Korn Ferry · NYSE:KFY

Korn Ferry — Q1 2027 Earnings Presentation

25 slides from Korn Ferry's earnings presentation, Sep 9, 2026

  1. Slide 1: FY'27 Q1 Earnings Presentation

    FY’27 Q1 Earnings Presentation SEPTEMBER 9, 2026 | © 2026 Korn Ferry

  2. Slide 2: Safe Harbor Statement

    SAFE HARBOR STATEMENT FORWARD-LOOKING STATEMENTS Statements in this presentation that relate to goals, strategies, future plans and expectations are based on Korn Ferry’s current expectations. You are cautioned not to place undue reliance on such statements. Actual results in future periods may diff

  3. Slide 3: Korn Ferry – A Global Organizational Consulting Firm

    KORN FERRY – A GLOBAL ORGANIZATIONAL CONSULTING FIRM STRONG, DURABLE RELEVANT SOLUTIONS ALIGNED PROVEN TRACK RECORD - POISED FOUNDATION WITH CLIENT TALENT NEEDS FOR SUSTAINABLE GROWTH  A leading brand in Talent and  Large Market opportunity - $450B  Loyal, repeat clients of scale - “Marquee Organ

  4. Slide 4: A Unique Strategy Powering Individual and Organizational Performance

    A Unique Strategy Powering Individual and Organizational Performance Driving fully integrated, scalable and Driving an integrated go-to-market strategy sustainable client engagements: through our Marquee and Diamond accounts: Intentional diversification into comprehensive, synergistic Loyal scalable

  5. Slide 5: Q1 FY27 Performance Highlights

    Q1 FY27 PERFORMANCE HIGHLIGHTS Sixth Consecutive Quarter of Fee Revenue Growth, Driving Strong Earnings & Profitability FEE REVENUE NEW BUSINESS (6) ADJ. EBITDA $756M +12% YoY +12% YoY CC $128M +7% YoY +7% YoY CC +$8M +7% YoY Adj. EBITDA(1) (Non-GAAP) GEOGRAPHIC REGION (Fee Revenue & Growth) America

  6. Slide 6: Strong Levels of Estimated Remaining Fees Under Existing Contracts

    STRONG LEVELS OF ESTIMATED REMAINING FEES UNDER EXISTING CONTRACTS Estimated Remaining Fees Under Estimated Remaining Fees Under Existing Contracts ($M)(4) Existing Contracts - Timing ($M)(5) $1,883 $1,915 $96 $1,080 $90 $1,674 $96 $82 $835 $807 $794 $770 $521 $273 $986 $1,025 $562 $822 $463 FY'26 Q

  7. Slide 7: Quarterly New Business Trend

    (6) QUARTERLY NEW BUSINESS TREND FY’27 Q1 New Business up 12% YoY (+12% YoY CC) $817 $816 $832 $742 $744 $320 $320 $323 $288 $290 $258 $271 $270 $276 $276 $226 $226 $251 $178 $178 FY'26 Q1 FY'26 Q1 (CC) FY'26 Q4 FY'26 Q4 (CC) FY'27 Q1 Search Talent & Organizational Solutions Workforce Solutions * Co

  8. Slide 8: Americas

    AMERICAS 58% of Fee Revenue in FY’27 QTR. 1 Fee Revenue +9% YoY (+9% YoY CC) Fee Revenue ($M) New Business (6) ($M) Estimated Remaining Fees Under Existing Contracts &Timing (5) ($M) 7.6% 9.4% 18.5% 15.2% $508 (2.5%) $448 (4.3%) $466 $442 $574 $404 $60 $404 $220 $468 $207 $209 $212 $184 $213 $106 $1

  9. Slide 9: Americas

    AMERICAS Adj. EBITDA(1) ($M) Adj. EBITDA(1) Margin (%) Fee Earner Productivity ($K) (Non-GAAP) $2,110 26.3% $1,920 25.9% 24.9% $1,630 $116 $116 973 970 971 $101 FY'26 Q1 FY'26 Q4 FY'27 Q1 FY'26 Q1 FY'26 Q4 FY'27 Q1 Adj. EBITDA(1) Adj. EBITDA Margin (%)(1) Fee Earners New Business(6) / Avg Fee Earner

