Short answer
KORN FERRY (KFY) filed its fiscal 2025 10-K annual report with the SEC on Jun 27, 2025. It reported revenue of $2.8B (−1.2% year over year) and net income of $246M.
- Top risk flagged: Legal risk: Contractual obligations triggered $4.6M management separation charges due to executive's death in fiscal 2025
FY2025 key financial metrics · XBRL
- Revenue
- $2.8B
- −1.2% YoY
- Net income
- $246M
- +45.5% YoY
- Operating margin
- 12.5%
- +4.9 pp YoY
- EPS (diluted)
- $4.60
- +42.4% YoY
- ROE
- 13.2%
- +3.4 pp YoY
- Operating cash flow
- $364M
- +28.3% YoY
Source: XBRL data from the KORN FERRY (KFY) FY2025 10-K on SEC EDGAR. USD.
KORN FERRY FY2025 10-K analysis
AI summary of each section, grounded in the filing text
Business Overview
- Core business: Global consulting firm delivering integrated talent and organizational performance solutions across the talent lifecycle
- New emphasis on Digital and AI Acceleration solutions with integration of generative AI into Korn Ferry Talent Suite® platform
- Strategic shift: Expansion and deepening of long-term Marquee and Diamond client accounts, now 350 accounts generating 39% of revenue (double since program start)
- Workforce: 9,253 employees globally, with 25% revenue from cross-Solution referrals, up from 14% in 2018, reflecting enhanced collaboration
- Most notable metric: Fiscal 2025 fee revenue $2.73B, net income $246.1M with 9.0% margin up 290bps vs prior year
Management Discussion & Analysis
- Revenue $2,730.1M in fiscal 2025, down $32.6M or 1% YoY from $2,762.7M; Consulting down 5% to $662.7M, Executive Search North America up 6% to $535.9M
- Operating margin (Adjusted EBITDA margin) 17% vs 15%; Net income margin 9% vs 6%, net income $246.1M, up 45% from $169.2M in prior year
- Best segment: Executive Search North America Adj. EBITDA +23% to $148.2M (28% margin); Worst segment: Consulting fee revenue down 5%, Digital fee revenue down 1%
- Cash and equivalents $1.277B; share repurchases $88.9M in fiscal 2025, $93.8M remaining capacity; dividends increased to $0.48/share quarterly as of Mar 2025
- Management expects sufficient liquidity under current conditions but flags macroeconomic risks including inflation and recession may pressure demand and cash flows
Risk Factors
- Legal risk: Contractual obligations triggered $4.6M management separation charges due to executive's death in fiscal 2025
- Macroeconomic threat: Fiscal 2025 Marquee and Diamond Accounts represent 39% of fee revenue but grew only 3%, indicating slow top-client growth
- Operational risk: Reliance on Technology & AI for RPO segment to drive efficiency amid evolving digital hiring platforms
- Market disruption risk: Executive Search fee revenue up 5%, pressured by potential AI-driven recruitment tools and competitive firms
- Financial risk: Integration/acquisition costs of $8.8M in fiscal 2025 related to Trilogy acquisition, increasing near-term expenses
Generated from the filing text; verify against the original. How to read a 10-K
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