KORN FERRY

Listed Company

KFYCIK 0000056679NYSELarge AcceleratedServices-Employment AgenciesDelawareFY ends Apr 30

Period

FY 2025

Revenue

$2.76B

Net Income

$246.06M

Total Assets

$3.86B

Equity

$1.87B

Shares Out

51.89M

Op. Cash Flow

$364.36M

Business

KORN FERRY is a global consulting firm that powers organizational performance by aligning strategy, operations, and talent to help clients optimize workforce effectiveness. It offers services and products across the talent lifecycle, including executive search, professional recruiting, interim talent, assessment and succession tools, leadership development, total rewards design, and a proprietary Korn Ferry Talent Suite platform with subscription and license options. The company operates through five Solution areas—Consulting, Digital, Executive Search, Professional Search & Interim, and RPO—supported by the Korn Ferry Institute. Korn Ferry serves clients worldwide via strategic account partnerships, project-based engagements, embedded solutions, and digital subscriptions across North America, EMEA, APAC, and Latin America.

Summary from filing dated 2025-06-27

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-04-30	FY 2024 2024-04-30	FY 2023 2023-04-30	FY 2022 2022-04-30	FY 2021 2021-04-30
Total revenue	2,761	2,796	2,864	2,643	1,820
Compensation and benefits	1,758	1,844	1,901	1,741	1,298
General and administrative expenses	258	259	268	237	192
Depreciation and amortization	80	78	68	64	62
Restructuring charges, net	2	69	43	0	31
Total operating expenses	2,415	2,583	2,547	2,173	1,664
Operating income	346	213	316	470	156
Other income, net	19	31	5	−12	37
Interest expense, net	−20	−21	−26	−25	−29
Income before provision for income taxes	345	223	296	433	164
Income tax provision	94	50	83	102	48
Net income	251	173	213	331	116
Net income attributable to noncontrolling interest	−5	−3	−4	−4	−1
Net income attributable to Korn Ferry	246	169	210	326	114
Basic (in dollars per share)	4.69	3.25	3.98	6.04	2.11
Diluted (in dollars per share)	4.6	3.23	3.95	5.98	2.09
Basic (in shares)	52	51	51	53	53
Diluted (in shares)	53	51	52	53	53

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-04-30	FY 2024 2024-04-30	FY 2023 2023-04-30	FY 2022 2022-04-30	FY 2021 2021-04-30
Cash and cash equivalents	1,007	941	—	978	851
Marketable securities	36	43	45	57	64
Receivables due from clients, net of allowance for doubtful accounts of $40,461 and $44,192 at April 30, 2025 and 2024, respectively	565	541	570	590	449
Income taxes and other receivables	38	41	68	32	—
Unearned compensation	62	59	63	61	53
Prepaid expenses and other assets	41	49	49	42	31
Total current assets	1,750	1,674	1,639	1,760	1,487
Marketable securities, non-current	234	212	179	176	183
Property and equipment, net	174	162	162	138	132
Operating lease right-of-use assets, net	153	160	143	168	174
Cash surrender value of company-owned life insurance policies, net of loans	253	219	198	183	161
Deferred income taxes	145	134	102	85	73
Goodwill	949	908	909	726	627
Intangible assets, net	70	89	114	90	93
Unearned compensation, non-current	107	100	104	118	102
Investments and other assets	28	21	25	21	24
Total assets	3,861	3,679	3,574	3,465	3,057
Accounts payable	59	50	53	51	45
Income taxes payable	23	24	20	34	23
Compensation and benefits payable	530	525	533	548	395
Operating lease liability, current	39	36	46	49	48
Other accrued liabilities	305	299	324	302	239
Total current liabilities	956	935	976	984	750
Deferred compensation and other retirement plans	478	440	397	357	346
Operating lease liability, non-current	132	144	119	151	156
Long-term debt	398	397	396	395	395
Deferred tax liabilities	6	5	5	3	4
Other liabilities	20	22	28	24	37
Total liabilities	1,989	1,942	1,921	1,915	1,688
Commitments and contingencies	—	—	—	—	—
Common stock: $0.01 par value, 150,000 shares authorized, 78,264 and 77,460 shares issued and 51,458 and 51,983 shares outstanding at April 30, 2025 and 2024, respectively	364	415	430	502	583
Retained earnings	1,588	1,426	1,311	1,135	835
Accumulated other comprehensive loss, net	−86	−108	−93	−92	−52
Total Korn Ferry stockholders' equity	1,866	1,733	1,648	1,544	1,366
Noncontrolling interest	6	4	5	5	2
Total stockholders' equity	1,872	1,737	1,653	1,550	1,369
Total liabilities and stockholders' equity	3,861	3,679	3,574	3,465	3,057

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-04-30	FY 2024 2024-04-30	FY 2023 2023-04-30	FY 2022 2022-04-30	FY 2021 2021-04-30
Stock-based compensation expense	48	40	36	29	27
Provision for doubtful accounts	21	21	22	22	16
Gain on marketable securities	−17	−30	−3	12	−39
Gain on cash surrender value of life insurance policies	−12	−9	−11	−6	−13
Deferred income taxes	−6	−32	−14	−17	−14
Impairment of right-of-use assets	3	2	6	7	0
Impairment of fixed assets	509,000	2	4	2	0
Deferred compensation	41	65	52	27	64
Receivables due from clients	−33	8	33	−139	−67
Income taxes and other receivables	6	14	−26	4	6
Prepaid expenses and other assets	8	−239,000	−6	−10	−4
Unearned compensation	−9	8	12	−23	−33
Income taxes payable	−5	3	−15	13	−2
Accounts payable and accrued liabilities	−2	−55	−28	191	123
Other	−9	−2	−1	−6	10
Net cash provided by operating activities	364	284	344	502	251
Purchase of property and equipment	−62	−55	−70	−49	−31
Cash paid for acquisitions, net of cash acquired	−44	0	−255	−134	0
Proceeds from sales/maturities of marketable securities	42	46	66	92	70
Purchase of marketable securities	−39	−46	−54	−82	−103
Premium on company-owned life insurance policies	−28	−15	−15	−15	−15
Proceeds from life insurance policies	7	16	4	3	19
Dividends received from unconsolidated subsidiaries	40,000	0	150,000	255,000	205,000
Net cash used in investing activities	−125	−54	−323	−184	−61
Dividends paid to shareholders	−84	−54	−33	−27	−22
Repurchases of common stock	−89	−53	−95	−96	−30
Payments of tax withholdings on restricted stock	−17	−11	−22	−19	−5
Proceeds from issuance of common stock in connection with an employee stock purchase plan	8	8	8	7	6
Payments on life insurance policy loans	−4	−123,000	−3	−178,000	−12
Dividends paid to noncontrolling interest	−3	−4	−5	−1	−1
Principal payments on finance leases	−2	−2	−2	−1	−1
Net cash used in financing activities	−191	−116	−152	−137	−67
Effect of exchange rate changes on cash and cash equivalents	18	−17	−2	−53	38
Net increase (decrease) in cash and cash equivalents	66	97	−134	127	162
Cash used to pay interest	25	25	25	25	25
Cash used to pay income taxes, net of refunds	107	72	135	108	55

Filings

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