Korn Ferry exhibited strong performance in the fourth quarter, with notable growth in executive search and digital business. Despite the challenges posed by a cost of living crisis and a prolonged recessionary environment, the company maintains a positive outlook with strategic investments in technology and a strong pipeline of large-scale client engagements. Uncertainties in global markets and flat growth in consulting remain as challenges.

Company Guidance

During the Korn Ferry Fourth Quarter Fiscal Year 2025 conference call, the company provided guidance showcasing its solid performance despite a challenging economic environment. The firm reported a 4% increase in fee revenue and a 3% growth in new business, both in constant currency. The Marquee and Diamond accounts represented 39% of the consolidated fee revenue, indicating strong client relationships. Executive search grew by 15% year-over-year at constant currency, while digital subscription and license new business accounted for 40% of total digital new business. The company achieved an adjusted EBITDA growth of 8%, reaching $121 million, and an adjusted EBITDA margin increase of 70 basis points to 17%. For the first quarter of fiscal 2026, Korn Ferry anticipates fee revenue to range from $675 million to $695 million, with an adjusted EBITDA margin between 16.8% to 17.2%, and an adjusted diluted earnings per share of $1.18 to $1.26. The company highlighted its ongoing investments in technology, AI, and talent analytics as key drivers of future growth, while also maintaining a balanced approach to capital allocation, returning $173 million to shareholders through share repurchases and dividends in fiscal 2025.

Strong Fourth Quarter Performance

Korn Ferry's fourth quarter exceeded expectations with a consolidated fee revenue of $712 million, growing 4% year over year at constant currency. Adjusted EBITDA grew 8% to $121 million and adjusted EBITDA margin increased by 70 basis points to 17%.

Growth in Executive Search

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

Increase in Digital Business

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

New Business and Marquee Accounts

Total company new business grew 3% year over year, and the Marquee and Diamond accounts represented 39% of consolidated fee revenue.

Positive Outlook for TalentSuite

The completion of the fourth product release of TalentSuite is expected to enhance user experience and drive future growth.

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.