Financial Analysis

Acquisition On November 1, 2024, the Company completed its acquisition of Trilogy for $44.4 million, net of cash acquired and recognized goodwill of $36.9 million. Headquartered in London, Trilogy provides digital interim talent across EMEA and in the United States. Results of operations of Trilogy are included in the Company's consolidated financial statements from November 1, 2024, the effective date of the acquisition in the Professional Search & Interim segment.

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Commitments and Contingencies Employment Agreements The Company has a policy of entering into offer letters of employment or letters of promotion with vice presidents, which provide for an annual base salary and discretionary and incentive bonus payments. Certain key vice presidents who typically have been employed by the Company for several years may also have a standard form employment agreement. Upon termination without cause, the Company is required to pay the amount of severance due under the employment agreement, if any. The Company also requires its vice presidents to agree in their employment letters and their employment agreement, if applicable, not to compete with the Company during the term of their employment and for a certain period after their employment ends. Litigation From time to time, the Company has been and is involved in litigation incidental to its business. The Company is currently not a party to any litigation which, if resolved adversely against the Company, would, in the opinion of management, after consultation with legal counsel, have a material adverse effect on the Companys business, financial position or results of operations. …

CommitmentsAndContingenciesDisclosureTextBlock · excerpt; the full note is in the filing

The following table provides further disaggregation of fee revenue by industry: Year Ended April 30, 2026 2025 2024 Dollars % Dollars % Dollars % (dollars in thousands) Industrial $ 910,507 31.3 % $ 814,619 29.9 % $ 813,919 29.5 % Financial Services 547,351 18.8 516,742 18.9 491,761 17.8 Life Sciences/Healthcare 485,878 16.7 475,779 17.4 485,321 17.6 Technology 432,549 14.9 396,027 14.5 404,569 14.6 Consumer Goods 348,360 12.0 349,196 12.8 382,175 13.8 Education/NonProfit/General 182,824 6.3 177,725 6.5 184,926 6.7 Fee Revenue $ 2,907,469 100.0 % $ 2,730,088 100.0 % $ 2,762,671 100.0 % …

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"Employee Stock Plans Stock-Based Compensation The following table summarizes the components of stock-based compensation expense recognized in the Companys consolidated statements of income for the periods indicated: Year Ended April 30, 2026 2025 2024 (in thousands) Restricted stock $ 46,850 $ 47,094 $ 39,077 ESPP 832 867 893 Total stock-based compensation expense $ 47,682 $ 47,961 $ 39,970 Stock Incentive Plan At the Company's 2024 Annual Meeting of Stockholders, held on September 25, 2024, the Company's stockholders approved the Korn Ferry Amended and Restated 2022 Stock Incentive Plan (the ""Plan""), which among other things, increased the total number of shares of the Company's common stock available for stock-based awards by 1,900,000 shares, leaving 2,848,558 shares available for issuance and extended the term of the Plan to September 25, 2034. The Plan requires a minimum one-year vesting for all future awards, and provides for the grant of awards to eligible participants, designated as either nonqualified or incentive stock options, restricted stock and restricted stock units, any of which may be market-based, and incentive bonuses, which may be paid in cash or stock or a combination thereof. Restricted Stock The Company grants time-based restricted stock awards to executive officers and other senior employees that generally vest over a four-year period. In addition, certain key management members typically receive time-based restricted stock awards upon commencement …

