

14.0

%

561,077

503,515

11.4

%

RPO

97,559

93,338

4.5

%

367,111

354,127

3.7

%

Total fee revenue

759,772

712,048

6.7

%

2,907,469

2,730,088

6.5

%

Reimbursed out-of-pocket engagement expenses

8,484

7,779

9.1

%

31,172

30,998

0.6

%

Total revenue

$

768,256

$

719,827

6.7

%

$

2,938,641

$

2,761,086

6.4

%

KORN FERRY AND SUBSIDIARIES

CONSOLIDATED BALANCE SHEETS

(in thousands, except per share amounts)

  April 30,
2026

April 30,
2025

ASSETS

Cash and cash equivalents

$

1,095,445

$

1,006,964

Marketable securities

38,914

36,388

Receivables due from clients, net of allowance for doubtful accounts of $42,527 and $40,461 at April 30, 2026 and 2025, respectively

573,350

565,255

Income taxes and other receivables

75,410

38,394

Unearned compensation

64,421

61,649

Prepaid expenses and other assets

58,437

41,488

Total current assets

1,905,977

1,750,138

Marketable securities, non-current

247,132

233,626

Property and equipment, net

191,531

173,610

Operating lease right-of-use assets, net

170,986

152,712

Cash surrender value of company-owned life insurance policies, net of loans

289,058

252,621

Deferred income taxes

113,207

144,560

Goodwill

950,636

948,832

Intangible assets, net

45,858

70,193

Unearned compensation, non-current

118,592

106,965

Investments and other assets

31,799

27,967

Total assets

$

4,064,776

$

3,861,224

LIABILITIES AND STOCKHOLDERS' EQUITY

Accounts payable

$

49,682

$

58,884

Income taxes payable

19,573

23,079

Compensation and benefits payable

570,242

530,473

Operating lease liability, current

28,111

38,573

Other accrued liabilities

314,402

304,589

Total current liabilities

982,010

955,598

Deferred compensation and other retirement plans

510,774

477,770

Operating lease liability, non-current

164,899

131,762

Long-term debt

398,565

397,736

Deferred tax liabilities

5,723

5,981

Other liabilities

23,902

20,238

Total liabilities

2,085,873

1,989,085

Stockholders' equity

Common stock: $0.01 par value, 150,000 shares authorized, 79,203 and 78,264 shares issued and 50,225 and 51,458 shares outstanding at April 30, 2026 and 2025, respectively

284,370

364,425

Retained earnings

1,761,063

1,588,274

Accumulated other comprehensive loss, net

(72,827

)

(86,243

)

Total Korn Ferry stockholders' equity

1,972,606

1,866,456

Noncontrolling interest

6,297

5,683

Total stockholders' equity

1,978,903

1,872,139

Total liabilities and stockholders' equity

$

4,064,776

$

3,861,224

  KORN FERRY AND SUBSIDIARIES

RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL MEASURES

(dollars in thousands)

(unaudited)

  Three Months Ended
April 30,

Year Ended
April 30,

2026

2025

2026

2025

Net income attributable to Korn Ferry

$

73,134

$

64,244

$

277,434

$

246,062

Net income attributable to non-controlling interest

691

894

3,386

5,014

Net income

73,825

65,138

280,820

251,076

Income tax provision

29,052

23,789

107,630

93,836

Income before provision for income taxes

102,877

88,927

388,450

344,912

Interest expense, net

5,056

5,331

19,998

20,363

Depreciation and amortization (1)

21,591

20,531

98,844

80,287

Management separation charges (2)

—

4,614

—

4,614

Integration/acquisition costs (3)

—

1,738

4,420

8,837

Gain on modification of office lease (4)

—

—

(13,907

)

—

Impairment of right-of-use assets (5)

—

—

—

2,452

Impairment of fixed assets (6)

—

—

—

509

Restructuring charges, net (7)

—

—

—

1,892

Adjusted EBITDA

$

129,524

$

121,141

$

497,805

$

463,866

Net income attributable to Korn Ferry margin

9.6

%

9.0

%

9.5

%

9.0

%

Net income attributable to non-controlling interest

0.1

%

0.1

%

0.1

%

0.2

%

Income tax provision

3.8

%

3.3

%

3.7

%

3.4

%

Interest expense, net

0.7

%

0.8

%

0.7

%

0.8

%

Depreciation and amortization (1)

