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Korn Ferry Announces Fourth Quarter and Full Year FY'26 Results of Operations

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  • Korn Ferry reported Q4 FY'26 fee revenue of $759.8 million, a 7% year-over-year increase, and full year FY'26 fee revenue of $2.9 billion, also up 7%.
  • Estimated remaining fees under existing contracts reached $1.9 billion at the end of Q4 FY'26, representing a 10% year-over-year increase.
  • Net income attributable to Korn Ferry for Q4 was $73.1 million with a 9.6% margin, while full year net income was $277.4 million with a 9.5% margin.
  • Adjusted EBITDA for Q4 was $129.5 million (17.0% margin), and for the full year was $497.8 million (17.1% margin).
  • Diluted earnings per share for Q4 were $1.39 and $1.40 on an adjusted basis; full year diluted EPS were $5.22 and $5.28 on an adjusted basis.
  • The company repurchased 1,240,458 shares for $78.8 million during the quarter and paid $28.3 million in dividends.
  • Professional Search & Interim led growth with 14% fee revenue growth in Q4 and 11% for the full year.
  • Consulting fee revenue increased 7% in Q4 and 4% for the full year, driven by leadership development and organizational strategy offerings.
  • Executive Search fee revenue grew 7% in Q4 and 9% for the full year, driven by higher weighted-average fees per engagement.
  • RPO fee revenue rose 5% in Q4 and 4% for the full year, primarily due to new client wins in North America.
  • Digital fee revenue declined 3% in Q4 and remained flat for the full year, though subscription and license fees increased.
  • Outlook for Q1 FY'27 forecasts fee revenue between $725 million and $745 million, with diluted EPS expected between $1.32 and $1.38.