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"Goodwill and Intangible Assets Changes in the carrying value of goodwill by reportable segment were as follows: Consulting Digital Executive Search Professional Search & Interim RPO Consolidated North America EMEA Asia Pacific (in thousands) Balance as of May 1, 2024 $ 172,994 $ 325,387 $ 46,154 $ 46,246 $ 972 $ 254,345 $ 62,278 $ 908,376 Additions (1) 36,857 36,857 Exchange rate fluctuations 202 668 (310) 388 2,133 518 3,599 Balance as of April 30, 2025 173,196 326,055 45,844 46,634 972 293,335 62,796 948,832 Exchange rate fluctuations 87 182 276 367 597 295 1,804 Balance as of April 30, 2026 $ 173,283 $ 326,237 $ 46,120 $ 47,001 $ 972 $ 293,932 $ 63,091 $ 950,636 _______________________________ (1) Additions to goodwill in fiscal 2025 were due to $36.9 million from the acquisition of Trilogy International (""Trilogy""). Tax deductible goodwill from acquisitions were as follows: April 30, 2026 2025 (in thousands) Salo LLC (""Salo"") $ 91,032 $ 98,779 Infinity Consulting Solutions (""ICS"") 51,231 55,785 Miller Heiman 12,023 13,437 PIVOT Leadership 3,126 3,812 Total tax deductible goodwill from acquisitions $ 157,412 $ 171,813 Intangible assets include the following: April 30, 2026 April 30, 2025 (in thousands) Amortized intangible assets: Gross Accumulated Amortization Net Gross Accumulated Amortization Net Customer lists $ 197,370 $ (158,008) $ 39,362 $ 197,370 $ (139,957) $ 57,413 Intellectual property 69,100 (64,038) 5,062 69,100 (58,421) 10,679 Trademarks 12,857 (11 …

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Income Taxes Income from continuing operations before provision for income taxes was as follows: Year Ended April 30, 2026 2025 2024 (in thousands) Domestic $ 197,461 $ 157,356 $ 70,716 Foreign 190,989 187,556 151,926 Income before provision for income taxes $ 388,450 $ 344,912 $ 222,642 The provision for domestic and foreign income taxes was as follows: Year Ended April 30, 2026 2025 2024 (in thousands) Current income taxes: Federal $ 15,709 $ 33,433 $ 31,466 State 10,402 13,916 10,071 Foreign 49,698 52,891 40,853 Current provision for income taxes 75,809 100,240 82,390 Deferred income taxes: Federal 24,832 (5,380) (15,693) State 3,964 (1,853) (2,904) Foreign 3,025 829 (13,712) Deferred benefit for income taxes 31,821 (6,404) (32,309) Total provision for income taxes $ 107,630 $ 93,836 $ 50,081 The reconciliation of the statutory federal income tax rate to the effective consolidated tax rate is as follows: Year Ended April 30, 2026 (in thousands) % U.S. federal statutory income tax rate $ 81,574 21.0 % State and local income tax, net of federal income tax effect (1) 11,089 2.9 Foreign tax effects (2) 13,204 3.4 Non-taxable or non-deductible items Non-deductible officer's compensation 4,676 1.2 Other (3) (2,048) (0.5) Effect of cross-border tax laws (2,300) (0.6) Change in unrecognized tax benefits 3,485 0.9 Tax credits (1,022) (0.3) Other (3) (1,028) (0.3) Effective income tax rate $ 107,630 27.7 % _______________________________ (1) For the year ended April 30, 2026, no sin …

IncomeTaxDisclosureTextBlock · excerpt; the full note is in the filing

Leases The Companys lease portfolio is comprised of operating leases for office space and equipment and finance leases for equipment. Equipment leases are comprised of vehicles and office equipment. The majority of the Companys leases include both lease and non-lease components. Non-lease components primarily include maintenance, insurance, taxes and other utilities. The Company combines fixed payments for non-lease components with its lease payments and accounts for them as a single lease component, which increases its ROU assets and lease liabilities. Some of the leases include one or more options to renew or terminate the lease at the Companys discretion. Generally, the renewal and termination options are not included in the ROU assets and lease liabilities as they are not reasonably certain of exercise. The Company has elected not to recognize a ROU asset or lease liability for leases with an initial term of 12 months or less. As most of the Companys leases do not provide an implicit rate, the Company uses its incremental borrowing rate based on the information available at commencement date in determining the present value of the future minimum lease payments. The Company applies the portfolio approach when determining the incremental borrowing rate since it has a centrally managed treasury function. The Companys incremental borrowing rate is estimated to approximate the interest rate on a collateralized basis with similar terms and payments in a similar economic environ …

