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Jul 31, 2024

Korn Ferry Q1 2025 Earnings Report

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

Key Takeaways

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.

Total Revenue
$683M
Previous year: $706M
-3.3%
EPS
$1.18
Previous year: $0.99
+19.2%
Executive Search Engagements Billed
3.45K
Previous year: 3.63K
-5.1%
Executive Search New Engagements
1.56K
Previous year: 1.5K
+3.5%
Digital Subscription License Revenue
$34.1M
Previous year: $32.5M
+4.9%
Gross Profit
$163M
Previous year: $622M
-73.7%
Cash and Equivalents
$674M
Previous year: $562M
+19.9%
Free Cash Flow
-$238M
Previous year: -$290M
-18.1%
Total Assets
$3.45B
Previous year: $3.31B
+4.0%

Korn Ferry

Korn Ferry

Korn Ferry Revenue by Segment

Korn Ferry Revenue by Geographic Location

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.

Revenue & Expenses

Visualization of income flow from segment revenue to net income