2.8

%

2.9

%

3.4

%

2.9

%

Management separation charges (2)

—

%

0.7

%

—

%

0.2

%

Integration/acquisition costs (3)

—

%

0.2

%

0.2

%

0.3

%

Gain on modification of office lease (4)

—

%

—

%

(0.5

%)

—

%

Impairment of right-of-use assets (5)

—

%

—

%

—

%

0.1

%

Impairment of fixed assets (6)

—

%

—

%

—

%

0.0

%

Restructuring charges, net (7)

—

%

—

%

—

%

0.1

%

Adjusted EBITDA margin

17.0

%

17.0

%

17.1

%

17.0

%

Net income attributable to Korn Ferry

$

73,134

$

64,244

$

277,434

$

246,062

Accelerated depreciation on Digital platform (1)

—

—

13,846

—

Management separation charges (2)

—

4,614

—

4,614

Integration/acquisition costs (3)

—

1,738

4,420

8,837

Gain on modification of office lease (4)

—

—

(13,907

)

—

Impairment of right-of-use assets (5)

—

—

—

2,452

Impairment of fixed assets (6)

—

—

—

509

Restructuring charges, net (7)

—

—

—

1,892

Tax effect on the adjusted items (8)

380

(487

)

(863

)

(3,187

)

Adjusted net income attributable to Korn Ferry

$

73,514

$

70,109

$

280,930

$

261,179

Explanation of Non-GAAP Adjustments

(1)

Depreciation and amortization includes $13.8 million of accelerated depreciation associated with the decision to sunset our Digital platform in the year ended April 30, 2026.

(2)

Contractual obligations due upon executive's death.

(3)

Costs associated with previous acquisitions, such as legal and professional fees, retention awards and the on-going integration expenses.

(4)

Gain on the modification of an office lease where the Company received lease incentives to shorten the lease term.

(5)

Costs associated with impairment of right-of-use assets due to terminating and deciding to sublease some of our offices.

(6)

Costs associated with impairment of fixed assets primarily due to software impairment charge in our Digital segment.

(7)

Restructuring charges incurred to align our workforce to eliminate excess capacity resulting from challenging macroeconomic business environment.

(8)

Tax effect on accelerated depreciation on Digital platform, management separation charges, integration/acquisition costs, gain on modification of office lease, impairment of right-of-use assets and fixed assets, and restructuring charges, net.

KORN FERRY AND SUBSIDIARIES

RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL MEASURES - CONTINUED

(unaudited)

  Three Months Ended
April 30,

Year Ended
April 30,

2026

2025

2026

2025

Basic earnings per common share

$

1.42

$

1.23

$

5.33

$

4.69

Accelerated depreciation on Digital platform (1)

—

—

0.27

—

Management separation charges (2)

—

0.09

—

0.09

Integration/acquisition costs (3)

—

0.03

0.09

0.17

Gain on modification of office lease (4)

—

—

(0.27

)

—

Impairment of right-of-use assets (5)

—

—

—

0.05

Impairment of fixed assets (6)

—

—

—

0.01

Restructuring charges, net (7)

—

—

—

0.03

Tax effect on the adjusted items (8)

0.01

(0.01

)

(0.02

)

(0.06

)

Adjusted basic earnings per share

$

1.43

$

1.34

$

5.40

$

4.98

Diluted earnings per common share

$

1.39

$

1.21

$

5.22

$

4.60

Accelerated depreciation on Digital platform (1)

—

—

0.26

—

Management separation charges (2)

—

0.09

—

0.09

Integration/acquisition costs (3)

—

0.03

0.08

0.16

Gain on modification of office lease (4)

—

—

(0.26

)

—

Impairment of right-of-use assets (5)

—

—

—

0.05

Impairment of fixed assets (6)

—

—

—

0.01

Restructuring charges, net (7)

—

—

—

0.03

Tax effect on the adjusted items (8)

0.01

(0.01

)

(0.02

)

(0.06

)

Adjusted diluted earnings per share

$

1.40

$

1.32

$

5.28

$

4.88

Explanation of Non-GAAP Adjustments

(1)

Depreciation and amortization includes $13.8 million of accelerated depreciation associated with the decision to sunset our Digital platform in the year ended April 30, 2026.

(2)

Contractual obligations due upon executive's death.

