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v3.25.2

Segments (Tables) | 12 Months Ended
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Apr. 30, 2025
Segment Reporting [Abstract] |
Schedule of Depreciation and Amortization by Reportable Segments | Financial highlights by reportable segments are as follows:
| Year Ended April 30, 2025
|  |  | Executive Search |  |  |  |
| Consulting | Digital | North America | EMEA | Asia Pacific | Latin America | Professional Search & Interim | RPO | Corporate | Consolidated
| (in thousands)
Fee revenue | $ | 662,708 |  | $ | 363,530 |  | $ | 535,921 |  | $ | 194,088 |  | $ | 87,337 |  | $ | 28,862 |  | $ | 503,515 |  | $ | 354,127 |  | $ | — |  | $ | 2,730,088 |
Total revenue | $ | 674,070 |  | $ | 363,727 |  | $ | 542,068 |  | $ | 195,268 |  | $ | 87,840 |  | $ | 28,876 |  | $ | 507,246 |  | $ | 361,991 |  | $ | — |  | $ | 2,761,086 |
Less |  |  |  |  |  |  |  |  |  |
Compensation and benefits(1) | $ | 453,964 |  | $ | 179,487 |  | $ | 362,296 |  | $ | 145,397 |  | $ | 61,662 |  | $ | 18,175 |  | $ | 186,184 |  | $ | 269,043 |  | $ | 71,908 |  |
General and administrative expenses(2) | 51,330 |  | 38,762 |  | 33,324 |  | 17,034 |  | 7,838 |  | 2,534 |  | 19,484 |  | 21,154 |  | 60,524 |  |
Cost of services | 44,428 |  | 33,927 |  | 3,825 |  | 287 |  | 318 |  | 213 |  | 190,772 |  | 11,305 |  | — |  |
Other segment items(3) | 8,867 |  | (1,145) |  | (5,619) |  | 861 |  | (97) |  | (195) |  | 3,206 |  | 7,854 |  | (1,687) |  |
Segment Adjusted EBITDA | 115,481 |  | 112,696 |  | 148,242 |  | 31,689 |  | 18,119 |  | 8,149 |  | 107,600 |  | 52,635 |  | (130,745) |  | 463,866 |
Reconciliation of Segment Adjusted EBITDA |  |  |  |  |  |  |  |  |
Depreciation and amortization |  |  |  |  |  |  |  |  |  | 80,287 |
Restructuring charges, net |  |  |  |  |  |  |  |  |  | 1,892 |
Interest expense, net |  |  |  |  |  |  |  |  |  | 20,363 |
Impairment of right-to-use assets |  |  |  |  |  |  |  |  |  | 2,452 |
Impairment of fixed assets |  |  |  |  |  |  |  |  |  | 509 |
Integration/acquisition costs |  |  |  |  |  |  |  |  |  | 8,837 |
Management separation charges |  |  |  |  |  |  |  |  |  | 4,614 |
Income tax provision |  |  |  |  |  |  |  |  |  | 93,836 |
Net income attributable to noncontrolling interest |  |  |  |  |  |  |  |  |  | 5,014 |
Net income attributable to Korn Ferry |  |  |  |  |  |  |  |  |  | $ | 246,062 |
_______________________________ (1)Includes salaries and payroll taxes, employee insurance benefits, commissions, annual performance-related bonus expense, amortization of unearned compensation, stock-based compensation awards, changes in deferred compensation and pension plan liabilities and changes in CSV of COLI contracts. Excludes integration/acquisition costs and management separation charges as they are excluded from Adjusted EBITDA. (2)Mainly includes premise and office expense, marketing and business development expense, bad debts, legal and other professional fees and foreign exchange gains/losses. Excludes impairment of right-of-use assets and fixed assets and integration/acquisition costs as they are excluded from Adjusted EBITDA. (3)Includes reimbursed expenses and other income, net.
