Korn Ferry Posts Flat Fiscal Year-End Revenues

June 18, 2025 – Korn Ferry (NYSE:KFY) has posted 2025 fiscal year-end revenues of $2.7 billion, a slight rise from the prior year. The increase was primarily driven by an increase in the number of engagements billed and an increase in weighted-average fee billed per engagement. The firm experienced fee revenue growth in North America, EMEA and APAC regions. Korn Ferry also reported its professional search and interim revenue got a boost from the acquisition of Trilogy.

The Los Angeles-headquartered executive recruiter and leadership consultant – the largest globally and in the Americas as ranked by Hunt Scanlon Media – also reported fourth quarter revenue of $712 million, an increase of 3.1 percent. In addition, fourth quarter diluted earnings per share was $1.21 and adjusted diluted earnings per share was $1.32, while full year diluted earnings per share was $4.60 and adjusted diluted earnings per share was $4.88. Net income attributable to Korn Ferry and net income attributable to Korn Ferry margin decreased slightly from the prior year, primarily due to certain income tax benefits recorded in Q4 FY’24 which reduced the prior year quarterly effective tax rate by approximately four percentage points.

During the quarter, the increase in fee revenue was due to higher fee revenue in executive search and recruitment process outsourcing (RPO), partially offset by a decline in fee revenue in consulting. RPO fee revenue increased due to recent new client wins being stood up and an increase in demand from Korn Ferry’s base clients in the North America and Asia Pacific regions.

“Even amid the ever-changing global economic and political dynamics, we continue to deliver on our financial and strategic objectives, just as we have over the past several years,” said Gary D. Burnison, CEO, Korn Ferry. “Our results reinforce the premise of Korn Ferry’s diversification strategy and our continued momentum. Through ongoing investments to extend our offerings and solutions and expand our impact, we are powering performance for clients. This foundational focus for the future underpins our conviction to a strategy that will continue to propel us forward.”

Korn Ferry recently appointed Michael LoRusso as chief information officer. He succeeded Brandon Johnson, who has retired from the CIO role after serving in this position for the last five years. “We are excited to have Mike join the firm,” said Robert Rozek, CFO and chief corporate officer, Korn Ferry. “He brings extensive IT knowledge and leadership experience to Korn Ferry, having served at several top global brands. His diverse experience, combined with a strong understanding of technology and evolving digital issues that can differentiate organizations today, will be a great fit for Korn Ferry. At the same time, we want to thank Brandon for his substantial contribution to our firm and wish him great success and happiness in the next phase of his life.”

Mr. LoRusso brings to Korn Ferry 25 years of technology and global leadership experience with a broad operational background in both the public and private sectors. His expertise spans digital transformation, application development, cybersecurity, infrastructure management and audits and compliance. Most recently, Mr. LoRusso was the CIO and head of shared services at Embecta Corp.

Korn Ferry also recently added Scott Maguire to the firm’s interim business where he will lead its North American technology practice. He will be based in the San Jose office. “Scott’s credentials in the technology sector will be instrumental as we continue to advance the scope of our relationships with and offerings to technology clients who will benefit from our Interim expertise,” said Mike Distefano, CEO of Korn Ferry’s professional search & interim business.

Related: Korn Ferry Appoints Senior Leaders

Mr. Maguire joins Korn Ferry from business and consulting firm RGP where he spent 10 years, including leading its western region and technology centric practice. Prior to that, he spent almost a decade in various management roles at Lockheed Martin.

Recent Acquisition

Korn Ferry recently closed its acquisition of U.K.-based Trilogy International. Terms of the deal were not disclosed. The acquisition is expected to be immediately accretive to Korn Ferry’s adjusted earnings. “We’re pleased to have Trilogy join Korn Ferry,” said Mr. Burnison. “Trilogy operates at the forefront of change, in a large addressable market. The company’s highly relevant digital interim professional offerings, combined with a broad EMEA footprint, will be a great fit for Korn Ferry and our clients.”

Korn Ferry Names Chief Product Officer

Korn Ferry has appointed Stacie Overbaugh as a chief product officer for its digital business, which focuses on talent products and technologies. She will be based in the firm’s San Francisco office. “Stacie will play an instrumental role in shaping the strategy for our talent suite and vision for our talent platform,” said Mathias Herzog, president of digital for Korn Ferry. “Her deep human capital management experience and expertise will be invaluable in setting the direction for our HR technology products and scaling our worldclass intellectual property, data and offerings to our clients and driving impact. We are thrilled to welcome Stacie to the team.” Ms. Overbaugh brings to Korn Ferry more than two decades of product leadership experience and extensive knowledge of the human capital management space. Prior to Korn Ferry, she held key product management and strategy roles at UKG, SAP SuccessFactors, and Workday leading global teams of product managers.

Headquartered in London, Trilogy is a provider of digital interim talent across EMEA and in the United States. “Through the combination with Trilogy, Korn Ferry’s professional search & interim business will extend its ability to scale its solutions at the intersection of talent, transformation and strategy,” the firm said.

“Trilogy is known as the technologist’s recruiter – bringing to our clients a bespoke, consultative, high-touch approach,” said Ivan Jackson, co-founder and managing director of Trilogy. “Our success is grounded in delivering the right talent with the right knowledge and technology skills to drive business value and transformation. We’re excited to start a new journey with Korn Ferry and tap into the firm’s global network of colleagues, expansive client relationships and in-depth IP and digital expertise. We look forward to the opportunity ahead.”

Outlook

Assuming worldwide geopolitical conditions, economic conditions, financial markets and foreign exchange rates remain steady, on a consolidated basis Korn Ferry expects Q1 FY’26 fee revenue to be in the range of $675 million and $695 million and Q1 FY’26 diluted earnings per share is expected to range between $1.16 to $1.24. On a consolidated adjusted basis Korn Ferry anticipates Q1 FY’26 adjusted diluted earnings per share to be in the range from $1.18 to $1.26.

Shares of Korn Ferry were recently up eight percent at $72.40, on pace for the largest percent increase since June 13 of last year. The stock is up about 8.9 percent over the past year.

Korn Ferry is a Los Angeles-headquartered executive recruiter and leadership consultant and the largest globally and in the Americas. The firm’s 8,600 colleagues serve clients in more than 50 countries.

Related: Korn Ferry Launches AI-Enabled Talent Analytics Platform

Contributed by Scott A. Scanlon, Editor-in-Chief and Dale M. Zupsansky, Executive Editor  – Hunt Scanlon Media