(3)

Costs associated with previous acquisitions, such as legal and professional fees, retention awards and the on-going integration expenses.

(4)

Gain on the modification of an office lease where the Company received lease incentives to shorten the lease term.

(5)

Costs associated with impairment of right-of-use assets due to terminating and deciding to sublease some of our offices.

(6)

Costs associated with impairment of fixed assets primarily due to software impairment charge in our Digital segment.

(7)

Restructuring charges incurred to align our workforce to eliminate excess capacity resulting from challenging macroeconomic business environment.

(8)

Tax effect on accelerated depreciation on Digital platform, management separation charges, integration/acquisition costs, gain on modification of office lease, impairment of right-of-use assets and fixed assets, and restructuring charges, net.

KORN FERRY AND SUBSIDIARIES

RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL MEASURES - CONTINUED

(dollars in thousands)

(unaudited)

  Three Months Ended April 30,

2026

2025

Net income attributable to

Korn Ferry

Net income attributable to

Korn Ferry margin

Net income attributable to

Korn Ferry

Net income attributable to

Korn Ferry margin

Consolidated

$

73,134

9.6

%

$

64,244

9.0

%

Fee revenue

Total revenue

Adjusted EBITDA

Adjusted EBITDA margin

Fee revenue

Total revenue

Adjusted EBITDA

Adjusted EBITDA margin

Consulting

$

181,920

$

185,298

$

30,923

17.0

%

$

169,363

$

172,537

$

29,055

17.2

%

Digital

89,282

89,702

27,691

31.0

%

91,634

91,642

28,477

31.1

%

Executive Search:

North America

156,095

157,748

48,371

31.0

%

143,014

144,673

39,062

27.3

%

EMEA

54,135

54,440

9,199

17.0

%

53,479

53,773

9,092

17.0

%

Asia Pacific

24,622

24,817

5,290

21.5

%

23,630

23,802

4,965

21.0

%

Latin America

7,099

7,108

1,106

15.6

%

6,880

6,884

1,103

16.0

%

Total Executive Search

241,951

244,113

63,966

26.4

%

227,003

229,132

54,222

23.9

%

Professional Search & Interim

149,060

150,419

33,863

22.7

%

130,710

131,674

27,426

21.0

%

RPO

97,559

98,724

15,455

15.8

%

93,338

94,842

14,499

15.5

%

Corporate

—

—

(42,374

)

—

—

(32,538

)

Consolidated

$

759,772

$

768,256

$

129,524

17.0

%

$

712,048

$

719,827

$

121,141

17.0

%

Year Ended April 30,

2026

2025

Net income attributable to

Korn Ferry

Net income attributable to

Korn Ferry margin

Net income attributable to

Korn Ferry

Net income attributable to

Korn Ferry margin

Consolidated

$

277,434

9.5

%

$

246,062

9.0

%

Fee revenue

Total revenue

Adjusted EBITDA

Adjusted EBITDA margin

Fee revenue

Total revenue

Adjusted EBITDA

Adjusted EBITDA margin

Consulting

$

691,654

$

704,129

$

118,413

17.1

%

$

662,708

$

674,070

$

115,481

17.4

%

Digital

363,523

364,383

113,129

31.1

%

363,530

363,727

112,696

31.0

%

Executive Search:

North America

583,394

589,313

173,703

29.8

%

535,921

542,068

148,242

27.7

%

EMEA

215,134

216,517

36,572

17.0

%

194,088

195,268

31,689

16.3

%

Asia Pacific

97,527

98,138

21,475

22.0

%

87,337

87,840

18,119

20.7

%

Latin America

28,049

28,092

5,603

20.0

%

28,862

28,876

8,149

28.2

%

Total Executive Search

924,104

932,060

237,353

25.7

%

846,208

854,052

206,199

24.4

%

Professional Search & Interim

561,077

566,253

121,156

21.6

%

503,515

507,246

107,600

21.4

%

RPO

367,111

371,816

57,658

15.7

%

354,127

361,991

52,635

14.9

%

Corporate

—

—

(149,904

)

—

—

(130,745

)

Consolidated

$

2,907,469

$

2,938,641

$

497,805

17.1

%

$

2,730,088

$

2,761,086

$

463,866

17.0

%

Korn/Ferry KFY shares are on the rise following the release of its Q4 (April) earnings report. The company surpassed EPS expectations and reported a 6.7% year-over-year increase in fee revenue, totaling $759.8 million, which also exceeded forecasts. For Q1, KFY anticipates EPS between $1.32 and $1.38 and fee revenue in the range of $725 to $745 million, aligning with market expectations. The midpoints of $1.35 for EPS and $735 million for revenue slightly outpace predictions.

