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Segments | 3 Months Ended
--- | ---
Jul. 31, 2025
Segment Reporting [Abstract] |
Segments | Segments The Company has eight reportable segments: Consulting, Digital, Executive Search North America, Executive Search EMEA, Executive Search APAC, Executive Search Latin America, Professional Search & Interim and RPO. The Company's chief executive officer is the Company’s chief operating decision maker (“CODM”), who evaluates performance and allocates resources based on the review of the Company's 1) fee revenue and 2) adjusted earnings before interest, taxes, depreciation and amortization (“Adjusted EBITDA”). To the extent that such costs or charges occur, Adjusted EBITDA excludes restructuring charges, integration/acquisition costs, certain separation costs and certain non-cash charges (goodwill, intangible asset and other impairment charges). The CODM is not provided asset information by reportable segment, because asset information is not used for purposes of evaluating segment performance or allocating resources among segments. Financial highlights by reportable segments are as follows:
| Three Months Ended July 31, 2025
|  |  | Executive Search |  |  |  |
| Consulting | Digital | North America | EMEA | Asia Pacific | Latin America | Professional Search & Interim | RPO | Corporate | Consolidated
| (in thousands)
Fee revenue | $ | 169,962 |  | $ | 89,198 |  | $ | 139,654 |  | $ | 53,781 |  | $ | 24,701 |  | $ | 6,117 |  | $ | 133,901 |  | $ | 91,299 |  | $ | — |  | $ | 708,613 |
Total revenue | $ | 172,699 |  | $ | 89,245 |  | $ | 141,215 |  | $ | 54,081 |  | $ | 24,839 |  | $ | 6,139 |  | $ | 135,141 |  | $ | 92,184 |  | $ | — |  | $ | 715,543 |
Less |  |  |  |  |  |  |  |  |  |
Compensation and benefits(1) | $ | 117,189 |  | $ | 44,505 |  | $ | 99,489 |  | $ | 40,186 |  | $ | 17,111 |  | $ | 3,731 |  | $ | 48,583 |  | $ | 69,343 |  | $ | 19,766 |  |
General and administrative expenses(2) | 12,982 |  | 9,974 |  | 6,950 |  | 4,420 |  | 2,096 |  | 932 |  | 5,126 |  | 4,447 |  | 16,947 |  |
Cost of services | 12,407 |  | 7,873 |  | 860 |  | 129 |  | 167 |  | 60 |  | 52,497 |  | 3,201 |  | — |  |
Other segment items(3) | 1,312 |  | (714) |  | (7,324) |  | 203 |  | (70) |  | (124) |  | 908 |  | 851 |  | (864) |  |
Segment Adjusted EBITDA | 28,809 |  | 27,607 |  | 41,240 |  | 9,143 |  | 5,535 |  | 1,540 |  | 28,027 |  | 14,342 |  | (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.
| Three Months Ended July 31, 2024
|  |  | Executive Search |  |  |  |
| Consulting | Digital | North America | EMEA | Asia Pacific | Latin America | Professional Search & Interim | RPO | Corporate | Consolidated
| (in thousands)
Fee revenue | $ | 167,870 |  | $ | 88,180 |  | $ | 134,752 |  | $ | 45,981 |  | $ | 20,579 |  | $ | 7,323 |  | $ | 121,741 |  | $ | 88,520 |  | $ | — |  | $ | 674,946 |
Total revenue | $ | 170,767 |  | $ | 88,211 |  | $ | 136,087 |  | $ | 46,276 |  | $ | 20,704 |  | $ | 7,326 |  | $ | 122,730 |  | $ | 90,660 |  | $ | — |  | $ | 682,761 |
Less |  |  |  |  |  |  |  |  |  |
Compensation and benefits(1) | $ | 114,664 |  | $ | 45,274 |  | $ | 101,191 |  | $ | 34,586 |  | $ | 14,392 |  | $ | 4,416 |  | $ | 48,136 |  | $ | 68,648 |  | $ | 19,392 |  |
General and administrative expenses(2) | 12,860 |  | 9,135 |  | 7,646 |  | 4,111 |  | 2,158 |  | 163 |  | 5,213 |  | 4,665 |  | 14,048 |  |
Cost of services | 12,517 |  | 7,908 |  | 1,059 |  | 100 |  | 154 |  | 54 |  | 43,055 |  | 2,697 |  | — |  |
Other segment items(3) | 1,432 |  | (729) |  | (8,907) |  | 214 |  | (218) |  | (105) |  | 620 |  | 2,156 |  | (1,153) |  |
Segment Adjusted EBITDA | 29,294 |  | 26,623 |  | 35,098 |  | 7,265 |  | 4,218 |  | 2,798 |  | 25,706 |  | 12,494 |  | (32,287) |  | 111,209 |
Reconciliation of Segment Adjusted EBITDA |  |  |  |  |  |  |  |  |
Depreciation and amortization |  |  |  |  |  |  |  |  |  | 19,578 |
Interest expense, net |  |  |  |  |  |  |  |  |  | 3,945 |
Integration/acquisition costs |  |  |  |  |  |  |  |  |  | 1,076 |
Income tax provision |  |  |  |  |  |  |  |  |  | 22,354 |
Net income attributable to noncontrolling interest |  |  |  |  |  |  |  |  |  | 1,652 |
Net income attributable to Korn Ferry |  |  |  |  |  |  |  |  |  | $ | 62,604 |
___________________ (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. Depreciation and amortization by reportable segments are as follows:
| Year Ended July 31,
| 2025 |  | 2024
| (in thousands)
Consulting | $ | 3,645 |  |  | $ | 4,216 |
Digital | 11,588 |  |  | 8,100 |
Executive Search: |  |  |
North America | 365 |  |  | 415 |
EMEA | 556 |  |  | 493 |
Asia Pacific | 241 |  |  | 216 |
Latin America | 267 |  |  | 256 |
Professional Search & Interim | 2,975 |  |  | 3,053 |
RPO | 964 |  |  | 777 |
Corporate | 2,085 |  |  | 2,052 |
Total depreciation and amortization | $ | 22,686 |  |  | $ | 19,578 |

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- Definition The entire disclosure for reporting segments including data and tables. 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