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"Long-Term Debt 4.625% Senior Unsecured Notes due 2027 On December 16, 2019, the Company completed a private placement of 4.625% Senior Unsecured Notes due 2027 (the Notes) with a $400.0 million principal amount pursuant to Rule 144A and Regulation S under the Securities Act of 1933, as amended. The Notes were issued with a $4.5 million discount and will mature December 15, 2027, with interest payable semi-annually in arrears on June 15 and December 15 of each year, commencing on June 15, 2020. The Notes represent senior unsecured obligations that rank equally in right of payment to all existing and future senior unsecured indebtedness. The Company may redeem the Notes prior to maturity, subject to certain limitations and premiums defined in the indenture governing the Notes. The Company may redeem the Notes at the principal amount, plus accrued and unpaid interest. The Notes allow the Company to pay $25.0 million of dividends per fiscal year with no restrictions, plus an unlimited amount of dividends so long as the Companys consolidated total leverage ratio is not greater than 3.50 to 1.00, and the Company is not in default under the indenture governing the Notes. The Notes are guaranteed by each of the Company's existing and future wholly owned domestic subsidiaries to the extent such subsidiaries guarantee the Company's credit facilities. The indenture governing the Notes requires that, upon the occurrence of both a Change of Control and a Rating Decline (each as defined i …

LongTermDebtTextBlock · excerpt; the full note is in the filing

"Recently Adopted Accounting Standards In December 2023, the Financial Accounting Standards Board (""FASB"") issued an amendment to the accounting standard update for income taxes disclosures (""ASU 2023-09""). The new amendment provides improvements to annual income tax disclosures by requiring specific categories in the rate reconciliation and disaggregated information for income taxes paid. The amendment is effective for annual periods beginning after December 15, 2024, and can be applied on a prospective or retrospective basis. The Company adopted this guidance on a prospective basis in fiscal 2026 and it did not have a material impact on the consolidated financial statements. Recent Accounting Standards - Not Yet Adopted In November 2024, the FASB issued an accounting update that requires public companies to disclose, in the notes to financial statements, specified information about certain costs and expenses at each interim and annual reporting period. This update is effective for annual reporting periods beginning after December 15, 2026, and interim reporting periods beginning after December 15, 2027. The Company will adopt this guidance in fiscal 2028 and in the interim periods beginning in fiscal 2029. The adoption of this guidance is not anticipated to have a material impact on the consolidated financial statements. In July 2025, the FASB issued an amendment to the accounting update for measurement of credit losses for accounts receivable and contract assets. The a …

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Deferred Compensation and Retirement Plans The Company has several deferred compensation and retirement plans for eligible consultants and vice presidents that provide defined benefits to participants based on the deferral of current compensation or contributions made by the Company subject to vesting and retirement or termination provisions. The total benefit obligations for these plans were as follows: Year Ended April 30, 2026 2025 (in thousands) Deferred compensation and pension plans $ 325,128 $ 298,316 Medical and Life Insurance plan 3,803 4,188 International retirement plans 11,559 13,278 Executive Capital Accumulation Plan 227,171 210,606 Total benefit obligation 567,661 526,388 Less: current portion of benefit obligation (1) (56,887) (48,618) Non-current benefit obligation $ 510,774 $ 477,770 _______________________________ (1) Current portion of benefit obligation is included in Compensation and benefits payable in the consolidated balance sheet. Deferred Compensation and Pension Plans The EWAP was established in fiscal 1994, which replaced the WAP. Certain vice presidents elected to participate in a deferral unit that required the participant to contribute a portion of their compensation for an eight year period, or in some cases, make an after-tax contribution, in return for defined benefit payments from the Company over a fifteen year period at retirement age of 65 or later. Participants were able to acquire additional deferral units every five years. Vice presid …