Segment Performance: Growth was broad across four of KFY's five solutions. The Professional Search & Interim segment led with a 14% increase to $149.1 million. Executive Search and Consulting each grew by 7%, while RPO saw a 5% increase. However, Digital experienced a 3% decline, despite a 10% rise in subscription and license revenue. Growth Drivers: The increase in Executive Search was fueled by higher average fees and a greater focus on senior-level assignments, despite a flat number of new assignments. Professional Search & Interim also saw double-digit growth in permanent placements and interim new business. Backlog and Visibility: KFY concluded Q4 with $1.88 billion in estimated remaining fees from existing contracts, a 10% year-over-year increase from $1.85 billion in Q3. Of this, $1.06 billion is expected to materialize over the next 12 months. However, new business growth moderated sequentially to 2%, excluding RPO, down from 11% in Q3. Margins: Adjusted EBITDA rose by 7% to $129.5 million, but the margin remained flat year-over-year at 17.0%, slightly below KFY's previous outlook of 17.1-17.3%. Increased compensation and service costs restricted margin expansion, despite stronger margins in Executive Search and Professional Search & Interim. The Q4 results indicate a solid close to FY26, showcasing the advantages of KFY's comprehensive talent and organizational consulting approach. Despite a tough hiring environment, four out of five solutions experienced growth, particularly in Professional Search & Interim. The Executive Search segment remained robust due to higher fees and senior-level assignments. With a 10% year-over-year increase in backlog and over $1 billion expected to convert in the next year, KFY shows promising visibility. However, a slowdown in new business growth, a decline in Digital revenue, and flat consolidated adjusted EBITDA margins highlight areas needing attention. The Q1 outlook suggests continued growth, albeit without a sharp acceleration, supporting KFY’s diversification strategy.

This stock alert was generated using automated technology and GuruFocus financial data to provide readers with timely and accurate market reporting. This content was reviewed by GuruFocus editorial team prior to publication. Please send any questions or comments about this story to [email protected].

Korn Ferry (KFY) Q4 2026 Earnings Call Transcript

Korn Ferry (NYSE:KFY) on Tuesday reported better-than-expected fiscal fourth-quarter 2026 results.

Revenue increased 6.7% year over year to $768.3 million, exceeding analysts’ estimate of $743.3 million. Fee revenue rose 7% to $759.8 million, or 5% on a constant-currency basis. Adjusted diluted EPS climbed to $1.40 from $1.32, topping the consensus estimate of $1.38.

"I am very pleased with our quarterly performance. This marks our fifth consecutive quarter of top-line growth, underscoring the strength of our strategy and the increasing relevance of our solutions – all amid an uneven economic environment," CEO Gary D. Burnison said.

For the first quarter of fiscal 2027, Korn Ferry expects fee revenue between $725 million and $745 million. The company forecast GAAP diluted EPS of $1.32 to $1.38, compared with the analyst estimate of $1.33.

The outlook assumes no material adverse impact from the recent Middle East conflict and stable geopolitical, economic, financial market and foreign exchange conditions.

Korn Ferry shares rose 0.4% to trade at $72.12 on Wednesday.

These analysts made changes to their price targets on Korn Ferry following earnings announcement.

Baird analyst Mark Marcon maintained the stock with an Outperform rating and raised the price target from $84 to $85. UBS analyst Joshua Chan maintained Korn Ferry with a Neutral and raised the price target from $70 to $75. Considering buying KFY stock? Here’s what analysts think:

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Korn Ferry NYSE:KFY today announced that the firm will release financial results for the fourth quarter of full fiscal year 2026 (ended April 30, 2026) on Tuesday, June 23, 2026.

A press release will be issued before the market opens on Tuesday, June 23, 2026, followed by a live webcast at 12:00 pm EST.

What:

Korn Ferry to Report Q4 FY2026 Earnings
Investor Live Webcast

When:

12:00 pm EST on Tuesday, June 23, 2026.

