KFYNYSEServices-Employment AgenciesUS GAAP · USD

Korn Ferry

Korn Ferry is a global organizational consulting firm that helps companies design structures, hire and develop talent, and align rewards and performance systems. It combines advisory services with digital tools, subscription products, and recruitment solutions to support clients across the talent lifecycle.

Revenue2,939m USD
+6.4 %y/y
Operating profit (EBIT)375m USD
+8.2 %y/y
EBIT margin12.8%
+0.2 ppy/y
Net income277m USD
+12.7 %y/y
Free cash flow324m USD
+7.4 %y/y

Fiscal year 2026 · change from previous year

Development 2021–2026

01,0002,0003,000m USD2021: 1,820 m USD2021: EBIT 156 m USD20212022: 2,643 m USD2022: EBIT 470 m USD20222023: 2,864 m USD2023: EBIT 316 m USD20232024: 2,796 m USD2024: EBIT 213 m USD20242025: 2,761 m USD2025: EBIT 346 m USD20252026: 2,939 m USD2026: EBIT 375 m USD20262,939375
RevenueOperating profit (EBIT)

Business

Share of revenue
Consulting18 %

Advisory services for organization design, leadership, rewards, and transformation.

Digital10 %

Talent Suite software, assessments, benchmarks, and other digital tools sold directly or embedded in solutions.

Executive Search23 %

Retained search services for senior leadership and board-level hiring.

Professional Search & Interim14 %

Recruitment and interim staffing for professional and mid-level roles.

RPO10 %

Recruitment process outsourcing and related managed hiring services.

Corporate and other25 %

Central corporate functions and eliminations not allocated to operating segments.

Products

Reported · share of revenue
31.0%18.6%16.5%14.7%11.9%FY2026100 %
  • Industrial31.0 %
  • Financial Service18.6 %
  • Life Sciences and Healthcare16.5 %
  • Technology Service14.7 %
  • Consumer Goods11.9 %
  • Other7.3 %

Source: 10-K FY2026, revenue the company reports per product line (SEC XBRL). Shares are of the lines shown and add up to 100 %.

Customers

Korn Ferry sells primarily to enterprises, public-sector organizations, and not-for-profit institutions that need help with leadership, workforce, and organizational decisions. Its largest relationships are long-term strategic accounts, while the Digital business also serves thousands of clients globally through direct and embedded software use.

Strategic enterprise accounts

Large global clients that buy multiple services across consulting, search, digital, and RPO to solve enterprise-wide talent issues.

Executive hiring clients

Boards and senior management teams that use retained executive search for C-suite and leadership appointments.

Digital and subscription clients

Organizations that subscribe to Talent Suite tools such as assessments, benchmarks, and pay/recruit/sell modules.

Professional hiring and interim staffing clients

Companies needing professional search, interim executives, or managed recruitment support for ongoing hiring needs.

Public and not-for-profit organizations

Institutions that buy advisory and digital talent tools for workforce planning and selection.

Strategy

Korn Ferry’s strategy is to be the premier organizational consulting firm by linking strategy, operations, and talent through integrated client solutions. It is investing in technology, AI, and account-based selling to deepen relationships, expand cross-solution referrals, and increase recurring revenue from digital and embedded offerings.

Integrated go-to-market across solutionsShort term

Cross-selling improves client retention and increases revenue per account.

Scale digital and subscription offeringsMedium term

Recurring software-like revenue reduces dependence on project work.

Embed AI and proprietary data into deliveryMedium term

Technology improves differentiation, speed, and client stickiness.

Geography

Korn Ferry operates across North America, EMEA, APAC, and Latin America and had 103 offices in 51 countries as of April 30, 2025. The company does not disclose a country-level revenue split in the provided excerpts, but its business is globally distributed and exposed to local labor markets, currency movements, and regional hiring cycles.

Risks

Korn Ferry faces competition from large advisory firms and specialist boutiques, which can pressure pricing and win rates in search and consulting. Its model also depends on technology, data, and AI, creating cybersecurity, privacy, IP, and compliance risks, while macro weakness can reduce hiring and transformation spending.

Sorted by severity
LowMediumHighLowMediumHighImpact →Likelihood →Competitive pressure across consulting and search1AI-related operational and legal risk2Cybersecurity and data breach risk3Macroeconomic and labor-market cyclicality4
Impact is the risk’s severity and likelihood how probable it is over the next few years, both assessed from the company’s reports. Numbers match the list.
  1. Competitive pressure across consulting and searchImpact: HighLikelihood: Medium

    Large firms and boutiques compete on expertise, relationships, and price.

    ExposureExecutive searchConsultingTalent advisory
  2. AI-related operational and legal riskImpact: HighLikelihood: Medium

    The firm increasingly relies on AI for products and delivery, which can create errors, privacy issues, and IP disputes.

    ExposureTalent SuiteInternal toolsClient workflows
  3. Cybersecurity and data breach riskImpact: HighLikelihood: Medium

    The business stores sensitive client and candidate information across global systems and vendors.

    ExposureClient dataEmployee dataProprietary IP
  4. Macroeconomic and labor-market cyclicalityImpact: MediumLikelihood: Medium

    Demand for search, RPO, and transformation services falls when hiring and corporate spending slow.

    ExposureAll solution areasEspecially searchRPO

Accounting

Judgemental items
Revenue recognition across multiple service types

Consulting, retained search, RPO, and licenses may recognize revenue differently over time.

Impact: Affects quarterly comparability and mix between recurring and project revenue

Restructuring and integration/acquisition costs

Management excludes these items in adjusted measures, but they still affect GAAP earnings.

Impact: Can materially change reported operating margin

Lease accounting and office modifications

Office footprint changes can create gains, impairments, or right-of-use asset charges.

Impact: Can cause volatility in non-operating and operating expense lines

Impairment of fixed and right-of-use assets

Office rationalization or underused assets may require write-downs.

Impact: Reduces reported earnings and asset values

Publicly listed companies with a comparable business focus.

Last updated: 24/09/2026