📈 Price History

Ratio Health

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📊 Sector Averages

About

Korn Ferry, together with its subsidiaries, engages in the provision of organizational consulting services worldwide. The company offers consulting services for talent strategies, organizational structures, and workforce capabilities; and develops, integrate, and commercializes with Korn Ferry Talent suite, as well as enabling technology across Korn Ferry's other solution areas. The company operates cloud human resources platforms comprising Korn Ferry Architect, for providing organization and talent planning architecture for an agile and future-focused workforce; Korn Ferry Assess, for empowering leaders to take actions that lead to business success; Korn Ferry Listen, for deploying engagement surveys and benchmark employee engagement; Korn Ferry Sell, for developing and replicating sales strategies; and Korn Ferry Pay, a self-service pay solution, that provides global data and insights needed in real-time to make decisions on employee compensation programs. It serves public and private companies, consumer markets, government and public services, financial services, healthcare, education, life sciences, industrial, technology, and specialties sectors. The company was formerly known as Korn/Ferry International and changed its name to Korn Ferry in January 2019. Korn Ferry was founded in 1969 and is based in Los Angeles, California.

Key Ratios Snapshot

📈 Growth Pattern

⚡ Latest Quarter —

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📊 Quick Scorecard

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⭐ Superinvestors Holding KFY

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Manager	Shares	Value	% of Fund	Period
Steve Cohen Point72 Asset Management	283.9K	$17.9M	0.02%	Mar 2026
Jim Simons Renaissance Technologies LLC	57.6K	$3.6M	0.01%	Mar 2026

SEC Form 13F data. 45-day lag from quarter end.

🔍 Concall Decoded

🎙 Management Tone Tracker Confident Specific → Stable 4 quarters analysed

Q4 2025

Confident Specific

Management uses language like 'execution has been outstanding' and 'strategy is working' while giving specific numbers: fee revenue up 4% constant currency, new business up 3%, adjusted EBITDA up 8%. They acknowledge a 'very difficult economic environment' but frame results as 'industry-leading'.

Q1 2026

Mixed

Management expressed strong confidence in strategy ('really, really pleased', 'optimistic', 'strategy is working') while simultaneously describing a 'extremely uncertain' global environment with 'labor recession', 'lingering economic challenges', and 'conservatism' in guidance.

Q2 2026

Confident Specific

Management repeatedly used phrases like 'outstanding', 'strategy is clearly working', and 'incredibly confident' while citing concrete metrics: fourth consecutive quarter of accelerating growth, 7% fee revenue growth, 27.6% cross-referral rate, and 40% of consulting engagements over $500,000.

Q3 2026 latest

Confident Specific

Management consistently used language like 'outstanding performance', 'very pleased', 'the strategy is working', and provided precise figures (e.g., fifth consecutive quarter of accelerating YoY fee revenue growth, 7% revenue growth, adjusted EBITDA up 7.5%, new business up 11%). They emphasized specific achievements: cross-business referrals at 27% of business, 40% of revenue from Marquee/Diamond accounts, and all-time highs in consulting and digital new business.

Guidance Reliability Pending · <3Q data

Investor Lens

The investment thesis is stronger after this call. Korn Ferry delivered its fifth consecutive quarter of accelerating fee revenue growth (7% YoY) with broad-based gains across all solutions and regions (except slight APAC weakness). The 'We Are Korn Ferry' strategy is driving higher cross-business referrals (27%) and deeper penetration of 4,500 key clients. The demographic/AI narrative supports long-term demand for high-end talent services. Talent Suite is still early, but initial large multi-year deals (e.g., aerospace and defense company) and a 30% jump in subscription new business are promising. Margins remain within the 16%-18% target range despite ongoing investments. Key risks to watch: the impact of escalating Middle East tensions on client decision-making (management admitted it's not yet visible) and whether the strong new business momentum can be sustained. Next quarter, focus on Q4 guidance execution (revenue midpoint $740M), any commentary on geopolitical effects on sales cycles, and updates on Talent Suite adoption among the 2,000 front-of-house colleagues.