Where:

Live audio webcast and accompanying slides will be available at the following site:
https://ir.kornferry.com/events-and-presentations

About Korn Ferry

Korn Ferry is a global consulting firm that powers performance. We unlock the potential in your people and unleash transformation across your business—synchronizing strategy, operations, and talent to accelerate performance, fuel growth, and inspire a legacy of change. That’s why the world’s most forward-thinking companies across every major industry turn to us—for a shared commitment to lasting impact and the bold ambition to Be More Than.

As the Official Talent & Organizational Consulting Partner of LA28, Korn Ferry is powering the nearly 5,000 people who power the Olympic Games—bringing in the right talent, building strong leaders, and shaping the structure and culture that will deliver an unforgettable experience for the world.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260616519273/en/

Olstein Capital Management, L.P. increased its stake in Korn Ferry (KFY 0.06%) by 43,050 shares during the first quarter, an estimated $2.78 million trade based on quarterly average pricing, according to an April 21, 2026, SEC filing.

Olstein Capital Management, L.P. bought 43,050 Korn Ferry shares; estimated trade value is $2.78 million (based on quarterly average pricing)Quarter-end position value rose by $2.47 million, reflecting both share additions and stock price changesTransaction value represented a 0.61% change in the fund’s 13F reportable assets under managementFund held 120,000 Korn Ferry shares valued at $7.55 million after the tradeThe position represents 1.65% of fund AUM, which places it outside the fund's top five holdingsWhat happenedAccording to a Securities and Exchange Commission (SEC) filing dated April 21, 2026, Olstein Capital Management, L.P. increased its holdings in Korn Ferry by 43,050 shares during the first quarter. The estimated transaction value was $2.78 million based on the average closing price for the quarter. At quarter end, the value of the Korn Ferry position rose by $2.47 million, a figure that includes both trading and stock price movements.

What else to knowOlstein Capital Management, L.P. added to its Korn Ferry stake, which now represents 1.65% of reportable assets under managementTop holdings after the filing:NYSE:DIS: $10.02 million (2.2% of AUM)NYSE:ST: $9.80 million (2.1% of AUM)NYSE:AVTR: $9.49 million (2.1% of AUM)NASDAQ:LKQ: $9.24 million (2.0% of AUM)NYSE:OMC: $8.89 million (1.9% of AUM)As of April 20, 2026, Korn Ferry shares were priced at $66.63, up 15.3% over the past year but underperforming the S&P 500 by 21.64 percentage pointsCompany OverviewMetricValueRevenue (TTM)$2.89 billionNet Income (TTM)$268.54 millionDividend Yield2.94%Price (as of market close 04-20-2026)$66.63Company SnapshotKorn Ferry provides organizational consulting, executive search, digital solutions, and recruitment process outsourcing services globally.The company generates revenue through consulting fees, executive and professional search placements, and tech-enabled talent management solutions.Its primary customers include public and private corporations, middle market and emerging growth companies, as well as government and non-profit organizations.Korn Ferry is a global leader in organizational consulting, leveraging a diversified business model across consulting, executive search, digital, and RPO segments. The company combines human capital expertise with technology-driven solutions to address complex talent and organizational challenges for clients worldwide.

What this transaction means for investorsOlstein Capital Management runs a concentrated portfolio of individual stocks with no ETFs in sight — about 95 positions, each selected on classic value criteria. That context matters when reading any add. This isn't a momentum fund chasing a hot name; it's a manager that buys companies it believes are mispriced relative to their fundamentals and waits for the market to catch up.

Korn Ferry fits that profile. It's a cyclical human capital business — executive search, organizational consulting, talent management — whose fortunes track corporate hiring activity and discretionary spending. When companies pull back on headcount and consulting budgets, Korn Ferry feels it. When corporate confidence returns, so does demand for its services. A value manager adding here is implicitly making a call that the market is underpricing the recovery potential.

For investors watching Korn Ferry, the things worth tracking are corporate hiring sentiment, CEO confidence surveys, and any commentary on consulting pipeline in upcoming earnings. If corporate spending picks up, Korn Ferry is operationally leveraged to that recovery in a way that isn't always obvious from the stock price alone.

Olstein's add is modest at 1.65% of AUM — consistent with how they size positions across a diversified book. It's a signal worth noting, not a blueprint to follow.

