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Korn Ferry (KFY) stock

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NYSE: KFY NYSE Human Resource & Employment Services Next results ~December 8, 2026

B Fundamentals grade

Korn Ferry is a US-listed company in the human resource & employment services industry. Its financial year ends in April.

Stock price today

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Third-party market data · may be delayed

Fair value per share

~$110

Cash-flow model

Base case. Range ~$83–$140 across our lower- and higher-growth cases (-0.8%–9.2% a year).

Price vs value

Undervalued

The price is below our entire value range; our base value is 41% above it.

Price used: $77.97, November 2, 2026

Korn Ferry valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

  • Insiders0 buying, 4 selling0 purchases and 4 sales by directors and officers, last 12 monthsInsider trades
  • Funds204 adding, 134 cuttingOf 56 active managers that changed their stake, 31 added; quarter to June 30, 2026Fund buyers and sellers

Value diary

Our note on each quarter Korn Ferry files

Where Korn Ferry stands after its latest 10-Q

Revenue for the twelve months to July 2026 was $2.99bn, up 6.9% on a year earlier, faster than the 6.4% growth a quarter earlier. Free-cash-flow margin held at 10.7%. Against its peers on growth, profitability, cash generation and balance sheet, it grades B. It passes 7 of our 7 financial-health checks. Our cash-flow model value is $94.45 a share, against a share price of $78.67. At that price, our model says the market is pricing in about 1.0% a year of cash-flow growth for five years, close to the 2.5% a year revenue growth it has delivered.

Source: 10-Q filed September 9, 2026 on SEC EDGAR · Financials · Valuation

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~December 8, 2026 (estimated)

Korn Ferry's trailing-twelve-month revenue grew 6.9% year on year, with a free-cash-flow margin of 10.7%. Where it stands out: operating margin of 12.9% ranks 3 of 19 human resource & employment services companies we cover.

Our discounted-cash-flow model values the business at ~$110 per share in the base case (~$83–$140 across growth scenarios) — model values under stated assumptions, not a price target.

Current signal Revenue growth accelerating: TTM revenue growth rose to 6.9% (+0.5pp vs the prior quarter).

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • Priced below our value. The share price of $77.97 is 41% below our value per share of $110.
  • Net cash. Cash exceeds long-term debt by $0.4bn.
  • Beating expectations. Earnings per share beat the analysts' consensus estimate in each of the last four quarters.

Things to watch

  • Weakest spot: days sales outstanding. Days sales outstanding of 75 days ranks 13 of 18 human resource & employment services companies we cover (median 68 days).

Latest results: FY2027 Q1

Filed September 9, 2026
Earnings per share
$1.43 against an average estimate of $1.36: beat by 5.0%
Revenue
$765m, up 6.9% on a year earlier
Share reaction
-4.8% in the first session after the results on September 9, 2026, against -1.1% for the S&P 500
Guidance given
fee revenue $860m to $878m (Q2 FY'27); adjusted EBITDA margin 16.8% to 17.2% (Q2 FY'27)
Next report
December 8, 2026; average EPS estimate $1.35

Korn Ferry's figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day+1.9%
  • 1 week-1.1%
  • 1 month+8.4%
  • This year+20.9%
  • 1 year+24.3%
  • 5 years+7.8%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

Loading chart…

Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$3B
Operating margin
12.9%
Net margin
9.4%
EPS (TTM, diluted)
$5.35

Growth

Revenue growth
+6.9%
Change in growth rate
+0.5 pts
Share count change
−0.8%

Cash

Free cash flow (TTM)
$319M
FCF margin
10.7%
Stock pay % of revenue
1.6%

Earnings

Last results
September 9, 2026
Next results (est.)
December 8, 2026

News & updates

Updated October 31, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Announcement
  2. Announcement
  3. Leadership
  4. Announcement
  5. Results
  6. Announcement
  7. Guidance
  8. Dividend
  9. Announcement
  10. Deal
  11. Agreement
  12. Announcement
  13. Agreement
  14. Announcement
  15. Announcement
  16. Announcement

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

Korn Ferry valuation models and calculator

What the price is pricing in

The share price implies about 0.2% a year of cash-flow growth for five years.That is close to the 2.5% a year revenue growth Korn Ferry has delivered.

