Korn Ferry demonstrated strong financial performance with growth in fee revenue, executive search, and digital business, despite a challenging economic environment marked by cost pressures and a tight labor market. The company's strategic focus on large-scale client engagements and digital solutions is paying off, though challenges remain in consulting growth and the broader economic climate.

Company Guidance -

Q1 2026

During the Korn Ferry Fourth Quarter Fiscal Year 2025 Conference Call, the company reported strong financial results and provided guidance for the upcoming fiscal year. For the fourth quarter, Korn Ferry achieved a 4% year-over-year increase in consolidated fee revenue at constant currency, reaching $712 million. Adjusted EBITDA grew by 8% to $121 million, with a margin expansion of 70 basis points to 17%. The company's adjusted diluted earnings per share rose by 5% to $1.32. In terms of specific segments, Executive Search continued its positive trajectory with a 15% growth at constant currency, driven by demographic shifts and evolving leadership demands. The digital subscription and license business expanded to represent 40% of total digital new business, up from 37% in the prior year. Looking ahead, Korn Ferry expects first-quarter fiscal 2026 fee revenue to range between $675 million and $695 million, with an adjusted EBITDA margin of 16.8% to 17.2%, and adjusted diluted EPS of $1.18 to $1.26. The company remains focused on leveraging its extensive IP and data analytics, with 108 million assessments and rewards data on 28 million individuals, to drive client performance and maintain its growth trajectory.

Record Fee Revenue Growth

Fee revenue increased 4% year over year at constant currency, demonstrating the strength of Korn Ferry's business strategy in a challenging economic environment.

Executive Search Growth

Executive search grew for the fourth consecutive quarter, up 15% year over year at constant currency, indicating strong demand for leadership talent.

Significant Digital Business Growth

Digital subscription and license new business grew to 40% of the total digital new business, up from 37% in the prior year quarter, adding more stability and predictability to the fee revenue base.

Strong Adjusted EBITDA and Margin Increase

Adjusted EBITDA grew 8% to $121 million, with the adjusted EBITDA margin increasing by 70 basis points to 17%.

Robust Marquee and Diamond Accounts

Marquee and Diamond accounts remained strong, contributing 39% to consolidated fee revenue, highlighting the company's success with large, repeatable clients.

Continued Dividend Increases

Korn Ferry has raised its dividend six times in five years, reflecting a strong commitment to returning value to shareholders.

New Operating Metric for Future Revenue

The introduction of the 'Estimated Remaining Fees Under Existing Contracts' metric, totaling approximately $1.7 billion, up 12% year over year, demonstrates the effectiveness of Korn Ferry's diversification strategy.

Korn Ferry (KFY) Earnings, Revenues Date & History

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KFY Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Sep 04, 2025	2026 (Q1)	1.24 / -	1.18	―	―	―
Jun 18, 2025	2025 (Q4)	1.26 / 1.32	1.26	4.76% (+0.06)
Mar 11, 2025	2025 (Q3)	1.13 / 1.19	1.07	11.21% (+0.12)
Dec 05, 2024	2025 (Q2)	1.21 / 1.21	0.97	24.74% (+0.24)
Sep 05, 2024	2025 (Q1)	1.12 / 1.18	0.99	19.19% (+0.19)
Jun 13, 2024	2024 (Q4)	1.12 / 1.26	1.01	24.75% (+0.25)
Mar 06, 2024	2024 (Q3)	0.99 / 1.07	1.01	5.94% (+0.06)
Dec 06, 2023	2024 (Q2)	0.95 / 0.97	1.43	-32.17% (-0.46)
Sep 07, 2023	2024 (Q1)	0.91 / 0.99	1.5	-34.00% (-0.51)
Jun 27, 2023	2023 (Q4)	1.00 / 1.01	1.75	-42.29% (-0.74)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

KFY Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jun 18, 2025	$66.33	$70.61	+6.45%
Mar 11, 2025	$61.68	$66.37	+7.60%
Dec 05, 2024	$77.16	$70.72	-8.35%
Sep 05, 2024	$69.59	$66.34	-4.67%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.