Seena Hassouna has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Walt Disney. The Motley Fool recommends LKQ. The Motley Fool has a disclosure policy.

MENLO PARK, Calif., April 28, 2026 (GLOBE NEWSWIRE) --

WHO:Jennifer Smith, Global Leader of Staffing & RPO at Joveo, the global leader in AI-led, high-performance recruitment marketing  WHAT:
Will join Quincy Valencia, VP of Talent Transformation at Korn Ferry, to facilitate the HRO Today webinar, “The AI-Ready TA Leader in 2026.”  WHEN:
Monday, May 4, 2026, at 11:00 a.m. ET  WHERE:More information, including how to register, is available here.  
DETAILS:

For many organizations, hiring remains broken, and layering on AI won’t fix a flawed foundation. Even so, talent acquisition leaders are under pressure to adopt these tools quickly, which leads to greater complexity rather than better outcomes.

During this HRO Today webinar, Jennifer Smith, Global Leader of Staffing & RPO at Joveo and Quincy Valencia, VP of Talent Transformation at Korn Ferry, will explain why retrofitting broken processes fails and provide clear guidance on how to rethink hiring from the ground up. With today’s TA leaders in mind, Smith and Valencia will provide a principled roadmap for designing AI-first hiring workflows that preserve the human judgment that candidates and stakeholders expect, while still delivering measurable results. That will include the six behaviors that distinguish an AI-ready TA leader, as outlined by Korn Ferry’s research-based framework.

Attendees will walk away understanding what ethical, transparent, and explainable AI hiring looks like in practice and how to develop the TA leadership skills they need to succeed in 2026 and beyond. Registration information for this session is available here.

About Joveo

As the global leader in AI-powered, high-performance recruitment marketing, Joveo is transforming talent attraction and recruitment media buying for the world’s largest employers, staffing firms, RPOs, and media agencies. The Joveo platform enables businesses to attract, source, engage, and hire the best candidates on time and within budget.

Powering millions of jobs every day, Joveo’s AI-led recruitment marketing platform uses advanced data science and machine learning to dynamically manage and optimize talent sourcing and applications across all online channels, while providing real-time insights at every step of the job seeker journey, from click to hire.

For more information about Joveo’s award-winning platform and solutions, visit www.joveo.com.

Alan Guarino, Korn Ferry vice chairman, joins 'Squawk Box' to discuss the state of the labor market, impact of AI on productivity, jobs numbers vs. return on people (ROP), and more.

Korn Ferry remains rated 'Hold' as I await evidence of stronger growth and resilience to AI disruption. Management consistently guides conservatively, with KFY regularly beating top- and bottom-line estimates, but headline growth remains muted. Executive search and Digital segments show double-digit and high-single-digit growth, offsetting weakness in entry-level job placements.

Korn Ferry (NYSE: KFY) today announced it is participating in the Baird 2026 Global Consumer, Technology & Services Conference on Tuesday, June 2, 2026 and the William Blair 46th Annual Growth Stock Conference on Wednesday, June 3, 2026.

Korn Ferry EVP, Chief Financial Officer and Chief Corporate Officer Robert Rozek will participate in a presentation at both events.

The information for each conference is as follows:

Baird 2026 Global Consumer, Technology & Services Conference
Tuesday, June 2, 2026 at 9:05 a.m. ET
The event will be broadcast live and accessible to the general public here.

William Blair 46th Annual Growth Stock Conference
Wednesday, June 3, 2026 at 2:20 p.m. ET
The event will be broadcast live and accessible to the general public here.

The conferences can also be accessed through Korn Ferry’s Investor Relations website: Investor Relations: Korn Ferry (KFY). An audio replay will be available after the event at the same website address.

About Korn Ferry

Korn Ferry is a global consulting firm that powers performance. We unlock the potential in your people and unleash transformation across your business—synchronizing strategy, operations, and talent to accelerate performance, fuel growth, and inspire a legacy of change. That’s why the world’s most forward-thinking companies across every major industry turn to us—for a shared commitment to lasting impact and the bold ambition to Be More Than.

As the Official Talent & Organizational Consulting Partner of LA28, Korn Ferry is powering the nearly 5,000 people who power the Olympic Games—bringing in the right talent, building strong leaders, and shaping the structure and culture that will deliver an unforgettable experience for the world.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260527466117/en/