  • Priced in0.2%
  • Last 12 months6.9%
  • 3 years a year1.4%
  • 5 years a year2.5%

Our cash-flow model with every input fixed except growth over the next five years, solved for the growth at which the model value equals the share price ($75.78, Nov 3, 2026). Cash-flow growth then fades to 2.5% a year; discount rate 8.5%. Delivered figures are revenue growth from SEC filings. This is a model exercise, not investment advice or a forecast of the share price. All companies

Fundamentalytics rating

model v1.6 · 2026-11-03
Buy12-month view
12-month price target
~$110
Price used
$75.78close November 3, 2026
Implied change
▲ +45%
Uncertainty
Medium

How we got here: a discounted-cash-flow model of Korn Ferry's free cash flow after stock-based pay with after-tax interest added back ($259M, FY2027 Q1 TTM), growing 15.7% and 6.1% in the next two years (forecasts, guidance and its record), then back to 4.2% by year five, and fading to 2.5%, discounted at 8.5%. Lower and higher growth cases span ~$83–~$140 ; that spread sets a 25% margin before we rate Buy or Sell.

Produced by Fundamentalytics' automated valuation model on November 3, 2026, using delayed market prices. Rating meanings, methodology and conflicts: recommendations disclosure and research disclaimer. General research, not personal advice — it does not consider your circumstances. Prices can fall as well as rise.

Our value per share comes from a discounted-cash-flow model of Korn Ferry's free cash flow after stock-based pay ( $259M, FY2027 Q1 TTM, with after-tax interest added back): growth for five years as below (the first two years from forecasts, guidance and the company's record), fading to 2.5%, discounted at 8.5%, then cash added and debt and other claims subtracted. These are model values under stated assumptions, not price targets or recommendations.

Valuation models

We value Korn Ferry as an operating company, with every model that fits that kind of business. Cost of equity 8.7%: the 10-year Treasury yield (4.9%) plus a beta of 0.84 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Cash-flow model (DCF) Free cash flow to the firm (after stock pay, with after-tax interest added back), grown then faded to 2.5%, discounted at 8.5% as the firm rate, less debt and other claims. ~$110 ~$83–$140 Primary model, counts double
Forward price-to-earnings vs peers Next year's consensus earnings per share times peers' typical (harmonic-mean) forward price-to-earnings. Uses analysts' consensus estimates (third-party data), not our forecasts. ~$88 ~$71–$120 Included
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. ~$72 ~$51–$100 Included
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. ~$76 ~$65–$93 Included
Combined value Weighted average of the models that apply: the primary model (cash-flow model (dcf)) counts double. Models more than 5x or less than 0.2x the share price, or more than 3x away from the other models' median, are left out. ~$91 ~$72–$110 4 models

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Korn Ferry with Human Resource & Employment Services in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

What moves the value

  • Revenue growth 5 points lower ▼ −25%
  • Revenue growth 5 points higher ▲ +32%
  • Free-cash-flow margin 1 point lower ▼ −9%
  • Last year's free-cash-flow margin change, if it persists ▲ +7%
  • Discount rate 1 point higher ▼ −15%
Value per share under different assumptions
Discount rate ↓ / growth → −5% growth0% growth5% growth10% growth15% growth20% growth
7% $73$100$134$180$240$317
8.5% $56$75$100$133$176$231
10% $46$60$80$105$137$179

Valuation multiples over time Market data may be delayed

At fiscal year end 20162017201820192020202120222023202420252026Now
Share price$23.05$27.96$46.73$41.43$25.70$61.20$55.77$44.10$56.78$59.05$65.44$77.97
Market value$1.2bn$1.6bn$2.6bn$2.3bn$1.4bn$3.3bn$3.0bn$2.3bn$2.9bn$3.1bn$3.4bn$4.1bn
+ Net debt (− = net cash)−$133m−$151m−$282m−$403m−$295m−$456m−$583m−$448m−$544m−$609m−$697m−$402m
Enterprise value$1.1bn$1.4bn$2.3bn$1.9bn$1.1bn$2.8bn$2.4bn$1.8bn$2.4bn$2.5bn$2.7bn$3.7bn
Multiples
Price / sales 0.9x1.0x1.4x1.2x0.7x1.8x1.1x0.8x1.0x1.1x1.2x1.4x
Price / earnings 39.5x18.9x19.6x22.6x13.4x28.6x9.1x10.9x17.3x12.7x12.4x14.6x
Price / free cash flow 28.5x28.4x14.8x11.0x7.2x14.8x6.6x8.4x12.8x10.3x10.6x12.8x
EV / EBITDA 12.2x8.6x9.1x10.3x4.8x12.9x4.5x4.8x8.2x5.9x5.8x7.6x

Market value uses the period's diluted share count; figures for each fiscal year use that year's results and the price at year end. "Now" uses today's price and the last twelve months.

