Korn Ferry(US:KFY) Businesswire·2025-12-09 11:45Core Insights - Korn Ferry reported second quarter fee revenue of $721.7 million, a 7% increase year-over-year, with diluted earnings per share at $1.36 and adjusted diluted earnings per share at $1.33 [1][3][6] Financial Performance - Fee revenue for Q2 FY'26 was $721.7 million, up from $674.4 million in Q2 FY'25, reflecting a 7% increase (6% at constant currency) [3][6] - Total revenue for the quarter was $729.8 million, compared to $682.0 million in the previous year, marking a 7% increase [3][6] - Net income attributable to Korn Ferry was $72.4 million, with a margin of 10.0%, up from $60.8 million and a margin of 9.0% in the prior year [3][6] - Adjusted EBITDA for Q2 FY'26 was $124.8 million, compared to $117.0 million in Q2 FY'25, with an adjusted EBITDA margin of 17.3% [3][7] Segment Performance - Consulting segment fee revenue was $172.8 million, a 4% increase from $166.8 million in Q2 FY'25, driven by a 10% increase in average bill rates [10][11] - Digital segment fee revenue decreased to $91.0 million from $92.9 million, a 2% decline [12][13] - Executive Search segment fee revenue increased to $226.0 million, up 10% from $206.0 million, attributed to growth in engagements billed and average fees [14][18] - Professional Search & Interim segment fee revenue rose to $141.1 million, a 17% increase from $121.1 million, primarily due to higher revenue from Interim services [19][21] - Recruitment Process Outsourcing (RPO) fee revenue increased to $90.8 million, up 4% from $87.6 million, driven by new business in North America [22][24] Outlook - For Q3 FY'26, Korn Ferry expects adjusted diluted earnings per share to be in the range of $1.19 to $1.25, with fee revenue projected between $680 million and $694 million [25][30]