AI-generated concall tone analysis · Updated 2026-06-08 · Not investment advice

🎙 Management Tone Confident Specific → Stable 4 quarters Full tone analysis in Intelligence →

📊 MIXED Korn Ferry Q3 FY2026: Fee revenue $717M (+7% YoY), cross-referrals at 27%

Revenue & Profitability

Consolidated fee revenue was $717 million, up 7% year-over-year. Adjusted EBITDA rose 7.5% to $123 million, with margin of 17.2%. Adjusted diluted EPS grew 8% to $1.28. For Q4 FY2026, management guided fee revenue of $730-$750 million, adjusted EBITDA margin of 17.1%-17.3%, and adjusted EPS of $1.34-$1.40. Total new business (ex-RPO) grew 11%, and RPO new business was $54 million.

Outlook

Management sees a structural labor supply imbalance driven by demographics—10,000 baby boomers retiring daily, falling birth rates, and declining labor force participation. They believe AI will not disintermediate high-end talent but will require companies to do more with less. CEO stated that most companies are in the 'first inning' of AI adoption. The firm's guidance assumes no material negative impact from the recent Middle East conflict or changes in geopolitical conditions.

Growth Drivers

Key growth levers include deepening relationships with the top 4,500 clients (currently only 1.5-2 solutions used per client), Marquee and Diamond accounts (40% of revenue), and cross-referrals (27% of revenue, up 200 bps). Consulting posted an all-time quarterly high in new business, with 44% of engagements over $0.5 million. Interim is expanding in Europe. Digital subscription and license fee revenue grew 8%, and subscription new business rose 30% YoY.

Balance Sheet & CapEx

Current CapEx run rate is approximately $80-$85 million, heavily weighted toward Talent Suite, productivity tools, and solution enhancements. Management expects this to decline to $60-$65 million in FY2027. Capital allocation was balanced, with $113 million returned to shareholders via buybacks and dividends YTD, and $64 million invested in CapEx. The board approved a 15% dividend increase to $0.55 per share.

Margins

Adjusted EBITDA margin was 17.2%, up 10 bps year-over-year. The target range is 16%-18% over the current investment horizon. Consulting margins declined 70 bps due to bonus accruals from strong revenue. Revenue per headcount has increased ~35% over three years, reflecting efficiency gains. The company expects margins to remain in the guided range for Q4 (17.1%-17.3%).

Key Risks

Risks flagged include geopolitical issues (Middle East conflict, Ukraine, China lockdowns) and macro headwinds such as a K-shaped economy, cost of living crisis, and elevated oil prices. The CEO noted that the labor market has been in a 'recession' for 36 months. Management stated that the last 10 days of market dislocation were not factored into guidance, and they expect another 90 days before gaining clearer line of sight.

Generated by AI · Q3 2026 results · Not investment advice

✓ 📞 Earnings Call Transcripts (5 quarters) submit a missing quarter

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🔎 See cross-company document search → ?

📞 Earnings Call Transcripts (5)

Q4 2026 Q4 2026 2026-06-23

Delivered strong Q4 and FY 2026 results with 7% fee revenue growth, robust margins, and expanding client relationships. Outlook for Q1 FY 2027 remains positive, with continued investment in people, technology, and buybacks.

Q3 2026 Q3 2026 2026-03-09

Fee revenue grew 7% YoY to $717M, with adjusted EBITDA up 7.5% and EPS up 8%. Strong growth in consulting, digital, and EMEA, with robust capital returns and a 15% dividend increase. Q4 guidance projects continued revenue and margin expansion.

Q2 2026 Q2 2026 2025-12-09

Fee revenue grew 7% year-over-year to $722M, with strong gains in executive search, professional search, and EMEA. Adjusted EBITDA margin was 17.3%, and new business in RPO and consulting was robust. Q3 guidance anticipates stable margins and revenue, with continued focus on holistic talent solutions.

Q1 2026 Q1 2026 2025-09-09

First quarter saw 5% revenue growth and 8% higher adjusted EBITDA, driven by strong EMEA and APAC performance and growth in Executive Search, Professional Search, and Digital. TalentSuite launch and AI initiatives are set to enhance future growth, with guidance reflecting ongoing economic caution.

Q4 2025 Q4 2025 2025-06-18

Q4 saw 4% fee revenue growth and 8% adjusted EBITDA growth, with Executive Search up 15% year-over-year. The firm projects Q1 FY26 fee revenue of $675–$695 million and continues to invest in technology and talent solutions amid ongoing macroeconomic uncertainty.

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