Segments (Tables)

3 Months Ended

Jul. 31, 2025

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

___________________

(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