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Jan 31, 2025
Korn Ferry Q3 2025 Earnings Report
Korn Ferry maintained stable revenue in Q3 FY25 with growth in certain segments.
Key Takeaways
Korn Ferry reported fee revenue of $668.7 million in Q3 FY25, flat year-over-year but up 2% on a constant currency basis. Net income stood at $58.4 million, with diluted EPS of $1.10 and adjusted diluted EPS of $1.19. Executive Search and RPO segments saw revenue growth, while Consulting declined. Adjusted EBITDA increased 12.5% to $114.5 million, driven by cost management and improved consultant productivity.
Total revenue remained flat at $668.7 million, with a 2% constant currency increase.
Net income declined slightly to $58.4 million, reflecting higher tax provisions.
Executive Search and RPO segments experienced growth, while Consulting saw a decline.
Adjusted EBITDA grew 12.5% to $114.5 million, driven by cost discipline.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
Korn Ferry anticipates continued stable performance with slight revenue growth in Q4 FY25.
Positive Outlook
- Q4 FY25 fee revenue expected between $680M and $700M.
- Q4 diluted EPS projected between $1.20 and $1.28.
- Adjusted diluted EPS forecasted between $1.22 and $1.30.
- Continued growth expected in Executive Search and RPO segments.
- Cost management efforts expected to support profitability.
Challenges Ahead
- Consulting segment expected to remain under pressure.
- Macroeconomic uncertainty may impact corporate hiring trends.
- Potential foreign exchange fluctuations could affect revenue growth.
- Competitive market conditions may slow new client acquisitions.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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