Korn Ferry cash flow statement
In fiscal 2026, Korn Ferry's operations generated $414m of cash; it spent $89.9m on capital projects, leaving free cash flow of $324m. It returned $105m in dividends and $116m through buybacks.
Cash flow statement
| Fiscal year | 2010Apr 2010 | 2011Apr 2011 | 2012Apr 2012 | 2013Apr 2013 | 2014Apr 2014 | 2015Apr 2015 | 2016Apr 2016 | 2017Apr 2017 | 2018Apr 2018 | 2019Apr 2019 | 2020Apr 2020 | 2021Apr 2021 | 2022Apr 2022 | 2023Apr 2023 | 2024Apr 2024 | 2025Apr 2025 | 2026Apr 2026 | LTMJul 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −31 | 96 | 71 | 62 | 129 | 107 | 69 | 106 | 219 | 259 | 236 | 251 | 502 | 344 | 284 | 364 | 414 | 404 |
| Depreciation and amortisation | 11 | 13 | 14 | 19 | 26 | 28 | 36 | 47 | 49 | 46 | 55 | 62 | 64 | 68 | 78 | 80 | 99 | 98 |
| Stock-based pay | 18 | 16 | 13 | 12 | 12 | 14 | 19 | 19 | 21 | 23 | 23 | 27 | 29 | 36 | 40 | 48 | 48 | 49 |
| 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 |
| Free cash flow after stock pay | −56 | 52 | 39 | 37 | 89 | 72 | 24 | 37 | 156 | 189 | 172 | 193 | 423 | 237 | 189 | 254 | 277 | 270 |
| Dividends paid | — | 1 | — | — | — | 5 | 22 | 23 | 23 | 23 | 23 | 22 | 27 | 33 | 54 | 84 | 105 | 109 |
| Share buybacks | 3 | 14 | 4 | 3 | 2 | — | — | 29 | 33 | 37 | 92 | 30 | 96 | 95 | 53 | 89 | 116 | 106 |
| Quarter | 2025 Q2Oct 2024 | 2025 Q3Jan 2025 | 2025 Q4Apr 2025 | 2026 Q1Jul 2025 | 2026 Q2Oct 2025 | 2026 Q3Jan 2026 | 2026 Q4Apr 2026 | 2027 Q1Jul 2026 |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | 122 | 214 | 256 | −237 | 121 | 233 | 297 | −248 |
| Depreciation and amortisation | 20 | 20 | 21 | 23 | 32 | 23 | 22 | 22 |
| Stock-based pay | 11 | 11 | 14 | 11 | 13 | 12 | 12 | 12 |
| Capital spending | 14 | 17 | 20 | 23 | 21 | 22 | 25 | 18 |
| Free cash flow | 108 | 196 | 236 | −260 | 101 | 212 | 272 | −266 |
| Free cash flow after stock pay | 96 | 185 | 221 | −271 | 88 | 200 | 260 | −278 |
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