Moat

45 /100

Moderate moat

How hard Korn Ferry's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 8 / 20

    Net income has been a median 6.2% of total assets over 10 years.

  • Durability 8 / 20

    Operating margin has been a median 10.9%; its worst year was 3.9%.

  • Cash conversion 15 / 20

    Free cash flow was positive in 10 of 10 years, at a median 9.9% of revenue.

  • Discipline 17 / 20

    The diluted share count fell 2.2% over five years; stock-based pay has been a median 1.3% of revenue.

AI disruption exposure: High. In this industry, the core product is information work that AI systems increasingly perform. The score above includes a 15-point deduction for that exposure (60 before it).

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Next results: December 8, 2026, before the open. Analysts expect revenue of $870m and EPS of $1.35 (range $1.35 to $1.36) for the quarter.

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current $5.63 +7% $3.5bn +20%
Next $6.34 +13% $3.9bn +11%

Next year's EPS estimate has moved +0.4% in 90 days, across 5 analysts.

Earnings against estimates

Quarter toEstimateActualSurprise
Jul 2026 $1.36 $1.43 +5.0%
Apr 2026 $1.38 $1.40 +1.4%
Jan 2026 $1.24 $1.28 +3.6%
Oct 2025 $1.31 $1.33 +1.4%

Adjusted EPS as companies report it, against the average analyst estimate.

Management guidance

Earnings release, September 9, 2026
  • fee revenue Q2 FY'27 $860m to $878m
    “Q2 FY'27 fee revenue is expected to be in the range of $860 million and $878 million;” source
  • adjusted diluted earnings per share Q2 FY'27 $1.30 to $1.40 Non-GAAP
    “Q2 FY'27 adjusted diluted earnings per share is expected to be in the range from $1.30 to $1.40.” source
  • adjusted EBITDA margin Q2 FY'27 16.8% to 17.2% Non-GAAP
    “Q2 FY'27 adjusted EBITDA margin is expected to range from 16.8% to 17.2%; and” source

Figures and quotations are management's, copied from the company's own press release (SEC 8-K exhibit) and checked word for word against it. Forward-looking statements are the company's expectations, not ours and not advice; guidance can change or be missed.

How our valuation uses these forecasts

Our cash-flow model grows Korn Ferry's revenue by +15.7% next year and +6.1% the year after, then fades back toward its own record by year five. Next year's rate weighs analysts' consensus (+21.6%, weight 46%) , management guidance (+19.1%, weight 23%) and the company's own record (+4.2%, weight 31%) . How the weights are set.

Analyst recommendations

5 analysts, Oct 2026
Buy480%
Hold120%
Sell00%

Monthly trend

  1. Oct 2026415
  2. Sep 2026415
  3. Aug 2026415

Counts of recommendations published by analysts covering Korn Ferry, by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
5.6%
of tradable shares
Days to cover
3.71
at average volume
Short interest, 1 month
+4%
to September 30, 2026
Held by institutions
96%
of shares
Held by insiders
1.0%
of shares
Employees
8,965
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

What moved the share price

Last 12 months +24.3%

$62.74 on October 31, 2025 to $77.97

ThenNowEffect
Revenue (last 12 months) $2.8bn $3.0bn +6.9%
Net margin 9.0% 9.4% +4.6%
P/E multiple 13.2x 14.6x +10.1%
Share count 53m 52m +0.9%

Biggest factor: p/e multiple.

Last 3 years +76.2%

$44.24 on November 3, 2023 to $77.97

ThenNowEffect
Revenue (last 12 months) $2.9bn $3.0bn +4.2%
Net margin 6.2% 9.4% +50.1%
P/E multiple 12.8x 14.6x +14.1%
Share count 52m 52m −1.2%

Biggest factor: net margin.

The effects multiply back to the price change exactly. Results are the last 12 months as known on each date (filings assumed public 45 days after quarter end).

Return and risk by year

Calendar year 202120222023202420252026 to date
Return
KFY+75%−32%+19%+16%+1%+21%
Industry peers (median)+48%−17%+4%−17%−35%+17%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
KFY75%33%50%58%58%73%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
KFY−15%−39%−22%−16%−18%−18%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since November 2, 2015: 67% from August 7, 2018 to March 23, 2020. Getting back needed a 204% gain, reached on April 23, 2021, 396 days after the low.