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Restructuring Charges, Net In fiscal 2024, in light of the challenging macroeconomic business environment arising from persistent inflationary pressures, rising interest rates and global economic and geopolitical uncertainty, on October 23, 2023, the Company initiated a plan (the Plan) intended to align its workforce with its current business realities through position eliminations. Due to the implementation of the Plan, the Company recorded restructuring charges of $68.6 million in fiscal 2024 across all segments related to severance for positions that were eliminated. During fiscal 2025, the Company made adjustments to previously recorded restructuring accruals resulting in restructuring charges of $1.9 million. During fiscal 2026, no restructuring charges were recorded. Changes in the restructuring liability were as follows: Restructuring Liability (in thousands) As of May 1, 2023 $ 8,004 Restructuring charges, net 68,558 Reductions for cash payments (57,636) Non-cash payments (15,421) Exchange rate fluctuations 399 As of April 30, 2024 3,904 Restructuring charges, net 1,892 Reductions for cash payments (5,786) Exchange rate fluctuations 159 As of April 30, 2025 $ 169 As of April 30, 2026, there is no restructuring liability. As of April 30, 2025, the restructuring liability is included in the current portion of other accrued liabilities on the consolidated balance sheets. Restructuring charges incurred by segment were as follows: Year Ended April 30, 2025 2024 (in thousan …

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Fee Revenue Contract Balances A contract asset (unbilled receivables) is recorded when the Company transfers control of products or services before there is an unconditional right to payment. A contract liability (deferred revenue) is recorded when cash is received in advance of performance of the obligation. Deferred revenue represents the future performance obligations to transfer control of products or services for which the Company has already received consideration. Deferred revenue is presented in other accrued liabilities on the consolidated balance sheets. The following table outlines the Companys contract asset and liability balances as of April 30, 2026 and 2025 : April 30, 2026 2025 (in thousands) Contract assets-unbilled receivables $ 106,286 $ 113,743 Contract liabilities-deferred revenue $ 247,519 $ 245,379 During fiscal 2026, 2025, and 2024 the Company recognized revenue of $188.3 million, $184.9 million and $195.2 million, respectively, that were included in the contract liabilities balance at the beginning of the period. Performance Obligations The Company has elected to apply the practical expedient to exclude the value of unsatisfied performance obligations for contracts with a duration of one year or less, which applies to all executive search, professional search and to most of the fee revenue from the interim business. As of April 30, 2026, the aggregate transaction price allocated to the performance obligations that are unsatisfied for contracts with an …

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"Segments The Company has eight reportable segments: Consulting, Digital, Executive Search North America, Executive Search EMEA, Executive Search Asia Pacific, Executive Search Latin America, Professional Search & Interim and RPO. Executive Search is managed by geographic regional leaders. Worldwide operations for Consulting, Professional Search & Interim and RPO are managed by their Chief Executive Officers while Digital is led by the President of Technology. The Executive Search geographic regional leaders, the Chief Executive Officers of Consulting, Professional Search & Interim and RPO and the President of Technology report directly to the Chief Executive Officer of the Company. The Company also operates Corporate to record global expenses. The Company's chief executive officer is the Company's chief operating decision maker (""CODM""), which evaluates performance and allocates resources based on the review of the Companys 1) fee revenue and 2) adjusted earnings before interest, taxes, depreciation and amortization (Adjusted EBITDA). To the extent that such costs or charges occur, Adjusted EBITDA excludes restructuring charges, integration/acquisition costs, certain separation costs and certain non-cash charges (goodwill, intangible asset, gain on modification of office lease and other impairment charges). The CODM is not provided asset information by reportable segment, because asset information is not used for purposes of evaluating segment performance or al …

SegmentReportingDisclosureTextBlock · excerpt; the full note is in the filing

"Subsequent Event Quarterly Dividend Declaration On June 22, 2026, the Board of Directors of the Company (the ""Board"") declared a cash dividend of $0.55 per share with a payment date of July 31, 2026 to holders of the Companys common stock of record at the close of business on July 6, 2026. The declaration and payment of future dividends under the quarterly dividend policy will be at the discretion of the Board and will depend upon many factors, including the Companys earnings, capital requirements, financial condition, the terms of the Companys indebtedness and other factors that the Board may deem to be relevant. The Board may amend, revoke or suspend the dividend policy at any time and for any reason."