  10. Slide 10: EMEA

    EMEA 30% of Fee Revenue in FY’27 QTR. 1 Fee Revenue +4% YoY (+4% YoY CC) Fee Revenue ($M) New Business (6) ($M) Estimated Remaining Fees Under Existing Contracts &Timing (5) ($M) 18.9% 12.0% 10.7% 8.2% (9.0%) 4.0% $377 $252 $229 $228 $26 $219 $227 $224 $76 $65 $67 $270 $65 $69 $70 $240 $134 $120 $11

  11. Slide 11: EMEA

    EMEA Adj. EBITDA(1) ($M) Adj. EBITDA(1) Margin (%) Fee Earner Productivity ($K) (Non-GAAP) $1,790 16.3% 16.4% 16.4% $1,580 $1,580 $38 $37 $36 578 567 556 FY'26 Q1 FY'26 Q4 FY'27 Q1 FY'26 Q1 FY'26 Q4 FY'27 Q1 Adj. EBITDA(1) Adj. EBITDA Margin (%)(1) Fee Earners New Business(6) / Avg Fee Earner Annual

  12. Slide 12: APAC

    APAC 12% of Fee Revenue in FY’27 QTR. 1 Fee Revenue +1% YoY (+2% YoY CC) Fee Revenue ($M) New Business (6) ($M) Estimated Remaining Fees Under Existing Contracts &Timing (5) ($M) 11.8% 20.1% 1.4% (1.5%) 3.7% $86 $87 $130 $83 $115 $111 (23.1%) $10 $30 $32 $32 $35 $30 $96 $85 $68 $33 $30 $39 $41 $38 $

  13. Slide 13: APAC

    APAC Adj. EBITDA(1) ($M) Adj. EBITDA(1) Margin (%) Fee Earner Productivity ($K) (Non-GAAP) $1,620 $1,570 23.1% 22.1% 22.2% $1,220 $20 $19 $18 284 279 281 FY'26 Q1 FY'26 Q4 FY'27 Q1 FY'26 Q1 FY'26 Q4 FY'27 Q1 Adj. EBITDA(1) Adj. EBITDA Margin (%)(1) Fee Earners New Business(6) / Avg Fee Earner Annual

  14. Slide 14: Maintaining a Balanced Approach to Capital Allocation

    MAINTAINING A BALANCED APPROACH TO CAPITAL ALLOCATION Deployed $54M of Cash in FY’27 Q1 Investing $15M in *CAPEX, $9M in Debt Service and Paid $30M of Dividends Cash & Marketable Securities ($M) FY’27 Q1 Capital Allocation ($M) Strong Liquidity with $690M of Investable Cash(3) $1,381 Dividends $30 $

  15. Slide 15: Footnotes

    FOOTNOTES (1) Earnings Before Interest, Taxes, Depreciation & Amortization Adjusted to Exclude Restructuring Charges, Acquisition / Integration Costs, Impairment of Fixed Assets, the Impairment of Right-of-Use Assets, Gain on Modification of Office Lease and Sr. Management Separation Charges, when a

  16. Slide 16: Guidance Assumptions – FY'27 Q2 to Q4

    GUIDANCE ASSUMPTIONS – FY’27 Q2 TO Q4 FY'27 Qtr. 2 Qtr. 3 Qtr. 4 (Sept + Oct) (Nov to Jan) (Feb to Apr) (1) Amortization of Intangibles ($M) $7.1 $10.6 $10.6 (2) Interest Expense - Net ($M) $13.4 $15.8 $15.8 Tax Rate 27.5% 27.5% 27.5% (3) Net Income Attributable to Approximately 1.5% of Adj. Net Inc

  17. Slide 17: Appendix: Reconciliations of Non-GAAP Financial Measures

    APPENDIX Reconciliations of Non-GAAP Financial Measures to U.S. GAAP Financial Measures Earnings Conference Call September 9, 2026 17 | © 2026 Korn Ferry