Price behaviour

52-week range
$58.14 – $85.66
From 52-week high
−9.0%
vs 50-day average
+1.9%
vs 200-day average
+10.9%
Volatility (1 year)
29%
Beta vs S&P 500
0.12

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
8 up, 4 down
typical move ±4.1%
After a week
7 up, 5 down
typical move ±5.3%
After a month
8 up, 4 down
typical move ±7.2%
Results releasedNext dayS&P 500 next day5 days21 days
September 9, 2026 −4.8% −1.1% −5.6% −10.5%
June 23, 2026 +4.2% −1.5% −1.8% +15.8%
March 9, 2026 −1.6% +0.7% −4.9% +1.3%
December 9, 2025 +3.8% +0.6% +5.4% +6.9%
September 9, 2025 +0.3% +0.5% +0.7% −1.9%
June 18, 2025 +5.4% −0.2% +9.6% +10.3%
March 11, 2025 +6.3% −0.3% +7.8% +3.3%
December 5, 2024 −9.0% 0.0% −10.6% −15.3%
September 5, 2024 −6.6% −1.9% −2.8% +2.8%
June 13, 2024 +5.2% +0.3% +7.7% +12.6%
March 6, 2024 +1.5% +1.5% +0.4% −0.3%
December 6, 2023 +1.0% +0.4% +5.8% +6.0%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

Options strategies

All options ideas

How Korn Ferry’s listed options are priced, and three ways to use them that follow from our valuation. Quotes are delayed, read November 2, 2026. Check the live chain at your broker before trading.

Cash-secured put

Not offered: fundamentals grade B (needs B+ or better).

We suggest selling a put only on well-rated companies, at a strike where the price you would pay if assigned (strike less premium) is at or below our fair value.

Covered call

Not offered: no liquid call at or above our price target — the model says the upside is worth more than any listed strike.

For holders: sell a call at a strike at or above our fair value, so the shares are only sold at a price the model calls full value.

Collar

Not offered: the shares trade below our fair value: a collar caps upside the model expects.

For holders of a stock trading at or above our fair value: buy a put for a floor and sell a call to pay for it.

General research, not personal advice. Options can lose you more than you expect and are not suitable for everyone: put sellers can be made to buy shares that keep falling, call sellers give up gains above the strike, and results or news can move prices sharply. Chances shown are approximations from each option’s delta. Spreads, fees and early assignment are not modelled.

Korn Ferry in five measures

Fundamentals grade B
Growth Profitability Cash Balance sheet Value

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) Korn Ferry
$2.7B $2.8B $2.9B $3B FY24 Q2 FY25 Q1 FY25 Q4 FY27 Q1 Revenue (TTM), FY24 Q2: $2.8B Revenue (TTM), FY24 Q3: $2.8B Revenue (TTM), FY24 Q4: $2.8B Revenue (TTM), FY25 Q1: $2.8B Revenue (TTM), FY25 Q2: $2.7B Revenue (TTM), FY25 Q3: $2.7B Revenue (TTM), FY25 Q4: $2.8B Revenue (TTM), FY26 Q1: $2.8B Revenue (TTM), FY26 Q2: $2.8B Revenue (TTM), FY26 Q3: $2.9B Revenue (TTM), FY26 Q4: $2.9B Revenue (TTM), FY27 Q1: $3B $3B

Source: SEC EDGAR filings. Retrieved October 26, 2026.

View chart data
Period Revenue (TTM)
FY24 Q2 $2.8B
FY24 Q3 $2.8B
FY24 Q4 $2.8B
FY25 Q1 $2.8B
FY25 Q2 $2.7B
FY25 Q3 $2.7B
FY25 Q4 $2.8B
FY26 Q1 $2.8B
FY26 Q2 $2.8B
FY26 Q3 $2.9B
FY26 Q4 $2.9B
FY27 Q1 $3B
Revenue growth, TTM YoY Korn Ferry
-5% 0% 5% 10% FY24 Q2 FY25 Q1 FY25 Q4 FY27 Q1 Revenue growth, TTM YoY, FY24 Q2: -0.3% Revenue growth, TTM YoY, FY24 Q3: -0.7% Revenue growth, TTM YoY, FY24 Q4: -2.4% Revenue growth, TTM YoY, FY25 Q1: -3.3% Revenue growth, TTM YoY, FY25 Q2: -3.6% Revenue growth, TTM YoY, FY25 Q3: -3.3% Revenue growth, TTM YoY, FY25 Q4: -1.2% Revenue growth, TTM YoY, FY26 Q1: 0.8% Revenue growth, TTM YoY, FY26 Q2: 3.7% Revenue growth, TTM YoY, FY26 Q3: 5.4% Revenue growth, TTM YoY, FY26 Q4: 6.4% Revenue growth, TTM YoY, FY27 Q1: 6.9% 6.9%

Source: SEC EDGAR filings. Retrieved October 26, 2026.