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Disaggregation of Revenue The Company disaggregates its revenue by geography: Americas, EMEA and APAC. This information is presented in Note 10 Segments. The following table provides further disaggregation of fee revenue by Solution Group: Three months ended July 31, 2026 2025 Dollars % Dollars % (dollars in thousands) AMERICAS Search $ 209,325 27.7 % $ 183,723 25.9 % Talent & Organizational Solutions 106,853 14.1 110,061 15.5 Workforce Solutions 125,951 16.6 110,351 15.6 Total Americas 442,129 58.4 404,135 57.0 EMEA Search 66,836 8.8 65,499 9.2 Talent & Organizational Solutions 115,366 15.3 111,415 15.7 Workforce Solutions 45,468 6.0 42,041 5.9 Total EMEA 227,670 30.1 218,955 30.9 APAC Search 31,737 4.2 29,702 4.2 Talent & Organizational Solutions 37,001 4.9 37,684 5.3 Workforce Solutions 17,959 2.4 18,137 2.6 Total APAC 86,697 11.5 85,523 12.1 Total fee revenue $ 756,496 100.0 % $ 708,613 100.0 % …

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Employee Stock Plans Stock-Based Compensation The following table summarizes the components of stock-based compensation expense recognized in the Companys condensed consolidated statements of income for the periods indicated: Three Months Ended July 31, 2026 2025 (in thousands) Restricted stock $ 12,238 $ 10,790 ESPP 210 219 Total stock-based compensation expense $ 12,448 $ 11,009 Restricted Stock Restricted stock activity during the three months ended July 31, 2026 is summarized below: Shares Weighted- Average Grant Date Fair Value (in thousands, except per share data) Non-vested, April 30, 2026 1,884 $ 70.56 Granted 921 $ 67.63 Vested (827) $ 48.87 Forfeited/expired (27) $ 66.74 Non-vested, July 31, 2026 1,951 $ 78.43 As of July 31, 2026, there were 0.8 million shares outstanding relating to market-based restricted stock units with total unrecognized compensation totaling $47.4 million. As of July 31, 2026, there was $126.0 million of total unrecognized compensation cost related to all non-vested awards of restricted stock, which is expected to be recognized over a weighted-average period of 2.8 years. During the three months ended July 31, 2026 and 2025, 330,514 shares and 254,047 shares of restricted stock totaling $24.9 million and $18.7 million, respectively, were repurchased by the Company, at the option of employees, to pay for taxes related to the vesting of restricted stock. Employee Stock Purchase Plan During the three months ended July 31, 2026 and 2025, employees …

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Income Taxes The provision for income tax was $24.6 million in the three months ended July 31, 2026, with an effective tax rate of 26.2%, compared to $25.3 million in the three months ended July 31, 2025, with an effective tax rate of 27.2%. In addition to the impact of U.S. state income taxes and jurisdictional mix of earnings, which generally create variability in the Companys effective tax rate over time, the tax benefit recorded in the three months ended July 31, 2026 in connection with the windfall from stock-based awards that vested during the three months ended July 31, 2026 was greater than the tax benefit recorded for the three months ended July 31, 2025 in connection with the windfall from stock-based awards that vested during the year-ago quarter. The windfall is the amount by which the Companys tax deduction for these awards, based on the fair market value of the awards on the date of vesting, is greater than the expense recorded in the Companys financial statements over the awards vesting period. …

IncomeTaxDisclosureTextBlock · excerpt; the full note is in the filing

Leases The Companys lease portfolio is comprised of operating leases for office space and equipment and finance leases for equipment. Equipment leases are comprised of vehicles and office equipment. The components of lease expense were as follows: Three Months Ended July 31, 2026 2025 (in thousands) Finance lease cost Amortization of ROU assets $ 527 $ 399 Interest on lease liabilities 60 44 587 443 Operating lease cost 11,532 12,385 Short-term lease cost 251 221 Variable lease cost 2,372 2,607 Sublease income (1,340) (1,633) Total lease cost $ 13,402 $ 14,023 Supplemental cash flow information related to leases was as follows: Three Months Ended July 31, 2026 2025 (in thousands) Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 9,599 $ 10,567 Financing cash flows from finance leases $ 588 $ 499 ROU assets obtained in exchange for lease obligations: Operating leases $ 9,033 $ 931 Finance leases $ 629 $ 664 Maturities of lease liabilities were as follows: Year Ending April 30, Operating Financing (in thousands) 2027 (excluding the three months ended July 31, 2026) $ 30,388 $ 1,675 2028 40,096 1,967 2029 33,708 889 2030 26,275 396 2031 22,088 60 Thereafter 93,437 Total lease payments 245,992 4,987 Less: imputed interest 51,670 317 Total $ 194,322 $ 4,670 …

