Short answer
KORN FERRY (KFY) filed its fiscal 2026 10-K annual report with the SEC on Jun 26, 2026. It reported revenue of $2.9B (+6.4% year over year) and net income of $277M.
- Top risk flagged: Regulatory risk: EU proposed stringent AI regulations impacting Korn Ferry’s AI use and compliance, with potential penalties and operational limits
FY2026 key financial metrics · XBRL
- Revenue
- $2.9B
- +6.4% YoY
- Net income
- $277M
- +12.7% YoY
- Operating margin
- 12.8%
- +0.2 pp YoY
- EPS (diluted)
- $5.22
- +13.5% YoY
- ROE
- 14.1%
- +0.9 pp YoY
- Operating cash flow
- $414M
- +13.7% YoY
Source: XBRL data from the KORN FERRY (KFY) FY2026 10-K on SEC EDGAR. USD.
KORN FERRY FY2026 10-K analysis
AI summary of each section, grounded in the filing text
Business Overview
- Core business: Global consulting firm delivering integrated talent, leadership, and organizational solutions across workforce strategy and execution
- New emphasis: Expanded AI integration across platforms and workflows, accelerating digital transformation in fiscal 2026
- Strategic shift: Transitioning external reporting to a regional model from fiscal 2027 to better align with client delivery and We Are Korn Ferry initiative
- Quantitative standout: 8,965 employees worldwide; $2.91B fee revenue with 9.5% net margin, up 50bps from prior year
- Noteworthy fact: Named Official Talent and Organizational Consulting Partner for the LA28 Olympic and Paralympic Games, managing 5,000+ workforce planning
Management Discussion & Analysis
- Revenue $2,907.5M, up 7% YoY from $2,730.1M; driven by Professional Search & Interim (+11%), Executive Search North America (+9%), EMEA (+11%), Asia Pacific (+12%), and Consulting (+4%)
- Net income $277.4M with margin 9.5% vs 9.0% prior year; Adjusted EBITDA $497.8M with margin stable at 17.1%
- Best segment: Executive Search North America fee revenue $583.4M (+9%) with 30% Adjusted EBITDA margin; Worst: Executive Search Latin America revenue down 3%, Adjusted EBITDA margin 20% vs 28% prior year
- Cash from operations $414.2M; invested $98.7M (down from $125.5M prior year); share repurchases $116.1M (up from $88.9M); dividends increased 15% to $0.55/share quarterly
- Management cautious on macro risks including inflation, geopolitical tensions, potential recession; expects sufficient liquidity from operations and credit facility for next 12 months and beyond
Risk Factors
- Regulatory risk: EU proposed stringent AI regulations impacting Korn Ferry’s AI use and compliance, with potential penalties and operational limits
- Geopolitical threat: 48% of fee revenue from international operations exposed to instability from Middle East conflict and Russia-Ukraine tensions
- Operational vulnerability: Dependence on top 10 consultants generating ~4% of total fee revenues risks client loss if they depart
- Competitive disruption: AI-enabled competitors like Eightfold AI, Google for Jobs, LinkedIn threaten Korn Ferry’s executive search and digital services
- Financial risk: $400M senior unsecured notes due 2027 with $845.7M available under revolving credit facility, high leverage constrains operations and growth
Generated from the filing text; verify against the original. How to read a 10-K
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