View chart data
Period Revenue growth, TTM YoY
FY24 Q2 -0.3%
FY24 Q3 -0.7%
FY24 Q4 -2.4%
FY25 Q1 -3.3%
FY25 Q2 -3.6%
FY25 Q3 -3.3%
FY25 Q4 -1.2%
FY26 Q1 0.8%
FY26 Q2 3.7%
FY26 Q3 5.4%
FY26 Q4 6.4%
FY27 Q1 6.9%
Operating margin (TTM) Korn Ferry
4% 6% 8% 10% 12% 14% FY24 Q2 FY25 Q1 FY25 Q4 FY27 Q1 Operating margin (TTM), FY24 Q2: 5.8% Operating margin (TTM), FY24 Q3: 7.1% Operating margin (TTM), FY24 Q4: 7.6% Operating margin (TTM), FY25 Q1: 8.4% Operating margin (TTM), FY25 Q2: 10.8% Operating margin (TTM), FY25 Q3: 11.9% Operating margin (TTM), FY25 Q4: 12.5% Operating margin (TTM), FY26 Q1: 12.7% Operating margin (TTM), FY26 Q2: 12.8% Operating margin (TTM), FY26 Q3: 13.1% Operating margin (TTM), FY26 Q4: 12.8% Operating margin (TTM), FY27 Q1: 12.9% 12.9%

Source: SEC EDGAR filings. Retrieved October 26, 2026.

View chart data
Period Operating margin (TTM)
FY24 Q2 5.8%
FY24 Q3 7.1%
FY24 Q4 7.6%
FY25 Q1 8.4%
FY25 Q2 10.8%
FY25 Q3 11.9%
FY25 Q4 12.5%
FY26 Q1 12.7%
FY26 Q2 12.8%
FY26 Q3 13.1%
FY26 Q4 12.8%
FY27 Q1 12.9%
FCF margin (TTM) Korn Ferry
6% 8% 10% 12% FY24 Q2 FY25 Q1 FY25 Q4 FY27 Q1 FCF margin (TTM), FY24 Q2: 8.3% FCF margin (TTM), FY24 Q3: 7.5% FCF margin (TTM), FY24 Q4: 8.2% FCF margin (TTM), FY25 Q1: 10.1% FCF margin (TTM), FY25 Q2: 9.9% FCF margin (TTM), FY25 Q3: 11.5% FCF margin (TTM), FY25 Q4: 10.9% FCF margin (TTM), FY26 Q1: 10.0% FCF margin (TTM), FY26 Q2: 9.6% FCF margin (TTM), FY26 Q3: 10.0% FCF margin (TTM), FY26 Q4: 11.0% FCF margin (TTM), FY27 Q1: 10.7% 10.7%

Source: SEC EDGAR filings. Retrieved October 26, 2026.

View chart data
Period FCF margin (TTM)
FY24 Q2 8.3%
FY24 Q3 7.5%
FY24 Q4 8.2%
FY25 Q1 10.1%
FY25 Q2 9.9%
FY25 Q3 11.5%
FY25 Q4 10.9%
FY26 Q1 10.0%
FY26 Q2 9.6%
FY26 Q3 10.0%
FY26 Q4 11.0%
FY27 Q1 10.7%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-Q. Generated November 3, 2026. Definitions in our methodology.

Where the money goes

FY2026, from the 10-K

Each dollar Korn Ferry took in during FY2026, followed through to profit: what it cost to make, what went on running the business, and what was left after tax.

  1. Revenue $2.9B
  2. Selling, general and admin $248M · 8.4%
  3. Other operating costs $2.3B · 78.8%
  4. Operating income $375M · 12.8%
  5. Income tax $108M · 3.7%
  6. Net income $277M · 9.4%

Shares of revenue. Source: Korn Ferry's 10-K for FY2026, as filed with the SEC. "Other" lines are what the reported lines leave unexplained.

