Korn Ferry
66.50-3.81 (-5.42%)
Oct 29, 4:00:02 PM EDT · NYSE · KFY · USD
Key Stats
Market Cap
3.48BP/E (TTM)
14.18Basic EPS (TTM)
4.69Dividend Yield
0.02%Recent Filings
8-K
Korn Ferry Q1 revenue up 5%
Korn Ferry posted Q1 FY'26 fee revenue of $708.6 million, up 5% year-over-year, fueled by 10% growth in Professional Search & Interim and 8% in Executive Search amid economic choppiness. Net income hit $66.6 million with a 9.4% margin, while adjusted EBITDA climbed 8% to $120.4 million at 17.0% margin. Strategy delivers. Q2 guidance projects fee revenue of $690-$710 million and adjusted diluted EPS of $1.23-$1.33, yet risks from geopolitical tensions loom.
10-Q
Q1 FY2026 results
Korn Ferry's fee revenue climbed 5% year-over-year to $708.6 million in Q1 FY2026 ended July 31, 2025, fueled by 8% growth in Executive Search and 10% in Professional Search & Interim, while Consulting edged up 1% amid higher bill rates but slower backlog delivery. Operating income rose 10% to $83.4 million, with margins steady at 12%, and diluted EPS improved 8% to $1.26 on 52,368 weighted shares, reconciling cleanly to net income of $66.6 million. Cash dipped to $684.9 million after bonus payouts, yet liquidity stays robust with $845.6 million available on the new $850 million revolver due 2030 and $398 million in 4.625% notes maturing 2027; free cash flow not disclosed in the 10-Q. The Trilogy acquisition boosted interim fees by $9.7 million. Competition from automation and AI tools pressures talent acquisition margins.
8-K
Quarterly dividend declared
Korn Ferry's Board declared a quarterly cash dividend of $0.48 per share, payable October 15, 2025, to shareholders of record September 26, 2025. This reflects CEO Gary Burnison's confidence in the firm's diversified business and disciplined operations. Future payouts remain at Board discretion, tied to earnings and capital needs. Dividends signal steady cash flow amid economic uncertainties.
8-K
Korn Ferry refinances $850M revolver
Korn Ferry secured an $850 million five-year senior secured revolving credit facility on July 1, 2025, with Wells Fargo as administrative agent, replacing its prior agreement and providing up to $600 million in additional commitments under certain conditions. Interest rates tie to Term SOFR or base rate plus margins from 1.125% to 2.00%, with covenants capping secured net leverage at 3.75:1.00. This bolsters liquidity while imposing tighter restrictions on debt and investments.
10-K
FY2025 results
Korn Ferry delivered solid FY2025 results with $2.73B in fee revenue, down 1% y/y amid economic headwinds, yet net income attributable to Korn Ferry surged 45% to $246.1M (9.0% margin, up 290bps) driven by cost controls and restructuring efficiencies. Executive Search led the charge, up 5% y/y to $846.2M with North America accelerating 6% on higher engagement volume and fees, while Professional Search & Interim dipped 7% to $503.5M reflecting softer demand for permanent and interim placements. Margins expanded across segments, with Adjusted EBITDA rising 14% to $463.9M (17.0% margin, up 220bps), fueled by 5% lower compensation costs from headcount optimization. Liquidity strengthened to $1.28B in cash and equivalents, supporting $44.4M Trilogy acquisition, $88.9M buybacks, and $83.6M dividends; $400M debt matures 2027 with ample $646M revolver availability. No FY2026 guidance disclosed. Intense competition from larger consulting rivals risks eroding market share and pricing power.
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