| Year Ended April 30, 2024
|  |  | Executive Search |  |  |  |
| Consulting | Digital | North America | EMEA | Asia Pacific | Latin America | Professional Search & Interim | RPO | Corporate | Consolidated
| (in thousands)
Fee revenue | $ | 695,007 |  | $ | 366,699 |  | $ | 506,927 |  | $ | 184,516 |  | $ | 85,863 |  | $ | 28,937 |  | $ | 540,615 |  | $ | 354,107 |  | $ | — |  | $ | 2,762,671 |
Total revenue | $ | 706,805 |  | $ | 366,924 |  | $ | 513,545 |  | $ | 185,552 |  | $ | 86,273 |  | $ | 28,956 |  | $ | 544,453 |  | $ | 362,997 |  | $ | — |  | $ | 2,795,505 |
Less |  |  |  |  |  |  |  |  |  |
Compensation and benefits(1) | $ | 484,468 |  | $ | 187,924 |  | $ | 371,237 |  | $ | 141,670 |  | $ | 58,835 |  | $ | 18,664 |  | $ | 210,356 |  | $ | 284,349 |  | $ | 72,613 |  |
General and administrative expenses(2) | 54,176 |  | 38,452 |  | 31,588 |  | 16,351 |  | 8,831 |  | 4,761 |  | 23,846 |  | 18,612 |  | 58,400 |  |
Cost of services | 45,399 |  | 33,290 |  | 3,419 |  | 513 |  | 184 |  | 218 |  | 205,765 |  | 11,227 |  | — |  |
Other segment items(3) | 8,502 |  | (1,411) |  | (13,409) |  | 1,116 |  | (500) |  | (258) |  | 2,618 |  | 8,410 |  | (2,915) |  |
Segment Adjusted EBITDA | 114,260 |  | 108,669 |  | 120,710 |  | 25,902 |  | 18,923 |  | 5,571 |  | 101,868 |  | 40,399 |  | (128,098) |  | 408,204 |
Reconciliation of Segment Adjusted EBITDA |  |  |  |  |  |  |  |  |
Depreciation and amortization |  |  |  |  |  |  |  |  |  | 77,966 |
Restructuring charges, net |  |  |  |  |  |  |  |  |  | 68,558 |
Interest expense, net |  |  |  |  |  |  |  |  |  | 20,968 |
Impairment of right-to-use assets |  |  |  |  |  |  |  |  |  | 1,629 |
Impairment of fixed assets |  |  |  |  |  |  |  |  |  | 1,575 |
Integration/acquisition costs |  |  |  |  |  |  |  |  |  | 14,866 |
Income tax provision |  |  |  |  |  |  |  |  |  | 50,081 |
Net income attributable to noncontrolling interest |  |  |  |  |  |  |  |  |  | 3,407 |
Net income attributable to Korn Ferry |  |  |  |  |  |  |  |  |  | $ | 169,154 |
_______________________________ (1)Includes salaries and payroll taxes, employee insurance benefits, commissions, annual performance-related bonus expense, amortization of unearned compensation, stock-based compensation awards, changes in deferred compensation and pension plan liabilities and changes in CSV of COLI contracts. Excludes integration/acquisition costs as they are excluded from Adjusted EBITDA. (2)Mainly includes premise and office expense, marketing and business development expense, bad debts, legal and other professional fees and foreign exchange gains/losses. Excludes impairment of right-of-use assets and fixed assets and integration/acquisition costs as they are excluded from Adjusted EBITDA. (3)Includes reimbursed expenses and other income, net.
| Year Ended April 30, 2023
|  |  | Executive Search |  |  |  |
| Consulting | Digital | North America | EMEA | Asia Pacific | Latin America | Professional Search & Interim | RPO | Corporate | Consolidated
| (in thousands)
Fee revenue | $ | 677,001 |  | $ | 354,651 |  | $ | 562,139 |  | $ | 187,014 |  | $ | 95,598 |  | $ | 31,047 |  | $ | 503,395 |  | $ | 424,563 |  | $ | — |  | $ | 2,835,408 |
Total revenue | $ | 686,979 |  | $ | 354,967 |  | $ | 568,212 |  | $ | 188,114 |  | $ | 95,956 |  | $ | 31,054 |  | $ | 507,058 |  | $ | 431,496 |  | $ | — |  | $ | 2,863,836 |
Less |  |  |  |  |  |  |  |  |  |
Compensation and benefits(1) | $ | 478,549 |  | $ | 189,084 |  | $ | 386,070 |  | $ | 140,508 |  | $ | 61,949 |  | $ | 20,379 |  | $ | 214,949 |  | $ | 339,000 |  | $ | 62,362 |  |
General and administrative expenses(2) | 51,956 |  | 37,413 |  | 32,437 |  | 14,667 |  | 9,697 |  | 1,397 |  | 27,082 |  | 21,220 |  | 56,174 |  |
Cost of services | 39,689 |  | 31,522 |  | 3,370 |  | 731 |  | 138 |  | 92 |  | 150,967 |  | 11,990 |  | — |  |