Financial statements

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2010 Apr 2010 2011 Apr 2011 2012 Apr 2012 2013 Apr 2013 2014 Apr 2014 2015 Apr 2015 2016 Apr 2016 2017 Apr 2017 2018 Apr 2018 2019 Apr 2019 2020 Apr 2020 2021 Apr 2021 2022 Apr 2022 2023 Apr 2023 2024 Apr 2024 2025 Apr 2025 2026 Apr 2026 LTM Jul 2026
Income
Revenue 600 776 827 850 996 1,066 1,347 1,622 1,820 1,974 1,977 1,820 2,643 2,864 2,796 2,761 2,939 2,988
EBITDA 9 98 97 63 118 142 89 168 257 187 231 218 534 385 291 427 474 483
Operating income −3 86 83 44 92 114 53 120 208 141 176 156 470 316 213 346 375 385
Net income 5 59 54 33 73 88 31 84 134 103 105 114 326 210 169 246 277 280
Diluted EPS $0.12 $1.27 $1.15 $0.70 $1.48 $1.76 $0.58 $1.47 $2.35 $1.81 $1.90 $2.09 $5.98 $3.95 $3.23 $4.60 $5.22 $5.35
Growth (year on year)
Revenue — +29.5% +6.5% +2.8% +17.2% +7.1% +26.3% +20.4% +12.2% +8.5% +0.2% −8.0% +45.2% +8.3% −2.4% −1.2% +6.4% +6.9%
EBITDA — — −1.6% −35.1% +87.3% +20.2% −37.2% +88.4% +53.4% −27.1% +23.5% −5.9% +145.2% −27.9% −24.4% +46.7% +11.0% +10.5%
Operating income — — −3.4% −47.1% +108.8% +24.5% −53.8% +128.3% +73.3% −32.4% +25.0% −11.5% +201.7% −32.7% −32.7% +62.6% +8.2% +8.8%
Net income — — −7.8% −38.7% +118.3% +21.6% −65.0% +172.3% +58.9% −23.3% +2.2% +9.1% +185.1% −35.8% −19.3% +45.5% +12.7% +11.9%
Diluted EPS — — −9.4% −39.1% +111.4% +18.9% −67.0% +153.4% +59.9% −23.0% +5.0% +10.0% +186.1% −33.9% −18.2% +42.4% +13.5% +12.8%
Margins
EBITDA margin 1.5% 12.7% 11.7% 7.4% 11.8% 13.3% 6.6% 10.3% 14.1% 9.5% 11.7% 12.0% 20.2% 13.4% 10.4% 15.5% 16.1% 16.2%
Operating margin −0.5% 11.1% 10.0% 5.2% 9.2% 10.7% 3.9% 7.4% 11.5% 7.1% 8.9% 8.6% 17.8% 11.0% 7.6% 12.5% 12.8% 12.9%
Net margin 0.9% 7.6% 6.6% 3.9% 7.3% 8.3% 2.3% 5.2% 7.4% 5.2% 5.3% 6.3% 12.3% 7.3% 6.1% 8.9% 9.4% 9.4%
Free-cash-flow margin −6.4% 8.7% 6.3% 5.7% 10.1% 8.0% 3.2% 3.5% 9.7% 10.7% 9.9% 12.1% 17.1% 9.6% 8.2% 10.9% 11.0% 10.7%
Cash flow
Cash from operations −31 96 71 62 129 107 69 106 219 259 236 251 502 344 284 364 414 404
Capital spending 7 28 19 13 29 22 26 50 42 47 41 31 49 70 55 62 90 85
Free cash flow −38 68 52 49 101 85 43 56 177 212 195 220 452 274 229 302 324 319
Stock-based pay 18 16 13 12 12 14 19 19 21 23 23 27 29 36 40 48 48 49
Free cash flow after stock pay −56 52 39 37 89 72 24 37 156 189 172 193 423 237 189 254 277 270
Balance sheet
Cash 219 247 282 224 334 381 273 411 521 626 689 851 978 844 941 1,007 1,095 801
Total debt 0 0 0 0 0 0 140 260 239 223 394 395 395 396 397 398 399 399
Net debt (negative = net cash) −219 −247 −282 −224 −334 −381 −133 −151 −282 −403 −295 −456 −583 −448 −544 −609 −697 −402
Diluted shares 45m 46m 47m 48m 49m 50m 53m 57m 56m 56m 55m 53m 53m 52m 51m 53m 53m 52m
Returned to shareholders
Dividends — 1 — — — 5 22 23 23 23 23 22 27 33 54 84 105 109
Buybacks 3 14 4 3 2 — — 29 33 37 92 30 96 95 53 89 116 106
Total returned 3 14 4 3 2 5 22 52 56 61 115 53 123 128 108 172 220 215

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

7 of 7 checks passed · July 31, 2026
What it owns · $3.8bn
Short-term assets $1.6bnLonger-term assets $2.2bn
What it owes, and who funded it · $3.8bn
Short-term liabilities $691mLonger-term liabilities $1.1bnShareholders' equity $2.0bn
  • Short-term assets cover short-term liabilities $1.6bn of assets due within a year against $691m of liabilities due within a year.
  • Short-term assets cover long-term liabilities $1.6bn short-term assets against $1.1bn of longer-dated liabilities.
  • More cash than debt $801m of cash against $399m of debt.
  • Debt below 40% of shareholders' equity Debt is 20% of equity.
  • Debt burden no higher than five years ago Debt to equity moved from 26% to 20% over five years.
  • A year's operating cash flow covers at least 20% of debt $404m of operating cash flow against $399m of debt.
  • Operating profit covers interest at least five times over No material interest expense reported.