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Long-Term Debt 4.625% Senior Unsecured Notes due 2027 (the Notes) Long-term debt net, at amortized cost, consisted of the following: In thousands July 31, 2026 April 30, 2026 Senior Unsecured Notes $ 400,000 $ 400,000 Less: Unamortized discount and issuance costs (1,222) (1,435) Long-term borrowings, net of unamortized discount and debt issuance costs $ 398,778 $ 398,565 See Note 13 Subsequent Events for updates on Notes. Credit Facilities On July 1, 2025, the Company entered into a Credit Agreement (the Credit Agreement) with Wells Fargo Bank, National Association as administrative agent and other lender parties thereto. The Credit Agreement provides for an $850.0 million five-year senior secured revolving credit facility and other revolving commitments, as specified in the Credit Agreement (the Facility). The obligations under the Credit Agreement are secured by substantially all of the assets of the Company and those of its subsidiaries that are guarantors under the Credit Agreement. The Company repaid all outstanding obligations under the previous credit agreement, and expenses and fees in connection therewith. Since the borrowing capacity under the new arrangement increased, the previously incurred unamortized and current debt issuance costs will be amortized over the life of the new arrangement. The principal balance of the Facility, if any, is due at maturity. The Credit Agreement matures on July 1, 2030 and any unpaid principal balance is payable on this date. The Fac …

LongTermDebtTextBlock · excerpt; the full note is in the filing

Recently Adopted Accounting Standards In July 2025, the Financial Accounting Standards Board (FASB) issued an amendment to the accounting update for the measurement of credit losses for accounts receivable and contract assets. The amendment provides an accounting policy election when estimating expected credit losses for current accounts receivable and current contract assets arising from transactions accounted for under ASC 606. The amendment is effective for annual reporting periods beginning after December 15, 2025, and interim reporting periods within those annual reporting periods. Early adoption is permitted in both interim and annual reporting periods in which the financial statements have not yet been issued or made available for issuance. The Company adopted this guidance in the interim periods beginning in fiscal 2027. The adoption of this guidance did not have a material impact on the condensed consolidated financial statements. Recent Accounting Standards - Not Yet Adopted In November 2024, the FASB issued an accounting update that requires public companies to disclose, in the notes to financial statements, specified information about certain costs and expenses at each interim and annual reporting period. This update is effective for annual reporting periods beginning after December 15, 2026, and interim reporting periods beginning after December 15, 2027. The Company will adopt this guidance in fiscal 2028 and in the interim periods beginning in fiscal 2029. The …

NewAccountingPronouncementsPolicyPolicyTextBlock · excerpt; the full note is in the filing

Deferred Compensation and Retirement Plans The Company has several deferred compensation and retirement plans for eligible consultants and vice presidents that provide defined benefits to participants based on the deferral of current compensation or contributions made by the Company subject to vesting and retirement or termination provisions. Among these plans is a defined benefit pension plan for certain employees in the U.S. The assets of this plan are held separately from the assets of the sponsor in self-administered funds. All other defined benefit obligations from other plans are unfunded. The components of net periodic benefit costs are as follows: Three Months Ended July 31, 2026 2025 (in thousands) Service cost $ 12,054 $ 11,673 Interest cost 4,060 3,884 Amortization of actuarial loss 136 127 Expected return on plan assets (1) (285) (278) Net periodic service credit amortization (77) (101) Net periodic benefit costs (2) $ 15,888 $ 15,305 ___________________ (1) The expected long-term rate of return on plan assets was 6.25% for both July 31, 2026 and 2025. (2) The service cost, interest cost and the other components of net periodic benefit costs are included in compensation and benefits expense, interest expense, net and other income, net, respectively, on the condensed consolidated statements of income. The Company purchased company-owned life insurance (COLI) contracts insuring the lives of certain employees eligible to participate in the deferred compensation and p …

