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Segments (Tables) | 9 Months Ended
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Jan. 31, 2025
Segment Reporting [Abstract] |
Schedule of Financial Highlights | Financial highlights are as follows:
| Three Months Ended January 31, |  | Nine Months Ended January 31,
| 2025 |  | 2024 |  | 2025 |  | 2024
| Consolidated
| (in thousands)
Fee revenue | $ | 668,729 |  |  | $ | 668,679 |  |  | $ | 2,018,040 |  |  | $ | 2,071,871 |
Total revenue | $ | 676,538 |  |  | $ | 676,873 |  |  | $ | 2,041,259 |  |  | $ | 2,095,582 |
Net income attributable to Korn Ferry | $ | 58,414 |  |  | $ | 59,071 |  |  | $ | 181,818 |  |  | $ | 103,965 |
Net income attributable to noncontrolling interest | 925 |  |  | 649 |  |  | 4,120 |  |  | 2,984 |
Interest expense, net | 5,461 |  |  | 4,946 |  |  | 15,032 |  |  | 16,282 |
Income tax provision | 22,795 |  |  | 9,018 |  |  | 70,047 |  |  | 29,779 |
Depreciation and amortization | 20,490 |  |  | 19,509 |  |  | 59,756 |  |  | 58,075 |
Integration/acquisition costs | 2,127 |  |  | 3,899 |  |  | 7,099 |  |  | 13,057 |
Impairment of fixed assets | 509 |  |  | — |  |  | 509 |  |  | 1,575 |
Impairment of right-of-use assets | 2,452 |  |  | — |  |  | 2,452 |  |  | 1,629 |
Restructuring charges, net | 1,316 |  |  | 4,612 |  |  | 1,892 |  |  | 68,558 |
Adjusted EBITDA (1) | $ | 114,489 |  |  | $ | 101,704 |  |  | $ | 342,725 |  |  | $ | 295,904 |
___________________
(1) | Adjusted EBITDA refers to earnings before interest, taxes, depreciation and amortization, and further excludes integration/acquisition costs, impairment of fixed assets, impairment of right-of-use assets, and restructuring charges, net when applicable.
Schedule of Financial Highlights by Operating Segment | Financial highlights by reportable segments are as follows:
| Three Months Ended January 31,
| 2025 |  | 2024
| Fee revenue |  | Total revenue |  | Adjusted EBITDA |  | Fee revenue |  | Total revenue |  | Adjusted EBITDA
| (in thousands)
Consulting | $ | 158,704 |  |  | $ | 161,382 |  |  | $ | 28,026 |  |  | $ | 166,947 |  |  | $ | 169,929 |  |  | $ | 27,812 |
Digital | 90,823 |  |  | 90,836 |  |  | 28,408 |  |  | 90,317 |  |  | 90,394 |  |  | 27,370 |
Executive Search: |  |  |  |  |  |  |  |  |  |  |
North America | 128,264 |  |  | 129,889 |  |  | 37,175 |  |  | 121,449 |  |  | 123,059 |  |  | 29,382 |
EMEA | 47,840 |  |  | 48,087 |  |  | 7,845 |  |  | 48,999 |  |  | 49,171 |  |  | 7,799 |
Asia Pacific | 21,664 |  |  | 21,794 |  |  | 4,504 |  |  | 21,324 |  |  | 21,384 |  |  | 4,500 |
Latin America | 6,803 |  |  | 6,807 |  |  | 1,696 |  |  | 7,541 |  |  | 7,543 |  |  | 1,750 |
Professional Search & Interim | 129,957 |  |  | 130,854 |  |  | 27,265 |  |  | 130,890 |  |  | 131,824 |  |  | 23,795 |
RPO | 84,674 |  |  | 86,889 |  |  | 12,743 |  |  | 81,212 |  |  | 83,569 |  |  | 9,291 |
Corporate | — |  |  | — |  |  | (33,173) |  |  | — |  |  | — |  |  | (29,995) |
Consolidated | $ | 668,729 |  |  | $ | 676,538 |  |  | $ | 114,489 |  |  | $ | 668,679 |  |  | $ | 676,873 |  |  | $ | 101,704 |
| Nine Months Ended January 31,
| 2025 |  | 2024
| Fee revenue |  | Total revenue |  | Adjusted EBITDA |  | Fee revenue |  | Total revenue |  | Adjusted EBITDA
| (in thousands)
Consulting | $ | 493,345 |  |  | $ | 501,533 |  |  | $ | 86,426 |  |  | $ | 512,830 |  |  | $ | 521,675 |  |  | $ | 81,920 |
Digital | 271,896 |  |  | 272,085 |  |  | 84,219 |  |  | 275,395 |  |  | 275,563 |  |  | 80,678 |
Executive Search: |  |  |  |  |  |  |  |  |  |  |
North America | 392,907 |  |  | 397,395 |  |  | 109,180 |  |  | 381,459 |  |  | 386,405 |  |  | 87,574 |
EMEA | 140,609 |  |  | 141,495 |  |  | 22,597 |  |  | 138,873 |  |  | 139,621 |  |  | 19,056 |
Asia Pacific | 63,707 |  |  | 64,038 |  |  | 13,154 |  |  | 65,167 |  |  | 65,454 |  |  | 14,690 |
Latin America | 21,982 |  |  | 21,992 |  |  | 7,046 |  |  | 22,041 |  |  | 22,050 |  |  | 4,296 |
Professional Search & Interim | 372,805 |  |  | 375,572 |  |  | 80,174 |  |  | 411,453 |  |  | 414,348 |  |  | 73,746 |
RPO | 260,789 |  |  | 267,149 |  |  | 38,136 |  |  | 264,653 |  |  | 270,466 |  |  | 28,617 |
Corporate | — |  |  | — |  |  | (98,207) |  |  | — |  |  | — |  |  | (94,673) |
Consolidated | $ | 2,018,040 |  |  | $ | 2,041,259 |  |  | $ | 342,725 |  |  | $ | 2,071,871 |  |  | $ | 2,095,582 |  |  | $ | 295,904 |

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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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