From Korn Ferry's latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

FY2027 Q1 TTM
Buybacks (TTM)
$106M
Dividends (TTM)
$109M
Returned to shareholders
67%
of free cash flow
Buybacks, last 3 fiscal years
$258M
Diluted share count
−0.8%
year over year
Total shareholder yield
5.4%
dividends 2.7% + buybacks 2.7% of market value
Dividend payout ratio
39%
of net income paid out
Days sales outstanding
75 days
receivables vs revenue

Competitors: side by side with peers

Closest by revenue in human resource & employment services
Last 12 months unless stated KFY EFOR KELYA TNET TBI RHI Median
Revenue, last 12 months $3.0bn $4.0bn $4.1bn $4.8bn $1.7bn $5.3bn $1.7bn
Revenue growth, last 12 months 6.9% 0.0% −9.6% −4.2% 10.2% −2.9% 5.6%
Revenue growth, 3-year average 1.4% −4.1% −6.0% −0.7% −6.6% −7.3% −0.5%
Revenue growth, latest quarter 6.9% 2.0% −5.8% −4.6% 11.8% 0.4% 5.2%
Gross margin — 28.3% 19.7% — 21.2% 37.3% 28.0%
Operating margin 12.9% 4.6% −2.3% 6.8% −2.9% 1.4% 1.0%
Operating margin, 3-year average 11.3% 6.1% −0.6% 8.9% −3.3% 2.3% 2.3%
Net margin 9.4% 1.7% −6.7% 3.6% −3.3% 2.3% 1.5%
Cash from operations / revenue 13.5% 5.8% 0.7% 7.8% −3.2% 4.6% 1.9%
Free-cash-flow margin 10.7% 4.9% 0.5% 5.9% −4.0% 3.9% 1.2%
Free-cash-flow margin, 3-year average 10.3% 7.1% 1.5% 8.2% −3.1% 4.6% 2.4%
Stock pay / revenue 1.6% 1.3% 0.3% 1.4% 0.4% — 1.3%
Change in share count −0.8% −5.8% −1.9% −2.1% 1.3% −0.7% −0.1%

Median of all 21 companies we cover in human resource & employment services. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

21 human resource & employment services companies
Measure Company Peer median Rank
Revenue growth Growth 6.9% 5.6% 9 of 21
Change in growth rate Growth +0.5pp +0.5pp 11 of 20
Operating margin Profitability 12.9% 0.6% 3 of 19
Net margin Profitability 9.4% 1.5% 5 of 21
Free-cash-flow margin Cash generation 10.7% 1.2% 5 of 21
Stock pay as % of revenue Cash generation 1.6% 1.3% 14 of 20
Long-term debt as % of assets Balance sheet 10.4% 11.3% 7 of 14
Change in share count Balance sheet -0.8% -0.1% 8 of 20
Days sales outstanding Balance sheet 75 days 68 days 13 of 18

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Where the revenue comes from

Fiscal year to April 30, 2026
Products and services
Line of business Revenue Share YoY
Services $2.9B 98.9% ▲ 6.5%
Industrial $911M 31.3% ▲ 11.8%
Financial Service $547M 18.8% ▲ 5.9%
Life Sciences and Healthcare $486M 16.7% ▲ 2.1%
Technology services $433M 14.9% ▲ 9.2%
Consumer Goods $348M 12.0% ▼ 0.2%
Education Non Profit and General $183M 6.3% ▲ 2.9%
Reimbursed Out of Pocket Engagement Expenses $31.2M 1.1% ▲ 0.6%

From Korn Ferry's 10-K filed June 26, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Who owns it

Funds buying and selling
Reported value
$3.4B
Institutions reporting
360
Shares held vs prior quarter
▲ 1.9%
Positions opened / closed
50 / 35