PensionAndOtherPostretirementBenefitsDisclosureTextBlock · excerpt; the full note is in the filing

Fee Revenue Contract Balances A contract asset (unbilled receivables) is recorded when the Company transfers control of products or services before there is an unconditional right to payment. A contract liability (deferred revenue) is recorded when cash is received in advance of performance of the obligation. Deferred revenue represents the future performance obligations to transfer control of products or services for which the Company has already received consideration. Deferred revenue is presented in other accrued liabilities on the condensed consolidated balance sheets. The following table outlines the Companys contract asset and liability balances as of July 31, 2026 and April 30, 2026: July 31, 2026 April 30, 2026 (in thousands) Contract assets-unbilled receivables $ 125,755 $ 106,286 Contract liabilities-deferred revenue $ 229,211 $ 247,519 During the three months ended July 31, 2026, the Company recognized revenue of $89.1 million that was included in the contract liabilities balance at the beginning of the period. Performance Obligations The Company has elected to apply the practical expedient to exclude the value of unsatisfied performance obligations for contracts with a duration of one year or less. As of July 31, 2026, the aggregate transaction price allocated to the performance obligations that are unsatisfied for contracts with an expected duration of greater than one year at inception was $1,327.9 million. Of the $1,327.9 million of remaining performance oblig …

RevenueFromContractWithCustomerTextBlock · excerpt; the full note is in the filing

Segments On May 1, 2026, Korn Ferry reassessed and realigned the Companys organizational reporting structure from a solution-based presentation to a reporting model by geography, with the following three reportable segments: (i) Americas, (ii) EMEA, and (iii) APAC, to better reflect how work is delivered across the firm, align more closely with how clients buy Korn Ferry services, and support the Company's We Are Korn Ferry operating model. Following these changes, the Company reevaluated its segments to reflect certain changes in the financial information regularly reviewed by Companys chief operating decision maker (CODM). As a result, the Company determined that its reportable segments were each of its three geographic regions. Segment results for the prior period have been recast to reflect the change in reportable segments. Worldwide operations for the Americas, EMEA and APAC are managed by the respective geography Presidents who each report to the chief executive officer of the Company. The Company also operates Corporate to record global expenses. The Company's chief executive officer is the CODM, who evaluates performance and allocates resources based on the review of two key measures on a geographic basis: (1) fee revenue and (2) adjusted earnings before interest, taxes, depreciation and amortization (Adjusted EBITDA). To the extent that such costs or charges occur, Adjusted EBITDA excludes restructuring charges, integration/acquisition costs, certain separation cost …

SegmentReportingDisclosureTextBlock · excerpt; the full note is in the filing

Subsequent Events Credit Facility On August 18, 2026 (the Effective Date), the Company entered into an amended and restated credit agreement (the A&R Credit Agreement) with Wells Fargo Bank, National Association as administrative agent, and other lender parties thereto, which amends and restates the Credit Agreement, among the Company, the lenders party thereto and Wells Fargo Bank, National Association as administrative agent. The A&R Credit Agreement amends and restates the Credit Agreement to, among other things, (1) provide for a $600 million senior secured term loan facility (the Term Loan Facility), (2) continue the Companys existing $850 million senior secured revolving credit facility (the Revolving Credit Facility), and (3) set the maturity of the Term Loan Facility and the Revolving Credit Facility to five years from the Effective Date. The obligations under the A&R Credit Agreement are secured by substantially all of the assets of the Company and those of its subsidiaries that are guarantors under the A&R Credit Agreement. Amounts outstanding under the A&R Credit Agreement will bear interest at a rate equal to, at the Companys election, either Term SOFR, plus an interest rate margin between 1.125% per annum and 2.00% per annum, depending on the Companys consolidated net leverage ratio, or base rate plus an interest rate margin between 0.125% per annum and 1.00% per annum, depending on the Companys consolidated net leverage ratio. In connection w …

SubsequentEventsTextBlock · excerpt; the full note is in the filing