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v3.25.2

Segments (Tables) | 3 Months Ended
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Jul. 31, 2025
Segment Reporting [Abstract] |
Schedule of Depreciation and Amortization by Reportable 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 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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