Top buyers and sellers, Q2 2026: 204 institutions bought and 134 sold ; the biggest buyer was Deprince Race & Zollo Inc (+748K shares) and the biggest seller Wellington Management Group LLP (−1.0M). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Blackrock, Inc. $532M 8.0M 15.5% ▲ 2.2%
Vanguard Portfolio Management LLC $229M 3.4M 6.7% ▲ 0.3%
Dimensional Fund Advisors LP $211M 3.2M 6.2% ▲ 5.4%
Wellington Management Group LLP $168M 2.5M 4.9% ▼ 29.3%
Vanguard Capital Management LLC $155M 2.3M 4.5% ▼ 0.7%
State Street Corp $141M 2.1M 4.1% ▲ 4.2%
Charles Schwab Investment Management Inc $140M 2.1M 4.1% ▲ 6.6%
Invesco Ltd. $121M 1.8M 3.5% ▲ 52.3%
American Century Companies Inc $110M 1.7M 3.2% ▲ 20.7%
Geode Capital Management, LLC $92.1M 1.4M 2.7% ▲ 5.9%
Morgan Stanley $71.5M 1.1M 2.1% ▲ 14.3%
Victory Capital Management Inc $61.2M 920K 1.8% ▼ 2.3%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Korn Ferry's complete shareholder register. Values are as reported by the filers ; 5 inconsistently scaled filing rows were excluded.

Insider trading activity

Full insider history and chart
Insider purchases History → $0 0 trades by 0 insiders, last 12 months Insider sales History → $982,480 4 trades by 4 insiders · 0% under pre-set plans
Net ▼ $982,480 net selling
Insider Date Trade Shares Price Value
Rozek Robert P EVP, CFO & CCO September 23, 2026 Sell 3,709 $75.03 $278,286
Martinez Angel R Director July 17, 2026 Sell 3,740 $79.00 $295,460
Uren Lesley CEO of Consulting July 16, 2026 Sell 2,000 $78.75 $157,500
Distefano Michael See Remarks July 15, 2026 Sell 3,370 $74.55 $251,234

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Earnings dates and SEC filings

Results announcements

Next expected around December 8, 2026 estimated from the company's past filing pattern, not announced

  • September 9, 2026
  • June 23, 2026
  • March 9, 2026
  • December 9, 2025
  • September 9, 2025
  • June 18, 2025

Recent SEC filings

Data status

When each part of this page on Korn Ferry was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Korn Ferry in brief

What does Korn Ferry do?
Korn Ferry is a US-listed company in the human resource & employment services industry. Its financial year ends in April.
What is Korn Ferry's stock ticker?
Korn Ferry trades under the ticker KFY on NYSE. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Korn Ferry's revenue, and how fast is it growing?
Over its most recent trailing twelve months, Korn Ferry reported revenue of $3B, 6.9% higher than a year earlier, according to its SEC filings.
What is Korn Ferry's free cash flow?
Korn Ferry's free-cash-flow margin is 10.7% of revenue over the trailing twelve months, ranking 5 of the 21 human resource & employment services companies we cover.
What is Korn Ferry's fair value (intrinsic value) per share?
Our discounted-cash-flow model of Korn Ferry's free cash flow after stock-based pay gives ~$110 per share in the base case, and ~$83–$140 across growth scenarios. These are model values under stated assumptions — not a price target or a recommendation.
Who are Korn Ferry's largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Blackrock, Inc., Vanguard Portfolio Management LLC and Dimensional Fund Advisors LP. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
Is Korn Ferry buying back stock, and does it pay a dividend?
Korn Ferry spent $106M on share repurchases over the trailing twelve months, and its diluted share count fell 0.8% over the year.
What is Korn Ferry's market cap?
On November 2, 2026, Korn Ferry's market capitalisation was about $4.1B, with a price-to-earnings ratio of 14.6 and net debt of -$402M. Market figures come from third-party market data and may be delayed.
Does Korn Ferry pay a dividend?
Yes: Korn Ferry paid $109M in dividends over the trailing twelve months, a dividend yield of 2.74% and a payout ratio of 38.8%.
How much debt does Korn Ferry have?
Korn Ferry's debt-to-equity ratio is 20.0%, from its latest balance sheet (25.8% five years earlier). The financial health section below sets out its other solvency checks.
Who are Korn Ferry's competitors?
In our Human Resource & Employment Services peer group, the companies closest to Korn Ferry are Everforth Inc, Kelly Services Inc, Trinet Group, Inc., Trueblue, Inc. and Robert Half Inc. The side-by-side comparison below sets their revenue, margins and growth against Korn Ferry's.
Are insiders buying or selling Korn Ferry stock?
Over the last 12 months, Korn Ferry's directors and officers reported 0 open-market purchases and 4 sales on Form 4. The insider trading page charts every trade.
When is Korn Ferry's next earnings date?
Around December 8, 2026, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — Korn Ferry announces its own schedule.