On May 1, 2026, 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) Europe, Middle East and Africa (“EMEA”), and (iii) Asia Pacific (“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. The presentation of operating results prior to May 1, 2026 has been revised to conform to the new segment reporting.
Financial highlights by reportable segments are as follows for each quarter in fiscal 2026:
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(4)
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.
(4)Consolidated Adjusted EBITDA is a non-GAAP financial measure and has limitations as an analytical tool.
Three Months Ended October 31, 2025
Americas
EMEA
APAC
Corporate
Consolidated
(in thousands)
Fee revenue
$
416,659
$
219,886
$
85,154
$
—
$
721,699
Total revenue
$
421,684
$
222,190
$
85,926
$
—
$
729,800
Less significant segment expenses
Compensation and benefits(1)
$
250,545
$
137,174
$
52,248
$
20,742
General and administrative expenses(2)
20,132
18,218
9,627
16,180
Cost of services
47,219
28,441
3,427
—
Other segment items(3)
(1,066)
2,176
464
(548)
Segment Adjusted EBITDA(4)
104,854
36,181
20,160
(36,374)
124,821
Reconciliation of Segment Adjusted EBITDA
Depreciation and amortization
31,573
Gain on modification of office lease
(13,907)
Interest expense, net
5,763
Integration/acquisition costs
1,325
Income tax provision
26,645
Net income attributable to noncontrolling interest
1,023
Net income attributable to Korn Ferry
$
72,399
_________________
(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.
(4)Consolidated Adjusted EBITDA is a non-GAAP financial measure and has limitations as an analytical tool.
Three Months Ended January 31, 2026
Americas
EMEA
APAC
Corporate
Consolidated
(in thousands)
Fee revenue
$
408,502
$
229,474
$
79,409
$
—
$
717,385
Total revenue
$
413,070
$
231,752
$
80,220
$
—
$
725,042
Less significant segment expenses
Compensation and benefits(1)
$
241,775
$
144,263
$
49,411
$
19,787
General and administrative expenses(2)
21,045
19,220
9,449
16,230
Cost of services
48,801
27,879
3,927
—
Other segment items(3)
(1,747)
2,158
488
(710)
Segment Adjusted EBITDA(4)
103,196
38,232
16,945
(35,307)
123,066
Reconciliation of Segment Adjusted EBITDA
Depreciation and amortization
22,994
Interest expense, net
5,663
Integration/acquisition costs
1,587
Income tax provision
26,683
Net income attributable to noncontrolling interest
874
Net income attributable to Korn Ferry
$
65,265
_________________
(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.
(4)Consolidated Adjusted EBITDA is a non-GAAP financial measure and has limitations as an analytical tool.
Three Months Ended April 30, 2026
Americas
EMEA
APAC
Corporate
Consolidated
(in thousands)
Fee revenue
$
447,682
$
229,069
$
83,021
$
—
$
759,772
Total revenue
$
452,930
$
231,475
$
83,851
$
—
$
768,256
Less significant segment expenses
Compensation and benefits(1)
$
270,885
$
143,111
$
52,649
$
20,092
General and administrative expenses(2)
16,484
18,780
9,414
22,981
Cost of services
49,594
29,746
2,922
—
Other segment items(3)
43
2,234
496
(699)
Segment Adjusted EBITDA(4)
115,924
37,604
18,370
(42,374)
129,524
Reconciliation of Segment Adjusted EBITDA
Depreciation and amortization
21,591
Interest expense, net
5,056
Income tax provision
29,052
Net income attributable to noncontrolling interest
691
Net income attributable to Korn Ferry
$
73,134
_________________
(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.
(3)Includes reimbursed expenses and other income, net.
(4)Consolidated Adjusted EBITDA is a non-GAAP financial measure and has limitations as an analytical tool.