Segments (Tables)

9 Months Ended

Jan. 31, 2025

Segment Reporting [Abstract]

Schedule of Financial Highlights

Financial highlights are as follows:

	Three Months Ended January 31,				Nine Months Ended January 31,
	2025		2024		2025		2024
	Consolidated
	(in thousands)
Fee revenue	$	668,729	$	668,679	$	2,018,040	$	2,071,871
Total revenue	$	676,538	$	676,873	$	2,041,259	$	2,095,582
Net income attributable to Korn Ferry	$	58,414	$	59,071	$	181,818	$	103,965
Net income attributable to noncontrolling interest	925		649		4,120		2,984
Interest expense, net	5,461		4,946		15,032		16,282
Income tax provision	22,795		9,018		70,047		29,779
Depreciation and amortization	20,490		19,509		59,756		58,075
Integration/acquisition costs	2,127		3,899		7,099		13,057
Impairment of fixed assets	509		—		509		1,575
Impairment of right-of-use assets	2,452		—		2,452		1,629
Restructuring charges, net	1,316		4,612		1,892		68,558
Adjusted EBITDA (1)	$	114,489	$	101,704	$	342,725	$	295,904

___________________

(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 when applicable.

Schedule of Financial Highlights by Operating Segment

Financial highlights by reportable segments are as follows:

	Three Months Ended January 31,
	2025						2024
	Fee revenue		Total revenue		Adjusted EBITDA		Fee revenue		Total revenue		Adjusted EBITDA
	(in thousands)
Consulting	$	158,704	$	161,382	$	28,026	$	166,947	$	169,929	$	27,812
Digital	90,823		90,836		28,408		90,317		90,394		27,370
Executive Search:
North America	128,264		129,889		37,175		121,449		123,059		29,382
EMEA	47,840		48,087		7,845		48,999		49,171		7,799
Asia Pacific	21,664		21,794		4,504		21,324		21,384		4,500
Latin America	6,803		6,807		1,696		7,541		7,543		1,750
Professional Search & Interim	129,957		130,854		27,265		130,890		131,824		23,795
RPO	84,674		86,889		12,743		81,212		83,569		9,291
Corporate	—		—		(33,173)		—		—		(29,995)
Consolidated	$	668,729	$	676,538	$	114,489	$	668,679	$	676,873	$	101,704

	Nine Months Ended January 31,
	2025						2024
	Fee revenue		Total revenue		Adjusted EBITDA		Fee revenue		Total revenue		Adjusted EBITDA
	(in thousands)
Consulting	$	493,345	$	501,533	$	86,426	$	512,830	$	521,675	$	81,920
Digital	271,896		272,085		84,219		275,395		275,563		80,678
Executive Search:
North America	392,907		397,395		109,180		381,459		386,405		87,574
EMEA	140,609		141,495		22,597		138,873		139,621		19,056
Asia Pacific	63,707		64,038		13,154		65,167		65,454		14,690
Latin America	21,982		21,992		7,046		22,041		22,050		4,296
Professional Search & Interim	372,805		375,572		80,174		411,453		414,348		73,746
RPO	260,789		267,149		38,136		264,653		270,466		28,617
Corporate	—		—		(98,207)		—		—		(94,673)
Consolidated	$	2,018,040	$	2,041,259	$	342,725	$	2,071,871	$	2,095,582	$	295,904