Other segment items(3) | 8,283 |  | (510) |  | 5,485 |  | 828 |  | (50) |  | (184) |  | 3,181 |  | 6,698 |  | (564) |  |
Segment Adjusted EBITDA | 108,502 |  | 97,458 |  | 140,850 |  | 31,380 |  | 24,222 |  | 9,370 |  | 110,879 |  | 52,588 |  | (117,972) |  | 457,277 |
Reconciliation of Segment Adjusted EBITDA |  |  |  |  |  |  |  |  |
Depreciation and amortization |  |  |  |  |  |  |  |  |  | 68,335 |
Restructuring charges, net |  |  |  |  |  |  |  |  |  | 42,573 |
Interest expense, net |  |  |  |  |  |  |  |  |  | 25,864 |
Impairment of right-to-use assets |  |  |  |  |  |  |  |  |  | 5,471 |
Impairment of fixed assets |  |  |  |  |  |  |  |  |  | 4,375 |
Integration/acquisition costs |  |  |  |  |  |  |  |  |  | 14,922 |
Income tax provision |  |  |  |  |  |  |  |  |  | 82,683 |
Net income attributable to noncontrolling interest |  |  |  |  |  |  |  |  |  | 3,525 |
Net income attributable to Korn Ferry |  |  |  |  |  |  |  |  |  | $ | 209,529 |
_______________________________ (1)Includes salaries and payroll taxes, employee insurance benefits, commissions, annual performance-related bonus expense, amortization of unearned compensation, stock-based compensation awards, changes in deferred compensation and pension plan liabilities and changes in CSV of COLI contracts. Excludes integration/acquisition costs as they are excluded from Adjusted EBITDA. (2)Mainly includes premise and office expense, marketing and business development expense, bad debts, legal and other professional fees and foreign exchange gains/losses. Excludes impairment of right-of use-assets and fixed assets and integration/acquisition costs as they are excluded from Adjusted EBITDA. (3)Includes reimbursed expenses and other income, net. Depreciation and amortization by reportable segments are as follows:
| Year Ended April 30,
| 2025 |  | 2024 |  | 2023
| (in thousands)
Consulting | $ | 16,134 |  |  | $ | 16,822 |  |  | $ | 16,557 |
Digital | 34,954 |  |  | 32,248 |  |  | 29,997 |
Executive Search: |  |  |  |  |
North America | 1,416 |  |  | 1,774 |  |  | 2,013 |
EMEA | 1,935 |  |  | 1,726 |  |  | 1,369 |
Asia Pacific | 910 |  |  | 904 |  |  | 661 |
Latin America | 964 |  |  | 1,053 |  |  | 792 |
Professional Search & Interim | 12,337 |  |  | 12,950 |  |  | 8,639 |
RPO | 3,317 |  |  | 2,863 |  |  | 2,410 |
Corporate | 8,320 |  |  | 7,626 |  |  | 5,897 |
Total depreciation and amortization | $ | 80,287 |  |  | $ | 77,966 |  |  | $ | 68,335 |
Schedule of Fee Revenue Classified by Country | Fee revenue classified by country in which the Company derives revenues are as follows:
| Year Ended April 30,
| 2025 |  | 2024 |  | 2023
| (in thousands)
U.S. | $ | 1,448,174 |  |  | $ | 1,507,819 |  |  | $ | 1,568,119 |
United Kingdom | 327,036 |  |  | 262,268 |  |  | 255,797 |
Other countries | 954,878 |  |  | 992,584 |  |  | 1,011,492 |
Total fee revenue | $ | 2,730,088 |  |  | $ | 2,762,671 |  |  | $ | 2,835,408 |
Schedule of Long-Lived Assets, Excluding Financial Instruments and Tax Assets, Classified by Controlling Countries over Ten Percent | Long-lived assets, excluding financial instruments and tax assets, classified by location of the controlling statutory country are as follows:
| Year Ended April 30,
| 2025 |  | 2024 |  | 2023
| (in thousands)
U.S.(1) | $ | 177,921 |  |  | $ | 175,691 |  |  | $ | 186,220 |
United Kingdom | 71,632 |  |  | 64,280 |  |  | 22,893 |
Other countries | 76,769 |  |  | 82,342 |  |  | 95,453 |
Total long-lived assets | $ | 326,322 |  |  | $ | 322,313 |  |  | $ | 304,566 |
_______________________________ (1)Includes Corporate long-lived assets.

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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-25 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + Details
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