KORN FERRY (KFY) FY2026 10-K Annual Report
KORN FERRY (KFY) 10-K annual report for fiscal year 2026, filed with SEC EDGAR on Jun 26, 2026. This page provides AI-powered analysis including business overview, management discussion & analysis (MD&A), risk factors, and key financial data such as revenue, net income, gross margin, operating margin, and return on equity (ROE) extracted from XBRL.
KORN FERRY FY2026 10-K Analysis
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
KORN FERRY FY2026 Key Financial MetricsXBRL
Revenue
$2.9B
▲ +6.4% YoY
Net Income
$277M
▲ +12.7% YoY
Operating Margin
12.8%
▲ +21bp YoY
Net Margin
9.4%
▲ +53bp YoY
ROE
14.1%
▲ +88bp YoY
Total Assets
$4.1B
▲ +5.3% YoY
EPS (Diluted)
$5.22
▲ +13.5% YoY
Operating Cash Flow
$414M
▲ +13.7% YoY
Source: XBRL data from KORN FERRY FY2026 10-K filing on SEC EDGAR. All figures in USD.
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