  18. Slide 18: Reconciliation of Consolidated Net Income to Adjusted EBITDA

    RECONCILIATION OF CONSOLIDATED NET INCOME (GAAP) TO ADJUSTED EBITDA (NON-GAAP) ($M) FY’26 Q1; FY’26 Q4; FY’27 Q1 YoY Sequential FY'26 FY'26 FY'27 Incr. / (Decr.) Incr. / (Decr.) Qtr. 1 Qtr. 4 Qtr. 1 $/% % $/% % Net Income Attributable to Korn Ferry $66.6 $73.1 $69.0 $2.4 4% ($4.1) (6%) Net Income At

  19. Slide 19: Reconciliation of Net Income & Diluted EPS to Adjusted Net Income & EPS

    RECONCILIATION OF CONSOLIDATED NET INCOME & DILUTED EPS (GAAP) TO ADJUSTED NET INCOME & ADJUSTED DILUTED EPS (NON-GAAP) ($M) FY’26 Q1; FY’26 Q4; FY’27 Q1 YoY Sequential FY'26 FY'26 FY'27 Incr. / (Decr.) Incr. / (Decr.) Qtr. 1 Qtr. 4 Qtr. 1 $ % $ % Net Income Attributable to Korn Ferry $66.6 $73.1 $6

  20. Slide 20: Reconciliation of Net Income to Adj. EBITDA – FY'26 Q1

    RECONCILIATION OF CONSOLIDATED NET INCOME (GAAP) TO ADJ. EBITDA (NON- GAAP) ($M) FY’26 Q1 FY'26 Q1 Americas EMEA APAC Corporate KF Fee Revenue $404.1 $219.0 $85.5 - $708.6 Net Income Attributable $66.6 to Korn Ferry Margin (%) 9.4% Net Income Attributable to 0.8 Noncontrolling Interest Interest Exps

  21. Slide 21: Reconciliation of Net Income to Adj. EBITDA – FY'26 Q4

    RECONCILIATION OF CONSOLIDATED NET INCOME (GAAP) TO ADJ. EBITDA (NON- GAAP) ($M) FY’26 Q4 FY'26 Q4 Americas EMEA APAC Corporate KF Fee Revenue $447.7 $229.1 $83.0 - $759.8 Net Income Attributable $73.1 to Korn Ferry Margin (%) 9.6% Net Income Attributable to 0.7 Noncontrolling Interest Interest Exps

  22. Slide 22: Reconciliation of Net Income to Adj. EBITDA – FY'27 Q1

    RECONCILIATION OF CONSOLIDATED NET INCOME (GAAP) TO ADJ. EBITDA (NON- GAAP) ($M) FY’27 Q1 FY'27 Q1 Americas EMEA APAC Corporate KF Fee Revenue $442.1 $227.7 $86.7 - $756.5 Net Income Attributable $69.0 to Korn Ferry Margin (%) 9.1% Net Income Attributable to 0.5 Noncontrolling Interest Interest Exps

  23. Slide 23: Reconciliation of Cash & Marketable Securities to Investable Cash

    RECONCILIATION OF CASH & MARKETABLE SECURITIES TO INVESTABLE CASH ($M) FY’26 Q1; FY’26 Q4; FY’27 Q1 YoY Sequential FY'26 FY'26 FY'27 Incr. / (Decr.) Incr. / (Decr.) Qtr. 1 Qtr. 4 Qtr. 1 $ % $ % Cash $684.9 $1,095.4 $800.9 $116.0 17% ($294.5) (27%) Marketable Securities 278.4 286.0 250.2 (28.2) (10%)

  24. Slide 24: Fee Revenue Growth by Segment and Region – Reported vs. Constant Currency

    FEE REVENUE GROWTH BY SEGMENT AND REGION – ACTUAL REPORTED VS. CONSTANT CURRENCY ($M) FY'27 Q1 vs. FY'26 Q1 Reported Const. Curr. $M % Grth. % Grth. AMERICAS Search $209.3 14% 14% Talent & Org. Solutions 106.9 (3%) (3%) Workforce Solutions 126.0 14% 14% Total Americas $442.1 9% 9% EMEA Search $66.8

  25. Slide 25: Korn Ferry is a global consulting firm that powers performance

    Korn Ferry is a global consulting firm that powers performance. We unlock the potential in your people and unleash transformation across your business— synchronizing strategy, operations, and talent to accelerate performance, fuel growth, and inspire a legacy of change. That’s why the world’s most f

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