NYSE$KFY

Korn Ferry · Q1 2025 earnings

Q1 2025 earnings · · Investor relations

Briefing

Korn Ferry's first quarter results reflected a decrease in fee revenue but improved profitability.

Korn Ferry reported Q1 FY'25 fee revenue of $674.9 million, a 3% year-over-year decrease. Diluted EPS was $1.17 and adjusted diluted EPS was $1.18. Operating margin increased to 11.3%, and adjusted EBITDA margin reached 16.5%.

  • Fee revenue decreased by 3% year-over-year, but Executive Search fee revenue increased by 2%.
  • Consulting and Digital fee revenue remained stable year-over-year.
  • Diluted earnings per share was $1.17 and adjusted diluted earnings per share was $1.18.
  • Adjusted EBITDA margin improved to 16.5%, marking the fifth consecutive quarter of sequential improvement.

Headline financials

Total Revenue

$683M

Previous: $706M-3.3%
EPS

$1.17

Previous: $0.99+18.2%
Exec Search Engagements Billed

3.4K

Previous: 3.6K-5.1%
Exec Search New Engagements

1.6K

Previous: 1.5K+3.5%
Digital Sub & License Revenue

$34.1M

Previous: $32.5M+4.9%
Consulting Avg Bill Rate

$425.00

Previous: $394.00+7.9%
Consulting Hours Worked

395.0K

No prior period
Consulting Ending Consultants

1.7K

No prior period
Digital Ending Consultants

259

No prior period
Exec Search Ending Consultants

559

No prior period
Exec Search Avg Consultants

551

No prior period
Perm Placement Engagements

1.8K

No prior period
Perm Placement New Engagements

972

No prior period
Interim Average Bill Rate

$133.00

Previous: $122.00+9.0%
Interim Avg Weekly Consultants

1.1K

No prior period
RPO New Business

$104M

No prior period
Capital Expenditures

-$10.5M

Previous: -$15.7M+33.0%
Free Cash Flow

$52.1M

Previous: $30.9M+68.4%
Net Income

$62.6M

Previous: $46.6M+34.3%
Operating Income

$76.1M

Previous: $56.8M+34.0%
Gross Profit

$1.15M

Previous: $1.06M+8.5%
Cash & Equivalents

$633M

Previous: $562M+12.7%
Total Assets

$3.45B

Previous: $3.31B+4.0%
Stock-Based Comp

$10.8M

Previous: $8.73M+23.5%

Revenue & EPS history

Korn Ferry · Revenue · Quarterly

$683M

Q1 2025-3.3%vs Q1 2024
Beat estimate in 12 of 16 quarters(75%)
ActualEstimate

Revenue by segment

Korn Ferry · $616M total across 4 segments · Q2 2024

  • Executive Search
    $203M-7.1%
  • Consulting
    $178M+2.7%
  • Professional Search & Interim
    $138M+2.7%
  • Digital
    $97.1M+3.0%

Forward guidance

Korn Ferry expects Q2 FY'25 fee revenue to be in the range of $655 million to $685 million, with diluted earnings per share between $1.11 and $1.23, and adjusted diluted earnings per share between $1.14 and $1.26.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q1 2025

Historical avgQ1 2025

+0.1%

Avg return

Earnings day

-0.4%

Avg return

5 days after

-0.3%

Avg return

30 days after

49%

34 / 69 earnings

Positive

+15.1%

Q3 2018

Best reaction

-23.2%

Q1 2019

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q4 2026-0.3%+0.2%
Q3 2026-1.5%-4.6%+0.5%
Q2 2026+4.2%+7.6%+4.7%
Q1 2026+0.4%-0.3%-2.9%
Q4 2025+0.0%+6.7%+11.2%
Q3 2025+7.6%+7.7%+0.7%
Q2 2025-9.0%-8.5%-13.5%
Q1 2025-6.6%-1.6%+2.3%
Q4 2024+5.2%+4.9%+6.5%
Q3 2024+1.5%+1.2%-0.8%
Q2 2024+1.0%+4.8%+3.4%
Q1 2024-2.6%-3.6%-2.6%
Q4 2023-5.2%-2.6%+2.0%
Q3 2023+2.6%-5.1%-10.0%
Q2 2023-5.4%-4.6%-3.9%
Q1 2023-14.7%-11.9%-17.0%
Q4 2022+3.6%+7.8%+16.0%
Q3 2022-0.1%+2.8%+5.9%
Q2 2022+1.2%+1.6%-4.5%
Q1 2022+3.3%+0.3%+4.3%
Q4 2021+8.4%+12.3%+0.3%
Q3 2021+11.4%+8.8%+6.8%
Q2 2021+7.1%+9.2%+16.0%
Q1 2021-5.1%-6.1%-5.1%
Q4 2020-3.0%-9.1%-7.5%
Q3 2020-5.5%-7.2%-3.3%
Q2 2020-0.8%-0.3%+6.7%
Q1 2020-5.2%-4.5%-6.5%
Q4 2019-15.7%-18.7%-17.4%
Q3 2019-4.7%-0.6%+0.5%
Q2 2019-3.5%-0.7%-10.3%
Q1 2019-23.2%-23.5%-25.7%
Q4 2018+13.4%+14.4%+14.8%
Q3 2018+15.1%+16.8%+24.3%
Q2 2018-1.1%-2.1%-1.0%
Q1 2018+7.9%+8.0%+19.9%
Q4 2017+4.3%+3.0%+3.5%
Q3 2017-3.2%-3.5%-5.9%
Q2 2017+10.4%+14.5%+6.0%
Q1 2017-5.3%-9.3%-12.1%
Q4 2016-21.1%-20.8%-18.2%
Q3 2016-6.6%
Q2 2016-1.9%
Q1 2016+0.9%
Q4 2015+2.3%
Q3 2015-2.8%
Q2 2015+1.3%
Q1 2015-1.3%
Q4 2014-3.4%
Q3 2014+13.9%
Q2 2014+4.4%
Q1 2014+14.0%
Q4 2013+4.5%
Q3 2013-1.3%
Q2 2013+2.3%
Q1 2013-5.3%
Q4 2012-0.5%
Q3 2012+2.8%
Q2 2012-1.7%
Q1 2012-1.3%
Q4 2009+1.5%
Q4 2011+1.5%
Q3 2010-0.3%
Q3 2011-0.3%
Q2 2011+1.6%
Q1 2011+3.5%
Q1 2010+3.5%
Q4 2010+3.5%
Q2 2010+3.5%

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