Staffing & employment services · Industrials · Fiscal year ends Apr 30
Korn Ferry reported revenue of $2.9B in the fiscal year ended Apr 2026, up 6.4% from the year before. Operating income was $375M, an operating margin of 12.8%, and net income was $277M. Operating cash flow of $414M less capital expenditure of $90M left free cash flow of $324M. It held more cash than debt (net cash $697M).
Ranks among the 5 staffing & employment services companies we cover (1st = best; for debt, the least indebted). Green = top third, red = bottom third.
Last 5 fiscal years
| Fiscal year | Apr 2022 | Apr 2023 | Apr 2024 | Apr 2025 | Apr 2026 |
|---|---|---|---|---|---|
| Revenue | 2,643 | 2,864 | 2,796 | 2,761 | 2,939 |
| Operating income | 470 | 316 | 213 | 346 | 375 |
| Pre-tax income | 433 | 296 | 223 | 345 | 388 |
| Income tax | 102 | 82.7 | 50.1 | 93.8 | 108 |
| Net income | 326 | 210 | 169 | 246 | 277 |
| Diluted EPS | 5.98 | 3.95 | 3.23 | 4.60 | 5.22 |
| Diluted shares | 53.4 | 51.9 | 51.4 | 52.8 | 52.5 |
| Fiscal year | Apr 2022 | Apr 2023 | Apr 2024 | Apr 2025 | Apr 2026 |
|---|---|---|---|---|---|
| Cash & equivalents | 978 | 844 | 941 | 1,007 | 1,095 |
| Receivables | 590 | 570 | 541 | 565 | 573 |
| Current assets | 1,760 | 1,639 | 1,674 | 1,750 | 1,906 |
| Net PP&E | 138 | 162 | 162 | 174 | 192 |
| Goodwill | 726 | 909 | 908 | 949 | 951 |
| Total assets | 3,465 | 3,574 | 3,679 | 3,861 | 4,065 |
| Payables | 50.9 | 53.4 | 50.1 | 58.9 | 49.7 |
| Deferred revenue | 244 | 257 | 241 | 245 | 248 |
| Current liabilities | 984 | 976 | 935 | 956 | 982 |
| Long-term debt | 395 | 396 | 397 | 398 | 399 |
| Total liabilities | 1,915 | 1,921 | 1,942 | 1,989 | 2,086 |
| Shareholders' equity | 1,544 | 1,648 | 1,733 | 1,866 | 1,973 |
| Backlog (remaining obligations) | 1,035 | 1,118 | 1,014 | 1,157 | 1,288 |
| Fiscal year | Apr 2022 | Apr 2023 | Apr 2024 | Apr 2025 | Apr 2026 |
|---|---|---|---|---|---|
| Operating cash flow | 502 | 344 | 284 | 364 | 414 |
| Capital expenditure | 49.4 | 70.4 | 55.1 | 62.5 | 89.9 |
| Free cash flow | 452 | 274 | 229 | 302 | 324 |
| Depreciation & amortisation | 63.5 | 68.3 | 78.0 | 80.3 | 98.8 |
| Stock-based compensation | 29.2 | 36.3 | 40.0 | 48.0 | 47.7 |
| Acquisitions | 134 | 255 | 0.0 | 44.4 | 0.0 |
| Share buybacks | 96.3 | 95.5 | 53.2 | 88.8 | 116 |
| Dividends paid | 26.8 | 33.0 | 54.4 | 83.6 | 105 |
| Dividend per share | 0.48 | 0.60 | 1.02 | 1.59 | 1.99 |
| Fiscal year | Apr 2022 | Apr 2023 | Apr 2024 | Apr 2025 | Apr 2026 |
|---|---|---|---|---|---|
| Revenue growth (YoY) | – | 8.3% | −2.4% | −1.2% | 6.4% |
| Operating income growth (YoY) | – | −32.7% | −32.7% | 62.6% | 8.2% |
| EPS growth (YoY) | – | −33.9% | −18.2% | 42.4% | 13.5% |
| Operating margin | 17.8% | 11.0% | 7.6% | 12.5% | 12.8% |
| Net margin | 12.3% | 7.3% | 6.1% | 8.9% | 9.4% |
| Return on equityBlank when equity is negative | 21.1% | 12.7% | 9.8% | 13.2% | 14.1% |
| ROCEEBIT ÷ (assets − current liabilities) | 19.0% | 12.2% | 7.8% | 11.9% | 12.2% |
| Free cash flow margin | 17.1% | 9.6% | 8.2% | 10.9% | 11.0% |
| Cash conversion (CFO ÷ net income) | 1.54x | 1.64x | 1.68x | 1.48x | 1.49x |
| Receivable days | 82 | 73 | 71 | 75 | 71 |
| Debt ÷ equity | 0.26x | 0.24x | 0.23x | 0.21x | 0.20x |
| Net debtDebt − cash & equivalents; excludes investments; negative = net cash | −583 | −448 | −544 | −609 | −697 |
| Current ratio | 1.79x | 1.68x | 1.79x | 1.83x | 1.94x |
Standardised figures from the company's XBRL filings with the SEC (10-K, 10-Q). Line items follow US GAAP tags, so a company's own statement layout may differ and some lines show “–” where the company does not report that item. Ratios are calculated from these figures. For education only; not investment advice or a recommendation.