Segments (Tables)

12 Months Ended

Apr. 30, 2024

Segment Reporting [Abstract]

Financial Highlights

Financial highlights are as follow:

	Year Ended April 30,
	2024		2023		2022
	Consolidated
	(in thousands)
Fee revenue	$	2,762,671	$	2,835,408	$	2,626,718
Total revenue	$	2,795,505	$	2,863,836	$	2,643,455
Net income attributable to Korn Ferry	$	169,154	$	209,529	$	326,360
Net income attributable to noncontrolling interest	3,407		3,525		4,485
Other (income) loss, net	(30,681)		(5,261)		11,880
Interest expense, net	20,968		25,864		25,293
Income tax provision	50,081		82,683		102,056
Operating income	212,929		316,340		470,074
Depreciation and amortization	77,966		68,335		63,521
Other income (loss), net	30,681		5,261		(11,880)
Integration/acquisition costs	14,866		14,922		7,906
Impairment of fixed assets	1,575		4,375		1,915
Impairment of right-of-use assets	1,629		5,471		7,392
Restructuring charges, net	68,558		42,573		—
Adjusted EBITDA(1)	$	408,204	$	457,277	$	538,928

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(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.

Financial Highlights by Operating Segment

Financial highlights by reportable segments are as follows:

	Year Ended April 30, 2024
	Fee revenue		Total revenue		Adjusted EBITDA(1)
	(in thousands)
Consulting	$	695,007	$	706,805	$	114,260
Digital	366,699		366,924		108,669
Executive Search:
North America	506,927		513,545		120,710
EMEA	184,516		185,552		25,902
Asia Pacific	85,863		86,273		18,923
Latin America	28,937		28,956		5,571
Professional Search & Interim	540,615		544,453		101,868
RPO	354,107		362,997		40,399
Corporate	—		—		(128,098)
Consolidated	$	2,762,671	$	2,795,505	$	408,204

_______________________________

(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.

	Year Ended April 30, 2023
	Fee revenue		Total revenue		Adjusted EBITDA(1)
	(in thousands)
Consulting	$	677,001	$	686,979	$	108,502
Digital	354,651		354,967		97,458
Executive Search:
North America	562,139		568,212		140,850
EMEA	187,014		188,114		31,380
Asia Pacific	95,598		95,956		24,222
Latin America	31,047		31,054		9,370
Professional Search & Interim	503,395		507,058		110,879
RPO	424,563		431,496		52,588
Corporate	—		—		(117,972)
Consolidated	$	2,835,408	$	2,863,836	$	457,277

______________________________

(1)Adjusted EBITDA refers to earnings before interest, taxes, depreciation and amortization and further excludes integration/acquisition costs, impairment of fixed assets and impairment of right-of-use assets, and restructuring charges, net.

	Year Ended April 30, 2022
	Fee revenue		Total revenue		Adjusted EBITDA(1)
	(in thousands)
Consulting	$	650,204	$	654,199	$	116,108
Digital	349,025		349,437		110,050
Executive Search:
North America	605,704		609,258		181,615
EMEA	182,192		182,866		31,804
Asia Pacific	118,596		118,705		35,105
Latin America	29,069		29,079		9,089
Professional Search & Interim	297,096		297,974		106,015
RPO	394,832		401,937		59,126
Corporate	—		—		(109,984)
Consolidated	$	2,626,718	$	2,643,455	$	538,928

_______________________________

(1)Adjusted EBITDA refers to earnings before interest, taxes, depreciation and amortization and further excludes, integration/acquisition costs, impairment of fixed assets and impairment of right of-use assets.

Fee Revenue Classified by Country

Fee revenue classified by country in which the Company derives revenues are as follows:

	Year Ended April 30,
	2024		2023		2022
	(in thousands)
U.S.	$	1,507,819	$	1,568,119	$	1,348,377
Other countries	1,254,852		1,267,289		1,278,341
Total fee revenue	$	2,762,671	$	2,835,408	$	2,626,718

Long-Lived Assets, Excluding Financial Instruments and Tax Assets, Classified by Controlling Countries over Ten Percent

Long-lived assets, excluding financial instruments and tax assets, classified by location of the controlling statutory country are as follows:

	Year Ended April 30,
	2024		2023		2022
	(in thousands)
U.S.(1)	$	175,691	$	186,220	$	185,228
United Kingdom	64,280		22,893		26,711
Other countries	82,342		95,453		93,967
Total long-lived assets	$	322,313	$	304,566	$	305,906

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(1)Includes Corporate long-lived assets